China Eastern Airlines Corporation Limited

SHSE-600115

Basic

Market Cap
CN¥76.83B
EV
CN¥257.54B
Shares Out
22.29B
Revenue
CN¥124.65B
Employees
81,781

Margins

Gross
3.76%
EBITDA
8.32%
Operating
0.13%
Pre-Tax
-4.08%
Net
-4.12%
FCF
4.03%

Returns (5Yr Avg)

ROA
-4.56%
ROTA
-34.28%
ROE
-32.04%
ROCE
-5.88%
ROIC
-2.97%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CN¥3.97
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥5,235M
Net Debt
CN¥180.22B
Debt/Equity
4.62
EBIT/Interest
0.03

Growth (CAGR)

Rev 3Yr
30.12%
Rev 5Yr
1.06%
Rev 10Yr
3.42%
Dil EPS 3Yr
-30.39%
Dil EPS 5Yr
4.96%
Dil EPS 10Yr
2.76%
Rev Fwd 2Yr
14.35%
EBITDA Fwd 2Yr
24.99%
EPS Fwd 2Yr
-57.33%
EPS LT Growth Est
36.16%

Dividends

Yield
—
Payout
—
DPS
—
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
-40.75%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						116,602	56,229	64,529	43,921	110,741	121,650
Other Revenues, Total						4,258	2,410	2,598	2,384	3,000	3,000
Total Revenues						120,860	58,639	67,127	46,305	113,741	124,650
Total Revenues % Chg.						5.2%	-51.5%	14.5%	-31%	145.6%	122.9%
Cost of Goods Sold, Total						107,200	70,956	80,062	74,844	112,483	119,961
Gross Profit						13,660	-12,317	-12,935	-28,539	1,258	4,689
Selling General & Admin Expenses, Total						10,224	6,766	6,028	5,968	7,885	8,439
Provision for Bad Debts						-6	15	3	5	13	13
R&D Expenses	—	—	—			160	176	315	305	277	267
Other Operating Expenses						-6,017	-4,178	-3,906	-2,321	-3,772	-4,186
Other Operating Expenses, Total						4,361	2,779	2,440	3,957	4,403	4,533
Operating Income						9,299	-15,096	-15,375	-32,496	-3,145	156
Interest Expense, Total						-5,077	-5,129	-5,729	-6,063	-6,014	-5,594
Interest And Investment Income						464	166	348	512	495	407
Net Interest Expenses						-4,613	-4,963	-5,381	-5,551	-5,519	-5,187
Income (Loss) On Equity Invest.	—	—	—	—	—	—	—	—	—	—	38
Currency Exchange Gains (Loss)						-990	2,494	1,619	-2,704	-901	-901
Other Non Operating Income (Expenses)						232	8	-51	-36	88	-402
EBT, Excl. Unusual Items						3,928	-17,557	-19,188	-40,787	-9,477	-6,296
Gain (Loss) On Sale Of Investments						25	-103	-11	-210	135	141
Gain (Loss) On Sale Of Assets						40	17	719	180	86	93
Asset Writedown						-22	-31	-1	-177	-51	-51
Other Unusual Items	—			—		331	1,193	968	880	1,029	1,029
EBT, Incl. Unusual Items						4,302	-16,481	-17,513	-40,114	-8,278	-5,084
Income Tax Expense						819	-3,927	-4,229	-244	336	425
Earnings From Continuing Operations						3,483	-12,554	-13,284	-39,870	-8,614	-5,509
Minority Interest						-288	719	1,070	2,514	446	378
Net Income						3,195	-11,835	-12,214	-37,356	-8,168	-5,131
Preferred Dividend and Other Adjustments	—	—	—	—	—	—	—	—	—	57	57
Net Income to Common Incl Extra Items						3,195	-11,835	-12,214	-37,356	-8,225	-5,188
Net Income to Common Excl. Extra Items						3,195	-11,835	-12,214	-37,356	-8,225	-5,188
Total Shares Outstanding						16,379.5	16,379.5	18,874.4	22,291.3	22,291.3	22,291.3
Weighted Avg. Shares Outstanding						15,104	16,379	16,795	18,874	22,291	21,662.7
Weighted Avg. Shares Outstanding Dil						15,104	16,379	16,795	18,874	22,291	21,662.7
EPS						0.2	-0.7	-0.7	-2	-0.4	-0.2
EPS Diluted						0.2	-0.7	-0.7	-2	-0.4	-0.2
EBITDA						18,437	-5,747	-5,406	-23,833	6,762	10,374
Effective Tax Rate						19%	23.8%	24.1%	0.6%	-4.1%	-8.4%