Valuation Cathay Pacific Airways Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 08:08:19 06/03/2026 GMT			5-day change	1st Jan Change
12.83 ^HKD	-1.16%		-8.75%	+3.22%

02:56am	Gulf carriers resume limited flights, but missile fire fuels uncertainty	RE
03-05	Oil spike hits airline shares as some Gulf flights cautiously resume	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	46,155	41,134	54,845	52,533	61,432	78,933	78,933	-
Change	-	-10.88%	33.33%	-4.21%	16.94%	28.49%	0%	-
Enterprise Value (EV) ¹	119,943	130,988	113,674	105,297	119,373	125,585	121,627	116,234
Change	-	9.21%	-13.22%	-7.37%	13.37%	5.2%	-3.15%	-4.43%
P/E ratio	-1.69x	-6.72x	-7.65x	6.49x	7.16x	9.52x	9.28x	8.38x
PBR	0.63x	0.57x	0.86x	1.01x	1.34x	1.52x	1.41x	1.3x
PEG	-	0.1x	-0.4x	-0x	1.22x	4.09x	3.48x	0.8x
Capitalization / Revenue	0.98x	0.9x	1.07x	0.56x	0.59x	0.7x	0.68x	0.64x
EV / Revenue	2.56x	2.87x	2.23x	1.11x	1.14x	1.12x	1.04x	0.94x
EV / EBITDA	44.2x	10.6x	7.22x	4.16x	4.73x	4.85x	4.86x	4.58x
EV / EBIT	-10.2x	-291x	32.1x	8.1x	9.06x	9.4x	9.91x	9.26x
EV / FCF	-6.09x	20x	8.06x	5.37x	8.33x	6.89x	8.83x	8.03x
FCF Yield	-16.4%	5.01%	12.4%	18.6%	12%	14.5%	11.3%	12.4%
Dividend per Share ²	-	-	-	0.43	0.69	0.6602	0.6652	0.7194
Rate of return	-	-	-	5.27%	7.23%	5.09%	5.12%	5.54%
EPS ²	-4.243	-0.951	-1.113	1.258	1.332	1.363	1.399	1.549
Distribution rate	-	-	-	34.2%	51.8%	48.4%	47.5%	46.4%
Net sales ¹	46,934	45,587	51,036	94,485	104,371	112,321	116,935	123,680
EBITDA ¹	2,716	12,336	15,735	25,323	25,236	25,899	25,018	25,391
EBIT ¹	-11,705	-450	3,546	12,999	13,177	13,354	12,276	12,557
Net income ¹	-21,876	-6,123	-7,162	9,067	9,607	8,795	8,948	9,966
Net Debt ¹	73,788	89,854	58,829	52,764	57,941	46,652	42,694	37,301
Reference price ²	7.17	6.39	8.52	8.16	9.54	12.98	12.98	12.98
Nbr of stocks (in thousands)	6,437,200	6,437,200	6,437,200	6,437,900	6,439,409	6,081,128	6,081,128	-
Announcement Date	10/03/21	09/03/22	08/03/23	13/03/24	12/03/25	-	-	-

¹HKD in Million²HKD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CATHAY PACIFIC AIRWAYS LIMITED	9.52x	1.12x	4.85x	5.09%	10.1B
DELTA AIR LINES, INC.	8.36x	0.81x	5.47x	1.24%	39.83B
RYANAIR HOLDINGS PLC	12.54x	1.62x	6.64x	1.8%	31.48B
UNITED AIRLINES HOLDINGS, INC.	7.22x	0.77x	5.25x	-.--%	30.86B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.32x	0.79x	3.5x	2.49%	22.6B
INTERGLOBE AVIATION LIMITED	58.93x	2.33x	11.45x	0.22%	19B
AIR CHINA LIMITED	-355.77x	1.81x	9.32x	-.--%	17.6B
SINGAPORE AIRLINES LIMITED	19.18x	1.3x	5.92x	4.09%	16.42B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	96.48x	1.76x	8.57x	0.09%	15.75B
CHINA EASTERN AIRLINES CORPORATION LIMITED	124.12x	2.04x	9.34x	-.--%	15.52B
Average	-1.31x	1.44x	7.03x	1.5%	21.92B
Weighted average by Cap.	-0.88x	1.34x	6.73x	1.31%