EN DE

Cathay Financial Holding (2882) Fair Value & Analysis

Financial Services · TW · Market cap 1.4T TWD

CF Cathay Financial Holding 2882 · TW
Price101.50 TWD
Fair Value90.27 TWD
Upside-11.1%
Quality54/100
Watch Cathay Financial Holding for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 7.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/15)
Moderate moat 58/100
Evidence: High Range 67.70 TWD – 112.84 TWD Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 94.95 TWD to 90.27 TWD (−4.9%) since Jul 20, 2026. Share price +5.1% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from 67.70 TWD (bear) to 112.84 TWD (bull), base 90.27 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 54/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

111.52 TWD 31.19 TWD Fair Value 90.27 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 31.19 TWD – 111.52 TWD · fair‑value band 67.70 TWD – 112.84 TWD · the 101.50 TWD price screens above the 90.27 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Cathay Financial Holding (2882) currently trades at 101.50 TWD, while our model-based Fair Value estimate is 90.27 TWD, implying the stock looks roughly 11.1% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Cathay Financial Holding generated revenue of 813B TWD at a net margin of 7.7%. Revenue grew 94.2% year over year. It earns a return on equity of 11.7%. The balance sheet holds a net cash position of 335B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 67.70 TWD (bear case) to 112.84 TWD (bull case); at 101.50 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -5% fair-value upside, at -11%, 2882 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Residual Income 58.98 TWD 69.22 TWD 130.48 TWD 76
Gordon GGM 36.02 TWD 78.65 TWD 132.33 TWD 70
P/E Multiple 71.21 TWD 94.95 TWD 118.69 TWD 63
All 6 models by family
Dividend Discount
Gordon GGM 36.02 TWD 78.65 TWD 132.33 TWD 70
DDM Multi-Stage 36.02 TWD 64.43 TWD 81.96 TWD 61
Multiples
P/E Multiple 71.21 TWD 94.95 TWD 118.69 TWD 63
P/B Multiple 66.45 TWD 88.59 TWD 110.74 TWD 55
Asset-Based
NCAV (Graham) 31.64 TWD 42.40 TWD 63.28 TWD 50
Economic Profit
Residual Income 58.98 TWD 69.22 TWD 130.48 TWD 76

Widest divergence: Multiples (88.59 TWD) versus Asset-Based (42.40 TWD). Highest evidence: Residual Income (76).

Notify me when 2882 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 813B TWD
Revenue growth (YoY) +94.2%
Net margin 7.7%
Return on equity 11.7%
Free cash flow 223B TWD FY2025
P/E ratio 14.4
More key figures
Operating margin 36.4%
EPS (TTM) 7.06 TWD
EPS growth (YoY) -1.5%
Net cash 335B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 51 · Market factors (momentum, volatility) 88

Profitability 26
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cathay Financial Holding reported revenue of 1.1T TWD in FY2025 versus 615B TWD in FY2021, a compound +14.6%/yr. Reported net income was 107B TWD in FY2025, compounding −6.4%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.1T TWD
Latest YoY
+193.3%
Avg. growth/yr (3Y) 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.
+40.7%
Avg. growth/yr (5Y) 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.
+10.7%
Avg. growth/yr (24Y) 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.
+5.8%
Revenue +14.6%/yr
FY21 615B TWD
FY22 380B TWD
FY23 274B TWD
FY24 361B TWD
FY25 1.1T TWD
Net income −6.4%/yr
FY21 140B TWD
FY22 37.4B TWD
FY23 50.9B TWD
FY24 110B TWD
FY25 107B TWD
Character of growth · EPS growth decomposed (2014-2025) +4.6 % p.a.
Revenue per share +0.6 pp

of which total revenue +2.3 pp · buybacks/dilution −1.6 pp

EBIT margin −13.6 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +17.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

2882 screens 11% overvalued. Compare with China Life Insurance Company →

Share or link this analysis
For bloggers & editors: embed code + live data

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 Fair Value". https://www.fairvalue-calculator.com/stock/2882

Peer Group

Insurance - Life · 96 stocks

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.

Quality Score 54 · Above median
Fair Value upside −11% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 2% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 36% · Top 25%
Revenue growth 94% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.22× · Lower than median

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 14.4× · Pricier than median
P/B 1.49× · Pricier than median
P/S (TTM) 1.70× · Pricier than median
P/FCF 0.2× · Cheaper than median
EV/EBITDA 10.7× · Pricier than median
PEG 2.83× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 19 · sector 26
FUTURE 100 · sector 44
PAST 47 · sector 43
HEALTH 89 · sector 85
DIVIDEND 0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥37.33 ¥49.98 +34%
Ping An Insurance (Group) Company 601318 ¥52.60 ¥84.72 +61%
Manulife Financial Corporation 0945 HK$343.40 HK$143.17 -58%
Life Insurance Corporation LICI ₹412.15 ₹392.93 -5%
Samsung Life Insurance Co 032830 302,500 KRW 191,293 KRW -37%
China Pacific Insurance (Group) Co 601601 ¥30.48 ¥57.51 +89%
Prudential plc PUKN 545.00 MXN 499.36 MXN -8%
New China Life Insurance Company 601336 ¥58.83 ¥99.92 +70%
SBI Life Insurance Company SBILIFE ₹1,830 ₹293.11 -84%
KGI Financial Holding 2883 31.50 TWD 24.33 TWD -23%

Compare Cathay Financial Holding with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Cathay Financial Holding (2882) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 90.27 TWD versus a price of 101.50 TWD, about −11% (overvalued).
What is the fair value of 2882?
Our model-based fair value for Cathay Financial Holding is 90.27 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 101.50 TWD.
What is the quality score of 2882?
Cathay Financial Holding has a Quality Score of 54/100. 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 revenue of Cathay Financial Holding (2882)?
Cathay Financial Holding reported trailing-twelve-month revenue of about 813B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2882?
The net profit margin of Cathay Financial Holding is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Cathay Financial Holding and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.