Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Cathay Pacific Airways Limited (0293.HK)

Company Dividend Discount ModelIndustry: Airlines, Airports & Air ServicesSector: Industrials

Valuation Snapshot

Stable Growth$33.07 - $56.61$43.26
Multi-Stage$52.54 - $57.68$55.06
Blended Fair Value$49.16
Current Price$10.70
Upside359.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS22.09%14.78%0.560.000.000.000.000.210.080.000.170.28
YoY Growth--0.00%0.00%0.00%0.00%-100.00%153.39%0.00%-100.00%-38.47%100.20%
Dividend Yield--5.89%0.00%0.00%0.00%0.00%2.06%0.84%0.00%1.96%2.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19,060.00
(-) Cash Dividends Paid (M)7,900.00
(=) Cash Retained (M)11,160.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,812.002,382.501,429.50
Cash Retained (M)11,160.0011,160.0011,160.00
(-) Cash Required (M)-3,812.00-2,382.50-1,429.50
(=) Excess Retained (M)7,348.008,777.509,730.50
(/) Shares Outstanding (M)7,222.207,222.207,222.20
(=) Excess Retained per Share1.021.221.35
LTM Dividend per Share1.091.091.09
(+) Excess Retained per Share1.021.221.35
(=) Adjusted Dividend2.112.312.44
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate0.68%1.68%2.68%
Fair Value$33.07$43.26$56.61
Upside / Downside209.04%304.26%429.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19,060.0019,380.2519,705.8820,036.9920,373.6520,715.9721,337.45
Payout Ratio41.45%51.16%60.87%70.58%80.29%90.00%92.50%
Projected Dividends (M)7,900.009,914.6411,994.7414,141.9516,357.9318,644.3819,737.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate0.68%1.68%2.68%
Year 1 PV (M)9,165.609,256.649,347.67
Year 2 PV (M)10,250.8410,455.4810,662.14
Year 3 PV (M)11,172.8011,509.0311,851.95
Year 4 PV (M)11,947.1712,428.9512,925.15
Year 5 PV (M)12,588.3513,226.0613,889.36
PV of Terminal Value (M)324,365.12340,796.99357,888.15
Equity Value (M)379,489.88397,673.15416,564.42
Shares Outstanding (M)7,222.207,222.207,222.20
Fair Value$52.54$55.06$57.68
Upside / Downside391.07%414.60%439.05%

High-Yield Dividend Screener

« Prev Page 14 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
FGG.AXFuture Generation Global Limited7.59%$0.1235.11%
WINNER.BKWinner Group Enterprise Public Company Limited7.59%$0.1677.25%
1666.HKTong Ren Tang Technologies Co. Ltd.7.58%$0.3439.83%
ALHOP.PAHopscotch Global PR Group7.58%$1.0034.20%
4305.TWOShih-Kuen Plastics Co., Ltd.7.57%$3.1886.35%
KLEE-B.COBrd. Klee A/S7.57%$284.4657.64%
TACC.BKT.A.C. Consumer Public Company Limited7.56%$0.3986.66%
PCC.BKPrecise Corporation Public Company Limited7.55%$0.2054.85%
2180.HKManpowerGroup Greater China Limited7.54%$0.3930.76%
BASGZ.ISBaskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S.7.54%$3.4364.56%
ISAE4.SAISA Energía Brasil S.A.7.54%$2.0345.68%
TRPL4.SACTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.7.53%$1.8837.46%
QH-R.BKQuality Houses Public Company Limited7.52%$0.1063.63%
0189.HKDongyue Group Limited7.51%$0.8267.14%
3034.KLHap Seng Consolidated Berhad7.50%$0.2189.85%
9985.HKWEILONG Delicious Global Holdings Ltd7.50%$0.8387.47%
CBQK.QAThe Commercial Bank (P.S.Q.C.)7.50%$0.3248.96%
BMGB4.SABanco BMG S.A.7.49%$0.3767.48%
DJW.AXDjerriwarrh Investments Limited7.49%$0.2378.76%
JSMR.JKPT Jasa Marga (Persero) Tbk7.49%$256.8147.02%
TGMA3.SATegma Gestão Logística S.A.7.49%$2.7365.23%
014440.KSYoungbo Chemical Co., Ltd.7.48%$350.9938.29%
CPW.BKCopperwired Public Company Limited7.48%$0.1585.48%
003080.KSSBSUNGBO Co., Ltd.7.47%$205.009.79%
226320.KSIt'S Hanbul Co., Ltd.7.47%$887.8495.70%
AYGAZ.ISAygaz A.S.7.47%$14.7993.51%
3290.TOne REIT, Inc.7.46%$6,781.0766.29%
TOTL.JKPT Total Bangun Persada Tbk7.46%$75.0067.24%
1497.HKXiamen Yan Palace Bird's Nest Indus7.45%$0.4461.94%
ANIM.MIAnima Holding S.p.A.7.45%$0.4555.56%
DCC-R.BKDynasty Ceramic Public Company Limited7.45%$0.0981.26%
0751.HKSkyworth Group Limited7.44%$0.3953.99%
8957.TTokyu REIT, Inc.7.44%$15,400.2079.77%
2504.TWGoldsun Building Materials Co., Ltd.7.43%$2.8186.16%
KEPL3.SAKepler Weber S.A.7.43%$0.7389.80%
POLY.BKPolynet Public Company Limited7.43%$0.5288.16%
XTB.WAXTB S.A.7.43%$5.4679.70%
TIPH.BKDhipaya Group Holdings Public Company Limited7.42%$1.5476.50%
ALFRE.PAFreelance.com S.A.7.40%$0.1623.60%
RING.OLSpareBank 1 Ringerike Hadeland7.40%$30.8074.39%
SEAOIL.BKSea Oil Public Company Limited7.39%$0.2246.45%
IRC.BKInoue Rubber (Thailand) Public Company Limited7.36%$0.8790.55%
ILM-R.BKIndex Living Mall Public Company Limited7.34%$1.0067.79%
SHIPSeanergy Maritime Holdings Corp.7.34%$0.6791.71%
5009.TWOGloria Material Technology Corp.7.33%$2.3477.68%
9922.HKJiumaojiu International Holdings Limited7.33%$0.1455.41%
8977.THankyu Hanshin REIT, Inc.7.32%$12,179.9195.79%
BAREIT.BKBA Airport Leasehold Real Estate Investment Trust7.32%$0.7589.39%
SIDO.JKPT Industri Jamu dan Farmasi Sido Muncul Tbk7.32%$39.5596.37%
0QQK.LMeier Tobler Group AG7.31%$2.8980.26%