PICC Property and Casualty Co Ltd Class H 02328

Morningstar Rating
HK$15.86 −0.65 (3.94%)
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Company Report

Price vs Fair Value

02328 is trading at a LOCK|?#V premium.
Price
HK$15.86
Fair Value
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Uncertainty
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1-Star Price
%#
5-Star Price
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Economic Moat
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Capital Allocation
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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

PICC P&C's underwriting margin exhibits a higher sensitivity to natural catastrophe losses than its peers, which is attributable to its different product mix.

Trading Information

Previous Close Price
HK$16.51
Day Range
HK$15.77–16.20
52-Week Range
HK$13.65–19.74
Bid/Ask
HK$15.86 / HK$15.87
Shares Outstanding
22.24B
Market Cap
HK$352.77B
Volume/Avg
21M / 26M

Key Statistics

Price/Earnings (Normalized)
6.81
Price/Sales
0.63
Dividend Yield (Trailing)
4.85%
Dividend Yield (Forward)
4.98%
Dividend Payment Schedule
Jul, Dec
Total Yield
4.85%

Company Profile

PICC P&C is headquartered in Beijing. The company is China's largest nonlife insurer, commanding nearly 33% domestic market share. Founded by the People's Bank of China in 1949, PICC P&C operates as the flagship subsidiary of PICC Group—a state-owned insurance holding company that retains a 69% equity stake. The company underwrites a comprehensive suite of nonlife insurance products spanning auto, commercial property, liability, credit and surety, accident and health, energy and aerospace, and agricultural lines.
Sector
Financial Services
Industry
Insurance - Property & Casualty
Stock Style Box
Large Value
Total Number of Employees
163,196

Competitors

Valuation

Metric
02328
601628
601318
Price/Earnings (Normalized)
6.814.196.32
Price/Book Value
1.051.560.94
Price/Sales
0.631.301.01
Price/Cash Flow
7.702.351.47
Price/Earnings
02328
601628
601318

Financial Strength

Metric
02328
601628
601318
Quick Ratio
———
Current Ratio
———
Interest Coverage
57.84—4.89
Quick Ratio
No chart available

Profitability

Metric
02328
601628
601318
Return on Assets (Normalized)
5.67%3.32%1.33%
Return on Equity (Normalized)
16.66%42.76%18.71%
Return on Invested Capital (Normalized)
13.91%28.25%1.17%
Return on Assets
02328
601628
601318

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Morningstar Rating for Stocks
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