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Cathay Pacific Airways Ltd 00293

Morningstar Rating
HKD 8.26 −0.02 (0.24%)
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Company Report

Cathay Pacific Reinstates Common Dividend

As the flagship airline in Hong Kong, Cathay Pacific operates an extensive global route network leveraging its dominance in the international aviation hub. The absence of a domestic market means Cathay must rely entirely on international markets. Before the pandemic, the North American market accounted for about 26% of Cathay's passenger capacity, followed by Europe and North Asia (including China), each representing about 20% of capacity.

Price vs Fair Value

00293 is trading within a range we consider fairly valued.
Price
HKD 8.26
Fair Value
HKD 68.00
Uncertainty
Medium
1-Star Price
HKD 86.50
5-Star Price
HKD 2.00
Economic Moat
Dtf
Capital Allocation
Mgkdprxt

Bulls Say, Bears Say

Bulls

Cathay’s earnings will surprise positively due to high passenger load factor and yield.

Bears

Seat capacity recovery is slower than expected.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
HKD 8.28
Day Range
HKD 8.258.35
52-Week Range
HKD 7.429.35
Bid/Ask
HKD 8.26 / HKD 8.26
Market Cap
HKD 53.18 Bil
Volume/Avg
5.6 Mil / 8.7 Mil

Key Statistics

Price/Earnings (Normalized)
8.49
Price/Sales
0.65
Dividend Yield (Trailing)
5.21%
Dividend Yield (Forward)
5.21%
Total Yield
5.21%

Company Profile

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 230 aircraft as of December 2023 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.
Sector
Industrials
Industry
Airlines
Stock Style Box
Large Value
Total Number of Employees
23,800

Competitors

Valuation

Metric
00293
C6L
QAN
Price/Earnings (Normalized)
8.4911.396.77
Price/Book Value
0.891.3787.55
Price/Sales
0.651.570.53
Price/Cash Flow
3.186.323.04
Price/Earnings
00293
C6L
QAN

Financial Strength

Metric
00293
C6L
QAN
Quick Ratio
0.471.070.27
Current Ratio
0.501.230.33
Interest Coverage
3.607.097.20
Quick Ratio
00293
C6L
QAN

Profitability

Metric
00293
C6L
QAN
Return on Assets (Normalized)
3.95%5.83%8.17%
Return on Equity (Normalized)
12.62%17.73%3,684.51%
Return on Invested Capital (Normalized)
7.54%12.55%27.00%
Return on Assets
00293
C6L
QAN
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1-Day Chart
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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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Air China Ltd Class H
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CHKIF
Qphvy$13.1 Bil
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