There's No Escaping China Pacific Insurance (Group) Co., Ltd.'s (SHSE:601601) Muted Earnings Despite A 25% Share Price Rise
May 13
Chinese (SSE) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies106
- 7D2.2%
- 3M6.9%
- 1Y-2.3%
- YTD11.9%
In the last week, the Financials industry is up 2.2%, with Ping An Insurance (Group) Company of China up 5.3%. Meanwhile, Capital Securities actually underperformed within the industry, shrinking 8.8% in the last week. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Chinese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | CN¥7.3t | CN¥3.1t | CN¥812.9b | 17.3x | 9x | 2.3x |
| Wed, 17 Apr 2024 | CN¥6.6t | CN¥3.3t | CN¥839.5b | 14.7x | 7.9x | 2x |
| Fri, 15 Mar 2024 | CN¥6.8t | CN¥3.9t | CN¥845.3b | 15.4x | 8x | 1.7x |
| Sun, 11 Feb 2024 | CN¥6.6t | CN¥3.9t | CN¥839.8b | 15.8x | 7.9x | 1.7x |
| Tue, 09 Jan 2024 | CN¥5.7t | CN¥2.6t | CN¥754.6b | 14.5x | 7.6x | 2.2x |
| Thu, 07 Dec 2023 | CN¥5.9t | CN¥2.6t | CN¥754.6b | 15x | 7.8x | 2.3x |
| Sat, 04 Nov 2023 | CN¥6.2t | CN¥2.6t | CN¥749.7b | 15.7x | 8.2x | 2.4x |
| Mon, 02 Oct 2023 | CN¥6.3t | CN¥2.6t | CN¥766.6b | 16x | 8.3x | 2.4x |
| Wed, 30 Aug 2023 | CN¥6.5t | CN¥2.6t | CN¥789.8b | 17.6x | 8.2x | 2.5x |
| Fri, 28 Jul 2023 | CN¥6.3t | CN¥2.6t | CN¥769.1b | 16.2x | 8.2x | 2.4x |
| Sun, 25 Jun 2023 | CN¥6.1t | CN¥2.6t | CN¥770.0b | 15x | 7.9x | 2.3x |
| Tue, 23 May 2023 | CN¥4.2t | CN¥2.6t | CN¥769.4b | 12.6x | 5.4x | 1.6x |
| Thu, 20 Apr 2023 | CN¥6.5t | CN¥2.7t | CN¥747.2b | 17.7x | 8.7x | 2.4x |
| Sat, 18 Mar 2023 | CN¥6.1t | CN¥2.7t | CN¥771.0b | 16.6x | 8x | 2.3x |
| Mon, 13 Feb 2023 | CN¥6.4t | CN¥2.5t | CN¥772.7b | 16.9x | 8.3x | 2.6x |
| Wed, 11 Jan 2023 | CN¥6.2t | CN¥2.6t | CN¥730.5b | 15.6x | 8.5x | 2.4x |
| Fri, 09 Dec 2022 | CN¥6.2t | CN¥2.6t | CN¥729.7b | 15.5x | 8.5x | 2.4x |
| Sun, 06 Nov 2022 | CN¥5.5t | CN¥2.6t | CN¥730.9b | 15x | 7.5x | 2.1x |
| Tue, 04 Oct 2022 | CN¥5.7t | CN¥2.6t | CN¥732.2b | 11.9x | 7.7x | 2.2x |
| Thu, 01 Sep 2022 | CN¥6.1t | CN¥2.6t | CN¥743.7b | 13.2x | 8.2x | 2.4x |
| Sat, 30 Jul 2022 | CN¥6.1t | CN¥2.6t | CN¥733.5b | 12.9x | 8.3x | 2.4x |
| Mon, 27 Jun 2022 | CN¥6.6t | CN¥2.6t | CN¥730.6b | 13.9x | 9x | 2.6x |
| Wed, 25 May 2022 | CN¥6.2t | CN¥2.6t | CN¥730.6b | 12.4x | 8.5x | 2.4x |
| Fri, 22 Apr 2022 | CN¥6.6t | CN¥2.7t | CN¥753.1b | 11.9x | 8.8x | 2.4x |
| Sun, 20 Mar 2022 | CN¥6.8t | CN¥2.8t | CN¥759.4b | 12.4x | 8.9x | 2.4x |
| Tue, 15 Feb 2022 | CN¥7.3t | CN¥2.7t | CN¥759.0b | 13.5x | 9.7x | 2.7x |
| Thu, 13 Jan 2022 | CN¥7.4t | CN¥2.5t | CN¥727.5b | 14.9x | 10.2x | 3x |
| Sat, 11 Dec 2021 | CN¥7.5t | CN¥2.5t | CN¥726.0b | 15.3x | 10.3x | 3.1x |
| Mon, 08 Nov 2021 | CN¥7.1t | CN¥2.5t | CN¥726.3b | 14.3x | 9.8x | 2.9x |
| Wed, 06 Oct 2021 | CN¥7.3t | CN¥2.4t | CN¥718.3b | 14.7x | 10.1x | 3x |
| Fri, 03 Sep 2021 | CN¥7.5t | CN¥2.4t | CN¥718.4b | 15.1x | 10.5x | 3.1x |
| Sun, 01 Aug 2021 | CN¥6.7t | CN¥2.4t | CN¥709.5b | 13.3x | 9.5x | 2.8x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are relatively neutral on the Chinese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.8x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 7.8% per year over the last three years.
- Revenues for these companies have grown 9.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Chinese Financials sector?
| CN Market | 0.029% | |
| Financials | 2.19% | |
| Insurance | 5.21% | |
| Banks | 3.63% | |
| Consumer Finance | 2.00% | |
| Diversified Financial | 1.99% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.85% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 30.4x.
- Analysts are expecting annual earnings growth of 39.6%, which is higher than its past year's earnings decline of 35.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 8.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601318 Ping An Insurance (Group) Company of China | CN¥45.20 | 5.3% +CN¥41.1b | -11.4% | PE9.7x | |
| 600036 China Merchants Bank | CN¥36.85 | 3.5% +CN¥31.0b | 8.5% | PB0.9x | |
| 601166 Industrial Bank | CN¥17.70 | 3.7% +CN¥13.1b | 3.9% | PB0.5x | |
| 601601 China Pacific Insurance (Group) | CN¥28.95 | 4.7% +CN¥12.5b | -6.6% | PE10.2x | |
| 2142 Bank of Ningbo | CN¥25.86 | 6.0% +CN¥9.6b | -2.5% | PB0.9x |
