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:44Neutral
Price Target:
HK$3.50
▼(-9.79% Downside)
Action:Reiterated
Date:06/16/26
The score is primarily held back by weak and inconsistent profitability alongside very high leverage, despite improved revenue and comparatively stronger operating/free cash flow. Technicals are also soft with price below key moving averages and a negative MACD. A high P/E and lack of dividend yield further reduce support from valuation.
Positive Factors
Operating cash generation
Consistent positive operating cash flow since 2023 and recent positive free cash flow indicate the business can generate internal funding to support operations, service obligations and selective reinvestment. That resilience versus reported earnings is a durable buffer through airline cycles.
Negative Factors
Very high leverage
Debt-to-equity in the ~3.6–4.8 range materially limits financial flexibility. High leverage raises refinancing and interest-rate sensitivity, constrains capital allocation, and increases vulnerability to demand or fuel shocks, reducing resilience during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Consistent positive operating cash flow since 2023 and recent positive free cash flow indicate the business can generate internal funding to support operations, service obligations and selective reinvestment. That resilience versus reported earnings is a durable buffer through airline cycles.
Read all positive factors
China Eastern Airlines Corporation Limited Class H (0670) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$96.66B
Dividend YieldN/A
Average Volume (3M)14.53M
Price to Earnings (P/E)91.6
Beta (1Y)0.83
Revenue Growth5.99%
EPS Growth44.57%
CountryHK
Employees85,168
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.20
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$3.27Price Target Upside-15.81% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.07
Revenue Forecast (FY)HK$159.94B
China Eastern Airlines Corporation Limited Class H Business Overview & Revenue Model
Company Description
China Eastern Airlines Corporation Limited, together with its various subsidiaries, is a prominent entity within the civil aviation industry. Its operations span the People's Republic of China, including Hong Kong, Macau, and Taiwan, as well as nu...
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
45
Neutral
Balance Sheet
28
Negative
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.00B | 139.94B | 132.12B | 113.74B | 46.11B | 66.89B |
| Gross Profit | 4.21B | 7.29B | 5.62B | 1.28B | -28.49B | -14.94B |
| EBITDA | 1.40B | 31.38B | 24.27B | 18.75B | -16.19B | 7.51B |
| Net Income | -2.54B | -1.63B | -4.23B | -8.17B | -37.39B | -13.28B |
Balance Sheet | ||||||
| Total Assets | 297.73B | 291.76B | 276.60B | 282.49B | 285.74B | 288.79B |
| Cash, Cash Equivalents and Short-Term Investments | 12.25B | 7.35B | 4.23B | 12.12B | 17.63B | 13.03B |
| Total Debt | 143.91B | 138.13B | 145.18B | 162.39B | 219.93B | 194.79B |
| Total Liabilities | 256.87B | 252.92B | 235.19B | 241.27B | 255.64B | 231.64B |
| Stockholders Equity | 39.34B | 37.76B | 40.53B | 40.71B | 29.08B | 53.62B |
Cash Flow | ||||||
| Free Cash Flow | 2.69B | 17.15B | 20.98B | 7.91B | -16.49B | -5.12B |
| Operating Cash Flow | 22.69B | 37.94B | 37.31B | 26.57B | -6.47B | 5.69B |
| Investing Cash Flow | -13.75B | -10.77B | -11.18B | -16.07B | -7.29B | 2.15B |
| Financing Cash Flow | -4.61B | -24.08B | -33.93B | -16.79B | 18.35B | -2.53B |
China Eastern Airlines Corporation Limited Class H Technical Analysis
Neutral
3.88
Price Trends
3.75
Negative
4.28
Negative
4.27
Negative
Market Momentum
-0.08
Negative
47.30
Neutral
47.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0670, the sentiment is Neutral. The current price of 3.88 is above the 20-day moving average (MA) of 3.47, above the 50-day MA of 3.75, and below the 200-day MA of 4.27, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 47.30 is Neutral, neither overbought nor oversold. The STOCH value of 47.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$76.50B | 7.58 | 19.38% | 5.38% | 11.88% | 10.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$137.59B | 56.93 | 4.53% | ― | 2.95% | -634.39% | |
44 Neutral | HK$96.66B | 91.63 | 2.52% | ― | 5.99% | 44.57% | |
44 Neutral | HK$100.70B | 33.05 | 8.64% | ― | 4.68% | ― |
* Industrials Sector Average
HK:0670
China Eastern Airlines Corporation Limited Class H
3.47
0.31
9.81%
HK:0753
Air China
4.51
-1.45
-24.33%
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Cathay Pacific Airways
12.58
2.64
26.56%
HK:1055
China Southern Airlines Company Limited Class H
3.58
-0.44
-10.95%
China Eastern Airlines Corporation Limited Class H Corporate Events
China Eastern Adjusts May Capacity as Load Factor and Cargo Rise
Jun 15, 2026
China Eastern Airlines reported that in May 2026 its passenger capacity fell 5.34% year-on-year and passenger traffic declined 3.63%, but the passenger load factor improved to 86.93% and freight traffic rose 7.38%. The airline continued to adjust ...
China Eastern Shareholders Approve 2025 Results and New Bond Issuance Mandate
May 28, 2026
China Eastern Airlines reported that its 2025 annual general meeting was duly convened in Shanghai on 28 May 2026, with shareholders representing about 67.85% of issued share capital participating via on-site and online voting. The meeting confirm...
China Eastern lifts April load factor, expands routes and fleet to 823 aircraft
May 15, 2026
China Eastern Airlines reported that in April 2026 its passenger transportation capacity rose modestly year on year, while passenger traffic and load factor improved more strongly, with the passenger load factor reaching 87.87%. Freight traffic vo...
China Eastern Airlines Sets 2025 AGM and Seeks Mandate for New Bond Issuances
May 7, 2026
China Eastern Airlines Corporation Limited has convened its 2025 annual general meeting for 28 May 2026 in Shanghai, where shareholders will review the board of directors’ report and the company’s financial statements for 2025. The AGM...
China Eastern Airlines Swings to Profit in First Quarter of 2026
Apr 29, 2026
China Eastern Airlines has released its unaudited financial results for the first quarter of 2026, in accordance with Chinese regulatory and dual-listing disclosure requirements in Shanghai and Hong Kong. The board and senior management affirmed t...
China Eastern Shareholders Approve Comprehensive Share Repurchase and Cancellation Plan
Apr 29, 2026
China Eastern Airlines reported that its 2026 first extraordinary general meeting was validly convened in Shanghai with shareholders and proxies representing about 67.38% of its issued share capital, through a combination of on-site and online vot...
China Eastern Airlines Sets Board Meeting to Review Q1 2026 Results
Apr 17, 2026
China Eastern Airlines has scheduled a board meeting for 29 April 2026 to review and approve the group’s unaudited first-quarter results for the period ended 31 March 2026. The announcement signals that investors and other stakeholders can s...
China Eastern Posts Strong March Traffic Growth and Expands Route Network
Apr 15, 2026
China Eastern Airlines reported strong operational performance in March 2026, with passenger capacity measured in available seat-kilometres up 10.63% year on year and passenger traffic rising 16.56%. The carrier’s passenger load factor climb...
China Eastern Calls 2026 EGM on Share Buyback Plan and Capital Losses
Apr 9, 2026
China Eastern Airlines has called its first extraordinary general meeting of 2026 for 29 April in Shanghai, asking shareholders to vote on a special resolution to implement a share repurchase and cancellation plan. The detailed proposal covers the...
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...
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.