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.
Solid track record, good value and pays a dividend.
Share Price & News
How has PICC Property and Casualty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PPCC.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PPCC.F exceeded the US Insurance industry which returned -26.3% over the past year.
Return vs Market: PPCC.F exceeded the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is PICC Property and Casualty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PICC Property and Casualty undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPCC.F ($0.99) is trading below our estimate of fair value ($3.12)
Significantly Below Fair Value: PPCC.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPCC.F is good value based on its PE Ratio (6x) compared to the Insurance industry average (8.1x).
PE vs Market: PPCC.F is good value based on its PE Ratio (6x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: PPCC.F is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: PPCC.F is overvalued based on its PB Ratio (0.9x) compared to the US Insurance industry average (0.8x).
How is PICC Property and Casualty forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPCC.F's forecast earnings growth (5.8% per year) is above the savings rate (1.7%).
Earnings vs Market: PPCC.F's earnings (5.8% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: PPCC.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPCC.F's revenue (8.2% per year) is forecast to grow faster than the US market (7% per year).
High Growth Revenue: PPCC.F's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPCC.F's Return on Equity is forecast to be low in 3 years time (13.2%).
How has PICC Property and Casualty performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPCC.F has high quality earnings.
Growing Profit Margin: PPCC.F's current net profit margins (6.1%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: PPCC.F's earnings have grown by 1.4% per year over the past 5 years.
Accelerating Growth: PPCC.F's earnings growth over the past year (56.8%) exceeds its 5-year average (1.4% per year).
Earnings vs Industry: PPCC.F earnings growth over the past year (56.8%) exceeded the Insurance industry 43.7%.
Return on Equity
High ROE: PPCC.F's Return on Equity (14.3%) is considered low.
How is PICC Property and Casualty's financial position?
Financial Position Analysis
Short Term Liabilities: PPCC.F's short term assets (CN¥139.3B) do not cover its short term liabilities (CN¥262.1B).
Long Term Liabilities: PPCC.F's short term assets (CN¥139.3B) do not cover its long term liabilities (CN¥164.0B).
Debt to Equity History and Analysis
Debt Level: PPCC.F's debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: PPCC.F's debt to equity ratio has reduced from 42.8% to 18.8% over the past 5 years.
Debt Coverage: PPCC.F's debt is well covered by operating cash flow (80.9%).
Interest Coverage: PPCC.F's interest payments on its debt are well covered by EBIT (14.8x coverage).
What is PICC Property and Casualty's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPCC.F's dividend (7.05%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: PPCC.F's dividend (7.05%) is in the top 25% of dividend payers in the US market (5.82%)
Stability and Growth of Payments
Stable Dividend: PPCC.F has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PPCC.F's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.2%), PPCC.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPCC.F's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
PICC Property and Casualty has no CEO, or we have no data on them.
|Executive Chairman||2.08yrs||no data||no data|
|Vice Chairman & President||1.08yrs||no data||no data|
|Executive VP & Executive Director||no data||no data||no data|
|Independent Supervisor||9.25yrs||CN¥302.00k||no data|
|Non-Executive Director||13.5yrs||no data||no data|
|Independent Non-executive Director||2.5yrs||CN¥233.00k||no data|
|Independent Non-Executive Director||7.08yrs||CN¥233.00k||no data|
|Independent Non-Executive Director||4.83yrs||CN¥233.00k||no data|
|Independent Non-Executive Director||4.83yrs||CN¥233.00k||no data|
|Independent Non-Executive Director||3.83yrs||CN¥233.00k||no data|
Experienced Board: PPCC.F's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PICC Property and Casualty Company Limited's company bio, employee growth, exchange listings and data sources
- Name: PICC Property and Casualty Company Limited
- Ticker: PPCC.F
- Exchange: OTCPK
- Founded: 2003
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: HK$161.038b
- Listing Market Cap: HK$20.771b
- Shares outstanding: 22.24b
- Website: https://www.epicc.com.cn
- PICC Property and Casualty Company Limited
- Tower 2
- No. 2 Jianguomenwai Avenue
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PPCC.F||OTCPK (Pink Sheets LLC)||Yes||Foreign Shares-Foreign Listed||US||USD||Nov 2003|
|2328||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Foreign Shares-Foreign Listed||HK||HKD||Nov 2003|
|PJC||DB (Deutsche Boerse AG)||Yes||Foreign Shares-Foreign Listed||DE||EUR||Nov 2003|
|2328||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Foreign Shares-Foreign Listed||HK||HKD||Nov 2003|
|2328||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Foreign Shares-Foreign Listed||HK||HKD||Nov 2003|
|PPCC.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
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 motor vehicle, commercial property, cargo, liability, accidental injury, short-term health, agriculture, homeowners, marine hull, credit, surety, and other insurance products. It is also involved in reinsurance business. The company was founded in 2003 and is based in Beijing, the People’s Republic of China. PICC Property and Casualty Company Limited is a subsidiary of The People’s Insurance Company (Group) of China Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 07:36|
|End of Day Share Price||2020/02/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.