How does 1299's PE Ratio compare to its peers?

1299 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (5.7x).

How does 1299's PE Ratio compare vs other companies in the Asian Insurance Industry?

1299 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the Asian Insurance industry average (11.1x).

What is 1299'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.

1299 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

What is the Fair Price of 1299 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1299 (HK$54.6) is trading below our estimate of [[fair value]] (HK$101.56)

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

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

1299 Stock Overview

Provides life insurance based financial services. More details

1299 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	3/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 46.2% below our estimate of its fair value

Earnings are forecast to grow 13.87% per year

Analysts in good agreement that stock price will rise by 70.3%

Risk Analysis

1299 passed our risk checks.

My Notes

Capture your thoughts, links and company narrative

AIA Group Limited Competitors

China Life Insurance

SEHK:2628

HK$1.0t

China Taiping Insurance Holdings

SEHK:966

HK$42.3b

Sunshine Insurance Group

SEHK:6963

HK$31.5b

People's Insurance Company (Group) of China

SEHK:1339

HK$312.0b

Price History & Performance

Summary of share price highs, lows and changes for AIA Group
Historical stock prices
Current Share Price	HK$54.60
52 Week High	HK$74.60
52 Week Low	HK$45.25
Beta	0.76
1 Month Change	-4.55%
3 Month Change	-6.27%
1 Year Change	-17.58%
3 Year Change	-30.53%
5 Year Change	-31.23%
Change since IPO	136.88%

Market Participants Recognise AIA Group Limited's (HKG:1299) Earnings Pushing Shares 26% Higher

Sep 30

AIA Group's (HKG:1299) Dividend Will Be $0.445

Aug 25

Recent updates

Market Participants Recognise AIA Group Limited's (HKG:1299) Earnings Pushing Shares 26% Higher

Sep 30

AIA Group (HKG:1299) Has Announced That It Will Be Increasing Its Dividend To $1.19

May 04

AIA Group (HKG:1299) Will Pay A Larger Dividend Than Last Year At $1.19

Apr 20

What You Can Learn From AIA Group Limited's (HKG:1299) P/EAfter Its 25% Share Price Crash

Apr 12

AIA Group (HKG:1299) Is Paying Out A Larger Dividend Than Last Year

Apr 06

AIA Group (HKG:1299) Will Pay A Larger Dividend Than Last Year At $1.19

Mar 18

Revenues Not Telling The Story For AIA Group Limited (HKG:1299)

Dec 21

Shareholder Returns

	1299	HK Insurance	HK Market
7D	-5.5%	-3.6%	-0.9%
1Y	-17.6%	22.9%	19.2%

Return vs Industry: 1299 underperformed the Hong Kong Insurance industry which returned 22.9% over the past year.

Return vs Market: 1299 underperformed the Hong Kong Market which returned 19.2% over the past year.

Price Volatility

Is 1299's price volatile compared to industry and market?
1299 volatility
1299 Average Weekly Movement	5.4%
Insurance Industry Average Movement	9.7%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	18.7%
10% least volatile stocks in HK Market	4.1%

Stable Share Price: 1299 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1299's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1919	n/a	Yuan Siong Lee	www.aia.com

AIA Group Limited, together with its subsidiaries, provides life insurance based financial services. The company offers life insurance, accident, and health insurance and savings plans; and employee benefits, credit life, and pension services to corporate clients. It is also involved in the distribution of investment and other financial services products.

AIA Group Limited Fundamentals Summary

How do AIA Group's earnings and revenue compare to its market cap?
1299 fundamental statistics
Market cap	HK$589.69b
Earnings (TTM)	HK$37.52b
Revenue (TTM)	HK$163.12b

15.7x

P/E Ratio

3.6x

P/S Ratio

Is 1299 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1299 income statement (TTM)
Revenue	US$20.99b
Cost of Revenue	US$13.32b
Gross Profit	US$7.67b
Other Expenses	US$2.84b
Earnings	US$4.83b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.45
Gross Margin	36.55%
Net Profit Margin	23.00%
Debt/Equity Ratio	38.6%

How did 1299 perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

49%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 22:24
End of Day Share Price	2024/12/19 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

AIA Group Limited is covered by 48 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark William Kellock	Barclays
Dominic Chan	BNP Paribas Securities (Asia)
Tszwai Chin	BOCI Research Ltd.

1299 Stock Overview

Rewards

Risk Analysis

AIA Group Limited Competitors

SEHK:2628

HK$1.0t

SEHK:966

HK$42.3b

SEHK:6963

HK$31.5b

SEHK:1339

HK$312.0b

Price History & Performance

Recent News & Updates

AIA Group Limited to Report Q3, 2024 Results on Oct 31, 2024

Market Participants Recognise AIA Group Limited's (HKG:1299) Earnings Pushing Shares 26% Higher

Investor sentiment improves as stock rises 17%

AIA Group's (HKG:1299) Dividend Will Be $0.445

First half dividend of HK$0.45 announced

First half 2024 earnings released: EPS: US$0.29 (vs US$0.19 in 1H 2023)

Recent updates

AIA Group Limited to Report Q3, 2024 Results on Oct 31, 2024

Market Participants Recognise AIA Group Limited's (HKG:1299) Earnings Pushing Shares 26% Higher

Investor sentiment improves as stock rises 17%

AIA Group's (HKG:1299) Dividend Will Be $0.445

First half dividend of HK$0.45 announced

First half 2024 earnings released: EPS: US$0.29 (vs US$0.19 in 1H 2023)

AIA Group Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on 25 September 2024

AIA Group Limited's (HKG:1299) Share Price Matching Investor Opinion

AIA Group Limited to Report First Half, 2024 Results on Aug 22, 2024

AIA Group Limited Announces Committee Changes, Effective 8 July 2024

AIA Group's (HKG:1299) Dividend Will Be Increased To $1.19

AIA Group Limited Declares Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$1.19 per share

AIA Group (HKG:1299) Has Announced That It Will Be Increasing Its Dividend To $1.19

Investor sentiment improves as stock rises 15%

AIA Group (HKG:1299) Will Pay A Larger Dividend Than Last Year At $1.19

AIA Group Limited to Report Q1, 2024 Results on Apr 29, 2024

What You Can Learn From AIA Group Limited's (HKG:1299) P/EAfter Its 25% Share Price Crash

AIA Group (HKG:1299) Is Paying Out A Larger Dividend Than Last Year

Consensus EPS estimates fall by 16%, revenue upgraded

AIA Group (HKG:1299) Will Pay A Larger Dividend Than Last Year At $1.19

Final dividend of HK$1.19 announced

AIA Group Limited, Annual General Meeting, May 24, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

AIA Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Revenues Not Telling The Story For AIA Group Limited (HKG:1299)

New minor risk - Earnings quality

Now 20% undervalued

AIA Group Limited to Report Q3, 2023 Results on Nov 03, 2023

Independent Non-Executive Director recently bought HK$3.9m worth of stock

AIA Group Limited Announces Appointment of Nor Shamsiah Binti Mohd Yunus as Independent Non-Executive Director and Member of Nomination Committee Effective September 21, 2023

Upcoming dividend of HK$0.42 per share at 2.2% yield

First half 2023 earnings released: EPS: US$0.19 (vs US$0.13 in 1H 2022)

AIA Group Limited Announces an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 26 September 2023

AIA Group Limited to Report First Half, 2023 Results on Aug 24, 2023

Insufficient new directors

AAIA a Group Limited Announces Board Changes

AIA Group Limited Declares Final Dividend for the Year Ended 31 December 2022

Upcoming dividend of HK$1.13 per share at 1.9% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment improved over the past week

AIA Hong Kong Announces the Launch of AIA Wealth Elite 2 - Sapphire

Now 20% undervalued after recent price drop

Consensus forecasts updated

AIA Group Limited (SEHK:1299) agreed to acquire MediCard Philippines, Inc.

AIA Group Limited (SEHK:1299) agreed to acquire MediCard Philippines, Inc.

Upcoming dividend of HK$0.40 per share

Consensus forecasts updated

AIA Group Limited Declares Interim Dividend for the Six Months Ended 30 June 2022

First half 2022 earnings released: US$0.05 loss per share (vs US$0.27 profit in 1H 2021)

AIA Group Limited Declares Interim Dividend

AIA Group Limited Appoints Sun Jie as Member of the Audit Committee and the Remuneration Committee, Effective 1 June 2022

AIA Group Limited Declares Final Dividend for the Year Ended December 31, 2022

Upcoming dividend of HK$1.08 per share

AIA Group Limited Proposes to Declare Final Dividend of 108 Hong Kong Cents Per Share for the Year Ended December 31, 2022

AIA Group Limited to Report Q1, 2022 Results on Apr 29, 2022

AIA Group Limited to Report First Half, 2022 Results on Aug 25, 2022

Full year 2021 earnings: Revenues miss analyst expectations

AIA Group Limited (SEHK:1299) entered into the Share Sale Agreement to acquire Blue Cross (Asia-Pacific) Insurance Limited from The Bank of East Asia, Limited (SEHK:23) for HKD 2106 million.