China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites direct life insurance, property and casualty insurance, and various classes of reinsurance products in Hong Kong, Macau, and internationally. More Details
Very undervalued with moderate growth potential.
Share Price & News
How has China Taiping Insurance Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 966 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 966's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 966 exceeded the Hong Kong Insurance industry which returned 9% over the past year.
Return vs Market: 966 underperformed the Hong Kong Market which returned 25.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is China Taiping Insurance Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StChina Taiping Insurance Holdings (HKG:966) Is Increasing Its Dividend To HK$0.40
1 month ago | Simply Wall StA Look At China Taiping Insurance Holdings' (HKG:966) Share Price Returns
2 months ago | Simply Wall StWould China Taiping Insurance Holdings Company Limited (HKG:966) Be Valuable To Income Investors?
Is China Taiping Insurance Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 966 (HK$13.64) is trading below our estimate of fair value (HK$29.55)
Significantly Below Fair Value: 966 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 966 is good value based on its PE Ratio (7.5x) compared to the Hong Kong Insurance industry average (7.8x).
PE vs Market: 966 is good value based on its PE Ratio (7.5x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 966 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 966 is good value based on its PB Ratio (0.5x) compared to the HK Insurance industry average (0.8x).
How is China Taiping Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 966's forecast earnings growth (20.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 966's earnings (20.1% per year) are forecast to grow faster than the Hong Kong market (19.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 966's revenue (7.9% per year) is forecast to grow slower than the Hong Kong market (12.7% per year).
High Growth Revenue: 966's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 966's Return on Equity is forecast to be low in 3 years time (9.5%).
How has China Taiping Insurance Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 966 has high quality earnings.
Growing Profit Margin: 966's current net profit margins (2.4%) are lower than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: 966's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: 966's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 966 had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Insurance industry average (-7.5%).
Return on Equity
High ROE: 966's Return on Equity (9%) is considered low.
How is China Taiping Insurance Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 966's short term assets (HK$202.4B) do not cover its short term liabilities (HK$223.6B).
Long Term Liabilities: 966's short term assets (HK$202.4B) do not cover its long term liabilities (HK$828.8B).
Debt to Equity History and Analysis
Debt Level: 966's debt to equity ratio (83.6%) is considered high.
Reducing Debt: 966's debt to equity ratio has increased from 68.3% to 83.6% over the past 5 years.
Debt Coverage: 966's debt is well covered by operating cash flow (117.1%).
Interest Coverage: 966's interest payments on its debt are well covered by EBIT (7.7x coverage).
What is China Taiping Insurance Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 966's dividend (2.93%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.86%).
High Dividend: 966's dividend (2.93%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.89%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 966 has been paying a dividend for less than 10 years.
Growing Dividend: 966's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22%), 966's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 966's dividends in 3 years are forecast to be well covered by earnings (19.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zhaojun Yin (55 yo)
Mr. Zhaojun Yin is Vice Chairman of the Board and General Manager China Taiping Insurance Holdings Company Ltd. since January 29, 2021. He served as Chairman of China Life Investment Holding Company Limite...
Experienced Management: 966's management team is considered experienced (4 years average tenure).
Experienced Board: 966's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Taiping Insurance Holdings Company Limited's company bio, employee growth, exchange listings and data sources
- Name: China Taiping Insurance Holdings Company Limited
- Ticker: 966
- Exchange: SEHK
- Founded: 2000
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: HK$49.022b
- Shares outstanding: 3.59b
- Website: https://www.ctih.cntaiping.com
Number of Employees
- China Taiping Insurance Holdings Company Limited
- 18 King Wah Road
- 25th Floor
- North Point
- Hong Kong
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites direct life insurance, property and casualty insurance, and various classes of reinsurance products in Hong Kong...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/14 10:44|
|End of Day Share Price||2021/06/11 00:00|
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.