New China Life Insurance Company Ltd.

SHSE:601336 Stock Report

Market Cap: CN¥215.3b

New China Life Insurance Valuation

Is 601336 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 601336 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 601336 (CN¥77.7) is trading below our estimate of future cash flow value (CN¥185)

Significantly Below Future Cash Flow Value: 601336 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601336?

Key metric: As 601336 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601336. This is calculated by dividing 601336's market cap by their current earnings.
What is 601336's PE Ratio?
PE Ratio6.3x
EarningsCN¥38.41b
Market CapCN¥215.31b

Price to Earnings Ratio vs Peers

How does 601336's PE Ratio compare to its peers?

The above table shows the PE ratio for 601336 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.5x
601318 Ping An Insurance (Group) Company of China
8.4x5.72%CN¥1.2t
601601 China Pacific Insurance (Group)
7.9x2.23%CN¥384.9b
SLHN Swiss Life Holding
20.6x6.42%CHF 24.3b
8750 Dai-ichi Life Holdings
13.3x4.88%JP¥5.4t
601336 New China Life Insurance
6.3x-25.04%CN¥215.3b

Price-To-Earnings vs Peers: 601336 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (12.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 601336's PE Ratio compare vs other companies in the Asian Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
601336 6.3xIndustry Avg. 12.2xNo. of Companies40PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601336 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the Asian Insurance industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is 601336's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

601336 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio5.1x

Price-To-Earnings vs Fair Ratio: 601336 is expensive based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 601336 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥77.70
CN¥66.18
-14.83%
23.99%CN¥84.80CN¥35.00n/a13
Feb ’27CN¥83.20
CN¥66.18
-20.46%
23.99%CN¥84.80CN¥35.00n/a13
Jan ’27CN¥69.70
CN¥62.19
-10.77%
22.93%CN¥84.80CN¥35.00n/a13
Dec ’26CN¥65.77
CN¥59.25
-9.91%
29.30%CN¥84.80CN¥21.00n/a14
Nov ’26CN¥67.81
CN¥55.91
-17.55%
30.64%CN¥84.80CN¥21.00n/a14
Oct ’26CN¥61.16
CN¥55.14
-9.85%
30.08%CN¥79.30CN¥21.00n/a14
Sep ’26CN¥65.75
CN¥53.03
-19.35%
28.64%CN¥78.60CN¥21.00n/a14
Aug ’26CN¥65.10
CN¥48.00
-26.27%
26.30%CN¥61.50CN¥21.00n/a14
Jul ’26CN¥58.83
CN¥42.32
-28.06%
31.86%CN¥61.50CN¥21.00n/a14
Jun ’26CN¥50.30
CN¥43.48
-13.56%
31.57%CN¥61.50CN¥21.00n/a15
May ’26CN¥48.11
CN¥43.31
-9.97%
32.14%CN¥61.50CN¥21.00n/a15
Apr ’26CN¥51.57
CN¥43.83
-15.02%
31.38%CN¥61.50CN¥21.00n/a15
Mar ’26CN¥48.09
CN¥43.34
-9.88%
31.23%CN¥60.00CN¥21.00n/a15
Feb ’26CN¥47.63
CN¥42.29
-11.22%
33.37%CN¥60.00CN¥21.00CN¥83.2015
Jan ’26CN¥49.70
CN¥42.35
-14.78%
33.12%CN¥60.00CN¥21.00CN¥69.7015
Dec ’25CN¥47.36
CN¥41.17
-13.07%
33.32%CN¥60.00CN¥21.00CN¥65.7715
Nov ’25CN¥47.76
CN¥38.64
-19.11%
38.22%CN¥72.63CN¥21.00CN¥67.8115
Oct ’25CN¥46.42
CN¥32.25
-30.54%
28.37%CN¥47.68CN¥17.80CN¥61.1615
Sep ’25CN¥33.05
CN¥30.54
-7.60%
34.22%CN¥47.68CN¥11.00CN¥65.7515
Aug ’25CN¥31.91
CN¥30.38
-4.79%
35.86%CN¥47.45CN¥11.00CN¥65.1015
Jul ’25CN¥30.82
CN¥30.63
-0.61%
34.74%CN¥47.45CN¥11.00CN¥58.8316
Jun ’25CN¥32.55
CN¥31.37
-3.62%
34.17%CN¥47.45CN¥11.00CN¥50.3017
May ’25CN¥31.50
CN¥30.74
-2.43%
34.95%CN¥47.45CN¥11.00CN¥48.1116
Apr ’25CN¥30.53
CN¥31.40
+2.86%
36.18%CN¥48.82CN¥11.00CN¥51.5716
Mar ’25CN¥33.15
CN¥32.44
-2.13%
38.29%CN¥53.26CN¥11.00CN¥48.0916
Feb ’25CN¥29.64
CN¥32.41
+9.35%
38.32%CN¥53.26CN¥11.00CN¥47.6316
CN¥66.18
Fair Value
17.4% overvalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/13 00:49
End of Day Share Price 2026/02/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

New China Life Insurance Company Ltd. is covered by 38 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Linda Sun-MattisonBernstein
Michael LiBofA Global Research