Financials Sunshine Insurance Group Company Limited

Equities

End-of-day quote Hong Kong S.E. Other stock markets 23:00:00 12/05/2024 BST			5-day change	1st Jan Change
2.61 ^CNY	-1.51%		-3.69%	-40.00%

04-25	Sunshine Insurance Group Company Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 16 July 2024	CI
04-17	Sunshine Insurance Units Log 45 Billion Yuan in Q1 Premium Income	MT

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	55,665	27,897	27,897	-
Enterprise Value (EV) ¹	55,665	45,474	27,897	27,897
P/E ratio	10.3 x	12.4 x	5.76 x	4.12 x
Yield	3.72%	7.84%	8.16%	9.72%
Capitalization / Revenue	0.43 x	0.58 x	0.34 x	0.22 x
EV / Revenue	0.43 x	0.58 x	0.34 x	0.22 x
EV / EBITDA	-	-	-	-
EV / FCF	-	-	-	-
FCF Yield	-	-	-	-
Price to Book	0.92 x	0.42 x	0.45 x	0.4 x
Nbr of stocks (in thousands)	11,501,523	11,501,522	11,501,522	-
Reference price ²	4.840	2.416	2.416	2.416
Announcement Date	29/03/23	25/03/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	128,578	78,224	83,133	127,006
EBITDA	-	-	-	-	-
EBIT ¹	-	6,360	6,901	10,124	11,601
Operating Margin	-	4.95%	8.82%	12.18%	9.13%
Earnings before Tax (EBT) ¹	-	5,212	5,774	5,502	8,368
Net income ¹	5,883	4,881	3,738	4,857	6,767
Net margin	-	3.8%	4.78%	5.84%	5.33%
EPS ²	0.5700	0.4700	0.3200	0.4196	0.5870
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.1800	0.1894	0.1972	0.2349
Announcement Date	29/11/22	29/03/23	25/03/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	8.22%	8.73%	7.86%	9.82%
ROA (Net income/ Total Assets)	-	1.05%	1.14%	0.83%	0.99%
Assets ¹	-	463,489	491,376	588,770	685,853
Book Value Per Share ²	-	5.280	5.810	5.370	6.090
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	29/11/22	29/03/23	25/03/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.416 CNY

Average target price

4.423 CNY

Spread / Average Target

+83.04%

	1st Jan change	Capi.
SUNSHINE INSURANCE GROUP COMPANY LIMITED	-40.00%	3.84B
AXA	+13.06%	80B
METLIFE, INC.	+9.98%	51.49B
AFLAC INCORPORATED	+4.48%	48.79B
MANULIFE FINANCIAL CORPORATION	+20.77%	46.12B
PRUDENTIAL FINANCIAL, INC.	+14.49%	42.3B
GENERALI	+28.71%	41.03B
SUN LIFE FINANCIAL INC.	+0.80%	29.42B
GREAT-WEST LIFECO INC.	-2.14%	29.33B
PRUDENTIAL PLC	-10.71%	27.19B