Cathay General Bancorp Stock Current Valuation
| CATY Stock | USD 34.44 0.32 0.92% |
Valuation analysis of Cathay General Bancorp helps investors to measure Cathay General's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value Over EBITDA is likely to rise to 3,022 in 2024. Enterprise Value Multiple is likely to rise to 3,022 in 2024. Fundamental drivers impacting Cathay General's valuation include:
Price Book 0.9355 | Enterprise Value 2.8 B | Price Sales 3.267 | Trailing PE 7.6903 |
Fairly Valued
Today
Please note that Cathay General's price fluctuation is very steady at this time. Calculation of the real value of Cathay General Bancorp is based on 3 months time horizon. Increasing Cathay General's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Cathay General Bancorp is useful when determining the fair value of the Cathay stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Cathay General. Since Cathay General is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Cathay Stock. However, Cathay General's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 34.44 | Real 33.8 | Target 37.33 | Hype 34.57 | Naive 34.49 |
The real value of Cathay Stock, also known as its intrinsic value, is the underlying worth of Cathay General Bancorp Company, which is reflected in its stock price. It is based on Cathay General's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Cathay General's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Cathay General's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Cathay General Bancorp helps investors to forecast how Cathay stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Cathay General more accurately as focusing exclusively on Cathay General's fundamentals will not take into account other important factors: Cathay General Bancorp Company Current Valuation Analysis
Cathay General's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Cathay General Current Valuation | 2.8 B |
Most of Cathay General's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cathay General Bancorp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cathay Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Cathay General is extremely important. It helps to project a fair market value of Cathay Stock properly, considering its historical fundamentals such as Current Valuation. Since Cathay General's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cathay General's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cathay General's interrelated accounts and indicators.
Click cells to compare fundamentals
Cathay Current Valuation Historical Pattern
Today, most investors in Cathay General Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cathay General's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cathay General current valuation as a starting point in their analysis.
Cathay General Current Valuation |
| Timeline |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Cathay General Bancorp has a Current Valuation of 2.8 B. This is 91.48% lower than that of the Banks sector and significantly higher than that of the Financials industry. The current valuation for all United States stocks is 83.17% higher than that of the company.
Cathay Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cathay General's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cathay General could also be used in its relative valuation, which is a method of valuing Cathay General by comparing valuation metrics of similar companies.Cathay General is currently under evaluation in current valuation category among related companies.
Cathay General Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cathay General from analyzing Cathay General's financial statements. These drivers represent accounts that assess Cathay General's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cathay General's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.0B | 2.6B | 3.4B | 3.0B | 3.2B | 3.4B | |
| Enterprise Value | 3.7B | 2.7B | 3.4B | 3.5B | 3.8B | 4.0B |
Cathay Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0145 | ||||
| Profit Margin | 0.43 % | ||||
| Operating Margin | 0.58 % | ||||
| Current Valuation | 2.8 B | ||||
| Shares Outstanding | 72.69 M | ||||
| Shares Owned By Insiders | 5.71 % | ||||
| Shares Owned By Institutions | 74.73 % | ||||
| Number Of Shares Shorted | 2.03 M | ||||
| Price To Earning | 14.38 X | ||||
| Price To Book | 0.94 X | ||||
| Price To Sales | 3.27 X | ||||
| Revenue | 1.3 B | ||||
| Gross Profit | 775.97 M | ||||
| EBITDA | 1.31 M | ||||
| Net Income | 354.12 M | ||||
| Cash And Equivalents | 200.05 M | ||||
| Cash Per Share | 2.72 X | ||||
| Total Debt | 709.72 M | ||||
| Debt To Equity | 0.08 % | ||||
| Book Value Per Share | 38.22 X | ||||
| Cash Flow From Operations | 384.74 M | ||||
| Short Ratio | 4.00 X | ||||
| Earnings Per Share | 4.52 X | ||||
| Price To Earnings To Growth | 2.08 X | ||||
| Target Price | 39.5 | ||||
| Number Of Employees | 1.25 K | ||||
| Beta | 1.11 | ||||
| Market Capitalization | 2.53 B | ||||
| Total Asset | 23.1 B | ||||
| Retained Earnings | 2.5 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.25 % | ||||
| Net Asset | 23.1 B | ||||
| Last Dividend Paid | 1.36 |
About Cathay General Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cathay General Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cathay General using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cathay General Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Cathay General
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cathay General position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cathay General will appreciate offsetting losses from the drop in the long position's value.Moving together with Cathay Stock
| 0.61 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
Moving against Cathay Stock
| 0.83 | TECTP | Tectonic Financial | PairCorr |
| 0.79 | DB | Deutsche Bank AG | PairCorr |
| 0.65 | CFG-PD | Citizens Financial | PairCorr |
| 0.49 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cathay General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay General when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cathay General - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cathay General Bancorp to buy it.
The correlation of Cathay General is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cathay General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay General Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cathay General can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cathay General Piotroski F Score and Cathay General Altman Z Score analysis. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Cathay Stock analysis
When running Cathay General's price analysis, check to measure Cathay General's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay General is operating at the current time. Most of Cathay General's value examination focuses on studying past and present price action to predict the probability of Cathay General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay General's price. Additionally, you may evaluate how the addition of Cathay General to your portfolios can decrease your overall portfolio volatility.
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Is Cathay General's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cathay General. If investors know Cathay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cathay General listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.36 | Earnings Share 4.52 | Revenue Per Share 10.45 | Quarterly Revenue Growth (0.13) |
The market value of Cathay General Bancorp is measured differently than its book value, which is the value of Cathay that is recorded on the company's balance sheet. Investors also form their own opinion of Cathay General's value that differs from its market value or its book value, called intrinsic value, which is Cathay General's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cathay General's market value can be influenced by many factors that don't directly affect Cathay General's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cathay General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay General's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.