Macro Bank Inc. (BMA) vs Cathay General Bancorp (CATY)

Macro Bank Inc. and Cathay General Bancorp are both Banks Regional companies. Macro Bank Inc. and Cathay General Bancorp are of similar size ($4.1B and $4.0B). Cathay General Bancorp trades at the lower P/E: 11.6× against 14.0×. Macro Bank Inc. grew revenue faster over the last twelve months: 13.9% against 2.47%. Cathay General Bancorp has the higher net margin (24.7% vs 6.18%) and the higher return on invested capital (14.8% vs 8.33%). Both pay a dividend; Macro Bank Inc. yields more (6.47% vs 2.47%). Across the 19 metrics below, Cathay General Bancorp leads on 10 and Macro Bank Inc. on 9.

Valuation

Metric BMA CATY Banks Regional median
P/E 14.01 11.64 11.98
P/S 0.84 2.85 2.34
P/B 0.93 1.32 1.19
Price to free cash flow 3.58 7.52 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.14% 8.59% 8.23%
Free cash flow yield 27.94% 13.30% 9.08%

Profitability

Metric BMA CATY Banks Regional median
Gross margin 67.78% 61.82% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.18% 24.66% 18.66%
Free cash flow margin 0.00% 37.94% 21.11%
Return on equity 7.08% 11.71% 10.65%
Return on assets 1.73% 1.44% 1.13%
Return on invested capital 8.33% 14.82% 8.35%

Growth

Metric BMA CATY Banks Regional median
Revenue growth (TTM) 13.93% 2.47% 6.98%
EPS growth (last fiscal year) (44.54%) 14.94% 18.88%
Revenue growth, 5-year CAGR 10.36% 13.25% 12.38%
Net income growth, 5-year CAGR (9.01%) 6.61% 9.71%

Health

Metric BMA CATY Banks Regional median
Debt to equity 0.26 0.04 0.22
Current ratio 1.10 1.04 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMA CATY Banks Regional median
Dividend yield 6.47% 2.47% 2.57%
Payout ratio 0.91 0.29 0.30

Size

Metric BMA CATY Banks Regional median
Market cap 4.09b 4.01b 913.33m

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