With the discount rate declining modestly alongside an essentially unchanged future P/E, Cathay Pacific Airways’ analyst price target remains steady at HK$10.38.
What's in the News
- Cathay Pacific reported strong passenger and cargo traffic growth year-on-year, with July 2025 passenger numbers up 24% and cargo volumes up 11%; year-to-date passenger growth reached 27%, and cargo up 11.2%.
- HK Express continued robust growth, with July passengers up 22% and year-to-date figures rising 31.6%.
- The company exercised rights to purchase 14 Boeing 777-9 aircraft, with options for 7 more, aiming to enhance operational efficiency, fleet sustainability, and support long-haul growth; total basic price is approximately USD 8.1 billion but final consideration is lower due to price concessions.
- The board held a meeting to consider interim results for the first half of 2025 and the payment of an interim dividend.
Valuation Changes
Summary of Valuation Changes for Cathay Pacific Airways
- The Consensus Analyst Price Target remained effectively unchanged, at HK$10.38.
- The Discount Rate for Cathay Pacific Airways has fallen slightly from 10.89% to 10.64%.
- The Future P/E for Cathay Pacific Airways remained effectively unchanged, moving only marginally from 8.56x to 8.50x.
Disclaimer
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