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Ping An Insurance (Group) Company of China

SEHK:2318
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2318
SEHK
HK$1,626B
Market Cap
  1. Home
  2. HK
  3. Insurance
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.
Price Volatility
2318
Industry
5yr Volatility vs Market

2318 Value

 Is Ping An Insurance (Group) Company of China undervalued based on future cash flows and its price relative to the stock market?

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.

SEHK:2318 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:2318
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.

SEHK:2318 Value of Excess Returns
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
SEHK:2318 Discount to Share Price
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.
Intrinsic value
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
SEHK:2318 PE (Price to Earnings) Ratio Data Sources
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.

SEHK:2318 PE (Price to Earnings) Ratio Calculation
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
SEHK:2318 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

SEHK:2318 PEG (Price to Earnings to Growth) Ratio Calculation
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
SEHK:2318 PB (Price to Book) Ratio Data Sources
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
SEHK:2318 PB (Price to Book) Ratio Calculation
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:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. 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

 How is Ping An Insurance (Group) Company of China expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

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!
Annual Growth Rate
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
SEHK:2318 Future Growth Rates Data Sources
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
SEHK:2318 Analysts Growth Expectations Data Sources
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 numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2318 Future Estimates Data
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
SEHK:2318 Past Financials Data
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.

Super high growth metrics
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
SEHK:2318 Past and Future Earnings per Share
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.

SEHK:2318 Future Estimates Data
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
SEHK:2318 Past Financials Data
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
Future performance checks
We assess Ping An Insurance (Group) Company of China's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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.

SEHK:2318 Past Revenue, Cash Flow and Net Income Data
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
Past performance checks
We assess Ping An Insurance (Group) Company of China's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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.

SEHK:2318 Past Debt and Equity Data
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
Financial health checks
We assess Ping An Insurance (Group) Company of China's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ping An Insurance (Group) Company of China has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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

 What is Ping An Insurance (Group) Company of China's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
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
SEHK:2318 Annualized Past and Future Dividends
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.

SEHK:2318 Future Dividends Estimate Data
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
SEHK:2318 Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Ping An Insurance (Group) Company of China's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Ping An Insurance (Group) Company of China's salary, the management and board of directors tenure and is there insider trading?

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 Trading
  • No 3 month insider trading information.
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
Management checks
We assess Ping An Insurance (Group) Company of China's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Should 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 -

How 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 -

Who 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 -

Should 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 -

Is 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 -

A 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 -

Is 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 -

Should 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 -

2318 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
Staff numbers
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.