966 Stock Overview
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China and internationally.
China Taiping Insurance Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$7.94|
|52 Week High||HK$13.00|
|52 Week Low||HK$7.79|
|1 Month Change||-5.59%|
|3 Month Change||-7.35%|
|1 Year Change||-30.84%|
|3 Year Change||-58.17%|
|5 Year Change||-66.92%|
|Change since IPO||375.45%|
Recent News & Updates
China Taiping Insurance Holdings (HKG:966) Is Paying Out A Larger Dividend Than Last Year
China Taiping Insurance Holdings Company Limited's ( HKG:966 ) dividend will be increasing to HK$0.46 on 21st of July...
China Taiping Insurance Holdings' (HKG:966) Upcoming Dividend Will Be Larger Than Last Year's
China Taiping Insurance Holdings Company Limited ( HKG:966 ) will increase its dividend on the 21st of July to HK$0.46...
|966||HK Insurance||HK Market|
Return vs Industry: 966 underperformed the Hong Kong Insurance industry which returned -23.5% over the past year.
Return vs Market: 966 underperformed the Hong Kong Market which returned -20.8% over the past year.
|966 Average Weekly Movement||3.7%|
|Insurance Industry Average Movement||3.9%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.9%|
|10% least volatile stocks in HK Market||3.2%|
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.
About the Company
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China and internationally. The company operates through three business segments: Life Insurance, Property and Casualty Insurance, and Reinsurance. The Life Insurance segment provides life insurance products, such as individual and group life insurance, health insurance, and accident insurance products and annuities.
China Taiping Insurance Holdings Fundamentals Summary
|966 fundamental statistics|
Is 966 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|966 income statement (TTM)|
|Cost of Revenue||HK$268.75b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 29, 2022
|Earnings per share (EPS)||2.09|
|Net Profit Margin||2.38%|
How did 966 perform over the long term?See historical performance and comparison
5.8%Current Dividend Yield
Is 966 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 966?
Other financial metrics that can be useful for relative valuation.
|What is 966's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 966's PE Ratio compare to its peers?
|966 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
376 Yunfeng Financial Group
2628 China Life Insurance
1299 AIA Group
2318 Ping An Insurance (Group) Company of China
966 China Taiping Insurance Holdings
Price-To-Earnings vs Peers: 966 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (9.9x).
Price to Earnings Ratio vs Industry
How does 966's PE Ratio compare vs other companies in the Asian Insurance Industry?
Price-To-Earnings vs Industry: 966 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the Hong Kong Insurance industry average (6.6x)
Price to Earnings Ratio vs Fair Ratio
What is 966's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.8x|
|Fair PE Ratio||8x|
Price-To-Earnings vs Fair Ratio: 966 is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (8x).
Share Price vs Fair Value
What is the Fair Price of 966 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 966 (HK$7.94) is trading below our estimate of fair value (HK$20.77)
Significantly Below Fair Value: 966 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is China Taiping Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 966's forecast earnings growth (15.8% per year) is above the savings rate (1.6%).
Earnings vs Market: 966's earnings (15.8% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).
High Growth Earnings: 966's earnings are forecast to grow, but not significantly.
Revenue vs Market: 966's revenue (6.4% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 966's revenue (6.4% 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%).
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How has China Taiping Insurance Holdings performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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 (2.4%).
Past Earnings Growth Analysis
Earnings Trend: 966's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: 966's earnings growth over the past year (14.7%) exceeds its 5-year average (8.3% per year).
Earnings vs Industry: 966 earnings growth over the past year (14.7%) exceeded the Insurance industry 11.4%.
Return on Equity
High ROE: 966's Return on Equity (9.7%) is considered low.
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How is China Taiping Insurance Holdings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 966's short term assets (HK$251.1B) exceed its short term liabilities (HK$239.4B).
Long Term Liabilities: 966's short term assets (HK$251.1B) do not cover its long term liabilities (HK$1,025.8B).
Debt to Equity History and Analysis
Debt Level: 966 has more cash than its total debt.
Reducing Debt: 966's debt to equity ratio has increased from 69% to 99% over the past 5 years.
Debt Coverage: 966's debt is well covered by operating cash flow (87.8%).
Interest Coverage: 966's interest payments on its debt are well covered by EBIT (4.6x coverage).
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What is China Taiping Insurance Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 966's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.84%).
High Dividend: 966's dividend (5.79%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.27%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 966 has been paying a dividend for less than 10 years.
Growing Dividend: 966's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22%), 966's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (1.7%), 966's dividend payments are thoroughly covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zhaojun Yin (57 yo)
Mr. Zhaojun Yin serves as Director for Taiping Life Insurance Company Limited since 2021. He is Vice Chairman of the Board and General Manager China Taiping Insurance Holdings Company Ltd. since January 29...
CEO Compensation Analysis
Compensation vs Market: Zhaojun's total compensation ($USD120.74K) is below average for companies of similar size in the Hong Kong market ($USD468.92K).
Compensation vs Earnings: Insufficient data to compare Zhaojun's compensation with company performance.
Experienced Management: 966's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: 966's board of directors are not considered experienced ( 2.7 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 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
- Implied Market Cap: HK$28.537b
- 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
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 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.