Cathay Pacific Airways Ltd

Chart & Performance

D1W1MN

P/E

6.14

P/S

0.64

EPS

1.52

Div Yield, %

3.27%

Shrs. gr., 5y

13.45%

Rev. gr., 5y

-3.18%

Revenues

94.49b

+85.13%

Net income

9.79b

CFO

26.41b

+39.49%

Dividend

Sep 04, 20240.2 HKD/sh

Earnings

Mar 13, 2025

Profile

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. It also provides property investment, travel reward program, travel tour operator, financial, aircraft leasing and acquisition facilitation, airline catering, information processing, aircraft ramp handling, laundry and dry cleaning, ground handling, aircraft engineering, cargo carriage, airport ground engineering support and equipment maintenance, and inventory technical management services. In addition, the company operates a computer network for interchange of air cargo related information; and offers repair and maintenance services for transportation companies. It operates in the Americas, Europe, Southeast Asia, Southwest Pacific, North Asia, South Asia, the Middle East, and Africa. As of December 31, 2021, it operated 234 aircraft directly connecting Hong Kong to 119 destinations in 35 countries worldwide, including 26 destinations in China. Cathay Pacific Airways Limited was founded in 1946 and is headquartered in Lantau Island, Hong Kong.

URL

https://www.cathaypacific.com/

IPO date

May 15, 1986

Employees

21,900

Domiciled in

Incorporated in

Valuation

Order:

Title HKD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title HKD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	94,485,000 85.13%	51,036,000 11.95%	45,587,000 -2.87%
Cost of revenue	73,785,000	46,616,000	44,751,000
Unusual Expense (Income)
NOPBT	20,700,000	4,420,000	836,000
NOPBT Margin	21.91%	8.66%	1.83%
Operating Taxes	1,068,000	507,000	(531,000)
Tax Rate	5.16%	11.47%
NOPAT	19,632,000	3,913,000	1,367,000
Net income	9,789,000 -249.50%	(6,548,000) 18.47%	(5,527,000) -74.47%
Dividends	(1,969,000)
Dividend yield	3.26%
Proceeds from repurchase of equity	(9,750,000)
BB yield	16.16%
Debt
Debt current	10,523,000	14,643,000	22,350,000
Long-term debt	86,770,000	62,989,000	68,030,000
Deferred revenue	2,768,000	2,907,000	3,735,000
Other long-term liabilities	294,000	25,928,000	28,627,000
Net debt	65,717,000	40,989,000	44,659,000
Cash flow
Cash from operating activities	26,408,000	18,932,000	8,835,000
CAPEX	(6,801,000)	(3,729,000)	(2,276,000)
Cash from investing activities	(2,668,000)	(3,856,000)	493,000
Cash from financing activities	(23,178,000)	(16,236,000)	(6,932,000)
FCF	35,940,000	11,471,000	9,302,000
Balance
Cash	15,530,000	18,277,000	19,284,000
Long term investments	16,046,000	18,366,000	26,437,000
Excess cash	26,851,750	34,091,200	43,441,650
Stockholders' equity	60,033,000	63,358,000	71,723,000
Invested Capital	104,537,250	105,923,800	119,815,350
ROIC	18.66%	3.47%	1.12%
ROCE	14.88%	2.98%	0.48%
EV
Common stock shares outstanding	7,395,239	6,437,200	6,437,200
Price	8.16 -4.23%	8.52 33.33%	6.39 -11.74%
Market cap	60,345,151 10.03%	54,844,946 33.33%	41,133,709 10.19%
EV	126,069,151	115,339,946	105,297,709
EBITDA	33,138,000	16,848,000	13,661,000
EV/EBITDA	3.80	6.85	7.71
Interest	3,961,000	3,074,000	2,486,000
Interest/NOPBT	19.14%	69.55%	297.37%