Want to see HK:2318 full AI Analyst Report?
Top Page
Ping An Insurance Company of China
(2318)
Select Model
Select Model
Rating:73Outperform
Price Target:
HK$63.00
â–²(10.14% Upside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by strong financial performance—especially robust free cash flow generation and re-accelerating revenue growth—balanced by moderate balance-sheet leverage. Valuation is a clear positive due to the low P/E and meaningful dividend yield. Technical signals are mixed, with negative MACD and price below longer-term moving averages limiting the overall score.
Positive Factors
Re-accelerating Revenue Growth
The return to strong top-line growth indicates improving business activity across Ping An's insurance, banking and fee-based operations. Sustained growth can expand the earnings base and improve operating leverage over the medium term.
Negative Factors
Meaningful Balance-Sheet Leverage
Leverage remains high in absolute terms and leaves less financial flexibility if credit, investment or insurance conditions deteriorate. Although the ratio has improved, a debt-heavy balance sheet can increase funding sensitivity and constrain capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating Revenue Growth
The return to strong top-line growth indicates improving business activity across Ping An's insurance, banking and fee-based operations. Sustained growth can expand the earnings base and improve operating leverage over the medium term.
Read all positive factors
Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.10T
Dividend Yield5.69%
Average Volume (3M)35.87M
Price to Earnings (P/E)6.4
Beta (1Y)1.31
Revenue Growth10.72%
EPS Growth38.29%
CountryHK
Employees258,806
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)8.94
Shares Outstanding7,447,577,000
10 Day Avg. Volume42,746,979
30 Day Avg. Volume35,867,749
Financial Highlights & Ratios
PEG Ratio6.42
Price to Book (P/B)1.06
Price to Sales (P/S)1.14
P/FCF Ratio1.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$82.25Price Target Upside43.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)8.29
Revenue Forecast (FY)HK$1.11T
Ping An Insurance Company of China Business Overview & Revenue Model
Company Description
Ping An Insurance (Group) Company of China, Ltd. operates as a comprehensive financial services provider, delivering a wide array of offerings across insurance, banking, asset management, alongside its innovative fintech and healthtech divisions t...
How the Company Makes Money
Ping An primarily makes money through a combination of insurance underwriting income, investment income earned on its insurance and banking-related asset portfolios, and fee/commission-based financial services revenues.
1) Insurance underwriting ...
Ping An Insurance Company of China Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.05T | 927.89B | 916.62B | 678.64B | 664.50B | 1.06T |
| Gross Profit | 934.61B | 919.19B | 908.77B | 678.64B | 664.50B | 1.06T |
| EBITDA | 281.04B | 221.61B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 159.00B | 131.29B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | ||||||
| Total Assets | 14.30T | 13.90T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 701.72B | 269.72B | 950.37B | 797.92B | 746.52B | 630.51B |
| Total Debt | 2.53T | 2.61T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.84T | 12.49T | 11.65T | 10.35T | 9.82T | 9.06T |
| Stockholders Equity | 1.03T | 1.00T | 928.60B | 899.01B | 869.19B | 812.40B |
Cash Flow | ||||||
| Free Cash Flow | 593.45B | 655.67B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 602.01B | 663.81B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -450.94B | -689.73B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | -22.53B | 199.24B | 30.95B | -222.06B | -230.87B | -136.41B |
Ping An Insurance Company of China Technical Analysis
Negative
57.20
Price Trends
54.75
Positive
55.86
Negative
58.63
Negative
Market Momentum
0.30
Negative
50.24
Neutral
29.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2318, the sentiment is Negative. The current price of 57.2 is above the 20-day moving average (MA) of 55.11, above the 50-day MA of 54.75, and below the 200-day MA of 58.63, indicating a neutral trend. The MACD of 0.30 indicates Negative momentum. The RSI at 50.24 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2318.
Ping An Insurance Company of China Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$195.75B | 4.23 | 38.57% | 6.45% | 44.36% | 53.14% | |
78 Outperform | HK$1.15T | 4.36 | 39.88% | 3.29% | 38.17% | 134.02% | |
77 Outperform | HK$350.30B | 5.70 | 18.41% | 6.17% | 11.90% | 22.71% | |
73 Outperform | HK$1.10T | 6.38 | 15.80% | 5.69% | 10.72% | 38.29% | |
70 Outperform | HK$795.66B | 12.91 | 19.05% | 2.57% | 13.31% | 36.76% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$375.85B | 6.14 | 17.73% | 4.25% | 11.32% | 30.80% |
* Financial Sector Average
HK:2318
Ping An Insurance Company of China
55.45
2.08
3.90%
HK:1299
AIA Group
76.95
3.40
4.62%
HK:2601
China Pacific Insurance (Group) Co
29.30
-1.98
-6.34%
HK:2628
China Life Insurance Co
29.48
7.19
32.23%
HK:1339
People's Insurance Co (Group) of China
5.86
-0.88
-13.13%
HK:1336
New China Life Insurance Co., Ltd. Class H
48.10
3.52
7.90%
Ping An Insurance Company of China Corporate Events
Ping An Releases 2026 Interim Results With Focus on Value-Oriented Growth
Aug 20, 2026
Ping An Insurance Company of China, a major player in the Chinese insurance and financial services sector, operates from Shenzhen and is listed in Hong Kong, with a board that includes executive, non-executive and independent directors providing b...
Ping An Insurance Declares Interim Dividend and Sets Tax Terms for Investors
Aug 20, 2026
Ping An Insurance has declared an ordinary interim dividend of RMB 0.98 per share for the six months ended 30 June 2026, payable to shareholders on 16 October 2026. Hong Kong shareholders may elect to receive the dividend in RMB, with the default ...
Ping An Sets Interim Dividend and Cross-Currency Payout Plan for A and H Shareholders
Aug 20, 2026
Ping An Insurance (Group) Company of China is a major Chinese financial services group active in insurance, banking and asset management, with shares traded as A shares on the mainland and H shares in Hong Kong. It serves both domestic investors a...
Ping An Releases Unaudited 2026 Interim Results and Strategic Update
Aug 20, 2026
Ping An has released its unaudited interim results for the six months ended June 30, 2026, prepared under International Financial Reporting Standards and in compliance with Hong Kong listing rules. The full 2026 interim report, detailing financial...
Ping An Flags 2026 Interim Results Disclosure for Ping An Bank
Aug 14, 2026
Ping An Insurance (Group) Company of China, Ltd. has announced the disclosure of the 2026 interim report and interim report summary for its banking subsidiary, Ping An Bank Co., Ltd., on the Shenzhen and Shanghai stock exchange websites. The group...
Ping An to Webcast 2026 Interim Results Briefing for Investors
Aug 13, 2026
Ping An Insurance (Group) Company of China plans to publish its 2026 interim results on August 20, 2026, on the Hong Kong stock exchange website and will host a webcast presentation the following day. Senior leadership, including the chairman, co-...
Ping An Sets August Board Meeting to Approve 2026 Interim Results
Jun 25, 2026
Ping An Insurance (Group) Company of China has scheduled a board meeting for August 20, 2026 to review and approve the group’s interim results for the six months ending June 30, 2026. The board will also consider the declaration of an interi...
Ping An updates 2025 final dividend details and tax treatment for shareholders
Jun 9, 2026
Ping An Insurance has updated details of its final dividend for the 12 months ended 31 December 2025, confirming a payout of RMB 1.75 per share, equivalent to HKD 2.01129 per share at an exchange rate of RMB 1 to HKD 1.14931. Shareholders can elec...
Ping An Completes Share Purchases for 2026 Key Employee Ownership Plan
May 26, 2026
Ping An Insurance has completed the share purchases for its 2026 Key Employee Share Purchase Plan, acquiring 11,238,473 A shares on the secondary market, equal to about 0.062% of its total share capital, at an average price of roughly RMB56.70 per...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.