Why Investors Shouldn't Be Surprised By The People's Insurance Company (Group) of China Limited's (HKG:1339) Low P/E
Jan 05
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Hong Kong (HSI) Property and Casualty Insurance Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies3
- 7D3.4%
- 3M-3.0%
- 1Y45.2%
- YTDn/a
In the last week, the Property and Casualty Insurance industry is up 1.8%, with People's Insurance Company (Group) of China leading the way, up 4.4%. This means that the industry has gained 39% over the past year. Looking forward, earnings are forecast to grow by 4.4% annually.
Industry Valuation and Performance
Has the Hong Kong Property and Casualty Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | HK$561.6b | HK$1.1t | HK$64.8b | 7.6x | 8.7x | 0.5x |
| Thu, 19 Dec 2024 | HK$584.6b | HK$1.1t | HK$65.0b | 7.6x | 9x | 0.5x |
| Sat, 16 Nov 2024 | HK$580.5b | HK$1.1t | HK$65.6b | 7.6x | 8.8x | 0.5x |
| Mon, 14 Oct 2024 | HK$578.0b | HK$1.1t | HK$52.7b | 8.5x | 11x | 0.5x |
| Wed, 11 Sep 2024 | HK$496.4b | HK$1.1t | HK$52.5b | 7.1x | 9.5x | 0.4x |
| Fri, 09 Aug 2024 | HK$458.0b | HK$1.1t | HK$48.0b | 8.1x | 9.5x | 0.4x |
| Sun, 07 Jul 2024 | HK$423.1b | HK$1.1t | HK$47.5b | 7.7x | 8.9x | 0.4x |
| Tue, 04 Jun 2024 | HK$453.4b | HK$1.1t | HK$47.7b | 8.4x | 9.5x | 0.4x |
| Thu, 02 May 2024 | HK$442.7b | HK$1.1t | HK$47.7b | 8.2x | 9.3x | 0.4x |
| Sat, 30 Mar 2024 | HK$449.5b | HK$1.1t | HK$51.6b | 4.5x | 8.7x | 0.4x |
| Mon, 26 Feb 2024 | HK$469.4b | HK$1.2t | HK$53.0b | 5.3x | 8.9x | 0.4x |
| Wed, 24 Jan 2024 | HK$413.0b | HK$1.2t | HK$53.2b | 5.2x | 7.8x | 0.3x |
| Fri, 22 Dec 2023 | HK$404.1b | HK$1.2t | HK$53.3b | 5.4x | 7.6x | 0.3x |
| Sun, 19 Nov 2023 | HK$428.4b | HK$1.2t | HK$58.6b | 5.7x | 7.3x | 0.4x |
| Tue, 17 Oct 2023 | HK$465.7b | HK$1.2t | HK$58.0b | 5.5x | 8x | 0.4x |
| Thu, 14 Sep 2023 | HK$457.0b | HK$1.2t | HK$58.2b | 4.6x | 7.8x | 0.4x |
| Sat, 12 Aug 2023 | HK$452.5b | HK$1.1t | HK$55.8b | 4.6x | 8.1x | 0.4x |
| Mon, 10 Jul 2023 | HK$443.9b | HK$1.1t | HK$55.9b | 4.7x | 7.9x | 0.4x |
| Wed, 07 Jun 2023 | HK$481.4b | HK$1.2t | HK$56.8b | 4.9x | 8.5x | 0.4x |
| Fri, 05 May 2023 | HK$518.3b | HK$1.2t | HK$56.5b | 5.1x | 9.2x | 0.4x |
| Sun, 02 Apr 2023 | HK$413.9b | HK$1.2t | HK$56.9b | 4.3x | 7.3x | 0.3x |
| Tue, 28 Feb 2023 | HK$386.2b | HK$1.2t | HK$55.9b | 4x | 6.9x | 0.3x |
| Thu, 26 Jan 2023 | HK$411.4b | HK$1.2t | HK$57.1b | 4.3x | 7.2x | 0.3x |
| Sat, 24 Dec 2022 | HK$393.6b | HK$1.2t | HK$55.3b | 4.2x | 7.1x | 0.3x |
| Mon, 21 Nov 2022 | HK$378.1b | HK$1.1t | HK$54.4b | 4x | 6.9x | 0.3x |
| Wed, 19 Oct 2022 | HK$408.0b | HK$1.1t | HK$52.2b | 4.2x | 7.8x | 0.4x |
| Fri, 16 Sep 2022 | HK$426.9b | HK$1.2t | HK$53.9b | 4.3x | 7.9x | 0.4x |
| Sun, 14 Aug 2022 | HK$385.1b | HK$1.2t | HK$51.5b | 4.2x | 7.5x | 0.3x |
| Tue, 12 Jul 2022 | HK$411.6b | HK$1.2t | HK$51.9b | 4.2x | 7.9x | 0.3x |
| Thu, 09 Jun 2022 | HK$391.6b | HK$1.2t | HK$52.2b | 4.4x | 7.5x | 0.3x |
| Sat, 07 May 2022 | HK$425.6b | HK$1.2t | HK$53.7b | 4.3x | 7.9x | 0.3x |
| Mon, 04 Apr 2022 | HK$445.1b | HK$1.3t | HK$56.0b | 4.3x | 7.9x | 0.3x |
| Wed, 02 Mar 2022 | HK$450.3b | HK$1.3t | HK$58.9b | 4.3x | 7.6x | 0.4x |
| Fri, 28 Jan 2022 | HK$424.9b | HK$1.3t | HK$58.6b | 4.5x | 7.2x | 0.3x |
Price to Earnings Ratio
7.2x
Current Industry PE
- There are only 3 companies in the Hong Kong Property and Casualty 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 Property and Casualty Insurance industry have grown 3.4% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.3% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Hong Kong Property and Casualty Insurance compare with similar industries?
| HK Market | 3.38% | |
| Financials | 3.10% | |
| Insurance | 5.06% | |
| Property and Casualty Insurance | 3.43% | |
| Life and Health Insurance | 5.68% | |
| General Insurance | 4.52% | |
| Reinsurance | 2.53% | |
| Insurance Brokers | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| 2328 PICC Property and Casualty | HK$12.34 | 2.8% +HK$7.6b | 30.2% | PE11.3x | |
| 1339 People's Insurance Company (Group) of China | HK$3.82 | 3.5% +HK$5.7b | 64.7% | PE4.1x | |
| 222 Min Xin Holdings | HK$2.20 | 1.4% +HK$17.9m | -21.4% | PS5.2x |