Hanwha General Insurance Co., Ltd.'s (KRX:000370) Shares Not Telling The Full Story
Sep 25
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South Korean (KOSPI) Insurance Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies13
- 7D6.4%
- 3M0.2%
- 1Y36.4%
- YTD37.0%
Over the last 7 days, the Insurance industry has risen 3.4%, driven by gains from Samsung Fire & Marine Insurance of 11%. This means that the industry has gained 36% over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.
Industry Valuation and Performance
Has the South Korean Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₩50.0t | ₩124.4t | ₩8.9t | 4.6x | 5.6x | 0.4x |
| Sat, 19 Oct 2024 | ₩48.7t | ₩122.9t | ₩8.5t | 4.5x | 5.7x | 0.4x |
| Mon, 16 Sep 2024 | ₩48.9t | ₩122.9t | ₩8.5t | 4.4x | 5.8x | 0.4x |
| Wed, 14 Aug 2024 | ₩48.8t | ₩120.4t | ₩7.6t | 6.3x | 6.4x | 0.4x |
| Fri, 12 Jul 2024 | ₩50.3t | ₩120.4t | ₩7.6t | 5.9x | 6.6x | 0.4x |
| Sun, 09 Jun 2024 | ₩45.3t | ₩120.4t | ₩7.6t | 5.5x | 5.9x | 0.4x |
| Tue, 07 May 2024 | ₩42.7t | ₩121.4t | ₩8.0t | 4.3x | 5.3x | 0.4x |
| Thu, 04 Apr 2024 | ₩44.0t | ₩121.4t | ₩8.1t | 3.9x | 5.4x | 0.4x |
| Sat, 02 Mar 2024 | ₩45.4t | ₩148.7t | ₩6.4t | 6.8x | 7.1x | 0.3x |
| Mon, 29 Jan 2024 | ₩40.2t | ₩163.6t | ₩6.9t | 5.3x | 5.8x | 0.2x |
| Wed, 27 Dec 2023 | ₩42.2t | ₩163.6t | ₩6.9t | 5.7x | 6.1x | 0.3x |
| Fri, 24 Nov 2023 | ₩42.6t | ₩166.7t | ₩6.8t | 6.1x | 6.3x | 0.3x |
| Sun, 22 Oct 2023 | ₩43.6t | ₩166.7t | ₩6.6t | 5.7x | 6.6x | 0.3x |
| Tue, 19 Sep 2023 | ₩43.6t | ₩166.7t | ₩6.6t | 6.2x | 6.6x | 0.3x |
| Thu, 17 Aug 2023 | ₩40.0t | ₩169.4t | ₩6.9t | 5.2x | 5.8x | 0.2x |
| Sat, 15 Jul 2023 | ₩40.4t | ₩169.4t | ₩6.9t | 4.8x | 5.9x | 0.2x |
| Mon, 12 Jun 2023 | ₩40.2t | ₩169.4t | ₩6.9t | 5.2x | 5.9x | 0.2x |
| Wed, 10 May 2023 | ₩40.2t | ₩165.0t | ₩6.5t | 5.8x | 6.2x | 0.2x |
| Fri, 07 Apr 2023 | ₩36.7t | ₩165.0t | ₩6.5t | 5.3x | 5.6x | 0.2x |
| Sun, 05 Mar 2023 | ₩38.6t | ₩152.5t | ₩5.8t | 5.1x | 6.7x | 0.3x |
| Tue, 31 Jan 2023 | ₩38.1t | ₩152.5t | ₩5.8t | 4.4x | 6.6x | 0.2x |
| Thu, 29 Dec 2022 | ₩38.3t | ₩152.5t | ₩5.8t | 4.6x | 6.6x | 0.3x |
| Sat, 26 Nov 2022 | ₩36.7t | ₩116.0t | ₩5.6t | 3.8x | 6.6x | 0.3x |
| Mon, 24 Oct 2022 | ₩34.0t | ₩148.2t | ₩5.8t | 3.6x | 5.9x | 0.2x |
| Wed, 21 Sep 2022 | ₩34.7t | ₩148.2t | ₩5.8t | 3.7x | 6x | 0.2x |
| Fri, 19 Aug 2022 | ₩35.2t | ₩145.5t | ₩5.3t | 5.1x | 6.6x | 0.2x |
| Sun, 17 Jul 2022 | ₩32.7t | ₩145.5t | ₩5.3t | 4.2x | 6.1x | 0.2x |
| Tue, 14 Jun 2022 | ₩35.3t | ₩145.5t | ₩5.3t | 5.7x | 6.6x | 0.2x |
| Thu, 12 May 2022 | ₩35.6t | ₩145.0t | ₩6.4t | 5.6x | 5.6x | 0.2x |
| Sat, 09 Apr 2022 | ₩39.7t | ₩144.7t | ₩6.4t | 6.1x | 6.2x | 0.3x |
| Mon, 07 Mar 2022 | ₩35.2t | ₩142.1t | ₩5.4t | 7x | 6.6x | 0.2x |
| Wed, 02 Feb 2022 | ₩36.2t | ₩142.1t | ₩5.4t | 7x | 6.8x | 0.3x |
| Fri, 31 Dec 2021 | ₩35.1t | ₩142.1t | ₩5.4t | 6.6x | 6.6x | 0.2x |
| Sun, 28 Nov 2021 | ₩35.4t | ₩147.5t | ₩5.3t | 7x | 6.7x | 0.2x |
Price to Earnings Ratio
6.7x
Current Industry PE
- Investors are pessimistic on the South Korean Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.6x which is lower than its 3-year average PE of 6.2x.
- The industry is trading close to its 3-year average PS ratio of 0.28x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 19% per year over the last three years.
- Meanwhile revenues for these companies have declined 5.5% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the South Korean Financials industry?
| KR Market | 2.33% | |
| Financials | 3.06% | |
| Insurance | 6.37% | |
| Insurance Brokers | 11.67% | |
| Property and Casualty Insurance | 7.05% | |
| Life and Health Insurance | 5.85% | |
| Reinsurance | 1.39% | |
| General Insurance | 0% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry, which is trading close to its 3-year average PE ratio of 6.7x.
- Analysts are expecting annual earnings growth of 7.3%, which is higher than its past year's earnings decline of 25.0% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|
| A032830 Samsung Life Insurance | ₩105.20k | 10.0% +₩1.7t | 49.6% | PE8.3x | |
| A000810 Samsung Fire & Marine Insurance | ₩372.50k | 11.0% +₩1.6t | 42.2% | PE7.7x | |
| A005830 DB Insurance | ₩107.60k | 2.0% +₩126.1b | 31.5% | PE3.3x | |
| A088350 Hanwha Life Insurance | ₩2.75k | 5.8% +₩112.7b | -2.3% | PE3.6x | |
| A000540 Heungkuk Fire&Marine Insurance | ₩3.44k | 5.8% +₩12.2b | 15.1% | n/a |
