600038:SSEAvicopter Plc Class A Analysis
Data as of 2026-03-12 - not real-time
CN¥36.22
Latest Price
7/10Risk
Risk Level: Medium
Executive Summary
Avicopter Plc trades at CNY 36.22, sitting below its 20‑day (37.64), 50‑day (37.33) and 200‑day (37.26) simple moving averages, with RSI at 42 and a bearish MACD crossover that places the histogram at –0.21. The stock is hovering just above a near‑term support of 36.15 and faces resistance near 39.30, while volume has been trending upward and 30‑day volatility is high at ~30 %.
Fundamentally, the company posted a steep revenue contraction of 47 % and thin profit margins (gross 10 %, operating 3.7 %, net 2.1 %). The trailing PE of 52 is well above the aerospace‑defense industry average of 29, yet a discounted cash‑flow model suggests a fair value of CNY 60.8, implying a sizable intrinsic discount. Cash on hand (CNY 8.5 bn) exceeds debt (CNY 4.9 bn) and the dividend payout ratio is modest at 29 % with a 0.55 % yield, supporting dividend sustainability.
Fundamentally, the company posted a steep revenue contraction of 47 % and thin profit margins (gross 10 %, operating 3.7 %, net 2.1 %). The trailing PE of 52 is well above the aerospace‑defense industry average of 29, yet a discounted cash‑flow model suggests a fair value of CNY 60.8, implying a sizable intrinsic discount. Cash on hand (CNY 8.5 bn) exceeds debt (CNY 4.9 bn) and the dividend payout ratio is modest at 29 % with a 0.55 % yield, supporting dividend sustainability.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 5/10
Key Factors
- Price below all major SMAs indicating short‑term weakness
- Bearish MACD and RSI near neutral suggesting limited upside
- High 30‑day volatility and proximity to support level
Medium Term
1–3 yearsPositive
Model confidence: 6/10
Key Factors
- DCF fair value (~CNY 60.8) provides a ~68 % upside potential
- Modest dividend yield with sustainable payout
- Improving forward EPS (1.42) versus trailing EPS (0.7)
Long Term
> 3 yearsPositive
Model confidence: 7/10
Key Factors
- Strategic position in China’s aerospace & defense sector with state support
- Strong net cash position reducing financial distress risk
- Long‑term demand for helicopters and unmanned aerial systems
Key Metrics & Analysis
Financial Health
Revenue Growth-47.30%
Profit Margin2.08%
P/E Ratio51.7
ROE2.73%
ROA0.30%
Debt/Equity28.43
P/B Ratio1.7
Op. Cash FlowCN¥5.0B
Free Cash FlowCN¥3.3B
Industry P/E29.4
Technical Analysis
TrendBullish
RSI41.9
SupportCN¥36.15
ResistanceCN¥39.30
MA 20CN¥37.64
MA 50CN¥37.33
MA 200CN¥37.26
MACDBearish
VolumeIncreasing
Fear & Greed Index74.43
Valuation
Fair ValueCN¥60.78
GradeFair
TypeValue
Dividend Yield0.55%
Risk Assessment
Beta-0.03
Volatility29.93%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskLow
Liquidity RiskLow
Similar Tickers
This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.