China Southern Airlines (600029) Stock Price, Fundamentals & Analysis

What 600029 does

China Southern Airlines (600029) is a stock listed on the Shanghai Stock Exchange in the Industrials sector, Airlines industry. The company, together with its subsidiaries, provides airline transport services in China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Aviation Operations and Other, offering air passenger, freight, mail, airline catering, hotel and travel, leasing, and internet services. China Southern Airlines also provides online services, including seat and check-in, change/refund, flight status, pre-paid luggage, transfer accommodation, and meal booking. The company was incorporated in 1995 and is headquartered in Guangzhou, China. It operates as a subsidiary of China Southern Air Holding Company Limited.

Key numbers explained

• The current price is 4.86 CNY, down 2.21% today. The 52-week range is 4.8 – 8.46, and the price has fallen 18.3% over the last year.
• The market capitalisation is 88.07 mld. CNY, representing the total market value of all outstanding shares.
• The forward P/E ratio is 23.5, which compares the current price to expected future earnings.
• The trailing 12-month earnings per share is -0.09 CNY, indicating a net loss per share over the last year.
• The dividend yield is 0%, with an ex-dividend date of 24 iul. 2019 and 0% of earnings paid out as dividends.
• The beta is 0.35, suggesting the stock tends to be less volatile than the overall market.
• The debt-to-equity ratio is 497.2%, meaning the company carries a high level of debt relative to shareholder equity.
• The price-to-book ratio is 2.92, comparing the market price to the book value per share.

What to watch

As an airline stock, China Southern Airlines (600029) is sensitive to fuel prices, foreign exchange rates, and global travel demand. Regulatory changes in China and international markets can affect routes and costs. The company's high debt level means interest rate movements and credit conditions are worth monitoring. For broader context, it is part of the CSI 300 index, and investors often compare it with peers such as China Cosco Holdings (601919) or Shanghai International Airport (600009).