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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:69Neutral
Price Target:
S$5.00
▲(7.30% Upside)
Action:Reiterated
Date:08/24/26
Overall score is driven by solid financial performance (growth, resilient profitability, and strong cash conversion) tempered by meaningful balance-sheet leverage. Valuation is supportive due to a ~4.9% dividend yield and a mid-teens P/E, while technical indicators remain mixed/soft with no clear positive momentum.
Positive Factors
Sustained Revenue Growth
Revenue has expanded materially since 2023, indicating broad operating scale and continued demand across Ping An’s insurance, banking, and financial-services businesses. Sustained top-line growth can strengthen earnings capacity and support investment in distribution and technology.
Negative Factors
Meaningful Balance-Sheet Leverage
Although leverage improved from 2.08x in 2025, the absolute debt burden remains large and debt-to-equity has fluctuated materially. Higher financial obligations can reduce resilience if credit conditions tighten, asset values weaken, or operating performance deteriorates.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue has expanded materially since 2023, indicating broad operating scale and continued demand across Ping An’s insurance, banking, and financial-services businesses. Sustained top-line growth can strengthen earnings capacity and support investment in distribution and technology.
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$185.50B
Dividend Yield5.11%
Average Volume (3M)18.75K
Price to Earnings (P/E)7.5
Beta (1Y)0.68
Revenue Growth7.66%
EPS Growth16.84%
CountrySG
Employees258,806
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Life
Share Statistics
EPS (TTM)3.31
Shares Outstanding0
10 Day Avg. Volume29,900
30 Day Avg. Volume18,750
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 makes money through multiple financial-services revenue streams: (1) Insurance underwriting income: It earns premiums from policyholders across life & health and property & casualty lines. Profitability is driven by pricing and underwritin...
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.08T | 1.05T | 916.62B | 802.06B | 763.87B | 1.06T |
| Gross Profit | 966.02B | 1.05T | 916.62B | 802.06B | 763.87B | 1.06T |
| EBITDA | 279.90B | 223.03B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 156.66B | 133.20B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | ||||||
| Total Assets | 14.27T | 13.91T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 675.12B | 910.16B | 950.37B | 797.92B | 747.66B | 630.51B |
| Total Debt | 2.38T | 2.08T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.82T | 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 | 627.69B | 463.86B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 636.30B | 472.11B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -333.55B | -477.56B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | -174.43B | 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
Positive
4.66
Price Trends
4.80
Positive
4.66
Positive
Market Momentum
0.13
Negative
65.58
Neutral
88.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:HPAD, the sentiment is Positive. The current price of 4.66 is below the 20-day moving average (MA) of 4.94, below the 50-day MA of 4.80, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 65.58 is Neutral, neither overbought nor oversold. The STOCH value of 88.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
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23.21%
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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.