China Southern Airlines Co (SHSE:600029) FCF Margin %: -0.45% (As of Mar. 2026)


SHSE:600029 China Southern Airlines Co Ltd SHSE:600029
64 GF Score
Price ¥5.41
GF Value ¥6.31
Valuation Modestly Undervalued
! 6 Warning Signs
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What is China Southern Airlines Co FCF Margin %?

China Southern Airlines Co SHSE:600029 -3.05% 64 FCF Margin % is -0.45% as of Mar. 2026. GuruFocus rates SHSE:600029 with a GF Score™ of 64/100 and a GF Value™ of ¥6.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,006 Transportation companies, China Southern Airlines Co ranks better than 68.99% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. China Southern Airlines Co's Free Cash Flow for the three months ended in Mar. 2026 was ¥-213 Mil. China Southern Airlines Co's Revenue for the three months ended in Mar. 2026 was ¥47,782 Mil. Therefore, China Southern Airlines Co's FCF Margin % for the quarter that ended in Mar. 2026 was -0.45%.

As of today, China Southern Airlines Co's current FCF Yield % is 21.24%.

The historical rank and industry rank for China Southern Airlines Co's FCF Margin % or its related term are showing as below:

SHSE:600029' s FCF Margin % Range Over the Past 10 Years
Min: -9.45   Med: 6.2   Max: 17.99
Current: 9.92


During the past 13 years, the highest FCF Margin % of China Southern Airlines Co was 17.99%. The lowest was -9.45%. And the median was 6.20%.

SHSE:600029's FCF Margin % is ranked better than
68.99% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs SHSE:600029: 9.92


China Southern Airlines Co FCF Margin % Related Terms


China Southern Airlines Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for China Southern Airlines Co's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Southern Airlines Co FCF Margin % Chart

China Southern Airlines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.71 -9.45 17.99 8.79 11.22

China Southern Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.97 15.72 30.53 -8.32 -0.45

SHSE:600029 vs DAL, UAL, LUV: FCF Margin % Comparison

For the Airlines subindustry, China Southern Airlines Co's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Southern Airlines Co FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, China Southern Airlines Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where China Southern Airlines Co's FCF Margin % falls into.


SHSE:600029
64GF Score
China Southern Airlines Co Ltd SHSE:600029
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Southern Airlines Co FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

China Southern Airlines Co's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=20442/182256
=11.22 %

China Southern Airlines Co's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-213/47782
=-0.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -0.45% mean?
China Southern Airlines Co (SHSE:600029) has a FCF Margin % of -0.45% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on China Southern Airlines Co and its competitors. According to the industry distribution chart, China Southern Airlines Co ranks #312 out of 1006 companies in the Transportation industry, placing it in the top 31%.
Is China Southern Airlines Co's FCF Margin % too high?
China Southern Airlines Co's current FCF Margin % is -0.45%. Based on the distribution chart, China Southern Airlines Co ranks #312 out of 1006 companies in the Transportation industry, which is above the industry midpoint. Overall, China Southern Airlines Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Southern Airlines Co's FCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, China Southern Airlines Co ranks #312 out of 1006 companies for FCF Margin %. This puts China Southern Airlines Co in the upper half of its industry. The industry median FCF Margin % is 4.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on China Southern Airlines Co and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Southern Airlines Co's current FCF Margin % is -0.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Southern Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Southern Airlines Co (SHSE:600029) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.31, compared to a current price of ¥5.41 — trading 14.3% below its estimated fair value. The current FCF Margin % is -0.45%. China Southern Airlines Co's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For China Southern Airlines Co (SHSE:600029), the current FCF Margin % is -0.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Southern Airlines Co (SHSE:600029) Overvalued in 2026?

Based on GuruFocus' analysis, China Southern Airlines Co stock appears to be undervalued. The current stock price of ¥5.41 is trading 14.3% below its estimated GF Value™ of ¥6.31. GuruFocus considers China Southern Airlines Co to be Modestly Undervalued.

Key valuation signals for SHSE:600029:

  • FCF Margin %: -0.45%
  • GF Value™: ¥6.31 vs. price of ¥5.41 (14.3% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Southern Airlines Co Business Description

Address 68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403
China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group's passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, Hong Kong, Macau, and Taiwan, and International markets.
64GF Score

Get the complete analysis for SHSE:600029

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥5.41
Price
¥6.31
GF Value