$Fidelity National Financial (FNF.US)$🎯 2024.3.18 The curre...

New data: 23Q4, revenue increased by 34.2%, the impact of a sharp increase in claims processing costs, loss of net profit.

In 2023, revenue increased 1.6%, and net profit shrank sharply by 60.3%.

The balance ratio increased slightly from 89.9% to 90.8%, total asset-side investment increased by 10.7 billion dollars, goodwill increased by 1 billion to 9.88 billion dollars, accounts receivable increased by 3.5 billion to 9.4 billion dollars, debt-side insurance policies increased by 10 billion dollars, customer deposits increased by 3.25 billion, and asset size grew rapidly. The net worth is currently $7.46 billion, and there is no high goodwill. Treasury shares of 2.13 billion.

Currently, the price-earnings ratio is 25.8. The 5-year average net profit of 1.4 billion yuan corresponds to a price-earnings ratio of 9.6 and a dividend ratio of 3.7%. The valuation is not high in the long run, but it is not low in the short term; wait and see.