Valuation Cathay Pacific Airways Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:08:28 2026-01-23 EST			5-day change	1st Jan Change
12.40 ^HKD	-1.67%		+1.56%	-0.24%

01-21	Cathay Pacific Airways says carried 22% more passengers in December	RE
01-21	Cathay Pacific Airways' Passenger Count Up 22% in December	MT

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	83,363	83,363	-
Change	-	-10.88%	33.33%	-4.21%	16.94%	35.7%	0%	-
Enterprise Value (EV) ¹	119,943	130,988	113,674	105,297	119,373	131,974	126,636	119,826
Change	-	9.21%	-13.22%	-7.37%	13.37%	10.56%	-4.04%	-5.38%
P/E ratio	-1.69x	-6.72x	-7.65x	6.49x	7.16x	9.33x	9.12x	8.16x
PBR	0.63x	0.57x	0.86x	1.01x	1.34x	1.46x	1.35x	1.25x
PEG	-	0.1x	-0.4x	-0x	1.22x	-45.19x	3.91x	0.7x
Capitalization / Revenue	0.98x	0.9x	1.07x	0.56x	0.59x	0.75x	0.72x	0.68x
EV / Revenue	2.56x	2.87x	2.23x	1.11x	1.14x	1.18x	1.09x	0.97x
EV / EBITDA	44.2x	10.6x	7.22x	4.16x	4.73x	5.1x	4.96x	4.48x
EV / EBIT	-10.2x	-291x	32.1x	8.1x	9.06x	10.2x	10.3x	9.48x
EV / FCF	-6.09x	20x	8.06x	5.37x	8.33x	7.58x	9.37x	8.37x
FCF Yield	-16.4%	5.01%	12.4%	18.6%	12%	13.2%	10.7%	11.9%
Dividend per Share ²	-	-	-	0.43	0.69	0.6268	0.6446	0.7058
Rate of return	-	-	-	5.27%	7.23%	5.05%	5.2%	5.69%
EPS ²	-4.243	-0.951	-1.113	1.258	1.332	1.329	1.36	1.519
Distribution rate	-	-	-	34.2%	51.8%	47.2%	47.4%	46.5%
Net sales ¹	46,934	45,587	51,036	94,485	104,371	111,496	116,307	123,025
EBITDA ¹	2,716	12,336	15,735	25,323	25,236	25,856	25,507	26,719
EBIT ¹	-11,705	-450	3,546	12,999	13,177	12,991	12,294	12,643
Net income ¹	-21,876	-6,123	-7,162	9,067	9,607	8,680	8,856	9,916
Net Debt ¹	73,788	89,854	58,829	52,764	57,941	48,610	43,273	36,463
Reference price ²	7.17	6.39	8.52	8.16	9.54	12.40	12.40	12.40
Nbr of stocks (in thousands)	6,437,200	6,437,200	6,437,200	6,437,900	6,439,409	6,722,857	6,722,857	-
Announcement Date	3/10/21	3/9/22	3/8/23	3/13/24	3/12/25	-	-	-

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	9.33x	1.18x	5.1x	5.05%	10.69B
DELTA AIR LINES, INC.	9.26x	0.96x	7.01x	1.02%	44.08B
RYANAIR HOLDINGS PLC	13.66x	1.83x	7.5x	1.62%	35.44B
UNITED AIRLINES HOLDINGS, INC.	10.78x	0.91x	6.61x	-.--%	34.88B
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.	7.13x	0.87x	3.84x	2.21%	25.92B
AIR CHINA LIMITED	138.5x	1.93x	9.95x	0.15%	20.28B
INTERGLOBE AVIATION LIMITED	59.74x	2.42x	11.7x	0.21%	19.8B
LATAM AIRLINES GROUP S.A.	13.64x	1.69x	5.99x	3.92%	18.81B
CHINA SOUTHERN AIRLINES COMPANY LIMITED	138.01x	1.9x	9.13x	-.--%	18.41B
CHINA EASTERN AIRLINES CORPORATION LIMITED	143.38x	2.17x	9.91x	0.05%	17.99B
Average	54.34x	1.59x	7.67x	1.42%	24.63B
Weighted average by Cap.	44.34x	1.49x	7.52x	1.2%