CATHAY GENERAL BANCORP (CATY) Stock Fundamental Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
47.92 USD
-0.8 (-1.64%)
47.92 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CATY. CATY was compared to 392 industry peers in the Banks industry. Both the profitability and the financial health of CATY get a neutral evaluation. Nothing too spectacular is happening here. CATY is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CATY had positive earnings in the past year.
CATY had a positive operating cash flow in the past year.
CATY had positive earnings in each of the past 5 years.
CATY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CATY has a Return On Assets of 1.24%. This is amongst the best in the industry. CATY outperforms 81.38% of its industry peers.
CATY's Return On Equity of 10.21% is fine compared to the rest of the industry. CATY outperforms 68.11% of its industry peers.
| 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 94.90% of the companies in the same industry.
CATY's Profit Margin has declined in the last couple of years.
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.
Compared to 1 year ago, CATY has less shares outstanding
CATY has less shares outstanding than it did 5 years ago.
CATY has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of CATY is 0.42, which is an excellent value as it means it would take CATY, only 0.42 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CATY (0.42) is better than 83.42% of its industry peers.
CATY has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
CATY has a better Debt to Equity ratio (0.05) than 81.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC23.33%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for CATY have decreased by -0.48% in the last 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.
CATY shows a small growth in Revenue. In the last year, the Revenue has grown by 1.08%.
The Revenue has been growing slightly by 3.30% on average over the past years.
EPS 1Y (TTM)-0.48%
EPS 3Y1.3%
EPS 5Y2.62%
EPS Q2Q%19.57%
Revenue 1Y (TTM)1.08%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%10.13%
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 12.31% on average per year.
The Revenue is expected to grow by 7.18% on average over the next years.
EPS Next Y14.04%
EPS Next 2Y13.17%
EPS Next 3Y12.31%
EPS Next 5YN/A
Revenue Next Year8.75%
Revenue Next 2Y7.76%
Revenue Next 3Y7.18%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.57 indicates a reasonable valuation of CATY.
Based on the Price/Earnings ratio, CATY is valued a bit cheaper than 60.71% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. CATY is valued rather cheaply when compared to this.
CATY is valuated reasonably with a Price/Forward Earnings ratio of 9.45.
CATY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CATY is cheaper than 61.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.71. CATY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.57 | ||
| Fwd PE | 9.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CATY indicates a somewhat cheap valuation: CATY is cheaper than 65.05% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.19 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CATY's earnings are expected to grow with 12.31% in the coming years.
PEG (NY)0.82
PEG (5Y)4.42
EPS Next 2Y13.17%
EPS Next 3Y12.31%
5. Dividend
5.1 Amount
CATY has a Yearly Dividend Yield of 2.76%.
CATY's Dividend Yield is comparable with the industry average which is at 3.73.
Compared to an average S&P500 Dividend Yield of 2.38, CATY has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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 their dividend for at least 10 years, which is a reliable track record.
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 2Y13.17%
EPS Next 3Y12.31%
47.92
-0.8 (-1.64%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.47%
Inst Owner Change-0.54%
Ins Owners1.47%
Ins Owner Change7.85%
Market Cap3.31B
Analysts78.18
Price Target52.63 (9.83%)
Short Float %2.68%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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)0%
PT rev (3m)9.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.16%
EPS NY rev (1m)0.53%
EPS NY rev (3m)0.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.57 | ||
| Fwd PE | 9.45 | ||
| P/S | 4.35 | ||
| P/FCF | 10.19 | ||
| P/OCF | 10 | ||
| P/B | 1.15 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.14
EY8.64%
EPS(NY)5.07
Fwd EY10.58%
FCF(TTM)4.7
FCFY9.81%
OCF(TTM)4.79
OCFY10%
SpS11.01
BVpS41.78
TBVpS36.3
PEG (NY)0.82
PEG (5Y)4.42
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
ROICexcg growth 3YN/A
ROICexcg 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 | 37.43% | ||
| 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
WACC23.33%
ROIC/WACCN/A
Cap/Depr(3y)24.8%
Cap/Depr(5y)39.19%
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)-0.48%
EPS 3Y1.3%
EPS 5Y2.62%
EPS Q2Q%19.57%
EPS Next Y14.04%
EPS Next 2Y13.17%
EPS Next 3Y12.31%
EPS Next 5YN/A
Revenue 1Y (TTM)1.08%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%10.13%
Revenue Next Year8.75%
Revenue Next 2Y7.76%
Revenue Next 3Y7.18%
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%