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Eastern Air Logistics Co Ltd (601156) Fair Value & Analysis

Industrials · CN · Market cap 27.5B CNY (≈ $4.1B) · ISIN CNE1000051G0

What is Eastern Air Logistics Co Ltd really worth?

EA Eastern Air Logistics Co Ltd 601156 · SHG
Price¥19.25
Fair Value¥35.56
Upside+84.7%
Quality67/100

A solid business, trading 46% below our fair value of ¥35.56.

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Strengths

Healthy Growth (revenue 5y +9.9 %/yr)
Solidly profitable · 10.8% net margin
generates free cash flow
Ranks above peers (11/13)

Risks

!Moderate moat 58/100

For context

·3.52% dividend yield
Evidence: High Range ¥26.67 – ¥44.45

Fair value as of: Aug 21, 2026

From 26 valuation models · updated 15 days ago

Share price +13.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (¥26.67). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

¥23.80 ¥10.15 Fair Value ¥35.56 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥10.15 – ¥23.80 · fair‑value band ¥26.67 – ¥44.45 · the ¥19.25 price screens below the ¥35.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Eastern Air Logistics Co Ltd (601156) currently trades at ¥19.25, while our model-based Fair Value estimate is ¥35.56, implying the stock looks roughly 45.9% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥50.80 per share, and 20 of the 26 models we run sit above the ¥19.25 price. Bear case: the Dividend Discount group reads lowest at ¥4.64, and 6 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Eastern Air Logistics Co Ltd generated revenue of 24.3B CNY at a net margin of 11.1%. Revenue grew 9.9% year over year. It earns a return on equity of 14.9%. The balance sheet holds a net cash position of 1.6B CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥26.67 (bear case) to ¥44.45 (bull case); at ¥19.25, 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 2% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −5% fair-value upside, at 85%, 601156 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.7019 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence ¥39.63 ¥64.44 ¥105.72 77
Growth DCF ¥39.67 ¥63.21 ¥101.80 74
Owner Earnings ¥26.61 ¥42.08 ¥67.81 72
All 26 models by family
DCF Models
FCF DCF best evidence ¥39.63 ¥64.44 ¥105.72 77
Owner Earnings ¥26.61 ¥42.08 ¥67.81 72
5Y Revenue Exit ¥29.06 ¥43.43 ¥62.15 70
5Y EBITDA Exit ¥38.08 ¥61.41 ¥89.85 72
5Y P/E Exit ¥32.76 ¥50.80 ¥70.66 68
10Y Revenue Exit ¥31.77 ¥46.34 ¥67.08 64
10Y EBITDA Exit ¥38.31 ¥59.28 ¥89.54 65
10Y P/E Exit ¥34.82 ¥51.64 ¥73.97 61
Earnings-Based
Graham-Dodd ¥11.51 ¥47.32 ¥64.45 64
Lynch FV ¥11.90 ¥17.00 ¥22.10 61
PEG = 1.0 ¥11.90 ¥17.00 ¥22.10 57
EPV ¥22.62 ¥25.54 ¥28.10 70
Dividend Discount
Gordon GGM ¥2.64 ¥5.50 ¥8.72 66
DDM Multi-Stage ¥2.64 ¥4.64 ¥5.77 66
Multiples
P/E Multiple ¥26.67 ¥35.56 ¥44.45 63
P/S Multiple ¥21.59 ¥28.78 ¥35.98 58
P/B Multiple ¥21.59 ¥28.78 ¥35.98 55
EV/EBIT ¥36.58 ¥47.08 ¥57.58 63
EV/EBITDA ¥40.47 ¥52.27 ¥64.07 64
EV/Revenue ¥24.32 ¥32.57 ¥40.81 52
Asset-Based
NCAV (Graham) ¥6.22 ¥8.33 ¥12.44 51
Growth DCF
Growth DCF ¥39.67 ¥63.21 ¥101.80 74
Rev-Margin DCF ¥29.06 ¥43.43 ¥61.38 70
Economic Profit
Residual Income ¥12.00 ¥15.30 ¥40.45 68
ROIC Compounder ¥24.62 ¥30.66 ¥38.15 70
Growth Earnings
Growth-Adj P/E ¥20.52 ¥29.32 ¥38.11 67

Widest divergence: DCF Models (¥50.80) versus Dividend Discount (¥4.64). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 11.3
P/S ratio 1.25 P/E × margin
EPS (TTM) ¥1.71 price ÷ EPS = P/E 11.3
Dividend yield 3.5% payout 39.6%
Net margin 11.1% FY2025
Return on equity 14.7% TTM
More key figures
Profitability
Return on assets (EBIT) 18.7% avg 5y
Operating margin 14.4% TTM
Growth
Revenue (TTM) 25.3B CNY TTM
Revenue growth (YoY) +18.8% 3y avg +1.1%
EPS growth (YoY) +5.9%
Balance sheet & cash flow
Free cash flow 4.4B CNY FY2025
Net cash 1.6B CNY FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 76

Profitability 48
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Eastern Air Logistics Co., Ltd. provides air express, comprehensive ground, and multimodal transport services. The company offers air cargo logistics services covering international and domestic airline networks, including cargo aircraft transportation and passenger aircraft bellyhold transportation; ground services, such as assembly, sorting, transfer, and …

Full company description

Eastern Air Logistics Co., Ltd. provides air express, comprehensive ground, and multimodal transport services. The company offers air cargo logistics services covering international and domestic airline networks, including cargo aircraft transportation and passenger aircraft bellyhold transportation; ground services, such as assembly, sorting, transfer, and warehousing of flight import and export cargo; assistance in the completion of flight inbound and outbound cargo document information operations; and supporting customs supervision area warehousing services for the inspection of air cargo. It also offers integrated logistics solutions, including cross-border e-commerce, inter-industry project supply chain, air special cargo, direct delivery to the origin, and personalized supply chain solutions. The company was founded in 2004 and is headquartered in Shanghai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eastern Air Logistics Co Ltd reported revenue of 24.2B CNY in FY2025 versus 22.2B CNY in FY2021, a compound +2.2%/yr. Reported net income was 2.7B CNY in FY2025, compounding −7.2%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
24.2B CNY
Latest YoY
+0.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.1%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.9%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.1% (2.6 + 3.5)
Revenue +2.2%/yr
FY21 22.2B CNY
FY22 23.5B CNY
FY23 20.6B CNY
FY24 24.1B CNY
FY25 24.2B CNY
Net income −7.2%/yr
FY21 3.6B CNY
FY22 3.6B CNY
FY23 2.5B CNY
FY24 2.7B CNY
FY25 2.7B CNY

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Cite: Fair Value Calculator (2026). "Eastern Air Logistics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601156

Peer Group

Integrated Freight & Logistics · 206 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.

Quality Score 67 · Top 25%
Fair Value upside +85% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 3.5% · Above median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than median
P/B 1.39× · Pricier than median
P/S (TTM) 1.09× · Pricier than median
P/FCF 0.9× · Cheaper than median
EV/EBITDA 3.9× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 44
FUTURE94 · sector 8
PAST59 · sector 26
HEALTH0 · sector 94
DIVIDEND70 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $105.33 $103.34 −2%
FedEx Corporation FDX $330.88 $347.68 +5%
Deutsche Post AG DHL €56.14 €53.18 −5%
DSV A/S DSV kr 1,358 kr 712.57 −48%
Kuehne + Nagel International AG KNIN CHF 219.90 CHF 147.92 −33%
J.B. Hunt Transport Services, Inc JBHT $256.48 $133.80 −48%
S.F. Holding 002352 ¥32.96 ¥48.64 +48%
C.H. Robinson Worldwide, Inc CHRW $150.39 $86.56 −42%
Expeditors International of Washington, Inc EXPD $190.97 $115.95 −39%
ZTO Express (Cayman) Inc ZTO $21.50 $28.62 +33%

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Frequently asked questions

Is Eastern Air Logistics Co Ltd (601156) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥35.56 versus a price of ¥19.25, about +85% upside (undervalued).
What is the fair value of 601156?
Our model-based fair value for Eastern Air Logistics Co Ltd is ¥35.56 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥19.25.
What is the quality score of 601156?
Eastern Air Logistics Co Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Eastern Air Logistics Co Ltd (601156)?
Eastern Air Logistics Co Ltd reported trailing-twelve-month revenue of about 24.3B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 601156?
The net profit margin of Eastern Air Logistics Co Ltd is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Eastern Air Logistics Co Ltd pay a dividend?
Eastern Air Logistics Co Ltd currently shows a dividend yield of about 3.52% relative to its recent price (as of Aug 21, 2026).
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