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Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh
(SGX:HPAD)
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Rating:68Neutral
Price Target:
S$4.50
▼(-3.43% Downside)
Action:Reiterated
Date:10/30/26
The score is primarily supported by attractive valuation (low P/E and ~4.13% dividend yield) and strong cash-flow fundamentals. Offsetting these positives, technicals are bearish with the stock trading below key moving averages and negative MACD, and financial risk is elevated due to high (and rising) leverage alongside a TTM revenue decline.
Positive Factors
Strong cash generation
Very strong operating and free cash flow indicates that reported earnings are converting into liquidity, supporting reinvestment, dividends, and financial resilience. The 0.99x free-cash-flow-to-net-income conversion also suggests earnings quality is currently well supported by cash generation.
Negative Factors
Revenue contraction
A substantial TTM revenue decline indicates that top-line momentum has weakened and could constrain future operating leverage if it persists. Prolonged contraction may reduce resources available for investment and make it harder for the group to sustain earnings growth across its businesses.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Very strong operating and free cash flow indicates that reported earnings are converting into liquidity, supporting reinvestment, dividends, and financial resilience. The 0.99x free-cash-flow-to-net-income conversion also suggests earnings quality is currently well supported by cash generation.
Read all positive factors
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh (HPAD) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$168.32B
Dividend Yield4.13%
Average Volume (3M)14.19K
Price to Earnings (P/E)6.4
Beta (1Y)0.68
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees258,806
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Life
Share Statistics
EPS (TTM)3.31
Shares Outstanding0
10 Day Avg. Volume21,510
30 Day Avg. Volume14,186
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)1.07
Price to Sales (P/S)1.02
P/FCF Ratio2.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Business Overview & Revenue Model
Company Description
Ping An Insurance (Group) Company of China, Ltd. operates as a leading financial services conglomerate within the People's Republic of China, delivering a broad array of financial products and solutions. Its core offerings span life and health ins...
How the Company Makes Money
Ping An primarily makes money through a diversified financial-services model across insurance, banking, and investment/asset-management activities.
1) Insurance (Life & Health; Property & Casualty)
- Underwriting and policy-related income: The gr...
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
55
Neutral
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 898.28B | 1.05T | 916.62B | 802.06B | 763.87B | 1.06T |
| Gross Profit | 783.34B | 1.05T | 916.62B | 802.06B | 763.87B | 1.06T |
| EBITDA | 189.60B | 223.03B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 97.48B | 133.20B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | ||||||
| Total Assets | 14.46T | 13.91T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 1.03T | 910.16B | 950.37B | 797.92B | 747.66B | 630.51B |
| Total Debt | 1.16T | 2.08T | 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 | 824.43B | 463.86B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 833.18B | 472.11B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -247.64B | -477.56B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | -476.79B | 181.29B | 30.95B | -222.06B | -230.87B | -136.41B |
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Technical Analysis
Negative
4.66
Price Trends
4.31
Negative
4.37
Negative
4.38
Negative
Market Momentum
-0.09
Positive
41.53
Neutral
31.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:HPAD, the sentiment is Negative. The current price of 4.66 is above the 20-day moving average (MA) of 4.12, above the 50-day MA of 4.31, and above the 200-day MA of 4.38, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.53 is Neutral, neither overbought nor oversold. The STOCH value of 31.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:HPAD.
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Peers Comparison
UnderperformOutperform
Sector (55)
SG:HPAD
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh
4.06
0.10
2.53%
SG:G07
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32.14%
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-44.46%
SG:HTCD
Tencent Holdings Ltd UnSp Singapore Depositary Receipt Repr 1/10 Sh
6.17
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-42.78%
SG:IBKD
PT Bank Central Asia Tbk Shs UnSp Singapore Depositary Receipt Repr 2/1 Sh
0.73
-0.56
-43.54%
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.