Executive Summary
Ping An Insurance (Group) Company of China, Ltd. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
Similar Companies
Share Price & News
How has Ping An Insurance (Group) Company of China's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
1.4%
2318
-1.0%
HK Insurance
-3.5%
HK Market
1 Year Return
10.2%
2318
5.9%
HK Insurance
19.4%
HK Market
Return vs Industry: 2318 exceeded the Hong Kong Insurance industry which returned 5.9% over the past year.
Return vs Market: 2318 underperformed the Hong Kong Market which returned 19.4% over the past year.
Shareholder returns
| 2318 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -1.0% | -3.5% |
| 30 Day | 7.6% | 3.6% | -0.7% |
| 90 Day | -1.2% | 1.7% | 10.8% |
| 1 Year | 13.5%10.2% | 9.4%5.9% | 24.0%19.4% |
| 3 Year | 24.0%14.3% | 7.8%0.1% | 5.5%-5.4% |
| 5 Year | 213.7%178.1% | 81.9%62.3% | 64.0%36.2% |
Long-Term Price Volatility Vs. Market
How volatile is Ping An Insurance (Group) Company of China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Makes Ping An Insurance (Group) Company of China, Ltd. (HKG:2318) A Great Dividend Stock?1 month ago | Simply Wall St
Did You Participate In Any Of Ping An Insurance (Group) Company of China's (HKG:2318) Fantastic 225% Return ?2 months ago | Simply Wall St
Do Institutions Own Ping An Insurance (Group) Company of China, Ltd. (HKG:2318) Shares?Valuation
Is Ping An Insurance (Group) Company of China undervalued compared to its fair value and its price relative to the market?
36.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2318 (HK$96.65) is trading below our estimate of fair value (HK$151.01)
Significantly Below Fair Value: 2318 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2318 is good value based on its PE Ratio (10x) compared to the HK Insurance industry average (10.1x).
PE vs Market: 2318 is good value based on its PE Ratio (10x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: 2318 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 2318 is overvalued based on its PB Ratio (1.9x) compared to the HK Insurance industry average (0.9x).
Next Steps
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?
11.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2318's forecast earnings growth (11.6% per year) is above the savings rate (1.5%).
Earnings vs Market: 2318's earnings (11.6% per year) are forecast to grow slower than the Hong Kong market (21.2% per year).
High Growth Earnings: 2318's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2318's revenue is expected to decline over the next 3 years (-9.6% per year).
High Growth Revenue: 2318's revenue is forecast to decline over the next 3 years (-9.6% 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 (18.3%).
Next Steps
Past Performance
How has Ping An Insurance (Group) Company of China performed over the past 5 years?
20.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2318 has high quality earnings.
Growing Profit Margin: 2318's current net profit margins (11.5%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: 2318's earnings have grown significantly by 20.8% 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 (-4.1%) over the past year, making it difficult to compare to the Insurance industry average (-3.4%).
Return on Equity
High ROE: 2318's Return on Equity (16.1%) is considered low.
Next Steps
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¥2,502.1B) exceed its short term liabilities (CN¥1,893.1B).
Long Term Liabilities: 2318's short term assets (CN¥2,502.1B) do not cover its long term liabilities (CN¥6,646.9B).
Debt to Equity History and Analysis
Debt Level: 2318's debt to equity ratio (168.1%) is considered high.
Reducing Debt: 2318's debt to equity ratio has increased from 118.4% to 168.1% over the past 5 years.
Debt Coverage: 2318's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 2318's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Ping An Insurance (Group) Company of China current dividend yield, its reliability and sustainability?
2.73%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2318's dividend (2.73%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.02%).
High Dividend: 2318's dividend (2.73%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.26%).
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 reasonably low payout ratio (27.2%), 2318's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2318's dividends in 3 years are forecast to be well covered by earnings (28.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Jason Yao (49 yo)
0.67
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 ($USD1.41M) is above average for companies of similar size in the Hong Kong market ($USD843.62K).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 26.92yrs | CN¥4.83m | 0.0088% CN¥ 162.2m | |
| Executive VP | 0.67yr | CN¥9.13m | 0.0029% CN¥ 53.6m | |
| Co-CEO, Executive VP & Executive Director | 0.92yr | CN¥10.78m | 0.0021% CN¥ 38.1m | |
| Co-CEO, President & Executive Director | 0.92yr | CN¥5.82m | 0.0021% CN¥ 38.1m | |
| Senior VP | 6.67yrs | CN¥4.78m | 0.0014% CN¥ 25.4m | |
| COO & Special Assistant to the Chairman | 0.17yr | no data | no data | |
| Chief Investment Officer | 8.58yrs | no data | no data | |
| Chief Scientist | no data | no data | no data | |
| Chief Strategist & Head of Investor Relations | no data | no data | no data | |
| Senior VP & Compliance Officer | 10.17yrs | no data | 0.0023% CN¥ 41.6m | |
| Senior Vice President | 18.75yrs | CN¥6.27m | 0.0022% CN¥ 40.7m | |
| Chief Innovation Officer | 3.83yrs | no data | no data |
4.9yrs
Average Tenure
54yo
Average Age
Experienced Management: 2318's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 26.92yrs | CN¥4.83m | 0.0088% CN¥ 162.2m | |
| Executive VP | 0.67yr | CN¥9.13m | 0.0029% CN¥ 53.6m | |
| Co-CEO, Executive VP & Executive Director | 0.92yr | CN¥10.78m | 0.0021% CN¥ 38.1m | |
| Co-CEO, President & Executive Director | 0.92yr | CN¥5.82m | 0.0021% CN¥ 38.1m | |
| Senior VP | 6.67yrs | CN¥4.78m | 0.0014% CN¥ 25.4m | |
| Non-Executive Director | 7.75yrs | CN¥509.00k | no data | |
| Employee Representative Chairman of Supervisory Committee | 0.58yr | CN¥3.65m | 0.026% CN¥ 482.6m | |
| Non-Executive Director | 7.75yrs | CN¥517.00k | no data | |
| Independent Non-Executive Director | 5.75yrs | CN¥495.00k | no data | |
| Independent Non-Executive Director | 1.67yrs | CN¥509.00k | no data | |
| Independent Non-Executive Director | 3.58yrs | CN¥524.00k | no data | |
| Non-Executive Director | 2.67yrs | CN¥488.00k | no data |
4.7yrs
Average Tenure
56yo
Average Age
Experienced Board: 2318's board of directors are considered experienced (4.7 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 company bio, 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
- Market Cap: HK$1.841t
- Shares outstanding: 18.21b
- Website: https://www.pingan.com
Number of Employees
Location
- Ping An Insurance (Group) Company of China, Ltd.
- Ping An Finance Center
- 47th, 48th, 108th, 109th, 110th, 111th and 112th Floors
- Shenzhen
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PIAI.F | OTCPK (Pink Sheets LLC) | Yes | Foreign Shares-Foreign Listed | US | USD | Jun 2004 |
| 2318 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2004 |
| PZX | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Jun 2004 |
| 2318 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2004 |
| 2318 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2004 |
| PNGA.Y | OTCPK (Pink Sheets LLC) | SPON ADR REP H | US | USD | Mar 2005 | |
| PNGAY N | BMV (Bolsa Mexicana de Valores) | SPON ADR REP H | MX | MXN | Mar 2005 | |
| PZXB | DB (Deutsche Boerse AG) | SPON ADR REP H | DE | EUR | Mar 2005 | |
| 601318 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Mar 2007 | |
| 601318 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Mar 2007 |
Biography
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. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 10:10 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| 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.