Ping An Insurance Company of China (2318) AI Stock Analysis

• Market Cap: $1.03T
• Dividend Yield: 5.35%
• Average Volume (3M): 46.87M
• Price to Earnings (P/E): 7.4
• Beta (1Y): 1.55
• Revenue Growth: 12.05%
• EPS Growth: 32.41%
• Country: HK
• Employees: 273,053
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 4.05
• Shares Outstanding: 7,447,577,000
• 10 Day Avg. Volume: 41,774,675
• 30 Day Avg. Volume: 46,874,965
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.74
• Enterprise Value/Revenue: 5.23
• Enterprise Value/Gross Profit: 4.64
• Enterprise Value/Ebitda: 40.24
• 1Y Price Target: $69.43
• Price Target Upside: 32.49% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 79 Outperform
• Price Target: HK$57.00 ▲(8.78% Upside)

The overall stock score is driven by strong technical indicators and attractive valuation metrics. Financial performance is robust, but slower revenue growth and high liabilities are concerns. With no earnings call or corporate events data, the focus remains on the core financial and technical strengths.

Positive Factors

Negative Factors

Ping An Insurance Company of China Business Overview & Revenue Model

Company Description

Ping An Insurance Company of China, Ltd. (2318) is one of the largest and most comprehensive financial services groups in China. Founded in 1988 and headquartered in Shenzhen, the company operates across multiple sectors, including insurance, banking, asset management, and fintech. It offers a wide range of insurance products, including life, health, and property and casualty insurance, while also providing banking services through Ping An Bank and investment products through its asset management arm. Additionally, Ping An is a pioneer in integrating technology with financial services, leveraging innovations such as artificial intelligence, blockchain, and cloud computing to enhance its offerings and customer experience.

How the Company Makes Money

Ping An Insurance Company of China generates revenue through several key streams. Primarily, it earns income from underwriting premiums in its life, health, and property and casualty insurance segments. The company invests these premiums and generates returns through its asset management activities, which include managing investments for third-party clients as well as its own insurance funds. In the banking sector, Ping An Bank contributes to revenue through interest income from loans and credit products, as well as fees from services such as wealth management and credit card issuance. Additionally, the company's fintech and healthtech initiatives offer services that are increasingly generating revenue streams through digital platforms and technology-driven solutions. Significant partnerships with technology firms and collaborations in the financial sector further bolster its earnings, allowing Ping An to maintain a diversified and robust revenue model.

Ping An Insurance Company of China Financial Statement Overview

Summary

Ping An Insurance demonstrates strong financial health with consistent profitability and a solid equity position. Revenue growth has slowed, and high liabilities pose potential risks, but substantial cash reserves and operational efficiency are maintained.

Income Statement

The income statement shows strong gross and net profit margins with consistent revenue figures. However, recent revenue growth is declining, indicating potential challenges in maintaining growth momentum. Profitability remains solid, though the drop in EBIT margin is a concern for future earnings potential.

Balance Sheet

The balance sheet reflects a stable equity position with a moderate debt-to-equity ratio, indicating sound financial leverage. The equity ratio is healthy, suggesting a strong asset base funded by equity. However, total liabilities remain high, posing potential risk in a downturn.

Cash Flow

Positive cash flow generation is evident with robust free cash flow and strong operating cash flow to net income ratio. Although free cash flow growth has slowed, the company maintains a solid cash buffer to support operations and investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	738.46B	744.91B	678.64B	664.50B	1.06T	1.32T
Gross Profit	831.29B	744.91B	678.64B	664.50B	1.06T	1.09T
EBITDA	95.91B	207.86B	163.69B	123.40B	184.18B	230.71B
Net Income	120.03B	126.61B	85.67B	111.01B	101.62B	143.10B
Balance Sheet
Total Assets	13.51T	12.96T	11.58T	11.01T	10.14T	9.53T
Cash, Cash Equivalents and Short-Term Investments	973.81B	950.37B	797.92B	746.52B	630.51B	597.30B
Total Debt	1.34T	1.40T	1.49T	1.48T	1.59T	1.42T
Total Liabilities	12.17T	11.65T	10.35T	9.82T	9.06T	8.54T
Stockholders Equity	943.95B	928.60B	899.01B	869.19B	812.40B	762.56B
Cash Flow
Free Cash Flow	295.41B	375.80B	352.59B	467.90B	77.93B	302.08B
Operating Cash Flow	338.19B	382.47B	360.40B	476.78B	90.12B	312.07B
Investing Cash Flow	-463.33B	-416.25B	-104.00B	-215.76B	27.93B	-447.14B
Financing Cash Flow	67.68B	30.95B	-222.06B	-230.87B	-136.41B	260.64B

Ping An Insurance Company of China Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 52.40
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2318, the sentiment is Neutral. The current price of 52.4 is below the 20-day moving average (MA) of 55.01, below the 50-day MA of 54.72, and above the 200-day MA of 47.00, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 36.14 is Neutral, neither overbought nor oversold. The STOCH value of 4.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2318.

Ping An Insurance Company of China Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2318	79 Outperform	$1.03T	7.39		5.35%	12.05%	32.41%
1339	78 Outperform	356.36B	5.72	15.95%	3.01%	9.44%	79.93%
1336	75 Outperform	180.04B	4.13	0.00%	6.47%	49.90%	203.77%
2628	75 Outperform	1.02T	5.13	0.00%	3.30%	17.69%	126.41%
1299	73 Outperform	737.36B	16.23	16.88%	2.56%	5.65%	30.47%
2601	70 Outperform	345.79B	5.68	0.00%	3.87%	13.82%	39.75%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Ping An Insurance Company of China Corporate Events

Ping An Insurance Reports No Progress on 2025 Long-term Service Plan

Ping An Insurance Company of China announced that there has been no progress in the implementation of its 2025 Long-term Service Plan as of the latest update. The company has committed to fulfilling its information disclosure obligations and will provide timely updates on any developments regarding the plan, which is crucial for stakeholders monitoring the company’s strategic initiatives.

Ping An Insurance Schedules Board Meeting for Interim Results Review

Ping An Insurance Company of China has announced that its board of directors will meet on August 26, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also consider the payment of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

Ping An Completes 2025 Key Employee Share Purchase Plan

Ping An Insurance Company of China has completed the share purchase under its 2025 Key Employee Share Purchase Plan, acquiring over 11 million A shares, which constitutes 0.062% of its total share capital. This initiative, funded by employee remuneration and bonuses, involved 2,263 key personnel and aims to align employee interests with company performance, with shares subject to a lock-up period until June 2026 and contingent on performance targets.

Ping An Insurance Updates on 2025 Long-term Service Plan Progress

Ping An Insurance Company of China announced that there has been no progress in the implementation of its 2025 Long-term Service Plan as of the current date. The company has committed to fulfilling its information disclosure obligations in a timely manner as circumstances develop, which may impact its operational strategies and stakeholder expectations.

Ping An Completes HK$11.765 Billion Convertible Bond Issuance

Ping An Insurance Company of China has successfully completed the issuance of HK$11.765 billion zero-coupon convertible bonds due in 2030. The proceeds from this issuance will be used to bolster the company’s core business, enhance its capital position, and support new strategic initiatives in healthcare and elderly care. The company has also secured approval for listing the conversion shares on the Hong Kong Stock Exchange and plans to list the bonds on the Frankfurt Stock Exchange. With a scattered shareholding structure and no controlling shareholders, Ping An does not anticipate any change of control events that would trigger adjustments to the conversion price.

Ping An Insurance Proposes HK$11.765 Billion Convertible Bond Issue

Ping An Insurance Company of China announced the proposed issuance of HK$11.765 billion zero-coupon convertible bonds due 2030. The proceeds from the bonds will be used to enhance the company’s core business, strengthen its capital position, and support new strategic initiatives in healthcare and elderly care. The bonds are convertible into H Shares and will be listed on the Frankfurt Stock Exchange and the Hong Kong Stock Exchange, subject to certain conditions.

Ping An Insurance Updates Final Dividend Details for 2024

Ping An Insurance has announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend is set at RMB 1.62 per share, with an option for shareholders to receive it in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.08806. The payment date is scheduled for June 30, 2025, and the company will apply a withholding tax of 10% for non-resident enterprise and individual shareholders, and 20% for those investing via the Hong Kong Stock Connect Program. This announcement reflects Ping An’s commitment to shareholder returns while navigating the complexities of international tax regulations.

Ping An Insurance Advances 2025 Employee Share Plans

Ping An Insurance Company of China has announced the progress of its 2025 Key Employee Share Purchase Plan and Long-term Service Plan. The company purchased 3,883,500 A shares, representing 0.021% of its total share capital, with a total transaction amount of RMB199,912,162.97. The share purchase under the Key Employee Share Purchase Plan is not yet complete, and the Long-term Service Plan has not commenced. This initiative reflects the company’s commitment to employee engagement and long-term growth, potentially impacting its market positioning and stakeholder interests.