Cathay Pacific Airways Limited

Report azionario SEHK:293

Capitalizzazione di mercato: HK$73.4b

Cathay Pacific Airways Performance degli utili passati

Criteri Il passato verificati 4/6

Cathay Pacific Airways ha registrato una crescita degli utili a un tasso medio annuo di 71.4%, mentre il settore Airlines ha registrato utili in crescita a un tasso medio annuo di 44.1%. I ricavi sono stati in crescita a un tasso medio annuo di 24.2%. Il ritorno sul capitale proprio di Cathay Pacific Airways è 18% e ha margini netti di 9.3%.

Informazioni chiave

71.38%

Tasso di crescita degli utili

72.64%

Tasso di crescita dell'EPS

Airlines Crescita del settore0.48%
Tasso di crescita dei ricavi24.20%
Rendimento del capitale proprio18.01%
Margine netto9.27%
Ultimo aggiornamento sugli utili31 Dec 2025

Aggiornamenti sulle prestazioni recenti

Recent updates

Aggiornamento della narrazione Jun 03

293: Share Buyback Will Support Upside As Traffic Recovery Strengthens P/E Case

Analysts kept their HK$18.0 price target for Cathay Pacific Airways unchanged, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, and pointing to recent more cautious research commentary as a reason to hold the line rather than move the target. What's in the News Cathay Pacific announced unaudited March 2026 traffic figures, reporting 12,418,605,000 Available Seat Kilometres, 11,446,209,000 Revenue Passenger Kilometres, 2,808,618 passengers carried with a 92.2% passenger load factor, and a cargo load factor of 62.9% on 1,339,646,000 Available Freight Tonne Kilometres and 843,017,000 Revenue Freight Tonne Kilometres.
Aggiornamento della narrazione May 15

293: Margin Pressures And BNP Downgrade Will Undermine Traffic And Dividend Optimism

Analysts have trimmed their HK$ price target on Cathay Pacific Airways, citing a more cautious profit margin outlook and a recent downgrade from BNP Paribas, even though assumptions for revenue growth and future P/E remain steady. Analyst Commentary Bearish analysts are stressing that the trimmed HK$ price targets reflect a more conservative stance on Cathay Pacific Airways, with profit margin assumptions under closer scrutiny even as revenue growth and P/E inputs remain unchanged.
Aggiornamento della narrazione Apr 29

293: Traffic Strength And Dividends Will Still Overstate Longer Term Earnings Power

Analysts have trimmed their HK$11.00 fair value estimate for Cathay Pacific Airways to HK$10.60, reflecting more cautious revenue growth assumptions and a slightly higher discount rate, in part aligned with recent more bearish Street research on the stock. Analyst Commentary Bearish analysts have become more cautious on Cathay Pacific Airways, with recent research pointing to increased execution and growth risks that they believe are not fully reflected in the share price.
Aggiornamento della narrazione Apr 14

293: Share Buyback Will Support Upside As Higher P/E Case Persists

Analysts have trimmed their price target on Cathay Pacific Airways to HK$18.0, reflecting slightly higher assumed discount rates and only modestly adjusted expectations for revenue, profit margins, and future P/E multiples following the recent downgrade in Street research. Analyst Commentary Recent Street research has turned more cautious, with at least one major house shifting to a more bearish stance on Cathay Pacific Airways.
Aggiornamento della narrazione Mar 31

293: Share Buyback Will Support Upside As Higher P/E Case Emerges

Analysts have nudged their fair value estimate for Cathay Pacific Airways up from HK$17.51 to HK$18.00, citing updated assumptions on revenue growth, profit margins and future P/E despite a recent downgrade in Street research tone. Analyst Commentary Street research has turned more cautious on Cathay Pacific Airways, with at least one major house becoming more bearish on the shares.
Aggiornamento della narrazione Mar 17

293: Rising Traffic And Payouts Will Still Overstate Longer Term Earnings Power

Analysts have lifted their price target on Cathay Pacific Airways to HK$10.90 from HK$9.10, citing updated assumptions around revenue growth, profit margins and a slightly lower discount rate, while keeping the future P/E broadly in line with prior estimates. What's in the News Cathay Pacific announced an interim dividend of HK$0.64 per share for the financial year ending 31 December 2025, with an ex dividend date on 31 March 2026, a record date on 2 April 2026 and payment on 7 May 2026 (company announcement).
Aggiornamento della narrazione Mar 16

Cathay beats expectations in every regard, but threat from fuel costs linger

First of all, I have to eat humble pie: The lads and lassies from Hong Kong have made me looking foolish with my last estimate of their prospects, and I own up to my humbling. That said, it's my turn to fully acknowledge the carrier's success: In fact, Cathay has become one of the most profitable, attractive propositions in the whole aviation sector, with yields particularly in their important cargo business hard to match.
Aggiornamento della narrazione Mar 03

293: Share Buyback Will Support Upside As Traffic Recovery Continues

Analysts have raised their price target on Cathay Pacific Airways to HK$17.51 from HK$14.95, citing slightly higher assumptions for revenue growth, a marginally different discount rate and an updated future P/E expectation, while keeping profit margin forecasts broadly in line with prior estimates. What's in the News Cathay Pacific reported December 2025 traffic, with 2,739,817 passengers carried, 21.8% more than December 2024, and Available Seat Kilometres of 13,028,694,000, 23.3% more than a year earlier; Cathay Cargo volume for the month was 152,175,000 kg, 6.0% more than December 2024, with Available Freight Tonne Kilometres 8.0% higher year on year (Announcement of Operating Results).
Aggiornamento della narrazione Feb 17

293: Share Buyback And Traffic Recovery Will Support Future Upside

Analysts have kept their HK$14.95 price target for Cathay Pacific Airways broadly unchanged, citing only slight adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions in their refreshed model. What's in the News Cathay Pacific reported December 2025 group traffic, with 2,739,817 passengers carried, 21.8% more than December 2024, and Available Seat Kilometres of 13,028,694,000, up 23.3% year on year (Announcement of Operating Results).
Aggiornamento della narrazione Feb 03

293: Lower Discount Rate And Planned Buybacks Will Support Future Upside

Analysts have nudged their fair value estimate for Cathay Pacific Airways slightly higher to HK$14.95 from HK$14.86. This reflects updated assumptions around discount rates, modestly stronger revenue growth and a slightly adjusted future P/E outlook.
Aggiornamento della narrazione Jan 20

293: Shareholder Payout And Traffic Recovery Will Likely Support Only Limited Upside

Analysts have raised their price target for Cathay Pacific Airways to $11.26 from $10.94, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that together indicate a modestly higher fair value estimate. What's in the News Cathay Pacific has scheduled a Special and Extraordinary Shareholders Meeting for February 12, 2026, at 14:30 China Standard Time in Hong Kong, with formal resolutions likely to draw investor attention (Key Developments).
Articolo di analisi Jan 18

Cathay Pacific Airways (HKG:293) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Aggiornamento della narrazione Jan 05

293: Lower Discount Rate And Planned Buybacks Will Support Future Upside

Analysts have raised their fair value estimate for Cathay Pacific Airways from HK$12.98 to HK$14.86. This reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels.
Aggiornamento della narrazione Dec 18

293: Higher Price Outlook Will Likely Overstate Longer Term Earnings Power

Analysts have raised their price target on Cathay Pacific Airways to HK$9.10 from HK$8.20, citing slightly stronger long term revenue growth assumptions, a modestly lower discount rate, and a marginally higher future earnings multiple that together offset a largely unchanged profit margin outlook. What's in the News Board meeting scheduled for March 11, 2026, to announce annual results for the year ending December 31, 2025, and to consider a second interim dividend in lieu of a final dividend for 2025 (Key Developments) Board of Directors to consider launching a share repurchase program, under which the company would buy back its own shares, as announced on November 7, 2025 (Key Developments) Valuation Changes Fair Value has risen slightly, with the analyst target increasing from HK$8.20 to HK$9.10 per share.
Aggiornamento della narrazione Dec 04

293: Shareholder Payout Plans Will Likely Mask Limited Long Term Upside

Analysts have raised their price target on Cathay Pacific Airways by approximately HK$0.15, reflecting slightly stronger assumptions for long term revenue growth, profit margins, and valuation multiples. What's in the News Cathay Pacific has scheduled a board meeting for March 11, 2026, to announce annual results for the year ending December 31, 2025, signaling upcoming clarity on full year performance (company event filing).
Aggiornamento della narrazione Nov 20

293: Passenger And Cargo Momentum Will Likely Sustain Balanced Outlook

Cathay Pacific Airways' analyst price target has seen a minor decline from $10.80 to $10.79, as analysts adjust their outlook in light of slightly moderated profit margin expectations and updated financial projections. What's in the News On November 7, 2025, Cathay Pacific Airways' Board of Directors announced they will consider implementing a share repurchase program, which would enable the company to buy back its own shares (Key Developments).
Aggiornamento della narrazione Nov 05

293: Passenger And Cargo Gains Are Expected To Sustain Fair Valuation

Analysts have recently raised their price target for Cathay Pacific Airways from $10.59 to $10.80. They cite incremental improvements in profitability and a slightly lower discount rate as supporting rationale for the adjustment.
Articolo di analisi Oct 28

Benign Growth For Cathay Pacific Airways Limited (HKG:293) Underpins Its Share Price

With a price-to-earnings (or "P/E") ratio of 7.6x Cathay Pacific Airways Limited ( HKG:293 ) may be sending bullish...
Articolo di analisi Sep 25

The Return Trends At Cathay Pacific Airways (HKG:293) Look Promising

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Aggiornamento della narrazione Sep 20

Intensive Flight Expansion Will Lower Yields Amid Rising Geopolitical Tensions

An uptick in consensus revenue growth forecasts for Cathay Pacific Airways has supported a slight increase in the Analyst Price Target, which has risen from HK$10.38 to HK$10.59. What's in the News Cathay Pacific reported strong traffic growth for July, with passenger numbers up 24% and cargo volumes up 11% year on year; HK Express saw passenger growth of 22% in July and 31.6% year to date.
Aggiornamento della narrazione Sep 05

Intensive Flight Expansion Will Lower Yields Amid Rising Geopolitical Tensions

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%.
Articolo di analisi Sep 03

Cathay Pacific Airways (HKG:293) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Articolo di analisi Aug 11

Cathay Pacific Airways (HKG:293) Has Announced A Dividend Of HK$0.20

Cathay Pacific Airways Limited's ( HKG:293 ) investors are due to receive a payment of HK$0.20 per share on 9th of...
Articolo di analisi Jul 14

Improved Earnings Required Before Cathay Pacific Airways Limited (HKG:293) Shares Find Their Feet

Cathay Pacific Airways Limited's ( HKG:293 ) price-to-earnings (or "P/E") ratio of 7.9x might make it look like a buy...
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Nuova narrazione Apr 06

Narrow-body Expansion And E-Commerce Cargo Will Improve Operations

Anticipated aircraft deliveries and e-commerce cargo expansion are poised to drive revenue growth through increased capacity and rising market trends.
Nuova narrazione Mar 27

Cathay Pacific well-placed in growth markets, but share price entirely depending on valuation

Both commercially and, according to several industry rankings and customer surveys, in terms of its product, Cathay Pacific is up there with the top carriers in international air travel. Only Singapor

Ripartizione dei ricavi e delle spese

Come Cathay Pacific Airways guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.


Storico di utili e ricavi

SEHK:293 Ricavi, spese e utili (HKD Millions )
DataRicaviUtiliSpese G+ASpese di R&S
31 Dec 25116,76610,82800
30 Sep 25112,92110,35700
30 Jun 25109,0769,88600
31 Mar 25106,7249,74700
31 Dec 24104,3719,60700
30 Sep 24102,4349,04400
30 Jun 24100,4968,48000
31 Mar 2497,4918,77400
31 Dec 2394,4859,06700
30 Sep 2385,2825,54400
30 Jun 2376,0782,02100
31 Mar 2363,557-2,60800
31 Dec 2251,036-7,23700
30 Sep 2249,660-5,40000
30 Jun 2248,284-3,56400
31 Mar 2246,936-4,84300
31 Dec 2145,587-6,12300
30 Sep 2140,353-12,996-620
30 Jun 2135,119-19,869-1250
31 Mar 2141,027-20,872-620
31 Dec 2046,934-21,87600
30 Sep 2064,015-15,6982180
30 Jun 2081,095-9,5214360
31 Mar 2094,034-3,9156820
31 Dec 19106,9731,6919270
30 Sep 19109,2512,8231,2980
30 Jun 19111,5293,9551,6690
31 Mar 19111,2953,1501,8720
31 Dec 18111,0602,3452,0750
30 Sep 18107,7821,4372,0280
30 Jun 18104,5045291,9810
31 Mar 18100,894-3651,9110
31 Dec 1797,284-1,2591,8410
30 Sep 1795,105-2,1191,7910
30 Jun 1792,926-2,9791,7400
31 Mar 1792,839-1,7771,7630
31 Dec 1692,751-5751,7860
30 Sep 1695,1941,9031,8130
30 Jun 1697,6374,3811,8400
31 Mar 1699,9905,1911,8270
31 Dec 15102,3426,0001,8140
30 Sep 15103,9415,3881,8110
30 Jun 15105,5394,7751,8070

Guadagni di qualità: 293 ha guadagni di alta qualità.

Margine di profitto in crescita: Gli attuali margini di profitto netti di 293 (9.3%) 293 sono più alti rispetto allo scorso anno (9.2%).


Flusso di cassa libero e analisi degli utili


Analisi della crescita degli utili nel passato

Andamento degli utili: 293 è diventata redditizia negli ultimi 5 anni, aumentando i guadagni del 71.4% all'anno.

Accelerare la crescita: La crescita degli utili di 293 nell'ultimo anno ( 12.7% ) è inferiore alla media quinquennale ( 71.4% all'anno).

Guadagni vs Settore: La crescita degli utili 293 nell'ultimo anno ( 12.7% ) ha superato la percentuale del settore Airlines 2.6%.


Rendimento del capitale proprio

ROE elevato: Il Return on Equity ( 18% ) di 293 è considerato basso.


Rendimento delle attività


Rendimento del capitale investito


Scoprire le aziende con forti performance passate

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/06/17 14:19
Prezzo dell'azione a fine giornata2026/06/17 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Cathay Pacific Airways Limited è coperta da 28 analisti. 14 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Patrick XuBarclays
Wei FangBNP Paribas
Nathan GeeBofA Global Research