PICC Property and Casualty Company Limited

2328.HK

2328.HKPICC Property and Casualty Company Limited HK flag

Hong Kong Stock Exchange

15.10

HKD

+0.08

(+0.53%)

1.58EPS

9.56P/E

343.50BMarket Cap

Aug 26Next Earn

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ISIN

CNE100000593

CUSIP

Y6975Z103

Return %

Stock

S&P500

55.35

9.99

85.73

59.68

117.89

94.43

Use logarithmic scale

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	8.1	9.25	10.5	11.92	12.86	14.59	16.16	17.9	18.51	19.3	18.35	19.79	21.65	4.79
Basic EPS, GAAP	0.52	0.51	0.71	0.98	0.81	0.89	0.7	1.09	0.94	1.01	1.31	1.11	1.45	-0.04
Free Cash Flow per Basic Share	0.49	1.03	1.47	1.22	0.99	0.96	0.44	1.16	0.58	0.73	1.92	0.92	1.64	- -
Dividend per Share	0.13	0.16	0.14	0.18	0.2	0.21	0.23	0.27	0.46	0.38	0.41	0.48	0.7	- -
Book Value per Share	0.61	0.66	0.69	0.67	0.67	0.67	1	1	1	1	4.56	1	1	1
Tangible Book Value per Share	2.09	2.6	3.85	4.75	5.22	5.85	6.23	7.54	8.43	9.39	9.84	10.41	11.6	10.93
Basic Weighted Avg Shares	20,063	20,745	21,374	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,243
Sales/Revenue/Turnover	162,583	191,793	224,395	265,103	286,041	324,468	359,427	398,109	411,682	429,182	408,197	440,219	481,438	106,582
Operating Margin (%)	8.17	6.97	8.53	10.46	6.82	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1,553	1,874	2,352	1,853	1,720	1,693	1,848	3,334	3,539	3,496	3,717	3,750	3,801	- -
Net Income, GAAP	10,405	10,558	15,115	21,847	18,020	19,807	15,485	24,282	20,868	22,360	29,163	24,585	32,173	-868
Effective Tax Rate (%)	22.05	21.44	22.25	22.54	19.73	27.07	33.9	- -	15.43	14.07	14.44	12.37	15.4	- -
Profit Margin (%)	6.4	5.5	6.74	8.24	6.3	6.1	4.31	6.1	5.07	5.21	7.14	5.58	6.68	-0.81
Working Capital	70,446	45,510	39,515	38,675	40,620	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	19,427	19,562	22,449	16,297	23,112	23,262	23,420	17,396	24,965	9,844	9,581	9,681	21,734	9,417
Total Equity	45,450	57,504	85,775	108,951	119,312	133,114	141,503	169,954	190,031	211,574	221,605	234,304	260,622	245,524
Return on Invested Capital (%)	17.28	14.79	15.99	18.11	11.46	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	31.61	37.44	46.39	67.32	54.87	55.85	40.16	- -	49.5	55.28	40.12	34.31	81.48	- -
Return on Common Equity (%)	59.91	81.66	106.32	147.34	121.53	133.58	83.54	109.17	93.82	100.53	47.13	39.73	144.65	51.61

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	8.1%	3.99%	9.36%
Net Income, GAAP	11.06%	7.73%	30.86%
Free Cash Flow	23.62%	32.85%	77.51%
Total Cash Common Dividend	20.01%	24.52%	45.81%
Total Equity	11.94%	8.97%	11.23%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Company Description

CEO: Mr. Ze Yu
Full Time Employees: 162,787
Sector: Financial Services
Industry: Insurance - Property & Casualty
Address: Tower 2 Beijing People's Republic of China 100022
IPO Date: Nov 6, 2003
Website: property.picc.com
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Business: PICC Property and Casualty Company Limited, together with its subsidiaries, operates as a property and casualty insurance company in the People's Republic of China. It operates through Motor Vehicle; Commercial Property; Cargo; Liability; Accidental Injury and Health; Agriculture; Credit and Surety; and Others segments. The company offers accidental injury and medical expenses, short-term health, homeowners, special risk, marine hull, construction, and other insurance products. It also provides reinsurance, investment and funds application, insurance and claim handling agency, training, information technology and business, and property management services. The company was incorporated in 2003 and is based in Beijing, China. PICC Property and Casualty Company Limited is a subsidiary of The People's Insurance Company (Group) of China Limited.

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	TTM
Revenue per Share	8.1	9.25	10.5	11.92	12.86	14.59	16.16	17.9	18.51	19.3	18.35	19.79	21.65	4.79
Basic EPS, GAAP	0.52	0.51	0.71	0.98	0.81	0.89	0.7	1.09	0.94	1.01	1.31	1.11	1.45	-0.04
Free Cash Flow per Basic Share	0.49	1.03	1.47	1.22	0.99	0.96	0.44	1.16	0.58	0.73	1.92	0.92	1.64	- -
Dividend per Share	0.13	0.16	0.14	0.18	0.2	0.21	0.23	0.27	0.46	0.38	0.41	0.48	0.7	- -
Book Value per Share	0.61	0.66	0.69	0.67	0.67	0.67	1	1	1	1	4.56	1	1	1
Tangible Book Value per Share	2.09	2.6	3.85	4.75	5.22	5.85	6.23	7.54	8.43	9.39	9.84	10.41	11.6	10.93
Basic Weighted Avg Shares	20,063	20,745	21,374	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,242	22,243
Sales/Revenue/Turnover	162,583	191,793	224,395	265,103	286,041	324,468	359,427	398,109	411,682	429,182	408,197	440,219	481,438	106,582
Operating Margin (%)	8.17	6.97	8.53	10.46	6.82	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	1,553	1,874	2,352	1,853	1,720	1,693	1,848	3,334	3,539	3,496	3,717	3,750	3,801	- -
Net Income, GAAP	10,405	10,558	15,115	21,847	18,020	19,807	15,485	24,282	20,868	22,360	29,163	24,585	32,173	-868
Effective Tax Rate (%)	22.05	21.44	22.25	22.54	19.73	27.07	33.9	- -	15.43	14.07	14.44	12.37	15.4	- -
Profit Margin (%)	6.4	5.5	6.74	8.24	6.3	6.1	4.31	6.1	5.07	5.21	7.14	5.58	6.68	-0.81
Working Capital	70,446	45,510	39,515	38,675	40,620	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	19,427	19,562	22,449	16,297	23,112	23,262	23,420	17,396	24,965	9,844	9,581	9,681	21,734	9,417
Total Equity	45,450	57,504	85,775	108,951	119,312	133,114	141,503	169,954	190,031	211,574	221,605	234,304	260,622	245,524
Return on Invested Capital (%)	17.28	14.79	15.99	18.11	11.46	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Capital (%)	31.61	37.44	46.39	67.32	54.87	55.85	40.16	- -	49.5	55.28	40.12	34.31	81.48	- -
Return on Common Equity (%)	59.91	81.66	106.32	147.34	121.53	133.58	83.54	109.17	93.82	100.53	47.13	39.73	144.65	51.61

	Mar'24	Jun'24
ST Debt	- -	- -
LT Borrowings	- -	8,246
LT Finance Leases	- -	1,171
Preferred Equity and Hybrid Capital	- -	- -
Shares Outstanding	- -	22,243
Market Capitalization	196,582	186,316

PICC Property and Casualty Company Limited

Growth Rates

(avg. rate of change)

Company Description

Growth Rates

(avg. rate of change)

Working Capital

Capital Structure

Quarterly Dividends Per Share

Year

Quarterly Revenue

Year

Quarterly Earnings Per Share

Year

	Mar'24	Jun'24
Total Current Assets	- -	- -
Accounts Receivable, Net	- -	3,434
Cash, Cash Equivalents & STI	- -	219,817
Inventories	- -	- -
Total Current Liabilities	- -	- -
Payables & Accruals	- -	- -
ST Debt	- -	- -
Deferred Revenue	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	- -	92,261	145,461	- -	408,197
2023	- -	106,582	- -	- -	440,219
2024	- -	- -	- -	- -	481,438