ZhongAn Online P & C Insurance Co., Ltd. (HKG:6060) Stock's 25% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Nov 01
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Hong Kong (HSI) General Insurance Industry Analysis
UpdatedNov 04, 2024
DataAggregated Company Financials
Companies2
- 7D-1.1%
- 3M4.9%
- 1Y-32.5%
- YTDn/a
Over the last 7 days, the General Insurance industry has dropped 1.1%, driven by ZhongAn Online P & C Insurance declining 2.3%. The industry has fallen 32% in the last year. As for the next few years, earnings are forecast to decline by 53% per annum.
Industry Valuation and Performance
Has the Hong Kong General Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 04 Nov 2024 | HK$24.6b | HK$37.5b | HK$4.7b | 6.9x | 5.2x | 0.7x |
| Wed, 02 Oct 2024 | HK$27.8b | HK$38.0b | HK$4.7b | 7.3x | 5.9x | 0.7x |
| Fri, 30 Aug 2024 | HK$18.8b | HK$37.7b | HK$4.7b | 6.1x | 4x | 0.5x |
| Sun, 28 Jul 2024 | HK$22.0b | HK$34.4b | HK$4.7b | 6.8x | 4.7x | 0.6x |
| Tue, 25 Jun 2024 | HK$24.2b | HK$34.4b | HK$4.7b | 7.3x | 5.1x | 0.7x |
| Thu, 23 May 2024 | HK$25.6b | HK$34.5b | HK$4.7b | 7.4x | 5.4x | 0.7x |
| Sat, 20 Apr 2024 | HK$21.3b | HK$34.6b | HK$4.8b | 6.6x | 4.5x | 0.6x |
| Mon, 18 Mar 2024 | HK$20.8b | HK$30.7b | -HK$92,854,486.74 | 6.7x | -224.4x | 0.7x |
| Wed, 14 Feb 2024 | HK$21.4b | HK$30.7b | -HK$92,854,567.98 | 7x | -230.6x | 0.7x |
| Fri, 12 Jan 2024 | HK$27.6b | HK$28.3b | -HK$95,304,956.00 | 7.3x | -290x | 1x |
| Sun, 10 Dec 2023 | HK$31.2b | HK$28.3b | -HK$94,215,013.00 | 6.8x | -330.8x | 1.1x |
| Tue, 07 Nov 2023 | HK$35.9b | HK$28.0b | -HK$87,464,333.00 | 6.6x | -410.4x | 1.3x |
| Thu, 05 Oct 2023 | HK$36.9b | HK$27.9b | -HK$85,692,293.00 | 6.6x | -431x | 1.3x |
| Sat, 02 Sep 2023 | HK$37.1b | HK$28.1b | -HK$89,601,296.00 | 6.5x | -414.6x | 1.3x |
| Mon, 31 Jul 2023 | HK$39.6b | HK$26.9b | -HK$1,278,579,722.00 | 15.8x | -31x | 1.5x |
| Wed, 28 Jun 2023 | HK$35.2b | HK$26.8b | -HK$1,272,027,723.00 | 16.3x | -27.6x | 1.3x |
| Fri, 26 May 2023 | HK$37.6b | HK$27.4b | -HK$1,306,425,861.00 | 15.7x | -28.7x | 1.4x |
| Sun, 23 Apr 2023 | HK$41.1b | HK$28.0b | -HK$1,344,232,086.00 | 15.9x | -30.6x | 1.5x |
| Tue, 21 Mar 2023 | HK$36.5b | HK$28.1b | HK$130.1m | 8.1x | 280.9x | 1.3x |
| Thu, 16 Feb 2023 | HK$35.6b | HK$28.3b | HK$128.5m | 8.3x | 277x | 1.3x |
| Sat, 14 Jan 2023 | HK$43.0b | HK$28.6b | HK$125.4m | 8.7x | 343.2x | 1.5x |
| Mon, 12 Dec 2022 | HK$103.4b | HK$170.8b | HK$6.7b | 9.6x | 15.5x | 0.6x |
| Wed, 09 Nov 2022 | HK$29.3b | HK$27.0b | HK$140.2m | 7.7x | 209.4x | 1.1x |
| Fri, 07 Oct 2022 | HK$30.7b | HK$27.2b | HK$137.9m | 7.9x | 222.8x | 1.1x |
| Sun, 04 Sep 2022 | HK$36.4b | HK$28.0b | HK$130.6m | 8.4x | 278.8x | 1.3x |
| Tue, 02 Aug 2022 | HK$32.5b | HK$27.2b | HK$2.0b | 13.2x | 16.1x | 1.2x |
| Thu, 30 Jun 2022 | HK$41.2b | HK$27.3b | HK$2.0b | 16.3x | 20.3x | 1.5x |
| Sat, 28 May 2022 | HK$42.0b | HK$27.2b | HK$2.0b | 16.7x | 20.8x | 1.5x |
| Mon, 25 Apr 2022 | HK$3.3b | HK$1.8b | HK$665.4m | 4.9x | 4.9x | 1.8x |
| Wed, 23 Mar 2022 | HK$3.3b | HK$1.8b | HK$688.0m | 4.8x | 4.8x | 1.9x |
| Fri, 18 Feb 2022 | HK$3.3b | HK$1.8b | HK$688.0m | 4.8x | 4.8x | 1.9x |
| Sun, 16 Jan 2022 | HK$3.4b | HK$1.8b | HK$688.0m | 5x | 5x | 1.9x |
| Tue, 14 Dec 2021 | HK$3.4b | HK$1.8b | HK$688.0m | 4.9x | 4.9x | 1.9x |
| Thu, 11 Nov 2021 | HK$3.3b | HK$1.8b | HK$688.0m | 4.8x | 4.8x | 1.9x |
Price to Earnings Ratio
4.8x
Current Industry PE
- There are only 2 companies in the Hong Kong Multi-line Insurance industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Multi-line Insurance industry have grown 89% per year over the last three years.
- Revenues for these companies have grown 177% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong General Insurance compare with similar industries?
| HK Market | -1.04% | |
| Financials | -0.73% | |
| Insurance | -2.54% | |
| General Insurance | -1.12% | |
| Insurance Brokers | 0% | |
| Life and Health Insurance | -2.15% | |
| Property and Casualty Insurance | -3.72% | |
| Reinsurance | -4.08% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 662 Asia Financial Holdings | HK$3.90 | 1.6% +HK$55.6m | 21.9% | PE8.8x |