CATHAY GENERAL BANCORP (CATY) Stock Fundamental Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
47.49 USD
+0.51 (+1.09%)
47.49 USD
0 (0%)
CATY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 388 industry peers in the Banks industry. CATY has only an average score on both its financial health and profitability. CATY is not valued too expensively and it also shows a decent growth rate. CATY also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CATY was profitable.
In the past year CATY had a positive cash flow from operations.
In the past 5 years CATY has always been profitable.
Each year in the past 5 years CATY had a positive operating cash flow.
1.2 Ratios
CATY has a Return On Assets of 1.24%. This is amongst the best in the industry. CATY outperforms 81.44% of its industry peers.
Looking at the Return On Equity, with a value of 10.21%, CATY is in the better half of the industry, outperforming 66.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.21% | ||
| ROIC | N/A |
ROA(3y)1.47%
ROA(5y)1.41%
ROE(3y)12.52%
ROE(5y)11.85%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 38.75%, CATY belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
In the last couple of years the Profit Margin of CATY has declined.
CATY does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 38.75% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.01%
PM growth 5Y-2.72%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
CATY does not have a ROIC to compare to the WACC, probably because it is not profitable.
CATY has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CATY has been reduced compared to 5 years ago.
The debt/assets ratio for CATY is higher compared to a year ago.
2.2 Solvency
CATY has a debt to FCF ratio of 0.42. This is a very positive value and a sign of high solvency as it would only need 0.42 years to pay back of all of its debts.
CATY has a Debt to FCF ratio of 0.42. This is amongst the best in the industry. CATY outperforms 82.99% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that CATY is not too dependend on debt financing.
CATY has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. CATY outperforms 81.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC23.5%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.07% over the past year.
Measured over the past 5 years, CATY shows a small growth in Earnings Per Share. The EPS has been growing by 2.62% on average per year.
The Revenue has been growing slightly by 4.42% in the past year.
The Revenue has been growing slightly by 3.30% on average over the past years.
EPS 1Y (TTM)9.07%
EPS 3Y1.3%
EPS 5Y2.62%
EPS Q2Q%20.21%
Revenue 1Y (TTM)4.42%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%11.13%
3.2 Future
Based on estimates for the next years, CATY will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.76% on average per year.
Based on estimates for the next years, CATY will show a small growth in Revenue. The Revenue will grow by 7.96% on average per year.
EPS Next Y13.66%
EPS Next 2Y14.76%
EPS Next 3Y12.76%
EPS Next 5YN/A
Revenue Next Year10.08%
Revenue Next 2Y9.22%
Revenue Next 3Y7.96%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CATY is valuated reasonably with a Price/Earnings ratio of 10.97.
61.34% of the companies in the same industry are more expensive than CATY, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.89, CATY is valued rather cheaply.
CATY is valuated reasonably with a Price/Forward Earnings ratio of 9.11.
CATY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CATY is cheaper than 65.46% of the companies in the same industry.
CATY is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.97 | ||
| Fwd PE | 9.11 |
4.2 Price Multiples
CATY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CATY is cheaper than 66.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.1 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
CATY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CATY's earnings are expected to grow with 12.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.8
PEG (5Y)4.19
EPS Next 2Y14.76%
EPS Next 3Y12.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.92%, CATY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.38, CATY has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, CATY pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
5.2 History
The dividend of CATY has a limited annual growth rate of 2.09%.
CATY has been paying a dividend for at least 10 years, so it has a reliable track record.
CATY has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.09%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
CATY pays out 32.64% of its income as dividend. This is a sustainable payout ratio.
The dividend of CATY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.64%
EPS Next 2Y14.76%
EPS Next 3Y12.76%
47.49
+0.51 (+1.09%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change-0.77%
Ins Owners1.49%
Ins Owner Change0.73%
Market Cap3.28B
Revenue(TTM)781.55M
Net Income(TTM)294.67M
Analysts52
Price Target52.22 (9.96%)
Short Float %2.53%
Short Ratio4.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
Yearly Dividend1.37
Dividend Growth(5Y)2.09%
DP32.64%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.41%
Min EPS beat(2)-1.69%
Max EPS beat(2)0.87%
EPS beat(4)1
Avg EPS beat(4)-1%
Min EPS beat(4)-2.99%
Max EPS beat(4)0.87%
EPS beat(8)3
Avg EPS beat(8)-0.55%
EPS beat(12)6
Avg EPS beat(12)0.63%
EPS beat(16)9
Avg EPS beat(16)1.44%
Revenue beat(2)0
Avg Revenue beat(2)-1.52%
Min Revenue beat(2)-1.96%
Max Revenue beat(2)-1.08%
Revenue beat(4)1
Avg Revenue beat(4)-0.53%
Min Revenue beat(4)-1.96%
Max Revenue beat(4)2.07%
Revenue beat(8)2
Avg Revenue beat(8)-1.85%
Revenue beat(12)3
Avg Revenue beat(12)-1.54%
Revenue beat(16)6
Avg Revenue beat(16)-0.75%
PT rev (1m)1.19%
PT rev (3m)-0.78%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)0.26%
EPS NY rev (1m)-0.34%
EPS NY rev (3m)0.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.01%
Revenue NY rev (1m)1.22%
Revenue NY rev (3m)1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.97 | ||
| Fwd PE | 9.11 | ||
| P/S | 4.31 | ||
| P/FCF | 10.1 | ||
| P/OCF | 9.91 | ||
| P/B | 1.14 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.33
EY9.12%
EPS(NY)5.22
Fwd EY10.98%
FCF(TTM)4.7
FCFY9.9%
OCF(TTM)4.79
OCFY10.09%
SpS11.01
BVpS41.78
TBVpS36.3
PEG (NY)0.8
PEG (5Y)4.19
Graham Number63.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.21% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 38.75% | ||
| GM | N/A | ||
| FCFM | 42.72% |
ROA(3y)1.47%
ROA(5y)1.41%
ROE(3y)12.52%
ROE(5y)11.85%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.01%
PM growth 5Y-2.72%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.42 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 294.26% | ||
| Cap/Sales | 0.81% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 110.24% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC23.5%
ROIC/WACCN/A
Cap/Depr(3y)41.75%
Cap/Depr(5y)49.36%
Cap/Sales(3y)0.45%
Cap/Sales(5y)0.58%
Profit Quality(3y)116.73%
Profit Quality(5y)119.66%
High Growth Momentum
Growth
EPS 1Y (TTM)9.07%
EPS 3Y1.3%
EPS 5Y2.62%
EPS Q2Q%20.21%
EPS Next Y13.66%
EPS Next 2Y14.76%
EPS Next 3Y12.76%
EPS Next 5YN/A
Revenue 1Y (TTM)4.42%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%11.13%
Revenue Next Year10.08%
Revenue Next 2Y9.22%
Revenue Next 3Y7.96%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-34.98%
FCF growth 3Y-0.51%
FCF growth 5Y-5.32%
OCF growth 1Y-34.04%
OCF growth 3Y-0.52%
OCF growth 5Y-5.42%
CATHAY GENERAL BANCORP / CATY FAQ
What is the fundamental rating for CATY stock?
ChartMill assigns a fundamental rating of 5 / 10 to CATY.
Can you provide the valuation status for CATHAY GENERAL BANCORP?
ChartMill assigns a valuation rating of 6 / 10 to CATHAY GENERAL BANCORP (CATY). This can be considered as Fairly Valued.
Can you provide the profitability details for CATHAY GENERAL BANCORP?
CATHAY GENERAL BANCORP (CATY) has a profitability rating of 4 / 10.
How financially healthy is CATHAY GENERAL BANCORP?
The financial health rating of CATHAY GENERAL BANCORP (CATY) is 4 / 10.
How sustainable is the dividend of CATHAY GENERAL BANCORP (CATY) stock?
The dividend rating of CATHAY GENERAL BANCORP (CATY) is 7 / 10 and the dividend payout ratio is 32.64%.