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Beijing Capital International Airport Co
(0694)
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Rating:46Neutral
Price Target:
HK$1.50
â–¼(-5.06% Downside)
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
Essential airport infrastructure model
Operating a major airport creates a durable infrastructure-based revenue model spanning airline charges, passenger services, and commercial facilities. This diversified exposure can support recurring demand over multiple quarters as flight activity and passenger use recover.
Negative Factors
Persistent operating and net losses
The company has not yet achieved a full earnings turnaround despite revenue recovery and positive EBITDA. Continued EBIT and net losses weaken retained capital, limit resilience, and make sustainable value creation dependent on further improvement in costs and operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential airport infrastructure model
Operating a major airport creates a durable infrastructure-based revenue model spanning airline charges, passenger services, and commercial facilities. This diversified exposure can support recurring demand over multiple quarters as flight activity and passenger use recover.
Read all positive factors
Beijing Capital International Airport Co (0694) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.98B
Dividend Yield5.39%
Average Volume (3M)6.22M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth5.94%
EPS Growth61.47%
CountryHK
Employees1,496
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,879,364,000
10 Day Avg. Volume6,799,600
30 Day Avg. Volume6,224,147
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.88
Price to Sales (P/S)2.07
P/FCF Ratio13.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.07Price Target Upside30.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 ser...
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 fee...
Beijing Capital International Airport Co Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.49B | 5.49B | 4.56B | 2.23B | 3.34B |
| Gross Profit | 257.57M | 1.58B | 640.96M | -2.17B | -643.39M |
| EBITDA | 1.28B | 950.17M | 112.92M | -2.13B | -1.03B |
| Net Income | -613.73M | -1.39B | -1.70B | -3.53B | -2.12B |
Balance Sheet | |||||
| Total Assets | 30.03B | 30.68B | 32.59B | 33.48B | 35.15B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 1.44B | 1.29B | 1.60B | 2.23B |
| Total Debt | 11.44B | 11.67B | 10.83B | 9.78B | 8.01B |
| Total Liabilities | 17.16B | 17.22B | 17.70B | 16.88B | 14.97B |
| Stockholders Equity | 12.86B | 13.46B | 14.89B | 16.60B | 20.17B |
Cash Flow | |||||
| Free Cash Flow | 832.64M | -325.11M | -868.83M | -2.02B | -1.26B |
| Operating Cash Flow | 1.37B | 97.60M | -575.86M | -1.50B | -621.49M |
| Investing Cash Flow | -534.68M | -409.13M | -318.64M | -479.18M | -620.65M |
| Financing Cash Flow | -423.95M | 457.17M | 585.56M | 1.34B | 1.17B |
Beijing Capital International Airport Co Technical Analysis
Negative
1.58
Price Trends
1.63
Negative
1.69
Negative
2.08
Negative
Market Momentum
-0.03
Positive
40.52
Neutral
28.95
Neutral
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 1.58 is below the 20-day moving average (MA) of 1.61, below the 50-day MA of 1.63, and below the 200-day MA of 2.08, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 28.95 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$3.81B | 4.93 | 5.30% | 6.87% | -20.53% | 27.52% | |
70 Outperform | HK$4.79B | 20.02 | 1.37% | 8.94% | 0.54% | -12.72% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$10.43B | 7.30 | 8.03% | 4.85% | -1.79% | 5.78% | |
61 Neutral | HK$5.81B | 9.32 | 4.55% | 7.20% | 9.30% | -17.27% | |
46 Neutral | HK$6.98B | -13.89 | -3.43% | 5.39% | 5.94% | 61.47% | |
44 Neutral | HK$2.50B | -7.76 | -7.26% | 4.20% | -0.35% | -38.48% |
* Industrials Sector Average
HK:0694
Beijing Capital International Airport Co
1.55
-1.26
-44.82%
HK:1052
Yuexiu Transport Infrastructure
3.47
-0.54
-13.55%
HK:0357
Hainan Meilan International Airport Company
5.26
-5.11
-49.28%
HK:0636
KLN Logistics Group Limited
5.77
-1.59
-21.57%
HK:3382
Tianjin Port Development Holdings
0.63
-0.03
-5.12%
HK:0062
Transport International Holdings Limited
8.95
-1.19
-11.77%
Beijing Capital International Airport Co Corporate Events
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 bil...
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 ...
Beijing Capital International Airport Signals Return to Profit on Aviation Recovery
Jul 20, 2026
Beijing Capital International Airport Company Limited has issued a positive profit alert, indicating it expects to report a net profit of approximately RMB10 million to RMB20 million for the six months ended 30 June 2026. This marks a significant ...
Beijing Capital International Airport Re-Elects Employee Director to Upcoming Board
Jun 30, 2026
Beijing Capital International Airport Company Limited has confirmed the re-election of Mr. Liu Jiliang as the employee director for the airport operator’s upcoming tenth board session, following his selection at the employees’ represen...
Beijing Capital International Airport names two new deputy general managers
Jun 24, 2026
Beijing Capital International Airport Company Limited has appointed veteran aviation engineer Wu Zhihui and long-time airport executive Sun Lizhi as deputy general managers effective 24 June 2026. Both bring extensive experience in airport constru...
Beijing Capital International Airport Shareholders Approve 2025 Accounts and No-Dividend Plan at AGM
Jun 17, 2026
Beijing Capital International Airport Co. reported the results of its 2025 annual general meeting, confirming that shareholders representing about 75.78% of the company’s issued share capital with voting rights participated in person or by p...
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.