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PICC Property and Casualty Co (HKSE:02328) 5-Year Yield-on-Cost %

: 10.08 (As of Today)
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PICC Property and Casualty Co's yield on cost for the quarter that ended in Dec. 2023 was 10.08.


The historical rank and industry rank for PICC Property and Casualty Co's 5-Year Yield-on-Cost % or its related term are showing as below:

HKSE:02328' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 8.99   Med: 11.04   Max: 12.67
Current: 10.08


During the past 13 years, PICC Property and Casualty Co's highest Yield on Cost was 12.67. The lowest was 8.99. And the median was 11.04.


HKSE:02328's 5-Year Yield-on-Cost % is ranked better than
89.8% of 402 companies
in the Insurance industry
Industry Median: 3.855 vs HKSE:02328: 10.08

Competitive Comparison

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's 5-Year Yield-on-Cost % falls into.



PICC Property and Casualty Co 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of PICC Property and Casualty Co is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

PICC Property and Casualty Co  (HKSE:02328) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


PICC Property and Casualty Co 5-Year Yield-on-Cost % Related Terms

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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.

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