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China Life Insurance Company LimitedOTCPK:LFCH.Y Rapporto sulle azioni

Cap. di mercato US$101.6b
Prezzo delle azioni
n/a
1Y-30.1%
7D3.0%
1D3.8%
Valore del portafoglio
​
Vista

China Life Insurance Company Limited

Report azionario OTCPK:LFCH.Y

Capitalizzazione di mercato: US$101.6b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

China Life Insurance (LFCH.Y) Panoramica del titolo

Operates as a life insurance company in the People’s Republic of China. Maggiori dettagli

LFCH.Y analisi fondamentale
Punteggio fiocco di neve
Valutazione5/6
Crescita futura2/6
Prestazioni passate2/6
Salute finanziaria4/6
Dividendi5/6

Premi

Negoziato a 70.4% al di sotto della nostra stima del suo valore equo

Si prevede che gli utili cresceranno del 18.52% all'anno

Negoziato a un buon valore rispetto ai pari e al settore

Analisi del rischio

I margini di profitto (4.4%) sono inferiori rispetto allo scorso anno (6.4%)

Andamento instabile dei dividendi


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Concorrenti di China Life Insurance Company Limited

Storia dei prezzi e prestazioni

Riepilogo dei massimi, dei minimi e delle variazioni dei prezzi delle azioni per China Life Insurance
Prezzi storici delle azioni
Prezzo attuale dell'azioneHK$6.21
Massimo di 52 settimaneHK$9.69
Minimo di 52 settimaneHK$5.40
Beta0.69
Variazione di 1 mese0.73%
Variazione a 3 mesi-16.08%
Variazione di 1 anno-30.15%
Variazione a 3 anni-52.60%
Variazione a 5 anni-63.96%
Variazione dall'IPO109.44%

Notizie e aggiornamenti recenti

Recent updates

Seeking Alpha • Aug 25

China Life Insurance reports 1H results

China Life Insurance press release (NYSE:LFC): 1H Net profit of RMB25.42B Revenue of RMB516.67B. Gross written premiums were RMB439.97B
Seeking Alpha • Aug 02

China Life Insurance President resigns, new President appointed

China Life Insurance (NYSE:LFC) announced that due to the adjustment of work arrangements, Mr. Su Hengxuan tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the company on Aug. 1, 2022. He had no disagreement with the board and there are no other matters relating to his resignation. Mr. Zhao Peng was appointed as the President of the company and nominated as an Executive Director of the board. Most recently, he served as VP, Agricultural Development Bank of China.
Seeking Alpha • Jul 15

China Life Insurance: Fundamentals Remain Intact

Fundamentals are still strong for this large life insurance company. China should offer growth for this industry, as the demand is there. Valuation is still attractive at today's price level. Investment thesis My last article on China Life Insurance Company Limited (LFC) back in March this year came with a Buy call on the company, as I concluded that it offered good value at that time. If you had bought the shares at that time, you could take some comfort in knowing that your book value would now be down by just roughly 3% against a backdrop of the S&P500 going down more than 16% China Life Insurance versus SPY (SA) Alpha is alpha – even if the return is negative, which brings me to my last article on Blackrock’s China A-share ETF (CNYA), where I pointed out that it looks to me that China at this moment offers better prospects of improved return as opposed to Europe and to a lesser extent also the U.S. The reason for this you will find in that article. Back to China Life, perhaps as an alternative to buying the ETF CNYA one could use China Life as a good proxy for exposure to China. Recent development We will only get the interim financial report for 2022 around the 25th of August this year. However, we do have an indication of how some of the top lines for the first half of this year have fared, as they have reported accumulated premium income from 1st January to 30st June of 2022 and it came in at RMB 439.7 billion. This is slightly lower than the first half of 2020 when they recorded RMB 442.3 billion in premium. It should be expected, as the lockdown in the first half of this year may have put a damper on growth in premiums. More and more of their customers do now sign on for insurance online, but there are still those that prefer to sit down with a person in a branch office. Something which was hard to do due to Covid-19 restrictions. In the last few weeks, the central government has reduced quarantine times and eased some Covid-19 prevention measures. However, we do see that in different parts of China there has been a rise in new cases. But things are hopefully changing for the better. Consultancy firm Oliver Wyman predicted in a report published in March this year that China’s life insurance premiums are expected to surpass the U.S. market and become the world’s largest market by 2030. Annuity and endowment products presently only cover about RMB 30 trillion, which is much lower than the population’s expected pension needs. This highlights the gap and opportunities for insurers like LFC. A side note on investor activism LFC is among the largest shareholders in two of the largest position in my portfolio. These are HSBC (HSBC) and Hui Xian REIT, which is listed in Hong Kong under 8700.HK and controlled by CK Asset Holding (CHKGF). With regards to Hui Xian REIT, I have recently written to the board of directors and explained to them that it is not in the shareholder's interest that the company issues new units to settle distribution and management fees now that they are trading at a discount to NAV of 75%. Over the last ten years, they have added more than one billion new units, diluting the share count with 22.3% additional units without adding any productive assets to the balance sheet. As a matter of fact, they should be buying back and canceling shares at this point in time. So far, I have not received any response from Hui Xian REIT. My next step will be to reach out to LFC, and other shareholders, with the aim of getting their support for my request to Hui Xian REIT of terminating the issuance of new units at this moment. Hopefully, they can see the merits of my request and will want to take action. Risk to the thesis Under the leadership of Xi Jinping, China wants to make sure that the difference between the rich and poor, which is huge in China, should be addressed. That is not a bad thing.
Seeking Alpha • Mar 29

China Life Insurance: Continues To Offer Good Value

China Life's valuation is very attractive based on financial fundamentals. Share price has gone further down since my last buy call. We look at 2021 fiscal year results and revisit the investment thesis.
Seeking Alpha • Dec 16

China Life Insurance: One Year Cash Flow Greater Than Its Value

Fundamentals of China Life Insurance are good. Valuation is very attractive. Risks lie in the unknown things like liabilities in the accounts and further limitations to profit from future regulations.
Seeking Alpha • Aug 06

China Life Insurance Company Limited: Risky, But Upside Potentially Significant

The life insurance industry in China could see strong growth in the decade ahead. This stock could see significant exposure to risk in a low interest rate environment. However, should earnings growth remain solid, then I see potentially strong upside.

Rendimenti per gli azionisti

LFCH.YUS InsuranceUS Mercato
7D3.0%-0.5%0.9%
1Y-30.1%9.3%17.5%

Ritorno vs Industria: LFCH.Y ha avuto una performance inferiore rispetto al US Insurance che ha registrato un rendimento 9.3 % nell'ultimo anno.

Rendimento vs Mercato: LFCH.Y ha avuto una performance inferiore al mercato US che ha registrato un rendimento 17.5 % nell'ultimo anno.

Volatilità dei prezzi

Is LFCH.Y's price volatile compared to industry and market?
LFCH.Y volatility
LFCH.Y Average Weekly Movement4.9%
Insurance Industry Average Movement4.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.2%

Prezzo delle azioni stabile: LFCH.Y non ha avuto una volatilità dei prezzi significativa negli ultimi 3 mesi rispetto al mercato US.

Volatilità nel tempo: La volatilità settimanale ( 5% ) di LFCH.Y è rimasta stabile nell'ultimo anno.

Informazioni sull'azienda

FondatoI dipendentiAMMINISTRATORE DELEGATOSito web
1949102,195n/awww.e-chinalife.com

China Life Insurance Company Limited Riepilogo dei fondamenti

Come si confrontano gli utili e i ricavi di China Life Insurance con la sua capitalizzazione di mercato?
LFCH.Y statistiche fondamentali
Capitalizzazione di mercatoUS$101.59b
Utili (TTM)US$4.72b
Ricavi(TTM)US$108.50b
7.8x
Rapporto P/E
0.3x
Rapporto P/S

LFCH.Y è sopravvalutato?

Vedi Fair Value e analisi di valutazione

Utili e ricavi

Statistiche chiave sulla redditività dall'ultima relazione sugli utili (TTM)
LFCH.Y Conto economico (TTM)
RicaviCN¥771.15b
Costo del fatturatoCN¥682.19b
Profitto lordoCN¥88.96b
Altre speseCN¥55.41b
UtiliCN¥33.55b

Ultimi utili riportati

Sep 30, 2022

Prossima data di guadagno

n/a

Utile per azione (EPS)1.19
Margine lordo11.54%
Margine di profitto netto4.35%
Rapporto debito/patrimonio netto30.8%

Come si è comportato LFCH.Y nel lungo periodo?

Vedi performance storica e confronto

Dividendi

7.1%
Rendimento attuale del dividendo
55%
Rapporto di remunerazione

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2022/11/12 14:22
Prezzo dell'azione a fine giornata2022/11/10 00:00
Utili2022/09/30
Utili annuali2021/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

China Life Insurance Company Limited è coperta da 38 analisti. 22 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Mark William KellockBarclays
Tianjiao YuBernstein
Michael LiBofA Global Research