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China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 908 aircraft as of 2023 and carried more than 150 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing.
1995
99.5K+
LTM Revenue $24.3B
LTM EBITDA $4.7B
$38.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
China Southern Airlines has a last 12-month revenue of $24.3B and a last 12-month EBITDA of $4.7B.
In the most recent fiscal year, China Southern Airlines achieved revenue of $24.0B and an EBITDA of $4.5B.
China Southern Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
See China Southern Airlines valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $22.0B | $24.0B | XXX | XXX | XXX |
| Gross Profit | -$2.6B | $1.7B | XXX | XXX | XXX |
| Gross Margin | -12% | 7% | XXX | XXX | XXX |
| EBITDA | $3.8B | $4.5B | XXX | XXX | XXX |
| EBITDA Margin | 17% | 19% | XXX | XXX | XXX |
| Net Profit | -$4.5B | -$580M | XXX | XXX | XXX |
| Net Margin | -20% | -2% | XXX | XXX | XXX |
| Net Debt | $9.4B | $12.7B | XXX | XXX | XXX |
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As of April 15, 2025, China Southern Airlines's stock price is CNY 5 (or $1).
China Southern Airlines has current market cap of CNY 91.9B (or $12.7B), and EV of CNY 280B (or $38.6B).
See China Southern Airlines trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $38.6B | $12.7B | XXX | XXX | XXX | XXX | $-0.00 |
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Sign UpAs of April 15, 2025, China Southern Airlines has market cap of $12.7B and EV of $38.6B.
China Southern Airlines's trades at 1.6x LTM EV/Revenue multiple, and 8.3x LTM EBITDA.
Analysts estimate China Southern Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for China Southern Airlines and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $38.6B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | XXX | XXX |
| P/E | -54.2x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 18.3x | 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 UpChina Southern Airlines's NTM/LTM revenue growth is 5%
China Southern Airlines's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $13K for the same period.
Over next 12 months, China Southern Airlines'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 China Southern Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for China Southern Airlines and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 24% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $13K | 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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China Southern Airlines acquired XXX companies to date.
Last acquisition by China Southern Airlines was XXXXXXXX, XXXXX XXXXX XXXXXX . China Southern Airlines 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 China Southern Airlines founded? | China Southern Airlines was founded in 1995. |
| Where is China Southern Airlines headquartered? | China Southern Airlines is headquartered in China. |
| How many employees does China Southern Airlines have? | As of today, China Southern Airlines has 99.5K+ employees. |
| Is China Southern Airlines publicy listed? | Yes, China Southern Airlines is a public company listed on SHG. |
| What is the stock symbol of China Southern Airlines? | China Southern Airlines trades under 600029 ticker. |
| When did China Southern Airlines go public? | China Southern Airlines went public in 2003. |
| Who are competitors of China Southern Airlines? | Similar companies to China Southern Airlines include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of China Southern Airlines? | China Southern Airlines's current market cap is $12.7B |
| What is the current revenue of China Southern Airlines? | China Southern Airlines's last 12-month revenue is $24.3B. |
| What is the current EBITDA of China Southern Airlines? | China Southern Airlines's last 12-month EBITDA is $4.7B. |
| What is the current EV/Revenue multiple of China Southern Airlines? | Current revenue multiple of China Southern Airlines is 1.6x. |
| What is the current EV/EBITDA multiple of China Southern Airlines? | Current EBITDA multiple of China Southern Airlines is 8.3x. |
| What is the current revenue growth of China Southern Airlines? | China Southern Airlines revenue growth between 2023 and 2024 was 9%. |
| Is China Southern Airlines profitable? | Yes, China Southern Airlines is EBITDA-positive (as of the last 12 months). |
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