AIA Group Valuation
Is 1299 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 1299 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1299 (HK$61.35) is trading below our estimate of fair value (HK$91.53)
Significantly Below Fair Value: 1299 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1299?
Other financial metrics that can be useful for relative valuation.
| What is 1299's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | US$87.91b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.7x |
| Enterprise Value/EBITDA | 15.8x |
| PEG Ratio | 1.4x |
Price to Earnings Ratio vs Peers
How does 1299's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.4x | ||
2628 China Life Insurance | 15.5x | 23.1% | HK$772.9b |
966 China Taiping Insurance Holdings | 5.1x | 14.3% | HK$27.4b |
6963 Sunshine Insurance Group | 7.7x | 17.8% | HK$31.1b |
1339 People's Insurance Company (Group) of China | 5.5x | 14.1% | HK$224.2b |
1299 AIA Group | 23.4x | 16.8% | HK$686.9b |
Price-To-Earnings vs Peers: 1299 is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the peer average (8.4x).
Price to Earnings Ratio vs Industry
How does 1299's PE Ratio compare vs other companies in the Asian Insurance Industry?
Price-To-Earnings vs Industry: 1299 is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the Asian Insurance industry average (12x).
Price to Earnings Ratio vs Fair Ratio
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 23.4x |
| Fair PE Ratio | 8.7x |
Price-To-Earnings vs Fair Ratio: 1299 is expensive based on its Price-To-Earnings Ratio (23.4x) compared to the estimated Fair Price-To-Earnings Ratio (8.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | HK$61.35 | HK$94.33 +53.8% | 14.0% | HK$144.94 | HK$73.88 | n/a | 20 |
| Apr ’25 | HK$52.55 | HK$96.82 +84.2% | 13.1% | HK$145.12 | HK$80.05 | n/a | 20 |
| Mar ’25 | HK$62.55 | HK$98.55 +57.6% | 14.3% | HK$145.13 | HK$80.03 | n/a | 20 |
| Feb ’25 | HK$61.15 | HK$99.74 +63.1% | 13.6% | HK$145.04 | HK$80.00 | n/a | 20 |
| Jan ’25 | HK$68.05 | HK$100.00 +47.0% | 12.7% | HK$145.06 | HK$86.78 | n/a | 21 |
| Dec ’24 | HK$66.85 | HK$100.68 +50.6% | 12.9% | HK$144.58 | HK$86.65 | n/a | 20 |
| Nov ’24 | HK$67.40 | HK$99.84 +48.1% | 12.7% | HK$144.87 | HK$86.94 | n/a | 19 |
| Oct ’24 | HK$63.85 | HK$103.48 +62.1% | 12.1% | HK$144.60 | HK$86.76 | n/a | 20 |
| Sep ’24 | HK$71.20 | HK$103.67 +45.6% | 11.9% | HK$145.06 | HK$86.09 | n/a | 21 |
| Aug ’24 | HK$77.15 | HK$104.72 +35.7% | 10.7% | HK$144.65 | HK$89.99 | n/a | 23 |
| Jul ’24 | HK$79.10 | HK$105.29 +33.1% | 10.6% | HK$145.07 | HK$89.86 | n/a | 23 |
| Jun ’24 | HK$75.20 | HK$105.67 +40.5% | 10.5% | HK$144.67 | HK$89.92 | n/a | 23 |
| May ’24 | HK$84.95 | HK$105.87 +24.6% | 10.5% | HK$145.01 | HK$90.00 | HK$57.80 | 23 |
| Apr ’24 | HK$82.65 | HK$106.26 +28.6% | 10.9% | HK$145.02 | HK$89.99 | HK$52.55 | 23 |
| Mar ’24 | HK$85.50 | HK$105.68 +23.6% | 11.9% | HK$145.28 | HK$77.99 | HK$62.55 | 25 |
| Feb ’24 | HK$86.95 | HK$104.90 +20.6% | 13.2% | HK$145.01 | HK$69.23 | HK$61.15 | 25 |
| Jan ’24 | HK$86.80 | HK$100.36 +15.6% | 13.9% | HK$141.58 | HK$68.91 | HK$68.05 | 24 |
| Dec ’23 | HK$80.35 | HK$97.87 +21.8% | 15.0% | HK$141.87 | HK$68.66 | HK$66.85 | 24 |
| Nov ’23 | HK$63.40 | HK$98.37 +55.2% | 15.9% | HK$142.00 | HK$69.00 | HK$67.40 | 23 |
| Oct ’23 | HK$65.45 | HK$101.93 +55.7% | 13.1% | HK$142.07 | HK$75.01 | HK$63.85 | 26 |
| Sep ’23 | HK$75.25 | HK$102.91 +36.8% | 13.5% | HK$142.04 | HK$74.99 | HK$71.20 | 26 |
| Aug ’23 | HK$77.20 | HK$104.03 +34.8% | 12.9% | HK$142.01 | HK$78.02 | HK$77.15 | 26 |
| Jul ’23 | HK$85.05 | HK$105.21 +23.7% | 13.4% | HK$142.14 | HK$77.99 | HK$79.10 | 26 |
| Jun ’23 | HK$80.80 | HK$105.11 +30.1% | 13.1% | HK$142.10 | HK$77.98 | HK$75.20 | 27 |
| May ’23 | HK$77.75 | HK$105.57 +35.8% | 12.8% | HK$142.09 | HK$78.00 | HK$84.95 | 27 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.