China Pacific Insurance (Group) Co., Ltd., together with its subsidiaries, offers insurance products in the People’s Republic of China.
Solid track record established dividend payer.
Share Price & News
How has China Pacific Insurance (Group)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 601601's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 601601 matched the CN Insurance industry which returned -21% over the past year.
Return vs Market: 601601 underperformed the CN Market which returned -8.7% over the past year.
Price Volatility Vs. Market
How volatile is China Pacific Insurance (Group)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is China Pacific Insurance (Group) undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 601601 (CN¥27.95) is trading below our estimate of fair value (CN¥43.57)
Significantly Below Fair Value: 601601 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 601601 is good value based on its PE Ratio (9.1x) compared to the Insurance industry average (9.6x).
PE vs Market: 601601 is good value based on its PE Ratio (9.1x) compared to the CN market (32x).
Price to Earnings Growth Ratio
PEG Ratio: 601601 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 601601 is overvalued based on its PB Ratio (1.4x) compared to the XA Insurance industry average (0.9x).
How is China Pacific Insurance (Group) forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 601601's forecast earnings growth (6.4% per year) is above the savings rate (3.2%).
Earnings vs Market: 601601's earnings (6.4% per year) are forecast to grow slower than the CN market (21% per year).
High Growth Earnings: 601601's earnings are forecast to grow, but not significantly.
Revenue vs Market: 601601's revenue (1.2% per year) is forecast to grow slower than the CN market (15.7% per year).
High Growth Revenue: 601601's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 601601's Return on Equity is forecast to be low in 3 years time (13.4%).
How has China Pacific Insurance (Group) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 601601 has high quality earnings.
Growing Profit Margin: 601601's current net profit margins (7.2%) are higher than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: 601601's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: 601601's earnings growth over the past year (54%) exceeds its 5-year average (14.3% per year).
Earnings vs Industry: 601601 earnings growth over the past year (54%) exceeded the Insurance industry 8.9%.
Return on Equity
High ROE: 601601's Return on Equity (15.5%) is considered low.
How is China Pacific Insurance (Group)'s financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 601601 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 601601's debt is covered by short term assets (assets are 1.8x debt).
Financial Institutions Analysis
Asset Level: 601601's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if 601601 has a sufficient allowance for bad loans.
Low Risk Liabilities: 601601 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 601601 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 601601 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 601601 has an appropriate level of bad loans.
What is China Pacific Insurance (Group)'s current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 601601's dividend (4.31%) is higher than the bottom 25% of dividend payers in the CN market (0.46%).
High Dividend: 601601's dividend (4.31%) is in the top 25% of dividend payers in the CN market (2.04%)
Stability and Growth of Payments
Stable Dividend: 601601's dividend payments have been volatile in the past 10 years.
Growing Dividend: 601601's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), 601601's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 601601's dividends in 3 years are forecast to be well covered by earnings (48.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fan Fu (55yo)
Mr. Fan Fu serves as President at China Pacific Insurance (Group) Co., Ltd. since March 2020. He has been Director and Vice President of International Group and concurrently the Chairman of Shanghai SA sin ...
|President & Director||0.083yr||no data||no data|
|Chief Actuary & CFO||1.08yrs||CN¥4.39m||no data|
|Chief Investment Officer||1.33yrs||CN¥406.00k||no data|
|Chief Technology Officer||1.25yrs||no data||no data|
|IR contacts||no data||no data||no data|
|Chief Risk & Compliance Officer and General Counsel||3.83yrs||CN¥2.13m||no data|
|Chief Internal Auditor & Chief Auditing Officer||8.58yrs||CN¥2.56m||0.00044% CN¥1.0m|
|Executive Vice President||6.33yrs||CN¥2.54m||0.0013% CN¥3.0m|
Experienced Management: 601601's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Independent Non-Executive Director||4.42yrs||CN¥250.00k||no data|
|Chairman of the Board||2.83yrs||CN¥1.70m||no data|
|Non-Executive Director||7.75yrs||no data||no data|
|Non-Executive Director||6.75yrs||no data||no data|
|Independent Non-Executive Director||5.67yrs||CN¥650.00k||no data|
|Non-Executive Director||2.83yrs||CN¥550.00k||no data|
|Non-Executive Director||2.83yrs||CN¥550.00k||no data|
|Chairman of the Board of Supervisors||1.75yrs||no data||no data|
|Non-Executive Vice Chairman||1.25yrs||no data||no data|
|Independent Non-Executive Director||0.75yr||no data||no data|
Experienced Board: 601601's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Pacific Insurance (Group) Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: China Pacific Insurance (Group) Co., Ltd.
- Ticker: 601601
- Exchange: SHSE
- Founded: 1991
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: CN¥237.069b
- Shares outstanding: 9.06b
- Website: https://www.cpic.com.cn
Number of Employees
- China Pacific Insurance (Group) Co., Ltd.
- 1 South Zhongshan Road
- Huangpu District
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|601601||SHSE (Shanghai Stock Exchange)||Yes||Domestic Shares||CN||CNY||Dec 2007|
|601601||XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)||Yes||Domestic Shares||CN||CNY||Dec 2007|
|2601||SEHK (The Stock Exchange of Hong Kong Ltd.)||Foreign Shares-Foreign Listed||HK||HKD||Dec 2009|
|75C||DB (Deutsche Boerse AG)||Foreign Shares-Foreign Listed||DE||EUR||Dec 2009|
|CHPX.F||OTCPK (Pink Sheets LLC)||Foreign Shares-Foreign Listed||US||USD||Dec 2009|
|2601||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Foreign Shares-Foreign Listed||HK||HKD||Dec 2009|
|2601||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Foreign Shares-Foreign Listed||HK||HKD||Dec 2009|
|CHPX.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Sep 2011|
China Pacific Insurance (Group) Co., Ltd., together with its subsidiaries, offers insurance products in the People’s Republic of China. The company operates through Life Insurance, Property and Casualty Insurance, and Other Businesses segments. It offers insurance products, including life insurance, health insurance, and accident insurance, etc.; reinsurance services; property insurance; liability insurance; agricultural insurance; credit and guarantee insurance; short-term health insurance and casualty insurance; and insurance funds investment services, as well as individual and group pension and annuity products. The company also engages in the management of capital funds; outsourcing of asset management; provision of consulting services relating to asset management; and other asset management activities. In addition, it is involved in the property management and real estate; and hotel operations. The company sells its products directly, as well as through insurance agents and brokers, bancassurance, telemarketing, Internet Sales, and cross-selling. The company was founded in 1991 and is headquartered in Shanghai, the People’s Republic of China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/02 17:40|
|End of Day Share Price||2020/04/02 00:00|
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 here.