Xiamen International Airport Co (600897) Fair Value & Analysis
Industrials · CN · Market cap 6.1B CNY
Fair value as of: Aug 8, 2026
From 24 valuation models · updated 2 days ago
Share price −0.2% over the past month.
A solid business, screening 78% undervalued on our models.
What matters now
- The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (¥19.58). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥9.96 – ¥20.81 · fair‑value band ¥19.58 – ¥32.63 · the ¥14.63 price screens below the ¥26.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Xiamen International Airport Co (600897) currently trades at ¥14.63, while our model-based Fair Value estimate is ¥26.11, implying the stock looks roughly 78.5% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Xiamen International Airport Co generated revenue of 2.1B CNY at a net margin of 24.6%. Revenue grew 1.0% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of 93.9M CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥19.58 (bear case) to ¥32.63 (bull case); at ¥14.63, the current price sits below 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 35% below its 52-week high and 4% 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 78%, 600897 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.
All 24 models by family
Widest divergence: DCF Models (¥31.88) versus Asset-Based (¥7.80). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Xiamen International Airport Co.,Ltd engages in the airport operations in China. The company's route network covers various cities in Chinese Mainland and Hong Kong, Macao and Taiwan, Southeast Asia and Northeast Asia, Europe, the United States, Africa, and Australia.
Full company description
Xiamen International Airport Co.,Ltd engages in the airport operations in China. The company's route network covers various cities in Chinese Mainland and Hong Kong, Macao and Taiwan, Southeast Asia and Northeast Asia, Europe, the United States, Africa, and Australia. It offers boarding, air freight, office leasing, automotive industry, aviation services, logistics partnerships, e-commerce collaborations, bidding agency services, advertising and media, and on-site services. The company was founded in 1983 and is based in Xiamen, China. Xiamen International Airport Co.,Ltd is a subsidiary of Xiamen Xiangye Group Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Xiamen International Airport Co reported revenue of ¥2.1B in FY2025 versus ¥1.2B in FY2021, a compound +13.5%/yr. Reported net income was ¥518M in FY2025, compounding +38.3%/yr from FY2021.
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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.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €26.24 | €28.41 | +8% |
| Airports of Thailand Public Company TATD | 2.44 SGD | 1.25 SGD | -49% |
| Grupo Aeroportuario del Pacífico, S.A. PAC | $220.91 | $246.06 | +11% |
| GMR Airports Limited GMRINFRA | ₹112.80 | ₹22.29 | -80% |
| Flughafen Zürich AG FHZN | CHF 237.20 | CHF 121.30 | -49% |
| Shanghai International Airport Co 600009 | ¥24.08 | ¥17.09 | -29% |
| Auckland International Airport Limited AIA | A$7.11 | A$2.80 | -61% |
| Fraport AG FRA | €69.35 | €49.83 | -28% |
| Københavns Lufthavne A/S KBHL | kr 5,660 | kr 1,821 | -68% |
| SATS Ltd S58 | 4.82 SGD | 4.03 SGD | -16% |
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Frequently asked questions
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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.
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