Financials Cathay Financial Holding Co., Ltd.

Equities

2882

TW0002882008

Life & Health Insurance

End-of-day quote Taiwan S.E. 03:30:00 03/05/2024 am IST 5-day change 1st Jan Change
50.2 TWD -0.20% Intraday chart for Cathay Financial Holding Co., Ltd. +2.66% +9.73%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,60,350 5,56,399 8,23,076 5,86,768 6,71,116 7,36,394 - -
Enterprise Value (EV) 1 4,69,172 3,02,179 7,72,544 5,44,819 6,71,116 7,51,727 7,51,727 7,36,394
P/E ratio 8.94 x 7.81 x 6.04 x 15.5 x 14.1 x 10.3 x 9.54 x -
Yield 4.7% 5.92% 5.6% 2.25% 7.65% 3.23% 3.55% 3.98%
Capitalization / Revenue 1.01 x 0.88 x 1.31 x 1.72 x 2.21 x 2.12 x 2.01 x 1.81 x
EV / Revenue 0.84 x 0.48 x 1.23 x 1.6 x 2.21 x 2.16 x 2.05 x 1.81 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.73 x 0.62 x 1.02 x 1.16 x 0.96 x 0.93 x 0.87 x -
Nbr of stocks (in thousands) 1,31,69,210 1,31,69,210 1,31,69,210 1,46,69,210 1,46,69,210 1,46,69,210 - -
Reference price 2 42.55 42.25 62.50 40.00 45.75 50.20 50.20 50.20
Announcement Date 16/03/20 22/03/21 22/03/22 16/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,55,887 6,29,914 6,25,963 3,41,434 3,04,173 3,47,607 3,66,061 4,06,766
EBITDA - - - - - - - -
EBIT 1 72,763 84,794 1,63,011 54,725 62,572 1,15,438 1,19,245 -
Operating Margin 13.09% 13.46% 26.04% 16.03% 20.57% 33.21% 32.58% -
Earnings before Tax (EBT) 1 70,557 81,616 1,59,526 49,948 58,469 97,048 1,04,072 -
Net income 1 62,757 74,579 1,39,514 37,359 50,929 79,119 85,776 -
Net margin 11.29% 11.84% 22.29% 10.94% 16.74% 22.76% 23.43% -
EPS 2 4.760 5.410 10.34 2.580 3.240 4.889 5.262 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.000 2.500 3.500 0.9000 3.500 1.624 1.784 2.000
Announcement Date 16/03/20 22/03/21 22/03/22 16/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,31,813 1,48,374 1,32,077 1,05,719 68,694 34,943 68,410 94,002 80,028 61,732 1,01,463 87,308 85,213 65,991 72,576
EBITDA - - - - - - - - - - - - - - -
EBIT 1 33,890 21,718 39,856 25,113 7,085 - 7,237 33,033 33,251 -10,603 36,617 32,206 37,810 8,806 -
Operating Margin 25.71% 14.64% 30.18% 23.75% 10.31% - 10.58% 35.14% 41.55% -17.18% 36.09% 36.89% 44.37% 13.34% -
Earnings before Tax (EBT) 1 33,890 21,448 39,808 23,947 7,085 -20,893 7,237 31,426 32,339 -12,533 34,316 24,394 34,155 8,153 22,500
Net income 1 30,546 17,918 34,207 14,601 5,086 -16,535 7,009 25,487 26,756 -8,323 30,156 19,110 28,750 7,132 20,700
Net margin 23.17% 12.08% 25.9% 13.81% 7.4% -47.32% 10.25% 27.11% 33.43% -13.48% 29.72% 21.89% 33.74% 10.81% 28.52%
EPS 2 2.320 1.360 2.600 0.8500 0.3800 -1.250 0.4800 1.500 1.830 -0.5700 1.860 1.180 1.775 0.4400 1.280
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 16/11/21 22/03/22 23/05/22 31/08/22 21/11/22 16/03/23 26/05/23 25/08/23 24/11/23 15/03/24 - - - - -
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 15,333 15,333 -
Net Cash position 1 91,178 2,54,221 50,531 41,949 - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.72% 8.96% 15.5% 4.98% 7.29% 9.16% 9.48% -
ROA (Net income/ Total Assets) 0.65% 0.71% 1.25% 0.32% 0.41% 0.61% 0.58% -
Assets 1 96,44,581 1,05,08,590 1,11,61,127 1,16,74,800 1,24,21,707 1,29,70,274 1,47,38,188 -
Book Value Per Share 2 58.60 67.80 61.50 34.60 47.50 53.80 57.50 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 16/03/20 22/03/21 22/03/22 16/03/23 15/03/24 - - -
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
50.2 TWD
Average target price
52.13 TWD
Spread / Average Target
+3.84%
Consensus
  1. Stock Market
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  3. 2882 Stock
  4. Financials Cathay Financial Holding Co., Ltd.