Sunday 11 October 2026
Export all ZNH data to Excel Powerpack
China Southern Airlines Company Limited
ZNH Industrials Airlines
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 6 | 6 | 5 | 4 | 3 | 2 | 5 | — |
P/E ratio |
5.42 | 10.44 | 5.14 | 10.40 | 0.00 | 0.00 | 0.00 | — | — |
P/S ratio |
0.28 | 0.54 | 0.23 | 0.27 | 0.50 | 0.42 | 0.50 | — | — |
Altman Z″-Score (non-manufacturers) |
(0.67) | (0.51) | (0.54) | (0.85) | (0.89) | (1.32) | (2.87) | (2.20) | (2.01) |
P/FCF ratio |
1.31 | 2.27 | 1.84 | 2.21 | 0.00 | 9.70 | 0.00 | — | — |
Beneish M-Score |
(2.83) | (2.48) | (2.26) | (2.06) | (2.62) | (2.73) | (2.99) | (2.78) | — |
P/Operating CF |
1.65 | 3.91 | 5.79 | 3.08 | 6.52 | 24.38 | 10.57 | — | — |
P/B ratio |
0.60 | 1.06 | 0.69 | 1.00 | 0.96 | 1.06 | 1.17 | — | — |
Price to Tangible BV |
0.64 | 1.11 | 0.69 | 1.01 | 0.97 | 1.07 | 1.29 | — | — |
EV/Sales |
0.40 | 0.83 | 0.86 | 1.04 | 1.81 | 1.45 | 0.97 | — | — |
EV/EBITDA |
1.06 | 1.92 | 7.72 | 6.57 | 45.99 | 17.38 | 190.72 | — | — |
EV/Operating CF |
1.23 | 2.17 | 3.50 | 4.05 | (238.27) | 11.97 | 12.24 | — | — |
EV/FCF |
1.90 | 3.48 | 6.74 | 8.51 | (15.48) | 33.68 | (22.04) | — | — |
Quick Ratio |
0.16 | 0.21 | 0.22 | 0.14 | 0.38 | 0.31 | 0.22 | 0.19 | 0.25 |
Current Ratio |
0.20 | 0.26 | 0.29 | 0.18 | 0.41 | 0.34 | 0.24 | 0.22 | 0.27 |
Net Debt/EBITDA |
3.76 | 4.52 | 4.74 | 1.38 | 4.14 | 10.94 | 100.16 | 5.28 | 22.72 |
Debt/Assets |
49.41% | 49.32% | 47.41% | 16.67% | 23.97% | 55.14% | 61.73% | 59.90% | 62.12% |
Debt/Equity |
1.80 | 1.72 | 1.49 | 0.66 | 0.92 | 2.11 | 3.48 | 3.54 | 3.88 |
Asset Turnover |
0.58 | 0.60 | 0.62 | 0.55 | 0.29 | 0.32 | 0.27 | 0.50 | 0.54 |
Operating CF/Net income |
4.71 | 2.97 | 5.32 | 11.81 | (0.25) | (0.64) | 0.07 | (8.24) | 0.00 |
Capex/Depreciation |
(1.26) | (0.60) | (1.43) | (0.60) | (0.33) | (0.67) | (0.28) | (0.35) | — |
Interest Coverage |
5.12 | 3.33 | 2.75 | 1.85 | (1.77) | (1.60) | (3.75) | 0.94 | 1.45 |
| 9.34% | 10.07% | 4.14% | 3.32% | (13.36%) | (14.76%) | (45.57%) | (7.49%) | (3.34%) | |
| 2.53% | 2.82% | 1.26% | 0.93% | (3.43%) | (3.85%) | (10.07%) | (1.30%) | (0.55%) | |
ROIC |
5.26% | 3.50% | 2.93% | 5.36% | (5.38%) | (2.57%) | (6.18%) | 1.54% | 2.15% |
Return on Tangible Assets |
5.45% | 5.56% | 2.61% | 43.74% | (36.83%) | (67.02%) | 186.99% | 52.26% | (306.04%) |
Average Days of Receivables |
20.24 | 22.58 | 27.74 | 26.05 | 42.87 | 44.73 | 44.27 | 28.14 | 39.14 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.93% | 8.04% | 7.52% | 7.66% | 9.83% | 8.23% | 9.04% | 6.56% | 6.47% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(3.60) | (1.94) | (3.23) | (3.31) | (3.04) | (2.80) | (2.78) | — | — |
Graham Number |
0.00 | 0.00 | 0.00 | 49.39 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Earnings Yield |
18.47% | 9.58% | 19.46% | 9.62% | (9.57%) | (7.25%) | (12.58%) | — | — |
Free Cash Flow Yield |
76.12% | 43.97% | 54.37% | 45.28% | (23.37%) | 10.31% | (8.76%) | — | — |
Revenue per Share |
88.13 | 95.30 | 101.23 | 91.02 | 47.71 | 48.62 | 37.60 | 62.35 | 66.87 |
Operating CF per Share |
18.21 | 13.22 | 10.85 | 18.39 | 1.39 | 3.68 | (1.06) | 13.30 | 0.00 |
Capex per Share |
(12.15) | (5.91) | (14.44) | (8.73) | (4.23) | (7.72) | (2.98) | (3.76) | 0.00 |
Free Cash Flow per Share |
6.06 | 7.31 | (3.59) | 9.65 | (2.84) | (4.05) | (4.04) | 9.54 | 0.00 |
Cash per Share |
3.29 | 5.17 | 5.27 | 1.28 | 13.16 | 10.34 | 8.67 | 5.00 | 6.07 |
Shareholders Equity per Share |
42.14 | 46.64 | 55.31 | 45.61 | 43.88 | 40.43 | 23.91 | 20.42 | 20.28 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
42.14 | 46.64 | 55.31 | 45.61 | 43.88 | 40.43 | 23.91 | 20.42 | 20.28 |
Free Cash Flow |
1,190.15 | 1,451.58 | (769.85) | 2,368.30 | (799.12) | (1,311.14) | (1,388.96) | 3,458.18 | — |
Working Capital |
(8,152.29) | (7,650.57) | (9,007.83) | (11,395.41) | (8,215.25) | (11,334.22) | (16,049.40) | (14,341.53) | (13,998.89) |
Capital Expenditures |
(2,386.33) | (1,172.75) | (3,094.98) | (2,142.72) | (1,190.06) | (2,502.78) | (1,024.89) | (1,361.14) | — |
Net Current Asset Value |
(19,821.15) | (20,467.07) | (21,820.05) | (30,800.99) | (29,308.48) | (31,129.73) | (33,202.15) | (32,398.68) | (33,297.76) |
EV/EBIT |
1.47 | 2.52 | 9.70 | 17.80 | 823.66 | 0.00 | 0.00 | — | — |
Capex to Sales |
0.14 | 0.06 | 0.14 | 0.10 | 0.09 | 0.16 | 0.08 | 0.06 | 0.00 |
Price to Operating Income |
1.01 | 1.64 | 2.65 | 4.62 | 227.73 | 0.00 | 0.00 | — | — |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.09 | 0.08 | 0.08 | 0.29 | 0.29 | 0.27 | 0.27 | 0.29 | 0.00 |
Cash ROIC |
5.00% | 5.53% | (2.51%) | 12.52% | (2.92%) | (2.98%) | (3.49%) | 9.76% | 0.00% |
Accounts Receivable Turnover |
17.54 | 17.76 | 15.39 | 13.77 | 8.47 | 8.99 | 7.39 | 13.65 | 11.17 |
Accounts Payable Turnover |
22.49 | 31.02 | 34.72 | 29.85 | 18.33 | 30.44 | 35.07 | 42.43 | 29.59 |
Inventory Turnover |
31.14 | 38.91 | 46.36 | 38.49 | 20.57 | 27.64 | 32.95 | 50.80 | 46.24 |
Average Days of Payables |
13.50 | 12.32 | 11.06 | 11.98 | 17.32 | 10.64 | 10.95 | 9.52 | 15.72 |
Days of Inventory on Hand |
11.26 | 9.40 | 8.14 | 9.79 | 17.11 | 13.23 | 9.88 | 7.44 | 8.80 |
Average Receivables |
986.66 | 1,064.91 | 1,409.82 | 1,621.42 | 1,584.39 | 1,753.09 | 1,749.88 | 1,655.43 | 2,170.45 |
Average Payables |
344.34 | 300.45 | 331.69 | 342.08 | 296.74 | 232.03 | 217.12 | 255.78 | 390.36 |
Average Inventory |
248.71 | 239.53 | 248.39 | 265.32 | 264.47 | 255.54 | 231.08 | 213.62 | 249.81 |
Average Assets |
30,047.01 | 31,268.39 | 34,842.13 | 40,863.24 | 45,852.69 | 48,695.30 | 48,248.73 | 45,072.83 | 44,823.00 |
Average Common Equity |
8,129.44 | 8,765.13 | 10,556.52 | 11,523.09 | 11,762.50 | 12,717.11 | 10,662.54 | 7,812.90 | 7,374.47 |
Columns are period end dates