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FanhuaNasdaqGS:FANH Stock Report

Last Price


Market Cap







23 Jan, 2022


Company Financials +
FANH fundamental analysis
Snowflake Score
Future Growth5/6
Past Performance1/6
Financial Health6/6

FANH Stock Overview

Fanhua Inc., together with its subsidiary, distributes insurance products in China.

Fanhua Competitors

Marsh & McLennan Companies



Willis Towers Watson






Huize Holding



Price History & Performance

Summary of all time highs, changes and price drops for Fanhua
Historical stock prices
Current Share PriceUS$6.75
52 Week HighUS$18.80
52 Week LowUS$6.57
1 Month Change-6.90%
3 Month Change-50.15%
1 Year Change-54.21%
3 Year Change-71.93%
5 Year Change-20.31%
Change since IPO-73.31%

Recent News & Updates

Dec 21

Fanhua To Leave Wall Street. Next Stop, Hong Kong?

Of the three major U.S.-listed Chinese online insurance brokers, the oldest has just announced a plan to go private. Fanhua was the first of the trio to list in New York, leading some to call it "Asia’s first insurance broker,” offering life, property, and casualty insurance through its online and offline channels. The market greeted the news with some brief euphoria before reason returned.

Nov 30

Fanhua Feels The Pinch As Economic Slowdown Dampens Consumer Spending

Online insurance broker’s shares tumble after it reported a sharp drop in third-quarter profit amid jitters about China’s economic growth. Fanhua reported its net income fell by more than 50% in the third quarter, while revenue fell by 16%. The weak results come as China’s tough Covid-19 policy and a slumping property sector dampen demand for discretionary products like life insurance.

Shareholder Returns

FANHUS InsuranceUS Market

Return vs Industry: FANH underperformed the US Insurance industry which returned 19.4% over the past year.

Return vs Market: FANH underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is FANH's price volatile compared to industry and market?
FANH volatility
FANH Average Weekly Movement7.1%
Insurance Industry Average Movement4.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: FANH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FANH's weekly volatility (7%) has been stable over the past year.

About the Company

19984,926Yinan Hu

Fanhua Inc., together with its subsidiary, distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting. The Insurance Agency segment provides property and casualty insurance products that primarily include individual accident, travel, homeowner, and indemnity medical insurance products; and life insurance products, such as individual health, individual whole life, individual term life, individual endowment life, and individual annuity, as well as participating insurance products.

Fanhua Fundamentals Summary

How do Fanhua's earnings and revenue compare to its market cap?
FANH fundamental statistics
Market CapCN¥2.30b
Earnings (TTM)CN¥287.87m
Revenue (TTM)CN¥3.32b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FANH income statement (TTM)
Cost of RevenueCN¥2.19b
Gross ProfitCN¥1.13b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)5.36
Gross Margin33.98%
Net Profit Margin8.67%
Debt/Equity Ratio0%

How did FANH perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Fanhua 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: FANH ($6.75) is trading below our estimate of fair value ($20.63)

Significantly Below Fair Value: FANH is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: FANH is good value based on its PE Ratio (8x) compared to the US Insurance industry average (10.9x).

PE vs Market: FANH is good value based on its PE Ratio (8x) compared to the US market (16.5x).

Price to Earnings Growth Ratio

PEG Ratio: FANH is good value based on its PEG Ratio (0.2x)

Price to Book Ratio

PB vs Industry: FANH is overvalued based on its PB Ratio (1.2x) compared to the US Insurance industry average (1.1x).

Future Growth

How is Fanhua forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FANH's forecast earnings growth (34.9% per year) is above the savings rate (2%).

Earnings vs Market: FANH's earnings (34.9% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FANH's revenue (15.2% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: FANH's revenue (15.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FANH's Return on Equity is forecast to be high in 3 years time (22.4%)

Past Performance

How has Fanhua performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FANH has a high level of non-cash earnings.

Growing Profit Margin: FANH became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: FANH's earnings have declined by 4% per year over the past 5 years.

Accelerating Growth: FANH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FANH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (38.1%).

Return on Equity

High ROE: FANH's Return on Equity (14.5%) is considered low.

Financial Health

How is Fanhua's financial position?

Financial Position Analysis

Short Term Liabilities: FANH's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥809.5M).

Long Term Liabilities: FANH's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥305.7M).

Debt to Equity History and Analysis

Debt Level: FANH is debt free.

Reducing Debt: FANH has not had any debt for past 5 years.

Debt Coverage: FANH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FANH has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet


What is Fanhua current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FANH's dividend (8.89%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: FANH's dividend (8.89%) is in the top 25% of dividend payers in the US market (3.6%)

Stability and Growth of Payments

Stable Dividend: FANH's dividend payments have been volatile in the past 10 years.

Growing Dividend: FANH's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (80.9%), FANH's payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: FANH's dividends in 3 years are forecast to be covered by earnings (71.1% payout ratio).

Next Steps


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


Average board tenure


Yinan Hu (55 yo)



Mr. Yinan Hu Co-Founded Fanhua Inc., in 1998 and serves as its Chief Executive Officer and Chairman of the board since December 16, 2021. Mr. Hu has been a Director at Fanhua Inc. since 1998. He served as...

Board Members

Experienced Board: FANH's board of directors are seasoned and experienced ( 13.9 years average tenure).


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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Fanhua Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Fanhua Inc.
  • Ticker: FANH
  • Exchange: NasdaqGS
  • Founded: 1998
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: US$362.438m
  • Shares outstanding: 53.69m
  • Website:

Number of Employees


  • Fanhua Inc.
  • Pearl River Tower
  • 60th Floor
  • Guangzhou
  • Guangdong Province
  • 510626
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:09
End of Day Share Price2022/01/21 00:00
Annual Earnings2020/12/31

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.