China Express Airlines Co (SZSE:002928) OCF Margin %: 37.83% (As of Mar. 2026) — 70% Above Median

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SZSE:002928 China Express Airlines Co Ltd SZSE:002928
67 GF Score
Price ¥6.53
GF Value ¥10.23
Valuation Possible Value Trap
! 8 Warning Signs
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What is China Express Airlines Co OCF Margin %?

China Express Airlines Co SZSE:002928 -1.95% 67 OCF Margin % is 37.83% as of Mar. 2026, which is 70% above its 10-year median of 22.19. GuruFocus rates SZSE:002928 with a GF Score™ of 67/100 and a GF Value™ of ¥10.23 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,004 Transportation companies, China Express Airlines Co ranks better than 88.75% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. China Express Airlines Co's Cash Flow from Operations for the three months ended in Mar. 2026 was ¥690 Mil. China Express Airlines Co's Revenue for the three months ended in Mar. 2026 was ¥1,824 Mil. Therefore, China Express Airlines Co's OCF Margin % for the quarter that ended in Mar. 2026 was 37.83%.

As of today, China Express Airlines Co's current OCF Yield % is 34.05%.

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

SZSE:002928' s OCF Margin % Range Over the Past 10 Years
Min: 11.98   Med: 22.19   Max: 33.81
Current: 37.87


During the past 13 years, the highest OCF Margin % of China Express Airlines Co was 33.81%. The lowest was 11.98%. And the median was 22.19%.

SZSE:002928's OCF Margin % is ranked better than
88.75% of 1004 companies
in the Transportation industry
Industry Median: 12.585 vs SZSE:002928: 37.87


China Express Airlines Co OCF Margin % Related Terms


China Express Airlines Co OCF Margin % Historical Data

* Premium members only.

The historical data trend for China Express 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.

China Express Airlines Co OCF Margin % Chart

China Express 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 23.09 11.98 25.67 27.03 33.81

China Express 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 20.80 37.12 67.09 2.66 37.83

SZSE:002928 vs DAL, UAL, LUV: OCF Margin % Comparison

For the Airlines subindustry, China Express 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.


China Express Airlines Co OCF Margin % vs Transportation Industry

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

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


SZSE:002928
67GF Score
China Express Airlines Co Ltd SZSE:002928
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Express 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.

China Express 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 )
=2521.266/7456.121
=33.81 %

China Express 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 )
=689.901/1823.654
=37.83 %

* 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 37.83% mean?
China Express Airlines Co (SZSE:002928) has a OCF Margin % of 37.83% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on China Express Airlines Co and its competitors. This is 70% above median its historical median of 22.19. Over the past decade, China Express Airlines Co's OCF Margin % has ranged from 11.98 to 33.81. According to the industry distribution chart, China Express Airlines Co ranks #113 out of 1004 companies in the Transportation industry, placing it in the top 11.3%.
Is China Express Airlines Co's OCF Margin % too high?
China Express Airlines Co's current OCF Margin % of 37.83% is 70% above median its 10-year median of 22.19. Over the past 10 years, this metric has ranged from a low of 11.98 to a high of 33.81. The Transportation industry median OCF Margin % is 12.59. China Express Airlines Co's value of 37.83% is 200.6% above this industry median. Based on the distribution chart, China Express Airlines Co ranks #113 out of 1004 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Express Airlines Co has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Express Airlines Co's OCF Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, China Express Airlines Co ranks #113 out of 1004 companies for OCF Margin %. This places China Express Airlines Co in the top 11% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 12.59. China Express Airlines Co's value of 37.83% is 200.6% above this benchmark. Historically, China Express Airlines Co's own OCF Margin % has ranged from 11.98 to 33.81 over the past decade. While the company's 10-year median is 22.19 vs. the industry median of 12.59, China Express 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 12.59, based on 1,004 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. China Express Airlines Co's current OCF Margin % of 37.83% is 200.6% 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 China Express Airlines Co and its competitors. For the Transportation industry, the median OCF Margin % is 12.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Express Airlines Co's current OCF Margin % is 37.83%, which is 70% above median its own 10-year median of 22.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Express Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Express Airlines Co (SZSE:002928) is currently considered Possible Value Trap. The stock's GF Value™ is ¥10.23, compared to a current price of ¥6.53 — trading 36.2% below its estimated fair value. The current OCF Margin % is 37.83%, which is 70% above median its 10-year median of 22.19 and 200.6% above the Transportation industry median of 12.59. China Express Airlines Co's overall GF Score™ is 67/100 with 8 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 China Express Airlines Co (SZSE:002928), the current OCF Margin % is 37.83% 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 Express Airlines Co (SZSE:002928) Overvalued in 2026?

Based on GuruFocus' analysis, China Express Airlines Co stock appears to be undervalued. The current stock price of ¥6.53 is trading 36.2% below its estimated GF Value™ of ¥10.23. GuruFocus considers China Express Airlines Co to be Possible Value Trap.

Key valuation signals for SZSE:002928:

  • OCF Margin %: 37.83% (70% above median its 10-year median of 22.19)
  • GF Value™: ¥10.23 vs. price of ¥6.53 (36.2% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 200.6% above the Transportation median (#113 of 1004)

No single metric tells the full story. See the SZSE:002928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Express Airlines Co Business Description

Address 2-3F, Annex Building, Airport Hotel, Longdongbao Airport, Guizhou Province, Nanming District, Guiyang, CHN, 550012
China Express Airlines Co Ltd is a China-based company operates in the regional aviation business. It is the only independent airline long-term focused on regional aviation in China. The business activities of the group are functioned through five operation bases located in Guiyang, Chongqing, Dalian, Inner Mongolia, and Xi'an.
67GF Score

Get the complete analysis for SZSE:002928

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

¥6.53
Price
¥10.23
GF Value