Cathay General Bancorp (CATY) vs CVB Financial Corporation (CVBF)

Cathay General Bancorp and CVB Financial Corporation are both Banks Regional companies. Cathay General Bancorp and CVB Financial Corporation are of similar size ($4.1B and $3.9B). Cathay General Bancorp trades at the lower P/E: 11.9× against 15.5×. CVB Financial Corporation grew revenue faster over the last twelve months: 8.42% against 2.47%. CVB Financial Corporation has the higher net margin (28.8% vs 24.7%) and the lower return on invested capital (7.62% vs 14.8%). Both pay a dividend; CVB Financial Corporation yields more (4.76% vs 3.52%). Across the 20 metrics below, Cathay General Bancorp leads on 12 and CVB Financial Corporation on 8.

Valuation

Metric CATY CVBF Banks Regional median
P/E 11.93 15.54 12.15
P/S 2.92 5.28 2.37
P/B 1.35 1.19 1.21
Price to free cash flow 7.71 6.57 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.07 4.49 2.27
Earnings yield 8.38% 6.44% 8.11%
Free cash flow yield 12.97% 15.21% 8.98%

Profitability

Metric CATY CVBF Banks Regional median
Gross margin 61.82% 80.52% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.66% 28.84% 18.66%
Free cash flow margin 37.94% 80.31% 21.18%
Return on equity 11.71% 7.60% 10.64%
Return on assets 1.44% 1.12% 1.13%
Return on invested capital 14.82% 7.62% 8.33%

Growth

Metric CATY CVBF Banks Regional median
Revenue growth (TTM) 2.47% 8.42% 6.61%
EPS growth (last fiscal year) 14.94% 5.56% —
Revenue growth, 5-year CAGR 13.25% 6.19% 12.30%
Net income growth, 5-year CAGR 6.61% 3.32% 9.71%

Health

Metric CATY CVBF Banks Regional median
Debt to equity 0.04 0.17 0.22
Current ratio 1.04 0.77 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CATY CVBF Banks Regional median
Dividend yield 3.52% 4.76% 3.75%
Payout ratio 0.26 0.46 0.27

Size

Metric CATY CVBF Banks Regional median
Market cap 4.08b 3.92b 921.07m

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