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China Aircraft Leasing Group Holdings
(1848)
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Rating:53Neutral
Price Target:
HK$3.50
â–¼(-12.28% Downside)
Action:Reiterated
Date:08/04/26
The score is primarily weighed down by financial risk: extremely high leverage and consistently negative free cash flow limit flexibility despite improved recent profitability. Valuation is a key offset (low P/E and high dividend yield), while technical indicators are neutral to slightly weak and do not add meaningful support.
Positive Factors
Recurring lease revenue
The core business of long-term operating aircraft leases creates recurring, contractually backed rental income that is relatively durable over multi-year horizons. This steadier revenue base supports predictable cash inflows and underpins portfolio value during normal cycles, aiding planning and underwriting.
Negative Factors
Extremely high leverage
Debt-to-equity at roughly 9–12x implies very elevated financial leverage, heightening refinancing and interest-rate sensitivity. Such a capital structure limits strategic flexibility, raises default risk in stress, and makes earnings and cashflow vulnerable to funding-cost shifts or weaker lease demand over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring lease revenue
The core business of long-term operating aircraft leases creates recurring, contractually backed rental income that is relatively durable over multi-year horizons. This steadier revenue base supports predictable cash inflows and underpins portfolio value during normal cycles, aiding planning and underwriting.
Read all positive factors
China Aircraft Leasing Group Holdings (1848) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.82B
Dividend Yield8.57%
Average Volume (3M)294.67K
Price to Earnings (P/E)7.5
Beta (1Y)0.84
Revenue Growth-1.71%
EPS Growth38.16%
CountryHK
Employees173
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.50
Shares Outstanding759,344,400
10 Day Avg. Volume455,292
30 Day Avg. Volume294,672
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.81
Price to Sales (P/S)0.79
P/FCF Ratio-0.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.00Price Target Upside50.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.81
Revenue Forecast (FY)HK$5.03B
China Aircraft Leasing Group Holdings Business Overview & Revenue Model
Company Description
China Aircraft Leasing Group Holdings Limited, an investment holding company, provides aircraft leasing services to airline companies in Mainland China and internationally. The company involves in the aircraft leasing, and purchase and leaseback; ...
How the Company Makes Money
The company primarily makes money by purchasing aircraft (often directly from manufacturers or via the secondary market), financing those purchases, and leasing the aircraft to airlines under long-term operating leases. Revenue is mainly generated...
China Aircraft Leasing Group Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.97B | 4.39B | 4.56B | 4.32B | 3.54B | 2.50B |
| Gross Profit | -530.47M | 379.39M | 165.25M | 460.40M | 431.66M | 469.24M |
| EBITDA | 3.42B | 3.44B | 1.77B | 2.11B | 3.49B | 2.87B |
| Net Income | 369.37M | 338.53M | 257.55M | 28.26M | 73.60M | 525.78M |
Balance Sheet | ||||||
| Total Assets | 63.89B | 58.05B | 58.24B | 59.82B | 55.33B | 50.03B |
| Cash, Cash Equivalents and Short-Term Investments | 5.21B | 3.57B | 3.78B | 5.30B | 4.67B | 5.01B |
| Total Debt | 52.08B | 46.85B | 48.58B | 51.36B | 46.75B | 41.99B |
| Total Liabilities | 56.54B | 51.02B | 52.91B | 54.68B | 50.69B | 45.49B |
| Stockholders Equity | 4.59B | 4.29B | 5.33B | 4.33B | 4.67B | 4.57B |
Cash Flow | ||||||
| Free Cash Flow | -11.26B | -14.41B | -6.26B | -7.37B | -9.30B | -5.33B |
| Operating Cash Flow | 1.70B | 13.86M | 3.03B | 3.69B | 1.64B | 660.64M |
| Investing Cash Flow | -4.90B | 716.44M | -394.58M | -3.97B | -6.53B | -3.34B |
| Financing Cash Flow | 3.47B | -1.03B | -4.11B | 2.11B | 2.01B | 1.02B |
China Aircraft Leasing Group Holdings Technical Analysis
Positive
3.99
Price Trends
3.47
Positive
3.52
Positive
3.83
Negative
Market Momentum
0.07
Negative
64.66
Neutral
23.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1848, the sentiment is Positive. The current price of 3.99 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.47, and above the 200-day MA of 3.83, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.66 is Neutral, neither overbought nor oversold. The STOCH value of 23.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1848.
China Aircraft Leasing Group Holdings Peers Comparison
UnderperformOutperform
Sector (63)
HK:1848
China Aircraft Leasing Group Holdings
3.74
-0.76
-16.83%
HK:2588
BOC Aviation
74.45
6.42
9.44%
China Aircraft Leasing Group Holdings Corporate Events
China Aircraft Leasing Sets HKD 0.18 Final Dividend with Scrip Option
Jun 26, 2026
China Aircraft Leasing Group Holdings has declared a final ordinary dividend of HKD 0.18 per share for the financial year ended 31 December 2025, following shareholder approval on 29 May 2026. Shareholders will receive the dividend in cash by defa...
China Aircraft Leasing to Acquire 16 Aircraft via Special Purpose Vehicles
Jun 22, 2026
China Aircraft Leasing Group Holdings has agreed, via two wholly owned special purpose vehicles, to acquire 16 aircraft by purchasing the special purpose vehicles that directly own these assets from a seller linked to CAG. The seller is principall...
China Aircraft Leasing to Sell Airbus A320NEO in Qualified Trading Deal
Jun 5, 2026
China Aircraft Leasing Group Holdings has agreed to sell one Airbus A320NEO aircraft via a wholly owned special purpose vehicle to an independent leasing-focused buyer ultimately owned by China’s State-owned Assets Supervision and Administra...
China Aircraft Leasing to Sell Two Airbus A321neo Jets in Qualified Major Deal
Jun 1, 2026
China Aircraft Leasing Group Holdings has agreed to sell two Airbus A321-271NX aircraft to Global Nippon Network, an independent third party engaged in real estate and aircraft leasing, through a wholly owned special purpose vehicle. Completion o...
China Aircraft Leasing Reshapes Board Committees After Director’s Retirement
May 29, 2026
China Aircraft Leasing Group Holdings has announced changes to the composition of its board committees following its 2026 annual general meeting in Hong Kong. Independent non-executive director Cheok Albert Saychuan retired from the board after no...
China Aircraft Leasing Outlines Board and Committee Structure
May 29, 2026
China Aircraft Leasing Group Holdings has updated its board composition, listing non-executive, executive, and independent non-executive directors, including Chairman An Xuesong and CEO Poon Ho Man. The disclosure clarifies the leadership structur...
China Aircraft Leasing Wins Full Shareholder Backing at AGM, Confirms Board Changes
May 29, 2026
China Aircraft Leasing Group Holdings reported that all resolutions proposed at its 29 May 2026 annual general meeting were approved by shareholders via poll, including the adoption of the 2025 audited financial statements and a final dividend of ...
China Aircraft Leasing to Sell Airbus A321-200 in Portfolio Trade
May 26, 2026
China Aircraft Leasing Group Holdings has agreed to sell one Airbus A321-200 aircraft through a wholly owned special purpose vehicle to an independent Chinese buyer engaged in aircraft and parts trading, leasing, and disassembly. The deal, expecte...
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.