China Eastern Airlines Corporation (600115) Fair Value & Analysis
Industrials · CN · Market cap 80.8B CNY
Fair value as of: Aug 13, 2026
From 13 valuation models · updated today
Share price −3.6% over the past month.
Below-average quality, screening 302% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥9.89). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (¥9.89 to ¥18.51) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥3.41 – ¥6.39 · fair‑value band ¥9.89 – ¥18.51 · the ¥3.53 price screens below the ¥14.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
China Eastern Airlines Corporation (600115) currently trades at ¥3.53, while our model-based Fair Value estimate is ¥14.20, implying the stock looks roughly 302.3% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, China Eastern Airlines Corporation generated revenue of 144B CNY at a net margin of 0.7%. Revenue grew 10.9% year over year. It earns a return on equity of 2.2%. Net debt stands at 67.2B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥9.89 (bear case) to ¥18.51 (bull case); at ¥3.53, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 21% fair-value upside, at 302%, 600115 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 13 models by family
Widest divergence: Multiples (¥15.20) versus Asset-Based (¥1.15). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 31
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
China Eastern Airlines Corporation Limited, together with its subsidiaries, engages in the civil aviation business in the People's Republic of China and internationally. It operates through Aviation Operations and Other segments.
Full company description
China Eastern Airlines Corporation Limited, together with its subsidiaries, engages in the civil aviation business in the People's Republic of China and internationally. It operates through Aviation Operations and Other segments. The company is involved in air passenger, cargo, mail and baggage transportation and related services; general aviation; aircraft maintenance; aircraft equipment manufacturing and maintenance; agency business for domestic and foreign airlines; import and export of industry-related materials, equipment and technology; tourism services; hotel business; and other businesses related to air transportation. It also provides Engineering services; aircraft training; research and development services for technologies and products in the aviation field; investment, leasing, and consulting services; e-commerce and ticketing agency; value-added telecommunications; and produces and sells of aviation gifts and other general merchandise. The company operated a fleet of 826 aircraft. China Eastern Airlines Corporation Limited was founded in 1957 and is headquartered in Shanghai, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Eastern Airlines Corporation reported revenue of ¥140B in FY2025 versus ¥67.1B in FY2021, a compound +20.2%/yr. Reported net income was −¥1.6B in FY2025.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Airbus Secures $17.8 Billion China Jet Orders Before Farnborough Air Show
- China's Big Three Airlines Trail Cathay by Nearly 50 Percentage Points
- China Eastern Airlines Extends Complimentary Wi-Fi to Entire Wide-body Fleet, Marking Milestone in In-flight Connectivity
- Airbus (ENXTPA:AIR) Lands Record Orders From SAS And China Eastern
Peer Group
Airlines · 60 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Airlines median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Air Lines, Inc DAL | $89.93 | $115.82 | +29% |
| United Airlines Holdings UAL | $125.12 | $175.62 | +40% |
| Ryanair Holdings RYA | €25.47 | €41.26 | +62% |
| Southwest Airlines Co LUV | $44.98 | $14.76 | -67% |
| InterGlobe Aviation Limited INDIGO | ₹5,333 | ₹3,073 | -42% |
| Singapore Airlines Limited C6L | 7.09 SGD | 7.89 SGD | +11% |
| Air China Limited 601111 | ¥5.94 | ¥7.16 | +21% |
| China Southern Airlines Company 600029 | ¥5.07 | ¥1.28 | -75% |
| Cathay Pacific Airways Limited 0293 | HK$14.80 | HK$31.02 | +110% |
| Hainan Airlines Holding 600221 | ¥1.34 | ¥0.9400 | -30% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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