Financials The People's Insurance Company (Group) of China Limited 

Equities

1339

CNE100001MK7

Property & Casualty Insurance

Market Closed - Hong Kong S.E. 09:08:49 06/05/2024 BST 5-day change 1st Jan Change
2.66 HKD +1.14% Intraday chart for The People's Insurance Company (Group) of China Limited  -1.12% +10.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 294,617 251,181 183,648 204,970 191,071 209,895 - -
Enterprise Value (EV) 1 266,413 308,141 205,054 207,727 207,193 210,240 211,387 209,895
P/E ratio 5.79 x 4.6 x 3.92 x 4.32 x 4.54 x 4.09 x 3.64 x 3.56 x
Yield 4.01% 7.53% 8.53% 7.26% - 7.41% 8.69% 8.8%
Capitalization / Revenue 0.53 x 0.43 x 0.31 x 0.37 x 0.35 x 0.37 x 0.33 x 0.33 x
EV / Revenue 0.48 x 0.53 x 0.34 x 0.37 x 0.37 x 0.37 x 0.33 x 0.33 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.7 x 0.45 x 0.39 x 0.46 x - 0.42 x 0.38 x 0.36 x
Nbr of stocks (in thousands) 44,223,991 44,223,991 44,223,991 44,223,991 44,223,991 44,223,991 - -
Reference price 2 2.895 2.070 1.923 2.287 2.181 2.453 2.453 2.453
Announcement Date 27/03/20 23/03/21 25/03/22 24/03/23 26/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 555,515 583,696 597,691 559,906 553,097 571,709 637,132 645,615
EBITDA - - - - - - - -
EBIT 1 29,796 31,445 35,828 40,721 34,293 38,006 46,470 48,487
Operating Margin 5.36% 5.39% 5.99% 7.27% 6.2% 6.65% 7.29% 7.51%
Earnings before Tax (EBT) 1 29,780 31,644 35,893 41,140 34,430 41,773 49,380 47,933
Net income 1 22,401 20,069 21,638 24,477 22,773 26,312 29,785 30,738
Net margin 4.03% 3.44% 3.62% 4.37% 4.12% 4.6% 4.67% 4.76%
EPS 2 0.5000 0.4500 0.4900 0.5300 0.4800 0.5997 0.6733 0.6891
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.1160 0.1560 0.1640 0.1660 - 0.1817 0.2132 0.2157
Announcement Date 27/03/20 23/03/21 25/03/22 24/03/23 26/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 S2 2023 Q1 2023 S1 2023 Q3 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 1 238,956 279,521 241,060 274,988 - - - - - - - - - - 138,778 138,800 - 142,500 203,700 - - -
EBITDA - - - - - - - - - - - - - - - - - - - - - -
EBIT - - - - 2,236 8,168 - - 29,861 10,860 - 30,516 - 3,777 - - 22,251 - - 16,034 25,636 15,776
Operating Margin - - - - - - - - - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - 27,684 - - - - - - - - - - - - - - - - - -
Net income - 12,602 - 16,855 863 - 8,744 9,106 17,850 - 11,721 19,881 622 2,441 - - - - - - - -
Net margin - 4.51% - 6.13% - - - - - - - - - - - - - - - - - -
EPS 2 0.1500 0.2900 0.1600 0.3800 - 0.1100 - - 0.4000 0.1300 - 0.4400 0.0100 0.0400 0.2000 0.2300 0.3000 0.1400 0.0200 0.2200 0.3600 0.2200
Dividend per Share - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 27/03/20 21/08/20 23/03/21 20/08/21 25/03/22 25/03/22 28/04/22 26/08/22 26/08/22 24/03/23 27/04/23 29/08/23 30/10/23 26/03/24 29/04/24 - - - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 56,960 21,406 2,757 16,122 344 1,491 -
Net Cash position 1 28,204 - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 13.2% 10.4% 10.2% 11.1% 9.64% 10.8% 11.1% 11.2%
ROA (Net income/ Total Assets) 2.04% 1.68% 1.63% 1.7% - 1.89% 2.17% 1.9%
Assets 1 1,095,441 1,193,873 1,326,427 1,442,964 - 1,391,477 1,372,030 1,617,776
Book Value Per Share 2 4.150 4.580 4.960 5.010 - 5.890 6.440 6.860
Cash Flow per Share - 0.7200 1.640 1.620 - - - -
Capex 1 - 11,616 - - - 15,954 17,176 18,586
Capex / Sales - 1.99% - - - 2.79% 2.7% 2.88%
Announcement Date 27/03/20 23/03/21 25/03/22 24/03/23 26/03/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
2.453 CNY
Average target price
3.039 CNY
Spread / Average Target
+23.91%
Consensus
  1. Stock Market
  2. Equities
  3. 1339 Stock
  4. Financials The People's Insurance Company (Group) of China Limited