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ZhongAn Online P & C Insurance

DB:1ZO
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1ZO
DB
HK$29B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

ZhongAn Online P & C Insurance Co., Ltd., an online Insuretech company, provides Internet insurance and information technology services in the People’s Republic of China. The last earnings update was 112 days ago. More info.


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  • ZhongAn Online P & C Insurance has significant price volatility in the past 3 months.
1ZO Share Price and Events
7 Day Returns
-1.8%
DB:1ZO
-1%
DE Insurance
-1.8%
DE Market
1 Year Returns
-51.6%
DB:1ZO
20.6%
DE Insurance
-6.7%
DE Market
1ZO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ZhongAn Online P & C Insurance (1ZO) -1.8% -6.9% -33.5% -51.6% - -
DE Insurance -1% 3.2% 4% 20.6% 60.3% 60.2%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • 1ZO underperformed the Insurance industry which returned 20.6% over the past year.
  • 1ZO underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is ZhongAn Online P & C Insurance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ZhongAn Online P & C Insurance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ZhongAn Online P & C Insurance.

DB:1ZO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= CN¥10.86 * 2.9%
CN¥0.31
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. CN¥10.86
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1ZO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (10.16%))
0.824
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.824 * 5.96%)
5.14%

Discounted Cash Flow Calculation for DB:1ZO using Excess Returns Model Model

The calculations below outline how an intrinsic value for ZhongAn Online P & C Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1ZO Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.9% – 5.14%) * CN¥10.86)
CN¥-0.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.25 / (5.14% - 0.23%)
CN¥-5.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥10.86 + CN¥-5.01
CN¥5.85
DB:1ZO Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:6060)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.85 x 1.138
HK$6.66
Non-primary Listing Adjustment Factor 1 share in DB:1ZO represents 0.11044x of SEHK:6060
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11044x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.66 x 0.11044
€0.74
Value per share (EUR) From above. €0.74
Current discount Discount to share price of €2.20
= -1 x (€2.20 - €0.74) / €0.74
-199.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ZhongAn Online P & C Insurance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ZhongAn Online P & C Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ZhongAn Online P & C Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1ZO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-1.19
SEHK:6060 Share Price ** SEHK (2019-07-15) in HKD HK$19.92
SEHK:6060 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥17.5
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.39x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ZhongAn Online P & C Insurance.

DB:1ZO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6060 Share Price ÷ EPS (both in CNY)

= 17.5 ÷ -1.19

-14.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ZhongAn Online P & C Insurance is loss making, we can't compare its value to the DE Insurance industry average.
  • ZhongAn Online P & C Insurance is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ZhongAn Online P & C Insurance's expected growth come at a high price?
Raw Data
DB:1ZO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
100.3%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ZhongAn Online P & C Insurance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ZhongAn Online P & C Insurance's assets?
Raw Data
DB:1ZO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥10.50
SEHK:6060 Share Price * SEHK (2019-07-15) in HKD HK$19.92
SEHK:6060 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥17.5
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.07x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:1ZO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6060 Share Price ÷ Book Value per Share (both in CNY)

= 17.5 ÷ 10.50

1.67x

* Primary Listing of ZhongAn Online P & C Insurance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ZhongAn Online P & C Insurance is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess ZhongAn Online P & C Insurance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. ZhongAn Online P & C Insurance has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ZhongAn Online P & C Insurance expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
100.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ZhongAn Online P & C Insurance expected to grow at an attractive rate?
  • ZhongAn Online P & C Insurance's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ZhongAn Online P & C Insurance's earnings growth is expected to exceed the Germany market average.
  • ZhongAn Online P & C Insurance's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1ZO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1ZO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 100.3%
DB:1ZO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 38%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1ZO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1ZO Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 33,675 2,263 1,589 4
2020-12-31 24,490 1,592 485 5
2019-12-31 16,854 587 -610 5
DB:1ZO Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 9,556 -1,279 -1,744
2018-09-30 8,433 -930 -1,555
2018-06-30 7,310 -581 -1,366
2018-03-31 6,674 -333 -1,123
2017-12-31 5,535 -710 -997
2017-09-30 4,995 -535 -523
2017-06-30 4,455 -360 -49
2017-03-31 3,911 -281 63
2016-12-31 3,366 853 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ZhongAn Online P & C Insurance's earnings are expected to grow significantly at over 20% yearly.
  • ZhongAn Online P & C Insurance's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1ZO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from ZhongAn Online P & C Insurance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ZO Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.08 1.59 0.79 6.00
2020-12-31 0.41 0.80 0.10 6.00
2019-12-31 -0.64 -0.21 -1.06 9.00
DB:1ZO Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -1.19
2018-09-30 -1.08
2018-06-30 -0.97
2018-03-31 -0.83
2017-12-31 -0.77
2017-09-30 -0.41
2017-06-30 -0.04
2017-03-31 0.05
2016-12-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ZhongAn Online P & C Insurance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ZhongAn Online P & C Insurance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ZhongAn Online P & C Insurance has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ZhongAn Online P & C Insurance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ZhongAn Online P & C Insurance's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ZhongAn Online P & C Insurance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ZhongAn Online P & C Insurance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ZhongAn Online P & C Insurance's 1-year growth to the DE Insurance industry average as it is not currently profitable.
Earnings and Revenue History
ZhongAn Online P & C Insurance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ZhongAn Online P & C Insurance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ZO Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9,556.28 -1,743.90 4,443.55
2018-09-30 8,432.92 -1,555.10 4,014.58
2018-06-30 7,309.56 -1,366.31 3,585.62
2018-03-31 6,673.82 -1,123.07 3,231.03
2017-12-31 5,535.06 -997.25 2,843.65
2017-09-30 4,995.14 -523.20 2,479.06
2017-06-30 4,455.21 -49.14 2,114.47
2017-03-31 3,910.96 62.66 1,995.40
2016-12-31 3,366.24 9.37 1,690.25
2015-12-31 2,482.79 44.26 893.89
2014-12-31 794.46 27.28 167.29
2013-12-31 52.42 -119.65 176.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ZhongAn Online P & C Insurance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ZhongAn Online P & C Insurance has efficiently used its assets last year compared to the DE Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ZhongAn Online P & C Insurance improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ZhongAn Online P & C Insurance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ZhongAn Online P & C Insurance has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ZhongAn Online P & C Insurance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ZhongAn Online P & C Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ZhongAn Online P & C Insurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ZhongAn Online P & C Insurance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ZhongAn Online P & C Insurance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ZhongAn Online P & C Insurance Company Filings, last reported 6 months ago.

DB:1ZO Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16,474.67 2,612.64 12,753.80
2018-09-30 16,474.67 2,612.64 12,753.80
2018-06-30 16,666.52 1,611.19 13,557.34
2018-03-31 16,666.52 1,611.19 13,557.34
2017-12-31 17,270.70 135.40 13,912.31
2017-09-30 17,270.70 135.40 13,912.31
2017-06-30 6,560.68 53.90 3,107.39
2017-03-31 6,646.24 2.30 2,749.68
2016-12-31 6,858.97 282.67 3,054.77
2015-12-31 6,898.32 1.52 2,696.19
2014-12-31 1,012.89 0.00 197.33
2013-12-31 979.48 0.00 784.79
  • ZhongAn Online P & C Insurance's level of debt (15.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 15.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • ZhongAn Online P & C Insurance has sufficient cash runway for more than 3 years based on current free cash flow.
  • ZhongAn Online P & C Insurance has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 80.8% each year.
X
Financial health checks
We assess ZhongAn Online P & C Insurance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ZhongAn Online P & C Insurance has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ZhongAn Online P & C Insurance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ZhongAn Online P & C Insurance dividends. Estimated to be 0.04% next year.
If you bought €2,000 of ZhongAn Online P & C Insurance shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ZhongAn Online P & C Insurance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ZhongAn Online P & C Insurance's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1ZO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1ZO Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.03 4.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ZhongAn Online P & C Insurance has not reported any payouts.
  • Unable to verify if ZhongAn Online P & C Insurance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ZhongAn Online P & C Insurance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ZhongAn Online P & C Insurance has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ZhongAn Online P & C Insurance's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess ZhongAn Online P & C Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ZhongAn Online P & C Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ZhongAn Online P & C Insurance has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ZhongAn Online P & C Insurance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jin Chen
COMPENSATION CN¥2,019,000
AGE 50
TENURE AS CEO 5.1 years
CEO Bio

Mr. Jin Chen is the Co-Owner of Shanghai Haoguan Investment Management Partnership. Mr. Chen serves as Co-Chief Executive Officer at ZhongAn Online P & C Insurance Co.,Ltd. and has been its Executive Director since November 14, 2014. Mr. Chen is responsible for the overall management of ZhongAn Online P & C Insurance Co.,Ltd. and oversees day-to-day operations. He is visiting professor of the Chinese University of Hong Kong. Mr. Chen has nearly 20 years' experience in finance and business management. He was president of the credit card centre of CITIC Bank Co., Ltd. from August 2006 to May 2014 and a Vice President from July 2005 to August 2006. Prior to that, he worked as a vice president in China Merchants Fund Management Co., Ltd. from 2003 to 2005 and as a vice president at China Merchants Securities Co., Ltd from 2002 to 2003. Mr. Chen was also the head of the director 's office at China Merchants Bank Co., Ltd. from 1999 to 2002. Mr. Chen obtained a bachelor 's degree in engineering and a master 's degree in engineering management from Huazhong University of Technology in July 1991 and June 1994, respectively. In addition, Mr. Chen also obtained an executive master of business administration degree from the Cheung Kong Graduate School of Business in 2012.

CEO Compensation
  • Jin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ZhongAn Online P & C Insurance management team in years:

3.6
Average Tenure
42
Average Age
  • The tenure for the ZhongAn Online P & C Insurance management team is about average.
Management Team

Yaping Ou

TITLE
Executive Chairman of the Board
AGE
57

Jin Chen

TITLE
Co-CEO & Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
5.1 yrs

Hugo Ou

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
27

Xing Jiang

TITLE
Vice GM & Co-CEO
AGE
42

Yongbo Zhang

TITLE
Vice GM
AGE
41
TENURE
5.7 yrs

Ti Wu

TITLE
Vice GM & Chief Marketing Officer
AGE
42
TENURE
4.1 yrs

Min Wang

TITLE
Assistant GM
AGE
34
TENURE
1.9 yrs

Mingyu Ma

TITLE
Assistant GM & Chief Risk Management Officer
AGE
46
TENURE
3.1 yrs

Ella Wong

TITLE
Joint Company Secretary

Hui Teng

TITLE
Chief Actuary
AGE
40
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the ZhongAn Online P & C Insurance board of directors in years:

3.7
Average Tenure
48
Average Age
  • The tenure for the ZhongAn Online P & C Insurance board of directors is about average.
Board of Directors

Yaping Ou

TITLE
Executive Chairman of the Board
AGE
57
TENURE
5.7 yrs

Jin Chen

TITLE
Co-CEO & Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
4.7 yrs

Hugo Ou

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
27
TENURE
1.7 yrs

Shuang Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥125K
AGE
47
TENURE
2.7 yrs

Hui Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥125K
AGE
52
TENURE
2.6 yrs

Yuping Wen

TITLE
Chairman of the Supervisory Committee
AGE
38
TENURE
5.7 yrs

Xinyi Han

TITLE
Non-Executive Director
AGE
42
TENURE
2.7 yrs

Jimmy Lai

TITLE
Non-Executive Director
AGE
46
TENURE
5.7 yrs

Simon Hu

TITLE
Non-Executive Director
AGE
49
TENURE
5.7 yrs

Frank Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥125K
AGE
52
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Feb 19 Sell CDH Investment Advisory Private Limited Company 27. Dec 18 27. Dec 18 -15,660,000 €2.98 €-46,715,007
28. Dec 18 Sell CDH Investment Advisory Private Limited Company 21. Dec 18 21. Dec 18 -10,313,042 €2.98 €-30,736,263
20. Nov 18 Sell CDH Investment Advisory Private Limited Company 19. Nov 18 19. Nov 18 -498,022 €3.48 €-1,734,993
06. Nov 18 Sell Equine Forces Limited Partnership Company 01. Nov 18 01. Nov 18 -6,627,115 €2.92 €-19,334,842
01. Nov 18 Sell CDH Investment Advisory Private Limited Company 31. Oct 18 31. Oct 18 -1,778,653 €2.91 €-5,179,955
31. Oct 18 Sell CDH Investment Advisory Private Limited Company 29. Oct 18 29. Oct 18 -8,039,519 €2.90 €-23,276,697
30. Oct 18 Sell CDH Investment Advisory Private Limited Company 26. Oct 18 26. Oct 18 -2,561,256 €2.90 €-7,418,725
24. Oct 18 Sell Equine Forces Limited Partnership Company 19. Oct 18 19. Oct 18 -14,738,497 €3.11 €-45,817,825
25. Oct 18 Sell Equine Forces Limited Partnership Company 22. Oct 18 22. Oct 18 -8,829,653 €3.22 €-28,425,907
11. Oct 18 Sell Keywise Za Investment Company 10. Oct 18 10. Oct 18 -100,000 €3.01 €-300,953
11. Oct 18 Sell Keywise Za Investment Company 08. Oct 18 08. Oct 18 -200,000 €2.94 €-588,600
11. Oct 18 Sell Keywise Za Investment Company 05. Oct 18 05. Oct 18 -200,000 €2.96 €-592,780
11. Oct 18 Sell Keywise Za Investment Company 09. Oct 18 09. Oct 18 -180,000 €2.99 €-538,509
04. Oct 18 Sell Keywise Za Investment Company 03. Oct 18 03. Oct 18 -200,000 €3.32 €-663,374
X
Management checks
We assess ZhongAn Online P & C Insurance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ZhongAn Online P & C Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ZhongAn Online P & C Insurance Co., Ltd., an online Insuretech company, provides Internet insurance and information technology services in the People’s Republic of China. The company operates through Insurance, Technology, and Others segments. It offers property and casualty insurance products covering accident, bond and credit, health, liability, cargo, household property, and motor insurance, as well as shipping return policy insurance. The company also provides technology development and consulting, IT consulting, bio technology, micro and virtual financing, and insurance broking services. ZhongAn Online P & C Insurance Co., Ltd. was founded in 2013 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: ZhongAn Online P & C Insurance Co., Ltd.
1ZO
Exchange: DB
Founded: 2013
HK$3,323,406,544
1,469,812,900
Website: http://www.zhongan.com
Address: ZhongAn Online P & C Insurance Co., Ltd.
Associate Mission Building,
4th-5th Floors,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6060 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 28. Sep 2017
OTCPK ZZHG.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 28. Sep 2017
DB 1ZO Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 28. Sep 2017
SHSC 6060 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 28. Sep 2017
SZSC 6060 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 28. Sep 2017
Number of employees
Current staff
Staff numbers
3,090
ZhongAn Online P & C Insurance employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 22:24
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.