GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (HKSE:02328) » Definitions » Enterprise Value

PICC Property and Casualty Co (HKSE:02328) Enterprise Value : HK$220,509 Mil (As of Apr. 29, 2024)


View and export this data going back to 2003. Start your Free Trial

What is PICC Property and Casualty Co Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, PICC Property and Casualty Co's Enterprise Value is HK$220,509 Mil. PICC Property and Casualty Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,555 Mil. Therefore, PICC Property and Casualty Co's EV-to-EBIT ratio for today is -141.81.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, PICC Property and Casualty Co's Enterprise Value is HK$220,509 Mil. PICC Property and Casualty Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-1,555 Mil. Therefore, PICC Property and Casualty Co's EV-to-EBITDA ratio for today is -141.81.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, PICC Property and Casualty Co's Enterprise Value is HK$220,509 Mil. PICC Property and Casualty Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$276,770 Mil. Therefore, PICC Property and Casualty Co's EV-to-Revenue ratio for today is 0.80.


PICC Property and Casualty Co Enterprise Value Historical Data

The historical data trend for PICC Property and Casualty Co's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PICC Property and Casualty Co Enterprise Value Chart

PICC Property and Casualty Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 212,969.28 146,120.92 136,551.22 167,168.72 206,724.91

PICC Property and Casualty Co Quarterly Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 181,052.32 167,168.72 197,535.68 223,762.57 206,724.91

Competitive Comparison of PICC Property and Casualty Co's Enterprise Value

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PICC Property and Casualty Co's Enterprise Value Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's Enterprise Value falls into.



PICC Property and Casualty Co Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

PICC Property and Casualty Co's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

PICC Property and Casualty Co's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PICC Property and Casualty Co  (HKSE:02328) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

PICC Property and Casualty Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=220508.685/-1555
=-141.81

PICC Property and Casualty Co's current Enterprise Value is HK$220,509 Mil.
PICC Property and Casualty Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-1,555 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

PICC Property and Casualty Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=220508.685/-1555
=-141.81

PICC Property and Casualty Co's current Enterprise Value is HK$220,509 Mil.
PICC Property and Casualty Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-1,555 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

PICC Property and Casualty Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=220508.685/276769.836
=0.80

PICC Property and Casualty Co's current Enterprise Value is HK$220,509 Mil.
PICC Property and Casualty Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$276,770 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


PICC Property and Casualty Co Enterprise Value Related Terms

Thank you for viewing the detailed overview of PICC Property and Casualty Co's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


PICC Property and Casualty Co (HKSE:02328) Business Description

Traded in Other Exchanges
Address
Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022
Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (HKSE:02328) Headlines

No Headlines