Analysis Cathay Pacific Airways, Ltd. (CPCAF)
5/30/2024
Analysis of Cathay Pacific Airways, Ltd. (CPCAF)
Cathay Pacific Airways, Ltd. (CPCAF) has been showing a consistent price of around 1.01 to 1.04 over the past few days. The Relative Strength Index (RSI) indicator is around 33.49, indicating a neutral position. The Moving Average Convergence Divergence (MACD) indicator is slightly negative, with the MACD line below the signal line.Overall, the stock seems to be trading in a tight range with no significant price movements. Traders and investors may want to wait for a clearer trend or breakout before making any trading decisions.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous results were reported on February 27, 2025, by the Transfer Agent. Before that, on January 31, 2025, the results were released after hours. The results from October 31, 2024, were not provided at the time. On August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The company's financials show a strong cash flow, with operating cash flow at $110.56 billion and levered free cash flow at $84.73 billion. The balance sheet indicates a total cash of $67.15 billion and total debt of $104.59 billion, resulting in a current ratio of 1.037. The company's book value per share is $4.837, while the total cash per share is $4.379. The total debt to equity ratio is high at 140.968.In terms of profitability, the company has a profit margin of 26.31% and an operating margin of 30.74%. The return on assets is 22.07% and the return on equity is 147.25%. The most recent quarter ended on March 31, 2024, with a revenue of $381.62 billion and a net income of $100.39 billion. The company's EBITDA is $131.39 billion and the diluted EPS is $6.43.
Looking at stock statistics, the company has a short ratio of 1.53 and a short percent of shares outstanding at 0.65%. The float shares are 15.31 billion and shares outstanding are 15.33 billion. The majority of shares are held by institutions (57.59%) rather than insiders (5.22%).
In terms of valuations metrics, the company has a PEG ratio of 26.32, a forward P/E of 26.32, and a trailing P/E of 29.59. The market capitalization is $2.92 trillion and the enterprise value is $2.95 trillion. The price to book ratio is 39.34, price to sales ratio is 7.65, enterprise to EBITDA ratio is 22.76, and enterprise to revenue ratio is 7.73.
The stock price summary shows a beta of 1.26, with a 50-day moving average of $176.26 and a 200-day moving average of $181.04. The 52-week low was $164.08, the high was $199.62, resulting in a 52-week change of 6.85%.
Lastly, in terms of dividends and splits, the company has a payout ratio of 14.93% and a forward annual dividend rate of 1. The dividend yield is 0.53% and the trailing annual dividend yield is 0.51%. The dividend date is May 16, 2024, with an ex-dividend date of May 10, 2024. The last split date was August 31, 2020, with a 4-for-1 split.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $83,776,900,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 24.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $92,375,300,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 24.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $386,681,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 37.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $411,555,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 37.
These estimates indicate a positive sales growth trend for both the upcoming quarters and the next fiscal year, with the highest growth expected in the next fiscal year ending in September 2025.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average growth rate for the past 5 years is 20.1% per annum.
6. Next 5 Years (per annum): The estimated growth rate for the next 5 years is 11% per annum.
These estimates suggest that the company has experienced significant growth in the past but analysts expect the growth rate to moderate in the coming years, although it is still projected to be positive.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $250
- Median: $200
- Average: $202.26
- Current price: $191.57
- Currency: USD
Based on these forecasts, it can be observed that the analysts have a range of opinions regarding the future price of the security, with the majority clustering around the median and average values. The current price is below both the median and average forecast, indicating a potential upside according to the analysts' predictions.
Income statement 💸
These are the revenue figures. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite the increase in sales, the cost of goods sold has also been rising, indicating a need for cost management or price adjustments.
3. The gross profit margin has remained relatively stable over the years, indicating efficient cost control measures.
4. Operating income has shown an increasing trend, reaching $114.3 billion in 2023 from $66.3 billion in 2020.
5. Earnings before interest and taxes (EBIT) have also been increasing, showing a positive trend in the company's operational efficiency.
6. Net income has shown a consistent increase over the years, reaching $97 billion in 2023 from $57.4 billion in 2020.
7. Earnings per share (EPS) have also been on the rise, indicating growth in profitability on a per-share basis.
8. The company has been able to manage its income tax expenses effectively, with a relatively stable tax rate over the years.
9. Overall, the financial performance of the company in terms of revenue and profitability has been positive and improving over the years.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching $365,725,000,000 in 2018.
2. Current assets include cash, inventory, and receivables, with cash and cash equivalents showing fluctuations.
3. Non-current assets consist mainly of investments and advances, with a significant portion in machinery, furniture, and equipment.
4. Total liabilities have also been increasing, with a slight decrease in 2019 compared to 2018.
5. Shareholders' equity has shown variations, with retained earnings being a significant component.
6. The company has been investing in leases, land, and improvements, indicating a focus on long-term growth.
7. The company has been managing its short-term and long-term debts while maintaining a positive shareholders' equity.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. Financing activities show significant fluctuations, with large amounts being spent on common stock repurchase and debt issuance/payment.
4. Investing activities also vary, with notable amounts being spent on the sale and purchase of investments.
5. The end cash position has been fluctuating, but overall, the company has maintained a healthy cash balance.
6. Interest paid has also varied over the years, potentially indicating changes in the company's debt structure.
7. Income tax paid has fluctuated, possibly due to changes in profitability and tax regulations.
8. Stock-based compensation has been a significant expense for the company, impacting its cash flow.
9. The company has engaged in acquisitions and divestitures, affecting its investing cash flow.
10. Overall, the company's cash flow statement reflects a mix of operational, financing, and investing activities that have influenced its financial position over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share:1. For the current quarter ending on June 30, 2024, the average estimated EPS is $1.33, which is higher than the EPS of $1.26 from the same quarter a year ago. The range of estimates is between $1.27 and $1.36, as provided by 26 analysts.
2. For the next quarter ending on September 30, 2024, the average estimated EPS is $1.53, compared to $1.46 from the previous year. The estimates range from $1.44 to $1.63, based on 25 analysts' forecasts.
3. Looking at the current fiscal year ending on September 30, 2024, the average estimated EPS is $6.59, an increase from the previous year's EPS of $6.13. The analysts' estimates range from $6.43 to $6.92, with insights from 39 analysts.
4. For the next fiscal year ending on September 30, 2025, the average estimated EPS is $7.23, with a range of estimates between $6.40 and $7.90. This forecast is based on the input of 39 analysts.
Overall, the trend indicates a growth in earnings per share both quarterly and annually, reflecting positive expectations from analysts regarding the company's performance in the upcoming periods.
MACD of CPCAF
This is not investment advice. Remember to verify the information provided here.
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