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Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 905 aircraft as of 2023 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai.
2004
102.9K+
LTM Revenue $23.4B
LTM EBITDA $4.4B
$44.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Air China has a last 12-month revenue of $23.4B and a last 12-month EBITDA of $4.4B.
In the most recent fiscal year, Air China achieved revenue of $23.0B and an EBITDA of $4.7B.
Air China expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Air China valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $19.4B | $23.0B | XXX | XXX | XXX |
| Gross Profit | -$4.1B | $976M | XXX | XXX | XXX |
| Gross Margin | -21% | 4% | XXX | XXX | XXX |
| EBITDA | $4.5B | $4.7B | XXX | XXX | XXX |
| EBITDA Margin | 23% | 20% | XXX | XXX | XXX |
| Net Profit | -$5.3B | -$144M | XXX | XXX | XXX |
| Net Margin | -27% | -1% | XXX | XXX | XXX |
| Net Debt | $12.2B | $13.2B | XXX | XXX | XXX |
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As of April 15, 2025, Air China's stock price is CNY 6 (or $1).
Air China has current market cap of CNY 112B (or $15.5B), and EV of CNY 323B (or $44.6B).
See Air China trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $44.6B | $15.5B | XXX | XXX | XXX | XXX | $0.01 |
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Sign UpAs of April 15, 2025, Air China has market cap of $15.5B and EV of $44.6B.
Air China's trades at 1.9x LTM EV/Revenue multiple, and 10.2x LTM EBITDA.
Analysts estimate Air China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Air China and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $44.6B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 9.5x | XXX | XXX | XXX |
| P/E | -473.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 22.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAir China's NTM/LTM revenue growth is 7%
Air China's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $12K for the same period.
Over next 12 months, Air China's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Air China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Air China and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 27% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $12K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 5% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Air China acquired XXX companies to date.
Last acquisition by Air China was XXXXXXXX, XXXXX XXXXX XXXXXX . Air China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Air China founded? | Air China was founded in 2004. |
| Where is Air China headquartered? | Air China is headquartered in China. |
| How many employees does Air China have? | As of today, Air China has 102.9K+ employees. |
| Is Air China publicy listed? | Yes, Air China is a public company listed on SHG. |
| What is the stock symbol of Air China? | Air China trades under 601111 ticker. |
| When did Air China go public? | Air China went public in 2006. |
| Who are competitors of Air China? | Similar companies to Air China include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Air China? | Air China's current market cap is $15.5B |
| What is the current revenue of Air China? | Air China's last 12-month revenue is $23.4B. |
| What is the current EBITDA of Air China? | Air China's last 12-month EBITDA is $4.4B. |
| What is the current EV/Revenue multiple of Air China? | Current revenue multiple of Air China is 1.9x. |
| What is the current EV/EBITDA multiple of Air China? | Current EBITDA multiple of Air China is 10.2x. |
| What is the current revenue growth of Air China? | Air China revenue growth between 2023 and 2024 was 18%. |
| Is Air China profitable? | Yes, Air China is EBITDA-positive (as of the last 12 months). |
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