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Transportation

China Southern Airlines Co. Ltd.

  • 7.52 HKD
  • +0.43
  • +6.06%
  • China
    Apr 20, 2018
  • Ticker
    HKG(1055)
  • Prev. close
    7.09
  • Market cap (HKD)
    103,915M
  • Market cap (USD)
    13,244.30M
  • Shares
    10,088.20M

Company Background

China Southern Airlines is one of the top three Chinese carriers, alongside Air China and China Eastern Airlines. By sales and passenger numbers in 2014, it ranked No. 1.

China Southern in 2014 carried more than 100 million passengers for the first time. As of April 2015, it had 474 aircraft in its fleet.

The airline is based at Guangzhou Baiyun International Airport in Guangzhou, Guangdong Province. It was established in 1995 and listed on the Hong Kong Exchanges and Clearing in 1997.

The airline is expanding internationally. Its strength is in the Asia-Pacific region, flying to popular destinations such as Bangkok and other parts of Southeast Asia, as well as Japan, Australia and New Zealand. Last year, the airline served 1,052 destinations in 177 countries and regions, including code shares.

China Southern's subsidiaries include Xiamen Airlines, Shantou Airlines, Guizhou Airlines, Zhuhai Airlines, Chongqing Airlines and Henan Airlines. It is a member of SkyTeam, an alliance led by U.S. carrier Delta Air Lines.

Business Summary

China Southern Airlines Co. Ltd. engages in the provision of domestic, international, and regional scheduled and unscheduled air transportation of passenger, cargo, mail and baggage, general aviation, and aircraft maintenance. The company operates through the following segments: Airline Transportation Operations, and Other segments. The Airline Transportation Operations segment engages in the passenger and cargo and mail operations. The other segment includes hotel and tour operation, ground services, cargo handling and other miscellaneous services. China Southern Airlines was founded on March 25, 1995 and is headquartered in Guangzhou, China.

Financial Highlights

Dec 2017 HKDUSD
Revenue146,755.67M18,832.17M
Gross Profit17,666.44M2,267.01M
Operating income5,651.27M725.19M
Income before tax9,546.40M1,225.02M
Net income6,819.35M875.08M
EBITDA20,968.88M2,690.79M
Diluted EPS0.690.08
Dividends Per Share----
Total Assets262,638.23M33,597.05M
Total liabilities187,833.68M24,027.94M
Total equity59,274.38M7,582.46M
Operating cash flow20,712.89M2,657.94M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 123,475.52M 136,078.50M 137,154.41M 133,850.51M 146,755.67M
Gross Profit 13,388.09M 16,075.19M 24,173.75M 20,956.75M 17,666.44M
Operating income 285.14M 3,089.68M 12,283.00M 10,123.17M 5,651.27M
Income before tax 3,732.16M 3,387.96M 7,119.65M 8,220.99M 9,546.40M
Net income 2,390.95M 2,231.37M 4,750.13M 5,907.52M 6,819.35M
EBITDA 12,277.77M 16,934.77M 27,099.57M 25,042.71M 20,968.88M
Diluted EPS 0.23 0.22 0.48 0.59 0.69
Dividends Per Share 0.05 0.05 0.09 0.11 --
Total Assets 211,515.39M 237,116.66M 222,290.47M 223,869.06M 262,638.23M
Total liabilities 157,039.72M 181,268.99M 162,528.05M 162,370.45M 187,833.68M
Total equity 43,446.82M 44,170.39M 46,247.16M 47,939.11M 59,274.38M
Operating cash flow 12,275.25M 16,509.38M 28,943.62M 27,800.18M 20,712.89M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 15,918.68M 17,547.91M 17,691.46M 17,243.31M 18,832.17M
Gross Profit 1,726.01M 2,072.96M 3,118.15M 2,699.75M 2,267.01M
Operating income 36.76M 398.42M 1,584.37M 1,304.12M 725.19M
Income before tax 481.15M 436.89M 918.35M 1,059.07M 1,225.02M
Net income 308.24M 287.74M 612.71M 761.03M 875.08M
EBITDA 1,582.87M 2,183.81M 3,495.55M 3,226.13M 2,690.79M
Diluted EPS 0.03 0.02 0.06 0.07 0.08
Dividends Per Share 0.00 0.00 0.01 0.01 --
Total Assets 27,279.11M 30,576.56M 28,682.08M 28,874.59M 33,597.05M
Total liabilities 20,253.39M 23,374.92M 20,970.95M 20,942.51M 24,027.94M
Total equity 5,603.33M 5,695.84M 5,967.25M 6,183.17M 7,582.46M
Operating cash flow 1,582.54M 2,128.95M 3,733.42M 3,581.36M 2,657.94M

Valuation Measures

Dec 2017
PER11.66
ROA2.80%
ROE12.72%
Operating margin3.85%
Profit margin4.64%

Key executives

  • Executive Director, Vice Chairman & President: Wan Geng Tan
  • Chief Financial Officer & Chief Accountant: Li Xin Xiao
  • Executive Director & Vice President: Zi Fang Zhang
  • Chief Economist: Liang Su
  • Chief Operating Officer-Flight Operations: Zheng Rong Zhang

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (34.7%)
  • American Airlines Group, Inc. (8.8%)
  • The Vanguard Group, Inc. (2.1%)
  • Citigroup Global Markets Ltd. (Investment Management) (1.7%)
  • BlackRock Fund Advisors (1.1%)
  • Norges Bank Investment Management (0.8%)
  • AllianceBernstein LP (0.7%)
  • Causeway Capital Management LLC (0.7%)
  • FIL Investment Management (Hong Kong) Ltd. (0.6%)
  • Dimensional Fund Advisors LP (0.4%)

Contact Details

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Competitors

  • China Eastern Airlines Corporation Limited Class H
  • China Airlines Ltd.
  • PAL Holdings, Inc.
  • Cathay Pacific Airways Limited
  • Qantas Airways Limited
  • Eva Airways Corporation
  • PT Garuda Indonesia (Persero) Tbk Class B
  • Malaysian Airline System Bhd.
  • Air China Limited Class H
  • Thai Airways International Public Co. Ltd.
  • Singapore Airlines Ltd.
  • United Continental Holdings, Inc.
  • Deutsche Lufthansa AG
  • Spring Airlines Co., Ltd. Class A
  • Air Canada
Last Updated on 20 Apr, 2018

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