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CATY (Cathay General Bancorp) Intrinsic Value: Projected FCF : $91.61 (As of Oct. 31, 2024)


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What is Cathay General Bancorp Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-10-31), Cathay General Bancorp's Intrinsic Value: Projected FCF is $91.61. The stock price of Cathay General Bancorp is $46.00. Therefore, Cathay General Bancorp's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Cathay General Bancorp's Intrinsic Value: Projected FCF or its related term are showing as below:

CATY' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.32   Med: 0.62   Max: 0.98
Current: 0.5

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Cathay General Bancorp was 0.98. The lowest was 0.32. And the median was 0.62.

CATY's Price-to-Projected-FCF is ranked worse than
50.08% of 1274 companies
in the Banks industry
Industry Median: 0.505 vs CATY: 0.50

Cathay General Bancorp Intrinsic Value: Projected FCF Historical Data

The historical data trend for Cathay General Bancorp's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cathay General Bancorp Intrinsic Value: Projected FCF Chart

Cathay General Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.30 68.27 72.75 84.29 94.30

Cathay General Bancorp Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.50 94.30 92.84 91.61 -

Competitive Comparison of Cathay General Bancorp's Intrinsic Value: Projected FCF

For the Banks - Regional subindustry, Cathay General Bancorp's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cathay General Bancorp's Price-to-Projected-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Cathay General Bancorp's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Cathay General Bancorp's Price-to-Projected-FCF falls into.



Cathay General Bancorp Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Cathay General Bancorp's Free Cash Flow(6 year avg) = $361.60.

Cathay General Bancorp's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Sep24)*0.8)/Shares Outstanding (Diluted Average)
=(11.936106726364*361.60272+2830.313*0.8)/72.032
=91.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cathay General Bancorp  (NAS:CATY) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Cathay General Bancorp's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=46.00/91.353552011101
=0.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cathay General Bancorp Intrinsic Value: Projected FCF Related Terms

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Cathay General Bancorp Business Description

Traded in Other Exchanges
Address
777 North Broadway, Los Angeles, CA, USA, 90012
Cathay General Bancorp is a regional bank predominantly serving the Chinese-American community. The company's policy is to reach out and actively offer services to low-to-moderate income groups in the delineated branch service areas. It predominantly provides services such as checking and deposit, lines of credits, commercial and commercial real estate loans, merchant services and payment processing, treasury management services, international banking and financing services, and other customary banking services to individuals, professionals, and small to medium-sized businesses. Through its Wealth Management unit, the company also offers investment products and services, such as stocks, bonds, mutual funds, insurance, annuities, and advisory services.
Executives
Dunson K Cheng director, officer: Chairman & President
Peter Wu director, officer: Executive Vice Chairman/COO
Kim R Bingham officer: EVP - Chief Credit Officer CATHAY BANK, 777 NORTH BROADWAY, LOS ANGELES CA 90012
Anthony M Tang director, officer: EVP
Richard Sun director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
May K. Chan officer: SVP, General Counsel 9650 FLAIR DRIVE, EL MONTE CA 91731
Shally Wang director 9650 FLAIR DRIVE, EL MONTE CA 91731
Irwin Wong officer: Executive Vice President
Jane H Jelenko director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Maan-huei Hung director CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Lisa L. Kim officer: EVP, General Counsel EAST WEST BANCORP INC, 135 N. LOS ROBLES AVE., 7TH FL, PASADENA CA 91101
Chang Liu officer: EVP, Chief Operating Officer C/O FIRST PACTRUST BANCORP INC, 610 BAY BOULEVARD, CHULA VISTA CA 91910
Kelly L Chan director
Mark Hakjoon Lee officer: EVP, Chief Credit Officer CATHAY GENERAL BANCORP, 9650 FLAIR DRIVE, EL MONTE CA 91731
Patrick Lee director