Beijing Capital International Airport Company Limited (HKG:694) Not Lagging Industry On Growth Or Pricing

Simply Wall St.07-24

When you see that almost half of the companies in the Infrastructure industry in Hong Kong have price-to-sales ratios (or "P/S") below 1.5x, Beijing Capital International Airport Company Limited (HKG:...

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However, the P/S might be high for a reason and it requires further investigation to determine if it's justified.     See our latest analysis for Beijing Capital International Airport SEHK:694 Price to Sales Ratio vs Industry July 24th 2024 How Beijing Capital International Airport Has Been Performing  With revenue growth that's superior to most other companies of late, Beijing Capital International Airport has been doing relatively well.   It seems the market expects this form will continue into the future, hence the elevated P/S ratio.  You'd really hope so, otherwise you're paying a pretty hefty price for no particular reason.      Keen to find out how analysts think Beijing Capital International Airport's future stacks up against the industry? In that case, our free report is a great place to start.  How Is Beijing Capital International Airport's Revenue Growth Trending?   In order to justify its P/S ratio, Beijing Capital International Airport would need to produce impressive growth in excess of the industry.   Taking a look back first, we see that the company grew revenue by an impressive 109% last year.    The strong recent performance means it was also able to grow revenue by 82% in total over the last three years.  Therefore, it's fair to say the revenue growth recently has been superb for the company.     Looking ahead now, revenue is anticipated to climb by 19% per annum during the coming three years according to the ten analysts following the company.  That's shaping up to be materially higher than the 13% each year growth forecast for the broader industry.  With this information, we can see why Beijing Capital International Airport is trading at such a high P/S compared to the industry.  Apparently shareholders aren't keen to offload something that is potentially eyeing a more prosperous future.    The Bottom Line On Beijing Capital International Airport's P/S  Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.  Our look into Beijing Capital International Airport shows that its P/S ratio remains high on the merit of its strong future revenues.  Right now shareholders are comfortable with the P/S as they are quite confident future revenues aren't under threat.  Unless these conditions change, they will continue to provide strong support to the share price.      Don't forget that there may be other risks. For instance, we've identified   1 warning sign for Beijing Capital International Airport  that you should be aware of.   If companies with solid past earnings growth is up your alley, you may wish to see this free collection of other companies with strong earnings growth and low P/E ratios. Valuation is complex, but we're helping make it simple.Find out whether Beijing Capital International Airport is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're helping make it simple.Find out whether Beijing Capital International Airport is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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