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STOCK COMPARISON

Shanghai International Airport Co vs Aena: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shanghai International Airport Co (600009) and Aena (AENA) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Shanghai International Airport Co trades at ¥23.93 versus a fair value of ¥17.09 (-29%), while Aena trades at €26.82 versus €28.41 (+6%).
Shanghai International Airport Co
600009.SHG · CNY · Industrials
-29%
upside to fair value
overvalued
Price¥23.93
Fair Value¥17.09
Quality58/100
Aena
AENA.MC · EUR · Industrials
+6%
upside to fair value
fairly valued
Price€26.82
Fair Value€28.41
Quality69/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shanghai International Airport CoAena
Valuation
27.7×P/E (TTM)18.2×
4.48×P/S (TTM)7.03×
1.41×P/B4.93×
11.3×EV/EBITDA13.1×
0.48×PEG3.02×
1.9%Dividend yield4.2%
¥0.47Dividend per share€1.09
Profitability
16%Net margin34%
17%Operating margin31%
6%Return on equity24%
2%Return on assets10%
Growth
1%Revenue growth (YoY)12%
34.5%Avg. growth/yr (3Y)14.4%
25.4%Avg. growth/yr (5Y)23.5%
Balance & size
0.06×Debt / equity0.53×
$9BMarket cap$45B
healthyGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shanghai International Airport Coof which business quality 67 · market factors 37 Aenaof which business quality 68 · market factors 64
ProfitabilityMargins and returns on capital today
29
63
Quality GrowthAre margins and returns improving?
66
50
CashflowEarnings quality: real cash, not paper profit
93
80
Fin. StrengthBalance sheet, leverage, solvency risk
70
72
InvestmentDisciplined investing over empire-building
78
56
Low VolatilityCalm price path (market factor)
95
81
MomentumPrice trend over the last 3–12 months (market factor)
15
51
52W MomentumDistance to the 52-week high (market factor)
9
66
Net IssuanceBuybacks instead of dilution
72
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shanghai International Airport Co

DCF Models¥37.56
Earnings-Based¥12.96
Dividend Discount¥9.33
Multiples¥18.08
Asset-Based¥11.45
Growth DCF¥38.36
Economic Profit¥14.45
Growth Earnings¥16.00

13 of 26 models see the stock below the current price.

Aena

DCF Models€28.39
Earnings-Based€14.12
Dividend Discount€17.57
Multiples€23.45
Asset-Based€4.11
Growth DCF€20.51
Economic Profit€14.75
Growth Earnings€23.47

16 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shanghai International Airport Co
Bear ¥12.53Fair Value ¥17.09Bull ¥21.65
¥23.93 = current price (white tick)
Aena
Bear €17.20Fair Value €28.41Bull €36.38
€26.82 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shanghai International Airport Co · Industrials

Quality score58 · above median
Fair value upside-29% · below median

Aena · Industrials

Quality score69 · Top 25%
Fair value upside+6% · above median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Aena as the more attractively valued of the two: Shanghai International Airport Co trades at ¥23.93 versus a fair value of ¥17.09 (-29%), while Aena trades at €26.82 versus €28.41 (+6%).

Aena has the higher quality score (69/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.