Cathay General Bancorp (CATY) intrinsic value & 10-year financials
Cathay General Bancorp (CATY) has a Graham intrinsic value of $95.96 per share. At $59.96 on Oct 17, 2026, the stock trades 38% below that value. Over the last 10 fiscal years revenue grew 8.7% a year to $53.8M, with an average return on invested capital of 12.2%.
- Graham intrinsic value
- $95.96
- Share price (Oct 17, 2026)
- $59.96
- Price vs Graham value
- 38% below
- Market cap
- $4.2B
- Revenue (FY2025)
- $53.8M
- Revenue growth (10-yr CAGR)
- 8.7%
- ROIC (10-yr avg)
- 12.2%
- Free cash flow (FY2025)
- $363.7M
CATY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $53.8M | $315.1M | $4.54 | $363.7M | — | 10.9% |
| FY2024 | $52.3M | $286.0M | $3.95 | $325.5M | — | 10.2% |
| FY2023 | $43.9M | $354.1M | $4.86 | $381.3M | — | 13.6% |
| FY2022 | $42.2M | $360.6M | $4.83 | $464.0M | — | 14.7% |
| FY2021 | $39.1M | $298.3M | $3.80 | $330.6M | — | 12.3% |
| FY2020 | $32.2M | $228.9M | $2.87 | $314.2M | — | 9.7% |
| FY2019 | $31.5M | $279.1M | $3.48 | $427.8M | — | 16.3% |
| FY2018 | $28.0M | $271.9M | $3.33 | $329.9M | — | 15.0% |
| FY2017 | $25.6M | $176.0M | $2.17 | $245.7M | — | 9.6% |
| FY2016 | $25.5M | $175.1M | $2.19 | $230.9M | — | 10.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CATHAY GENERAL BANCORP is a consistent compounder, expanding top-line revenue at 8.7% annually over the past decade.
CATHAY GENERAL BANCORP returns on capital have been average, hovering around 12.2% ROIC over the decade.
Over the decade, CATHAY GENERAL BANCORP shows that management has aggressively returned capital to shareholders by retiring 13.1% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CATHAY GENERAL BANCORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $95.96 per share.