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 6,785 - -
Change - 29.98% -58.85% 26.58% -5.74% -40.26% - -
Enterprise Value (EV) 1 23,520 31,314 19,070 22,295 20,993 14,966 13,645 12,687
Change - 33.13% -39.1% 16.91% -5.84% -28.71% -8.83% -7.02%
P/E -8.45x -6.56x -5.62x -8.77x -17.7x 106x 17.9x 17.2x
PBR 0.88x 1.39x 0.64x 0.9x 0.88x 0.53x 0.51x 0.5x
PEG - -0.1x 0.1x 0.5x 0.3x -1x 0x 4.09x
Capitalization / Revenue 5.32x 10.4x 2.09x 2.19x 2.02x 1.12x 1.03x 0.97x
EV / Revenue 7.03x 14x 4.18x 4.06x 3.73x 2.48x 2.06x 1.82x
EV / EBITDA -20x -15.6x 97.8x 19.5x 15x 8.02x 5.98x 5.07x
EV / EBIT -8.56x -8.56x -13.5x -64.2x -89.1x 48.5x 18.4x 13.3x
EV / FCF -16.8x -15.8x -22.5x -71.6x 19.9x 32.4x 9.16x 9.34x
FCF Yield -5.96% -6.33% -4.44% -1.4% 5.02% 3.09% 10.9% 10.7%
Dividend per Share 2 - - - - - - 0.0135 -
Rate of return - - - - - - 0.91% -
EPS 2 -0.46 -0.77 -0.37 -0.3 -0.14 0.014 0.0828 0.0863
Distribution rate - - - - - - 16.3% -
Net sales 1 3,345 2,231 4,559 5,492 5,632 6,042 6,610 6,962
EBITDA 1 -1,174 -2,004 195.1 1,145 1,401 1,867 2,283 2,500
EBIT 1 -2,747 -3,658 -1,413 -347.1 -235.7 308.8 742.3 956.8
Net income 1 -2,117 -3,527 -1,697 -1,390 -630 75.74 441.6 410.4
Net Debt 1 5,726 8,185 9,551 10,247 9,635 8,181 6,860 5,903
Reference price 2 3.886 5.051 2.079 2.631 2.480 1.482 1.482 1.482
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 24/03/22 30/03/23 27/03/24 27/03/25 26/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
106.21x2.48x8.02x-.--% 1B
46.4x13.5x23.86x1.27% 27.24B
20.06x3.24x10.03x1.48% 7.2B
14.02x5.94x8.92x6.03% 5.15B
22.89x4.35x11.11x3.21% 5B
146.5x - - 0.34% 4.96B
16.34x6.04x9.98x6.14% 3.86B
26.59x2.59x10.29x5.97% 3.15B
26.47x1.57x5.39x1.92% 3.03B
Average 47.28x 4.96x 10.95x 2.93% 6.73B
Weighted average by Cap. 43.82x 8.67x 16.52x 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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