Cathay Financial Holding Co Ltd Pref A (2882A) fair value: what the stock is really worth
We calculate from audited financials what Cathay Financial Holding Co Ltd Pref A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.
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Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally. The company offers consumer banking services, such as deposit and remittance services; and credit services, including secured and unsecured consumer loans, adjustable-rate mortgage, revolving mortgage, and government subsidized mortgage. It also provides corporate banking services, including corporate, sustainable, working capital, capital expenditure, and bill financing; financing for SMEs; loans for six core strategic industries; project lending; syndicated and structured loans; guarantee and acceptance services comprising tender and performance bond, prepayment, loan, promissory note, post-dated check, and medium/long term debt guarantee; trade financing solutions, such as import/export service, supply chain financing, and forfeiting and factoring; and cash management services. In addition, the company offers wealth management solutions; trust business solutions, such as mutual fund and foreign securities service, real estate escrow trust, joint construction trust, urban renewal trust, and real estate inheritance trust; personal trust services, including children's, retirement, insurance, foreign currency money, equity planning, capital contribution, share ownership, dividend transfer, inheritance, and charity trust; corporate trust services, such as employee welfare and escrow trust, and electronic payment service; custodian service for investment trust funds, discretionary investment accounts, foreigners' investments, private equity funds, and investment-linked insurance policies and securities. Further, it offers credit card services; merchant acquiring services; digital banking services through CUBE App and online banking services; and cross-border financial services. The company was founded in 1990 and is headquartered in Taipei, Taiwan.
Stock analysis
Cathay Financial Holding Co Ltd Pref A (2882A) currently trades at 60.20 TWD, while our model-based Fair Value estimate is 107.71 TWD, implying the stock looks roughly 44.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 103.98 TWD per share, and 3 of the 4 models we run sit above the 60.20 TWD price.
Bear case: the Asset-Based group reads lowest at 49.76 TWD, and 1 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: 80.78 TWD (bear) to 134.64 TWD (bull), the price of 60.20 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Cathay Financial Holding Co Ltd Pref A reported revenue of 418B TWD in FY2025 versus 622B TWD in FY2021, a compound −9.4%/yr. Reported net income was 107B TWD in FY2025, compounding −6.4%/yr from FY2021.
Key figures
Market cap 883B TWD (≈ $27.9B) · P/E ratio 7.0 · P/S ratio 1.80 · EPS (TTM) 8.58 TWD · Net margin 25.6% · Return on equity 11.7% · Return on assets 1.6% · Operating margin 36.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −33% fair-value upside, at 79%, 2882A screens cheaper than that median.
Fair Value models
Bear 80.78 TWDFair Value 107.71 TWDBull 134.64 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (6.23 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−8.3%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.1%
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’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.2%
Dividend (yield on the price)0.0%
2025 sits 110% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 8.5%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−3.4%
Yearly sales growth analysts expect, extended to five years.
Compare Cathay Financial Holding Co Ltd Pref A with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Life · 95 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside+79% · Top 25%
Profitability
Return on equity (TTM)12% · Above median
Return on assets2% · Above median
Net margin (TTM)8% · Above median
Operating margin (TTM)36% · Top 25%
Growth and dividend
Revenue growth94% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Insurance - Life median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cathay Financial Holding Co Ltd Pref A Fair Value". https://www.fairvalue-calculator.com/stock/2882A
Frequently asked questions
Is Cathay Financial Holding Co Ltd Pref A (2882A) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 107.71 TWD versus a price of 60.20 TWD, about +79% upside (undervalued).
What is the fair value of 2882A?
Our model-based fair value for Cathay Financial Holding Co Ltd Pref A is 107.71 TWD (as of Sep 18, 2026), built from audited fundamentals. The current price: 60.20 TWD.
What is the quality score of 2882A?
Cathay Financial Holding Co Ltd Pref A has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cathay Financial Holding Co Ltd Pref A (2882A)?
Our model-based price target is the fair value of 107.71 TWD (as of Sep 18, 2026) from 4 valuation models. Cautious scenario 80.78 TWD, optimistic scenario 134.64 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Cathay Financial Holding Co Ltd Pref A stock forecast for 2026?
Our models put fair value at 107.71 TWD, about +79% upside versus a price of 60.20 TWD (undervalued). Cautious scenario 80.78 TWD, optimistic scenario 134.64 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Cathay Financial Holding Co Ltd Pref A (2882A)?
Cathay Financial Holding Co Ltd Pref A reported trailing-twelve-month revenue of about 813B TWD (latest available figure, as of Sep 18, 2026).
What growth is priced into Cathay Financial Holding Co Ltd Pref A (2882A)?
For today's price to be fair in a discounted-cash-flow model, Cathay Financial Holding Co Ltd Pref A would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -8.3 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 2882A use?
Our models discount Cathay Financial Holding Co Ltd Pref A at 8.9 %: a base by market capitalisation (large), damped by beta 0.66, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cathay Financial Holding Co Ltd Pref A that is less than minus 40 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Cathay Financial Holding Co Ltd Pref A (2882A) delivered so far?
Over the past 5 years revenue at Cathay Financial Holding Co Ltd Pref A grew -8.3 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cathay Financial Holding Co Ltd Pref A (2882A) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Cathay Financial Holding Co Ltd Pref A (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cathay Financial Holding Co Ltd Pref A (2882A)?
The free-cash-flow yield on the price is 20.71 %: that much free cash flow Cathay Financial Holding Co Ltd Pref A produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cathay Financial Holding Co Ltd Pref A (2882A)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cathay Financial Holding Co Ltd Pref A it is 107.71 TWD per share (as of Sep 18, 2026), against a price of 60.20 TWD. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Cathay Financial Holding Co Ltd Pref A stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 2882A trades below its calculated fair value: price 60.20 TWD, fair value 107.71 TWD, a gap of about +79% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2882A?
No. The price is what the market pays today (60.20 TWD); the fair value is what the company's own numbers justify (107.71 TWD). For Cathay Financial Holding Co Ltd Pref A the two are 47.51 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Cathay Financial Holding Co Ltd Pref A worth?
The market values Cathay Financial Holding Co Ltd Pref A at about 883B TWD (market capitalisation, as of Sep 18, 2026). Per share that is 60.20 TWD; our models calculate a fair value of 107.71 TWD per share.
What do the bullish and bearish scenarios say about 2882A?
Our models span a range for Cathay Financial Holding Co Ltd Pref A: cautious scenario 80.78 TWD, base 107.71 TWD, optimistic 134.64 TWD per share (as of Sep 18, 2026, price 60.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2882A?
Cathay Financial Holding Co Ltd Pref A trades at a price-to-earnings ratio of 7.0 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 107.71 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6.
How solid is the balance sheet of Cathay Financial Holding Co Ltd Pref A (2882A)?
Balance-sheet figures for Cathay Financial Holding Co Ltd Pref A (as of Sep 18, 2026): return on equity 11.7%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 2882A from its 52-week high?
Cathay Financial Holding Co Ltd Pref A trades at 60.20 TWD, about 4% below its 52-week high of 62.60 TWD and 1% above the low of 59.68 TWD (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 107.71 TWD is for.
Which stocks are comparable to Cathay Financial Holding Co Ltd Pref A?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cathay Financial Holding Co Ltd Pref A stock attractive at the current price?
The data as of Sep 18, 2026: price 60.20 TWD, calculated fair value 107.71 TWD (+79%), Quality Score 65/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2882A calculated?
We run Cathay Financial Holding Co Ltd Pref A through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 107.71 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Cathay Financial Holding Co Ltd Pref A currently trades 79 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cathay Financial Holding Co Ltd Pref A (2882A)?
The closing price on Sep 21, 2026 was 60.20 TWD. Our model-based fair value is 107.71 TWD, about +79% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cathay Financial Holding Co Ltd Pref A right now?
The price is below even our cautious bear case (80.78 TWD). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Cathay Financial Holding Co Ltd Pref A
How large is the market capitalisation of Cathay Financial Holding Co Ltd Pref A (2882A)?
The market capitalisation of Cathay Financial Holding Co Ltd Pref A is 883B TWD (≈ $27.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cathay Financial Holding Co Ltd Pref A (2882A)?
The price-to-sales ratio of Cathay Financial Holding Co Ltd Pref A is 1.80 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cathay Financial Holding Co Ltd Pref A (2882A)?
Earnings per share at Cathay Financial Holding Co Ltd Pref A are 8.58 TWD (price ÷ EPS = P/E 7.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cathay Financial Holding Co Ltd Pref A (2882A)?
The net margin of Cathay Financial Holding Co Ltd Pref A is 25.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cathay Financial Holding Co Ltd Pref A (2882A)?
The return on equity (ROE) of Cathay Financial Holding Co Ltd Pref A is 11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Cathay Financial Holding Co Ltd Pref A (2882A)?
The return on assets (ROA) of Cathay Financial Holding Co Ltd Pref A is 1.6% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Cathay Financial Holding Co Ltd Pref A (2882A)?
The operating margin of Cathay Financial Holding Co Ltd Pref A is 36.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cathay Financial Holding Co Ltd Pref A (2882A)?
Revenue at Cathay Financial Holding Co Ltd Pref A is growing +94.2% versus a year earlier (3y avg +3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cathay Financial Holding Co Ltd Pref A (2882A)?
Earnings per share at Cathay Financial Holding Co Ltd Pref A are growing −1.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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