Ping An Insurance (Group) Company of China
SEHK:2318
2318
SEHK
HK$1,626B
Market Cap
Company description
Ping An Insurance (Group) Company of China, Ltd. The last earnings update was 49 days ago. More info.
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2318 Share Price and Events
7 Day Returns
0%
SEHK:2318
1.2%
HK Insurance
0.5%
HK Market
1 Year Returns
10%
SEHK:2318
-3.6%
HK Insurance
-15.9%
HK Market
2318 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Ping An Insurance (Group) Company of China (2318) | 0% | 0.3% | -0.8% | 10% | 155.3% | 189.7% |
| HK Insurance | 1.2% | -1.5% | -7.6% | -3.6% | 60.3% | 59.4% |
| HK Market | 0.5% | -2.7% | -9.9% | -15.9% | 20.6% | 3% |
1 Year Return vs Industry and Market
- 2318 outperformed the Insurance industry which returned -3.6% over the past year.
- 2318 outperformed the Market in Hong Kong which returned -15.9% over the past year.
2318 Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Ping An Insurance (Group) Company of China
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Ping An Insurance (Group) Company of China.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 18 analysts.
= Stable Book Value * Return on Equity = CN¥43.12 * 21.4% |
CN¥9.23 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 16 analysts. | CN¥43.12 |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 25%) (78.93%)) |
1.066 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.07 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.066 * 5.96%) |
8.36% |
Discounted Cash Flow Calculation for SEHK:2318 using Excess Returns Model Model
The calculations below outline how an intrinsic value for Ping An Insurance (Group) Company of China is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (21.4% – 8.36%) * CN¥43.12) |
CN¥5.62 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= CN¥5.62 / (8.36% - 2%) |
CN¥88.51 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= CN¥43.12 + CN¥88.51 |
CN¥131.64 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:2318) |
1.13 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥131.64 x 1.13 |
HK$148.77 |
| Value per share (HKD) | From above. | HK$148.77 |
| Current discount | Discount to share price of
HK$87.20
= -1 x (HK$87.20 - HK$148.77) / HK$148.77 |
41.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
Ping An Insurance (Group) Company of China
is available for.
41%
Share price is
HK$87.2
vs Future cash flow value of
HK$148.77
Current Discount Checks
For
Ping An Insurance (Group) Company of China
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- Ping An Insurance (Group) Company of China's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Ping An Insurance (Group) Company of China's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Ping An Insurance (Group) Company of China's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Ping An Insurance (Group) Company of China's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CNY | CN¥7.13 |
| SEHK:2318 Share Price ** | SEHK (2019-06-14) in HKD | HK$87.2 |
| SEHK:2318 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.885 | CN¥77.16 |
| Hong Kong Insurance Industry PE Ratio | Median Figure of 8 Publicly-Listed Insurance Companies | 12.21x |
| Hong Kong Market PE Ratio | Median Figure of 1,487 Publicly-Listed Companies | 10.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Ping An Insurance (Group) Company of China.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:2318 Share Price ÷ EPS (both in CNY) = 77.16 ÷ 7.13 |
10.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ping An Insurance (Group) Company of China is good value based on earnings compared to the HK Insurance industry average.
- Ping An Insurance (Group) Company of China is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Ping An Insurance (Group) Company of China's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.82x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
14.9%per year |
| Hong Kong Insurance Industry PEG Ratio | Median Figure of 7 Publicly-Listed Insurance Companies | 0.73x |
| Hong Kong Market PEG Ratio | Median Figure of 466 Publicly-Listed Companies | 0.76x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.82x ÷ 14.9% |
0.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ping An Insurance (Group) Company of China is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Ping An Insurance (Group) Company of China's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CNY | CN¥32.77 |
| SEHK:2318 Share Price * | SEHK (2019-06-14) in HKD | HK$87.2 |
| SEHK:2318 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.885 | CN¥77.16 |
| Hong Kong Insurance Industry PB Ratio | Median Figure of 11 Publicly-Listed Insurance Companies | 1.06x |
| Hong Kong Market PB Ratio | Median Figure of 2,169 Publicly-Listed Companies | 0.93x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:2318 Share Price ÷ Book Value per Share (both in CNY) = 77.16 ÷ 32.77 |
2.35x |
* Primary Listing of Ping An Insurance (Group) Company of China.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Ping An Insurance (Group) Company of China is overvalued based on assets compared to the HK Insurance industry average.
X
Value checks
We assess Ping An Insurance (Group) Company of China's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
2318 Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Ping An Insurance (Group) Company of China
expected to grow at an
attractive
rate?
- Ping An Insurance (Group) Company of China's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Ping An Insurance (Group) Company of China's earnings growth is expected to exceed the Hong Kong market average.
- Ping An Insurance (Group) Company of China's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:2318 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 14.9% |
| SEHK:2318 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 16.9% |
| Hong Kong Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 15.9% |
| Hong Kong Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 14.1% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.2% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in CNY Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 1,228,181 | 241,666 | 2 | |
| 2021-12-31 | 1,325,081 | 520,265 | 177,567 | 7 |
| 2020-12-31 | 921,218 | 498,254 | 150,801 | 13 |
| 2019-12-31 | 792,609 | 453,500 | 135,510 | 10 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,096,398 | 226,467 | 127,219 |
| 2018-12-31 | 1,030,041 | 206,260 | 107,404 |
| 2018-09-30 | 1,046,992 | 291,057 | 102,167 |
| 2018-06-30 | 1,038,546 | 296,865 | 103,756 |
| 2018-03-31 | 1,028,879 | 302,835 | 91,737 |
| 2017-12-31 | 978,026 | 121,283 | 89,088 |
| 2017-09-30 | 907,870 | 252,667 | 72,204 |
| 2017-06-30 | 871,727 | 147,848 | 65,045 |
| 2017-03-31 | 836,103 | 66,864 | 64,747 |
| 2016-12-31 | 776,412 | 227,821 | 62,394 |
| 2016-09-30 | 760,704 | -52,474 | 62,435 |
| 2016-06-30 | 727,818 | -46,280 | 60,330 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Ping An Insurance (Group) Company of China's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
- Ping An Insurance (Group) Company of China's revenue is expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Ping An Insurance (Group) Company of China Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 14.50 | 14.50 | 14.50 | 1.00 |
| 2022-12-31 | 13.40 | 14.52 | 12.27 | 2.00 |
| 2021-12-31 | 9.63 | 11.37 | 8.22 | 14.00 |
| 2020-12-31 | 8.28 | 11.01 | 7.11 | 19.00 |
| 2019-12-31 | 7.47 | 8.05 | 6.82 | 13.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2019-03-31 | 7.13 |
| 2018-12-31 | 6.02 |
| 2018-09-30 | 5.72 |
| 2018-06-30 | 5.83 |
| 2018-03-31 | 5.14 |
| 2017-12-31 | 4.99 |
| 2017-09-30 | 4.05 |
| 2017-06-30 | 3.64 |
| 2017-03-31 | 3.63 |
| 2016-12-31 | 3.50 |
| 2016-09-30 | 3.50 |
| 2016-06-30 | 3.37 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Ping An Insurance (Group) Company of China is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Ping An Insurance (Group) Company of China's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
2318 Past Performance
How has Ping An Insurance (Group) Company of China performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Ping An Insurance (Group) Company of China's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Ping An Insurance (Group) Company of China has delivered over 20% year on year earnings growth in the past 5 years.
- Ping An Insurance (Group) Company of China's 1-year earnings growth exceeds its 5-year average (38.7% vs 24.5%)
- Ping An Insurance (Group) Company of China's earnings growth has exceeded the HK Insurance industry average in the past year (38.7% vs -25.4%).
Earnings and Revenue History
Ping An Insurance (Group) Company of China's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Ping An Insurance (Group) Company of China Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,096,398.00 | 127,219.00 | 162,882.00 | |
| 2018-12-31 | 1,030,041.00 | 107,404.00 | 149,539.00 | |
| 2018-09-30 | 1,046,992.00 | 102,167.00 | 155,060.00 | |
| 2018-06-30 | 1,038,546.00 | 103,756.00 | 150,164.00 | |
| 2018-03-31 | 1,028,879.00 | 91,737.00 | 149,849.00 | |
| 2017-12-31 | 978,026.00 | 89,088.00 | 141,391.00 | |
| 2017-09-30 | 907,870.00 | 72,204.00 | 129,984.00 | |
| 2017-06-30 | 871,727.00 | 65,045.00 | 126,524.00 | |
| 2017-03-31 | 836,103.00 | 64,747.00 | 128,759.00 | |
| 2016-12-31 | 776,412.00 | 62,394.00 | 131,739.00 | |
| 2016-09-30 | 760,704.00 | 62,435.00 | 142,334.00 | |
| 2016-06-30 | 727,818.00 | 60,330.00 | 144,106.00 | |
| 2016-03-31 | 724,942.00 | 54,939.00 | 142,244.00 | |
| 2015-12-31 | 696,289.00 | 54,203.00 | 135,155.00 | |
| 2015-09-30 | 669,154.00 | 55,868.00 | 124,800.00 | |
| 2015-06-30 | 643,357.00 | 52,566.00 | 117,073.00 | |
| 2015-03-31 | 582,146.00 | 48,434.00 | 107,843.00 | |
| 2014-12-31 | 533,403.00 | 39,279.00 | 102,565.00 | |
| 2014-09-30 | 500,908.00 | 36,502.00 | 97,687.00 | |
| 2014-06-30 | 475,232.00 | 31,606.00 | 92,774.00 | |
| 2014-03-31 | 456,970.00 | 31,570.00 | 86,833.00 | |
| 2013-12-31 | 424,744.00 | 28,154.00 | 81,753.00 | |
| 2013-09-30 | 401,826.00 | 27,304.00 | 77,877.00 | |
| 2013-06-30 | 378,092.00 | 24,001.00 | 73,713.00 | |
| 2013-03-31 | 358,561.00 | 21,379.00 | 70,490.00 | |
| 2012-12-31 | 341,238.00 | 20,050.00 | 68,477.00 | |
| 2012-09-30 | 331,942.00 | 21,041.00 | 64,201.00 | |
| 2012-06-30 | 319,378.00 | 20,677.00 | 61,854.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Ping An Insurance (Group) Company of China has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Ping An Insurance (Group) Company of China used its assets more efficiently than the HK Insurance industry average last year based on Return on Assets.
- Ping An Insurance (Group) Company of China has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Ping An Insurance (Group) Company of China has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Ping An Insurance (Group) Company of China's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Ping An Insurance (Group) Company of China has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
2318 Health
How is Ping An Insurance (Group) Company of China's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Ping An Insurance (Group) Company of China's finances.
The net worth of a company is the difference between its assets and liabilities.
- Ping An Insurance (Group) Company of China is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Ping An Insurance (Group) Company of China's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Ping An Insurance (Group) Company of China's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Ping An Insurance (Group) Company of China Company Filings, last reported 2 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 734,293.00 | 1,135,391.00 | 1,416,609.00 |
| 2018-12-31 | 683,643.00 | 1,149,502.00 | 324,923.00 |
| 2018-09-30 | 650,436.00 | 1,372,204.00 | 1,572,732.00 |
| 2018-06-30 | 635,092.00 | 967,878.00 | 374,916.00 |
| 2018-03-31 | 617,413.00 | 1,410,271.00 | 1,619,161.00 |
| 2017-12-31 | 587,917.00 | 915,491.00 | 375,121.00 |
| 2017-09-30 | 558,940.00 | 1,325,193.00 | 243,031.00 |
| 2017-06-30 | 532,698.00 | 843,292.00 | 283,848.00 |
| 2017-03-31 | 518,525.00 | 1,112,577.00 | 282,503.00 |
| 2016-12-31 | 486,461.00 | 586,644.00 | 451,617.00 |
| 2016-09-30 | 480,614.00 | 875,507.00 | 253,025.00 |
| 2016-06-30 | 462,592.00 | 648,099.00 | 387,164.00 |
| 2016-03-31 | 440,340.00 | 804,161.00 | 381,978.00 |
| 2015-12-31 | 413,571.00 | 483,134.00 | 421,529.00 |
| 2015-09-30 | 404,820.00 | 893,374.00 | 459,503.00 |
| 2015-06-30 | 404,498.00 | 335,265.00 | 584,369.00 |
| 2015-03-31 | 381,398.00 | 703,223.00 | 300,105.00 |
| 2014-12-31 | 353,816.00 | 250,530.00 | 415,184.00 |
| 2014-09-30 | 281,833.00 | 647,074.00 | 224,526.00 |
| 2014-06-30 | 267,138.00 | 274,483.00 | 511,778.00 |
| 2014-03-31 | 252,515.00 | 745,629.00 | 324,751.00 |
| 2013-12-31 | 239,705.00 | 217,207.00 | 457,778.00 |
| 2013-09-30 | 236,493.00 | 603,950.00 | 227,897.00 |
| 2013-06-30 | 227,103.00 | 242,744.00 | 470,501.00 |
| 2013-03-31 | 221,547.00 | 756,117.00 | 201,935.00 |
| 2012-12-31 | 209,649.00 | 225,409.00 | 549,307.00 |
| 2012-09-30 | 194,270.00 | 501,333.00 | 163,091.00 |
| 2012-06-30 | 193,681.00 | 200,671.00 | 298,686.00 |
- Ping An Insurance (Group) Company of China's level of debt (152.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (293% vs 152.1% today).
- Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 11.4x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Ping An Insurance (Group) Company of China's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
2318 Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
2.23%
Current annual income from
Ping An Insurance (Group) Company of China
dividends.
Estimated to be
3.26%
next year.
If you bought
HK$2,000 of
Ping An Insurance (Group) Company of China
shares you are expected to receive
HK$45
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Ping An Insurance (Group) Company of China's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Ping An Insurance (Group) Company of China's dividend is below the markets top 25% of dividend payers in Hong Kong (5.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 1.8% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 966 Stocks | 3.7% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 4.36 | 1.00 |
| 2021-12-31 | 2.95 | 14.00 |
| 2020-12-31 | 2.49 | 21.00 |
| 2019-12-31 | 2.17 | 21.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-12 | 1.720 | 2.242 |
| 2018-03-20 | 1.500 | 2.323 |
| 2017-03-22 | 0.750 | 1.418 |
| 2016-08-26 | 0.550 | 1.521 |
| 2016-06-27 | 0.700 | 2.224 |
| 2016-03-15 | 0.530 | 1.788 |
| 2015-04-16 | 0.375 | 1.066 |
| 2014-09-04 | 0.350 | 1.205 |
| 2014-06-19 | 0.325 | 1.296 |
| 2013-05-10 | 0.225 | 0.953 |
| 2012-09-19 | 0.200 | 0.798 |
| 2012-03-15 | 0.200 | 0.816 |
| 2011-08-18 | 0.275 | 1.188 |
| 2011-03-29 | 0.275 | 0.838 |
| 2010-09-02 | 0.225 | 0.647 |
| 2010-04-27 | 0.225 | 0.813 |
| 2010-04-16 | 0.225 | 0.748 |
| 2009-10-27 | 0.150 | 0.513 |
| 2009-08-24 | 0.150 | 0.535 |
| 2009-08-14 | 0.150 | 0.550 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Ping An Insurance (Group) Company of China's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Ping An Insurance (Group) Company of China's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Ping An Insurance (Group) Company of China afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
2318 Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Peter
Ma
| COMPENSATION | CN¥5,190,000 |
| AGE | 62 |
| TENURE AS CEO | 18.2 years |
CEO Bio
Mr. Mingzhe Ma, also known as Peter, founded Ping An Insurance (Group) Co. of China Ltd. in March 1988 and has been its Chairman and Chief Executive Officer since April 1994 and April 2001 respectively. Mr. Ma has been an Executive Director at Ping An Insurance (Group) Co. of China, Ltd. since March 21, 1988. Since the establishment of Ping An Property & Casualty Insurance Company Of China, Ltd. in March 1988, Mr. Ma held various positions, including the President. He served as the Deputy Manager of China Merchants Shekou Industrial Zone Social Insurance Company. He serves as a Member of the National Standing Committee of the Chinese People's Political Consultative Conference. Mr. Ma has a Doctorate degree in Money and Banking from Zhongnan University of Economics and Law (previously Zhongnan University of Economics).
CEO Compensation
- Peter's compensation has been consistent with company performance over the past year, both up more than 20%.
- Peter's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the Ping An Insurance (Group) Company of China management team in years:
6.8
Average Tenure
50
Average Age
- The average tenure for the Ping An Insurance (Group) Company of China management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Peter Ma
TITLE
Founder
COMPENSATION
CN¥5M
AGE
62
TENURE
18.2 yrs
Yuansiong Lee
TITLE
Co-CEO, Executive VP
COMPENSATION
CN¥8M
AGE
52
TENURE
0.5 yrs
Jianyi Sun
TITLE
Senior Vice Chairman & Executive VP
COMPENSATION
CN¥4M
AGE
65
TENURE
24.7 yrs
Huichuan Ren
TITLE
President & Executive Director
COMPENSATION
CN¥4M
AGE
48
TENURE
8.3 yrs
Jason Yao
TITLE
Executive VP
COMPENSATION
CN¥6M
AGE
47
TENURE
9.2 yrs
Fangfang Cai
TITLE
Chief Human Resource Officer & Executive Director
COMPENSATION
CN¥4M
AGE
44
TENURE
4.3 yrs
Jessica Tan
TITLE
Co-CEO, Executive VP
AGE
41
TENURE
0.5 yrs
Yonglin Xie
TITLE
Co-CEO & Senior VP
AGE
50
TENURE
0.5 yrs
Timothy Chan
TITLE
Chief Investment Officer
AGE
57
TENURE
6.8 yrs
Jing Xiao
TITLE
Chief Scientist
Board of Directors Tenure
Average tenure and age of the Ping An Insurance (Group) Company of China board of directors in years:
6.5
Average Tenure
60
Average Age
- The tenure for the Ping An Insurance (Group) Company of China board of directors is about average.
Board of Directors
Peter Ma
TITLE
Founder
COMPENSATION
CN¥5M
AGE
62
TENURE
25.2 yrs
Yuansiong Lee
TITLE
Co-CEO, Executive VP
COMPENSATION
CN¥8M
AGE
52
TENURE
6 yrs
Jianyi Sun
TITLE
Senior Vice Chairman & Executive VP
COMPENSATION
CN¥4M
AGE
65
TENURE
10.7 yrs
Huichuan Ren
TITLE
President & Executive Director
COMPENSATION
CN¥4M
AGE
48
TENURE
6.9 yrs
Jason Yao
TITLE
Executive VP
COMPENSATION
CN¥6M
AGE
47
TENURE
10 yrs
Fangfang Cai
TITLE
Chief Human Resource Officer & Executive Director
COMPENSATION
CN¥4M
AGE
44
TENURE
4.9 yrs
Peter Yip
TITLE
Independent Non-Executive Director
COMPENSATION
CN¥518K
AGE
71
TENURE
6 yrs
Liji Gu
TITLE
Chairman of Supervisory Committee
COMPENSATION
CN¥258K
AGE
70
TENURE
10 yrs
Dongdong Sun
TITLE
Independent Non-Executive Director
COMPENSATION
CN¥526K
AGE
58
TENURE
6 yrs
Ming Ge
TITLE
Independent Non-Executive Director
COMPENSATION
CN¥526K
AGE
67
TENURE
4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Jun 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 10. Jun 19 | 10. Jun 19 | -13,115,239 | HK$87.22 | HK$-1,143,905,888 | ||
| 06. Jun 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 03. Jun 19 | 03. Jun 19 | -4,470,491 | HK$86.22 | HK$-385,434,545 | ||
| 11. Jun 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 06. Jun 19 | 06. Jun 19 | 13,148,998 | HK$85.17 | HK$1,119,948,805 | ||
| 11. Jun 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 06. Jun 19 | 06. Jun 19 | -350,000 | HK$85.17 | HK$-29,810,795 | ||
| 11. Jun 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 06. Jun 19 | 06. Jun 19 | 3,000 | HK$85.17 | HK$255,521 | ||
| 11. Jun 19 | Sell | Highbridge Capital Management, LLC | Company | 06. Jun 19 | 06. Jun 19 | -84,500 | HK$85.17 | HK$-7,197,178 | ||
| 11. Jun 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 06. Jun 19 | 06. Jun 19 | -454,555 | HK$85.17 | HK$-38,716,131 | ||
| 11. Jun 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 06. Jun 19 | 06. Jun 19 | 57,806 | HK$85.17 | HK$4,923,551 | ||
| 10. Jun 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 05. Jun 19 | 05. Jun 19 | -2,350,038 | HK$85.26 | HK$-200,354,134 | ||
| 10. Jun 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 05. Jun 19 | 05. Jun 19 | -224,000 | HK$85.26 | HK$-19,097,277 | ||
| 10. Jun 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 05. Jun 19 | 05. Jun 19 | 422,067 | HK$85.26 | HK$35,983,617 | ||
| 10. Jun 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 05. Jun 19 | 05. Jun 19 | -102,416 | HK$85.26 | HK$-8,731,548 | ||
| 10. Jun 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 05. Jun 19 | 05. Jun 19 | 16,500 | HK$85.26 | HK$1,406,719 | ||
| 07. Jun 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 04. Jun 19 | 04. Jun 19 | 5,071,852 | HK$85.16 | HK$431,911,326 | ||
| 03. May 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 29. Apr 19 | 29. Apr 19 | -54,332,811 | HK$94.09 | HK$-5,112,407,718 | ||
| 30. Apr 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 25. Apr 19 | 25. Apr 19 | 63,514,087 | HK$92.74 | HK$5,890,404,462 | ||
| 04. Apr 19 | Sell | UBS Asset Management | Company | 01. Apr 19 | 01. Apr 19 | -56,041,704 | HK$82.91 | HK$-4,646,568,935 | ||
| 04. Apr 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 01. Apr 19 | 01. Apr 19 | -54,769,842 | HK$89.70 | HK$-4,912,602,862 | ||
| 05. Mar 19 | Sell | Charoen Pokphand Group Co., Ltd. | Company | 01. Mar 19 | 01. Mar 19 | -16,003,971 | HK$80.00 | HK$-1,280,317,622 | ||
| 28. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 25. Feb 19 | 25. Feb 19 | 24,788,671 | HK$82.92 | HK$2,055,446,926 | ||
| 13. Feb 19 | Sell | UBS Asset Management | Company | 08. Feb 19 | 08. Feb 19 | -3,930,020 | HK$77.14 | HK$-303,160,945 | ||
| 13. Feb 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 08. Feb 19 | 08. Feb 19 | -26,151,422 | HK$75.94 | HK$-1,986,038,419 | ||
| 13. Feb 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 08. Feb 19 | 08. Feb 19 | -26,122,922 | HK$75.94 | HK$-1,983,874,021 | ||
| 08. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 04. Feb 19 | 04. Feb 19 | 7,611,578 | HK$76.82 | HK$584,685,650 | ||
| 04. Feb 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 31. Jan 19 | 31. Jan 19 | -777,180 | HK$75.71 | HK$-58,841,465 | ||
| 04. Feb 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 31. Jan 19 | 31. Jan 19 | -47,500 | HK$75.71 | HK$-3,596,296 | ||
| 04. Feb 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 31. Jan 19 | 31. Jan 19 | 3,246 | HK$75.71 | HK$245,760 | ||
| 04. Feb 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 31. Jan 19 | 31. Jan 19 | -2,416,719 | HK$75.71 | HK$-182,973,424 | ||
| 04. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 31. Jan 19 | 31. Jan 19 | 110,576 | HK$75.71 | HK$8,371,875 | ||
| 04. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 30. Jan 19 | 30. Jan 19 | 3,967,018 | HK$73.55 | HK$291,757,524 | ||
| 22. Jan 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 17. Jan 19 | 17. Jan 19 | -14,898,591 | HK$71.62 | HK$-1,067,095,245 | ||
| 18. Jan 19 | Sell | UBS Asset Management | Company | 15. Jan 19 | 15. Jan 19 | -4,043,000 | HK$69.66 | HK$-281,642,254 | ||
| 18. Jan 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 15. Jan 19 | 15. Jan 19 | 16,212,019 | HK$70.44 | HK$1,141,990,846 | ||
| 11. Jan 19 | Sell | J.P. Morgan Asset Management, Inc. | Company | 08. Jan 19 | 08. Jan 19 | -21,818,019 | HK$66.71 | HK$-1,455,414,594 | ||
| 14. Dec 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 12. Dec 18 | 12. Dec 18 | -14,212 | HK$74.37 | HK$-1,056,996 | ||
| 14. Dec 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 12. Dec 18 | 12. Dec 18 | -18,500 | HK$74.37 | HK$-1,375,910 | ||
| 14. Dec 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 12. Dec 18 | 12. Dec 18 | -6,040,483 | HK$74.37 | HK$-449,251,853 | ||
| 14. Dec 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 12. Dec 18 | 12. Dec 18 | 14,000 | HK$74.37 | HK$1,041,229 | ||
| 14. Dec 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 11. Dec 18 | 11. Dec 18 | 13,611,657 | HK$73.45 | HK$999,740,814 | ||
| 28. Nov 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 23. Nov 18 | 23. Nov 18 | -18,726,460 | HK$74.37 | HK$-1,392,688,744 | ||
| 28. Nov 18 | Sell | Charoen Pokphand Group Co., Ltd. | Company | 27. Nov 18 | 27. Nov 18 | -16,174,571 | HK$76.80 | HK$-1,242,206,994 | ||
| 23. Nov 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 20. Nov 18 | 20. Nov 18 | 10,151,352 | HK$75.36 | HK$764,969,307 | ||
| 29. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 24. Oct 18 | 24. Oct 18 | -14,971,102 | HK$75.94 | HK$-1,136,865,110 | ||
| 07. Nov 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 02. Nov 18 | 02. Nov 18 | -79,237 | HK$78.65 | HK$-6,231,895 | ||
| 07. Nov 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 02. Nov 18 | 02. Nov 18 | -43,093,115 | HK$78.65 | HK$-3,389,221,951 | ||
| 07. Nov 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 02. Nov 18 | 02. Nov 18 | 1,157,002 | HK$78.65 | HK$90,996,823 | ||
| 07. Nov 18 | Buy | China International Fund Management Company Limited | Company | 02. Nov 18 | 02. Nov 18 | 6,500 | HK$78.65 | HK$511,217 | ||
| 07. Nov 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 02. Nov 18 | 02. Nov 18 | -94,672 | HK$78.65 | HK$-7,445,840 | ||
| 07. Nov 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 02. Nov 18 | 02. Nov 18 | 49,258,998 | HK$78.65 | HK$3,874,161,274 | ||
| 06. Nov 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 01. Nov 18 | 01. Nov 18 | -3,749,753 | HK$75.06 | HK$-281,453,099 | ||
| 01. Nov 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 29. Oct 18 | 29. Oct 18 | 20,670,687 | HK$72.62 | HK$1,501,185,840 | ||
| 16. Oct 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 11. Oct 18 | 11. Oct 18 | -6,374 | HK$71.83 | HK$-457,840 | ||
| 16. Oct 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 11. Oct 18 | 11. Oct 18 | 9,000 | HK$71.83 | HK$646,464 | ||
| 16. Oct 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 11. Oct 18 | 11. Oct 18 | -16,500 | HK$71.83 | HK$-1,185,183 | ||
| 16. Oct 18 | Sell | Highbridge Capital Management, LLC | Company | 11. Oct 18 | 11. Oct 18 | -52,500 | HK$71.83 | HK$-3,771,038 | ||
| 16. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 11. Oct 18 | 11. Oct 18 | -14,500 | HK$71.83 | HK$-1,041,525 | ||
| 16. Oct 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 11. Oct 18 | 11. Oct 18 | 14,681,295 | HK$71.83 | HK$1,054,547,170 | ||
| 12. Oct 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 09. Oct 18 | 09. Oct 18 | 2,192,249 | HK$74.73 | HK$163,825,239 | ||
| 15. Oct 18 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 10. Oct 18 | 10. Oct 18 | -101,087 | HK$74.97 | HK$-7,578,503 | ||
| 15. Oct 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 10. Oct 18 | 10. Oct 18 | 10,000 | HK$74.97 | HK$749,701 | ||
| 15. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 10. Oct 18 | 10. Oct 18 | -10,496,670 | HK$74.97 | HK$-786,936,420 | ||
| 11. Oct 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 08. Oct 18 | 08. Oct 18 | -22,994,502 | HK$75.16 | HK$-1,728,312,806 | ||
| 25. Sep 18 | Sell | UBS Asset Management | Company | 20. Sep 18 | 20. Sep 18 | -22,535,169 | HK$75.35 | HK$-1,698,031,809 | ||
| 21. Sep 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 18. Sep 18 | 18. Sep 18 | 29,457,294 | HK$75.20 | HK$2,215,220,974 | ||
| 24. Sep 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 19. Sep 18 | 19. Sep 18 | -29,788,947 | HK$77.17 | HK$-2,298,952,989 | ||
| 10. Sep 18 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 05. Sep 18 | 05. Sep 18 | 5,277 | HK$76.30 | HK$402,650 | ||
| 10. Sep 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 05. Sep 18 | 05. Sep 18 | 174 | HK$76.30 | HK$13,277 | ||
| 10. Sep 18 | Sell | J.P. Morgan Asset Management, Inc. | Company | 05. Sep 18 | 05. Sep 18 | -1,639,500 | HK$76.30 | HK$-125,098,438 | ||
| 10. Sep 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 05. Sep 18 | 05. Sep 18 | 21,529,143 | HK$76.30 | HK$1,642,733,856 | ||
| 06. Sep 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 30. Aug 18 | 30. Aug 18 | 7,713,816 | HK$75.69 | HK$583,824,017 | ||
| 01. Sep 18 | Buy | BlackRock, Inc. | Company | 30. Aug 18 | 30. Aug 18 | 3,804,808 | HK$76.55 | HK$291,251,201 | ||
| 27. Aug 18 | Buy | UBS Asset Management | Company | 22. Aug 18 | 22. Aug 18 | 15,158,528 | HK$73.32 | HK$1,111,406,632 | ||
| 16. Aug 18 | Sell | UBS Asset Management | Company | 13. Aug 18 | 13. Aug 18 | -7,891,910 | HK$72.75 | HK$-574,148,320 | ||
| 03. Aug 18 | Sell | UBS Asset Management | Company | 31. Jul 18 | 31. Jul 18 | -19,659,029 | HK$73.10 | HK$-1,437,118,260 | ||
| 18. Jul 18 | Buy | J.P. Morgan Asset Management, Inc. | Company | 13. Jul 18 | 13. Jul 18 | 13,250,353 | HK$71.30 | HK$944,694,508 | ||
| 17. Jul 18 | Sell | UBS Asset Management | Company | 12. Jul 18 | 12. Jul 18 | -3,677,340 | HK$71.50 | HK$-262,913,616 | ||
| 26. Jun 18 | Sell | UBS Asset Management | Company | 21. Jun 18 | 21. Jun 18 | -5,458,556 | HK$77.25 | HK$-421,650,534 | ||
| 28. Jun 18 | Buy | UBS Asset Management | Company | 25. Jun 18 | 25. Jun 18 | 16,375,588 | HK$74.56 | HK$1,221,044,095 | ||
| 28. Jun 18 | Buy | Bo Yao | Individual | 27. Jun 18 | 27. Jun 18 | 20,000 | HK$73.20 | HK$1,464,000 | ||
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Ping An Insurance (Group) Company of China's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Ping An Insurance (Group) Company of China has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
2318 News
Simply Wall St News
Can Ping An Insurance (Group) Company of China Ltd's (HKG:2318) ROE Continue To Surpass The Industry Average?
We'll use ROE to examine Ping An Insurance (Group) Company of China Ltd (HKG:2318), by way of a worked example. … Our data shows Ping An Insurance (Group) Company of China has a return on equity of 18% for the last year. … View our latest analysis for Ping An Insurance (Group) Company of China?
Simply Wall St - – Full articleShould Ping An Insurance (Group) Company of China Ltd (HKG:2318) Be Part Of Your Dividend Portfolio?
In the past 10 years Ping An Insurance (Group) Company of China Ltd (HKG:2318) has returned an average of 1.00% per year to investors in the form of dividend payouts. … Let's take a look at Ping An Insurance (Group) Company of China in more detail. … View our latest analysis for Ping An Insurance (Group) Company of China
Simply Wall St - – Full articleHow Confident Are Insiders About Ping An Insurance (Group) Company of China Ltd (HKG:2318)?
Ping An Insurance (Group) Company of China, Ltd. … Ping An Insurance (Group) Company of China is one of China’s. … some insider buying over the past three months, with insiders investing in.
Simply Wall St - – Full articleWho Are The Largest Shareholders In Ping An Insurance (Group) Company of China Ltd (HKG:2318)?
I am going to take a deep dive into Ping An Insurance (Group) Company of China Ltd’s (HKG:2318) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Check out our latest analysis for Ping An Insurance (Group) Company of China
Simply Wall St - – Full articleShould You Be Concerned About Ping An Insurance (Group) Company of China Ltd's (HKG:2318) Earnings Growth?
After looking at Ping An Insurance (Group) Company of China Ltd's (HKG:2318) latest earnings update (31 March 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … View out our latest analysis for Ping An Insurance (Group) Company of China. … How 2318 fared against its long-term earnings performance and its industry
Simply Wall St - – Full articleIs Ping An Insurance (Group) Company of China Ltd's (HKG:2318) Future Growth Already Accounted For In Today's Price?
Ping An Insurance (Group) Company of China Ltd (HKG:2318) is considered a high-growth stock, but its last closing price of HK$72.2 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … View out our latest analysis for Ping An Insurance (Group) Company of China? … Ping An Insurance (Group) Company of China's extremely high growth potential in the near future is attracting investors
Simply Wall St - – Full articleA Look At Ping An Insurance (Group) Company of China Ltd's (HKG:2318) Exceptional Fundamentals
Ping An Insurance (Group) Company of China Ltd (HKG:2318) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a
Simply Wall St - – Full articleIs Ping An Insurance (Group) Company of China Ltd (HKG:2318) A Smart Pick For Income Investors?
Over the past 10 years, Ping An Insurance (Group) Company of China Ltd (SEHK:2318) has returned an average of 1.00% per year to shareholders in terms of dividend yield. … Check out our latest analysis for Ping An Insurance (Group) Company of China 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … Compared to its peers, Ping An Insurance (Group) Company of China produces a yield of 2.36%, which is high for Insurance stocks but still below the market's top dividend payers.Next Steps: With these dividend metrics in mind, I definitely rank Ping An Insurance (Group) Company of China as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.
Simply Wall St - – Full articleShould You Expect Ping An Insurance (Group) Company of China Ltd (HKG:2318) To Continue Delivering An ROE Of 15.92%?
Check out our latest analysis for Ping An Insurance (Group) Company of China Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … For now, let’s just look at the cost of equity number for Ping An Insurance (Group) Company of China, which is 12.95%. … Ping An Insurance (Group) Company of China exhibits a strong ROE against its peers, as well as sufficient returns to cover its cost of equity.
Simply Wall St - – Full article2318 Company Info
Description
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in 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. Its Property and Casualty Insurance segment provides automobile, non-automobile, and accident and health insurance to individual and corporate customers. The company’s Banking segment undertakes loan and intermediary businesses with corporate and retail customers; and provides wealth management and credit card services to individual customers. Its Trust segment offers trust services; and undertakes investing activities. The company’s Securities segment provides brokerage, trading, investment banking, and asset management services. Its Other Asset Management segment provides investment management, finance lease, and other asset management services. The company’s Fintech & Healthtech segment offers various financial and daily-life services through Internet platforms, such as financial transaction information service platform, and health care service platform. It also provides annuity insurance, financial leasing, investment management, IT and business process outsourcing, real estate investment, futures brokerage, consulting, project investment, financial advisory, currency brokerage, property agency, fund raising and distribution, real estate development, and insurance sale agency services. In addition, the company provides factoring, equity investment, financing guarantee, logistics, management consulting, e-commerce, credit information, and private equity financing services. Further, it operates expressway, as well as produces and sells consumer chemicals. The company has a research agreement with University of Hong Kong. The company was founded in 1988 and is based in Shenzhen, China.
Details
| Name: | Ping An Insurance (Group) Company of China, Ltd. |
| 2318 | |
| Exchange: | SEHK |
| Founded: | 1988 |
| HK$1,625,792,532,998 | |
| 18,280,241,410 | |
| Website: | http://www.pingan.com |
| Address: |
Ping An Insurance (Group) Company of China, Ltd. Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Shenzhen, Guangdong Province, 518033, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 2318 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 24. Jun 2004 | |
| OTCPK | PIAI.F | Foreign Shares-Foreign Listed | Pink Sheets LLC | US | USD | 24. Jun 2004 | |
| DB | PZX | Foreign Shares-Foreign Listed | Deutsche Boerse AG | DE | EUR | 24. Jun 2004 | |
| SHSC | 2318 | Foreign Shares-Foreign Listed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 24. Jun 2004 | |
| SZSC | 2318 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 24. Jun 2004 | |
| OTCPK | PNGA.Y | SPONS ADR EA REP 2'H' SHS | Pink Sheets LLC | US | USD | 15. Mar 2005 | |
| SHSE | 601318 | Domestic Shares | Shanghai Stock Exchange | CN | CNY | 01. Mar 2007 | |
| XSSC | 601318 | Domestic Shares | Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect | CN | CNY | 01. Mar 2007 | |
| BMV | PNGAY N | SPONS ADR EA REP 2'H' SHS | Bolsa Mexicana de Valores | MX | MXN | 15. Mar 2005 |
Number of employees
Current staff
376,900
Ping An Insurance (Group) Company of China
employees.
Industry
| Life and Health Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/17 12:32 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/16 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
