Cathay Pacific In Growth Mode, Stock Is Extremely Undervalued
Source: SeekingAlpha
2025-02-02 10:59:44 ET
Summary
- Cathay Pacific stock has gained roughly 35% in a year, outperforming the S&P 500, driven by capacity recovery and strategic financial moves.
- The airline's capacity recovery should be complete by January 2025, with significant growth in both passenger and cargo sectors.
- Cathay Pacific is considering new airplane orders, potentially leveraging discounts on Boeing 777-9 or Airbus A350-1000 for fleet renewal.
- Despite industry cost challenges, Cathay Pacific's EV/EBITDA multiple suggests significant upside, with a base case price target of $2.58.
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Cathay Pacific In Growth Mode, Stock Is Extremely Undervalued
Cathay Pacific Airways Ltd. ADR
NASDAQ: CPCAY
CPCAY Trading
-3.13% G/L:
$8.04 Last:
4,492 Volume:
$7.99 Open:
