The People's Insurance Company (Group) of China Limited

SEHK:1339 Stock Report

Market Cap: HK$218.5b

People's Insurance Company (Group) of China Valuation

Is 1339 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 1339 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1339 (HK$2.67) is trading below our estimate of fair value (HK$13.13)

Significantly Below Fair Value: 1339 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1339?

Other financial metrics that can be useful for relative valuation.

1339 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA11.1x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 1339's PE Ratio compare to its peers?

The above table shows the PE ratio for 1339 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.6x
2328 PICC Property and Casualty
8.2x9.3%HK$217.8b
2628 China Life Insurance
14.9x22.2%HK$765.7b
222 Min Xin Holdings
34.4xn/aHK$1.4b
1299 AIA Group
21x17.1%HK$630.1b
1339 People's Insurance Company (Group) of China
5.6x13.2%HK$218.5b

Price-To-Earnings vs Peers: 1339 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (19.6x).


Price to Earnings Ratio vs Industry

How does 1339's PE Ratio compare vs other companies in the Asian Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 1339 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the Asian Insurance industry average (11.2x).


Price to Earnings Ratio vs Fair Ratio

What is 1339'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.

1339 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: 1339 is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).


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 1339 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$2.67
HK$3.35
+25.6%
14.1%HK$4.29HK$2.47n/a18
Jun ’25HK$2.72
HK$3.36
+23.4%
14.1%HK$4.29HK$2.47n/a18
May ’25HK$2.58
HK$3.28
+27.1%
13.9%HK$4.30HK$2.47n/a17
Apr ’25HK$2.50
HK$3.28
+31.2%
14.4%HK$4.30HK$2.48n/a16
Mar ’25HK$2.64
HK$3.22
+22.0%
15.1%HK$4.06HK$2.29n/a15
Feb ’25HK$2.47
HK$3.26
+31.8%
16.3%HK$4.15HK$2.28n/a15
Jan ’25HK$2.40
HK$3.46
+44.3%
17.6%HK$4.97HK$2.31n/a16
Dec ’24HK$2.51
HK$3.45
+37.6%
17.4%HK$4.95HK$2.32n/a16
Nov ’24HK$2.59
HK$3.41
+31.6%
17.7%HK$4.83HK$2.27n/a14
Oct ’24HK$2.81
HK$3.47
+23.3%
17.1%HK$4.85HK$2.27n/a14
Sep ’24HK$2.67
HK$3.45
+29.0%
17.7%HK$4.88HK$2.29n/a16
Aug ’24HK$2.91
HK$3.33
+14.4%
18.7%HK$4.92HK$2.22n/a18
Jul ’24HK$2.84
HK$3.37
+18.6%
18.7%HK$5.00HK$2.26n/a18
Jun ’24HK$2.95
HK$3.32
+12.5%
16.4%HK$4.34HK$2.25HK$2.7218
May ’24HK$3.08
HK$3.30
+7.2%
16.4%HK$4.47HK$2.29HK$2.5817
Apr ’24HK$2.62
HK$3.22
+23.1%
18.3%HK$4.50HK$2.27HK$2.5017
Mar ’24HK$2.55
HK$3.23
+26.8%
19.9%HK$4.42HK$2.25HK$2.6418
Feb ’24HK$2.67
HK$3.29
+23.1%
18.9%HK$4.51HK$2.29HK$2.4718
Jan ’24HK$2.59
HK$3.21
+23.9%
15.0%HK$3.95HK$2.50HK$2.4016
Dec ’23HK$2.52
HK$3.07
+21.8%
16.1%HK$3.84HK$2.36HK$2.5117
Nov ’23HK$2.22
HK$3.02
+36.1%
16.2%HK$3.86HK$2.33HK$2.5918
Oct ’23HK$2.28
HK$3.03
+32.9%
15.4%HK$3.85HK$2.37HK$2.8119
Sep ’23HK$2.45
HK$3.11
+27.0%
15.5%HK$4.01HK$2.45HK$2.6719
Aug ’23HK$2.33
HK$3.05
+31.0%
13.8%HK$3.91HK$2.50HK$2.9119
Jul ’23HK$2.40
HK$3.02
+25.8%
12.6%HK$3.94HK$2.37HK$2.8419
Jun ’23HK$2.49
HK$2.96
+19.0%
13.2%HK$3.89HK$2.35HK$2.9519

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


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