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Ping An Insurance Company of China
(2318)
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Rating:66Neutral
Price Target:
HK$52.00
▼(-9.09% Downside)
Action:Downgraded
Date:10/29/26
The score is supported by solid financial performance (strong profitability and especially strong cash generation) and very compelling valuation (low P/E and high dividend yield). These positives are meaningfully offset by weak technicals, with the stock trading below major moving averages and showing bearish momentum.
Positive Factors
Strong Cash Generation
Strong and improving cash generation gives Ping An meaningful internal funding capacity for policyholder obligations, investment, dividends, and business development. The close relationship between free cash flow and net income also indicates that reported profitability is converting into durable liquidity.
Negative Factors
Elevated Leverage
Elevated and variable leverage makes the balance sheet less conservative and increases sensitivity to market and credit conditions. It can also limit financial flexibility during periods of stress, leaving less capacity for discretionary investment or absorbing unexpected losses.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Strong and improving cash generation gives Ping An meaningful internal funding capacity for policyholder obligations, investment, dividends, and business development. The close relationship between free cash flow and net income also indicates that reported profitability is converting into durable liquidity.
Read all positive factors
Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.03T
Dividend Yield6.32%
Average Volume (3M)26.97M
Price to Earnings (P/E)9.7
Beta (1Y)0.97
Revenue Growth-7.57%
EPS Growth-25.97%
CountryHK
Employees258,806
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)5.47
Shares Outstanding7,447,577,000
10 Day Avg. Volume32,689,933
30 Day Avg. Volume26,966,983
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$75.83Price Target Upside32.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)8.04
Revenue Forecast (FY)HK$1.10T
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
72
Positive
Balance Sheet
64
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 870.57B | 927.89B | 916.62B | 678.64B | 664.50B | 1.06T |
| Gross Profit | 751.93B | 919.19B | 908.77B | 678.64B | 664.50B | 1.06T |
| EBITDA | 190.74B | 221.61B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 98.25B | 131.29B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | ||||||
| Total Assets | 14.46T | 13.90T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 1.03T | 269.72B | 950.37B | 797.92B | 746.52B | 630.51B |
| Total Debt | 1.16T | 2.61T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.98T | 12.49T | 11.65T | 10.35T | 9.82T | 9.06T |
| Stockholders Equity | 1.04T | 1.00T | 928.60B | 899.01B | 869.19B | 812.40B |
Cash Flow | ||||||
| Free Cash Flow | 790.19B | 655.67B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 798.88B | 663.81B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -365.03B | -689.73B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | -324.89B | 199.24B | 30.95B | -222.06B | -230.87B | -136.41B |
Ping An Insurance Company of China Technical Analysis
Negative
57.20
Price Trends
52.85
Negative
53.50
Negative
57.45
Negative
Market Momentum
-1.20
Positive
40.07
Neutral
25.89
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 50.39, above the 50-day MA of 52.85, and below the 200-day MA of 57.45, indicating a bearish trend. The MACD of -1.20 indicates Positive momentum. The RSI at 40.07 is Neutral, neither overbought nor oversold. The STOCH value of 25.89 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$354.75B | 5.77 | 17.73% | 5.81% | 11.31% | 30.80% | |
79 Outperform | HK$163.68B | 3.54 | 38.57% | 7.99% | 44.36% | 53.14% | |
78 Outperform | HK$1.03T | 3.95 | 39.88% | 4.72% | 38.17% | 134.02% | |
70 Outperform | HK$780.14B | 12.65 | 19.05% | 2.63% | 13.31% | 36.76% | |
70 Outperform | HK$320.14B | 6.67 | 13.91% | 6.89% | 9.37% | -11.20% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | HK$1.03T | 9.71 | 9.64% | 6.32% | -7.57% | -25.97% |
* Financial Sector Average
HK:2318
Ping An Insurance Company of China
49.74
-3.44
-6.47%
HK:1299
AIA Group
75.40
1.75
2.38%
HK:2601
China Pacific Insurance (Group) Co
26.22
-3.50
-11.77%
HK:2628
China Life Insurance Co
23.88
0.36
1.51%
HK:1339
People's Insurance Co (Group) of China
5.08
-1.42
-21.90%
HK:1336
New China Life Insurance Co., Ltd. Class H
38.84
-7.18
-15.60%
Ping An Insurance Company of China Corporate Events
Ping An Moves to Update Articles of Association for Regulatory Alignment
Oct 28, 2026
Ping An Insurance (Group) Company of China, Ltd. is a leading Chinese insurance and financial services group with shares listed in Shanghai and Hong Kong, operating under the supervision of domestic and international regulators. Its governance fra...
Ping An Highlights Governance and Strategy in 2026 Nine-Month Results Notice
Oct 28, 2026
Ping An Insurance Company of China has released an overseas regulatory announcement in Hong Kong, providing information to investors and stakeholders about its latest corporate disclosure. The notice confirms board composition and governance detai...
Ping An Posts Robust Nine-Month Earnings as Integrated Finance and Health Strategy Advances
Oct 28, 2026
Ping An reported solid unaudited results for the nine months to September 30, 2026, with operating profit attributable to shareholders rising 8.3% to RMB125.9 billion and equity up 4.4%, underscoring resilient performance amid a challenging macro ...
Ping An Highlights Disclosure of Ping An Bank’s 2026 Third-Quarter Report
Oct 23, 2026
Ping An Insurance (Group) Company of China announced that its banking subsidiary, Ping An Bank Co., Ltd., has released its third quarterly report for 2026 on the Shenzhen Stock Exchange website. The company has also made the same report available ...
Ping An to Host Online Briefing for 2026 Third-Quarter Results
Oct 20, 2026
Ping An Insurance (Group) Company of China will publish its 2026 third-quarter results on October 28, 2026, and will host an online text-based results briefing the same day from 18:45 to 19:45. Senior management will participate, aiming to provide...
Ping An Sets Line-Up and Roles for 13th Session Board of Directors
Oct 15, 2026
Ping An Insurance (Group) Company of China, Ltd., a leading Chinese insurer and financial services group, offers a broad range of life, health and property insurance, as well as banking and investment products. It leverages technology and an integ...
Ping An Insurance Announces Resignation of Non-Executive Director He Jianfeng
Oct 15, 2026
Ping An Insurance announced that non-executive director He Jianfeng has resigned from the company’s 13th board of directors and from the Strategy and Investment Committee due to changes in his work arrangements, effective October 15, 2026. T...
Ping An Sets 2026 Deadline for Unclaimed 2018 and 2019 Dividends
Sep 24, 2026
Ping An Insurance (Group) Company of China has announced that unclaimed final dividends for 2018 and interim dividends for 2019 will be forfeited and revert to the company on October 31, 2026, in line with its articles of association that allow re...
Ping An Sets Late-October Board Meeting to Approve Third-Quarter Results
Sep 24, 2026
Ping An Insurance (Group) Company of China has scheduled a board meeting for October 28, 2026 to review and approve the group’s third-quarter results for the nine months ended September 30, 2026. The session will also address other board bus...
Ping An updates interim dividend terms and tax treatment for H-share investors
Sep 9, 2026
Ping An Insurance (Group) Company of China, Ltd. has updated details of its interim dividend for the six months ended 30 June 2026, confirming a payout of RMB 0.98 per share and setting the default payment for Hong Kong-registered H shareholders a...
Ping An Insurance Names Veteran HR Executive as Employee Director
Sep 7, 2026
Ping An Insurance (Group) Company of China has elected Ms. Zhuang Yan as the employee director for the 13th board session, following an employee representatives’ meeting held on Sept. 7, 2026. Her appointment will take effect once her direct...
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-...
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.