ZhongAn Online P & C Insurance Co., Ltd.

DB:1ZO Stock Report

Market Cap: €2.3b

ZhongAn Online P & C Insurance Valuation

Is 1ZO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 1ZO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€1.22
Fair Value
19.1% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: 1ZO (€1.45) is trading above our estimate of fair value (€1.22)

Significantly Below Fair Value: 1ZO is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1ZO?

Key metric: As 1ZO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1ZO. This is calculated by dividing 1ZO's market cap by their current earnings.
What is 1ZO's PE Ratio?
PE Ratio4.3x
EarningsCN¥3.91b
Market CapCN¥16.83b

Price to Earnings Ratio vs Peers

How does 1ZO's PE Ratio compare to its peers?

The above table shows the PE ratio for 1ZO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.9x
NBG6 NÜRNBERGER Beteiligungs-AG
13x38.8%€557.6m
TLX Talanx
11x5.2%€21.2b
RLV RheinLand Holding
12xn/a€112.1m
DFV DFV Deutsche Familienversicherung
19.4xn/a€84.6m
1ZO ZhongAn Online P & C Insurance
4.3x-51.8%€18.1b

Price-To-Earnings vs Peers: 1ZO is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (13.9x).

Price to Earnings Ratio vs Industry

How does 1ZO's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1ZO 4.3xIndustry Avg. 12.0xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1ZO is good value based on its Price-To-Earnings Ratio (4.3x) compared to the European Insurance industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1ZO'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.

1ZO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio1.8x

Price-To-Earnings vs Fair Ratio: 1ZO is expensive based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (1.8x).

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 1ZO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.45
€1.90
+31.2%
18.1%€2.60€1.52n/a10
Jan ’26€1.42
€1.86
+30.8%
18.6%€2.56€1.47n/a10
Dec ’25€1.49
€1.91
+28.4%
21.0%€2.65€1.45n/a11
Nov ’25€1.55
€1.90
+22.7%
20.0%€2.64€1.44n/a12
Oct ’25€1.77
€1.83
+3.4%
18.3%€2.58€1.41n/a12
Sep ’25€1.12
€2.23
+99.3%
25.2%€3.38€1.52n/a13
Aug ’25€1.51
€2.54
+68.2%
23.4%€3.69€1.53n/a13
Jul ’25€1.55
€2.51
+62.1%
21.4%€3.44€1.55n/a13
Jun ’25€1.46
€2.60
+78.1%
22.2%€3.49€1.56n/a14
May ’25€1.55
€2.60
+67.9%
22.2%€3.50€1.56n/a14
Apr ’25€1.44
€2.89
+100.7%
25.5%€4.05€1.55n/a16
Mar ’25€1.42
€3.37
+137.0%
14.7%€4.22€2.30n/a16
Feb ’25€1.41
€3.48
+147.2%
15.0%€4.28€2.32€1.5218
Jan ’25€2.04
€3.61
+77.2%
11.9%€4.30€2.84€1.4217
Dec ’24€2.31
€3.57
+54.5%
11.8%€4.25€2.81€1.4917
Nov ’24€2.59
€3.62
+39.8%
11.9%€4.28€2.83€1.5516
Oct ’24€2.75
€3.65
+32.7%
10.5%€4.30€2.92€1.7717
Sep ’24€2.71
€3.52
+29.9%
11.4%€4.21€2.83€1.1218
Aug ’24€2.77
€3.59
+29.7%
17.9%€5.26€2.70€1.5119
Jul ’24€2.44
€3.54
+45.2%
18.4%€5.26€2.67€1.5518
Jun ’24€2.47
€3.66
+48.3%
18.5%€5.46€2.77€1.4618
May ’24€2.76
€3.71
+34.3%
19.0%€5.55€2.82€1.5517
Apr ’24€2.86
€3.70
+29.6%
19.3%€5.56€2.82€1.4417
Mar ’24€2.85
€3.73
+31.0%
20.4%€5.68€2.51€1.4221
Feb ’24€3.01
€3.69
+22.8%
18.9%€5.51€2.47€1.4121
Analyst Price Target
Consensus Narrative from 10 Analysts
€1.86
Fair Value
22.0% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 18:10
End of Day Share Price 2025/02/03 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

ZhongAn Online P & C Insurance Co., Ltd. is covered by 26 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
Sung-yan ChanABCI Securities Company Limited
Michael LiBofA Global Research
Qingqing MaoChina International Capital Corporation Limited