Cathay General Bancorp
Find Ratings ReportsCATHAY GENERAL BANCORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 10.61% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 356.36 | 275.88 |
EBITDA ($mil) | 153.45 | 167.91 |
EBIT ($mil) | 151.48 | 164.8 |
Net Income ($mil) | 82.53 | 97.6 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 828.8 | 1162.4 |
Total Assets ($mil) | 23081.53 | 21947.98 |
Total Debt ($mil) | 709.72 | 659.25 |
Equity ($mil) | 2736.58 | 2474.04 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 57.11 | 77.03 |
EBITDA Margin | 43.05 | 60.86 |
Operating Margin | 42.51 | 59.74 |
Sales Turnover | 0.06 | 0.04 |
Return on Assets | 1.53 | 1.64 |
Return on Equity | 12.94 | 14.58 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.21 | 0.21 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 72.67 | 72.74 |
Div / share | 0.34 | 0.34 |
EPS | 1.13 | 1.33 |
Book value / share | 37.66 | 34.01 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 303632.0 | 373367.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.01 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, CATHAY GENERAL BANCORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CATY 7.80 | Peers 17.75 | CATY 7.16 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CATY is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CATY is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CATY 8.66 | Peers 13.86 | CATY NM | Peers 1.78 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CATY is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CATY's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CATY 1.01 | Peers 8.64 | CATY 0.62 | Peers 24.72 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CATY is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CATY is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CATY 2.10 | Peers 4.87 | CATY 44.31 | Peers 44.87 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CATY is trading at a significant discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. CATY is keeping pace with its peers on the basis of sales growth. |
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