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 1 115,428 145,793 187,363 256,252 327,002 322,917 - -
Change - 26.31% 28.51% 36.77% 27.61% -1.25% - -
Enterprise Value (EV) 1 106,072 132,640 179,202 257,315 315,805 333,695 334,493 335,059
Change - 25.05% 35.1% 43.59% 22.73% 5.66% 0.24% 0.17%
P/E 5.16x 5.46x 7.62x 7.97x 8.1x 8.17x 7.58x 6.93x
PBR 0.57x 0.69x 0.81x 0.99x 1.14x 1.05x 1x 0.94x
PEG - 0.3x -0.95x 0.3x 0.3x -3.81x 0.97x 0.74x
Capitalization / Revenue 0.29x 0.34x - 0.48x 0.64x 0.6x 0.57x 0.55x
EV / Revenue 0.27x 0.31x - 0.48x 0.62x 0.62x 0.59x 0.57x
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.461 0.478 0.489 0.54 0.68 0.6982 0.7358 0.7975
Rate of return 8.88% 7.29% 5.81% 4.69% 4.63% 4.81% 5.07% 5.49%
EPS 2 1.005 1.201 1.105 1.446 1.815 1.776 1.914 2.094
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 38,205 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 14.52 14.52 14.52
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 25/03/22 24/03/23 26/03/24 27/03/25 26/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.76x0.6x - 5.09% 46.86B
12.58x - - 3.98% 136B
17.49x2.03x - 2.87% 104B
11.01x - - 1.22% 81.73B
7.03x - - 1.65% 66.75B
12.17x1.19x - 3.29% 47.58B
3.98x0.57x - 5.5% 44.86B
11.53x - - 2.36% 43.09B
10.27x - - 0.86% 39.83B
11.56x0.82x - 2.84% 39.9B
Average 10.54x 1.04x 2.97% 65.01B
Weighted average by Cap. 11.35x 1.25x 2.98%

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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