$MetLife (MET.US)$🎯 2023.7.25 The current price is 61.56, a...

New data: Third quarter and annual report after 2022, 2023Q1

Revenue fluctuated very little over the past 5 years, with an average growth rate of only 2.3%. Net profit was mainly affected by a sharp decline in net investment income and net profit and loss realized from investment and a sharp rise in claims processing expenses, which fell sharply by 61.1% in 2022.

2023Q1 revenue shrank by 0.1%, and net profit fell sharply by 94.8%.

Currently, the price-earnings ratio is 21.2, and the price-earnings ratio has risen to 59.2. If you calculate the 5-year average net profit of 5.12 billion yuan, the corresponding price-earnings ratio is 9.2. Currently, the dividend rate is 3.2%. The valuation is moderately high and unattractive in the short term, so you can close the position first.