Cathay Pacific Airways Ltd
HKEX:293

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Cathay Pacific Airways Ltd
HKEX:293
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Price: 9.58 HKD 0.95%
Market Cap: 61.7B HKD
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Relative Value

The Relative Value of one Cathay Pacific Airways Ltd stock under the Base Case scenario is 20.44 HKD. Compared to the current market price of 9.58 HKD, Cathay Pacific Airways Ltd is Undervalued by 53%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
20.44 HKD
Undervaluation 53%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.6
P/S
P/S
Price to Sales
0.6
vs History
69
vs Industry
34
Median 3Y
0.9
Median 5Y
0.7
Industry
0.5
Forward
0.6
More Details
7.3
P/E
P/E
Price to Earnings
7.3
vs History
26
vs Industry
43
Median 3Y
-2
Median 5Y
-2
Industry
9.2
Forward
8.6
More Details
3.4
P/OCF
P/OCF
Price to OCF
3.4
vs History
25
vs Industry
53
Median 3Y
2.9
Median 5Y
2.1
Industry
3.5
More Details
15.4
P/FCFE
P/FCFE
Price to FCFE
15.4
vs History
3
vs Industry
14
Median 3Y
-2.3
Median 5Y
-2.7
Industry
10.5
More Details
1
P/B
P/B
Price to Book Value
1
vs History
15
vs Industry
60
Median 3Y
0.8
Median 5Y
0.7
Industry
2.1
More Details
0.9
EV/S
EV/S
Enterprise Value to Sales
0.9
vs History
93
vs Industry
38
Median 3Y
1.8
Median 5Y
1.2
Industry
0.9
Forward
0.8
More Details
1.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
1.3
vs History
93
vs Industry
62
Median 3Y
2.8
Median 5Y
2.3
Industry
3
More Details
7.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.4
vs History
46
vs Industry
31
Median 3Y
7.3
Median 5Y
6.5
Industry
6.6
Forward
3.6
More Details
7.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
7.4
vs History
36
vs Industry
40
Median 3Y
-9.9
Median 5Y
-10.1
Industry
10.2
Forward
7.6
More Details
4.9
EV/OCF
EV/OCF
Enterprise Value to OCF
4.9
vs History
46
vs Industry
55
Median 3Y
4.9
Median 5Y
4.4
Industry
6.4
More Details
8.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
8.6
vs History
31
vs Industry
51
Median 3Y
7
Median 5Y
4.5
Industry
10
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
12
vs Industry
51
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

Competitors Multiples
Cathay Pacific Airways Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
HK
Cathay Pacific Airways Ltd
HKEX:293
61.7B HKD 0.6 7.3 7.4 7.4
US
Delta Air Lines Inc
NYSE:DAL
40.4B USD 0.7 8.7 5.5 9.1
US
United Airlines Holdings Inc
NASDAQ:UAL
33.3B USD 0.6 12 8.8 8.8
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
19.5B CHF 0 -1 404.3 -1 404.9 -1 404.9
IE
Ryanair Holdings PLC
LSE:RYA
15.4B EUR 1.1 8 4.5 6.8
IN
Interglobe Aviation Ltd
NSE:INDIGO
1.8T INR 2.4 26.9 11.3 20.7
US
Southwest Airlines Co
NYSE:LUV
20.6B USD 0.8 -420 12.5 -45.1
UK
International Consolidated Airlines Group SA
LSE:IAG
14.8B GBP 0.5 6.8 57.5 92
CN
Air China Ltd
SSE:601111
134.4B CNY 0.8 -282.3 -430.8 -430.8
CN
China Southern Airlines Co Ltd
SSE:600029
120B CNY 0.7 -33.7 63.3 63.3
SG
Singapore Airlines Ltd
SGX:C6L
19B SGD 1 9.6 4.9 10.5
P/E Multiple
Earnings Growth P/E to Growth
HK
Cathay Pacific Airways Ltd
HKEX:293
Average P/E: 11.3
7.3
-16%
N/A
US
Delta Air Lines Inc
NYSE:DAL
8.7
14%
0.6
US
United Airlines Holdings Inc
NASDAQ:UAL
12
82%
0.1
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.3 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
8
48%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
26.9
18%
1.5
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -420
209%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
6.8
7%
1
CN
Air China Ltd
SSE:601111
Negative Multiple: -282.3 N/A N/A
CN
China Southern Airlines Co Ltd
SSE:600029
Negative Multiple: -33.7 N/A N/A
SG
Singapore Airlines Ltd
SGX:C6L
9.6
-50%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
HK
Cathay Pacific Airways Ltd
HKEX:293
Average EV/EBIT: 27.3
7.4
-12%
N/A
US
Delta Air Lines Inc
NYSE:DAL
9.1
20%
0.5
US
United Airlines Holdings Inc
NASDAQ:UAL
8.8
27%
0.3
CH
Kinarus Therapeutics Holding AG
SIX:KNRS
Negative Multiple: -1 404.9 N/A N/A
IE
R
Ryanair Holdings PLC
LSE:RYA
6.8
37%
0.2
IN
Interglobe Aviation Ltd
NSE:INDIGO
20.7
33%
0.6
US
Southwest Airlines Co
NYSE:LUV
Negative Multiple: -45.1
360%
N/A
UK
International Consolidated Airlines Group SA
LSE:IAG
92
25%
3.6
CN
Air China Ltd
SSE:601111
Negative Multiple: -430.8
7 484%
N/A
CN
China Southern Airlines Co Ltd
SSE:600029
63.3
180%
0.4
SG
Singapore Airlines Ltd
SGX:C6L
10.5
-46%
N/A

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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