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BOC Aviation (2588) AI Stock Analysis
BOC Aviation
(HKEX:2588)
The score is driven primarily by adequate but risk-constrained financial performance, with high leverage and volatile free cash flow offsetting solid revenue/profitability trends. Valuation is a meaningful positive due to the low P/E and strong dividend yield. Technicals add moderate support as the stock trades above key moving averages with mild positive momentum.
BOC Aviation (2588) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 5.80B
- Dividend Yield
- 5.35%
- Average Volume (3M)
- 944.82K
- Price to Earnings (P/E)
- 7.9
- Beta (1Y)
- 0.31
- Revenue Growth
- -1.72%
- EPS Growth
- -0.06%
- Country
- Hong Kong
- Employees
- 216
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Rental & Leasing Services
BOC Aviation Business Overview & Revenue Model
Company Description
BOC Aviation Limited, along with its affiliated entities, functions worldwide as a company specializing in the operating lease of aircraft. It delivers a comprehensive array of services to airlines and aircraft owners, which include direct operating...
How the Company Makes Money
BOC Aviation primarily makes money through aircraft leasing and related asset management activities: 1) Lease rental income (core revenue stream) - The company buys aircraft (often directly from manufacturers) and leases them to airlines under operat...
BOC Aviation Financial Statement Overview
Summary
Income statement strength (73) is supported by steady mid-single-digit revenue growth and generally solid profitability, but earnings were uneven with sharp compression in 2022. Balance sheet quality (54) is constrained by high leverage (debt well above equity), increasing sensitivity to funding costs. Cash flow quality (46) is the biggest drag due to volatile and often negative free cash flow despite consistently positive operating cash flow.
Income Statement
73PositiveBalance Sheet
54NeutralCash Flow
46Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.39B | 2.41B | 2.20B | 2.07B | 1.92B | 2.04B |
| Gross Profit | 1.58B | 843.93M | 591.94M | 548.89M | 1.92B | 696.06M |
| EBITDA | 2.31B | 2.15B | 1.37B | 1.35B | 1.90B | 1.92B |
| Net Income | 801.58M | 787.25M | 923.59M | 763.90M | 20.06M | 561.32M |
Balance Sheet | ||||||
| Total Assets | 27.81B | 26.33B | 25.05B | 24.17B | 22.07B | 23.88B |
| Cash, Cash Equivalents and Short-Term Investments | 318.71M | 399.74M | 671.33M | 391.82M | 391.91M | 487.61M |
| Total Debt | 18.45B | 17.16B | 16.59B | 16.53B | 15.14B | 16.72B |
| Total Liabilities | 20.78B | 19.49B | 18.69B | 18.42B | 16.87B | 18.61B |
| Stockholders Equity | 7.03B | 6.84B | 6.36B | 5.75B | 5.20B | 5.27B |
Cash Flow | ||||||
| Free Cash Flow | -2.60B | -2.07B | 94.42M | -1.36B | 800.56M | -319.98M |
| Operating Cash Flow | 2.02B | 2.18B | 2.57B | 2.28B | 2.01B | 1.80B |
| Investing Cash Flow | -3.44B | -2.70B | -1.29B | -2.80B | 193.04M | -1.06B |
| Financing Cash Flow | 1.21B | 249.12M | -1.00B | 518.72M | -2.29B | -671.68M |
BOC Aviation Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2588, the sentiment is Positive. The current price of 71.15 is above the 20-day moving average (MA) of 68.87, above the 50-day MA of 70.47, and below the 200-day MA of 75.05, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 58.85 is Neutral, neither overbought nor oversold. The STOCH value of 70.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2588.
BOC Aviation Peers Comparison
Overall Rating
- HK:258866Neutral
HK:184850Neutral
Financial Indicators
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2588 | BOC Aviation | 71.15 | 6.12 | 9.42% | |
| HK:1848 | China Aircraft Leasing Group Holdings | 3.35 | -0.82 | -19.76% |
BOC Aviation Corporate Events
BOC Aviation Expands Modern Fleet and Orderbook as Cash Collections Stay Strong
BOC Aviation reported that its total portfolio reached 812 aircraft and engines as of 30 September 2026, including 478 owned assets, 11 managed aircraft and 323 on order, with a strong orderbook heavily weighted toward Airbus A320neo and Boeing 737 M...
BOC Aviation Sets HKD Exchange Rate for Interim Dividend
BOC Aviation Limited announced the exchange rate for its interim cash dividend for the six months ended 30 June 2026, setting the payout at USD 0.1799 per share, equivalent to HKD 1.4116 per share based on an exchange rate of USD 1 to HKD 7.8467. The...
BOC Aviation Sets HK$1.4116 Interim Dividend Per Share After FX Fix
BOC Aviation has set the Hong Kong dollar amount for its previously declared interim dividend of US$0.1799 per share for the six months ended 30 June 2026. Using a weighted average exchange rate of US$1 to HK$7.8467 based on purchases made on 5 Octob...
BOC Aviation to Buy 12 Airbus A320NEO Jets for Long‑Term Leases to Avianca
BOC Aviation has agreed to purchase twelve Airbus A320NEO aircraft from Airbus, with deliveries scheduled for 2029, and will place them on long‑term leases with Colombian carrier Avianca. The transaction, classified as part of the company’...
BOC Aviation Updates Global Medium Term Note Programme on SGX
BOC Aviation has updated its Global Medium Term Note Programme through a supplemental offering circular filed on the Singapore Exchange, signalling continued reliance on debt capital markets to fund its aircraft leasing operations and maintain financ...
BOC Aviation Reshuffles Board Committee Roles to Bolster Governance
BOC Aviation Limited has reshuffled its board committee memberships, effective 20 August 2026, as part of its corporate governance framework. Non-executive director Jin Yan has moved from the audit committee to the nomination committee, while indepen...
BOC Aviation Updates Board and Committee Structure
BOC Aviation has announced the current composition of its board of directors, confirming the mix of executive, non-executive and independent non-executive members who oversee the aircraft lessor’s governance. The chairman, chief executive offic...
BOC Aviation Delivers Higher Interim Profit and Dividend on Record Lease Rental Income
BOC Aviation reported a 4% year-on-year rise in total revenues and other income to US$1.297 billion for the six months ended 30 June 2026, with net profit after tax increasing 4% to US$357 million and earnings per share reaching US$0.51. The lessor g...
BOC Aviation Declares Interim Dividend for First Half of 2026
BOC Aviation has declared an interim ordinary cash dividend of USD 0.1799 per share for the six months ended 30 June 2026, reflecting its semi-annual distribution policy for the 2026 financial year. The dividend will be paid in Hong Kong dollars, wit...
BOC Aviation Sets August Board Meeting to Review Interim Results and Dividend
BOC Aviation has scheduled a board meeting for 20 August 2026 to review and approve its unaudited consolidated financial statements for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend and address...
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 04, 2026