Cathay Financial Holding Co., Ltd. Financial Ratios — CHYFF

Profitability (TWD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	9.62	13.1	26.55	28.75	30.48	24.45	26.59	23.07	30.53	30.37	39.82	9.62	17.75	35.74	30.92
Return on Assets (%)	0.23	0.3	0.65	0.75	0.79	0.61	0.66	0.57	0.65	0.71	1.24	0.32	0.41	0.83	0.76
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	6.83	9.42	7.98	8.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	110.6	8.26	13.81	12.03	9.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	110.6	8.26	13.81	12.03	9.32	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	-6.92	313.52	-5,057.43	109.71	-10.02	-2.82	-111.34	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	3.94	4.16	11.12	13.76	15.25	9.32	10.22	11.74	12.75	12.8	25.95	13.15	22.36	35.14	27.01
Profit Margin (%)	4.56	4.27	9.82	12.12	13.07	8.85	9.65	10.87	11.34	11.7	22.7	9.83	19.2	30.55	25.61
Net Income to Common Margin (%)	4.56	4.27	9.82	12.12	13.07	8.85	9.65	10.87	11.34	11.7	22.7	9.83	19.2	30.55	25.61
Effective Tax Rate (%)	- -	- -	11.17	11.46	13.78	4.27	4.97	6.79	9.49	6.93	11.68	24	11.36	13.11	4.73
Dvd Payout Ratio (%)	53.26	31.3	19.53	35.97	44.05	52.05	44.78	63.84	33.12	38.44	25.53	128.31	31.22	29.45	50.81
Sustainable Growth Rate (%)	4.5	9	21.36	18.41	17.05	11.73	14.68	8.34	20.42	18.69	29.65	-2.72	12.21	25.22	15.21

Credit (TWD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	84,744	95,371	102,467	134,404	107,478	93,566	150,259	153,926	187,841	202,989	221,661	238,032	285,488	400,397	441,883
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	84,744	95,371	102,467	134,404	107,478	93,566	150,259	153,926	187,841	202,989	221,661	238,032	285,488	400,397	441,883
Total Debt/EBITDA	- -	0.23	3.22	2.39	2.03	1.86	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	-1.01	-15.2	-10.42	-5.51	-5.34	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	0.23	3.22	2.39	2.03	1.86	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	-1.01	-15.2	-10.42	-5.51	-5.34	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.32	2.32	2.54	2.69	2.52	2.44	2.54	2.4	1.89	2.75	3.45	3.12	1.54	3.05	1.9
Long-Term Debt/Equity (%)	38.63	38.43	26.86	30.61	23.31	17.66	24.69	29.08	24.02	22.44	24.25	38.91	35.62	44.17	47.29
Long-Term Debt/Capital (%)	40.97	42	38.88	41.15	35.32	30.47	38.24	38.48	46.57	38.2	34.18	37	55.85	46.91	60.01
Long-Term Debt/Total Assets (%)	1.67	1.73	1.66	1.94	1.42	1.15	1.7	1.67	1.87	1.85	1.91	1.97	2.23	2.91	3.08
Total Debt/Equity (%)	38.63	38.43	26.86	30.61	23.31	17.66	24.69	29.08	24.02	22.44	24.25	38.91	35.62	44.17	47.29
Total Debt/Capital (%)	40.97	42	38.88	41.15	35.32	30.47	38.24	38.48	46.57	38.2	34.18	37	55.85	46.91	60.01
Total Debt/Total Assets (%)	1.67	1.73	1.66	1.94	1.42	1.15	1.7	1.67	1.87	1.85	1.91	1.97	2.23	2.91	3.08
Net Debt to Equity	-198.3	-170.33	-126.77	-133.52	-63.32	-50.56	-60.89	-58.72	-67.05	-73.63	-76.82	-110.89	-82.05	-70.26	-84.62
Net Debt/Capital (%)	190.65	216.09	219.78	225.78	-2,362.89	-683.69	-1,653.65	-348.42	433.26	493.92	1,307.69	1,933.71	449.01	-293.91	1,456.28
EBITDA	- -	417,375	31,814	56,243	52,945	50,185	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	-1,085	412,680	29,619	54,631	51,306	45,443	-4,413	-3,894	-3,213	-2,883	-3,462	-4,923	-5,180	-5,939	-5,331
Operating Income (Loss)	- -	417,375	31,814	56,243	52,945	50,185	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (TWD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.32	2.32	2.54	2.69	2.52	2.44	2.54	2.4	1.89	2.75	3.45	3.12	1.54	3.05	1.9
Long-Term Debt/Equity (%)	38.63	38.43	26.86	30.61	23.31	17.66	24.69	29.08	24.02	22.44	24.25	38.91	35.62	44.17	47.29
Long-Term Debt/Capital (%)	40.97	42	38.88	41.15	35.32	30.47	38.24	38.48	46.57	38.2	34.18	37	55.85	46.91	60.01
Long-Term Debt/Total Assets (%)	1.67	1.73	1.66	1.94	1.42	1.15	1.7	1.67	1.87	1.85	1.91	1.97	2.23	2.91	3.08
Total Debt/Equity (%)	38.63	38.43	26.86	30.61	23.31	17.66	24.69	29.08	24.02	22.44	24.25	38.91	35.62	44.17	47.29
Total Debt/Capital (%)	40.97	42	38.88	41.15	35.32	30.47	38.24	38.48	46.57	38.2	34.18	37	55.85	46.91	60.01
Total Debt/Total Assets (%)	1.67	1.73	1.66	1.94	1.42	1.15	1.7	1.67	1.87	1.85	1.91	1.97	2.23	2.91	3.08
CFO/Total Liabilities	6.38	4.08	0.89	2.38	-2.94	-0.42	1.48	-1	1.84	1.95	0.68	-0.23	-0.49	-0.72	1.4
CFO/CapEx	285.79	45.75	23.59	95.88	-127.56	-6.76	27.56	-22.22	53.17	68.06	20.94	-5.33	-11.44	-15.51	35.32
Altman's Z-Score	0.05	0.32	0.09	0.1	0.14	0.14	0.12	0.1	0.1	0.11	0.12	0.09	0.06	0.09	0.07

Working Capital (TWD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (TWD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	528,467	520,569	476,170	487,774	560,859	550,422	534,918	591,540	666,141	704,704	673,499
- Cash & Cash Equivalents	434,965	422,667	483,611	586,296	291,950	267,854	370,519	310,799	524,351	666,220	702,182	678,336	657,601	636,920	790,689
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	8,333	8,333	15,333	15,333	15,333	15,333	15,333	15,333	15,333	15,333
+ Minority/Non Controlling Interest	4,051	3,752	4,180	5,640	6,005	6,499	9,403	9,558	10,280	11,714	12,001	12,868	13,391	17,835	6,102
+ Total Debt	84,744	95,371	102,467	134,404	107,478	93,566	150,259	153,926	187,841	202,989	221,661	238,032	285,488	400,397	441,883
Enterprise Value	-346,170	-323,545	-376,964	-446,252	350,000	361,113	273,647	355,791	249,962	114,238	81,730	179,436	322,752	501,349	346,128
Total Capital	206,819	227,067	263,571	326,616	304,305	307,032	392,925	400,002	403,327	531,335	648,485	643,257	511,145	853,627	736,393
Total Debt/Capital (%)	40.97	42	38.88	41.15	35.32	30.47	38.24	38.48	46.57	38.2	34.18	37	55.85	46.91	60.01
Total Debt / EV	-0.24	-0.29	-0.27	-0.3	0.31	0.26	0.55	0.43	0.75	1.78	2.71	1.33	0.88	0.8	1.28
EV/Sales	- -	- -	- -	- -	0.8	0.67	0.47	0.75	0.45	0.18	0.13	0.47	1.22	1.39	0.83
EV/EBITDA	- -	- -	- -	- -	6.61	7.2	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	6.61	7.2	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	2.25	- -	1.46	0.58	1.13	- -	- -	- -	1.84
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	2.17	- -	1.44	0.57	1.08	- -	- -	- -	1.79
Diluted Market Cap	- -	- -	- -	- -	528,467	520,569	476,170	487,774	560,859	550,422	534,918	591,540	666,141	704,704	673,499
Diluted Enterprise Value	-346,170	-323,545	-376,964	-446,252	350,000	361,113	273,647	355,791	249,962	114,238	81,730	179,436	322,752	501,349	346,128
EV per Share	- -	- -	- -	- -	273.04	281.71	213.48	278.83	195.04	85.41	61.96	136.04	220.02	341.77	235.96
TTM Sales	244,251	377,377	385,001	407,268	440,189	538,210	583,286	473,459	553,505	637,379	614,660	379,888	265,227	360,932	418,298
TTM EBITDA	- -	417,375	31,814	56,243	52,945	50,185	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	417,375	31,814	56,243	52,945	50,185	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	310,226	214,814	51,784	154,556	-208,976	-32,067	121,639	-86,526	170,846	196,186	72,516	-26,255	-59,250	-92,142	188,257
TTM Free Cash Flow to Firm	311,312	219,509	53,979	156,168	-207,337	-27,326	126,052	-82,632	174,059	199,069	75,978	-21,332	-54,069	-86,203	193,588

Multiples (TWD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	-2.55	-19.05	3.78	-5.9	3.22	2.76	7.04	-27.73	-12.32	-8.17	3.48
EV/EBIT	- -	- -	- -	- -	6.61	7.2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-346,170	-323,545	-376,964	-446,252	350,000	361,113	273,647	355,791	249,962	114,238	81,730	179,436	322,752	501,349	346,128
Low Price	- -	- -	- -	- -	380.87	387.84	371.47	362	376.51	411.09	403.12	402.89	435.39	473.71	423.79
EV/Sales	- -	- -	- -	- -	0.8	0.67	0.47	0.75	0.45	0.18	0.13	0.47	1.22	1.39	0.83
EV/EBITDA	- -	- -	- -	- -	6.61	7.2	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	9.19	10.93	8.46	9.48	8.94	7.38	3.83	15.83	13.08	6.39	6.29
Price/Earnings Average	- -	- -	- -	- -	8.88	10.86	8.66	9.35	7.91	7.73	3.86	15.4	12.89	6.34	6.17
Price/Earnings High	- -	- -	- -	- -	9.58	11.37	9.2	9.65	9	8	3.96	16.7	13.09	6.39	6.63
Price/Earnings Low	- -	- -	- -	- -	8.49	10.44	8.46	8.98	7.69	7.37	3.81	14.22	12.54	6.3	5.8
Price/Book Value	- -	- -	- -	- -	2.77	2.62	2.12	2.21	2.95	1.83	1.34	1.57	3.38	1.68	2.47
Price/Book Value Average	- -	- -	- -	- -	2.68	2.6	2.17	2.18	2.62	1.91	1.35	1.53	3.33	1.66	2.42
Price/Book Value High	- -	- -	- -	- -	2.89	2.73	2.3	2.25	2.98	1.98	1.38	1.65	3.38	1.68	2.6
Price/Book Value Low	- -	- -	- -	- -	2.56	2.5	2.12	2.09	2.54	1.82	1.33	1.41	3.24	1.65	2.28
Price/Tangible Book Value	- -	- -	- -	- -	1.31	1.12	0.87	1.06	0.78	0.66	0.63	1.09	0.9	0.82	0.76
Price/Tangible Book Value Average	- -	- -	- -	- -	1.26	1.12	0.9	1.05	0.69	0.69	0.64	1.06	0.89	0.81	0.74
Price/Tangible Book Value High	- -	- -	- -	- -	1.36	1.17	0.95	1.08	0.79	0.71	0.65	1.15	0.91	0.82	0.8
Price/Tangible Book Value Low	- -	- -	- -	- -	1.21	1.07	0.87	1	0.67	0.66	0.63	0.98	0.87	0.81	0.7
Price/Sales	- -	- -	- -	- -	1.2	0.97	0.82	1.03	1.01	0.86	0.87	1.56	2.51	1.95	1.61
Price/Sales Average	- -	- -	- -	- -	1.16	0.96	0.84	1.02	0.9	0.9	0.88	1.51	2.47	1.94	1.58
Price/Sales High	- -	- -	- -	- -	1.25	1.01	0.89	1.05	1.02	0.94	0.9	1.64	2.51	1.95	1.7
Price/Sales Low	- -	- -	- -	- -	1.11	0.92	0.82	0.98	0.87	0.86	0.87	1.4	2.41	1.93	1.49
Price/Cash Flow	- -	- -	- -	- -	-2.53	-16.23	3.91	-5.64	3.28	2.81	7.38	-22.53	-11.24	-7.65	3.58
Price/Cash Flow Average	- -	- -	- -	- -	-2.44	-16.12	4.01	-5.56	2.91	2.94	7.44	-21.92	-11.08	-7.59	3.51
Price/Cash Flow High	- -	- -	- -	- -	-2.64	-16.89	4.26	-5.74	3.31	3.04	7.63	-23.76	-11.25	-7.65	3.78
Price/Cash Flow Low	- -	- -	- -	- -	-2.34	-15.5	3.91	-5.34	2.82	2.8	7.33	-20.24	-10.78	-7.54	3.3
Price/Free Cash Flow Average	- -	- -	- -	- -	-2.46	-18.92	3.87	-5.82	2.85	2.9	7.1	-26.98	-12.14	-8.11	3.41
Price/Free Cash Flow High	- -	- -	- -	- -	-2.66	-19.82	4.11	-6.01	3.25	3	7.28	-29.25	-12.33	-8.18	3.67
Price/Free Cash Flow Low	- -	- -	- -	- -	-2.35	-18.19	3.78	-5.59	2.77	2.76	7	-24.91	-11.81	-8.06	3.21
EV/Sales Average	- -	- -	- -	- -	0.75	0.66	0.49	0.74	0.34	0.22	0.14	0.43	1.18	1.37	0.8
EV/Sales High	- -	- -	- -	- -	0.85	0.71	0.54	0.77	0.46	0.25	0.16	0.56	1.22	1.39	0.92
EV/Sales Low	- -	- -	- -	- -	0.7	0.63	0.47	0.7	0.31	0.18	0.13	0.31	1.11	1.36	0.7
EV/EBITDA Average	- -	-0.78	-11.85	-7.93	6.27	7.12	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	-0.78	-11.85	-7.93	7.04	7.61	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	-0.78	-11.85	-7.93	5.85	6.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	-0.78	-11.85	-7.93	6.27	7.12	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	-0.78	-11.85	-7.93	7.04	7.61	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	-0.78	-11.85	-7.93	5.85	6.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	412.27	406.11	371.47	382.26	437.63	411.51	405.56	448.48	454.11	480.4	459.12
High Price	- -	- -	- -	- -	430.04	422.44	404.27	389.41	440.93	446.05	419.32	473	454.39	480.46	484.57
Enterprise Value Average	-346,170	-323,545	-376,964	-446,252	332,096	357,491	285,293	349,189	185,669	140,159	86,024	163,352	312,936	495,940	333,383
Enterprise Value High	-346,170	-323,545	-376,964	-446,252	372,775	382,048	315,689	364,908	254,188	160,438	99,883	211,777	323,166	501,442	383,448
Enterprise Value Low	-346,170	-323,545	-376,964	-446,252	309,745	337,693	273,647	329,940	171,626	113,681	78,517	119,293	295,295	491,537	294,292

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	12,502	12,261	12,818	12,818	12,818	12,818	12,818	12,818	13,376	13,376	13,376	14,669	14,669	14,669	14,669
Diluted Weighted Avg Shares	1,243	1,224	1,237	1,282	1,282	1,282	1,282	1,276	1,282	1,338	1,319	1,319	1,467	1,467	1,467
Basic Weighted Avg Shares	1,243	1,224	1,237	1,282	1,282	1,282	1,282	1,276	1,282	1,338	1,319	1,319	1,467	1,467	1,467
Revenue per Share	196.56	308.19	311.24	317.72	343.4	419.87	455.03	371.04	431.89	476.52	466.01	288.02	180.81	246.05	285.15
EBITDA per Share	- -	340.86	25.72	43.88	41.3	39.15	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	340.86	25.72	43.88	41.3	39.15	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	8.96	13.16	30.57	38.51	44.87	37.15	43.93	40.33	48.97	55.76	105.77	28.32	34.72	75.17	73.04
Basic EPS from Cont Ops	9.08	13.21	30.74	38.72	45.16	37.48	44.21	40.61	49.83	56.79	106.82	28.78	35.84	75.13	73.37
Diluted EPS, GAAP	8.96	13.16	30.57	38.51	44.87	37.15	43.93	40.33	48.97	55.76	105.77	28.32	34.72	75.17	73.04
Diluted EPS from Cont Ops	9.08	13.21	30.74	38.72	45.16	37.48	44.21	40.61	49.83	56.79	106.82	28.78	35.84	75.13	73.37
Dividend per Share	4.9	4.15	6.04	14	20.02	19.68	19.93	26.1	16.79	22.23	27.53	37.52	11.31	22.32	37.45
Cash Flow per Share	249.65	175.43	41.86	120.57	-163.03	-25.02	94.89	-67.81	133.31	146.67	54.98	-19.91	-40.39	-62.81	128.33
Free Cash Flow per Basic Share	248.78	171.6	40.09	119.31	-164.3	-28.71	91.45	-70.86	130.8	144.52	52.35	-23.64	-43.92	-66.86	124.7
Cash & Equivalents per Share	350.03	345.18	390.95	457.38	227.76	208.96	289.05	243.57	409.14	498.08	532.37	514.29	448.29	434.19	539.01
Book Value per Share	94.98	104.49	126.86	145.55	148.86	154.96	175.47	173.34	148.16	225.26	302.88	285.85	134.25	286.36	186.16
Tangible Book Value per Share	169	194.98	300.94	335.33	315.26	361.11	424.65	360.6	558.23	624.6	642.29	413	502.03	584.93	605.06

Cathay Financial Holding Co., Ltd.

Profitability (TWD)

Credit (TWD)

Liquidity (TWD)

Working Capital (TWD)

Enterprise Value (TWD)

Multiples (TWD)

Per Share Data Items (TWD)