Cathay Pacific Airways Limited (HKG:0293)

Cathay Pacific Airways Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	88,784	83,565	61,432	52,533	54,845	41,134
Market Cap Growth	17.64%	36.03%	16.94%	-4.21%	33.33%	-10.88%
Enterprise Value	135,606	139,914	109,413	116,725	140,396	135,922
Last Close Price	14.60	11.77	8.44	6.70	7.00	5.25

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.02	7.72	6.40	5.79	-	-
Forward PE	9.34	9.33	7.87	6.75	37.21	33.30
PS Ratio	0.76	0.72	0.59	0.56	1.08	0.90
PB Ratio	1.48	1.39	1.17	0.88	0.86	0.57
P/TBV Ratio	1.94	1.83	1.61	1.47	1.86	1.09
P/FCF Ratio	5.71	5.37	4.29	2.68	3.89	6.27
P/OCF Ratio	3.50	3.29	2.61	1.99	3.08	4.66
PEG Ratio	-	6.14	6.14	6.14	6.14	6.14

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	1.16	1.20	1.05	1.24	2.75	2.98
EV/EBITDA Ratio	5.31	6.44	5.25	5.71	13.72	21.29
EV/EBIT Ratio	9.29	9.94	8.30	8.99	40.45	-
EV/FCF Ratio	8.72	9.00	7.63	5.95	9.95	20.72

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.98	0.98	1.30	1.14	1.21	1.24
Debt / EBITDA Ratio	2.36	2.36	2.78	2.76	5.13	7.70
Debt / FCF Ratio	3.80	3.80	4.78	3.48	5.47	13.70
Net Debt / Equity Ratio	0.78	0.78	1.10	0.88	0.92	0.98
Net Debt / EBITDA Ratio	2.15	2.15	2.78	2.58	5.76	11.07
Net Debt / FCF Ratio	3.01	3.01	4.04	2.69	4.18	10.78
Asset Turnover	0.67	0.67	0.60	0.53	0.27	0.23
Inventory Turnover	51.80	51.80	61.03	58.32	25.46	19.88
Quick Ratio	0.35	0.35	0.35	0.47	0.55	0.60
Current Ratio	0.38	0.38	0.38	0.50	0.61	0.67
Return on Equity (ROE)	19.23%	19.23%	17.57%	15.81%	-9.73%	-7.60%
Return on Assets (ROA)	5.05%	5.05%	4.77%	4.57%	1.15%	-0.17%
Return on Invested Capital (ROIC)	11.58%	11.39%	10.42%	9.94%	2.61%	-0.39%
Return on Capital Employed (ROCE)	11.90%	11.90%	10.90%	10.10%	2.50%	-0.40%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	12.20%	12.96%	16.10%	18.63%	-12.08%	-13.44%
FCF Yield	17.52%	18.61%	23.33%	37.32%	25.72%	15.95%
Dividend Yield	5.80%	7.14%	8.17%	6.42%	-	-
Payout Ratio	41.48%	41.48%	45.78%	20.11%	-	-
Buyback Yield / Dilution	8.94%	8.94%	0.15%	-14.88%	-	-24.85%
Total Shareholder Return	14.74%	16.08%	8.32%	-8.46%	-	-24.85%

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Jul 31, 2026

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