Why is Spring Airlines Co., Ltd. ?
1
With ROE of 11.87%, it has a very attractive valuation with a 2.75 Price to Book Value
- Over the past year, while the stock has generated a return of -1.75%, its profits have fallen by -24.3%
- At the current price, the company has a high dividend yield of 1.7
How much should you buy?
- Overall Portfolio exposure to Spring Airlines Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Airline should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Airline)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Spring Airlines Co., Ltd. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Spring Airlines Co., Ltd.
-1.75%
-0.19
24.30%
China Shanghai Composite
14.77%
1.01
14.58%
Quality key factors
Factor
Value
Sales Growth (5y)
11.79%
EBIT Growth (5y)
41.37%
EBIT to Interest (avg)
-0.74
Debt to EBITDA (avg)
5.32
Net Debt to Equity (avg)
0.57
Sales to Capital Employed (avg)
0.49
Tax Ratio
19.49%
Dividend Payout Ratio
35.24%
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
2.97%
ROE (avg)
5.70%
Valuation Key Factors 
Factor
Value
P/E Ratio
23
Industry P/E
Price to Book Value
2.75
EV to EBIT
32.04
EV to EBITDA
11.99
EV to Capital Employed
2.16
EV to Sales
2.80
PEG Ratio
NA
Dividend Yield
1.67%
ROCE (Latest)
6.73%
ROE (Latest)
11.87%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Sideways
Moving Averages
Bullish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
0What is working for the Company
NO KEY POSITIVE TRIGGERS
-5What is not working for the Company
NET PROFIT(9M)
At CNY 1,589.23 MM has Grown at -28.07%
RAW MATERIAL COST(Y)
Grown by 7.5% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 60.14%
Here's what is not working for Spring Airlines Co., Ltd.
Net Profit
At CNY 1,589.23 MM has Grown at -28.07%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (CNY MM)
Inventory Turnover Ratio
Lowest at 60.14%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Raw Material Cost
Grown by 7.5% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






