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PICC Property and Casualty Co Ltd Class H 02328

Morningstar Rating
HK$9.31 +0.20 (2.20%)
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Company Report

Price vs Fair Value

02328 is trading at a 215% premium.
Price
HK$9.31
Fair Value
HK$49.00
Uncertainty
High
1-Star Price
HK$46.20
5-Star Price
HK$9.90
Economic Moat
Gvhj
Capital Allocation
Prhkpbyx

Bulls Say, Bears Say

Bulls

PICC P&C boasts a higher-than-peer reserve level, in terms of loss and loss-adjustment reserve accounting as a percentage of net earned premium.

Bears

Increasing competitions in the nonauto P&C insurance business is likely to weigh on PICC P&C's overall underwriting profitability.

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Trading Information

Previous Close Price
HK$9.11
Day Range
HK$9.159.37
52-Week Range
HK$8.0311.54
Bid/Ask
HK$9.31 / HK$9.32
Market Cap
HK$207.08 Bil
Volume/Avg
23.3 Mil / 33.2 Mil

Key Statistics

Price/Earnings (Normalized)
7.61
Price/Sales
0.43
Dividend Yield (Trailing)
5.76%
Dividend Yield (Forward)
5.76%
Total Yield
5.76%

Company Profile

With headquarters 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
164,653

Competitors

Valuation

Metric
02328
06060
601318
Price/Earnings (Normalized)
7.6113.119.12
Price/Book Value
0.810.890.86
Price/Sales
0.430.610.97
Price/Cash Flow
85.293.43
Price/Earnings
02328
06060
601318

Financial Strength

Metric
02328
06060
601318
Quick Ratio
Current Ratio
Interest Coverage
25.369.631.00
Quick Ratio
No chart available

Profitability

Metric
02328
06060
601318
Return on Assets (Normalized)
3.55%0.60%0.94%
Return on Equity (Normalized)
10.83%1.60%11.99%
Return on Invested Capital (Normalized)
9.25%1.86%7.89%
Return on Assets
02328
06060
601318
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