China Aerospace Comps

(as of 18/10/19)
Ticker Company Share price (local) Market cap (US$MM) Firm value (US$MM) 2019E FV/Sales 2020E FV/Sales 2019E FV/EBITDA 2020E FV/EBITDA 2019E P/E 2020E P/E
China Aerospace
000768.SZ AVIC Aircraft 中航飞机 15.17 5,833MM 5,665MM 1.1x 1.0x 32.5x 28.4x 63.9x 54.1x
600038.SH Avicopter 中航直升机 42.99 3,520MM 3,200MM 1.4x 1.2x 23.4x 19.8x 39.6x 32.0x
600372.SH China Avionics Systems 中航航空电子系统 13.63 3,331MM 4,031MM 3.4x 3.0x 23.0x 20.4x 41.4x 35.4x
002465.SZ 广州海格通信集团 9.40 3,010MM 2,970MM 4.4x 3.5x 33.7x 24.1x 38.3x 28.0x
2357.HK AviChina Industry & Technology 中国航空科技工业 3.72 2,978MM 6,373MM 1.1x 1.0x 9.6x 8.4x 13.9x 11.8x
Mean 2.3x 1.9x 24.4x 20.2x 39.4x 32.3x
Median 1.4x 1.2x 23.4x 20.4x 39.6x 32.0x