China Eastern Airlines Corporation Limited Class H (HK:0670)
:0670
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China Eastern Airlines Corporation Limited Class H
(0670)
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Rating:45Neutral
Price Target:
HK$4.00
▲(3.09% Upside)
Action:ReiteratedDate:04/09/26
The score is held back primarily by high leverage and continued net losses despite a clear operational recovery, plus weak technical momentum (below key moving averages with negative MACD). Positive operating and free cash flow provide partial support, but a negative P/E and no dividend data limit the valuation case.
Positive Factors
Cash generation
Consistent positive operating cash flow and consecutive free cash flow years provide durable internal funding for operations, reinvestment and gradual balance-sheet repair. This reduces reliance on external financing and supports liquidity through airline cyclicality over the next several months.
Negative Factors
High leverage
A debt-to-equity ratio near 3.6–4.0 leaves limited balance-sheet flexibility in a capital-intensive, cyclical industry. High leverage raises refinancing and interest-rate sensitivity, constraining investment options and increasing downside risk if demand weakens or costs rise over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow and consecutive free cash flow years provide durable internal funding for operations, reinvestment and gradual balance-sheet repair. This reduces reliance on external financing and supports liquidity through airline cyclicality over the next several months.
Read all positive factors
China Eastern Airlines Corporation Limited Class H (0670) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$104.97B
Dividend YieldN/A
Average Volume (3M)14.53M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth5.99%
EPS Growth44.57%
CountryHK
Employees85,168
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,062,772,000
10 Day Avg. Volume22,989,104
30 Day Avg. Volume14,533,891
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.88
Price to Sales (P/S)0.51
P/FCF Ratio4.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.09Price Target Upside-20.43% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)HK$156.88B
China Eastern Airlines Corporation Limited Class H Business Overview & Revenue Model
Company Description
China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers passenger, cargo, mail deliver...
How the Company Makes Money
China Eastern Airlines makes money primarily by selling air transportation services. Its main revenue stream is passenger revenue generated from ticket sales across domestic and international flights (including different cabin classes and fare pro...
China Eastern Airlines Corporation Limited Class H Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
34
Negative
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.94B | 132.12B | 113.74B | 46.11B | 66.89B |
| Gross Profit | 7.29B | 5.62B | 1.28B | -28.49B | -14.94B |
| EBITDA | 31.38B | 24.27B | 18.75B | -16.19B | 7.51B |
| Net Income | -1.63B | -4.23B | -8.17B | -37.39B | -13.28B |
Balance Sheet | |||||
| Total Assets | 291.76B | 276.60B | 282.49B | 285.74B | 288.79B |
| Cash, Cash Equivalents and Short-Term Investments | 7.35B | 4.23B | 12.12B | 17.63B | 13.03B |
| Total Debt | 138.13B | 145.18B | 162.39B | 219.93B | 194.79B |
| Total Liabilities | 252.92B | 235.19B | 241.27B | 255.64B | 231.64B |
| Stockholders Equity | 37.76B | 40.53B | 40.71B | 29.08B | 53.62B |
Cash Flow | |||||
| Free Cash Flow | 17.15B | 20.98B | 7.91B | -16.49B | -5.12B |
| Operating Cash Flow | 37.94B | 37.31B | 26.57B | -6.47B | 5.69B |
| Investing Cash Flow | -10.77B | -11.18B | -16.07B | -7.29B | 2.15B |
| Financing Cash Flow | -24.08B | -33.93B | -16.79B | 18.35B | -2.53B |
China Eastern Airlines Corporation Limited Class H Technical Analysis
Negative
3.88
Price Trends
4.72
Negative
4.90
Negative
4.10
Negative
Market Momentum
-0.18
Negative
44.19
Neutral
56.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0670, the sentiment is Negative. The current price of 3.88 is above the 20-day moving average (MA) of 3.80, below the 50-day MA of 4.72, and below the 200-day MA of 4.10, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 56.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0670.
China Eastern Airlines Corporation Limited Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$71.33B | 7.51 | 19.38% | 5.38% | 11.88% | 10.90% | |
64 Neutral | HK$56.42B | 8.23 | 11.82% | 4.39% | -1.45% | -14.83% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$37.72B | 5.82 | 6.37% | 11.39% | 1.83% | 3.31% | |
47 Neutral | HK$104.20B | 113.91 | 2.45% | ― | 4.68% | ― | |
45 Neutral | HK$104.97B | -43.52 | -4.15% | ― | 5.99% | 44.57% | |
43 Neutral | HK$121.25B | -60.78 | -4.06% | ― | 2.95% | -247.29% |
* Industrials Sector Average
HK:0670
China Eastern Airlines Corporation Limited Class H
3.86
1.54
66.38%
HK:0753
Air China
4.68
-0.11
-2.30%
HK:2588
BOC Aviation
80.70
25.09
45.12%
HK:0293
Cathay Pacific Airways
11.52
3.22
38.88%
HK:0659
NWS Holdings
8.21
2.14
35.14%
HK:1055
China Southern Airlines Company Limited Class H
3.95
0.71
21.91%
China Eastern Airlines Corporation Limited Class H Corporate Events
China Eastern Cuts Share Capital After Completing Buyback and Cancellation
Mar 31, 2026
China Eastern Airlines has amended its Articles of Association to reflect a reduction in registered capital following the completion of a substantial share repurchase and cancellation. The move lowers total share capital from 22.29 billion to 22.0...
China Eastern’s 2025 Revenue Rises but Costs Outpace Gains
Mar 30, 2026
China Eastern Airlines reported its audited consolidated results for the year ended 31 December 2025, showing revenue of RMB 139.94 billion, up from RMB 132.12 billion in 2024. Other operating income and gains also increased, but higher staff cost...
China Eastern Airlines Plans Up to RMB1 Billion A-Share Buyback and Cancellation
Mar 30, 2026
China Eastern Airlines has unveiled a share repurchase and cancellation plan, subject to shareholder approval, aimed at enhancing market capitalization management and optimizing its share capital structure. The program targets the buyback of 100 m...
China Eastern Orders 101 Airbus A320NEO Jets in Major Fleet Expansion
Mar 25, 2026
China Eastern Airlines has agreed to purchase 101 Airbus A320NEO series aircraft from Airbus SAS under a major transaction classified by Hong Kong listing rules, with deliveries scheduled in batches from 2028 to 2032. The deal, priced significantl...
China Eastern Airlines Reports Strong February Traffic Growth and Expands Route Network
Mar 16, 2026
China Eastern Airlines reported solid operational growth for February 2026, with passenger capacity up 12.79% year-on-year, passenger traffic rising 14.68% and the load factor improving to 86.54%. Freight traffic volume also strengthened sharply, ...
China Eastern Sets March Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
China Eastern Airlines Corporation Limited has scheduled a board meeting for March 30, 2026, to review and approve the audited annual results for the financial year ended December 31, 2025. The meeting signals the upcoming release of the airline g...
China Eastern Airlines Posts Higher Load Factor and Cargo Growth in January 2026
Feb 13, 2026
China Eastern Airlines reported that in January 2026 its passenger transportation capacity fell 3.54% year on year, while passenger traffic volume declined 1.03%, lifting the passenger load factor to 85.01%, up 2.16 percentage points. Freight traf...
China Eastern Airlines Restructures Supply-Chain Holdings in Connected RMB199.8 Million Deal
Feb 9, 2026
China Eastern Airlines has approved an internal restructuring involving the transfer of a 49% equity stake in its subsidiary Eastern Supply Chain from wholly owned unit Eastern Import Export to related party Eastern Logistics for about RMB199.85 ...
China Eastern Airlines Forecasts 2025 Return to Profit Despite Shareholder-Level Loss
Jan 30, 2026
China Eastern Airlines expects to return to an overall profit in 2025, projecting total profit of RMB0.2 billion to RMB0.3 billion after a significant loss in 2024, despite forecasting a net loss attributable to shareholders of RMB1.3 billion to R...
China Eastern Unit Shanghai Airlines Sells Catic Building Property in RMB134 Million Connected Deal
Jan 19, 2026
China Eastern Airlines’ wholly owned subsidiary Shanghai Airlines has agreed to sell its property and ancillary equipment in the Catic Building to fellow group company Eastern Air Property for approximately RMB134.29 million, following board...
China Eastern Posts Traffic Growth for December 2025 and Expands Fleet With COMAC Jets
Jan 15, 2026
China Eastern Airlines reported solid operational growth in December 2025, with passenger capacity up 4.93% year-on-year, passenger traffic rising 7.61%, and the passenger load factor improving by 2.14 percentage points to 85.65%, while freight tr...
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.