CATHAY GENERAL BANCORP (CATY)
US1491501045 - Common Stock
We assign a fundamental rating of 4 out of 10 to CATY. CATY was compared to 407 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 has a valuation in line with the averages, but it does not seem to be growing.
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.
Each year in the past 5 years CATY has been profitable.
In the past 5 years CATY always reported a positive cash flow from operatings.
1.2 Ratios
CATY has a Return On Assets of 1.24%. This is amongst the best in the industry. CATY outperforms 81.23% of its industry peers.
CATY has a Return On Equity of 10.19%. This is in the better half of the industry: CATY outperforms 73.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.19% | ||
| ROIC | N/A |
ROA(3y)1.54%
ROA(5y)1.47%
ROE(3y)13.24%
ROE(5y)12.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CATY has a better Profit Margin (38.52%) than 95.56% of its industry peers.
CATY's Profit Margin has been stable 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) | 38.52% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.35%
PM growth 5Y-0.76%
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.
Compared to 1 year ago, CATY has an improved debt to assets ratio.
2.2 Solvency
CATY has a debt to FCF ratio of 0.45. This is a very positive value and a sign of high solvency as it would only need 0.45 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.45, CATY belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
A Debt/Equity ratio of 0.05 indicates that CATY is not too dependend on debt financing.
CATY's Debt to Equity ratio of 0.05 is amongst the best of the industry. CATY outperforms 82.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.45 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC17.53%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CATY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.54%.
CATY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.85% yearly.
Looking at the last year, CATY shows a decrease in Revenue. The Revenue has decreased by -8.56% in the last year.
CATY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.23% yearly.
EPS 1Y (TTM)-21.54%
EPS 3Y19.19%
EPS 5Y7.85%
EPS Q2Q%-16.81%
Revenue 1Y (TTM)-8.56%
Revenue growth 3Y10.84%
Revenue growth 5Y6.23%
Sales Q2Q%-2.05%
3.2 Future
Based on estimates for the next years, CATY will show a decrease in Earnings Per Share. The EPS will decrease by -1.38% on average per year.
Based on estimates for the next years, CATY will show a decrease in Revenue. The Revenue will decrease by -0.04% on average per year.
EPS Next Y-17.39%
EPS Next 2Y-5.84%
EPS Next 3Y-1.38%
EPS Next 5YN/A
Revenue Next Year-8.34%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.04%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.96, the valuation of CATY can be described as very reasonable.
Based on the Price/Earnings ratio, CATY is valued a bit cheaper than 63.46% of the companies in the same industry.
When comparing the Price/Earnings ratio of CATY to the average of the S&P500 Index (27.20), we can say CATY is valued rather cheaply.
CATY is valuated reasonably with a Price/Forward Earnings ratio of 11.02.
Based on the Price/Forward Earnings ratio, CATY is valued a bit cheaper than the industry average as 61.23% of the companies are valued more expensively.
CATY is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, CATY is valued a bit cheaper than the industry average as 61.98% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.13 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.52
EPS Next 2Y-5.84%
EPS Next 3Y-1.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.89%, CATY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.21, CATY has a dividend in line with its industry peers.
CATY's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
5.2 History
The dividend of CATY has a limited annual growth rate of 5.64%.
CATY has paid a dividend for at least 10 years, which is a reliable track record.
CATY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.64%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
34.18% of the earnings are spent on dividend by CATY. This is a low number and sustainable payout ratio.
DP34.18%
EPS Next 2Y-5.84%
EPS Next 3Y-1.38%
CATHAY GENERAL BANCORP
NASDAQ:CATY (12/20/2024, 8:00:02 PM)
Premarket: 47.9 +0.41 (+0.86%)47.49
+0.47 (+1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners74.15%
Inst Owner Change0.04%
Ins Owners1.43%
Ins Owner Change-2.84%
Market Cap3.38B
Analysts52
Price Target47.74 (0.53%)
Short Float %3.43%
Short Ratio7.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
Dividend Growth(5Y)5.64%
DP34.18%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.36%
Min EPS beat(2)-3.72%
Max EPS beat(2)-2.99%
EPS beat(4)1
Avg EPS beat(4)-1.13%
Min EPS beat(4)-3.72%
Max EPS beat(4)4.19%
EPS beat(8)4
Avg EPS beat(8)0.74%
EPS beat(12)7
Avg EPS beat(12)1.95%
EPS beat(16)11
Avg EPS beat(16)4.38%
Revenue beat(2)1
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)2.07%
Revenue beat(4)2
Avg Revenue beat(4)-1.74%
Min Revenue beat(4)-8.38%
Max Revenue beat(4)2.07%
Revenue beat(8)3
Avg Revenue beat(8)-1.68%
Revenue beat(12)6
Avg Revenue beat(12)-0.51%
Revenue beat(16)7
Avg Revenue beat(16)-0.62%
PT rev (1m)4.58%
PT rev (3m)8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.8%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.12%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 11.02 | ||
| P/S | 4.52 | ||
| P/FCF | 11.13 | ||
| P/OCF | 10.97 | ||
| P/B | 1.19 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.97
EY8.36%
EPS(NY)4.31
Fwd EY9.07%
FCF(TTM)4.27
FCFY8.98%
OCF(TTM)4.33
OCFY9.11%
SpS10.51
BVpS39.75
TBVpS34.42
PEG (NY)N/A
PEG (5Y)1.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 10.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 38.52% | ||
| GM | N/A | ||
| FCFM | 40.58% |
ROA(3y)1.54%
ROA(5y)1.47%
ROE(3y)13.24%
ROE(5y)12.27%
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 3Y4.35%
PM growth 5Y-0.76%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.45 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 59.91% | ||
| Cap/Sales | 0.6% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 105.35% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC17.53%
ROIC/WACCN/A
Cap/Depr(3y)40.29%
Cap/Depr(5y)60.12%
Cap/Sales(3y)0.47%
Cap/Sales(5y)0.71%
Profit Quality(3y)115.73%
Profit Quality(5y)127.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.54%
EPS 3Y19.19%
EPS 5Y7.85%
EPS Q2Q%-16.81%
EPS Next Y-17.39%
EPS Next 2Y-5.84%
EPS Next 3Y-1.38%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.56%
Revenue growth 3Y10.84%
Revenue growth 5Y6.23%
Sales Q2Q%-2.05%
Revenue Next Year-8.34%
Revenue Next 2Y-2.01%
Revenue Next 3Y-0.04%
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-34.37%
FCF growth 3Y6.67%
FCF growth 5Y2.95%
OCF growth 1Y-33.98%
OCF growth 3Y6.33%
OCF growth 5Y2.72%