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Beijing Capital International Airport Co
(0694)
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Rating:44Neutral
Price Target:
HK$1.50
▼(-42.97% Downside)
Action:Reiterated
Date:04/28/26
The score is held down primarily by incomplete earnings recovery (ongoing EBIT/net losses) despite improving cash generation and stabilized revenue. Technicals are weak with the stock below key moving averages and negative MACD, while valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Diversified Revenue Streams
The business collects both regulated aeronautical fees and commercial rents/concessions, creating multiple recurring revenue channels. This durable mix reduces dependence on a single income source, supports steadier cash flow over months, and aids recovery when passenger patterns shift.
Negative Factors
Persistent Operating and Net Losses
Ongoing EBIT and net losses limit the company's ability to compound equity, reinstate dividends or expand discretionary investment. Until operating profitability is restored, the company remains reliant on cash generation improvements and balance-sheet management to reach durable shareholder-returning capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
The business collects both regulated aeronautical fees and commercial rents/concessions, creating multiple recurring revenue channels. This durable mix reduces dependence on a single income source, supports steadier cash flow over months, and aids recovery when passenger patterns shift.
Read all positive factors
Beijing Capital International Airport Co (0694) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.73B
Dividend YieldN/A
Average Volume (3M)9.06M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth2.58%
EPS Growth54.45%
CountryHK
Employees1,516
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.13
Shares Outstanding1,879,364,000
10 Day Avg. Volume5,666,257
30 Day Avg. Volume9,057,260
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.88
Price to Sales (P/S)2.07
P/FCF Ratio13.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.40Price Target Upside-8.75% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)HK$6.05B
Beijing Capital International Airport Co Business Overview & Revenue Model
Company Description
Beijing Capital International Airport Company Limited oversees and manages both air transport and non-aviation commercial operations at the Beijing Capital Airport in the People's Republic of China. Its aeronautical division provides essential ser...
How the Company Makes Money
The company primarily makes money by operating an airport platform that earns revenue from (1) aeronautical activities tied to aircraft movements and passenger throughput and (2) non-aeronautical commercial activities within the airport.
1) Aeron...
Beijing Capital International Airport Co Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
52
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.49B | 5.49B | 4.56B | 2.23B | 3.34B |
| Gross Profit | 257.57M | 1.58B | 640.96M | -2.17B | -643.39M |
| EBITDA | 1.28B | 950.17M | 112.92M | -2.13B | -1.03B |
| Net Income | -613.73M | -1.39B | -1.70B | -3.53B | -2.12B |
Balance Sheet | |||||
| Total Assets | 30.03B | 30.68B | 32.59B | 33.48B | 35.15B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 1.44B | 1.29B | 1.60B | 2.23B |
| Total Debt | 11.44B | 11.67B | 10.83B | 9.78B | 8.01B |
| Total Liabilities | 17.16B | 17.22B | 17.70B | 16.88B | 14.97B |
| Stockholders Equity | 12.86B | 13.46B | 14.89B | 16.60B | 20.17B |
Cash Flow | |||||
| Free Cash Flow | 832.64M | -325.11M | -868.83M | -2.02B | -1.26B |
| Operating Cash Flow | 1.37B | 97.60M | -575.86M | -1.50B | -621.49M |
| Investing Cash Flow | -534.68M | -409.13M | -318.64M | -479.18M | -620.65M |
| Financing Cash Flow | -423.95M | 457.17M | 585.56M | 1.34B | 1.17B |
Beijing Capital International Airport Co Technical Analysis
Negative
2.63
Price Trends
1.77
Negative
1.99
Negative
2.39
Negative
Market Momentum
-0.08
Positive
20.88
Positive
13.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0694, the sentiment is Negative. The current price of 2.63 is above the 20-day moving average (MA) of 1.65, above the 50-day MA of 1.77, and above the 200-day MA of 2.39, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 20.88 is Positive, neither overbought nor oversold. The STOCH value of 13.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0694.
Beijing Capital International Airport Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$4.92B | 11.95 | 1.61% | 7.48% | 2.77% | 104.40% | |
69 Neutral | HK$3.63B | 5.45 | 4.48% | 6.69% | -14.81% | -3.39% | |
65 Neutral | HK$10.01B | 7.10 | 8.15% | 3.55% | -3.33% | -8.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$6.19B | 10.05 | 5.90% | 5.26% | 12.06% | -19.10% | |
44 Neutral | HK$6.73B | -9.45 | -4.76% | ― | 2.58% | 54.45% | |
44 Neutral | HK$1.94B | -6.02 | -5.08% | ― | -7.61% | 26.48% |
* Industrials Sector Average
HK:0694
Beijing Capital International Airport Co
1.47
-1.49
-50.34%
HK:1052
Yuexiu Transport Infrastructure
3.70
0.22
6.38%
HK:0357
Hainan Meilan International Airport Company
4.10
-6.60
-61.68%
HK:0636
KLN Logistics Group Limited
5.54
-1.75
-24.00%
HK:3382
Tianjin Port Development Holdings
0.59
-0.02
-2.96%
HK:0062
Transport International Holdings Limited
9.20
1.03
12.55%
Beijing Capital International Airport Co Corporate Events
Beijing Capital International Airport names two new deputy general managers
Jun 24, 2026
Beijing Capital International Airport Company Limited has appointed veteran aviation engineer Wu Zhihui and long-time airport executive Sun Lizhi as deputy general managers effective 24 June 2026. Both bring extensive experience in airport constru...
Beijing Capital International Airport Shareholders Approve 2025 Accounts and No-Dividend Plan at AGM
Jun 17, 2026
Beijing Capital International Airport Co. reported the results of its 2025 annual general meeting, confirming that shareholders representing about 75.78% of the company’s issued share capital with voting rights participated in person or by p...
Beijing Capital International Airport Raises RMB1 Billion via New Short-Term Debentures
Jun 8, 2026
Beijing Capital International Airport Company Limited has issued its 2026 second tranche of short-term debentures in China’s interbank market, under a registration previously approved by the National Association of Financial Market Instituti...
Beijing Capital Airport Raises RMB1 Billion via First 2026 Short-Term Debenture Tranche
Jun 3, 2026
Beijing Capital International Airport Company Limited, a foreign-invested joint stock company operating Beijing’s main international airport, is a key player in China’s aviation infrastructure and is listed on the Hong Kong Stock Excha...
Beijing Capital International Airport to Launch Second Tranche of 2026 Short-Term Debentures
Jun 1, 2026
Beijing Capital International Airport Company Limited plans to issue the second tranche of its short-term debentures under an existing registration with China’s National Association of Financial Market Institutional Investors. The size, coup...
Beijing Capital International Airport Delays Board Election, Extends Current Directors’ Terms
May 27, 2026
Beijing Capital International Airport Company Limited has announced that the election of its new board of directors will be postponed because the nomination of director candidates has not yet been completed. To ensure continuity, the term of the c...
Beijing Capital International Airport Sets AGM as Losses Reach One-Third of Share Capital
May 27, 2026
Beijing Capital International Airport Company Limited has called its annual general meeting for 17 June 2026 in Beijing, where shareholders will review the board report, audited financial statements and a profit distribution plan that proposes no ...
Beijing Capital Airport Wins Approval to Issue Medium-Term Notes and Debentures
May 10, 2026
Beijing Capital International Airport Company Limited has received approval from the National Association of Financial Market Institutional Investors to register and issue medium-term notes and short-term debentures. The company plans to launch th...
Beijing Capital Airport Renews Intra‑Group Hotel Resource Deal at Terminal Three
Apr 24, 2026
Beijing Capital International Airport Co. has signed a new T3E Hotel Resources Usage Agreement with Beijing Airport Tourism Business, a wholly owned subsidiary of its controlling shareholder, to allow continued use of designated premises and resou...
Beijing Capital International Airport Discloses Unaudited Q1 2026 Results for Noteholders
Apr 23, 2026
Beijing Capital International Airport Company Limited, a foreign-invested joint stock company operating Beijing’s main international airport, is a significant player in China’s aviation infrastructure sector. The company’s activi...
Beijing Capital Airport Renews Connected Leasing Deal for Vending Machine Spots
Apr 8, 2026
Beijing Capital International Airport Co. has signed a new spots leasing agreement with Beijing Aviation Catering Co. (BACT), a wholly owned subsidiary of its controlling shareholder, to continue leasing designated locations at Terminals 1, 2 and ...
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.