Spring Airlines Co (SHSE:601021) OCF Margin %: 27.02% (As of Mar. 2026) — 19% Above Median


SHSE:601021 Spring Airlines Co Ltd SHSE:601021
69 GF Score
Price ¥46.72
GF Value ¥65.86
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Spring Airlines Co OCF Margin %?

Spring Airlines Co SHSE:601021 -0.11% 69 OCF Margin % is 27.02% as of Mar. 2026, which is 19% above its 10-year median of 22.65. GuruFocus rates SHSE:601021 with a GF Score™ of 69/100 and a GF Value™ of ¥65.86 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 998 Transportation companies, Spring Airlines Co ranks better than 85.57% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Spring Airlines Co's Cash Flow from Operations for the three months ended in Mar. 2026 was ¥1,640 Mil. Spring Airlines Co's Revenue for the three months ended in Mar. 2026 was ¥6,070 Mil. Therefore, Spring Airlines Co's OCF Margin % for the quarter that ended in Mar. 2026 was 27.02%.

As of today, Spring Airlines Co's current OCF Yield % is 17.09%.

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

SHSE:601021' s OCF Margin % Range Over the Past 10 Years
Min: 5.24   Med: 22.65   Max: 37.32
Current: 35.16


During the past 13 years, the highest OCF Margin % of Spring Airlines Co was 37.32%. The lowest was 5.24%. And the median was 22.65%.

SHSE:601021's OCF Margin % is ranked better than
85.57% of 998 companies
in the Transportation industry
Industry Median: 13.015 vs SHSE:601021: 35.16


Spring Airlines Co OCF Margin % Related Terms


Spring Airlines Co OCF Margin % Historical Data

* Premium members only.

The historical data trend for Spring Airlines Co's OCF 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.

Spring Airlines Co OCF Margin % Chart

Spring Airlines Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.51 5.24 37.32 29.47 30.86

Spring Airlines Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF 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 8.53 46.85 42.54 23.08 27.02

SHSE:601021 vs DAL, UAL, LUV: OCF Margin % Comparison

For the Airlines subindustry, Spring Airlines Co's OCF Margin %, along with its competitors' market caps and OCF 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.


Spring Airlines Co OCF Margin % vs Transportation Industry

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

* The bar in red indicates where Spring Airlines Co's OCF Margin % falls into.


SHSE:601021
69GF Score
Spring Airlines Co Ltd SHSE:601021
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Spring Airlines Co OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Spring Airlines Co's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=6623.358/21459.531
=30.86 %

Spring Airlines Co's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1640.386/6069.934
=27.02 %

* 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 OCF Margin % →
What does a OCF Margin % of 27.02% mean?
Spring Airlines Co (SHSE:601021) has a OCF Margin % of 27.02% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Spring Airlines Co and its competitors. This is 19% above median its historical median of 22.65. Over the past decade, Spring Airlines Co's OCF Margin % has ranged from 5.24 to 37.32. According to the industry distribution chart, Spring Airlines Co ranks #144 out of 998 companies in the Transportation industry, placing it in the top 14.4%.
Is Spring Airlines Co's OCF Margin % too high?
Spring Airlines Co's current OCF Margin % of 27.02% is 19% above median its 10-year median of 22.65. Over the past 10 years, this metric has ranged from a low of 5.24 to a high of 37.32. The Transportation industry median OCF Margin % is 13.02. Spring Airlines Co's value of 27.02% is 107.6% above this industry median. Based on the distribution chart, Spring Airlines Co ranks #144 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Spring Airlines Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spring Airlines Co's OCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Spring Airlines Co ranks #144 out of 998 companies for OCF Margin %. This places Spring Airlines Co in the top 14% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 13.02. Spring Airlines Co's value of 27.02% is 107.6% above this benchmark. Historically, Spring Airlines Co's own OCF Margin % has ranged from 5.24 to 37.32 over the past decade. While the company's 10-year median is 22.65 vs. the industry median of 13.02, Spring Airlines Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Transportation company?
The median OCF Margin % among Transportation companies is 13.02, based on 998 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spring Airlines Co's current OCF Margin % of 27.02% is 107.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Spring Airlines Co and its competitors. For the Transportation industry, the median OCF Margin % is 13.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spring Airlines Co's current OCF Margin % is 27.02%, which is 19% above median its own 10-year median of 22.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spring Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Spring Airlines Co (SHSE:601021) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥65.86, compared to a current price of ¥46.72 — trading 29.1% below its estimated fair value. The current OCF Margin % is 27.02%, which is 19% above median its 10-year median of 22.65 and 107.6% above the Transportation industry median of 13.02. Spring Airlines Co's overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Spring Airlines Co (SHSE:601021), the current OCF Margin % is 27.02% 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 Spring Airlines Co (SHSE:601021) Overvalued in 2026?

Based on GuruFocus' analysis, Spring Airlines Co stock appears to be undervalued. The current stock price of ¥46.72 is trading 29.1% below its estimated GF Value™ of ¥65.86. GuruFocus considers Spring Airlines Co to be Modestly Undervalued.

Key valuation signals for SHSE:601021:

  • OCF Margin %: 27.02% (19% above median its 10-year median of 22.65)
  • GF Value™: ¥65.86 vs. price of ¥46.72 (29.1% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 107.6% above the Transportation median (#144 of 998)

No single metric tells the full story. See the SHSE:601021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spring Airlines Co Business Description

Address No. 2599, Hongqiao Road, Spring Airlines Headquarters Office Building, Changning District, Shanghai, CHN, 200335
Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry.
69GF Score

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

¥46.72
Price
¥65.86
GF Value