As of 2025-05-16, the Intrinsic Value of Shenzhen Airport Co Ltd (000089.SZ) is 3.64 CNY. This 000089.SZ valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 7.11 CNY, the upside of Shenzhen Airport Co Ltd is -48.8%.

The range of the Intrinsic Value is 0.82 - 14.39 CNY.

Is 000089.SZ undervalued or overvalued?

Based on its market price of 7.11 CNY and our intrinsic valuation, Shenzhen Airport Co Ltd (000089.SZ) is overvalued by 48.8%.

7.11 CNY

Stock Price

3.64 CNY

Intrinsic Value

Intrinsic Value Details

000089.SZ Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	0.82 - 14.39	3.64	-48.8%
DCF (Growth Exit 10Y)	5.94 - 31.82	11.34	59.4%
DCF (EBITDA Exit 5Y)	14.19 - 19.25	16.24	128.4%
DCF (EBITDA Exit 10Y)	18.18 - 25.95	21.38	200.7%
Peter Lynch Fair Value	0.96 - 0.96	0.96	-86.45%
P/E Multiples	4.04 - 5.8	4.96	-30.3%
EV/EBITDA Multiples	(0.34) - 8.00	3.56	-49.9%
Dividend Discount Model - Stable	1.66 - 5.37	3.51	-50.6%
Dividend Discount Model - Multi Stages	4.13 - 10.31	5.89	-17.2%

000089.SZ Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Shanghai International Airport Co Ltd	10.7 - 33.66	16.76	-48.6%
Malaysia Airports Holdings Bhd	6.45 - 15.44	9.24	-15.3%
Guangdong Provincial Expressway Development Co Ltd	12.72 - 32.93	18.33	29.7%
Shenzhen Expressway Co Ltd	2.89 - 23.98	8.84	-22.4%
Anhui Expressway Co Ltd	15.71 - 32.77	20.88	20.2%
Guangzhou Baiyun International Airport Co Ltd	5.27 - 12.62	7.14	-23.5%
Beibu Gulf Port Co Ltd	7.22 - 17.71	10.53	18.5%
Saudi Ground Services Co	29.15 - 48.89	36.44	-26.7%
SIA Engineering Company Ltd	0.16 - 0.56	0.27	-88.9%
Fujian Expressway Development Co Ltd	4.55 - 7.25	5.56	52.2%

000089.SZ Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	14,581
Beta	0.86
Outstanding shares (mil)	2,051
Enterprise Value (mil)	23,095

Market risk premium	6.6%
Cost of Equity	9.65%
Cost of Debt	5%
WACC	7.1%