Cathay Financial Holding Co Ltd Pref A (2882A) - Net Assets
Based on the latest financial reports, Cathay Financial Holding Co Ltd Pref A (2882A) has net assets worth NT$934.39 Billion TWD (≈ $29.44 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$14.34 Trillion ≈ $451.84 Billion USD) and total liabilities (NT$13.41 Trillion ≈ $422.40 Billion USD). 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. Check 2882A intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$934.39 Billion |
| % of Total Assets | 6.52% |
| Annual Growth Rate | 5.51% |
| 5-Year Change | 2.23% |
| 10-Year Change | N/A |
| Growth Volatility | 23.44 |
Cathay Financial Holding Co Ltd Pref A - Net Assets Trend (2017–2025)
This chart illustrates how Cathay Financial Holding Co Ltd Pref A's net assets have evolved over time, based on quarterly financial data. See 2882A days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cathay Financial Holding Co Ltd Pref A (2017–2025)
The table below shows the annual net assets of Cathay Financial Holding Co Ltd Pref A from 2017 to 2025. For live valuation and market cap data, see market value of Cathay Financial Holding Co Ltd Pref A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | NT$934.39 Billion ≈ $29.44 Billion |
+3.07% |
| 2024-12-31 | NT$906.53 Billion ≈ $28.56 Billion |
+13.11% |
| 2023-12-31 | NT$801.45 Billion ≈ $25.25 Billion |
+31.02% |
| 2022-12-31 | NT$611.71 Billion ≈ $19.27 Billion |
-33.08% |
| 2021-12-31 | NT$914.04 Billion ≈ $28.80 Billion |
+1.02% |
| 2020-12-31 | NT$904.78 Billion ≈ $28.51 Billion |
+15.70% |
| 2019-12-31 | NT$782.03 Billion ≈ $24.64 Billion |
+47.75% |
| 2018-12-31 | NT$529.29 Billion ≈ $16.68 Billion |
-13.01% |
| 2017-12-31 | NT$608.47 Billion ≈ $19.17 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Cathay Financial Holding Co Ltd Pref A'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 decreased by 55.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$126.38 Billion | 13.61% |
| Other Components | NT$801.90 Billion | 86.39% |
| Total Equity | NT$928.29 Billion | 100.00% |
Cathay Financial Holding Co Ltd Pref A Competitors by Market Cap
The table below lists competitors of Cathay Financial Holding Co Ltd Pref A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Texas Pacific Land Corporation
NYSE:TPL
|
$24.45 Billion |
|
Hydro One Ltd
TO:H
|
$24.47 Billion |
|
American Water Works
NYSE:AWK
|
$24.48 Billion |
|
Workday Inc
NASDAQ:WDAY
|
$24.49 Billion |
|
Regions Financial Corporation
NYSE:RF
|
$24.41 Billion |
|
Hyundai Electric & Energy Systems Co Ltd
KO:267260
|
$24.39 Billion |
|
Hindalco Industries Limited
NSE:HINDALCO
|
$24.37 Billion |
|
Zhejiang Sanhua Co Ltd
SHE:002050
|
$24.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathay Financial Holding Co Ltd Pref A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 888,691,521,000 to 928,286,508,000, a change of 39,594,987,000 (4.5%).
- Net income of 107,141,920,000 contributed positively to equity growth.
- Dividend payments of 54,938,151,000 reduced retained earnings.
- Other factors decreased equity by 12,608,782,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$107.14 Billion | +11.54% |
| Dividends Paid | NT$54.94 Billion | -5.92% |
| Other Changes | NT$-12.61 Billion | -1.36% |
| Total Change | NT$- | 4.46% |
Book Value vs Market Value Analysis
This analysis compares Cathay Financial Holding Co Ltd Pref A'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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.31x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$47.47 | NT$62.00 | x |
| 2018-12-31 | NT$41.18 | NT$62.00 | x |
| 2019-12-31 | NT$58.60 | NT$62.00 | x |
| 2020-12-31 | NT$67.81 | NT$62.00 | x |
| 2021-12-31 | NT$68.50 | NT$62.00 | x |
| 2022-12-31 | NT$40.82 | NT$62.00 | x |
| 2023-12-31 | NT$53.72 | NT$62.00 | x |
| 2024-12-31 | NT$60.58 | NT$62.00 | x |
| 2025-12-31 | NT$63.28 | NT$62.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathay Financial Holding Co Ltd Pref A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.61%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 15.45x
- Recent ROE (11.54%) is above the historical average (9.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 9.40% | 9.65% | 0.07x | 14.76x | NT$-3.60 Billion |
| 2018 | 9.90% | 10.86% | 0.05x | 17.75x | NT$-505.89 Million |
| 2019 | 8.13% | 11.34% | 0.05x | 13.04x | NT$-14.42 Billion |
| 2020 | 8.35% | 11.58% | 0.06x | 12.26x | NT$-14.73 Billion |
| 2021 | 15.47% | 22.44% | 0.05x | 12.85x | NT$49.31 Billion |
| 2022 | 6.24% | 9.83% | 0.03x | 20.16x | NT$-22.52 Billion |
| 2023 | 6.46% | 19.20% | 0.02x | 16.26x | NT$-27.88 Billion |
| 2024 | 12.41% | 30.55% | 0.03x | 15.49x | NT$21.40 Billion |
| 2025 | 11.54% | 25.61% | 0.03x | 15.45x | NT$14.31 Billion |
Industry Comparison
This section compares Cathay Financial Holding Co Ltd Pref A's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $299,204,347,125
- Average return on equity (ROE) among peers: 8.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathay Financial Holding Co Ltd Pref A (2882A) | NT$934.39 Billion | 9.40% | 14.35x | $24.41 Billion |
| Mercuries Life Insurance Co Ltd (2867) | $26.09 Billion | 9.25% | 29.76x | $1.60 Billion |
| Fubon Financial Holding Co Ltd (2881) | $488.77 Billion | 11.07% | 13.16x | $58.34 Billion |
| Fubon Financial Holding Co Ltd Pref (2881A) | $997.81 Billion | 12.12% | 11.90x | $20.60 Billion |
| Fubon Financial Holding Co Ltd Pref B (2881B) | $573.61 Billion | 8.18% | 17.46x | $20.18 Billion |
| Cathay Financial Holding Co Ltd (2882) | $110.90 Billion | 11.80% | 17.81x | $52.46 Billion |
| China Development Financial Holding Corp (2883) | $165.84 Billion | 3.03% | 1.95x | $15.99 Billion |
| Shin Kong Financial Holding Co Ltd (2888) | $18.26 Billion | 0.00% | 32.29x | $6.58 Billion |
| Mercuries & Associates Holding Ltd (2905) | $12.36 Billion | 8.81% | 41.05x | $511.03 Million |
About Cathay Financial Holding Co Ltd Pref A
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