Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan.
No risks detected for CFHS from our risk checks.
Undervalued established dividend payer.
Share Price & News
How has Cathay Financial Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CFHS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CFHS matched the UK Insurance industry which returned -11.4% over the past year.
Return vs Market: CFHS underperformed the UK Market which returned -1.3% over the past year.
Price Volatility Vs. Market
How volatile is Cathay Financial Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Cathay Financial Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CFHS ($13.6) is trading below our estimate of fair value ($25.06)
Significantly Below Fair Value: CFHS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CFHS is good value based on its PE Ratio (11x) compared to the Insurance industry average (13.5x).
PE vs Market: CFHS is good value based on its PE Ratio (11x) compared to the UK market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: CFHS is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: CFHS is good value based on its PB Ratio (0.7x) compared to the GB Insurance industry average (1.7x).
How is Cathay Financial Holding forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CFHS's forecast earnings growth (7.6% per year) is above the savings rate (0.5%).
Earnings vs Market: CFHS's earnings (7.6% per year) are forecast to grow slower than the UK market (13.2% per year).
High Growth Earnings: CFHS's earnings are forecast to grow, but not significantly.
Revenue vs Market: CFHS's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: CFHS's revenue is forecast to decline over the next 3 years (-5.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CFHS's Return on Equity is forecast to be low in 3 years time (9.2%).
How has Cathay Financial Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CFHS has high quality earnings.
Growing Profit Margin: CFHS's current net profit margins (5%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: CFHS's earnings have declined by -1.6% per year over the past 5 years.
Accelerating Growth: CFHS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CFHS had negative earnings growth (-11%) over the past year, making it difficult to compare to the Insurance industry average (23.4%).
Return on Equity
High ROE: CFHS's Return on Equity (6.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Cathay Financial Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CFHS has a low level of unsold assets or inventory.
Debt Coverage by Assets: CFHS's debt is covered by short term assets (assets are 9.3x debt).
Financial Institutions Analysis
Asset Level: CFHS's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if CFHS has a sufficient allowance for bad loans.
Low Risk Liabilities: CFHS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CFHS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CFHS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CFHS has an appropriate level of bad loans.
What is Cathay Financial Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CFHS's dividend (6.24%) is higher than the bottom 25% of dividend payers in the UK market (1.94%).
High Dividend: CFHS's dividend (6.24%) is in the top 25% of dividend payers in the UK market (5.4%)
Stability and Growth of Payments
Stable Dividend: CFHS's dividends per share have been stable in the past 10 years.
Growing Dividend: CFHS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CFHS's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chang-Ken Lee (60yo)
Mr. Chang-Ken Lee has been the President of Cathay Financial Holding Co., Ltd. since February 25, 2011. Mr. Lee served as a Director of Cathay United Bank Co., Ltd., a subsidiary of Cathay Financial Holdi ...
|President & Director||9yrs||no data||0.00094% NT$165.9k|
|CFO & Senior EVP||16.1yrs||no data||no data|
|Chief Investment Officer & Senior EVP||7.6yrs||no data||no data|
|Chief Information Officer & Senior EVP||4.8yrs||no data||no data|
|Manager of IR Department||0yrs||no data||no data|
|Chief Compliance Officer & Executive VP||4.9yrs||no data||no data|
|Senior Vice President||9.4yrs||no data||no data|
|Executive Vice President||6.8yrs||no data||0.000020% NT$3.5k|
|Head of Marketing Planning Div. & Senior EVP||12yrs||no data||0.000050% NT$8.8k|
|Senior Vice President||10.8yrs||no data||no data|
Experienced Management: CFHS's management team is seasoned and experienced (9 years average tenure).
|President & Director||9yrs||no data||0.00094% NT$165.9k|
|Independent Director||3.7yrs||no data||no data|
|Chairman of the Board||0yrs||no data||0.55% NT$96.3m|
|Honorary Vice Chairman||0yrs||no data||no data|
|Director||12.7yrs||no data||0.00044% NT$77.6k|
|Director||8.7yrs||no data||0.0023% NT$407.6k|
|Director||12.7yrs||no data||0.0045% NT$795.8k|
|Vice Chairman of the Board||0yrs||no data||0.0011% NT$195.9k|
|Chairman of Cathay Venture Inc||0yrs||no data||no data|
|Independent Director||2.7yrs||no data||no data|
Experienced Board: CFHS's board of directors are considered experienced (9.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cathay Financial Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Cathay Financial Holding Co., Ltd.
- Ticker: CFHS
- Exchange: LSE
- Founded: 2001
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: NT$533.354b
- Listing Market Cap: NT$17.646b
- Shares outstanding: 13.32b
- Website: https://www.cathayholdings.com
Number of Employees
- Cathay Financial Holding Co., Ltd.
- No.296, Ren’ai Road
- Sec. 4
- Taipei City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2882||TSEC (Taiwan Stock Exchange)||Yes||Common Stock||TW||TWD||Dec 2001|
|CHYF.F||OTCPK (Pink Sheets LLC)||SPON GDR REP 10 ORD TWD10 REG'S'||US||USD||Feb 2003|
|CFHS||LSE (London Stock Exchange)||SPON GDR REP 10 ORD TWD10 REG'S'||GB||USD||Feb 2003|
|CATFH||BDL (Bourse de Luxembourg)||SPON GDR REP 10 ORD TWD10 REG'S'||LU||USD||Feb 2003|
|2882A||TSEC (Taiwan Stock Exchange)||A PRF SHARE TWD10||TW||TWD||Jan 2017|
|2882B||TSEC (Taiwan Stock Exchange)||B PRF SHARE TWD10||TW||TWD||Aug 2018|
Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan. The company’s Banking segment provides foreign exchange and guarantee, foreign currency investment advisory, trust, offshore banking, and other financial services. Its Life Insurance segment sells traditional insurance policies, investment-linked insurance policies, and floating-rate annuity insurance products. The company’s Properties Insurance segment offers fire insurance, marine insurance, land and air insurance, liability insurance, bonding insurance, reinsurance, and other insurance services. Its Securities segment provides services for securities brokerage, discretionary and underwriting, and innovation and development of financial products and services. The company also provides real estate investment and management; and wealth management services, as well as office equipment leasing, risk management software, and securities investment consulting services. It has approximately 675 branches. Cathay Financial Holding Co., Ltd. was founded in 2001 and is based in Taipei City, Taiwan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 20:42|
|End of Day Share Price||2020/02/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.