CATHAY GENERAL BANCORP (CATY) Stock Fundamental Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
45.83 USD
+0.24 (+0.53%)
45.83 USD
0 (0%)
Overall CATY gets a fundamental rating of 5 out of 10. We evaluated CATY against 390 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. Finally CATY also has an excellent dividend rating.
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.
In the past 5 years CATY always reported a positive cash flow from operatings.
1.2 Ratios
CATY has a better Return On Assets (1.24%) than 81.54% of its industry peers.
With a decent Return On Equity value of 10.21%, CATY is doing good in the industry, outperforming 66.92% 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
CATY has a better Profit Margin (38.75%) than 94.62% of its industry peers.
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.
CATY has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CATY has less shares outstanding
The debt/assets ratio for CATY is higher compared to a year ago.
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.
CATY has a Debt to FCF ratio of 0.42. This is amongst the best in the industry. CATY outperforms 82.82% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that CATY is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.05, CATY belongs to the top of the industry, outperforming 81.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC23.99%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
CATY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.07%, which is quite good.
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 decreased by -9.92% in the past year.
Measured over the past years, CATY shows a small growth in Revenue. The Revenue has been growing by 3.30% on average per year.
EPS 1Y (TTM)9.07%
EPS 3Y1.3%
EPS 5Y2.62%
EPS Q2Q%20.21%
Revenue 1Y (TTM)-9.92%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%11.13%
3.2 Future
CATY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.65% yearly.
The Revenue is expected to grow by 7.18% on average over the next years.
EPS Next Y14.61%
EPS Next 2Y13.29%
EPS Next 3Y13.65%
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 10.58 indicates a reasonable valuation of CATY.
65.38% of the companies in the same industry are more expensive than CATY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.03. CATY is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 9.02, the valuation of CATY can be described as very reasonable.
CATY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CATY is cheaper than 65.64% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, CATY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 9.02 |
4.2 Price Multiples
67.95% of the companies in the same industry are more expensive than CATY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.75 | ||
| 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 13.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)4.04
EPS Next 2Y13.29%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
CATY has a Yearly Dividend Yield of 2.99%.
CATY's Dividend Yield is comparable with the industry average which is at 3.42.
Compared to an average S&P500 Dividend Yield of 2.38, CATY pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.99% |
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
32.64% of the earnings are spent on dividend by CATY. This is a low number and sustainable payout ratio.
The dividend of CATY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP32.64%
EPS Next 2Y13.29%
EPS Next 3Y13.65%
45.83
+0.24 (+0.53%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change-0.44%
Ins Owners1.49%
Ins Owner Change0.73%
Market Cap3.17B
Revenue(TTM)729.72M
Net Income(TTM)294.67M
Analysts78.18
Price Target52.22 (13.94%)
Short Float %2.53%
Short Ratio4.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.99% |
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)-0.78%
PT rev (3m)6.22%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)0.26%
EPS NY rev (1m)0.49%
EPS NY rev (3m)1.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.58 | ||
| Fwd PE | 9.02 | ||
| P/S | 4.16 | ||
| P/FCF | 9.75 | ||
| P/OCF | 9.57 | ||
| P/B | 1.1 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.33
EY9.45%
EPS(NY)5.08
Fwd EY11.09%
FCF(TTM)4.7
FCFY10.26%
OCF(TTM)4.79
OCFY10.45%
SpS11.01
BVpS41.78
TBVpS36.3
PEG (NY)0.72
PEG (5Y)4.04
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
WACC23.99%
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 Y14.61%
EPS Next 2Y13.29%
EPS Next 3Y13.65%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.92%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%11.13%
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%
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%.