Cathay Pacific Airways (CTY) Stock Price & Analysis
CTY Stock Chart & Stats
- Day’s Range
- EUR 1.56 - EUR 1.56
- 52-Week Range
- EUR 1.23 - EUR 1.65
- Previous Close
- EUR 1.50
- Volume
- 0
- Average Volume (3M)
- 215
- Market Cap
- EUR 9.54B
- Enterprise Value
- EUR 128.71B
- Total Cash (Recent Filing)
- EUR 16.23B
- Total Debt (Recent Filing)
- EUR 63.49B
- Price to Earnings (P/E)
- 6.6
- Beta
- 0.58
- Next Earnings
- Mar 17, 2027 (Est.)
- EPS Estimate
- 0.14
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 6.68%
Bulls Say, Bears Say
Bulls Say
Revenue Recovery
Revenue expanded strongly from the 2020–2022 trough, with 2025 revenue up about 7% year over year and above pre-recovery levels. This indicates restored passenger and cargo earning capacity and provides a durable base for network utilization and future operating leverage.
Profitability
2025 net margin of about 9% and EBIT margin of about 12% show that the recovery is translating into meaningful profits, not merely higher sales. The stated cost control and pricing power can support reinvestment and resilience over the next several quarters.
Cash Generation
Operating cash flow of roughly 25.8B and free cash flow of about 15.9B in 2025 demonstrate substantial internal cash generation. FCF also grew meaningfully year over year, improving the company’s ability to fund aircraft and network needs without relying solely on external capital.
Bears Say
Leverage
Debt was roughly equal to equity in 2025, improved from about 1.3x in 2024 but still elevated for a cyclical airline. This leverage can reduce financial flexibility and increase the impact of a downturn if profitability compresses or the cycle turns.
Margin Volatility
Gross margin fell sharply to roughly 18% in 2025 from about 31% in 2024, despite positive earnings. Such volatility shows that profitability remains sensitive to fuel, capacity, and demand conditions, making current margins less dependable across the cycle.
Cash Conversion
Free cash flow covered only about 62% of 2025 net income, indicating that working capital, capital expenditure, or other uses absorbed a meaningful share of accounting profit. Historically cyclical cash flow, including negative operating and free cash flow in 2020, can make funding less reliable.
CTY FAQ
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Cathay Pacific Airways Stock Smart Score
Company Description
Cathay Pacific Airways
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. As of 31st December 2025, it operates 237 aircraft and 103 new passenger and freighter aircraft. Cathay Pacific Airways Limited was founded in 1946 and is headquartered in Lantau Island, Hong Kong.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- Siu Por Lam
- Employees
- 33,369
- Website
- www.cathaypacific.com
- Address
- Hong Kong International Airport, Hong Kong, HK, EC2V 7NQ, HK
Cathay Pacific Airways (CTY) Earnings & Revenues
CTY Company Deck
CTY Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 4 | 3 |
| Technical Analysis | 2 | 4 | 3 |
| Moving Averages | 12 | 0 | 0 |