| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
2318 Stock Overview
Ping An Insurance (Group) Company of China, Ltd.
Ping An Insurance (Group) Company of China Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$65.95 |
| 52 Week High | HK$99.80 |
| 52 Week Low | HK$48.80 |
| Beta | 0.99 |
| 1 Month Change | 17.35% |
| 3 Month Change | 5.27% |
| 1 Year Change | -32.36% |
| 3 Year Change | -10.15% |
| 5 Year Change | 64.46% |
| Change since IPO | 1,168.27% |
Recent News & Updates
Ping An Insurance (Group) Company of China (HKG:2318) Is Increasing Its Dividend To HK$1.06
Ping An Insurance (Group) Company of China, Ltd. ( HKG:2318 ) will increase its dividend on the 25th of October to...
Ping An Insurance (Group) Company of China's (HKG:2318) Shareholders Will Receive A Bigger Dividend Than Last Year
Ping An Insurance (Group) Company of China, Ltd. ( HKG:2318 ) will increase its dividend on the 25th of October to...
Shareholder Returns
| 2318 | HK Insurance | HK Market | |
|---|---|---|---|
| 7D | 7.5% | 5.3% | 1.9% |
| 1Y | -32.4% | -20.4% | -13.4% |
Return vs Industry: 2318 underperformed the Hong Kong Insurance industry which returned -20.4% over the past year.
Return vs Market: 2318 underperformed the Hong Kong Market which returned -13.4% over the past year.
Price Volatility
| 2318 volatility | |
|---|---|
| 2318 Average Weekly Movement | 4.3% |
| Insurance Industry Average Movement | 3.6% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in HK Market | 13.1% |
| 10% least volatile stocks in HK Market | 3.1% |
Stable Share Price: 2318 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2318's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | 362,035 | Jason Yao | https://www.pingan.com |
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People’s Republic of China. The company’s Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.
Ping An Insurance (Group) Company of China Fundamentals Summary
| 2318 fundamental statistics | |
|---|---|
| Market Cap | CN¥972.05b |
| Earnings (TTM) | CN¥121.70b |
| Revenue (TTM) | CN¥1.33t |
8.0x
P/E Ratio0.7x
P/S RatioIs 2318 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2318 income statement (TTM) | |
|---|---|
| Revenue | CN¥1.33t |
| Cost of Revenue | CN¥855.33b |
| Gross Profit | CN¥479.20b |
| Expenses | CN¥357.51b |
| Earnings | CN¥121.70b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Mar 17, 2022
| Earnings per share (EPS) | 6.71 |
| Gross Margin | 35.91% |
| Net Profit Margin | 9.12% |
| Debt/Equity Ratio | 200.1% |
How did 2318 perform over the long term?
See historical performance and comparisonDividends
4.2%
Current Dividend Yield8%
Payout RatioValuation
Is Ping An Insurance (Group) Company of China undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2318 (HK$65.95) is trading below our estimate of fair value (HK$213.07)
Significantly Below Fair Value: 2318 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2318 is poor value based on its PE Ratio (8x) compared to the Hong Kong Insurance industry average (5.2x).
PE vs Market: 2318 is good value based on its PE Ratio (8x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 2318 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 2318 is overvalued based on its PB Ratio (1.2x) compared to the HK Insurance industry average (0.5x).
Future Growth
How is Ping An Insurance (Group) Company of China forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
16.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2318's forecast earnings growth (16.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 2318's earnings (16.4% per year) are forecast to grow slower than the Hong Kong market (16.5% per year).
High Growth Earnings: 2318's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2318's revenue (2.5% per year) is forecast to grow slower than the Hong Kong market (11.6% per year).
High Growth Revenue: 2318's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2318's Return on Equity is forecast to be low in 3 years time (17.2%).
Past Performance
How has Ping An Insurance (Group) Company of China performed over the past 5 years?
15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2318 has a large one-off loss of CN¥80.5B impacting its September 30 2021 financial results.
Growing Profit Margin: 2318's current net profit margins (9.1%) are lower than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: 2318's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: 2318's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2318 had negative earnings growth (-1%) over the past year, making it difficult to compare to the Insurance industry average (28.4%).
Return on Equity
High ROE: 2318's Return on Equity (13.5%) is considered low.
Financial Health
How is Ping An Insurance (Group) Company of China's financial position?
Financial Position Analysis
Short Term Liabilities: 2318's short term assets (CN¥2,779.4B) exceed its short term liabilities (CN¥282.3B).
Long Term Liabilities: 2318's short term assets (CN¥2,779.4B) do not cover its long term liabilities (CN¥8,747.8B).
Debt to Equity History and Analysis
Debt Level: 2318's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: 2318's debt to equity ratio has increased from 181.5% to 200.1% over the past 5 years.
Debt Coverage: 2318's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: 2318's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
Dividend
What is Ping An Insurance (Group) Company of China current dividend yield, its reliability and sustainability?
4.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2318's dividend (4.25%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).
High Dividend: 2318's dividend (4.25%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.95%).
Stability and Growth of Payments
Stable Dividend: 2318's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2318's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8%), 2318's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2318's dividends in 3 years are forecast to be well covered by earnings (27.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Jason Yao (50 yo)
11.75yrs
Tenure
CN¥9,132,000
Compensation
Mr. Bo Yao, also known as Jason, has been the Chief Actuary of Ping An Insurance (Group) Company of China, Ltd. since October 2012 and also serves as its Co-Chief Executive Officer since July 01, 2020. Mr....
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD1.44M) is about average for companies of similar size in the Hong Kong market ($USD1.18M).
Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: 2318's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Experienced Board: 2318's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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
Ping An Insurance (Group) Company of China, Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Ping An Insurance (Group) Company of China, Ltd.
- Ticker: 2318
- Exchange: SEHK
- Founded: 1988
- Industry: Life and Health Insurance
- Sector: Insurance
- Implied Market Cap: HK$1.194t
- Shares outstanding: 18.13b
- Website: https://www.pingan.com
Number of Employees
Location
- Ping An Insurance (Group) Company of China, Ltd.
- Ping An Finance Center
- 47th, 48th
- Shenzhen
- Guangdong Province
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 10:03 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.