Company Valuation: China Pacific Insurance (Group) Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 233,457 210,507 202,477 298,999 374,663 287,122 - -
Change - -9.83% -3.81% 47.67% 25.31% -23.37% - -
Enterprise Value (EV) 1 210,907 187,372 181,307 279,928 334,552 346,954 354,603 361,729
Change - -11.16% -3.24% 54.39% 19.51% 3.71% 2.2% 2.01%
P/E 9.72x 9.58x 8.4x 7.3x 7.56x 5.76x 5.65x 5.46x
PBR 1.15x 1.03x 0.92x 1.13x 1.33x 0.87x 0.77x 0.71x
PEG - -1.16x 0.8x 0.1x 0.4x -6.07x 2.71x 1.56x
Capitalization / Revenue 0.69x 0.57x - 0.74x 0.86x 0.69x 0.64x 0.57x
EV / Revenue 0.62x 0.51x - 0.69x 0.77x 0.84x 0.79x 0.72x
EV / EBITDA - - - - - - - -
EV / EBIT 6.16x 6.56x 5.66x 5.02x 5.06x 5.2x 4.8x 4.69x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1 1.02 1.02 1.08 1.15 1.23 1.326 1.369
Rate of return 3.69% 4.16% 4.29% 3.17% 2.74% 3.89% 4.19% 4.33%
EPS 2 2.79 2.56 2.83 4.67 5.54 5.487 5.602 5.798
Distribution rate 35.8% 39.8% 36% 23.1% 20.8% 22.4% 23.7% 23.6%
Net sales 1 339,535 368,878 - 404,089 435,156 413,990 451,057 500,811
EBITDA - - - - - - - -
EBIT 1 34,237 28,555 32,060 55,711 66,174 66,676 73,943 77,077
Net income 1 26,834 24,609 27,257 44,960 53,505 52,781 53,271 55,592
Net Debt 1 -22,550 -23,135 -21,170 -19,071 -40,111 59,832 67,481 74,607
Reference price 2 27.12 24.52 23.78 34.08 41.91 31.63 31.63 31.63
Nbr of stocks (in thousands) 9,620,341 9,620,341 9,620,341 9,620,341 9,620,341 9,620,341 - -
Announcement Date 27/03/22 26/03/23 28/03/24 26/03/25 26/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.42x0.75x - 4.13% 40.06B
6.3x4.89x - 5.69% 132B
10.8x0.96x - 5.57% 105B
13.21x - - 2.8% 99.45B
14.81x - - 3.19% 72.35B
13.61x1.02x - 4.28% 72.31B
17.33x3.4x - 1.96% 63.48B
11.06x - - 2.5% 60.48B
17.5x - - 2.91% 59.5B
17.06x - - 3.33% 45.38B
Average 12.71x 2.20x 3.63% 75B
Weighted average by Cap. 12.18x 2.58x 3.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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