- China Eastern’s net loss for the fiscal year was 8.17 billion yuan, down 78% from the previous year’s loss of 37.4 billion yuan.
- The company’s revenue was 113.74 billion yuan, more than double the previous year’s 46.3 billion yuan. However, this was slightly below the estimated revenue of 116.46 billion yuan.
- No final dividend per share was declared for the year.
- The loss per share was 37 RMB cents, a significant decrease from the previous year’s loss of 1.9806 yuan per share. This was also less than the estimated loss of 23 RMB cents per share.
- The passenger yield was 59.3 RMB cents, a decrease of 1.5% from the previous year.
- Available Seat Kilometers (ASK) were 244.96 billion, more than double the previous year’s 96.21 billion. This figure exceeded the estimate of 236.96 billion.
- Revenue Passenger Kilometers (RPK) were 182.30 billion, nearly triple the previous year’s 61.29 billion. This also surpassed the estimate of 177.19 billion.
- The passenger load factor was 74.4%, up from the previous year’s 63.7%. This figure was slightly below the estimated 74.9%.
- The company received 13 buy recommendations, 3 hold recommendations, and 1 sell recommendation.
A look at China Eastern Airlines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
China Eastern Airlines Corporation Limited has a bright future ahead according to the Smartkarma Smart Scores. With a value score of 4, the company is considered to have strong fundamentals and potential for growth. This is supported by its growth score of 2, indicating a positive outlook for the company’s future earnings. However, investors should take note of the company’s low dividend score of 1, which suggests that it may not be the best option for those looking for regular dividend payments.
In terms of resilience, China Eastern Airlines scores a 2, which means it has a moderate level of financial stability and is able to weather economic downturns. This is further reinforced by its momentum score of 3, showing that the company has been experiencing positive trends in its stock performance. Overall, China Eastern Airlines is a strong player in the civil aviation industry, offering a range of services to its customers including passenger and cargo transportation. With its solid scores across the board, the company looks set to continue its success in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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