Executive Summary
AIA Group Limited, together with its subsidiaries, provides insurance products and services.
Rewards
Risk Analysis
1299 passed our risk checks.
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has AIA Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1299 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
1299
1.3%
HK Insurance
2.5%
HK Market
1 Year Return
-6.1%
1299
-5.7%
HK Insurance
6.1%
HK Market
Return vs Industry: 1299 matched the Hong Kong Insurance industry which returned -5.7% over the past year.
Return vs Market: 1299 underperformed the Hong Kong Market which returned 6.1% over the past year.
Shareholder returns
| 1299 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 1.3% | 2.5% |
| 30 Day | -7.4% | -6.0% | -0.6% |
| 90 Day | 2.2% | 7.7% | 9.1% |
| 1 Year | -4.4%-6.1% | -2.7%-5.7% | 10.5%6.1% |
| 3 Year | 27.0%20.9% | 10.2%2.4% | 2.8%-8.2% |
| 5 Year | 60.7%48.8% | 18.0%5.9% | 14.1%-5.0% |
Price Volatility Vs. Market
How volatile is AIA Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Does AIA Group Limited (HKG:1299) Have A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
AIA Group Limited's (HKG:1299) Stock Is Going Strong: Is the Market Following Fundamentals?1 month ago | Simply Wall St
What Kind Of Shareholder Appears On The AIA Group Limited's (HKG:1299) Shareholder Register?Valuation
Is AIA Group undervalued compared to its fair value and its price relative to the market?
16.63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1299 (HK$71.15) is trading above our estimate of fair value (HK$65.84)
Significantly Below Fair Value: 1299 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1299 is poor value based on its PE Ratio (16.6x) compared to the HK Insurance industry average (8.3x).
PE vs Market: 1299 is poor value based on its PE Ratio (16.6x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1299 is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: 1299 is overvalued based on its PB Ratio (1.9x) compared to the HK Insurance industry average (0.9x).
Next Steps
Future Growth
How is AIA Group forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
8.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1299's forecast earnings growth (8.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 1299's earnings (8.3% per year) are forecast to grow slower than the Hong Kong market (18.4% per year).
High Growth Earnings: 1299's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1299's revenue (0.1% per year) is forecast to grow slower than the Hong Kong market (11.4% per year).
High Growth Revenue: 1299's revenue (0.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1299's Return on Equity is forecast to be low in 3 years time (11.3%).
Next Steps
Past Performance
How has AIA Group performed over the past 5 years?
11.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1299 has high quality earnings.
Growing Profit Margin: 1299's current net profit margins (13.9%) are higher than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: 1299's earnings have grown by 11.7% per year over the past 5 years.
Accelerating Growth: 1299's earnings growth over the past year (127.7%) exceeds its 5-year average (11.7% per year).
Earnings vs Industry: 1299 earnings growth over the past year (127.7%) exceeded the Insurance industry 61%.
Return on Equity
High ROE: 1299's Return on Equity (11.5%) is considered low.
Next Steps
Financial Health
How is AIA Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1299's short term assets ($95.8B) exceed its short term liabilities ($30.9B).
Long Term Liabilities: 1299's short term assets ($95.8B) do not cover its long term liabilities ($195.2B).
Debt to Equity History and Analysis
Debt Level: 1299's debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 1299's debt to equity ratio has reduced from 21.8% to 13.4% over the past 5 years.
Debt Coverage: 1299's debt is well covered by operating cash flow (43.1%).
Interest Coverage: 1299's interest payments on its debt are well covered by EBIT (32.3x coverage).
Balance Sheet
Next Steps
Dividend
What is AIA Group current dividend yield, its reliability and sustainability?
1.78%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1299's dividend (1.78%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 1299's dividend (1.78%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1299 has been paying a dividend for less than 10 years.
Growing Dividend: 1299's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.4%), 1299's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1299's dividends in 3 years are forecast to be well covered by earnings (37.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Yuan Siong Lee (54 yo)
0.17
Tenure
Mr. Yuan Siong Lee has been Group Chief Executive, Executive Director and President of AIA Group Limited since June 1, 2020. Mr. Lee is Non-executive Director of Ping An Healthcare and Technology Company L ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Adviser to the Board | 0.17yr | US$10.50m | 0.022% $ 194.1m | |
| Group Chief Executive | 0.17yr | no data | 0.031% $ 266.2m | |
| Group Chief Financial Officer | 9.33yrs | no data | no data | |
| Regional Chief Executive & Group Chief Life Operations Officer | no data | no data | no data | |
| Group Chief Investment Officer | 4.92yrs | no data | no data | |
| Group Chief Technology Officer | 3.17yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Group Chief Strategy & Corporate Development Officer | 3.17yrs | no data | no data | |
| Group Chief Marketing Officer | 3.17yrs | no data | no data | |
| Group Chief Human Resources Officer | 3.17yrs | no data | no data | |
| Regional Chief Executive | no data | no data | no data |
3.2yrs
Average Tenure
55yo
Average Age
Experienced Management: 1299's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive | 0.17yr | no data | 0.031% $ 266.2m | |
| Independent Non-Executive Chairman | 9.58yrs | US$776.58k | 0.028% $ 240.6m | |
| Independent Non-Executive Director | 9.92yrs | US$268.00k | 0.0011% $ 9.3m | |
| Independent Non-Executive Director | 5.92yrs | US$213.00k | 0.0013% $ 11.5m | |
| Independent Non-Executive Director | 4.58yrs | US$273.00k | no data | |
| Independent Non-Executive Director | 5yrs | US$213.00k | no data | |
| Independent Non-Executive Director | 9.92yrs | US$228.00k | 0.00071% $ 6.1m | |
| Independent Non-Executive Director | 2.92yrs | US$183.00k | no data | |
| Independent Non-Executive Director | 9.08yrs | US$268.00k | 0.00066% $ 5.7m | |
| Independent Non-Executive Director | 7.75yrs | US$253.00k | 0.00041% $ 3.5m |
6.8yrs
Average Tenure
67.5yo
Average Age
Experienced Board: 1299's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1299 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AIA Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AIA Group Limited
- Ticker: 1299
- Exchange: SEHK
- Founded: 1919
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: HK$862.833b
- Shares outstanding: 12.05b
- Website: https://www.aia.com
Number of Employees
Location
- AIA Group Limited
- AIA Central
- 35th Floor
- Central
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1299 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2010 |
| AAIG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2010 |
| 7A2 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2010 |
| 1299 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2010 |
| 1299 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2010 |
| 1299 N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Oct 2010 |
| AAGI.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jun 2011 |
Biography
AIA Group Limited, together with its subsidiaries, provides insurance products and services. The company offers life, medical, accident protection, critical illness protection, and disability income protec ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/07 12:39 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.