$Cincinnati Financial (CINF.US)$🎯 2023.7.24 The current pri...

New data: 2022 report and 2023Q1

In 2022, revenue fell sharply by 31.9%, and net profit turned into a loss of 4.86, mainly affected by net investment loss of 1,535 million yuan. At the same time, claims costs also increased sharply by 1 billion dollars.

Revenue increased sharply by 84% in 2023Q1, and profit before tax reversed losses to 270 million dollars.

Long-term loans of $789 million. The leverage ratio is not high, and the debt risk is very low. The stock inventory is 2,345 million, which is not a lot.

Net cash flow investment over the past five years has greatly exceeded net investment, generating a large shareholder surplus.

The current market capitalization is 16.2 billion dollars. If you calculate the 5-year average net profit of 1.19 billion yuan, the price-earnings ratio is 13.6 and the dividend ratio is 2.7%. Overall, the valuation is slightly higher. Considering that there seem to be signs of a strong reversal in the cycle, we will continue to observe for the time being.