FWD Group Holdings Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
Period Ending	Apr '26 Apr 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2019
Market Capitalization	39,668	48,539	-	-	-	-	Upgrade
Enterprise Value	54,792	60,824	-	-	-	-	Upgrade
PE Ratio	30.62	37.57	-	-	-	-	Upgrade
PS Ratio	1.67	2.05	-	-	-	-	Upgrade
PB Ratio	0.74	0.91	-	-	-	-	Upgrade
P/FCF Ratio	21.69	26.54	-	-	-	-	Upgrade
P/OCF Ratio	20.63	25.25	-	-	-	-	Upgrade
EV/Sales Ratio	2.31	2.56	-	-	-	-	Upgrade
EV/EBITDA Ratio	11.32	14.23	-	-	-	-	Upgrade
EV/EBIT Ratio	13.18	15.54	-	-	-	-	Upgrade
EV/FCF Ratio	29.96	33.25	-	-	-	-	Upgrade
Debt / Equity Ratio	0.49	0.49	0.46	0.37	0.32	0.28	Upgrade
Debt / EBITDA Ratio	5.70	5.70	9.47	-	-	6.97	Upgrade
Debt / FCF Ratio	14.34	14.34	6.24	4.57	-	-	Upgrade
Net Debt / Equity Ratio	0.27	0.27	0.21	0.11	0.15	-0.01	Upgrade
Net Debt / EBITDA Ratio	3.43	3.43	5.03	-0.95	-2.63	-0.39	Upgrade
Net Debt / FCF Ratio	8.01	8.01	2.87	1.32	-3.11	0.14	Upgrade
Quick Ratio	2.11	2.11	1.53	1.87	2.08	5.39	Upgrade
Current Ratio	3.86	3.86	2.84	3.27	3.02	7.58	Upgrade
Asset Turnover	0.05	0.05	0.05	0.03	0.04	0.18	Upgrade
Return on Equity (ROE)	2.34%	2.34%	0.14%	-8.89%	-3.67%	2.33%	Upgrade
Return on Assets (ROA)	0.54%	0.54%	0.27%	-1.11%	-0.59%	0.25%	Upgrade
Return on Invested Capital (ROIC)	2.44%	2.48%	0.13%	-8.48%	-4.73%	1.31%	Upgrade
Earnings Yield	3.26%	2.66%	-	-	-	-	Upgrade
FCF Yield	4.61%	3.77%	-	-	-	-	Upgrade
Payout Ratio	38.55%	38.55%	466.67%	-	-	32.50%	Upgrade
Buyback Yield / Dilution	-35.75%	-35.75%	-	-	-7.28%	55.04%	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.