SEHK:6060

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ZhongAn Online P & C Insurance

Executive Summary

ZhongAn Online P & C Insurance Co., Ltd., an online insuretech company, provides internet insurance and information technology services in the People’s Republic of China. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has ZhongAn Online P & C Insurance's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6060's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.5%

6060

0.9%

HK Insurance

-0.6%

HK Market


1 Year Return

47.6%

6060

-8.3%

HK Insurance

0.9%

HK Market

Return vs Industry: 6060 exceeded the Hong Kong Insurance industry which returned -7.6% over the past year.

Return vs Market: 6060 exceeded the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

6060IndustryMarket
7 Day-8.5%0.9%-0.6%
30 Day-15.1%-0.8%0.02%
90 Day-20.3%-2.5%-1.7%
1 Year47.6%47.6%-5.2%-8.3%5.1%0.9%
3 Year-53.5%-53.5%1.5%-5.5%-6.1%-16.3%
5 Yearn/a9.9%-1.8%14.1%-5.3%

Price Volatility Vs. Market

How volatile is ZhongAn Online P & C Insurance's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ZhongAn Online P & C Insurance undervalued compared to its fair value and its price relative to the market?

3.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 6060 (HK$38) is trading above our estimate of fair value (HK$9.1)

Significantly Below Fair Value: 6060 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6060 is unprofitable, so we can't compare its PE Ratio to the HK Insurance industry average.

PE vs Market: 6060 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6060's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6060 is overvalued based on its PB Ratio (3.1x) compared to the HK Insurance industry average (1x).


Next Steps

Future Growth

How is ZhongAn Online P & C Insurance forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

58.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6060 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 6060 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 6060's is expected to become profitable in the next 3 years.

Revenue vs Market: 6060's revenue (21% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).

High Growth Revenue: 6060's revenue (21% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6060's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has ZhongAn Online P & C Insurance performed over the past 5 years?

-20.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6060 is currently unprofitable.

Growing Profit Margin: 6060 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6060 is unprofitable, and losses have increased over the past 5 years at a rate of 20.4% per year.

Accelerating Growth: Unable to compare 6060's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6060 is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (4.9%).


Return on Equity

High ROE: 6060 has a negative Return on Equity (-1.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is ZhongAn Online P & C Insurance's financial position?


Financial Position Analysis

Short Term Liabilities: 6060's short term assets (CN¥15.7B) exceed its short term liabilities (CN¥14.1B).

Long Term Liabilities: 6060's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥3.6B).


Debt to Equity History and Analysis

Debt Level: 6060's debt to equity ratio (28.2%) is considered satisfactory.

Reducing Debt: 6060's debt to equity ratio has increased from 0.02% to 28.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 6060 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 6060 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.9% per year.


Next Steps

Dividend

What is ZhongAn Online P & C Insurance current dividend yield, its reliability and sustainability?

0.027%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6060's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6060's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6060's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6060's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6060's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jin Chen (51 yo)

6.33yrs

Tenure

CN¥1,609,000

Compensation

Mr. Jin Chen is the Co-Owner of Shanghai Haoguan Investment Management Partnership. Mr. Chen served as Co-Chief Executive Officer at ZhongAn Online P & C Insurance Co.,Ltd. until July 18, 2019 and has been ...


CEO Compensation Analysis

Compensation vs Market: Jin's total compensation ($USD240.25K) is below average for companies of similar size in the Hong Kong market ($USD639.74K).

Compensation vs Earnings: Jin's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jin Chen
Executive Director6.33yrsCN¥1.61mno data
Jin Yi Ou
Executive Director2.92yrsCN¥1.47mno data
Yaping Ou
Executive Chairman of the Board6.92yrsno datano data
Xing Jiang
GM & CEO1.25yrsno datano data
Gaofeng Li
Deputy GM0.58yrno datano data
Ruixian Sun
Chief Financial Officer0.75yrno datano data
Yongbo Zhang
Vice GM6.92yrsno datano data
Ti Wu
Vice GM & Chief Marketing Officer5.33yrsno datano data
Hai Lin
Chief Actuary0.75yrno datano data
Ruimin Deng
Deputy General Manager0.75yrno datano data
Huanchen Wu
Deputy General Manager0.17yrno datano data

0.8yrs

Average Tenure

43yo

Average Age

Experienced Management: 6060's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jin Chen
Executive Director6.33yrsCN¥1.61mno data
Jin Yi Ou
Executive Director2.92yrsCN¥1.47mno data
Yaping Ou
Executive Chairman of the Board6.92yrsno datano data
Ying Wu
Independent Non-Executive Director3.25yrsCN¥125.00kno data
Yifan Li
Independent Non-Executive Director3.83yrsCN¥125.00kno data
Hui Chen
Independent Non-Executive Director3.83yrsCN¥125.00kno data
Xinyi Han
Non-Executive Director3.92yrsno datano data
Shuang Zhang
Independent Non-Executive Director3.92yrsCN¥125.00kno data
Yuping Wen
Chairman of the Supervisory Committee6.92yrsno datano data
Liangxun Shi
Non-Executive Director0.92yrCN¥10.00kno data
Ming Yin
Non-Executive Director0.92yrno datano data
Wei Ou
Independent Non-Executive Director1.42yrsCN¥10.00kno data

3.8yrs

Average Tenure

52yo

Average Age

Experienced Board: 6060's board of directors are considered experienced (3.8 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

ZhongAn Online P & C Insurance Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ZhongAn Online P & C Insurance Co., Ltd.
  • Ticker: 6060
  • Exchange: SEHK
  • Founded: 2013
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: HK$58.793b
  • Shares outstanding: 1.47b
  • Website: https://www.zhongan.com

Number of Employees


Location

  • ZhongAn Online P & C Insurance Co., Ltd.
  • Associate Mission Building
  • 4th-5th Floors
  • Shanghai
  • Shanghai Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6060SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDSep 2017
1ZODB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURSep 2017
6060SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDSep 2017
6060SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDSep 2017
ZZHG.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDSep 2017

Biography

ZhongAn Online P & C Insurance Co., Ltd., an online insuretech company, provides internet insurance and information technology services in the People’s Republic of China. The company operates through Insur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:46
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.