Cathay Pacific Airways (293) Stock Overview
Offers international passenger and air cargo transportation services. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
293 Community Fair Values
Create NarrativeSee what 16 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
HK$11.98
FV
2.8% undervalued intrinsic discount7.00%
Revenue growth p.a.
153
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Cathay Pacific Airways Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$11.64 |
| 52 Week High | HK$14.15 |
| 52 Week Low | HK$9.76 |
| Beta | 0.42 |
| 1 Month Change | -7.55% |
| 3 Month Change | -5.60% |
| 1 Year Change | 11.07% |
| 3 Year Change | 53.97% |
| 5 Year Change | 69.19% |
| Change since IPO | 18.17% |
Recent News & Updates
Narrative Update • Jun 03
293: Share Buyback Will Support Upside As Traffic Recovery Strengthens P/E Case
Analysts kept their HK$18.0 price target for Cathay Pacific Airways unchanged, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, and pointing to recent more cautious research commentary as a reason to hold the line rather than move the target. What's in the News Cathay Pacific announced unaudited March 2026 traffic figures, reporting 12,418,605,000 Available Seat Kilometres, 11,446,209,000 Revenue Passenger Kilometres, 2,808,618 passengers carried with a 92.2% passenger load factor, and a cargo load factor of 62.9% on 1,339,646,000 Available Freight Tonne Kilometres and 843,017,000 Revenue Freight Tonne Kilometres.
Narrative Update • May 15
293: Margin Pressures And BNP Downgrade Will Undermine Traffic And Dividend Optimism
Analysts have trimmed their HK$ 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Recent updates
Narrative Update • Jun 03
293: Share Buyback Will Support Upside As Traffic Recovery Strengthens P/E Case
Analysts kept their HK$18.0 price target for Cathay Pacific Airways unchanged, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E, and pointing to recent more cautious research commentary as a reason to hold the line rather than move the target. What's in the News Cathay Pacific announced unaudited March 2026 traffic figures, reporting 12,418,605,000 Available Seat Kilometres, 11,446,209,000 Revenue Passenger Kilometres, 2,808,618 passengers carried with a 92.2% passenger load factor, and a cargo load factor of 62.9% on 1,339,646,000 Available Freight Tonne Kilometres and 843,017,000 Revenue Freight Tonne Kilometres.Narrative Update • May 15
293: Margin Pressures And BNP Downgrade Will Undermine Traffic And Dividend Optimism
Analysts have trimmed their HK$ 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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.Narrative Update • 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).
Narrative Update • 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.Narrative Update • 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).Narrative Update • 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).Narrative Update • 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.
Narrative Update • 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).Analysis Article • 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...Narrative Update • 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.Narrative Update • 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.Narrative Update • 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).Narrative Update • 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).Narrative Update • 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.Analysis Article • 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...Analysis Article • 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...Narrative Update • 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.Narrative Update • 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%.Analysis Article • 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...Analysis Article • 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...Analysis Article • 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...Analysis Article • Jun 17
Cathay Pacific Airways (HKG:293) Is Doing The Right Things To Multiply Its Share Price
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
New Narrative • 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.New Narrative • 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 SingaporShareholder Returns
| 293 | HK Airlines | HK Market | |
|---|---|---|---|
| 7D | -10.8% | -1.8% | -3.2% |
| 1Y | 11.1% | -10.0% | 3.3% |
Return vs Industry: 293 exceeded the Hong Kong Airlines industry which returned -10% over the past year.
Return vs Market: 293 exceeded the Hong Kong Market which returned 3.3% over the past year.
Price Volatility
| 293 volatility | |
|---|---|
| 293 Average Weekly Movement | 5.3% |
| Airlines Industry Average Movement | 5.2% |
| Market Average Movement | 7.4% |
| 10% most volatile stocks in HK Market | 16.0% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 293 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 293's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1946 | 33,000 | Ronald Lam | www.cathaypacific.com/cx/en_IN.html |
Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company provides airline operations, including catering, cargo terminal operations, ground handling services, and commercial laundry operations, as well as scheduled services. The company operates in the Chinese Mainland, Hong Kong, Taiwan, Japan, Korea, the Americas, the Southeast Asia and the Oceania, Europe, the South Asia, the Middle East, and Africa.
Cathay Pacific Airways Limited Fundamentals Summary
| 293 fundamental statistics | |
|---|---|
| Market cap | HK$70.78b |
| Earnings (TTM) | HK$10.83b |
| Revenue (TTM) | HK$116.77b |
6.5x
P/E Ratio0.6x
P/S RatioIs 293 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 293 income statement (TTM) | |
|---|---|
| Revenue | HK$116.77b |
| Cost of Revenue | HK$84.17b |
| Gross Profit | HK$32.59b |
| Other Expenses | HK$21.77b |
| Earnings | HK$10.83b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.78 |
| Gross Margin | 27.91% |
| Net Profit Margin | 9.27% |
| Debt/Equity Ratio | 53.9% |
How did 293 perform over the long term?
See historical performance and comparisonDividends
7.2%
Current Dividend Yield51%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 00:07 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cathay Pacific Airways Limited is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick Xu | Barclays |
| Wei Fang | BNP Paribas |
| Nathan Gee | BofA Global Research |