0603.Hk
Cathay Pacific Airways Limited provides air transportation services, primarily operating scheduled and charter flights to and from Hong Kong to various international destinations.
Business. Cathay Pacific Airways Limited provides air transportation services, primarily operating scheduled and charter flights to and from Hong Kong to various international destinations.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Cathay Pacific Airways Limited provides air transportation services, primarily operating scheduled and charter flights to and from Hong Kong to various international destinations.
Cathay Pacific Airways Limited has a liquidity position that is characterized by a current ratio of 0.86, indicating that the company's current liabilities exceed its current assets. The company's cash and equivalents amount to 2,137,051,000 HKD, which is significantly less than its long-term debt of 9,373,604,000 HKD, resulting in a negative net cash position. This suggests a medium liquidity risk for the company.
In terms of profitability, Cathay Pacific Airways Limited has a return on equity (ROE) of 2.01% and a return on assets (ROA) of 0.37%, which are below the industry median for the Natural Gas Utilities sector. The company's net income of 807,190,000 HKD is relatively low compared to its revenue of 15,158,592,000 HKD, indicating a net profit margin of approximately 5.32%. This suggests that the company is not generating strong returns relative to its equity and assets.
The company's revenue is primarily concentrated in its core air transportation services, with no significant diversification into other segments. Geographically, Cathay Pacific Airways Limited operates primarily from Hong Kong, with flights to various international destinations. However, the company's revenue concentration in a single geographic region may expose it to regional economic and political risks.
Cathay Pacific Airways Limited's growth trajectory is modest, with a price-to-earnings (P/E) ratio of 10.75 and a price-to-book (P/B) ratio of 0.22. The company's market capitalization of 868,067,790.44 HKD is relatively small compared to its total assets of 22,072,818,000 HKD. The company's free cash flow of 593,789,000 HKD is positive, but it is significantly lower than its capital expenditures of 698,252,000 HKD, indicating that the company is reinvesting a portion of its cash flow into its operations.
The company faces a medium liquidity risk and a low dilution risk. The key risk flag is the negative net cash position after subtracting total debt, which could impact the company's ability to meet its short-term obligations. The company's debt-to-equity ratio of 2.33 indicates a high level of leverage, which could increase financial risk in the event of a downturn.
Recent events include the company's last actual EPS of 0.05 HKD, as reported by analysts. There are no recent filings or transcripts that indicate significant changes in the company's operations or financial position.
- Cathay Pacific Airways Limited has a negative net cash position, indicating a medium liquidity risk.
- The company's return on equity and return on assets are below the industry median, suggesting weak profitability.
- The company's revenue is concentrated in a single geographic region, exposing it to regional risks.
- The company's market capitalization is relatively small compared to its total assets, indicating a low price-to-book ratio.
- The company's debt-to-equity ratio is high, indicating a significant level of leverage.
Bull / Bear case
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consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- Net cash is negative after subtracting total debt.
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- 0603.HK Market data — financials · 2026-05-26
- China Oil and Gas Group Ltd Market data — analyst estimates · 2026-05-26
Ownership & reference
Leadership
- Lawrence A. BowmanPresident & CEO