SEHK:293

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Cathay Pacific Airways

Executive Summary

Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. More Details


Snowflake Analysis

Limited growth and overvalued.


Similar Companies

Share Price & News

How has Cathay Pacific Airways's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 293 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.1%

293

-3.8%

HK Airlines

-0.7%

HK Market


1 Year Return

-47.8%

293

-28.4%

HK Airlines

0.5%

HK Market

Return vs Industry: 293 underperformed the Hong Kong Airlines industry which returned -28.4% over the past year.

Return vs Market: 293 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

293IndustryMarket
7 Day-10.1%-3.8%-0.7%
30 Day-1.7%-1.7%5.8%
90 Day0.6%6.5%1.4%
1 Year-40.1%-47.8%-23.8%-28.4%4.6%0.5%
3 Year-52.2%-60.2%-33.5%-39.4%-6.8%-16.9%
5 Year-57.7%-65.7%-39.0%-46.7%15.8%-3.8%

Price Volatility Vs. Market

How volatile is Cathay Pacific Airways's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cathay Pacific Airways undervalued compared to its fair value and its price relative to the market?

0.42x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 293 (HK$5.26) is trading above our estimate of fair value (HK$4.81)

Significantly Below Fair Value: 293 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 293 is unprofitable, so we can't compare its PE Ratio to the XA Airlines industry average.

PE vs Market: 293 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 293's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 293 is good value based on its PB Ratio (0.4x) compared to the XA Airlines industry average (0.9x).


Next Steps

Future Growth

How is Cathay Pacific Airways forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

126.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 293 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 293 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 293 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 293's revenue (28.3% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).

High Growth Revenue: 293's revenue (28.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 293's Return on Equity is forecast to be low in 3 years time (1.6%).


Next Steps

Past Performance

How has Cathay Pacific Airways performed over the past 5 years?

-40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 293 is currently unprofitable.

Growing Profit Margin: 293 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 293 is unprofitable, and losses have increased over the past 5 years at a rate of 40.3% per year.

Accelerating Growth: Unable to compare 293's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 293 is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-57.1%).


Return on Equity

High ROE: 293 has a negative Return on Equity (-19.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cathay Pacific Airways's financial position?


Financial Position Analysis

Short Term Liabilities: 293's short term assets (HK$16.2B) do not cover its short term liabilities (HK$51.5B).

Long Term Liabilities: 293's short term assets (HK$16.2B) do not cover its long term liabilities (HK$94.1B).


Debt to Equity History and Analysis

Debt Level: 293's debt to equity ratio (126.6%) is considered high.

Reducing Debt: 293's debt to equity ratio has increased from 62.7% to 126.6% over the past 5 years.

Debt Coverage: 293's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 293's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Cathay Pacific Airways's current dividend yield, its reliability and sustainability?

1.02%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 293's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 293's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 293's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 293's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 293 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 293's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Augustus Tang (61 yo)

1.17yrs

Tenure

HK$5,025,889

Compensation

Mr. Kin Wing Tang, also known as Augustus, has been Chief Executive Officer and Director of Cathay Pacific Airways Limited since August 19, 2019. He has been the Chief Executive Officer and Director of Hon ...


CEO Compensation Analysis

Compensation vs Market: Augustus's total compensation ($USD648.25K) is about average for companies of similar size in the Hong Kong market ($USD556.45K).

Compensation vs Earnings: Insufficient data to compare Augustus's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Healy
Executive Chairman0.92yrHK$1.06mno data
Kin Wing Tang
CEO & Executive Director1.17yrsHK$5.03mno data
Martin Murray
CFO & Executive Directorno dataHK$11.14mno data
Gregory Thomas Hughes
Chief Operations & Service Delivery Officer and Executive Director3.33yrsHK$11.41mno data
Siu Por Lam
Executive Director1.17yrsHK$3.95mno data
Keith Fung
General Manager of Corporate Financeno datano datano data
Koon Ying Chow
Group General Counsel & Company Secretary1.25yrsno datano data
Patricia Hwang
Director of People0.75yrno datano data
Philippe Lacamp
Senior Vice President of Americas5yrsno datano data
Christopher Buckley
Head of Financial Serviceno datano datano data
Ying Wah Yau
Chief Executive Officer of Cathay Dragon0.75yrHK$3.41mno data
Jenny Lam
Chief Executive Officer of Cathay Pacific Catering Services (H.K.) Ltd. (Cpcs)9.33yrsno datano data

1.2yrs

Average Tenure

54yo

Average Age

Experienced Management: 293's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Patrick Healy
Executive Chairman0.92yrHK$1.06mno data
Kin Wing Tang
CEO & Executive Director1.17yrsHK$5.03mno data
Martin Murray
CFO & Executive Directorno dataHK$11.14mno data
Gregory Thomas Hughes
Chief Operations & Service Delivery Officer and Executive Director3.33yrsHK$11.41mno data
Siu Por Lam
Executive Director1.17yrsHK$3.95mno data
Lieh Cheung Tung
Independent Non-Executive Director5.42yrsHK$814.00kno data
Jianjiang Cai
Deputy Chairman6.58yrsHK$575.00kno data
Xiaohang Zhao
Non-Executive Director9.33yrsHK$575.00kno data
Merlin Bingham Swire
Non-Executive Director10.33yrsno data0.00047%
HK$ 160.4k
Zhiyong Song
Non-Executive Director6.58yrsHK$575.00kno data
John Harrison
Independent Non-Executive Director5.42yrsHK$906.00kno data
Robert Milton
Independent Non-Executive Director1.42yrsHK$616.00kno data

5.4yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 293's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 293 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.6%.


Top Shareholders

Company Information

Cathay Pacific Airways Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cathay Pacific Airways Limited
  • Ticker: 293
  • Exchange: SEHK
  • Founded: 1946
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: HK$34.117b
  • Shares outstanding: 6.44b
  • Website: https://www.cathaypacific.com

Number of Employees


Location

  • Cathay Pacific Airways Limited
  • Hong Kong International Airport
  • 8 Scenic Road
  • Lantau Island
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPCA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
293SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
CTYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
293SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
293SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
CPCA.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJun 1994
CTYADB (Deutsche Boerse AG)SPONSORED ADRDEEURJun 1994

Biography

Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. The company conducts airline operations principally to and from Hong Kong. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:44
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.