CATHAY GENERAL BANCORP (CATY) Stock Fundamental Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
46.94 USD
+0.8 (+1.73%)
46.94 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. CATY has an average financial health and profitability rating. CATY has a correct valuation and a medium 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.
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 81.33% of its industry peers.
The Return On Equity of CATY (10.21%) is better than 68.03% 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
CATY's Profit Margin of 38.75% is amongst the best of the industry. CATY outperforms 94.63% 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.
Compared to 1 year ago, CATY has less shares outstanding
Compared to 5 years ago, CATY has less shares outstanding
Compared to 1 year ago, CATY has a worse debt to assets ratio.
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 better Debt to FCF ratio (0.42) than 82.86% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that CATY is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.05, CATY belongs to the best of the industry, outperforming 81.33% 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
WACC23.58%
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.
CATY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.62% yearly.
The Revenue has decreased by -9.92% 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)-9.92%
Revenue growth 3Y3.8%
Revenue growth 5Y3.3%
Sales Q2Q%11.13%
3.2 Future
The Earnings Per Share is expected to grow by 13.65% on average over the next years. This is quite good.
Based on estimates for the next years, CATY will show a small growth in Revenue. The Revenue will grow by 7.18% on average per year.
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.
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
The Price/Earnings ratio is 10.84, which indicates a very decent valuation of CATY.
Based on the Price/Earnings ratio, CATY is valued a bit cheaper than 63.68% of the companies in the same industry.
CATY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.89.
CATY is valuated reasonably with a Price/Forward Earnings ratio of 9.23.
Based on the Price/Forward Earnings ratio, CATY is valued a bit cheaper than the industry average as 63.17% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.99. CATY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.84 | ||
| Fwd PE | 9.23 |
4.2 Price Multiples
68.03% 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 | 9.98 | ||
| 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.
CATY's earnings are expected to grow with 13.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.74
PEG (5Y)4.14
EPS Next 2Y13.29%
EPS Next 3Y13.65%
5. Dividend
5.1 Amount
CATY has a Yearly Dividend Yield of 2.95%.
Compared to an average industry Dividend Yield of 3.53, 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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
The dividend of CATY has a limited annual growth rate of 2.09%.
CATY has paid a dividend for at least 10 years, which is 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.
CATY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP32.64%
EPS Next 2Y13.29%
EPS Next 3Y13.65%
46.94
+0.8 (+1.73%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners76.77%
Inst Owner Change-0.05%
Ins Owners1.49%
Ins Owner Change1.29%
Market Cap3.24B
Revenue(TTM)729.72M
Net Income(TTM)294.67M
Analysts78.18
Price Target51.61 (9.95%)
Short Float %2.42%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
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)-1.94%
PT rev (3m)4.98%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)-0.36%
EPS NY rev (1m)0.49%
EPS NY rev (3m)1.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.84 | ||
| Fwd PE | 9.23 | ||
| P/S | 4.26 | ||
| P/FCF | 9.98 | ||
| P/OCF | 9.8 | ||
| P/B | 1.12 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.33
EY9.22%
EPS(NY)5.08
Fwd EY10.83%
FCF(TTM)4.7
FCFY10.02%
OCF(TTM)4.79
OCFY10.21%
SpS11.01
BVpS41.78
TBVpS36.3
PEG (NY)0.74
PEG (5Y)4.14
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
WACC23.58%
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%.