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FTSE Factsheet FTSE COMPANY REPORT Share price analysis relative to sector and index performance Data as at: 11 September 2015 Air China Ltd TICKER Travel & Leisure — GBP 0.774052 at close 11 September 2015 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 11-Sep-2015 11-Sep-2015 11-Sep-2015 0.9 160 190 1D WTD MTD YTD 180 Absolute 0.0 0.0 0.0 57.5 150 Rel.Sector 0.2 -0.8 -0.2 51.1 0.8 170 Rel.Market 0.5 -1.1 1.8 65.0 140 160 0.7 150 VALUATION 130 (local currency) (local 140 Trailing 120 0.6 Relative Price Relative Price 130 PE 26.3 120 Absolute Price Price Absolute 110 EV/EBITDA 11.0 0.5 110 100 PCF 6.8 100 PB 1.9 0.4 90 90 Price/Sales 0.9 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Div Yield 0.7 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Div Payout 17.9 100 100 100 ROE 7.1 90 90 90 Net Debt/Equity 2.1 80 80 80 70 70 70 60 60 DESCRIPTION 60 50 50 50 The Group provides of airline and airline-related 40 40 RSI (Absolute) RSI 40 services, including aircraft engineering services, air 30 30 catering services and airport ground handling 20 20 30 services, mainly in Mainland China, Hong Kong and 10 10 20 Macau. RSI (Relative to FTSE UK All-Share Index) UK All-Share to FTSE (Relative RSI RSI (Relative to FTSE UK All-Share Sector) UK All-Share to FTSE (Relative RSI 0 0 10 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 See final page and http://www.londonstockexchange.com/prices-and-markets/stocks/services-stock/ftse-note.htm for further details. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Air China Ltd 11 September 2015 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Aug-2015 31-Aug-2015 31-Aug-2015 26.4 11 1.87 26.3 +1SD 1.86 26.2 +1SD 10.95 +1SD 26.1 1.85 26 10.9 1.84 25.9 Avg 1.83 25.8 Avg 10.85 25.7 1.82 Avg 25.6 1.81 25.5 10.8 -1SD 1.8 25.4 25.3 -1SD 10.75 1.79 -1SD Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 TUI AG 112.0 Dominos Pizza Group 24.1 Betfair Group 25.0 Carnival 43.3 Betfair Group 19.1 Stagecoach Group 22.9 Dominos Pizza Group 34.1 Carnival 18.3 Go-Ahead Group 21.9 Greene King 28.2 Playtech 15.6 Dominos Pizza Group 19.9 Cineworld Group 28.1 InterContinental Hotels Group 14.9 Compass Group 9.3 Air China Ltd 26.3 Air China Ltd 11.0 Air China Ltd 1.9 Sportech -6.0 Ladbrokes 5.2 Punch Taverns 1.0 Bwin.Party Digital Entertainment -12.6 Flybe Group 5.0 FirstGroup 0.9 Thomas Cook Group -13.6 FirstGroup 4.3 Millennium & Copthorne Hotels 0.8 Marstons -17.3 Wizz Air Holdings 4.2 Enterprise Inns 0.4 SSP Group -43.0 Thomas Cook Group 2.0 InterContinental Hotels Group 0.0 -60 -40 -20 0 20 40 60 80 100 120 0 5 10 15 20 25 30 0 5 10 15 20 25 30 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Aug-2015 31-Aug-2015 31-Aug-2015 6.85 0.71 0.95 +1SD 0.945 6.8 0.705 +1SD 0.94 +1SD 0.7 6.75 0.935 0.695 Avg 6.7 0.93 0.69 Avg 0.925 6.65 Avg 0.685 -1SD 0.92 6.6 0.68 0.915 -1SD 6.55 0.675 0.91 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 TUI AG 26.0 Ladbrokes 8.0 Playtech 7.5 Dominos Pizza Group 24.4 Marstons 4.4 Betfair Group 5.0 Cineworld Group 20.1 National Express Group 3.6 InterContinental Hotels Group 5.0 Betfair Group 17.1 William Hill 3.3 Dominos Pizza Group 5.0 InterContinental Hotels Group 17.1 Go-Ahead Group 3.3 Whitbread 3.4 Air China Ltd 6.8 Air China Ltd 0.7 Air China Ltd 0.9 Wetherspoon(J D) 6.3 Wizz Air Holdings 0.0 TUI AG 0.5 Flybe Group 6.1 SSP Group 0.0 Go-Ahead Group 0.4 Enterprise Inns 5.3 Punch Taverns 0.0 Flybe Group 0.3 FirstGroup 4.0 Mitchells & Butlers 0.0 FirstGroup 0.2 Punch Taverns -100.0 Flybe Group 0.0 Thomas Cook Group 0.2 -120 -100 -80 -60 -40 -20 0 20 40 0123456789 012345678 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Air China Ltd 11 September 2015 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Aug-2015 31-Aug-2015 31-Aug-2015 3 20 8 18 16 14 12 10 8 6 4 2 2 0 7 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Sep-2010 Sep-2011 Sep-2012 Sep-2013 Sep-2014 Punch Taverns 9.4 InterContinental Hotels Group 100.0 Go-Ahead Group 50.0 Stagecoach Group 8.3 Ladbrokes 100.0 Stagecoach Group 50.0 Go-Ahead Group 6.4 TUI AG 100.0 Betfair Group 50.0 Thomas Cook Group 5.4 Greene King 94.6 Wizz Air Holdings 50.0 Wetherspoon(J D) 2.7 National Express Group 89.0 Dominos Pizza Group 50.0 Air China Ltd 2.1 Air China Ltd 17.9 Air China Ltd 7.1 Restaurant Group 0.2 Wizz Air Holdings 0.0 Sportech -16.4 Bwin.Party Digital Entertainment 0.1 Merlin Entertainments 0.0 Flybe Group -21.4 Wizz Air Holdings 0.1 Flybe Group 0.0 Thomas Cook Group -31.2 Betfair Group 0.0 Betfair Group 0.0 Punch Taverns -50.0 888 Holdings 0.0 Marstons 0.0 SSP Group -50.0 012345678910 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 30 4 8 3.5 7 25 BET SGC 3 6 GOG 20 DOM 2.5 5 2 4 PB 15 1.5 3 10 CPG 1 2 TCG SSPG 0.5 1 5 RTN TUI PTEC WTB IAG 888 MERLJDW CINE EZJ RNK WIZZ GNKLAD WMH 0 0 BPTY CCL NEXAir ChinaFSTA Ltd PUBSPOMARSFLYB MLCFGP MAB 2011 2012 2013 2014 2015 0 ETI 0 102030405060 Net Margin Asset Turnover Gearing ROE (rhs) ǁ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Air China Ltd 11 September 2015 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions.
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