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China Pacific Insurance (Group) SEHK:2601 Stock Report

Last Price

HK$23.90

Market Cap

HK$312.2b

7D

-2.0%

1Y

60.2%

Updated

20 Dec, 2024

Data

Company Financials +

China Pacific Insurance (Group) Co., Ltd.

SEHK:2601 Stock Report

Market Cap: HK$312.2b

2601 Stock Overview

Provides insurance products to individual and institutional customers in the People’s Republic of China. More details

2601 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 63.5% below our estimate of its fair value

Revenue is forecast to grow 7.88% per year

Earnings grew by 41.8% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 4.3% per year for the next 3 years


My Notes

Capture your thoughts, links and company narrative

China Pacific Insurance (Group) Co., Ltd. Competitors

ZhongAn Online P & C Insurance

SEHK:6060

HK$18.0b

People's Insurance Company (Group) of China

SEHK:1339

HK$311.7b

PICC Property and Casualty

SEHK:2328

HK$266.0b

AIA Group

SEHK:1299

HK$589.7b

Price History & Performance

Summary of share price highs, lows and changes for China Pacific Insurance (Group)
Historical stock prices
Current Share PriceCN¥23.90
52 Week HighCN¥33.35
52 Week LowCN¥12.72
Beta0.80
1 Month Change-6.46%
3 Month Change15.46%
1 Year Change60.19%
3 Year Change10.65%
5 Year Change-22.53%
Change since IPO-15.55%

Recent News & Updates

Recent updates

Shareholder Returns

2601HK InsuranceHK Market
7D-2.0%-5.3%-2.2%
1Y60.2%21.6%18.3%

Return vs Industry: 2601 exceeded the Hong Kong Insurance industry which returned 21.6% over the past year.

Return vs Market: 2601 exceeded the Hong Kong Market which returned 18.3% over the past year.

Price Volatility

Is 2601's price volatile compared to industry and market?
2601 volatility
2601 Average Weekly Movement9.5%
Insurance Industry Average Movement9.7%
Market Average Movement8.9%
10% most volatile stocks in HK Market18.7%
10% least volatile stocks in HK Market4.1%

Stable Share Price: 2601 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2601's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199198,732Yonggang Zhaowww.cpic.com.cn

China Pacific Insurance (Group) Co., Ltd., together with its subsidiaries, provides insurance products to individual and institutional customers in the People’s Republic of China. It operates through Life and Health Insurance, Property and Casualty Insurance, and Other Businesses segments. The company offers life, health, automobile, liability, agricultural, property, accident, and engineering insurance products; pension and annuity insurance products; investments with insurance funds, etc.; and reinsurance products.

China Pacific Insurance (Group) Co., Ltd. Fundamentals Summary

How do China Pacific Insurance (Group)'s earnings and revenue compare to its market cap?
2601 fundamental statistics
Market capHK$312.20b
Earnings (TTM)HK$45.15b
Revenue (TTM)HK$315.34b

7.5x

P/E Ratio

1.1x

P/S Ratio

Is 2601 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2601 income statement (TTM)
RevenueCN¥296.25b
Cost of RevenueCN¥236.93b
Gross ProfitCN¥59.32b
Other ExpensesCN¥16.90b
EarningsCN¥42.42b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)4.41
Gross Margin20.02%
Net Profit Margin14.32%
Debt/Equity Ratio50.9%

How did 2601 perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

23%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:44
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Pacific Insurance (Group) Co., Ltd. is covered by 60 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark William KellockBarclays
Dominic ChanBNP Paribas Securities (Asia)
Ellie LiBNP Paribas Securities (Asia)