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China Airlines Ltd
TWSE:2610

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China Airlines Ltd
TWSE:2610
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Price: 17.9 TWD -1.38% Market Closed
Market Cap: NT$108.9B

EV/EBIT

6.8
Current
51%
Cheaper
vs 3-y average of 13.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.8
=
Enterprise Value
NT$145.7B
/
EBIT
NT$20.8B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
6.8
=
Enterprise Value
NT$145.7B
/
EBIT
NT$20.8B

Valuation Scenarios

China Airlines Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (13.9), the stock would be worth NT$36.72 (105% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+209%
Average Upside
111%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 6.8 NT$17.9
0%
3-Year Average 13.9 NT$36.72
+105%
5-Year Average 14.2 NT$37.69
+111%
Industry Average 8.1 NT$21.32
+19%
Country Average 20.9 NT$55.24
+209%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
NT$145.7B
/
Jan 2026
NT$20.8B
=
6.8
Current
NT$145.7B
/
Dec 2026
NT$17.7B
=
8.2
Forward
NT$145.7B
/
Dec 2027
NT$19B
=
7.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close

Market Distribution

Lower than 94% of companies in Taiwan
Percentile
6th
Based on 671 companies
6th percentile
6.8
Low
0.2 — 14.9
Typical Range
14.9 — 30.2
High
30.2 —
Distribution Statistics
Taiwan
Min 0.2
30th Percentile 14.9
Median 20.9
70th Percentile 30.2
Max 1 677.9

China Airlines Ltd
Glance View

Market Cap
108.9B TWD
Industry
Airlines

China Airlines Ltd., perched in the bustling aviation hub of Taiwan, flies as the island's largest airline, weaving a network that connects East Asia to the rest of the globe. With its headquarters nestled near the Taipei Taoyuan International Airport, the carrier operates a fleet that adeptly balances regional and long-haul routes. The modernization of its fleet, leveraging efficient and environmentally friendlier aircraft, underscores its commitment to safety, sustainability, and passenger comfort. Cargo operations also play a starring role, as the airline capitalizes on Taiwan's strategic location to become a critical link in the global supply chain, particularly for electronics and other high-value goods. The company's business model hinges on a mix of passenger and freight services, with the former primarily driving revenue through ticket sales across its expansive route network, while the latter capitalizes on the ever-growing demand for air cargo, which has surged during periods of global trade disruptions. China Airlines also benefits from ancillary services, such as partnerships and code-share agreements with other major airlines, enhancing connectivity and ensuring a steady flow of passengers. Additionally, it offers a frequent flyer program that cultivates customer loyalty. Through these intertwined operations, China Airlines remains a pivotal player in reinforcing Taiwan's connectivity with the world, navigating the complexities of the aviation industry with resilience and strategic foresight.

Intrinsic Value
33.79 TWD
Undervaluation 47%
Intrinsic Value
Price NT$17.9
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