Is Cathay General Stock a Good Investment?
Cathay General Investment Advice | CATY |
- Examine Cathay General's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Cathay General's leadership team and their track record. Good management can help Cathay General navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact Cathay General's business and its evolving consumer preferences.
- Compare Cathay General's performance and market position to its competitors. Analyze how Cathay General is positioned in terms of product offerings, innovation, and market share.
- Check if Cathay General pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Cathay General's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Cathay General Bancorp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Cathay General Bancorp is a good investment.
Sell | Buy |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Cathay General Stock
Researching Cathay General's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 76.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.33. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cathay General Bancorp has Price/Earnings To Growth (PEG) ratio of 2.08. The entity last dividend was issued on the 27th of November 2024. The firm had 2:1 split on the 29th of September 2004.
To determine if Cathay General is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Cathay General's research are outlined below:
| Over 76.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Cathay Financial Holdings Advances Climate Finance Leadership at COP29, Championing Public-Private Partnerships and Asias Low-Carbon Transition |
Cathay General Quarterly Good Will |
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Cathay General uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Cathay General Bancorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cathay General's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 18th of April 2024 Upcoming Quarterly Report | View | |
| 22nd of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 22nd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Cathay General's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Cathay General's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
1999-10-14 | 1999-09-30 | 0.2 | 0.22 | 0.02 | 10 | ||
1999-01-19 | 1998-12-31 | 0.17 | 0.19 | 0.02 | 11 | ||
2002-01-16 | 2001-12-31 | 0.28 | 0.32 | 0.04 | 14 | ||
2001-10-15 | 2001-09-30 | 0.28 | 0.32 | 0.04 | 14 | ||
2011-04-20 | 2011-03-31 | 0.18 | 0.23 | 0.05 | 27 | ||
2011-01-24 | 2010-12-31 | 0.13 | 0.18 | 0.05 | 38 | ||
2008-10-23 | 2008-09-30 | 0.19 | 0.14 | -0.05 | 26 | ||
2008-07-24 | 2008-06-30 | 0.44 | 0.39 | -0.05 | 11 |
Know Cathay General's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cathay General is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cathay General Bancorp backward and forwards among themselves. Cathay General's institutional investor refers to the entity that pools money to purchase Cathay General's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2024-09-30 | 935.7 K | Nuveen Asset Management, Llc | 2024-06-30 | 882.4 K | Bank Of New York Mellon Corp | 2024-06-30 | 857.8 K | Lsv Asset Management | 2024-09-30 | 846.4 K | Gw&k Investment Management, Llc | 2024-09-30 | 722.9 K | Norges Bank | 2024-06-30 | 693.8 K | Btim Corp | 2024-09-30 | 690.2 K | Goldman Sachs Group Inc | 2024-06-30 | 556.2 K | Glenmede Trust Co Na | 2024-09-30 | 438.4 K | Blackrock Inc | 2024-06-30 | 10.7 M | Vanguard Group Inc | 2024-09-30 | 8.1 M |
Cathay General's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.76 B.Market Cap |
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Cathay General's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.02 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.03 | |
| Return On Assets | 0.02 | 0.01 | |
| Return On Equity | 0.13 | 0.12 |
Determining Cathay General's profitability involves analyzing its financial statements and using various financial metrics to determine if Cathay General is a good buy. For example, gross profit margin measures Cathay General's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Cathay General's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Cathay General's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cathay General Bancorp. Check Cathay General's Beneish M Score to see the likelihood of Cathay General's management manipulating its earnings.
Evaluate Cathay General's management efficiency
Cathay General Bancorp has return on total asset (ROA) of 0.0125 % which means that it generated a profit of $0.0125 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1054 %, meaning that it created $0.1054 on every $100 dollars invested by stockholders. Cathay General's management efficiency ratios could be used to measure how well Cathay General manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to rise to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop 0.01 in 2024. At this time, Cathay General's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 26.1 B in 2024, despite the fact that Non Currrent Assets Other are likely to grow to (3 B).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 37.71 | 23.06 | |
| Tangible Book Value Per Share | 32.47 | 20.42 | |
| Enterprise Value Over EBITDA | 116.05 | 70.59 | |
| Price Book Value Ratio | 1.18 | 1.73 | |
| Enterprise Value Multiple | 116.05 | 70.59 | |
| Price Fair Value | 1.18 | 1.73 | |
| Enterprise Value | 3.8 B | 4 B |
Understanding the operational decisions made by Cathay General management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Dividend Yield 0.0258 | Forward Dividend Yield 0.0258 | Forward Dividend Rate 1.36 | Beta 1.09 |
Basic technical analysis of Cathay Stock
As of the 26th of November, Cathay General shows the Mean Deviation of 1.52, downside deviation of 1.4, and Risk Adjusted Performance of 0.1272. Cathay General Bancorp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Cathay General's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Cathay General insiders, such as employees or executives, is commonly permitted as long as it does not rely on Cathay General's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Cathay General insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Wu Peter over three weeks ago Disposition of 12711 shares by Wu Peter of Cathay General at 46.92 subject to Rule 16b-3 | ||
Bingham Kim R over two months ago Disposition of 1365 shares by Bingham Kim R of Cathay General at 36.91 subject to Rule 16b-3 | ||
Dunson Cheng over three months ago Disposition of 12401 shares by Dunson Cheng of Cathay General at 44.7868 subject to Rule 16b-3 | ||
Bingham Kim R over three months ago Acquisition by Bingham Kim R of 3824 shares of Cathay General subject to Rule 16b-3 | ||
Wu Peter over three months ago Disposition of 20000 shares by Wu Peter of Cathay General at 45.1862 subject to Rule 16b-3 | ||
Richard Sun over six months ago Discretionary transaction by Richard Sun of tradable shares of Cathay General subject to Rule 16b-3 | ||
Peter Wu over six months ago Cathay General exotic insider transaction detected | ||
Peter Wu over a year ago Sale by Peter Wu of 10000 shares of Cathay General | ||
Peter Wu over a year ago Cathay General exotic insider transaction detected |
Cathay General's Outstanding Corporate Bonds
Cathay General issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Cathay General Bancorp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Cathay bonds can be classified according to their maturity, which is the date when Cathay General Bancorp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| CATERPILLAR FINANCIAL SERVICES Corp BondUS14913Q3B33 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| CATHOLIC HEALTH INITIATIVES Corp BondUS14916RAD61 | View | |
| CATERPILLAR INC 43 Corp BondUS149123CD18 | View | |
| CATERPILLAR INC 3803 Corp BondUS149123CB51 | View | |
| CATERPILLAR INC Corp BondUS149123CH22 | View | |
| US149123CG49 Corp BondUS149123CG49 | View |
Understand Cathay General's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Cathay General's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1272 | |||
| Market Risk Adjusted Performance | 0.1676 | |||
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.4 | |||
| Coefficient Of Variation | 636.83 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Information Ratio | 0.1016 | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1706 | |||
| Treynor Ratio | 0.1576 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.58 | |||
| Downside Variance | 1.97 | |||
| Semi Variance | 1.34 | |||
| Expected Short fall | (1.96) | |||
| Skewness | 2.84 | |||
| Kurtosis | 14.31 |
| Risk Adjusted Performance | 0.1272 | |||
| Market Risk Adjusted Performance | 0.1676 | |||
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.4 | |||
| Coefficient Of Variation | 636.83 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.56 | |||
| Information Ratio | 0.1016 | |||
| Jensen Alpha | 0.0841 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1706 | |||
| Treynor Ratio | 0.1576 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.58 | |||
| Downside Variance | 1.97 | |||
| Semi Variance | 1.34 | |||
| Expected Short fall | (1.96) | |||
| Skewness | 2.84 | |||
| Kurtosis | 14.31 |
Consider Cathay General's intraday indicators
Cathay General intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cathay General stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 14907.87 | |||
| Daily Balance Of Power | 0.5098 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 54.27 | |||
| Day Typical Price | 54.13 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 1.04 |
Cathay General Corporate Filings
10Q | 8th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 1st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 21st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 22nd of May 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Cathay Stock media impact
Far too much social signal, news, headlines, and media speculation about Cathay General that are available to investors today. That information is available publicly through Cathay media outlets and privately through word of mouth or via Cathay internal channels. However, regardless of the origin, that massive amount of Cathay data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Cathay General news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Cathay General relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Cathay General's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Cathay General alpha.
Cathay General Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Cathay General can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Cathay General Corporate Management
| May Chan | General VP | Profile | |
| Thomas Lo | Executive Officer | Profile | |
| Georgia Lo | Assistant Relations | Profile | |
| Weston Barkwill | Chief Auditor | Profile |
Additional 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.