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CHKIF · OTC · United States · Air Transportation, Scheduled
In shortCHINA SOUTHERN AIRLINES CO LTD is loss-making, burns cash and carries heavy debt, with revenue shrinking (−14.3% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -25.9% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -37.6% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -59.9% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -11.1% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.24× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.90× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 57.94× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -3.75× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -2.8% | 9/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 22.3% | 28/100 |
| Operating margin volatility | 13.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -17.4% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2022 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY18 | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|---|
| Revenue | 143,623 | 154,322 | 92,561 | 101,644 | 87,059 |
| Operating income | 8,819 | 10,838 | (11,864) | (9,929) | (22,542) |
| Interest expense | 3,202 | 5,845 | 6,716 | 6,202 | 6,006 |
| Pre-tax income | 4,364 | 4,055 | (15,195) | (13,910) | (31,550) |
| Income tax | 1,000 | 971 | (3,368) | (2,894) | 2,166 |
| Net income | 2,895 | 2,640 | (10,847) | (12,106) | (32,699) |
| Diluted shares (millions) | 10,719 | 12,267 | 14,057 | 16,201 | 17,205 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
2/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2022 · Data updated Apr 27, 2023