Company Valuation: PICC Property and Casualty Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 115,428 145,793 187,363 256,252 327,002 326,817 - -
Change - 26.31% 28.51% 36.77% 27.61% -0.06% - -
Enterprise Value (EV) 1 106,072 132,640 179,202 257,315 315,805 337,595 338,393 338,959
Change - 25.05% 35.1% 43.59% 22.73% 6.9% 0.24% 0.17%
P/E 5.16x 5.46x 7.62x 7.97x 8.1x 8.34x 7.68x 7.02x
PBR 0.57x 0.69x 0.81x 0.99x 1.14x 1.07x 1.02x 0.96x
PEG - 0.3x -0.95x 0.3x 0.3x -2.86x 0.89x 0.75x
Capitalization / Revenue 0.29x 0.34x - 0.48x 0.64x 0.6x 0.58x 0.56x
EV / Revenue 0.27x 0.31x - 0.48x 0.62x 0.62x 0.6x 0.58x
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.461 0.478 0.489 0.54 0.68 0.6928 0.7351 0.7966
Rate of return 8.88% 7.29% 5.81% 4.69% 4.63% 4.72% 5% 5.42%
EPS 2 1.005 1.201 1.105 1.446 1.815 1.762 1.914 2.093
Distribution rate 45.9% 39.8% 44.3% 37.3% 37.5% 39.3% 38.4% 38.1%
Net sales 1 396,997 425,480 - 538,055 511,594 540,614 563,266 588,368
EBITDA - - - - - - - -
EBIT 27,561 31,924 29,186 39,208 48,677 - - -
Net income 1 22,360 26,708 24,585 32,173 40,370 37,903 42,364 46,110
Net Debt 1 -9,356 -13,153 -8,161 1,063 -11,197 10,778 11,576 12,141
Reference price 2 5.19 6.55 8.42 11.52 14.70 14.69 14.69 14.69
Nbr of stocks (in thousands) 22,242,765 22,242,765 22,242,765 22,242,765 22,242,765 22,242,765 - -
Announcement Date 3/25/22 3/24/23 3/26/24 3/27/25 3/26/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.34x0.62x - 4.72% 48.94B
12.25x - - 4.25% 132B
16.31x2.01x - 2.9% 103B
10.91x - - 1.23% 80.99B
6.7x - - 1.7% 63.05B
11.52x1.14x - 3.48% 44.88B
4.58x0.56x - 5.12% 44.56B
10.22x - - 0.83% 42.37B
11.55x - - 2.5% 40.31B
11.05x0.78x - 2.98% 38.02B
Average 10.34x 1.02x 2.97% 63.76B
Weighted average by Cap. 11.05x 1.23x 3.03%

Y-o-Y evolution of P/E

Valuation ratios - P/E - PICC Property and Casualty Company Limited

Historical PBR trend

Valuation ratios - PBR - PICC Property and Casualty Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - PICC Property and Casualty Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - PICC Property and Casualty Company Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - PICC Property and Casualty Company Limited
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