Cathay Financial Holding Co Ltd
Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally. The company is involved in the commercial banking, individual physical insurance, property and casualty insurance, securities issuance and investment, investment start-up, real estate related, energy technology service, investing activities, … Read more
Cathay Financial Holding Co Ltd (2882) - Net Assets
Latest net assets as of September 2025: NT$907.90 Billion TWD
Based on the latest financial reports, Cathay Financial Holding Co Ltd (2882) has net assets worth NT$907.90 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.24 Trillion) and total liabilities (NT$13.33 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$907.90 Billion |
| % of Total Assets | 6.37% |
| Annual Growth Rate | 11.45% |
| 5-Year Change | 0.19% |
| 10-Year Change | 96.62% |
| Growth Volatility | 22.71 |
Cathay Financial Holding Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Cathay Financial Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cathay Financial Holding Co Ltd (2001–2024)
The table below shows the annual net assets of Cathay Financial Holding Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$906.53 Billion | +13.11% |
| 2023-12-31 | NT$801.45 Billion | +31.02% |
| 2022-12-31 | NT$611.71 Billion | -33.08% |
| 2021-12-31 | NT$914.04 Billion | +1.02% |
| 2020-12-31 | NT$904.78 Billion | +15.70% |
| 2019-12-31 | NT$782.03 Billion | +47.75% |
| 2018-12-31 | NT$529.29 Billion | -13.01% |
| 2017-12-31 | NT$608.47 Billion | +14.84% |
| 2016-12-31 | NT$529.82 Billion | +14.91% |
| 2015-12-31 | NT$461.06 Billion | +5.19% |
| 2014-12-31 | NT$438.32 Billion | +53.66% |
| 2013-12-31 | NT$285.26 Billion | +14.75% |
| 2012-12-31 | NT$248.58 Billion | +14.18% |
| 2011-12-31 | NT$217.71 Billion | -2.14% |
| 2010-12-31 | NT$222.47 Billion | +3.27% |
| 2009-12-31 | NT$215.42 Billion | +48.06% |
| 2008-12-31 | NT$145.50 Billion | -36.71% |
| 2007-12-31 | NT$229.89 Billion | +4.96% |
| 2006-12-31 | NT$219.03 Billion | +14.58% |
| 2005-12-31 | NT$191.16 Billion | +9.02% |
| 2004-12-31 | NT$175.35 Billion | +23.65% |
| 2003-12-31 | NT$141.81 Billion | +27.87% |
| 2002-12-31 | NT$110.90 Billion | +48.17% |
| 2001-12-31 | NT$74.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cathay Financial Holding Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 199244.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$273.37 Billion | 30.76% |
| Common Stock | NT$146.69 Billion | 16.51% |
| Other Comprehensive Income | NT$253.55 Billion | 28.53% |
| Other Components | NT$215.08 Billion | 24.20% |
| Total Equity | NT$888.69 Billion | 100.00% |
Cathay Financial Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Cathay Financial Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IVBIY
PINK:IVBIY
|
$20.20 Billion |
|
Weichai Power Co. Ltd
F:WI4
|
$20.22 Billion |
|
First Solar Inc
NASDAQ:FSLR
|
$20.23 Billion |
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
$20.24 Billion |
|
Aristocrat Leisure Limited
PINK:ARLUF
|
$20.17 Billion |
|
NetApp Inc
NASDAQ:NTAP
|
$20.14 Billion |
|
Novozymes A/S B
PINK:NVZMF
|
$20.13 Billion |
|
US Foods Holding Corp
NYSE:USFD
|
$20.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathay Financial Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 788,054,685,000 to 888,691,521,000, a change of 100,636,836,000 (12.8%).
- Net income of 110,269,745,000 contributed positively to equity growth.
- Dividend payments of 32,742,823,000 reduced retained earnings.
- Other comprehensive income decreased equity by 122,493,103,000.
- Other factors increased equity by 145,603,017,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$110.27 Billion | +12.41% |
| Dividends Paid | NT$32.74 Billion | -3.68% |
| Other Comprehensive Income | NT$-122.49 Billion | -13.78% |
| Other Changes | NT$145.60 Billion | +16.38% |
| Total Change | NT$- | 12.77% |
Book Value vs Market Value Analysis
This analysis compares Cathay Financial Holding Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.05x to 1.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$17.72 | NT$71.70 | x |
| 2007-12-31 | NT$18.15 | NT$71.70 | x |
| 2008-12-31 | NT$11.39 | NT$71.70 | x |
| 2009-12-31 | NT$16.97 | NT$71.70 | x |
| 2010-12-31 | NT$17.48 | NT$71.70 | x |
| 2011-12-31 | NT$17.19 | NT$71.70 | x |
| 2012-12-31 | NT$19.99 | NT$71.70 | x |
| 2013-12-31 | NT$22.72 | NT$71.70 | x |
| 2014-12-31 | NT$33.75 | NT$71.70 | x |
| 2015-12-31 | NT$35.50 | NT$71.70 | x |
| 2016-12-31 | NT$40.83 | NT$71.70 | x |
| 2017-12-31 | NT$46.73 | NT$71.70 | x |
| 2018-12-31 | NT$40.73 | NT$71.70 | x |
| 2019-12-31 | NT$60.22 | NT$71.70 | x |
| 2020-12-31 | NT$66.77 | NT$71.70 | x |
| 2021-12-31 | NT$67.44 | NT$71.70 | x |
| 2022-12-31 | NT$45.40 | NT$71.70 | x |
| 2023-12-31 | NT$53.72 | NT$71.70 | x |
| 2024-12-31 | NT$58.75 | NT$71.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathay Financial Holding Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.55%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 15.49x
- Recent ROE (12.41%) is above the historical average (9.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.18% | 0.05% | 0.24x | 15.11x | NT$-7.35 Billion |
| 2002 | 11.80% | 3.39% | 0.19x | 18.81x | NT$2.00 Billion |
| 2003 | 14.52% | 5.49% | 0.16x | 16.51x | NT$6.41 Billion |
| 2004 | 17.01% | 7.23% | 0.16x | 15.11x | NT$12.29 Billion |
| 2005 | 11.61% | 5.11% | 0.14x | 16.33x | NT$3.01 Billion |
| 2006 | 4.89% | 4.25% | 0.07x | 15.95x | NT$-11.04 Billion |
| 2007 | 13.57% | 13.38% | 0.06x | 16.26x | NT$8.09 Billion |
| 2008 | 1.54% | 1.34% | 0.04x | 26.32x | NT$-12.04 Billion |
| 2009 | 5.21% | 3.38% | 0.08x | 20.24x | NT$-10.17 Billion |
| 2010 | 2.09% | 1.65% | 0.06x | 21.46x | NT$-17.28 Billion |
| 2011 | 5.21% | 4.56% | 0.05x | 23.43x | NT$-10.24 Billion |
| 2012 | 6.58% | 4.27% | 0.07x | 22.20x | NT$-8.37 Billion |
| 2013 | 13.45% | 9.82% | 0.06x | 21.62x | NT$9.71 Billion |
| 2014 | 11.41% | 12.12% | 0.06x | 16.05x | NT$6.10 Billion |
| 2015 | 12.64% | 13.07% | 0.06x | 16.63x | NT$12.01 Billion |
| 2016 | 9.10% | 8.85% | 0.07x | 15.55x | NT$-4.71 Billion |
| 2017 | 9.40% | 9.65% | 0.07x | 14.76x | NT$-3.60 Billion |
| 2018 | 9.90% | 10.87% | 0.05x | 17.75x | NT$-505.89 Million |
| 2019 | 8.13% | 11.34% | 0.05x | 13.04x | NT$-14.42 Billion |
| 2020 | 8.35% | 11.70% | 0.06x | 12.26x | NT$-14.73 Billion |
| 2021 | 15.47% | 22.70% | 0.05x | 12.85x | NT$49.31 Billion |
| 2022 | 6.24% | 9.83% | 0.03x | 20.16x | NT$-22.52 Billion |
| 2023 | 6.46% | 18.59% | 0.02x | 16.26x | NT$-27.88 Billion |
| 2024 | 12.41% | 30.55% | 0.03x | 15.49x | NT$21.40 Billion |
Industry Comparison
This section compares Cathay Financial Holding Co Ltd's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $247,311,464,500
- Average return on equity (ROE) among peers: 6.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathay Financial Holding Co Ltd (2882) | NT$907.90 Billion | 0.18% | 14.69x | $20.17 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $16.94 Billion | 1.83% | 25.48x | $746.84 Million |
| Fubon Financial Holding Co Ltd (2881) | $983.84 Billion | 14.69% | 9.67x | $20.58 Billion |
| China Development Financial Holding Corp (2883) | $128.47 Billion | 4.62% | 1.05x | $8.13 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $283.93 Billion | 7.18% | 17.12x | $5.59 Billion |
| Mercuries & Associates Holding Ltd (2905) | $26.44 Billion | 3.81% | 22.18x | $142.74 Million |
| Farglory Life Insurance Co. Ltd. (5859) | $44.24 Billion | 4.99% | 14.81x | $223.91 Million |