Cathay Pacific Airways Limited (CPCAF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Cathay Pacific Airways Limited $3.95, price $1.86, upside +112.4%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Cathay Pacific Airways Limited
CPCAF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.5714 – $1.95 · fair‑value band $2.89 – $5.59 · the $1.86 price screens below the $3.95 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Company profile
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.
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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.
Stock analysis
Cathay Pacific Airways Limited (CPCAF) currently trades at $1.86, while our model-based Fair Value estimate is $3.95, implying the stock looks roughly 52.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $5.31 per share, and 20 of the 26 models we run sit above the $1.86 price.
Bear case: the Asset-Based group reads lowest at $0.8400, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $2.89 (bear) to $5.59 (bull), the price of $1.86 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cathay Pacific Airways Limited reported revenue of HK$117B in FY2025 versus HK$45.6B in FY2021, a compound +26.5%/yr. Reported net income was HK$10.8B in FY2025.
Key figures
Market cap $12.5B · P/E ratio 8.9 · P/S ratio 0.82 · EPS (TTM) $0.2100 · Net margin 9.3% · Return on equity 19.2% · Return on assets (EBIT) 5.1% · Operating margin 13.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 30% fair-value upside, at 112%, CPCAF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 73
Revenue & earnings trend
Growth Forecast
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Earlier news
- Cathay Pacific's profit soars 71% despite Iran war driving up fuel costs
- Cathay Pacific Sees Up to HK$6.5B Profit as Shares Jump 3%
- Cathay Pacific halts restart of Mideast cargo flights as war reignites
- China's Big Three Airlines Trail Cathay by Nearly 50 Percentage Points
Compare Cathay Pacific Airways Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airlines · 52 stocks
Valuation Multiplesvs Airlines median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Air Lines, Inc DAL | $84.13 | $121.83 | +45% |
| United Airlines Holdings UAL | $111.51 | $149.61 | +34% |
| Ryanair Holdings RYA | €23.79 | €48.63 | +104% |
| Southwest Airlines Co LUV | $42.28 | $14.74 | −65% |
| InterGlobe Aviation Limited INDIGO | ₹4,940 | ₹3,073 | −38% |
| Singapore Airlines Limited C6L | 6.65 SGD | 7.88 SGD | +18% |
| LATAM Airlines Group LTM | $52.45 | $106.79 | +104% |
| China Southern Airlines Company 600029 | ¥4.86 | ¥2.78 | −43% |
| Deutsche Lufthansa AG LHA | €7.60 | €9.90 | +30% |
| Qantas Airways Limited QAN | A$8.93 | A$9.69 | +9% |
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Key figures of Cathay Pacific Airways Limited
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