Company Valuation: Beijing Capital International Airport Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,795 23,129 9,519 12,049 11,357 6,180 - -
Change - 29.98% -58.85% 26.58% -5.74% -45.59% - -
Enterprise Value (EV) 1 23,520 31,314 19,070 22,295 20,993 14,351 13,140 12,696
Change - 33.13% -39.1% 16.91% -5.84% -31.64% -8.44% -3.38%
P/E -8.45x -6.56x -5.62x -8.77x -17.7x 74.9x 15.1x 13.7x
PBR 0.88x 1.39x 0.64x 0.9x 0.88x 0.48x 0.46x 0.45x
PEG - -0.1x 0.1x 0.5x 0.3x -1x 0x 1.3x
Capitalization / Revenue 5.32x 10.4x 2.09x 2.19x 2.02x 1.01x 0.93x 0.86x
EV / Revenue 7.03x 14x 4.18x 4.06x 3.73x 2.35x 1.98x 1.78x
EV / EBITDA -20x -15.6x 97.8x 19.5x 15x 7.54x 5.72x 4.81x
EV / EBIT -8.56x -8.56x -13.5x -64.2x -89.1x 43.9x 16.3x 10.8x
EV / FCF -16.8x -15.8x -22.5x -71.6x 19.9x 31.1x 8.82x 9.34x
FCF Yield -5.96% -6.33% -4.44% -1.4% 5.02% 3.22% 11.3% 10.7%
Dividend per Share 2 - - - - - - 0.0135 -
Rate of return - - - - - - 1% -
EPS 2 -0.46 -0.77 -0.37 -0.3 -0.14 0.018 0.0893 0.0985
Distribution rate - - - - - - 15.1% -
Net sales 1 3,345 2,231 4,559 5,492 5,632 6,105 6,643 7,151
EBITDA 1 -1,174 -2,004 195.1 1,145 1,401 1,903 2,296 2,642
EBIT 1 -2,747 -3,658 -1,413 -347.1 -235.7 326.7 805.5 1,176
Net income 1 -2,117 -3,527 -1,697 -1,390 -630 93.84 449.1 488.4
Net Debt 1 5,726 8,185 9,551 10,247 9,635 8,171 6,960 6,516
Reference price 2 3.886 5.051 2.079 2.631 2.480 1.349 1.349 1.349
Nbr of stocks (in thousands) 4,579,179 4,579,179 4,579,179 4,579,179 4,579,179 4,579,179 - -
Announcement Date 3/24/22 3/30/23 3/27/24 3/27/25 3/26/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
74.93x2.35x7.54x-.--% 911M
46.38x13.53x23.86x1.27% 27.34B
20.11x3.28x10.18x1.42% 7.44B
14.15x5.92x8.82x5.82% 5.15B
22.28x4.24x10.83x3.3% 4.82B
134.5x - - 0.37% 4.53B
16.06x5.95x9.84x6.25% 3.76B
26.77x2.64x10.49x5.88% 3.17B
24.9x1.42x4.89x2.04% 2.84B
Average 42.23x 4.92x 10.81x 2.93% 6.66B
Weighted average by Cap. 41.56x 8.70x 16.54x 2.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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