Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Xiamen International AirportLtd

SHSE:600897
Snowflake Description

6 star dividend payer with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600897
SHSE
CN¥5B
Market Cap
  1. Home
  2. CN
  3. Transportation
Company description

Xiamen International Airport Co.,Ltd engages in the airport operations in the China. The last earnings update was 165 days ago. More info.


Add to Portfolio Compare Print
  • Xiamen International AirportLtd has significant price volatility in the past 3 months.
600897 Share Price and Events
7 Day Returns
3.8%
SHSE:600897
0.8%
CN Infrastructure
1.6%
CN Market
1 Year Returns
-25.9%
SHSE:600897
-27.6%
CN Infrastructure
-8.9%
CN Market
600897 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xiamen International AirportLtd (600897) 3.8% -9.5% -19.4% -25.9% -28.6% -38.2%
CN Infrastructure 0.8% -9.6% -18.6% -27.6% -27.7% -38.1%
CN Market 1.6% -10.6% -7.3% -8.9% -15.5% -28%
1 Year Return vs Industry and Market
  • 600897 outperformed the Infrastructure industry which returned -27.6% over the past year.
  • 600897 underperformed the Market in China which returned -8.9% over the past year.
Price Volatility
600897
Industry
5yr Volatility vs Market

600897 Value

 Is Xiamen International AirportLtd undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Xiamen International AirportLtd to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Xiamen International AirportLtd.

SHSE:600897 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SHSE:600897
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 25%) (0%))
0.795
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.8 * 6.33%)
8.26%

Discounted Cash Flow Calculation for SHSE:600897 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xiamen International AirportLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SHSE:600897 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.26%)
2020 326.80 Est @ -9.63% 301.85
2021 307.91 Est @ -5.78% 262.70
2022 298.41 Est @ -3.09% 235.16
2023 294.83 Est @ -1.2% 214.60
2024 295.18 Est @ 0.12% 198.46
2025 298.26 Est @ 1.04% 185.22
2026 303.31 Est @ 1.69% 173.98
2027 309.81 Est @ 2.14% 164.14
2028 317.43 Est @ 2.46% 155.34
2029 325.95 Est @ 2.68% 147.33
Present value of next 10 years cash flows CN¥2,038.00
SHSE:600897 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥325.95 × (1 + 3.2%) ÷ (8.26% – 3.2%)
CN¥6,642.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥6,642.50 ÷ (1 + 8.26%)10
CN¥3,002.56
SHSE:600897 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,038.00 + CN¥3,002.56
CN¥5,040.56
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,040.56 / 297.81
CN¥16.93
SHSE:600897 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥16.93
Current discount Discount to share price of CN¥18.08
= -1 x (CN¥18.08 - CN¥16.93) / CN¥16.93
-6.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Xiamen International AirportLtd is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xiamen International AirportLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xiamen International AirportLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:600897 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥1.76
SHSE:600897 Share Price ** SHSE (2020-04-07) in CNY CN¥18.08
China Infrastructure Industry PE Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 13.76x
China Market PE Ratio Median Figure of 3,200 Publicly-Listed Companies 32.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xiamen International AirportLtd.

SHSE:600897 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600897 Share Price ÷ EPS (both in CNY)

= 18.08 ÷ 1.76

10.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiamen International AirportLtd is good value based on earnings compared to the CN Infrastructure industry average.
  • Xiamen International AirportLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Xiamen International AirportLtd's expected growth come at a high price?
Raw Data
SHSE:600897 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-2.3%per year
China Infrastructure Industry PEG Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 1.15x
China Market PEG Ratio Median Figure of 1,274 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

SHSE:600897 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.28x ÷ -2.3%

-4.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiamen International AirportLtd earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xiamen International AirportLtd's assets?
Raw Data
SHSE:600897 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥12.15
SHSE:600897 Share Price * SHSE (2020-04-07) in CNY CN¥18.08
China Infrastructure Industry PB Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 0.95x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
SHSE:600897 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600897 Share Price ÷ Book Value per Share (both in CNY)

= 18.08 ÷ 12.15

1.49x

* Primary Listing of Xiamen International AirportLtd.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xiamen International AirportLtd is overvalued based on assets compared to the CN Infrastructure industry average.
X
Value checks
We assess Xiamen International AirportLtd's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Xiamen International AirportLtd has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

600897 Future Performance

 How is Xiamen International AirportLtd expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xiamen International AirportLtd expected to grow at an attractive rate?
  • Xiamen International AirportLtd's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Xiamen International AirportLtd's earnings are expected to decrease over the next 1-3 years, this is below the China market average.
  • Xiamen International AirportLtd's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SHSE:600897 Future Growth Rates Data Sources
Data Point Source Value (per year)
SHSE:600897 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -2.3%
SHSE:600897 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.2%
China Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
China Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
China Market Earnings Growth Rate Market Cap Weighted Average 20.8%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SHSE:600897 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:600897 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,955 811 486 3
2020-12-31 1,860 791 447 3
2020-04-07
2019-12-31 1,842 743 490 3
SHSE:600897 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 1,790 818 524
2019-06-30 1,799 853 515
2019-03-31 1,794 955 513
2018-12-31 1,777 858 506
2018-09-30 1,765 876 462
2018-06-30 1,725 705 441
2018-03-31 1,696 666 421
2017-12-31 1,660 594 411
2017-09-30 1,604 568 403
2017-06-30 1,577 617 406
2017-03-31 1,530 580 398
2016-12-31 1,511 689 399

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xiamen International AirportLtd's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Xiamen International AirportLtd's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SHSE:600897 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Xiamen International AirportLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600897 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.75 1.98 1.30 3.00
2020-12-31 1.63 1.88 1.13 3.00
2020-04-07
2019-12-31 1.70 1.80 1.51 3.00
SHSE:600897 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 1.76
2019-06-30 1.73
2019-03-31 1.72
2018-12-31 1.70
2018-09-30 1.55
2018-06-30 1.48
2018-03-31 1.41
2017-12-31 1.38
2017-09-30 1.35
2017-06-30 1.36
2017-03-31 1.34
2016-12-31 1.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Xiamen International AirportLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xiamen International AirportLtd's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xiamen International AirportLtd has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

600897 Past Performance

  How has Xiamen International AirportLtd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xiamen International AirportLtd's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xiamen International AirportLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Xiamen International AirportLtd's 1-year earnings growth exceeds its 5-year average (13.3% vs 3.9%)
  • Xiamen International AirportLtd's earnings growth has exceeded the CN Infrastructure industry average in the past year (13.3% vs 13%).
Earnings and Revenue History
Xiamen International AirportLtd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xiamen International AirportLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600897 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,790.24 523.60 50.27
2019-06-30 1,798.86 514.74 46.99
2019-03-31 1,793.84 512.54 43.87
2018-12-31 1,777.16 505.66 44.73
2018-09-30 1,765.01 462.30 57.43
2018-06-30 1,725.14 440.72 54.13
2018-03-31 1,696.02 420.80 58.67
2017-12-31 1,660.06 410.80 57.80
2017-09-30 1,603.61 402.51 37.27
2017-06-30 1,577.32 406.48 50.23
2017-03-31 1,529.76 398.33 44.39
2016-12-31 1,510.59 398.53 47.24
2016-09-30 1,485.98 398.65 44.24
2016-06-30 1,417.10 383.27 43.96
2016-03-31 1,451.63 381.07 45.43
2015-12-31 1,424.38 369.52 45.95
2015-09-30 1,403.78 391.66 56.67
2015-06-30 1,429.73 419.85 60.61
2015-03-31 1,371.95 435.24 68.14
2014-12-31 1,352.50 458.25 71.29
2014-09-30 1,333.22 473.54 67.09
2014-06-30 1,323.84 470.98 67.86
2014-03-31 1,288.03 457.50 63.95
2013-12-31 1,254.14 440.02 61.78
2013-09-30 1,236.60 427.53 63.47
2013-06-30 1,187.90 410.94 58.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Xiamen International AirportLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xiamen International AirportLtd used its assets more efficiently than the CN Infrastructure industry average last year based on Return on Assets.
  • Xiamen International AirportLtd has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xiamen International AirportLtd's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xiamen International AirportLtd has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

600897 Health

 How is Xiamen International AirportLtd's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xiamen International AirportLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xiamen International AirportLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xiamen International AirportLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xiamen International AirportLtd's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -239.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xiamen International AirportLtd Company Filings, last reported 6 months ago.

SHSE:600897 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,835.93 0.00 422.67
2019-06-30 3,693.83 0.00 871.35
2019-03-31 3,927.76 0.00 375.49
2018-12-31 3,804.44 0.00 1,067.63
2018-09-30 3,709.92 0.00 389.95
2018-06-30
2018-03-31 3,741.77 0.00 140.81
2017-12-31 3,625.61 0.00 590.81
2017-09-30 3,541.23 0.00 35.38
2017-06-30 3,431.71 0.00 717.21
2017-03-31 3,607.00 0.00 143.67
2016-12-31 3,500.58 0.00 539.35
2016-09-30 3,425.95 0.00 196.32
2016-06-30 3,313.34 0.00 934.78
2016-03-31 3,310.43 0.00 133.63
2015-12-31 3,205.80 0.00 792.70
2015-09-30 3,143.60 0.00 113.30
2015-06-30 3,046.48 0.00 487.58
2015-03-31 3,073.10 0.00 299.49
2014-12-31 2,979.14 0.00 548.30
2014-09-30 2,994.15 0.00 968.53
2014-06-30 2,867.74 0.00 1,335.64
2014-03-31 2,870.29 0.00 1,256.18
2013-12-31 2,761.18 0.00 1,277.96
2013-09-30 2,638.75 0.00 680.05
2013-06-30 2,515.71 0.00 1,023.86
  • Unable to establish if Xiamen International AirportLtd's level of debt is high without past debt data.
  • Unable to establish if Xiamen International AirportLtd's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Xiamen International AirportLtd has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Xiamen International AirportLtd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xiamen International AirportLtd has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

600897 Dividends

 What is Xiamen International AirportLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.08%
Current annual income from Xiamen International AirportLtd dividends. Estimated to be 3.55% next year.
If you bought CN¥2,000 of Xiamen International AirportLtd shares you are expected to receive CN¥142 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Xiamen International AirportLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Xiamen International AirportLtd's dividend is above the markets top 25% of dividend payers in China (2.03%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:600897 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
China Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 2.5%
China Market Average Dividend Yield Market Cap Weighted Average of 2587 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SHSE:600897 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.66 3.00
2020-12-31 0.62 3.00
2020-04-07
2019-12-31 0.65 3.00
SHSE:600897 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-20 1.280 6.011
2018-07-06 1.040 4.827
2017-07-06 1.010 4.462
2016-06-17 0.380 1.650
2015-06-11 0.470 2.220
2014-06-12 0.450 2.167
2013-04-26 0.390 2.799
2013-04-18 0.390 2.974
2012-04-23 0.100 0.768
2011-05-16 0.090 0.665
2010-04-01 0.080 0.484
2009-04-28 0.060 0.347

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Xiamen International AirportLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Xiamen International AirportLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xiamen International AirportLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xiamen International AirportLtd has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

600897 Management

 What is the CEO of Xiamen International AirportLtd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Li Shun Zhang
AGE 45
CEO Bio

Mr. Li Shun Zhang serves as General Manager at Xiamen International Airport Co., Ltd. Mr. Zhang served as Deputy General Manager of Xiamen International Air Cargo Terminal Co., Ltd. He served as Deputy General Manager and General Manager of Integration Management Department of IPORT Group. He serves as a Director at Xiamen International Airport Co., Ltd.

CEO Compensation
  • Insufficient data for Li Shun to compare compensation growth.
  • Insufficient data for Li Shun to establish whether their remuneration is reasonable compared to companies of similar size in China.
Management Team

Jin Chen

TITLE
Financial Manager

Zhao Zhu

TITLE
Deputy General Manager and Secretary of the Board
COMPENSATION
CN¥565K
AGE
44

Wei Ping Gu

TITLE
Deputy General Manager
COMPENSATION
CN¥259K
AGE
59

Chou Liu Fan

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥106K
AGE
52

Shuang Lin

TITLE
Deputy General Manager
COMPENSATION
CN¥348K

Ji Chen

TITLE
Deputy General Manager

Hui Wu

TITLE
Deputy General Manager

Li Shun Zhang

TITLE
General Manager and Director
AGE
45
Board of Directors

Bin Chen

TITLE
Chairman
AGE
55

Chou Liu Fan

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥106K
AGE
52

Li Shun Zhang

TITLE
General Manager and Director
AGE
45

Hongzhe Fang

TITLE
Chairman of the Board of Supervisors
AGE
46

Jin Qun Qian

TITLE
Director
AGE
53

Xueshi Zheng

TITLE
Independent Director
COMPENSATION
CN¥60K
AGE
63
TENURE
5.3 yrs

Ti Tang Wang

TITLE
Director
AGE
60

Xiao Ming Liu

TITLE
Director
AGE
59

Jin Zheng

TITLE
Director
AGE
47

Zhao Wen Zeng

TITLE
Independent Director
COMPENSATION
CN¥20K
AGE
52
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Xiamen International AirportLtd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xiamen International AirportLtd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

600897 News

Simply Wall St News

600897 Company Info

Description

Xiamen International Airport Co.,Ltd engages in the airport operations in the China. The company’s route network covers various cities in Mainland China, Hong Kong, Macao, and Taiwan connecting Southeast Asia, Northeast Asia, Europe, the United States, and Australia. It also provides air cargo terminal, office leasing, automobile, aviation, logistics, e-commerce, bidding agency, advertising media services, etc.; and resident units, including government and civil aviation stations. The company operates 40 airlines, including 25 domestic airlines and 15 overseas airlines. Its airport operates in 109 cities that include 83 domestic, 20 international, and 6 regional; and 182 domestic and international routes, which comprise 145 domestic routes, and 37 international and regional routes. The company was founded in 1983 and is based in Xiamen, China. Xiamen International Airport Co.,Ltd is a subsidiary of Xiamen Iport Group Co., Ltd.

Details
Name: Xiamen International Airport Co.,Ltd
600897
Exchange: SHSE
Founded: 1983
CN¥5,384,404,800
297,810,000
Website: http://www.xiamenairport.com.cn
Address: Xiamen International Airport Co.,Ltd
Xiamen Airport,
1st Floor,
Xiamen,
Fujian Province, 361006,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600897 A Shares Shanghai Stock Exchange CN CNY 23. Sep 1996
XSSC 600897 A Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 23. Sep 1996
Number of employees
Current staff
Staff numbers
3,287
Xiamen International AirportLtd employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 14:59
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.