Loading...

China Taiping Insurance Holdings

OTCPK:CINS.F
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CINS.F
OTCPK
HK$71B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites direct life insurance, property and casualty insurance, and various classes of reinsurance products. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
CINS.F Share Price and Events
7 Day Returns
0%
OTCPK:CINS.F
0.7%
US Insurance
-0.7%
US Market
1 Year Returns
-
OTCPK:CINS.F
7.1%
US Insurance
3%
US Market
CINS.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Taiping Insurance Holdings (CINS.F) 0% 0% - - - -
US Insurance 0.7% 1.6% 6% 7.1% 32.7% 45.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on CINS.F.
  • No trading data on CINS.F.
Price Volatility
CINS.F
Industry
5yr Volatility vs Market

CINS.F Value

 Is China Taiping Insurance Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Taiping Insurance Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Taiping Insurance Holdings.

OTCPK:CINS.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 13 analysts.
= Stable Book Value * Return on Equity
= HK$23.76 * 13.5%
HK$3.21
Book Value of Equity per Share Weighted future Book Value estimates from 13 analysts. HK$23.76
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CINS.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 25%) (114.01%))
1.243
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.243 * 6.65%)
10.99%

Discounted Cash Flow Calculation for OTCPK:CINS.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Taiping Insurance Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:CINS.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.5% – 10.99%) * HK$23.76)
HK$0.60
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.60 / (10.99% - 2.73%)
HK$7.20
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$23.76 + HK$7.20
HK$30.96
OTCPK:CINS.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CINS.F represents 0.14649x of SEHK:966
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.14649x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 30.96 x 0.14649
$4.54
Value per share (USD) From above. $4.54
Current discount Discount to share price of $2.88
= -1 x ($2.88 - $4.54) / $4.54
36.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Taiping Insurance Holdings is available for.
Intrinsic value
37%
Share price is $2.88 vs Future cash flow value of $4.54
Current Discount Checks
For China Taiping Insurance Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Taiping Insurance Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Taiping Insurance Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Taiping Insurance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Taiping Insurance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CINS.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$1.84
SEHK:966 Share Price ** SEHK (2019-03-25) in HKD HK$19.66
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 16.69x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Taiping Insurance Holdings.

OTCPK:CINS.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:966 Share Price ÷ EPS (both in HKD)

= 19.66 ÷ 1.84

10.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Taiping Insurance Holdings is good value based on earnings compared to the US Insurance industry average.
  • China Taiping Insurance Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Taiping Insurance Holdings's expected growth come at a high price?
Raw Data
OTCPK:CINS.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
16.1%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:CINS.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.66x ÷ 16.1%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Taiping Insurance Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Taiping Insurance Holdings's assets?
Raw Data
OTCPK:CINS.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$18.29
SEHK:966 Share Price * SEHK (2019-03-25) in HKD HK$19.66
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:CINS.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:966 Share Price ÷ Book Value per Share (both in HKD)

= 19.66 ÷ 18.29

1.07x

* Primary Listing of China Taiping Insurance Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Taiping Insurance Holdings is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess China Taiping Insurance Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. China Taiping Insurance Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CINS.F Future Performance

 How is China Taiping Insurance Holdings expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Taiping Insurance Holdings expected to grow at an attractive rate?
  • China Taiping Insurance Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Taiping Insurance Holdings's earnings growth is expected to exceed the United States of America market average.
  • China Taiping Insurance Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CINS.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CINS.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 16.1%
OTCPK:CINS.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 14.4%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:CINS.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CINS.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 20,490
2022-12-31 427,613 15,908 1
2021-12-31 337,253 93,785 11,952 7
2020-12-31 294,514 74,239 10,433 10
2019-12-31 253,886 64,715 9,316 10
OTCPK:CINS.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 212,569 67,425 6,627
2018-09-30 213,910 70,894 7,676
2018-06-30 215,252 74,364 8,725
2018-03-31 205,715 73,052 7,303
2017-12-31 196,177 71,740 5,881
2017-09-30 190,660 62,705 4,862
2017-06-30 185,142 53,669 3,843
2017-03-31 176,064 50,112 4,210
2016-12-31 166,986 46,555 4,578
2016-09-30 165,161 42,829 3,925
2016-06-30 163,258 39,237 3,329
2016-03-31 162,630 32,354 4,708

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Taiping Insurance Holdings's earnings are expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
  • China Taiping Insurance Holdings's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:CINS.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from China Taiping Insurance Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CINS.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.20 3.20 3.20 1.00
2021-12-31 3.29 3.99 2.56 11.00
2020-12-31 2.86 3.35 2.40 12.00
2019-12-31 2.58 3.03 2.15 13.00
OTCPK:CINS.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 1.84
2018-09-30 2.14
2018-06-30 2.43
2018-03-31 2.03
2017-12-31 1.64
2017-09-30 1.35
2017-06-30 1.07
2017-03-31 1.17
2016-12-31 1.27
2016-09-30 1.09
2016-06-30 0.93
2016-03-31 1.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Taiping Insurance Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Taiping Insurance Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Taiping Insurance Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CINS.F Past Performance

  How has China Taiping Insurance Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Taiping Insurance Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Taiping Insurance Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • China Taiping Insurance Holdings's 1-year earnings growth is less than its 5-year average (12.7% vs 15.5%)
  • China Taiping Insurance Holdings's earnings growth has exceeded the US Insurance industry average in the past year (12.7% vs 6.6%).
Earnings and Revenue History
China Taiping Insurance Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Taiping Insurance Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CINS.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 212,568.51 6,627.32 31,007.72
2018-09-30 213,910.41 7,676.16 30,070.08
2018-06-30 215,252.31 8,725.01 29,132.44
2018-03-31 205,714.85 7,303.23 28,419.96
2017-12-31 196,177.39 5,881.46 27,707.47
2017-09-30 190,659.69 4,862.23 26,739.76
2017-06-30 185,142.00 3,842.99 25,772.04
2017-03-31 176,064.10 4,210.42 24,232.92
2016-12-31 166,986.21 4,577.85 22,693.80
2016-09-30 165,160.78 3,924.80 22,895.20
2016-06-30 163,257.52 3,329.15 23,109.90
2016-03-31 162,629.83 4,708.44 23,250.24
2015-12-31 162,002.13 6,087.74 23,390.58
2015-09-30 147,968.62 6,921.61 22,128.45
2015-06-30 133,935.12 7,755.48 20,866.32
2015-03-31 110,160.77 5,859.48 19,642.16
2014-12-31 86,386.43 3,963.49 18,418.00
2014-09-30 89,740.80 3,431.85 16,886.91
2014-06-30 93,095.17 2,900.22 15,355.83
2014-03-31 93,839.19 2,276.58 14,643.49
2013-12-31 94,583.21 1,652.93 13,931.15
2013-09-30 90,388.22 1,587.16 13,132.37
2013-06-30 86,219.76 1,470.52 12,417.83
2013-03-31 75,422.60 1,393.03 11,508.44
2012-12-31 64,625.44 1,315.55 10,599.06
2012-09-30 60,199.57 614.21 9,755.91
2012-06-30 56,831.37 291.87 9,083.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Taiping Insurance Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Taiping Insurance Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • China Taiping Insurance Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Taiping Insurance Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Taiping Insurance Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CINS.F Health

 How is China Taiping Insurance Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Taiping Insurance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Taiping Insurance Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Taiping Insurance Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Taiping Insurance Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Taiping Insurance Holdings Company Filings, last reported 4 months ago.

OTCPK:CINS.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 80,395.78 80,556.35 60,054.12
2018-09-30 80,395.78 80,556.35 60,054.12
2018-06-30 83,310.81 77,602.91 54,859.12
2018-03-31 83,310.81 77,602.91 54,859.12
2017-12-31 81,720.70 67,535.72 72,435.38
2017-09-30 81,720.70 67,535.72 72,435.38
2017-06-30 72,695.98 67,748.85 61,260.63
2017-03-31 72,695.98 67,748.85 61,260.63
2016-12-31 70,248.63 48,296.43 65,306.41
2016-09-30 67,002.66 48,299.25 62,471.73
2016-06-30 68,707.22 52,145.35 55,136.25
2016-03-31 68,707.22 52,145.35 55,136.25
2015-12-31 71,798.63 48,886.35 62,408.14
2015-09-30 71,798.63 48,886.35 62,408.14
2015-06-30 76,286.24 58,948.45 39,065.79
2015-03-31 76,286.24 58,948.45 39,065.79
2014-12-31 51,338.52 61,139.92 39,776.47
2014-09-30 51,338.52 61,139.92 39,776.47
2014-06-30 29,472.55 64,788.00 28,381.85
2014-03-31 29,472.55 64,788.00 28,381.85
2013-12-31 25,458.01 63,219.36 29,349.68
2013-09-30 23,850.84 63,232.55 28,558.54
2013-06-30 23,396.51 45,505.84 18,166.78
2013-03-31 23,396.51 45,505.84 18,166.78
2012-12-31 23,340.96 53,082.04 19,152.89
2012-09-30 20,992.42 48,796.25 18,408.95
2012-06-30 19,662.75 43,674.24 20,334.12
  • China Taiping Insurance Holdings's level of debt (100.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (248% vs 100.2% today).
  • Debt is well covered by operating cash flow (83.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess China Taiping Insurance Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Taiping Insurance Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CINS.F Dividends

 What is China Taiping Insurance Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.51%
Current annual income from China Taiping Insurance Holdings dividends. Estimated to be 0.85% next year.
If you bought $2,000 of China Taiping Insurance Holdings shares you are expected to receive $10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Taiping Insurance Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • China Taiping Insurance Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:CINS.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:CINS.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.19 10.00
2020-12-31 0.18 15.00
2019-12-31 0.15 16.00
OTCPK:CINS.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.100 0.458
2018-04-19 0.100 0.402
2017-07-24 0.100 0.374
2009-09-01 0.000 0.000
2009-08-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Taiping Insurance Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • China Taiping Insurance Holdings is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of China Taiping Insurance Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of China Taiping Insurance Holdings's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (17x coverage).
X
Income/ dividend checks
We assess China Taiping Insurance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Taiping Insurance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Taiping Insurance Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CINS.F Management

 What is the CEO of China Taiping Insurance Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sidong Wang
COMPENSATION HK$842,771
AGE 57
TENURE AS CEO 1.3 years
CEO Bio

Mr. Wang Sidong has been Vice Chairman of the Board, Executive Director and General Manager of China Taiping Ins Hldgs Co Ltd since January 25, 2018. Mr. Wang serves as Vice President and Member of Executive Board at China Life Insurance (Group) Company Ltd. Mr. Wang served as Deputy Director of the General Office of China Life Insurance Company, Deputy General Manager of its Zhejiang Branch and Deputy Director of the Shares Reform Office of China Life since 2000. He worked for the Ministry of Foreign Economic Relations and Trade, the Xinhua News Agency Hong Kong Branch and the Hong Kong Chinese Enterprises Association. Mr. Wang served as the Director of the General Office of China Life Insurance (Group) Company since 2003. He has been the Chairman at China LIfe Investment Holding Company Limited since June 2004. He has been Director of China World Trade Center Co., Ltd. since November 13, 2013. He was a Non Executive Director at China Life Insurance Company Limited since July 24, 2012 until January 12, 2018. He has been a Director of China Life Pension Company Limited since June 2004. He serves as Director of China Life Ecommerce Co., Ltd. He served as a Non Executive Director at China Huarong Asset Management Co., Ltd. since March 23, 2015 until February 2017. He is Senior Economist. Mr. Wang graduated from Shandong University with a Bachelor's degree in Arts, majoring in Chinese Language and Literature.

CEO Compensation
  • Insufficient data for Sidong to compare compensation growth.
  • Sidong's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the China Taiping Insurance Holdings management team in years:

2.7
Average Tenure
54
Average Age
  • The tenure for the China Taiping Insurance Holdings management team is about average.
Management Team

Sidong Wang

TITLE
Vice Chairman & GM
COMPENSATION
HK$843K
AGE
57
TENURE
1.3 yrs

Xiaoping Yu

TITLE
Executive Director
COMPENSATION
HK$739K
AGE
54

Xi Luo

TITLE
Executive Chairman
AGE
57

Ruohan Zhang

TITLE
CFO & Company Secretary
AGE
42
TENURE
2 yrs

Cynthia Choi

TITLE
The main contact person

Mo Chen

TITLE
Chief Internal Auditor
AGE
58
TENURE
5.8 yrs

Shengjun Ren

TITLE
Deputy General Manager
AGE
54
TENURE
4.3 yrs

Bo Hong

TITLE
Deputy General Manager
AGE
47
TENURE
3.3 yrs

Xing Xiao

TITLE
Deputy General Manager
AGE
46
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the China Taiping Insurance Holdings board of directors in years:

5.3
Average Tenure
57
Average Age
  • The tenure for the China Taiping Insurance Holdings board of directors is about average.
Board of Directors

Sidong Wang

TITLE
Vice Chairman & GM
COMPENSATION
HK$843K
AGE
57
TENURE
1.3 yrs

Xiaoping Yu

TITLE
Executive Director
COMPENSATION
HK$739K
AGE
54
TENURE
2.3 yrs

Xi Luo

TITLE
Executive Chairman
AGE
57
TENURE
0.7 yrs

Jiesi Wu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$320K
AGE
67
TENURE
19.3 yrs

Dajian Zhu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$320K
AGE
65
TENURE
4.8 yrs

Zhichun Xie

TITLE
Independent Non-Executive Director
COMPENSATION
HK$320K
AGE
60
TENURE
3.9 yrs

Weijian Huang

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
57
TENURE
5.8 yrs

Xiangwen Zhu

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
50
TENURE
5.8 yrs

Changming Wu

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
52
TENURE
5.8 yrs

Anthony Wu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$320K
AGE
64
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess China Taiping Insurance Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Taiping Insurance Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CINS.F News

Simply Wall St News

CINS.F Company Info

Description

China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites direct life insurance, property and casualty insurance, and various classes of reinsurance products. It operates through Life Insurance Business, PRC Property and Casualty Insurance Business, Overseas Property and Casualty Insurance Business, Reinsurance Business, Pension and Group Life Insurance Business, and Other Businesses segments. The company’s life insurance products include individual and group life insurance, health insurance, accident insurance, and annuity. Its property and casualty insurance products comprise compulsory motor insurance; and liability insurance, credit insurance, guarantee insurance, and short-term accident and health insurance, as well as related reinsurance products. The company’s reinsurance portfolio covers property damage, life, marine cargo and hull, and miscellaneous non-marine classes. The company is also involved in the pension, assets management, insurance intermediary, E-commerce for insurance, financial leasing, property investment, securities dealing and broking, and elderly care investment businesses. In addition, it provides back to back financing arrangement, and insurance broking and agency services. The company operates primarily in Mainland China, Hong Kong, Macau, and internationally. The company was formerly known as China Insurance International Holdings Company Limited and changed its name to China Taiping Insurance Holdings Company Limited in August 2009. The company was incorporated in 2000 and is based in Causeway Bay, Hong Kong. China Taiping Insurance Holdings Company Limited is a subsidiary of China Taiping Insurance Group (HK) Company Limited.

Details
Name: China Taiping Insurance Holdings Company Limited
CINS.F
Exchange: OTCPK
Founded: 2000
HK$9,001,345,832
3,594,018,538
Website: http://www.ctih.cntaiping.com
Address: China Taiping Insurance Holdings Company Limited
18 King Wah Road,
25th Floor,
North Point,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 966 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 29. Jun 2000
OTCPK CINS.F Ordinary Shares Pink Sheets LLC US USD 29. Jun 2000
DB HIUC Ordinary Shares Deutsche Boerse AG DE EUR 29. Jun 2000
SHSC 966 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 29. Jun 2000
SZSC 966 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 29. Jun 2000
Number of employees
Current staff
Staff numbers
75,341
China Taiping Insurance Holdings employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:54
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.