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STOCK COMPARISON

China Southern Airlines Co Ltd Class A vs Delta Air Lines: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Southern Airlines Co Ltd Class A (600029) and Delta Air Lines (DAL) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Delta Air Lines as the more attractively valued of the two: China Southern Airlines Co Ltd Class A trades at ¥5.18 versus a fair value of ¥1.58 (-69%), while Delta Air Lines trades at $91.98 versus $98.57 (+7%).
China Southern Airlines Co Ltd Class A
600029.SHG · CNY · Industrials
-69%
upside to fair value
overvalued
Price¥5.18
Fair Value¥1.58
Quality44/100
Delta Air Lines
DAL · USD · Industrials
+7%
upside to fair value
fairly valued
Price$91.98
Fair Value$98.57
Quality57/100

Head-to-head numbers

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

China Southern Airlines Co Ltd Class ADelta Air Lines
Valuation
29.5×P/E (TTM)14.4×
0.49×P/S (TTM)0.81×
2.55×P/B2.67×
5.3×EV/EBITDA8.5×
1.09×PEG39.29×
Dividend yield0.9%
Dividend per share$0.78
Profitability
2%Net margin6%
6%Operating margin8%
10%Return on equity20%
2%Return on assets4%
Growth
10%Revenue growth (YoY)19%
27.9%Avg. growth/yr (3Y)7.8%
14.5%Avg. growth/yr (5Y)30.0%
Balance & size
1.36×Debt / equity0.60×
$13BMarket cap$55B
healthyGrowth qualityhealthy

Delta Air Lines leads: 5 to 8 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.

China Southern Airlines Co Ltd Class Aof which business quality 46 · market factors 38 Delta Air Linesof which business quality 48 · market factors 78
ProfitabilityMargins and returns on capital today
20
52
Quality GrowthAre margins and returns improving?
52
36
CashflowEarnings quality: real cash, not paper profit
65
46
Fin. StrengthBalance sheet, leverage, solvency risk
5
38
InvestmentDisciplined investing over empire-building
79
51
Low VolatilityCalm price path (market factor)
81
42
MomentumPrice trend over the last 3–12 months (market factor)
23
91
52W MomentumDistance to the 52-week high (market factor)
15
96
Net IssuanceBuybacks instead of dilution
83
74

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.

China Southern Airlines Co Ltd Class A

DCF Models¥13.03
Earnings-Based¥0.87
Dividend Discount¥5.64
Multiples¥2.78
Asset-Based¥1.32
Growth DCF¥15.31
Economic Profit¥2.45
Growth Earnings¥0.78

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

Delta Air Lines

DCF Models$115
Earnings-Based$60.01
Dividend Discount$11.58
Multiples$138
Asset-Based$21.14
Growth DCF$99.27
Economic Profit$77.60
Growth Earnings$138

10 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.

China Southern Airlines Co Ltd Class A
Bear ¥0.92Fair Value ¥1.58Bull ¥1.58
¥5.18 = current price (white tick)
Delta Air Lines
Bear $55.99Fair Value $98.57Bull $136
$91.98 = 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.

China Southern Airlines Co Ltd Class A · Industrials

Quality score44 · below median
Fair value upside-69% · bottom 25%

Delta Air Lines · Industrials

Quality score57 · above median
Fair value upside+7% · above median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Delta Air Lines as the more attractively valued of the two: China Southern Airlines Co Ltd Class A trades at ¥5.18 versus a fair value of ¥1.58 (-69%), while Delta Air Lines trades at $91.98 versus $98.57 (+7%).

Delta Air Lines has the higher quality score (57/100).

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.