Valuation Cathay Pacific Airways Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 09:08:14 09/07/2025 BST			5-day change	1st Jan Change
11.68 ^HKD	+0.69%		+9.16%	+22.43%

06-23	Cathay Pacific's Passenger Count Rises 36% in May	MT
06-20	Cathay Pacific Airways Limited Reports Group Traffic Results for the Month and Year to Date Ended May 2025	CI

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	75,212	-	-
Change	-	-10.88%	33.33%	-4.21%	16.94%	22.43%	-	-
Enterprise Value (EV) ¹	119,943	130,988	113,674	105,297	119,373	120,377	113,737	106,125
Change	-	9.21%	-13.22%	-7.37%	13.37%	0.84%	-5.52%	-6.69%
P/E ratio	-1.69x	-6.72x	-7.65x	6.49x	7.16x	8.3x	8.07x	7.59x
PBR	0.63x	0.57x	0.86x	1.01x	1.34x	1.31x	1.21x	1.1x
PEG	-	0.1x	-0.4x	-0x	1.22x	1.47x	2.85x	1.19x
Capitalization / Revenue	0.98x	0.9x	1.07x	0.56x	0.59x	0.68x	0.64x	0.61x
EV / Revenue	2.56x	2.87x	2.23x	1.11x	1.14x	1.08x	0.97x	0.86x
EV / EBITDA	44.2x	10.6x	7.22x	4.16x	4.73x	4.54x	4.32x	4.01x
EV / EBIT	-10.2x	-291x	32.1x	8.1x	9.06x	9.02x	8.88x	8.18x
EV / FCF	-6.09x	20x	8.06x	5.37x	8.33x	6.72x	7.1x	6.76x
FCF Yield	-16.4%	5.01%	12.4%	18.6%	12%	14.9%	14.1%	14.8%
Dividend per Share ²	-	-	-	0.43	0.69	0.6834	0.7106	0.765
Rate of return	-	-	-	5.27%	7.23%	5.85%	6.08%	6.55%
EPS ²	-4.243	-0.951	-1.113	1.258	1.332	1.407	1.447	1.539
Distribution rate	-	-	-	34.2%	51.8%	48.6%	49.1%	49.7%
Net sales ¹	46,934	45,587	51,036	94,485	104,371	111,277	116,792	123,418
EBITDA ¹	2,716	12,336	15,735	25,323	25,236	26,540	26,301	26,493
EBIT ¹	-11,705	-450	3,546	12,999	13,177	13,347	12,812	12,981
Net income ¹	-21,876	-6,123	-7,162	9,067	9,607	9,240	9,520	10,207
Net Debt ¹	73,788	89,854	58,829	52,764	57,941	45,165	38,524	30,913
Reference price ²	7.17	6.39	8.52	8.16	9.54	11.68	11.68	11.68
Nbr of stocks (in thousands)	6,437,200	6,437,200	6,437,200	6,437,900	6,439,409	6,439,409	-	-
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	8.24x	1.08x	4.52x	5.89%	9.52B
DELTA AIR LINES, INC.	9.12x	0.82x	6.07x	1.09%	32.99B
RYANAIR HOLDINGS PLC	12.64x	1.61x	6.92x	1.8%	30.56B
UNITED AIRLINES HOLDINGS, INC.	8.14x	0.79x	5.8x	-.--%	26.52B
INTERGLOBE AVIATION LIMITED	31.96x	3.08x	13.84x	0.22%	26.14B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	6.53x	0.79x	3.67x	2.63%	22.77B
AIR CHINA LIMITED	23.45x	1.78x	8.23x	0.01%	16.7B
SINGAPORE AIRLINES LIMITED	15.53x	1.36x	6.55x	3.72%	16.65B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	21.79x	1.69x	8.15x	0.12%	13.05B
LATAM AIRLINES GROUP S.A.	10.26x	1.22x	4.64x	1.35%	12.53B
Average	14.77x	1.42x	6.84x	1.68%	20.74B
Weighted average by Cap.	14.60x	1.42x	7.06x	1.41%