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CHINA SOUTHERN AIR-SPONS ADR (ZNH) Stock Fundamental Analysis

USA - NYSE:ZNH - US1694091091 - ADR

33.08 USD
+0.02 (+0.06%)
Last: 2/2/2023, 8:04:00 PM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to ZNH. ZNH was compared to 21 industry peers in the Passenger Airlines industry. ZNH has a bad profitability rating. Also its financial health evaluation is rather negative. ZNH is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

ZNH had negative earnings in the past year.
In the past year ZNH had a positive cash flow from operations.
ZNH Yearly Net Income VS EBIT VS OCF VS FCFZNH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 10B -10B 20B 30B

1.2 Ratios

The profitability ratios for ZNH are negative, so there is not much use analyzing them.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ZNH Yearly ROA, ROE, ROICZNH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 5 -5 10 -10 -15

1.3 Margins

ZNH does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ZNH Yearly Profit, Operating, Gross MarginsZNH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 5 -5 10 -10 15

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2. Health

2.1 Basic Checks

ZNH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ZNH has more shares outstanding
Compared to 1 year ago, ZNH has a worse debt to assets ratio.
ZNH Yearly Shares OutstandingZNH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 100M 200M 300M
ZNH Yearly Total Debt VS Total AssetsZNH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 100B 200B 300B

2.2 Solvency

Based on the Altman-Z score of -0.12, we must say that ZNH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ZNH (-0.12) is worse than 65.22% of its industry peers.
A Debt/Equity ratio of 2.23 is on the high side and indicates that ZNH has dependencies on debt financing.
ZNH has a Debt to Equity ratio (2.23) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 2.23
Debt/FCF N/A
Altman-Z -0.12
ROIC/WACCN/A
WACC7.75%
ZNH Yearly LT Debt VS Equity VS FCFZNH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 0 50B 100B

2.3 Liquidity

A Current Ratio of 0.25 indicates that ZNH may have some problems paying its short term obligations.
ZNH's Current ratio of 0.25 is on the low side compared to the rest of the industry. ZNH is outperformed by 86.96% of its industry peers.
A Quick Ratio of 0.23 indicates that ZNH may have some problems paying its short term obligations.
ZNH has a Quick ratio of 0.23. This is amonst the worse of the industry: ZNH underperforms 86.96% of its industry peers.
Industry RankSector Rank
Current Ratio 0.25
Quick Ratio 0.23
ZNH Yearly Current Assets VS Current LiabilitesZNH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 20B 40B 60B 80B 100B

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3. Growth

3.1 Past

ZNH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.64%, which is quite impressive.
ZNH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.73%.
ZNH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.41% yearly.
EPS 1Y (TTM)37.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-326.14%
Revenue 1Y (TTM)-11.73%
Revenue growth 3Y-10.88%
Revenue growth 5Y-2.41%
Sales Q2Q%9.01%

3.2 Future

Based on estimates for the next years, ZNH will show a very strong growth in Earnings Per Share. The EPS will grow by 37.19% on average per year.
Based on estimates for the next years, ZNH will show a quite strong growth in Revenue. The Revenue will grow by 19.70% on average per year.
EPS Next Y-67.27%
EPS Next 2Y45.13%
EPS Next 3Y37.19%
EPS Next 5YN/A
Revenue Next Year-10.62%
Revenue Next 2Y18.55%
Revenue Next 3Y19.7%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ZNH Yearly Revenue VS EstimatesZNH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B
ZNH Yearly EPS VS EstimatesZNH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for ZNH. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 59.92, which means the current valuation is very expensive for ZNH.
ZNH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ZNH is more expensive than 65.22% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.35. ZNH is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 59.92
ZNH Price Earnings VS Forward Price EarningsZNH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ZNH Per share dataZNH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

ZNH's earnings are expected to grow with 37.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.13%
EPS Next 3Y37.19%

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0

5. Dividend

5.1 Amount

ZNH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CHINA SOUTHERN AIR-SPONS ADR

NYSE:ZNH (2/2/2023, 8:04:00 PM)

33.08

+0.02 (+0.06%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)08-30 2022-08-30/dmh
Earnings (Next)03-30 2023-03-30/amc
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap11.99B
Revenue(TTM)93.31B
Net Income(TTM)-23571000000
Analysts75
Price Target36.36 (9.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP-24.66%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.21%
Min EPS beat(2)11.21%
Max EPS beat(2)11.21%
EPS beat(4)2
Avg EPS beat(4)-14.54%
Min EPS beat(4)-62.02%
Max EPS beat(4)11.21%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)22.13%
Min Revenue beat(2)4.82%
Max Revenue beat(2)39.44%
Revenue beat(4)3
Avg Revenue beat(4)12.18%
Min Revenue beat(4)-6.11%
Max Revenue beat(4)39.44%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.04%
PT rev (3m)26.58%
EPS NQ rev (1m)23.58%
EPS NQ rev (3m)23.58%
EPS NY rev (1m)4.43%
EPS NY rev (3m)-18.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.5%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 59.92
P/S 0.88
P/FCF N/A
P/OCF 10.87
P/B 1.58
P/tB 1.81
EV/EBITDA N/A
EPS(TTM)-5.19
EYN/A
EPS(NY)0.55
Fwd EY1.67%
FCF(TTM)-1.24
FCFYN/A
OCF(TTM)3.04
OCFY9.2%
SpS37.79
BVpS20.89
TBVpS18.3
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 2.23
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.25
Quick Ratio 0.23
Altman-Z -0.12
F-Score3
WACC7.75%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.64%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-326.14%
EPS Next Y-67.27%
EPS Next 2Y45.13%
EPS Next 3Y37.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.73%
Revenue growth 3Y-10.88%
Revenue growth 5Y-2.41%
Sales Q2Q%9.01%
Revenue Next Year-10.62%
Revenue Next 2Y18.55%
Revenue Next 3Y19.7%
Revenue Next 5YN/A
EBIT growth 1Y-266.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year65.02%
EBIT Next 3Y76.23%
EBIT Next 5YN/A
FCF growth 1Y-130.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-56.63%
OCF growth 3Y-11.95%
OCF growth 5Y-12.71%

CHINA SOUTHERN AIR-SPONS ADR / ZNH FAQ

Can you provide the ChartMill fundamental rating for CHINA SOUTHERN AIR-SPONS ADR?

ChartMill assigns a fundamental rating of 2 / 10 to ZNH.


Can you provide the valuation status for CHINA SOUTHERN AIR-SPONS ADR?

ChartMill assigns a valuation rating of 2 / 10 to CHINA SOUTHERN AIR-SPONS ADR (ZNH). This can be considered as Overvalued.


Can you provide the profitability details for CHINA SOUTHERN AIR-SPONS ADR?

CHINA SOUTHERN AIR-SPONS ADR (ZNH) has a profitability rating of 1 / 10.


How sustainable is the dividend of CHINA SOUTHERN AIR-SPONS ADR (ZNH) stock?

The dividend rating of CHINA SOUTHERN AIR-SPONS ADR (ZNH) is 0 / 10 and the dividend payout ratio is -24.66%.