China Pacific Insurance (Group) Co., Ltd.

XSSC:601601 Stock Report

Market Cap: CN¥308.6b

China Pacific Insurance (Group) Valuation

Is 601601 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 601601 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 601601 (CN¥35.54) is trading below our estimate of fair value (CN¥87.36)

Significantly Below Fair Value: 601601 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 601601?

Key metric: As 601601 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 601601. This is calculated by dividing 601601's market cap by their current earnings.
What is 601601's PE Ratio?
PE Ratio8.1x
EarningsCN¥42.42b
Market CapCN¥308.56b

Price to Earnings Ratio vs Peers

How does 601601's PE Ratio compare to its peers?

The above table shows the PE ratio for 601601 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.1x
601318 Ping An Insurance (Group) Company of China
8.6x7.3%CN¥913.1b
601336 New China Life Insurance
7.7x-11.7%CN¥126.8b
G Assicurazioni Generali
11.8x8.1%€41.3b
AIG American International Group
12.5x37.4%US$47.3b
601601 China Pacific Insurance (Group)
8.1x-5.4%CN¥308.6b

Price-To-Earnings vs Peers: 601601 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (10.1x).

Price to Earnings Ratio vs Industry

How does 601601's PE Ratio compare vs other companies in the Asian Insurance Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
601601 8.1xIndustry Avg. 11.0xNo. of Companies44PE0816243240+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 601601 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Asian Insurance industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is 601601'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.

601601 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: 601601 is expensive based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).

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 601601 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥35.54
CN¥38.22
+7.5%
18.1%CN¥49.50CN¥26.00n/a17
Nov ’25CN¥36.68
CN¥36.83
+0.4%
18.4%CN¥49.50CN¥26.00n/a17
Oct ’25CN¥39.10
CN¥33.29
-14.9%
18.7%CN¥41.80CN¥19.10n/a17
Sep ’25CN¥29.64
CN¥31.80
+7.3%
20.1%CN¥41.80CN¥19.10n/a17
Aug ’25CN¥29.54
CN¥30.72
+4.0%
21.2%CN¥40.80CN¥17.40n/a18
Jul ’25CN¥28.54
CN¥30.41
+6.5%
21.6%CN¥40.80CN¥17.40n/a19
Jun ’25CN¥28.78
CN¥29.81
+3.6%
22.2%CN¥40.80CN¥17.40n/a19
May ’25CN¥25.80
CN¥28.40
+10.1%
24.5%CN¥40.80CN¥17.40n/a19
Apr ’25CN¥23.72
CN¥27.89
+17.6%
25.2%CN¥40.80CN¥17.40n/a17
Mar ’25CN¥25.27
CN¥29.37
+16.2%
27.4%CN¥45.00CN¥17.95n/a18
Feb ’25CN¥24.12
CN¥29.91
+24.0%
29.0%CN¥45.00CN¥17.95n/a18
Jan ’25CN¥23.78
CN¥31.44
+32.2%
27.0%CN¥45.00CN¥17.95n/a16
Dec ’24CN¥23.91
CN¥31.67
+32.5%
24.4%CN¥45.00CN¥17.95n/a18
Nov ’24CN¥27.50
CN¥31.72
+15.3%
24.6%CN¥45.00CN¥17.95CN¥36.6818
Oct ’24CN¥28.59
CN¥31.86
+11.5%
23.5%CN¥45.00CN¥17.95CN¥39.1019
Sep ’24CN¥29.25
CN¥32.44
+10.9%
22.7%CN¥45.00CN¥17.95CN¥29.6420
Aug ’24CN¥29.68
CN¥32.43
+9.3%
23.4%CN¥45.00CN¥17.00CN¥29.5419
Jul ’24CN¥25.98
CN¥32.43
+24.8%
23.4%CN¥45.00CN¥17.00CN¥28.5419
Jun ’24CN¥28.20
CN¥32.15
+14.0%
23.4%CN¥45.00CN¥17.00CN¥28.7818
May ’24CN¥31.21
CN¥31.59
+1.2%
23.7%CN¥45.00CN¥17.00CN¥25.8018
Apr ’24CN¥25.92
CN¥29.61
+14.2%
23.4%CN¥41.81CN¥16.15CN¥23.7217
Mar ’24CN¥28.70
CN¥29.06
+1.2%
24.8%CN¥41.82CN¥16.15CN¥25.2718
Feb ’24CN¥25.99
CN¥27.83
+7.1%
24.5%CN¥41.00CN¥16.15CN¥24.1218
Jan ’24CN¥24.52
CN¥25.45
+3.8%
25.2%CN¥40.05CN¥13.00CN¥23.7818
Dec ’23CN¥24.18
CN¥24.61
+1.8%
23.6%CN¥35.00CN¥12.56CN¥23.9118
Nov ’23CN¥20.64
CN¥24.50
+18.7%
23.6%CN¥35.00CN¥13.00CN¥27.5018

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

China Life Insurance

HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

601628

HK$44.31

7D

-2.7%

1Y

40.2%

New China Life Insurance

CN¥126.7b

Provides life insurance products and services to individuals and institutions in China.

601336

CN¥49.46

7D

-10.3%

1Y

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China Pacific Insurance (Group)

CN¥308.8b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

601601

CN¥35.13

7D

-1.8%

1Y

42.6%