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Cathay Pacific Airways Limited CPCAY

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Price alert · CPCAY

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8.91 USD +0.39 (+4.58%)

At closeNov 3, 2026, 4:00 PM EST

8.40 Day range 8.46
7.13 52-week range 9.87
YTD
+12.36%
1 year
+27.29%

Financial health

Altman Z-Score

1.42 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

8 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A4 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 1
  • P/E 4
  • P/B 4

Valuation

P/E 7.5×
FY 2016: -67.5×FY 2017: -38.2×FY 2018: 19.6×FY 2019: 30.4×FY 2020: -1.7×FY 2021: -6.7×FY 2022: -8.0×FY 2023: 6.4×FY 2024: 7.3×FY 2025: 7.5×
FY 2016 5y median 6.4× FY 2025
P/S 0.7×
FY 2016: 0.4×FY 2017: 0.5×FY 2018: 0.4×FY 2019: 0.5×FY 2020: 0.8×FY 2021: 0.9×FY 2022: 1.1×FY 2023: 0.6×FY 2024: 0.7×FY 2025: 0.7×
FY 2016 5y median 0.7× FY 2025
P/B 1.3×
FY 2016: 0.7×FY 2017: 0.8×FY 2018: 0.7×FY 2019: 0.8×FY 2020: 0.5×FY 2021: 0.6×FY 2022: 0.9×FY 2023: 1.0×FY 2024: 1.4×FY 2025: 1.3×
FY 2016 5y median 1.0× FY 2025
P/FCF 5.1×
FY 2016: -4.5×FY 2017: -3.8×FY 2018: -31.6×FY 2019: 16.0×FY 2020: -1.9×FY 2021: 6.2×FY 2022: 4.1×FY 2023: 3.1×FY 2024: 5.0×FY 2025: 5.1×
FY 2016 5y median 5.0× FY 2025
EV/EBITDA 5.0×
FY 2016: 10.0×FY 2017: 11.4×FY 2018: 7.3×FY 2019: 7.1×FY 2020: 45.7×FY 2021: 10.0×FY 2022: 8.1×FY 2023: 4.4×FY 2024: 5.3×FY 2025: 5.0×
FY 2016 5y median 5.3× FY 2025
EV/Sales 1.1×
FY 2016: 1.1×FY 2017: 1.2×FY 2018: 1.0×FY 2019: 1.3×FY 2020: 2.6×FY 2021: 2.7×FY 2022: 2.5×FY 2023: 1.3×FY 2024: 1.3×FY 2025: 1.1×
FY 2016 5y median 1.3× FY 2025
FCF Yield 19.7%
FY 2016: -22.0%FY 2017: -26.2%FY 2018: -3.2%FY 2019: 6.2%FY 2020: -52.9%FY 2021: 16.1%FY 2022: 24.6%FY 2023: 32.7%FY 2024: 20.0%FY 2025: 19.7%
FY 2016 5y median 20.0% FY 2025

Profitability

Gross Margin 17.5%
FY 2016: 3.7%FY 2017: 1.8%FY 2018: 8.3%FY 2019: 8.5%FY 2020: -18.3%FY 2021: 7.0%FY 2022: 40.0%FY 2023: 21.9%FY 2024: 31.2%FY 2025: 17.5%
FY 2016 5y median 21.9% FY 2025
Operating Margin 12.1%
FY 2016: -0.6%FY 2017: -1.5%FY 2018: 3.2%FY 2019: 5.0%FY 2020: -38.7%FY 2021: -3.2%FY 2022: 6.8%FY 2023: 16.0%FY 2024: 13.3%FY 2025: 12.1%
FY 2016 5y median 12.1% FY 2025
Net Margin 9.3%
FY 2016: -0.6%FY 2017: -1.3%FY 2018: 2.1%FY 2019: 1.6%FY 2020: -46.1%FY 2021: -12.1%FY 2022: -13.0%FY 2023: 10.4%FY 2024: 9.5%FY 2025: 9.3%
FY 2016 5y median 9.3% FY 2025
ROE 18.0%
FY 2016: -1.0%FY 2017: -2.1%FY 2018: 3.7%FY 2019: 2.7%FY 2020: -29.5%FY 2021: -7.6%FY 2022: -10.4%FY 2023: 16.3%FY 2024: 18.8%FY 2025: 18.0%
FY 2016 5y median 16.3% FY 2025
ROIC 9.4%
FY 2016: 0.4%FY 2017: -0.9%FY 2018: 2.0%FY 2019: 2.3%FY 2020: -9.7%FY 2021: -0.7%FY 2022: 2.3%FY 2023: 9.8%FY 2024: 9.3%FY 2025: 9.4%
FY 2016 5y median 9.3% FY 2025
ROA 6.1%
FY 2016: -0.3%FY 2017: -0.7%FY 2018: 1.2%FY 2019: 0.8%FY 2020: -10.6%FY 2021: -2.8%FY 2022: -3.7%FY 2023: 5.6%FY 2024: 5.8%FY 2025: 6.1%
FY 2016 5y median 5.6% FY 2025

Growth (YoY)

Revenue 11.7%
FY 2016: -9.4%FY 2017: 4.9%FY 2018: 14.2%FY 2019: -3.7%FY 2020: -56.1%FY 2021: -2.9%FY 2022: 12.0%FY 2023: 85.1%FY 2024: 10.5%FY 2025: 11.7%
FY 2016 FY 2025
Operating Income 0.9%
FY 2016: -107.9%FY 2017: -176.0%FY 2018: 348.1%FY 2019: 47.6%FY 2020: -441.9%FY 2021: 92.0%FY 2022: 340.5%FY 2023: 335.8%FY 2024: -7.9%FY 2025: 0.9%
FY 2016 FY 2025
EPS (diluted) 21.8%
FY 2016: -109.8%FY 2017: -113.3%FY 2018: 275.0%FY 2019: -33.9%FY 2020: -1245.9%FY 2021: 77.6%FY 2022: -17.9%FY 2023: 212.5%FY 2024: 5.6%FY 2025: 21.8%
FY 2016 FY 2025
Free Cash Flow 10.9%
FY 2016: -411.7%FY 2017: -43.6%FY 2018: 88.4%FY 2019: 316.3%FY 2020: -721.5%FY 2021: 133.3%FY 2022: 115.1%FY 2023: 39.0%FY 2024: -26.9%FY 2025: 10.9%
FY 2016 FY 2025

Financial Health

Current Ratio 0.4×
FY 2016: 0.7×FY 2017: 0.8×FY 2018: 0.6×FY 2019: 0.5×FY 2020: 0.6×FY 2021: 0.7×FY 2022: 0.6×FY 2023: 0.5×FY 2024: 0.4×FY 2025: 0.4×
FY 2016 5y median 0.5× FY 2025
Quick Ratio 0.4×
FY 2016: 0.7×FY 2017: 0.8×FY 2018: 0.6×FY 2019: 0.4×FY 2020: 0.6×FY 2021: 0.6×FY 2022: 0.6×FY 2023: 0.5×FY 2024: 0.4×FY 2025: 0.4×
FY 2016 5y median 0.5× FY 2025
Debt / Equity 1.0×
FY 2016: 1.3×FY 2017: 1.3×FY 2018: 1.2×FY 2019: 1.5×FY 2020: 1.3×FY 2021: 1.2×FY 2022: 1.2×FY 2023: 1.1×FY 2024: 1.3×FY 2025: 1.0×
FY 2016 5y median 1.2× FY 2025
Net Debt / EBITDA 1.9×
FY 2016: 6.0×FY 2017: 6.8×FY 2018: 4.3×FY 2019: 4.5×FY 2020: 32.0×FY 2021: 6.6×FY 2022: 4.5×FY 2023: 2.2×FY 2024: 2.5×FY 2025: 1.9×
FY 2016 5y median 2.5× FY 2025
Interest Coverage 4.4×
FY 2016: -0.4×FY 2017: -0.8×FY 2018: 1.6×FY 2019: 1.6×FY 2020: -6.7×FY 2021: -0.6×FY 2022: 1.1×FY 2023: 3.8×FY 2024: 3.6×FY 2025: 4.4×
FY 2016 5y median 3.6× FY 2025

Dividends

Dividend Yield 5.6%
FY 2016: 3.2%FY 2017: 0.0%FY 2018: 1.3%FY 2019: 2.9%FY 2020: 4.7%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 3.3%FY 2024: 6.3%FY 2025: 5.6%
FY 2016 5y median 3.3% FY 2025
Payout Ratio 41.5%
FY 2016: -219.0%FY 2017: 0.0%FY 2018: 25.2%FY 2019: 88.4%FY 2020: -8.2%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 20.1%FY 2024: 45.8%FY 2025: 41.5%
FY 2016 5y median 20.1% FY 2025

Annual · latest fiscal year ends 2025-12-31