Cathay Pacific Airways Limited, together with its subsidiaries, operates as a carrier of international passengers and air cargo. More Details
High growth potential and overvalued.
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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 293's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 293 underperformed the Hong Kong Airlines industry which returned 29% over the past year.
Return vs Market: 293 underperformed the Hong Kong Market which returned 24.4% over the past year.
Long-Term 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
1 week ago | Simply Wall StHow Much Did Cathay Pacific Airways'(HKG:293) Shareholders Earn From Share Price Movements Over The Last Three Years?
2 months ago | Simply Wall StShould You Think About Buying Cathay Pacific Airways Limited (HKG:293) Now?
3 months ago | Simply Wall StCathay Pacific Airways' (HKG:293) Shareholders Are Down 45% On Their Shares
Is Cathay Pacific Airways undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 293 (HK$6.42) is trading above our estimate of fair value (HK$4.56)
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 Global 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 (0.8x) compared to the XA Airlines industry average (1.5x).
How is Cathay Pacific Airways forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 293 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 293 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 293's is expected to become profitable in the next 3 years.
Revenue vs Market: 293's revenue (21.2% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).
High Growth Revenue: 293's revenue (21.2% 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 (8.7%).
How has Cathay Pacific Airways performed over the past 5 years?
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 61.8% 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 (-26.2%).
Return on Equity
High ROE: 293 has a negative Return on Equity (-29.55%), as it is currently unprofitable.
How is Cathay Pacific Airways's financial position?
Financial Position Analysis
Short Term Liabilities: 293's short term assets (HK$27.6B) do not cover its short term liabilities (HK$46.7B).
Long Term Liabilities: 293's short term assets (HK$27.6B) do not cover its long term liabilities (HK$84.6B).
Debt to Equity History and Analysis
Debt Level: 293's debt to equity ratio (75.7%) is considered high.
Reducing Debt: 293's debt to equity ratio has increased from 74% to 75.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 293 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 293 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Cathay Pacific Airways's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Augustus Tang (61 yo)
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 ($USD1.05M) is above average for companies of similar size in the Hong Kong market ($USD646.79K).
Compensation vs Earnings: Augustus's compensation has increased whilst the company is unprofitable.
Experienced Management: 293's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: 293's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.6%.
Cathay Pacific Airways Limited's company bio, employee growth, exchange listings and data sources
- Name: Cathay Pacific Airways Limited
- Ticker: 293
- Exchange: SEHK
- Founded: 1946
- Industry: Airlines
- Sector: Transportation
- Market Cap: HK$41.327b
- Shares outstanding: 6.44b
- Website: https://www.cathaypacific.com
Number of Employees
- Cathay Pacific Airways Limited
- Hong Kong International Airport
- 8 Scenic Road
- Lantau Island
- New Territories
- Hong Kong
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/16 10:20|
|End of Day Share Price||2021/05/14 00:00|
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.