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Air China Valuation Multiples
Discover revenue and EBITDA valuation multiples for Air China and similar public comparables like LATAM Airlines, Singapore Airlines, GOL Airlines, China Southern Airlines and more.
Air China Overview
About Air China
Air China Ltd is based in Beijing and principally provides airline and related services, which include aircraft engineering and airport ground handling. The majority of the company's revenue comes from airline operations, with a smaller portion generated from rental income. Geographically, majority of its revenue is derived from Mainland China.
Founded
2004
HQ
Employees
104.9K
Website
Sectors
Financials (LTM)
EV
$45B
Air China Financials
Air China reported last 12-month revenue of $26B and EBITDA of $5B.
In the same LTM period, Air China generated $366M in gross profit, $5B in EBITDA, and had net loss of ($176M).
Revenue (LTM)
Air China P&L
In the most recent fiscal year, Air China reported revenue of $25B and EBITDA of $5B.
Air China expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $26B | XXX | $25B | XXX | XXX | XXX |
| Gross Profit | $366M | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 1% | XXX | 5% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | 0% | XXX | XXX | XXX |
| Net Profit | ($176M) | XXX | ($259M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (1%) | XXX | XXX | XXX |
| Net Debt | — | — | $14B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Air China Stock Performance
Air China has current market cap of $16B, and enterprise value of $45B.
Market Cap Evolution
Air China's stock price is $0.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $45B | $16B | 0.0% | XXX | XXX | XXX | $-0.01 |
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Start Free TrialAir China Valuation Multiples
Air China trades at 1.8x EV/Revenue multiple, and 9.8x EV/EBITDA.
EV / Revenue (LTM)
Air China Financial Valuation Multiples
As of April 20, 2026, Air China has market cap of $16B and EV of $45B.
Equity research analysts estimate Air China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air China has a P/E ratio of (90.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $45B | XXX | $45B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 9.8x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBIT | 516.5x | XXX | 782.9x | XXX | XXX | XXX |
| EV/Gross Profit | 124.2x | XXX | 35.1x | XXX | XXX | XXX |
| P/E | (90.1x) | XXX | (61.3x) | XXX | XXX | XXX |
| EV/FCF | 20.7x | XXX | 12.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Air China Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Air China Margins & Growth Rates
Air China's revenue in the last 12 month grew by 9%.
Air China's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Air China's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air China's rule of X is 39% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Air China Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Air China Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Air China | XXX | XXX | XXX | XXX | XXX | XXX |
| LATAM Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| GOL Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| China Southern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| China Eastern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Air China M&A Activity
Air China acquired XXX companies to date.
Last acquisition by Air China was on XXXXXXXX, XXXXX. Air China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Air China
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAir China Investment Activity
Air China invested in XXX companies to date.
Air China made its latest investment on XXXXXXXX, XXXXX. Air China invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Air China
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Air China
| 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 over 104K employees. |
| Is Air China publicly listed? | Yes, Air China is a public company listed on Shanghai Stock Exchange. |
| 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? | Air China main competitors are LATAM Airlines, Singapore Airlines, GOL Airlines, China Southern Airlines. |
| What is the current market cap of Air China? | Air China's current market cap is $16B. |
| What is the current revenue of Air China? | Air China's last 12 months revenue is $26B. |
| What is the current revenue growth of Air China? | Air China revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Air China? | Current revenue multiple of Air China is 1.8x. |
| Is Air China profitable? | Yes, Air China is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air China? | Air China's last 12 months EBITDA is $5B. |
| What is Air China's EBITDA margin? | Air China's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Air China? | Current EBITDA multiple of Air China is 9.8x. |
| What is the current FCF of Air China? | Air China's last 12 months FCF is $2B. |
| What is Air China's FCF margin? | Air China's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Air China? | Current FCF multiple of Air China is 20.7x. |
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