Cathay General Bancorp Stock Filter Stocks by Fundamentals
| CATY Stock | USD 35.07 0.17 0.48% |
Cathay General Bancorp fundamentals help investors to digest information that contributes to Cathay General's financial success or failures. It also enables traders to predict the movement of Cathay Stock. The fundamental analysis module provides a way to measure Cathay General's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cathay General stock.
Cathay | Price to Earning |
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 | 0.14 | ||||
| Return On Asset | 0.0157 | ||||
| Profit Margin | 0.45 % | ||||
| Operating Margin | 0.66 % | ||||
| Current Valuation | 2.46 B | ||||
| Shares Outstanding | 72.69 M | ||||
| Shares Owned By Insiders | 5.68 % | ||||
| Shares Owned By Institutions | 76.91 % | ||||
| Number Of Shares Shorted | 1.91 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 | 37.66 X | ||||
| Cash Flow From Operations | 384.74 M | ||||
| Short Ratio | 4.08 X | ||||
| Earnings Per Share | 4.86 X | ||||
| Price To Earnings To Growth | 2.08 X | ||||
| Target Price | 40.83 | ||||
| Number Of Employees | 1.25 K | ||||
| Beta | 1.11 | ||||
| Market Capitalization | 2.56 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cathay General in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cathay General's short interest history, or implied volatility extrapolated from Cathay General options trading.
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
| 0.68 | AX | Axos Financial Financial Report 25th of April 2024 | PairCorr |
| 0.87 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.65 | PB | Prosperity Bancshares Report 24th of April 2024 | PairCorr |
Moving against Cathay Stock
| 0.82 | TECTP | Tectonic Financial | PairCorr |
| 0.75 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.72 | CFG-PD | Citizens Financial | PairCorr |
| 0.67 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
| 0.63 | WF | Woori Financial Group Earnings Call This Week | 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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 (0.15) | Dividend Share 1.36 | Earnings Share 4.86 | Revenue Per Share 10.804 | Quarterly Revenue Growth (0.04) |
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.