Shenzhen Airport Co (000089) Fair Value & Analysis

Industrials · CN · Market cap 13.4B CNY

A solid business, but screening 17% overvalued on our models.

What matters now

• Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
• Our model range runs from ¥4.03 (bear) to ¥6.72 (bull), base ¥5.38. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 64/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥5.81 – ¥8.63 · fair‑value band ¥4.03 – ¥6.72 · the ¥6.49 price screens above the ¥5.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Shenzhen Airport Co (000089) currently trades at ¥6.49, while our model-based Fair Value estimate is ¥5.38, implying the stock looks roughly 17.1% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Shenzhen Airport Co generated revenue of 5.2B CNY at a net margin of 11.9%. Revenue grew 7.1% year over year. It earns a return on equity of 5.3%. Net debt stands at 126M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥4.03 (bear case) to ¥6.72 (bull case); at ¥6.49, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -29% fair-value upside, at -17%, 000089 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (¥8.72) versus Earnings-Based (¥2.37). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Shenzhen Airport Co., Ltd. operates and manages Shenzhen Bao'an International Airport in China. The company engages in aviation ground support and ground handling services, including takeoff and landing and parking support, maintenance and operation management of airport flight control areas, passenger boarding, waiting and arrival/departure services, …

Full company description

Shenzhen Airport Co., Ltd. operates and manages Shenzhen Bao'an International Airport in China. The company engages in aviation ground support and ground handling services, including takeoff and landing and parking support, maintenance and operation management of airport flight control areas, passenger boarding, waiting and arrival/departure services, aircraft maintenance and auxiliary services, and ground handling services for air cargo. It is also involved in air logistics, commercial leasing, and advertising activities; and provision of value-added logistics services, such as air cargo transit, air logistics park leasing and management, and air freight forwarding services. The company was founded in 1991 and is based in Shenzhen, China. Shenzhen Airport Co., Ltd. operates as a subsidiary of Shenzhen Airport (Group) Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Airport Co reported revenue of ¥5.1B in FY2025 versus ¥3.3B in FY2021, a compound +11.6%/yr. Reported net income was ¥525M in FY2025.

000089 screens 17% overvalued. Compare with Aena S.M.E., S.A →

Peer Group

Airports & Air Services · 55 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Airports & Air Services median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.