Beijing Capital International Airport Company Limited (HKG:694) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Last week saw the newest yearly earnings release from Beijing Capital International Airport Company Limited (HKG:694), an important milestone in the company's journey to build a stronger business. It was a pretty bad result overall; while revenues were in line with expectations at CN¥5.6b, statutory losses exploded to CN¥0.14 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the current consensus from Beijing Capital International Airport's eight analysts is for revenues of CN¥6.08b in 2026. This would reflect a modest 7.9% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥6.25b and earnings per share (EPS) of CN¥0.045 in 2026. The analysts seem less optimistic after the recent results, reducing their revenue forecasts and making a earnings per share numbers.
Check out our latest analysis for Beijing Capital International Airport
We'd also point out that thatthe analysts have made no major changes to their price target of HK$2.78. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Beijing Capital International Airport analyst has a price target of HK$3.63 per share, while the most pessimistic values it at HK$1.80. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Beijing Capital International Airport's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 7.9% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.9% per year. Even after the forecast slowdown in growth, it seems obvious that Beijing Capital International Airport is also expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded Beijing Capital International Airport's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at HK$2.78, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Beijing Capital International Airport analysts - going out to 2028, and you can see them free on our platform here.
It is also worth noting that we have found 1 warning sign for Beijing Capital International Airport that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.