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China Southern Airlines Co Ltd
F:ZNH

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China Southern Airlines Co Ltd
F:ZNH
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Price: 33.6 EUR -0.59%
Market Cap: €19.6B

Gross Margin

9.2%
Current
Improving
by 4.7%
vs 3-y average of 4.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
9.2%
=
Gross Profit
¥16.3B
/
Revenue
¥177.2B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
9.2%
=
Gross Profit
€16.3B
/
Revenue
¥177.2B

Peer Comparison

Country Company Market Cap Gross
Margin
CN
China Southern Airlines Co Ltd
SSE:600029
112.3B CNY
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US
Delta Air Lines Inc
NYSE:DAL
38.6B USD
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US
United Airlines Holdings Inc
NASDAQ:UAL
29.8B USD
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CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF
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UK
International Consolidated Airlines Group SA
LSE:IAG
16.1B GBP
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US
Southwest Airlines Co
NYSE:LUV
21.3B USD
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IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR
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CN
Air China Ltd
SSE:601111
134.2B CNY
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IN
Interglobe Aviation Ltd
NSE:INDIGO
1.6T INR
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CN
China Eastern Airlines Corp Ltd
SSE:600115
113.1B CNY
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SG
Singapore Airlines Ltd
SGX:C6L
20.1B SGD
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Market Distribution

Lower than 82% of companies in China
Percentile
18th
Based on 8 314 companies
18th percentile
9.2%
Low
-2 148% — 14.3%
Typical Range
14.3% — 34.6%
High
34.6% — 775.2%
Distribution Statistics
China
Min -2 148%
30th Percentile 14.3%
Median 23%
70th Percentile 34.6%
Max 775.2%

China Southern Airlines Co Ltd
Glance View

Market Cap
19.6B EUR
Industry
Airlines

China Southern Airlines Co Ltd, one of Asia's leading carriers, traces its roots back to 1988, when the Chinese government restructured its aviation industry, paving the way for this regional behemoth to take to the skies. With its headquarters strategically placed in Guangzhou, this airline has meticulously built its vast network, connecting over 200 destinations across more than 40 countries worldwide. The company's business model hinges on a robust blend of passenger and cargo services. Passenger transport remains the linchpin of its operations, with its fleet comprising more than 600 aircraft. Domestic flights within China contribute significantly to its revenue streams, though its international operations, particularly to key global hubs like Los Angeles, Sydney, and Paris, also play a critical role in driving earnings. To bolster its core business, China Southern has invested substantially in ancillary services that support its primary operations. These include partnerships with global airlines through codeshare agreements and membership in the SkyTeam alliance, which extends its connectivity beyond its standalone reach. The company also leverages the synergies of its subsidiaries, which provide additional aviation services ranging from aircraft maintenance to airport ground handling. Another revenue stream stems from its cargo operations, which have become increasingly vital, especially amidst the shifts in global trade dynamics. Despite the challenges of the ever-fluctuating aviation market, China Southern Airlines continues to adapt by embracing new technologies and optimizing efficiency across its operations, ensuring that it remains a formidable player in the competitive airline industry.

ZNH Intrinsic Value
73.57 EUR
Undervaluation 54%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
9.2%
=
Gross Profit
¥16.3B
/
Revenue
¥177.2B
What is China Southern Airlines Co Ltd's current Gross Margin?

The current Gross Margin for China Southern Airlines Co Ltd is 9.2%, which is above its 3-year median of 4.4%.

How has Gross Margin changed over time?

Over the last 3 years, China Southern Airlines Co Ltd’s Gross Margin has increased from -14.7% to 9.2%. During this period, it reached a low of -21.8% on Dec 31, 2022 and a high of 9.4% on Mar 31, 2024.

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