We Ran A Stock Scan For Earnings Growth And China Reinsurance (Group) (HKG:1508) Passed With Ease
Dec 03
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Hong Kong (HSI) Reinsurance Industry Analysis
UpdatedDec 06, 2024
DataAggregated Company Financials
Companies1
- 7D2.4%
- 3M23.2%
- 1Y93.2%
- YTDn/a
Over the last 7 days, the Reinsurance industry has dropped 2.3%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 98%. As for the next few years, earnings are forecast to decline by 8.1% per annum.
Industry Valuation and Performance
Has the Hong Kong Reinsurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Dec 2024 | HK$36.1b | HK$109.6b | HK$10.0b | 3.6x | 3.6x | 0.3x |
| Sun, 03 Nov 2024 | HK$39.9b | HK$111.7b | HK$10.2b | 3.9x | 3.9x | 0.4x |
| Tue, 01 Oct 2024 | HK$35.7b | HK$113.3b | HK$10.4b | 3.4x | 3.4x | 0.3x |
| Thu, 29 Aug 2024 | HK$28.9b | HK$103.9b | HK$6.2b | 4.7x | 4.7x | 0.3x |
| Sat, 27 Jul 2024 | HK$22.1b | HK$102.2b | HK$6.1b | 3.6x | 3.6x | 0.2x |
| Mon, 24 Jun 2024 | HK$24.2b | HK$102.1b | HK$6.1b | 4x | 4x | 0.2x |
| Wed, 22 May 2024 | HK$25.9b | HK$102.4b | HK$6.1b | 4.3x | 4.3x | 0.3x |
| Fri, 19 Apr 2024 | HK$22.1b | HK$102.7b | HK$6.1b | 3.6x | 3.6x | 0.2x |
| Sun, 17 Mar 2024 | HK$20.8b | HK$191.3b | HK$3.7b | 5.6x | 5.6x | 0.1x |
| Tue, 13 Feb 2024 | HK$17.6b | HK$191.3b | HK$3.7b | 4.7x | 4.7x | 0.09x |
| Thu, 11 Jan 2024 | HK$18.3b | HK$192.0b | HK$3.7b | 4.9x | 4.9x | 0.1x |
| Sat, 09 Dec 2023 | HK$18.3b | HK$192.0b | HK$3.7b | 4.9x | 4.9x | 0.1x |
| Mon, 06 Nov 2023 | HK$19.1b | HK$188.5b | HK$3.7b | 5.2x | 5.2x | 0.1x |
| Wed, 04 Oct 2023 | HK$20.2b | HK$188.8b | HK$3.7b | 5.4x | 5.5x | 0.1x |
| Fri, 01 Sep 2023 | HK$21.7b | HK$188.7b | HK$3.7b | 5.9x | 5.9x | 0.1x |
| Sun, 30 Jul 2023 | HK$22.9b | HK$182.5b | HK$2.0b | 11.2x | 11.2x | 0.1x |
| Tue, 27 Jun 2023 | HK$22.9b | HK$181.4b | HK$2.0b | 11.3x | 11.3x | 0.1x |
| Thu, 25 May 2023 | HK$24.6b | HK$186.0b | HK$2.1b | 11.9x | 11.9x | 0.1x |
| Sat, 22 Apr 2023 | HK$23.8b | HK$190.8b | HK$2.1b | 11.2x | 11.2x | 0.1x |
| Mon, 20 Mar 2023 | HK$24.6b | HK$188.4b | HK$4.6b | 5.4x | 5.4x | 0.1x |
| Wed, 15 Feb 2023 | HK$23.8b | HK$190.4b | HK$4.6b | 5.1x | 5.1x | 0.1x |
| Fri, 13 Jan 2023 | HK$22.5b | HK$191.3b | HK$4.7b | 4.8x | 4.8x | 0.1x |
| Sun, 11 Dec 2022 | HK$22.9b | HK$185.0b | HK$4.5b | 5.1x | 5.1x | 0.1x |
| Tue, 08 Nov 2022 | HK$18.9b | HK$180.6b | HK$4.4b | 4.3x | 4.3x | 0.1x |
| Thu, 06 Oct 2022 | HK$21.0b | HK$182.4b | HK$4.5b | 4.7x | 4.7x | 0.1x |
| Sat, 03 Sep 2022 | HK$25.1b | HK$187.8b | HK$4.6b | 5.5x | 5.5x | 0.1x |
| Mon, 01 Aug 2022 | HK$26.3b | HK$153.9b | HK$5.3b | 5x | 5x | 0.2x |
| Wed, 29 Jun 2022 | HK$28.5b | HK$155.0b | HK$5.3b | 5.4x | 5.4x | 0.2x |
| Fri, 27 May 2022 | HK$28.5b | HK$156.0b | HK$5.3b | 5.3x | 5.3x | 0.2x |
| Sun, 24 Apr 2022 | HK$30.6b | HK$197.9b | HK$7.7b | 4x | 4x | 0.2x |
| Tue, 22 Mar 2022 | HK$29.7b | HK$185.9b | HK$8.9b | 3.3x | 3.3x | 0.2x |
| Thu, 17 Feb 2022 | HK$34.0b | HK$186.0b | HK$8.9b | 3.8x | 3.8x | 0.2x |
| Sat, 15 Jan 2022 | HK$31.9b | HK$185.1b | HK$8.9b | 3.6x | 3.6x | 0.2x |
| Mon, 13 Dec 2021 | HK$31.9b | HK$185.1b | HK$8.9b | 3.6x | 3.6x | 0.2x |
Price to Earnings Ratio
3.6x
Current Industry PE
- There is only one company in the Hong Kong Reinsurance 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 Reinsurance industry have grown 4.1% per year over the last three years.
- Meanwhile revenues for these companies have declined 16% 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 Reinsurance compare with similar industries?
| HK Market | 2.20% | |
| Financials | 2.72% | |
| Insurance | 0.88% | |
| Reinsurance | 2.41% | |
| Property and Casualty Insurance | 1.04% | |
| Life and Health Insurance | 0.79% | |
| General Insurance | 0.27% | |
| Insurance Brokers | 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 | |
|---|---|---|---|---|---|
| 1508 China Reinsurance (Group) | HK$0.84 | 1.2% +HK$424.8m | 95.3% | PE3.6x |