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Cathay Pacific Airways
(OTC:CPCAY)
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Rating:77Outperform
Price Target:
$10.50
▲(14.38% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improving financial performance with solid recent profitability and free cash flow, supported by attractive valuation (low P/E and high dividend yield). Technicals are also favorable with a clear uptrend, though momentum readings are nearing overbought, and leverage/cyclicality remain the main constraints.
Positive Factors
Diversified Business Model
Cathay benefits from multiple, complementary revenue streams — full-service long‑haul, LCC short‑haul (HK Express), cargo and loyalty/services. This structural mix smooths revenue cycles, enables route and pricing flexibility, and supports durable demand capture across segments over 2–6 months and beyond.
Negative Factors
Meaningful Leverage
A debt‑heavy capital structure (~1x debt/equity) constrains strategic flexibility and raises interest and refinancing risk if demand weakens. For an airline, sustained leverage limits ability to absorb cyclical shocks and increases vulnerability to higher rates or lower cash flow over a 2–6 month horizon and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
Cathay benefits from multiple, complementary revenue streams — full-service long‑haul, LCC short‑haul (HK Express), cargo and loyalty/services. This structural mix smooths revenue cycles, enables route and pricing flexibility, and supports durable demand capture across segments over 2–6 months and beyond.
Read all positive factors
Cathay Pacific Airways (CPCAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.32B
Dividend Yield5.7%
Average Volume (3M)10.00
Price to Earnings (P/E)8.8
Beta (1Y)0.33
Revenue Growth11.96%
EPS Growth10.92%
CountryUS
Employees33,369
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)8.30
Shares Outstanding1,216,225,600
10 Day Avg. Volume0
30 Day Avg. Volume10
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)1.34
Price to Sales (P/S)0.69
P/FCF Ratio5.08
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.11
Revenue Forecast (FY)$17.28B
Cathay Pacific Airways Business Overview & Revenue Model
Company Description
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,...
How the Company Makes Money
Cathay Pacific makes money primarily by selling air transportation and related services across passenger and cargo markets. Passenger revenue is generated from ticket sales across cabin classes (e.g., economy, premium economy, business, first wher...
Cathay Pacific Airways Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
73
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 116.57B | 104.37B | 94.48B | 51.04B | 45.59B |
| Gross Profit | 20.46B | 32.58B | 20.70B | 20.41B | 3.17B |
| EBITDA | 26.13B | 21.45B | 27.14B | 10.24B | 6.38B |
| Net Income | 10.81B | 9.89B | 9.79B | -6.62B | -5.53B |
Balance Sheet | |||||
| Total Assets | 177.03B | 171.24B | 174.12B | 180.91B | 196.63B |
| Cash, Cash Equivalents and Short-Term Investments | 12.29B | 10.53B | 15.53B | 18.28B | 19.28B |
| Total Debt | 59.10B | 68.47B | 68.29B | 77.11B | 89.85B |
| Total Liabilities | 116.92B | 118.74B | 114.08B | 117.03B | 124.38B |
| Stockholders Equity | 60.10B | 52.50B | 60.03B | 63.88B | 72.24B |
Cash Flow | |||||
| Free Cash Flow | 15.90B | 14.33B | 19.61B | 14.11B | 6.56B |
| Operating Cash Flow | 25.71B | 23.54B | 26.41B | 17.84B | 8.84B |
| Investing Cash Flow | -7.81B | -6.08B | -2.67B | -2.76B | 493.00M |
| Financing Cash Flow | -15.43B | -19.83B | -23.18B | -16.24B | -6.93B |
Cathay Pacific Airways Technical Analysis
Positive
9.18
Price Trends
8.43
Positive
8.01
Positive
7.73
Positive
Market Momentum
0.33
Negative
67.24
Neutral
89.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPCAY, the sentiment is Positive. The current price of 9.18 is above the 20-day moving average (MA) of 8.95, above the 50-day MA of 8.43, and above the 200-day MA of 7.73, indicating a bullish trend. The MACD of 0.33 indicates Negative momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 89.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CPCAY.
Cathay Pacific Airways Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $11.32B | 8.80 | 22.72% | 5.79% | 11.96% | 10.92% | |
77 Outperform | $57.50B | 14.38 | 19.33% | 0.91% | 10.28% | -12.67% | |
75 Outperform | $15.39B | 9.17 | 126.90% | 3.05% | 16.19% | 62.18% | |
70 Outperform | $39.38B | 11.32 | 22.50% | ― | 8.48% | 6.74% | |
68 Neutral | $29.06B | 13.56 | 20.27% | 1.74% | 13.24% | -1.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | $10.11B | -31.16 | 8.29% | ― | 7.53% | -157.37% |
* Industrials Sector Average
CPCAY
Cathay Pacific Airways
9.50
3.28
52.69%
DAL
Delta Air Lines
91.34
38.42
72.59%
RYAAY
Ryanair Holdings
60.19
-2.78
-4.41%
UAL
United Airlines Holdings
129.56
40.23
45.04%
AAL
American Airlines
15.94
4.36
37.65%
LTM
LATAM Airlines Group SA Sponsored ADR
56.72
14.75
35.14%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.