L&G E Fund MSCI China A UCITS ETF (CASH) Stock

L&G E Fund MSCI China A UCITS ETF (CASH) is a Financials stock trading at $83.94 (as of 2026-08-20), with a market capitalization of $1.74B and a trailing P/E of 9.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Pathward Financial, Inc. operates as the holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts. It also provides commercial finance product comprising term lending, asset based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; consumer credit products; other consumer financing services; short-term taxpayer advance loans; and warehouse financing services. In addition, the company issues prepaid cards and consumer credit products; sponsors merchant acquiring and automated teller machines (ATMs) in various debit networks; and offers tax refund-transfer services, and other payment industry products and services. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is headquartered in Sioux Falls, South Dakota.

Understand L&G E Fund MSCI China A UCITS ETF: how it makes money

Pathward Financial, Inc. provides banking products and services in the United States, earning money primarily by originating and holding loans and by taking in customer deposits that fund its lending activities, alongside managing credit performance on its loan portfolio.

For a bank, the profit engine is the spread between what it earns on its loan portfolio (supported by loans and deposit funding) and what it must reserve and absorb when credit quality weakens, which is reflected in metrics like nonperforming assets and allowance for credit losses.

Business quality (Strong): Data quality is mixed. The dataset identifies CASH as an MSCI China A ETF, but the business description and banking segment information provided relate to Pathward Financial, Inc. Also, segment revenue breakdown is not provided, so drivers by line of business cannot be quantified.

Valuation: At 10× earnings, CASH trades 21% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Funding base and liquidity support lending: Deposits Held on the Balance Sheet are 5.9 USD_B and Available Liquidity is 2.7 USD_B as of 2026-03-31.
  • Credit loss coverage is measured: Allowance for Credit Losses Coverage Ratio is 1.22 percent as of 2026-03-31, indicating the company reports an allowance coverage measure against credit risk.
  • Ongoing loan activity is reported: Commercial Finance Loan Originations are 0.37 USD_B and Consumer Finance Loan Originations are 0.94 USD_B as of 2026-03-31.

Bear case

  • Some credit quality stress exists: Nonperforming Assets are 0.12 USD_B, and Nonperforming Loans and Leases are 0.11 USD_B as of 2026-03-31.
  • Potential pressure through credit costs: Allowance for Credit Losses is 0.1 USD_B, with Annualized Net Charge-Off Rate of 0.52 percent as of 2026-03-31, which can rise if credit worsens.
  • Segment drivers are not quantified in the provided data: No reportable segment revenue breakdown is provided, so it is not possible to assess which segment is driving operating margin or credit outcomes using the given inputs.
Valuation — source: SEC EDGAR (first-party)
Price$83.94
Market Cap$1.74B
P/E Ratio9.9
EV / EBITDA6.9
Price / Book2.05
Price / Sales2.11
Dividend Yield0.3%
FCF Yield39.2%
DCF Value (model)$185.90
DCF Upside vs Price121.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$839.89M
Net Margin22.1%
Return on Equity20.7%
Debt / Equity0.24
Revenue Growth (YoY)-3.1%
EPS Growth (YoY)-25.1%
FCF Growth (YoY)75.4%
Valuation vs Sector & Industry
Stock P/E9.9
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-34.5%
vs Industry-23.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($281.94M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOBrett L. Pharr
Employees1,155
CountryUS
IPO Date1993-09-20

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CASH earnings history · CASH institutional & insider holders · CASH KPIs & operating metrics · CASH financials · CASH investor presentations & press releases · CASH SEC filings · CASH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.