Hainan Airlines Holding Co Ltd
SSE:600221
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (2.3), the stock would be worth ¥1.57 (9% upside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2.1 | ¥1.44 |
0%
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| 3-Year Average | 2.3 | ¥1.57 |
+9%
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| 5-Year Average | 2.3 | ¥1.61 |
+12%
|
| Industry Average | 1.9 | ¥1.33 |
-8%
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| Country Average | 3.3 | ¥2.27 |
+58%
|
Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
¥151.6B
|
/ |
Oct 2025
¥66.9B
|
= |
|
|
¥151.6B
|
/ |
Dec 2025
¥70.3B
|
= |
|
|
¥151.6B
|
/ |
Dec 2026
¥77.7B
|
= |
|
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¥151.6B
|
/ |
Dec 2027
¥84.9B
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| CN |
|
Hainan Airlines Holding Co Ltd
SSE:600221
|
62.2B CNY | 2.1 | -249.8 | |
| BR |
|
Gol Linhas Aereas Inteligentes SA
BOVESPA:GOLL4
|
11.7T BRL | 586.3 | -2.1 | |
| US |
|
Delta Air Lines Inc
NYSE:DAL
|
45B USD | 0.8 | 10 | |
| US |
|
United Airlines Holdings Inc
NASDAQ:UAL
|
30.2B USD | 0.6 | 8.2 | |
| CH |
|
Kinarus Therapeutics Holding AG
SIX:KNRS
|
19.5B CHF | 0 | -1 404.3 | |
| UK |
|
International Consolidated Airlines Group SA
LSE:IAG
|
17.6B GBP | 0.7 | 6 | |
| IE |
R
|
Ryanair Holdings PLC
LSE:RYA
|
15.4B EUR | 1 | 8 | |
| IN |
|
Interglobe Aviation Ltd
NSE:INDIGO
|
1.7T INR | 2.2 | 54.4 | |
| US |
|
Southwest Airlines Co
NYSE:LUV
|
19.4B USD | 0.7 | 23.7 | |
| CN |
|
Air China Ltd
SSE:601111
|
118.1B CNY | 1.7 | -66.7 | |
| SG |
|
Singapore Airlines Ltd
SGX:C6L
|
20B SGD | 1.1 | 8.7 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.7 |
| Median | 3.3 |
| 70th Percentile | 6.2 |
| Max | 5 034 353.9 |
Other Multiples
Hainan Airlines Holding Co Ltd
Glance View
Hainan Airlines Holding Co., Ltd., nestled within the lush landscapes of China's Hainan province, has crafted a narrative of ascension that mirrors its humble beginnings as a local airline to its impressive stature as a significant player in the global aviation industry. Emerging from the tropical island in 1993, the airline embarked on a journey of expansion that saw it navigate the complexities of China's burgeoning air travel market with strategic precision. It was the visionary leadership inspired by a broader economic reform ethos that propelled its rise. Hainan Airlines stands tall as a subsidiary of the sprawling HNA Group, reflecting an intricate weave of aviation and logistics that stretches beyond simple air travel. With a fleet incorporating over 300 aircraft, the company's reach extends to more than 90 domestic and international destinations, making it a conduit of cultural and economic exchange across continents. Hainan Airlines monetizes its operations primarily through passenger services, interwoven with cargo transport that complements its income streams. Unlike airlines content with conventional narratives, Hainan audaciously pursued international alliances and adopted modern aircraft technologies to enhance fuel efficiency and passenger comfort — a dual focus that appeals to both the environmentally conscious traveler and the discerning globetrotter. It supplements this with ancillary revenue streams, including in-flight services and a loyalty program, which not only cultivate passenger loyalty but also fortify its financial foundation. This multimodal approach, balanced by its strategic geographic location in China’s Special Economic Zone, positions Hainan Airlines not just as a carrier, but as a gateway connecting the dynamic economies of the East and West. Through these avenues, it turns the vast skies into pathways of prosperity, offering a narrative where ambition meets possibility, every day.