Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan.
Undervalued with solid track record.
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: 2882 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2882 exceeded the TW Insurance industry which returned 0.4% over the past year.
Return vs Market: 2882 underperformed the TW Market which returned 10.4% 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
2 weeks ago | Simply Wall StNeed To Know: Analysts Are Much More Bullish On Cathay Financial Holding Co., Ltd. (TPE:2882) Revenues
3 weeks ago | Simply Wall StWhat Kind Of Shareholders Own Cathay Financial Holding Co., Ltd. (TPE:2882)?
2 months ago | Simply Wall StDoes Cathay Financial Holding Co., Ltd.'s (TPE:2882) 21% Earnings Growth Make It An Outperformer?
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: 2882 (NT$41.6) is trading below our estimate of fair value (NT$53.72)
Significantly Below Fair Value: 2882 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2882 is good value based on its PE Ratio (7.6x) compared to the Insurance industry average (7.9x).
PE vs Market: 2882 is good value based on its PE Ratio (7.6x) compared to the TW market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2882 is poor value based on its PEG Ratio (11.8x)
Price to Book Ratio
PB vs Industry: 2882 is good value based on its PB Ratio (0.8x) compared to the TW Insurance industry average (0.9x).
How is Cathay Financial Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2882's forecast earnings growth (0.6% per year) is below the savings rate (0.9%).
Earnings vs Market: 2882's earnings (0.6% per year) are forecast to grow slower than the TW market (15.2% per year).
High Growth Earnings: 2882's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2882's revenue is expected to decline over the next 3 years (-17.4% per year).
High Growth Revenue: 2882's revenue is forecast to decline over the next 3 years (-17.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2882's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Cathay Financial Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2882 has high quality earnings.
Growing Profit Margin: 2882's current net profit margins (6.4%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: 2882's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: 2882's earnings growth over the past year (53.4%) exceeds its 5-year average (1.5% per year).
Earnings vs Industry: 2882 earnings growth over the past year (53.4%) exceeded the Insurance industry 35.9%.
Return on Equity
High ROE: 2882's Return on Equity (11%) is considered low.
How is Cathay Financial Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 2882's short term assets (NT$3,621.1B) exceed its short term liabilities (NT$113.6B).
Long Term Liabilities: 2882's short term assets (NT$3,621.1B) do not cover its long term liabilities (NT$9,255.0B).
Debt to Equity History and Analysis
Debt Level: 2882's debt to equity ratio (68.6%) is considered high.
Reducing Debt: 2882's debt to equity ratio has increased from 68.4% to 68.6% over the past 5 years.
Debt Coverage: 2882's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: 2882's interest payments on its debt are well covered by EBIT (6.8x coverage).
What is Cathay Financial Holding's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2882's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2882's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2882's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2882's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2882 is not paying a notable dividend for the TW market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2882's dividend in 3 years as they are not forecast to pay a notable one for the TW market.
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. He is Chairman of Financial Planning Association of Taiwan. He is Managing Director of CDIB & Partner ...
|President & Director||9.33yrs||no data||0.00090% NT$5.5m|
|CFO & Senior EVP||16.42yrs||no data||no data|
|Chief Investment Officer & Senior EVP||7.92yrs||no data||no data|
|Chief Information Officer & Senior EVP||5.17yrs||no data||0.000040% NT$244.6k|
|Manager of IR Department||no data||no data||no data|
|Chief Compliance Officer & Executive VP||5.25yrs||no data||no data|
|Senior Vice President||19.42yrs||no data||no data|
|Executive Vice President||7.08yrs||no data||0.000060% NT$367.0k|
|Head of Marketing Planning Div. & Senior EVP||12.33yrs||no data||0.000090% NT$550.5k|
|Senior Vice President||11.17yrs||no data||no data|
Experienced Management: 2882's management team is seasoned and experienced (9.3 years average tenure).
|President & Director||9.33yrs||no data||0.00090% NT$5.5m|
|Independent Director||4yrs||no data||no data|
|Chairman of the Board||no data||no data||0.51% NT$3.1b|
|Honorary Vice Chairman||no data||no data||no data|
|Director||13yrs||no data||0.00042% NT$2.6m|
|Director||9yrs||no data||0.0022% NT$13.3m|
|Director||13yrs||no data||0.0042% NT$25.8m|
|Vice Chairman of the Board||no data||no data||0.0010% NT$6.4m|
|Chairman of Cathay Venture Inc||no data||no data||no data|
|Independent Director||3yrs||no data||no data|
Experienced Board: 2882's board of directors are considered experienced (9.5 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 been diluted in the past year, with total shares outstanding growing by 17%.
Cathay Financial Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Cathay Financial Holding Co., Ltd.
- Ticker: 2882
- Exchange: TSEC
- Founded: 2001
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: NT$611.624b
- Shares outstanding: 14.70b
- 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)||SP GDR REG S||US||USD||Feb 2003|
|CFHS||LSE (London Stock Exchange)||SP GDR REG S||GB||USD||Feb 2003|
|CATFH||BDL (Bourse de Luxembourg)||SP GDR 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 operates through five segments: Banking, Life Insurance, Property Insurance, Securities, and Other. It provides foreign exchange and guarantee, foreign currency investment advisory, trust, offshore banking, and other financial services. The company also offers traditional, investment-linked, and annuity insurance products; fire insurance, marine insurance, land and air insurance, liability insurance, financial guarantee insurance, reinsurance, and other insurance products; and financial planning services and policy loan services. In addition, it provides securities brokerage, discretionary and underwriting, and security financial services, as well as other financial products. Further, the company also provides real estate investment and management, wealth management, venture capital, asset management, fund management, banking, futures, risk management software, and securities investment consulting services. 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||2020/06/06 15:47|
|End of Day Share Price||2020/06/05 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.