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Beijing Capital International Airport Co (0694) AI Stock Analysis

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HK:0694

Beijing Capital International Airport Co

(HKEX:0694)

Select Model
Rating:46Neutral
Price Target:HKD 1.50â–²(8.70% Upside)
Action:reiterated
Date:08/06/26

The score is held back primarily by incomplete earnings recovery (continued EBIT/net losses) and rising leverage despite improving cash flow. Technicals are modestly supportive in the short term (above 20/50DMA with positive MACD), but weaker longer-term trend positioning (below 100/200DMA) and a negative P/E limit the overall rating.

Positive Factors
Revenue RecoveryThe recovery from the 2022 revenue trough and stabilization at roughly HK$5.5B indicate that the airport’s underlying traffic-linked revenue base has improved. Maintaining this scale supports operating leverage and provides a foundation for further earnings recovery as passenger and flight activity normalize.
Negative Factors
Persistent Net LossesContinued net losses mean the revenue recovery has not yet translated into sustainable bottom-line profitability. The improvement in net margin is encouraging, but the still-negative result limits retained capital generation and indicates that financing, depreciation, interest, or other costs remain substantial.

Beijing Capital International Airport Co (0694) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-50%-40%-30%-20%-10%0%10%20%HK:0694-50.89%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 778.46M
Dividend Yield
―
Average Volume (3M)
5.91M
Price to Earnings (P/E)
-12.3
Beta (1Y)
0.73
Revenue Growth
5.94%
EPS Growth
61.47%
Country
Hong Kong
Employees
1,496
Sector
Industrials
Sector Strength
63
Industry
Airlines, Airports & Air Services

Beijing Capital International Airport Co Business Overview & Revenue Model

Company Description

Beijing Capital International Airport Company Limited oversees and manages both air transport and non-aviation commercial operations at the Beijing Capital Airport in the People's Republic of China. Its aeronautical division provides essential servic...

How the Company Makes Money

The company makes money primarily by charging fees for the use of airport infrastructure and by earning income from commercial activities within the airport. 1) Aeronautical revenue (aviation-related charges): A core revenue stream comes from fees pa...

Beijing Capital International Airport Co Financial Statement Overview

Summary

Financials indicate a recovery but not a full turnaround: revenue has stabilized around ~HK$5.5B (2024–2025) and EBITDA margins are positive (~17%–23%), yet EBIT and net income remain negative (net margin improving from ~-25% in 2024 to ~-11% in 2025). Cash flow improved with positive operating cash flow in 2024–2025 and positive free cash flow in 2025 (~HK$0.83B), but leverage has risen (debt-to-equity up to ~0.89 in 2025) and debt coverage remains low.

Income Statement

28Negative

Balance Sheet

52Neutral

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.61B5.49B5.49B4.56B2.23B3.34B
Gross Profit406.62M257.57M1.58B640.96M-2.17B-643.39M
EBITDA1.52B1.28B1.17B112.92M-2.13B-1.03B
Net Income-441.86M-613.73M-1.39B-1.70B-3.53B-2.12B
Balance Sheet
Total Assets29.12B30.03B30.68B32.59B33.48B35.15B
Cash, Cash Equivalents and Short-Term Investments1.97B1.86B1.44B1.29B1.60B2.23B
Total Debt10.71B11.44B11.67B10.83B9.78B8.01B
Total Liabilities16.25B17.16B17.22B17.70B16.88B14.97B
Stockholders Equity12.88B12.86B13.46B14.89B16.60B20.17B
Cash Flow
Free Cash Flow1.30B832.64M-325.11M-868.83M-2.02B-1.26B
Operating Cash Flow1.80B1.37B97.60M-575.86M-1.50B-621.49M
Investing Cash Flow-490.81M-534.68M-409.13M-318.64M-479.18M-620.65M
Financing Cash Flow-2.07B-423.95M457.17M585.56M1.34B1.17B

Beijing Capital International Airport Co Technical Analysis

Technical Analysis SentimentNegative
Last Price1.38

Price Trends

50DMA1.48Negative
100DMA1.55Negative
200DMA1.84Negative

Market Momentum

MACD-0.03Negative
RSI44.05Neutral
STOCH67.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0694, the sentiment is Negative. The current price of 1.38 is below the 20-day moving average (MA) of 1.38, below the 50-day MA of 1.48, and below the 200-day MA of 1.84, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.05 is Neutral, neither overbought nor oversold. The STOCH value of 67.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0694.

Beijing Capital International Airport Co Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:0694 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:3382HK:338278OutperformHKD 3.72B4.735.30%7.16%-20.53%27.52%
HK:0062HK:006266NeutralHKD 4.54B18.921.37%9.46%0.54%-12.72%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0636HK:063663NeutralHKD 10.00B7.018.03%5.05%-1.79%5.78%
HK:1052HK:105261NeutralHKD 5.48B8.724.55%7.62%9.30%-17.27%
HK:0694HK:069446NeutralHKD 6.32B-12.28-3.43%―5.94%61.47%
HK:0357HK:035734UnderperformHKD 1.69B-5.23-7.26%―-0.35%-38.48%

* Industrials Sector Average

Performance Comparison

-60%-40%-20%0%HK:0694HK:1052HK:0357HK:0636HK:3382HK:0062Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0694 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0694Beijing Capital International Airport Co Class H1.38-1.41-50.54%
HK:1052Yuexiu Transport Infrastructure 3.27-0.73-18.13%
HK:0357Hainan Meilan International Airport Company Limited Class H3.58-7.00-66.16%
HK:0636KLN Logistics Group Limited5.54-1.19-17.72%
HK:3382Tianjin Port Development Holdings 0.60-0.06-8.89%
HK:0062Transport International Holdings Limited8.46-1.71-16.83%

Beijing Capital International Airport Co Corporate Events

Beijing Capital Airport posts unaudited nine-month results tied to RMB1.5bn note

Oct 30, 2026

Beijing Capital International Airport Company Limited has disclosed unaudited quarterly financial results for the nine months ended 30 September 2026, prepared under PRC Accounting Standards for Business Enterprises. The release follows its earlier i...

Beijing Capital Airport Secures New Connected Energy Services Deal

Oct 14, 2026

Beijing Capital International Airport Co has signed a new Supply of Miscellaneous Energy Services Agreement with its connected energy service providers to secure energy supply, management, and conservation services at Beijing Capital Airport from 1 J...

Beijing Capital Airport Extends Connected Property Services Deal to 2029

Sep 30, 2026

Beijing Capital International Airport Co has signed a new Supply of Miscellaneous Property Services Agreement with its parent’s wholly owned Property Management Company, extending the provision of various property services at Beijing Capital Ai...

Beijing Capital Airport Renews Connected Energy Services Deal for 2027–2029

Sep 29, 2026

Beijing Capital International Airport Co has renewed its arrangement for the operation and maintenance of power and energy facilities at Beijing Capital Airport, signing a new Power and Energy O&M Services Framework Agreement with a related Power...

Beijing Capital Airport Cuts Vending Lease Fees in Revised Connected Deal

Sep 24, 2026

Beijing Capital International Airport Co has amended its existing leasing arrangement with BACT, a wholly owned subsidiary of its controlling shareholder, for self-service food and beverage vending machines at Beijing Capital Airport. The supplementa...

Beijing Capital Airport Renews Asset Management Deal With Controlling Shareholder

Sep 24, 2026

Beijing Capital International Airport Co has signed a new Entrusted Assets Management Agreement with its controlling shareholder, the Parent Company, to continue managing designated airport-related assets. The three-year agreement, effective from 1 O...

Beijing Capital Airport Returns to Profit on Higher Traffic and Lower Costs

Aug 26, 2026

Beijing Capital International Airport Company Limited reported mixed traffic dynamics in the first half of 2026, with aircraft movements edging down 0.3% while passenger throughput rose 4.7% to 35.8 million and cargo and mail volumes increased 1.1%....

Beijing Capital Airport Raises RMB1.5 Billion in First Tranche of Medium-Term Notes

Aug 24, 2026

Beijing Capital International Airport Co. has issued its first tranche of medium-term notes in the domestic interbank market, following approval from the National Association of Financial Market Institutional Investors. The issue totals RMB1.5 billio...

Beijing Capital International Airport Sets Board Meeting to Review Interim Results and Dividend Plan

Aug 14, 2026

Beijing Capital International Airport Company Limited has scheduled a board meeting for 26 August 2026 to review its interim results for the six months ended 30 June 2026. The meeting will assess the company’s financial performance over the fir...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026