Spring Airlines Ratios and Metrics

Market cap in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 25, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	44,579	56,333	49,026	62,747	52,055	50,800
Market Cap Growth	-11.64%	14.90%	-21.87%	20.54%	2.47%	26.26%
Enterprise Value	51,695	65,464	59,696	79,249	64,120	55,341
Last Close Price	45.90	56.34	48.43	61.98	54.80	53.47
PE Ratio	22.33	24.78	21.72	-	1330.93	-
Forward PE	18.24	17.99	15.96	43.41	35.06	37.08
PS Ratio	2.14	2.82	2.73	7.50	4.79	5.42
PB Ratio	2.45	3.24	3.11	4.58	3.79	3.58
P/TBV Ratio	2.55	3.38	3.27	4.85	4.01	3.79
P/FCF Ratio	-	-	14.05	-	-	-
P/OCF Ratio	7.53	9.56	7.32	143.06	30.92	61.52
PEG Ratio	-	4.91	4.91	4.91	4.91	4.91
EV/Sales Ratio	2.49	3.27	3.33	9.47	5.91	5.90
EV/EBITDA Ratio	8.65	13.77	13.94	-	52.90	63.79
EV/EBIT Ratio	17.71	22.58	20.77	-	613.60	-
EV/FCF Ratio	-186.88	-	17.11	-	-	-
Debt / Equity Ratio	0.89	1.11	1.39	1.80	1.47	0.82
Debt / EBITDA Ratio	2.69	3.43	4.18	-	8.90	13.40
Debt / FCF Ratio	-	-	6.29	-	-	-
Net Debt / Equity Ratio	0.39	0.52	0.66	1.05	0.94	0.17
Net Debt / EBITDA Ratio	1.39	1.91	2.42	-8.45	10.63	2.80
Net Debt / FCF Ratio	-25.73	-6.88	2.97	-3.47	-2.85	-0.69
Asset Turnover	0.47	0.45	0.41	0.21	0.31	0.30
Inventory Turnover	52.41	29.15	43.61	59.72	52.55	51.64
Quick Ratio	0.93	1.18	0.94	0.82	0.82	0.89
Current Ratio	1.07	1.33	1.01	0.88	0.90	0.95
Return on Equity (ROE)	11.17%	13.72%	15.33%	-22.13%	0.27%	-4.05%
Return on Assets (ROA)	4.08%	4.11%	4.10%	-4.52%	0.18%	-0.11%
Return on Invested Capital (ROIC)	8.42%	9.45%	9.07%	-10.82%	0.48%	-0.34%
Return on Capital Employed (ROCE)	8.10%	8.30%	9.10%	-9.90%	0.40%	-0.30%
Earnings Yield	4.50%	4.04%	4.61%	-4.84%	0.07%	-1.16%
FCF Yield	-0.62%	-2.34%	7.12%	-6.59%	-8.68%	-6.96%
Dividend Yield	1.95%	1.46%	1.44%	-	-	-
Payout Ratio	61.64%	51.32%	24.50%	-	1223.31%	-
Buyback Yield / Dilution	0.09%	0.06%	-6.22%	5.90%	-6.35%	-0.38%
Total Shareholder Return	2.06%	1.51%	-4.77%	5.90%	-6.35%	-0.38%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.