Estados financieros detallados de Cathay General Bancorp (CATY): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Cathay General Bancorp registró ingresos de $1.38B en el último ejercicio fiscal, con un CAGR de 5 años del 13.2%. El beneficio neto alcanzó $315.1M, con un CAGR a 5 años del 6.6%.
Márgenes de los últimos 12 meses: margen bruto 57.2%, margen operativo 33.2%, margen neto 25.0%. El flujo de caja libre creció a un CAGR del 3.0% en 5 años.
Al precio actual de $62.00, CATY cotiza a un P/E de 12.11 y un ROE del 11.71%. La capitalización bursátil es de $4.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $532.4M | $606.8M | $719.3M | $814.0M | $743.4M | $721.1M | $908.1M | $1.31B | $1.39B | $1.38B |
| Coste de Ventas | $65.5M | $77.9M | $117.6M | $187.4M | $206.0M | $52.7M | $132.1M | $526.5M | $698.4M | $622.2M |
| Beneficio Bruto | $466.9M | $528.9M | $601.8M | $626.7M | $537.4M | $668.4M | $776.0M | $784.1M | $692.2M | $762.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $121.1M | $137.5M | $152.8M | $159.7M | $138.2M | $146.8M | $157.4M | $183.6M | $188.2M | $192.8M |
| Gastos Operativos | $224.7M | $230.6M | $264.1M | $277.3M | $283.5M | $286.5M | $303.4M | $380.5M | $374.7M | $355.1M |
| Beneficio Operativo | $242.2M | $298.3M | $337.7M | $349.4M | $254.0M | $381.8M | $472.5M | $403.6M | $317.5M | $407.4M |
| EBITDA | $249.7M | $305.6M | $345.0M | $364.5M | $270.5M | $398.0M | $492.3M | $421.7M | $334.4M | $431.1M |
| Gastos por Intereses | $81.2M | $80.4M | $122.1M | $194.4M | $148.5M | $68.8M | $117.6M | $500.5M | $660.9M | $566.8M |
| Beneficio Antes de Impuestos | $242.2M | $298.3M | $337.7M | $349.4M | $254.0M | $381.8M | $472.5M | $403.6M | $317.5M | $390.2M |
| Impuestos | $67.1M | $122.3M | $65.8M | $70.2M | $25.1M | $83.5M | $111.9M | $49.5M | $31.6M | $75.1M |
| Beneficio Neto | $175.1M | $176.0M | $271.9M | $279.1M | $228.9M | $298.3M | $360.6M | $354.1M | $286.0M | $315.1M |
| BPA | $2.21 | $2.19 | $3.35 | $3.49 | $2.88 | $3.81 | $4.85 | $4.88 | $3.97 | $4.57 |
| BPA Diluido | $2.19 | $2.17 | $3.34 | $3.48 | $2.87 | $3.80 | $4.83 | $4.86 | $3.95 | $4.54 |
| Acciones en Circulación (Diluidas) | $79.9M | $81.0M | $81.6M | $80.2M | $79.8M | $78.6M | $74.7M | $72.9M | $72.3M | $68.0M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $218.0M | $247.1M | $225.3M | $177.2M | $138.6M | $134.1M | $195.4M | $174.0M | $157.2M | $146.3M |
| Inversiones a Corto | $2.28B | $1.63B | $1.62B | $1.87B | $2.32B | $3.44B | $2.44B | $2.26B | $1.55B | $1.66B |
| Cuentas por Cobrar | $37.3M | $45.3M | $51.6M | $53.5M | $59.0M | $57.0M | $82.4M | $97.7M | $97.8M | $97.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $2.54B | $1.92B | $1.89B | $2.10B | $2.52B | $3.63B | $2.72B | $2.53B | $1.81B | $1.90B |
| Inmovilizado Material | $105.6M | $103.1M | $103.2M | $138.2M | $133.9M | $127.2M | $124.4M | $123.2M | $117.3M | $121.8M |
| Fondo de Comercio | $372.2M | $372.2M | $372.2M | $372.2M | $372.2M | $372.2M | $375.7M | $375.7M | $375.7M | $375.7M |
| Activos Intangibles | $2.9M | $8.1M | $7.2M | $6.3M | $5.4M | $4.6M | $5.8M | $4.5M | $3.3M | $2.7M |
| Activos Totales | $14.52B | $15.64B | $16.79B | $18.10B | $19.04B | $20.89B | $21.95B | $23.08B | $23.05B | $24.23B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $350.0M | $100.0M | 0 | $25.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $12.02B | $12.79B | $13.70B | $14.72B | $16.11B | $18.06B | $18.51B | $19.33B | $19.69B | $9.68B |
| Deuda a Largo | $486.8M | $641.6M | $736.7M | $818.2M | $292.9M | $162.3M | $626.7M | $674.9M | $196.9M | $172.8M |
| Pasivos Totales | $12.69B | $13.67B | $14.66B | $15.80B | $16.62B | $18.44B | $19.47B | $20.34B | $20.21B | $21.30B |
| Reservas | $1.18B | $1.28B | $1.48B | $1.66B | $1.79B | $1.99B | $2.24B | $2.50B | $2.69B | $2.91B |
| Patrimonio Neto | $1.83B | $1.97B | $2.12B | $2.29B | $2.42B | $2.45B | $2.47B | $2.74B | $2.85B | $2.93B |
| Deuda Total | $836.8M | $741.6M | $736.7M | $879.7M | $326.3M | $193.0M | $659.3M | $709.7M | $227.7M | $208.9M |
| Deuda Neta | -$1.66B | -$1.13B | -$1.11B | -$1.17B | -$2.13B | -$3.38B | -$1.98B | -$1.72B | -$1.48B | -$1.60B |
| Capital Circulante | -$9.49B | -$10.87B | -$11.81B | -$12.62B | -$13.59B | -$14.42B | -$15.79B | -$16.79B | -$17.88B | -$7.78B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | $175.1M | $176.0M | $271.9M | $279.1M | $228.9M | $298.3M | $360.6M | $354.1M | $286.0M | $315.1M |
| Amortizaciones | $7.5M | $7.3M | $7.3M | $15.1M | $16.5M | $16.1M | $19.8M | $18.1M | $16.8M | $16.0M |
| Compensación en Acciones | $5.0M | $5.7M | $8.0M | $7.3M | $6.4M | $6.8M | $7.8M | $7.8M | $6.8M | $7.6M |
| Cambio en Capital Circulante | $10.7M | $23.1M | -$136000 | $20.1M | -$42.6M | -$34.6M | $22.4M | -$76.5M | -$52.8M | -$61.6M |
| Flujo de Caja Operativo | $234.4M | $248.9M | $336.5M | $435.0M | $320.0M | $334.3M | $467.4M | $384.7M | $329.2M | $368.6M |
| Inversiones (CapEx) | -$3.5M | -$3.2M | -$6.7M | -$7.1M | -$5.8M | -$3.7M | -$3.4M | -$3.4M | -$3.6M | -$4.9M |
| Adquisiciones | 0 | -$1.4M | 0 | 0 | 0 | 0 | -$73.9M | 0 | 0 | 0 |
| Recompra de Acciones | -$54.4M | 0 | -$42.6M | -$36.3M | -$23.6M | -$167.1M | -$141.3M | -$16.7M | -$84.7M | -$180.3M |
| Dividendos Pagados | -$59.3M | -$69.9M | -$83.4M | -$99.1M | -$98.7M | -$99.3M | -$101.0M | -$98.6M | -$98.0M | -$93.8M |
| Flujo de Caja Libre | $230.9M | $245.7M | $329.9M | $427.8M | $314.2M | $330.6M | $464.0M | $381.3M | $325.5M | $363.7M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +14.0% | +18.5% | +13.2% | -8.7% | -3.0% | +25.9% | +44.3% | +6.1% | -0.4% | |
| Crecimiento Beneficio Neto (anual) | +0.5% | +54.4% | +2.7% | -18.0% | +30.3% | +20.9% | -1.8% | -19.2% | +10.2% | |
| Crecimiento BPA (anual) | -0.9% | +53.0% | +4.2% | -17.5% | +32.3% | +27.3% | +0.6% | -18.6% | +15.1% | |
| Cambio en Acciones (anual) | +1.3% | +0.7% | -1.7% | -0.6% | -1.5% | -5.0% | -2.4% | -0.7% | -6.0% | |
| Crecimiento FCF (anual) | +6.4% | +34.3% | +29.7% | -26.6% | +5.2% | +40.4% | -17.8% | -14.6% | +11.7% | |
| Margen Bruto | 87.7% | 87.2% | 83.7% | 77.0% | 72.3% | 92.7% | 85.5% | 59.8% | 49.8% | 55.1% |
| Margen Operativo | 45.5% | 49.2% | 46.9% | 42.9% | 34.2% | 53.0% | 52.0% | 30.8% | 22.8% | 29.4% |
| Margen EBITDA | 46.9% | 50.4% | 48.0% | 44.8% | 36.4% | 55.2% | 54.2% | 32.2% | 24.0% | 31.1% |
| Margen Neto | 32.9% | 29.0% | 37.8% | 34.3% | 30.8% | 41.4% | 39.7% | 27.0% | 20.6% | 22.8% |
| Margen FCF | 43.4% | 40.5% | 45.9% | 52.6% | 42.3% | 45.8% | 51.1% | 29.1% | 23.4% | 26.3% |
| Tasa Impositiva Efectiva | 27.7% | 41.0% | 19.5% | 20.1% | 9.9% | 21.9% | 23.7% | 12.3% | 9.9% | 19.2% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $2.89 | $3.03 | $4.04 | $5.33 | $3.94 | $4.21 | $6.21 | $5.23 | $4.50 | $5.35 |
| Dividendo por Acción | $0.74 | $0.86 | $1.02 | $1.24 | $1.24 | $1.26 | $1.35 | $1.35 | $1.35 | $1.38 |
| Acciones en Circulación (Básicas) | $79.2M | $80.3M | $81.1M | $80.0M | $79.6M | $78.3M | $74.3M | $72.6M | $72.1M | $67.7M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 11.71% |
| Rentabilidad sobre capital invertido | 10.26% |
| Rentabilidad sobre activos | 1.41% |
| Margen bruto | 57.16% |
| Margen operativo | 33.16% |
| Margen neto | 24.97% |
Salud financiera
| Deuda / Patrimonio | 0.05 |
| Ratio corriente | 0.15 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 17.21 | 19.26 | 10.01 | 10.90 | 11.18 | 11.28 | 8.41 | 9.13 | 11.99 | 10.59 |
| P/VC | 1.65 | 1.72 | 1.28 | 1.33 | 1.06 | 1.38 | 1.23 | 1.18 | 1.21 | 1.12 |
| P/V | 5.65 | 5.58 | 3.78 | 3.74 | 3.45 | 4.67 | 3.34 | 2.47 | 2.47 | 2.37 |
| Margen Bruto | 87.7% | 87.2% | 83.7% | 77.0% | 72.3% | 92.7% | 85.5% | 59.8% | 49.8% | 55.1% |
| Margen Operativo | 45.5% | 49.2% | 46.9% | 42.9% | 34.2% | 53.0% | 52.0% | 30.8% | 22.8% | 29.4% |
| Margen Neto | 32.9% | 29.0% | 37.8% | 34.3% | 30.8% | 41.4% | 39.7% | 27.0% | 20.6% | 22.8% |
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Explorar sector: Financial Services · Banks - Regional
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