China Aircraft Leasing Group Holdings Ltd. (HK:1848)
:1848
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China Aircraft Leasing Group Holdings
(1848)
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Rating:49Neutral
Price Target:
HK$4.00
▲(1.01% Upside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by high leverage and persistently negative free cash flow, which increase financial risk and dependence on funding markets. Technicals are also weak, with price below key moving averages and bearish MACD. These negatives are partially offset by a relatively low P/E and an attractive dividend yield.
Positive Factors
Recurring lease revenue model
The operating-lessor model generates contracted, recurring lease rentals that create a predictable, asset-backed revenue stream over multi-year leases. That structural cashflow profile supports long-term revenue stability versus spot-market exposure and underpins financing capacity for fleet growth.
Negative Factors
Very high leverage
Extremely elevated leverage materially increases refinancing and interest-rate sensitivity for an asset-heavy lessor. Heavy reliance on debt amplifies funding risk, constrains strategic flexibility, and raises the probability that adverse market moves will quickly pressure liquidity and credit access over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring lease revenue model
The operating-lessor model generates contracted, recurring lease rentals that create a predictable, asset-backed revenue stream over multi-year leases. That structural cashflow profile supports long-term revenue stability versus spot-market exposure and underpins financing capacity for fleet growth.
Read all positive factors
China Aircraft Leasing Group Holdings (1848) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.96B
Dividend Yield6.29%
Average Volume (3M)280.10K
Price to Earnings (P/E)4.4
Beta (1Y)0.89
Revenue Growth-7.56%
EPS GrowthN/A
CountryHK
Employees184
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.64
Shares Outstanding747,975,000
10 Day Avg. Volume239,172
30 Day Avg. Volume280,099
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.81
Price to Sales (P/S)0.91
P/FCF Ratio-0.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.65Price Target Upside42.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.72
Revenue Forecast (FY)HK$4.82B
China Aircraft Leasing Group Holdings Business Overview & Revenue Model
Company Description
China Aircraft Leasing Group Holdings Limited, an investment holding company, provides aircraft leasing services to airline companies in Mainland China and internationally. It is involved in the aircraft leasing, and purchase and leaseback; portfo...
How the Company Makes Money
China Aircraft Leasing Group Holdings makes money primarily by acquiring aircraft (often ordered from manufacturers or purchased in the secondary market), financing those aircraft, and leasing them to airline customers under lease contracts. The m...
China Aircraft Leasing Group Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.79B | 4.56B | 4.32B | 3.54B | 2.50B |
| Gross Profit | 0.00 | 165.25M | 460.40M | 431.66M | 469.24M |
| EBITDA | 3.21B | 1.77B | 2.11B | 3.49B | 2.87B |
| Net Income | 338.53M | 257.55M | 28.26M | 73.60M | 525.78M |
Balance Sheet | |||||
| Total Assets | 58.05B | 58.24B | 59.82B | 55.33B | 50.03B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 3.78B | 5.30B | 4.67B | 5.01B |
| Total Debt | 46.85B | 48.58B | 51.36B | 46.75B | 41.99B |
| Total Liabilities | 51.02B | 52.91B | 54.68B | 50.69B | 45.49B |
| Stockholders Equity | 4.29B | 5.33B | 4.33B | 4.67B | 4.57B |
Cash Flow | |||||
| Free Cash Flow | -14.41B | -6.26B | -7.37B | -9.30B | -5.33B |
| Operating Cash Flow | 13.86M | 3.03B | 3.69B | 1.64B | 660.64M |
| Investing Cash Flow | 716.44M | -394.58M | -3.97B | -6.53B | -3.34B |
| Financing Cash Flow | -1.03B | -4.11B | 2.11B | 2.01B | 1.02B |
China Aircraft Leasing Group Holdings Technical Analysis
Neutral
3.96
Price Trends
4.46
Negative
4.55
Negative
4.50
Negative
Market Momentum
-0.15
Negative
42.95
Neutral
85.73
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1848, the sentiment is Neutral. The current price of 3.96 is above the 20-day moving average (MA) of 3.96, below the 50-day MA of 4.46, and below the 200-day MA of 4.50, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 42.95 is Neutral, neither overbought nor oversold. The STOCH value of 85.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1848.
China Aircraft Leasing Group Holdings Peers Comparison
UnderperformOutperform
Sector (63)
HK:1848
China Aircraft Leasing Group Holdings
3.96
0.74
22.98%
HK:2588
BOC Aviation
78.50
25.32
47.61%
China Aircraft Leasing Group Holdings Corporate Events
China Aircraft Leasing to Sell Three Jets While Retaining Asset Management Role
Mar 26, 2026
China Aircraft Leasing Group has agreed to sell three aircraft—one Airbus A320neo and two Boeing 737-800s—by transferring the equity of special purpose vehicles that own them to an independent financial leasing company, with completion...
China Aircraft Leasing Reshapes Board With Director Retirement and New INED Appointment
Mar 24, 2026
China Aircraft Leasing Group Holdings announced that independent non-executive director Albert Saychuan Cheok will retire at the conclusion of its 2026 annual general meeting after more than nine years of service, stepping down as chairman of the ...
China Aircraft Leasing Sets Out Board and Committee Line-Up
Mar 24, 2026
China Aircraft Leasing Group Holdings has announced the current composition of its board of directors, detailing non-executive, executive, and independent non-executive members and confirming the appointment of AN Xuesong as chairman and Poon Ho M...
China Aircraft Leasing Lifts 2025 Profit 31.5% on Strong Aviation Demand
Mar 24, 2026
China Aircraft Leasing Group Holdings reported broadly stable revenue of HK$5.02 billion for 2025, down 3.6% year on year, while significantly boosting profit attributable to shareholders by 31.5% to HK$338.5 million, lifting basic earnings per sh...
China Aircraft Leasing Declares HK$0.18 Final Dividend with Scrip Option
Mar 24, 2026
China Aircraft Leasing Group Holdings Limited has declared a final ordinary dividend of HK$0.18 per share for the financial year ended 31 December 2025, with shareholders’ approval scheduled for 29 May 2026. The dividend will be paid in cash...
China Aircraft Leasing to Sell Airbus A321 Jet to Independent Buyer
Mar 23, 2026
China Aircraft Leasing Group Holdings has agreed to sell one Airbus A321-271NX aircraft to Kotoku Kaiun Co., Ltd., an independent shipping company, via a wholly owned special purpose vehicle under a purchase agreement signed on 23 March 2026. The ...
China Aircraft Leasing Sets March 2026 Board Meeting on 2025 Results and Dividend
Mar 10, 2026
China Aircraft Leasing Group Holdings has scheduled a board meeting for 24 March 2026 to review and approve the audited annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividen...
China Aircraft Leasing Expands Fleet with Order for 30 Additional Airbus Jets
Dec 30, 2025
China Aircraft Leasing Group Holdings has agreed, through its wholly owned subsidiary CALC (BVI), to purchase 30 additional Airbus aircraft under an amendment to a 2014 purchase agreement, with deliveries scheduled in stages up to 2033. The deal, ...
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.