$Everest Group (EG.US)$🎯 2024.3.18 Current price 390.65, po...

New data: 23Q4, continued to grow significantly.

In 2023, revenue increased 21%, and net profit increased 3.2 times.

The balance ratio fell from 78.9% to 73.3%. The asset side mainly increased total investment of 7.2 billion dollars and accounts receivable by 1.6 billion dollars, while the debt side mainly increased insurance policies by 4.1 billion yuan.

Currently, the price-earnings ratio is 6.5. The 5-year average net profit of 1.2 billion yuan corresponds to a price-earnings ratio of 14 and a dividend ratio of 1.7%. Looking at cyclical stocks, the valuation is too high, but there is a clear upward trend in the past 5 years, so let's wait and see.