PICC Property and Casualty Co Ltd ADR PPCCY

Morningstar Rating

$29.33 +0.40 (1.37%)

As of Nov 27, 2023 5:49pm Delayed Price Closed

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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

View History

PPCCY is trading at a 16% discount.

Price

$29.24

Nov 27, 2023

Fair Value

$97.28

Nov 27, 2023

Uncertainty

Very High

1-Star Price: $39.80
5-Star Price: $61.43
Economic Moat: Hhrm
Capital Allocation: —

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Trading Information

Previous Close Price: $28.93
Day Range: $29.33–29.33
52-Week Range: $21.82–33.09
Bid/Ask: $29.55 / $30.07
Market Cap: $26.09 Bil
Volume/Avg: 131 / 1,989

Key Statistics

Price/Earnings (Normalized): 6.68
Price/Sales: 0.39
Dividend Yield: 5.73%
Dividend Yield (Forward): 5.73%
Total Yield: 5.73%

Company Profile

Headquartered in Beijing, PICC P&C is China’s largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People’s Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

Sector: Financial Services
Industry: Insurance - Property & Casualty
Stock Style Box: Large Value
Total Number of Employees: 163,439
Website: https://property.picc.com

Competitors

Valuation

Metric	PPCCY	601318	601628
Price/Earnings (Normalized)	6.68	7.52	49.55
Price/Book Value	0.84	0.84	1.97
Price/Sales	0.39	0.91	1.05
Price/Cash Flow	—	1.66	2.16

Price/Earnings

PPCCY

601318

601628

Financial Strength

Metric	PPCCY	601318	601628
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	0.63	—

Quick Ratio

No chart available

Profitability

Metric	PPCCY	601318	601628
Return on Assets (Normalized)	2.89%	0.42%	0.88%
Return on Equity (Normalized)	8.84%	5.31%	10.70%
Return on Invested Capital (Normalized)	7.30%	< 0.01%	4.59%

Return on Assets