Company Valuation: Cathay Financial Holding Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 823,076 586,768 671,116 1,001,907 1,111,926 1,613,613 - -
Change - -28.71% 14.38% 49.29% 10.98% 45.12% - -
Enterprise Value (EV) 772,544 544,819 778,661 1,277,016 1,111,926 1,613,613 1,613,613 1,613,613
Change - -29.48% 42.92% 64% -12.93% 45.12% 0% 0%
P/E 6.04x 15.5x 14.1x 9.37x 10.7x 12.1x 12.2x 11.4x
PBR 1.02x 1.16x 0.96x 1.13x 1.2x 1.52x 1.32x 1.39x
PEG - -0.2x 0.6x 0x -3.39x 0.4x -8.39x 1.45x
Capitalization / Revenue 1.31x 1.72x 2.21x 3.61x 3.17x 4.31x 4.47x 4.36x
EV / Revenue 0x 0x 0x 0x 0x 4.31x 4.47x 4.36x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.32x 9.58x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.5 0.9 3.5 3.83 - 5.107 4.984 5.249
Rate of return 5.6% 2.25% 7.65% 5.61% - 4.64% 4.53% 4.77%
EPS 2 10.34 2.58 3.24 7.29 7.06 9.118 8.985 9.69
Distribution rate 33.8% 34.9% 108% 52.5% - 56% 55.5% 54.2%
Net sales 1 625,963 341,434 304,173 277,198 350,405 374,132 361,094 370,463
EBITDA - - - - - - - -
EBIT 1 163,011 54,725 62,572 137,132 121,164 194,001 168,494 -
Net income 1 139,514 37,359 50,929 110,270 107,142 134,284 130,505 135,981
Net Debt -50,531 -41,949 107,545 275,109 - - - -
Reference price 2 62.50 40.00 45.75 68.30 75.80 110.00 110.00 110.00
Nbr of stocks (in thousands) 13,169,210 14,669,210 14,669,210 14,669,210 14,669,210 14,669,210 - -
Announcement Date 3/22/22 3/16/23 3/15/24 3/14/25 3/16/26 - - -
1TWD in Million2TWD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.06x - - 4.64% 49.4B
6.44x4.89x - 5.61% 128B
3.96x1.34x - 4.82% 128B
12.22x - - 2.93% 95.44B
15.65x - - 3.1% 73.85B
13.36x1.02x1.03x4.35% 71.91B
14.01x - - 3.86% 65.83B
12.89x - - 2.32% 64.3B
16.91x3.19x - 2.03% 60.3B
17.2x - - 2.98% 57.57B
Average 12.47x 2.61x 1.03x 3.66% 79.5B
Weighted average by Cap. 11.29x 2.74x 1.03x 3.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cathay Financial Holding Co., Ltd.

Historical PBR trend

Valuation ratios - PBR - Cathay Financial Holding Co., Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cathay Financial Holding Co., Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cathay Financial Holding Co., Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cathay Financial Holding Co., Ltd.
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