Want to see HK:2318 full AI Analyst Report?
Top Page
Ping An Insurance Company of China
(2318)
Select Model
Select Model
Rating:64Neutral
Price Target:
HK$57.00
▼(-5.94% Downside)
Action:Reiterated
Date:05/02/26
The score is supported primarily by strong profitability and high-quality cash conversion, with improving leverage trends. It is held back by the very high P/E and a mixed technical picture with slightly negative MACD and the price below key medium-term moving averages.
Positive Factors
Strong cash generation
Sustained high operating and free cash flow (TTM ~405B/397B) indicates durable cash conversion and earnings quality. This supports reserve funding, reinvestment into distribution and products, and flexibility for capital allocation over the next several quarters.
Negative Factors
High absolute debt load
A very large absolute debt stock (~1.34T) leaves the company exposed to interest rate and funding stress despite improving ratios. Large nominal liabilities raise refinancing and capital-structure risk if market or economic conditions deteriorate over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained high operating and free cash flow (TTM ~405B/397B) indicates durable cash conversion and earnings quality. This supports reserve funding, reinvestment into distribution and products, and flexibility for capital allocation over the next several quarters.
Read all positive factors
Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.03T
Dividend Yield4.25%
Average Volume (3M)41.58M
Price to Earnings (P/E)6.9
Beta (1Y)1.33
Revenue Growth1.56%
EPS Growth15.44%
CountryHK
Employees258,806
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)7.57
Shares Outstanding7,447,577,000
10 Day Avg. Volume42,817,767
30 Day Avg. Volume41,581,731
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$81.43Price Target Upside34.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)8.21
Revenue Forecast (FY)HK$1.09T
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 (1) insurance underwriting and fees, (2) investment income generated from managing its large pool of insurance and customer funds, and (3) banking and asset/wealth management income.
1) Insur...
Ping An Insurance Company of China Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 912.17B | 927.89B | 916.62B | 678.64B | 664.50B | 1.06T |
| Gross Profit | 902.93B | 919.19B | 908.77B | 678.64B | 664.50B | 1.06T |
| EBITDA | 224.10B | 221.61B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 132.76B | 131.29B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | ||||||
| Total Assets | 14.17T | 13.90T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 983.50B | 269.72B | 950.37B | 797.92B | 746.52B | 630.51B |
| Total Debt | 1.34T | 2.61T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.74T | 12.49T | 11.65T | 10.35T | 9.82T | 9.06T |
| Stockholders Equity | 1.02T | 1.00T | 928.60B | 899.01B | 869.19B | 812.40B |
Cash Flow | ||||||
| Free Cash Flow | 397.01B | 655.67B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 405.28B | 663.81B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -554.35B | -689.73B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | 256.69B | 199.24B | 30.95B | -222.06B | -230.87B | -136.41B |
Ping An Insurance Company of China Technical Analysis
Negative
60.60
Price Trends
56.61
Negative
58.80
Negative
59.20
Negative
Market Momentum
-0.56
Negative
51.26
Neutral
82.70
Negative
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 60.6 is above the 20-day moving average (MA) of 53.05, above the 50-day MA of 56.61, and above the 200-day MA of 59.20, indicating a neutral trend. The MACD of -0.56 indicates Negative momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 82.70 is Negative, 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$1.14T | 7.63 | 31.07% | 3.42% | 36.40% | 44.74% | |
69 Neutral | HK$314.13B | 5.31 | 18.16% | 3.28% | 10.54% | 27.66% | |
68 Neutral | HK$197.59B | 5.31 | 35.23% | 5.24% | 39.01% | 38.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$781.69B | 16.34 | 14.90% | 2.16% | 9.97% | -4.43% | |
64 Neutral | HK$1.03T | 6.89 | 13.45% | 4.25% | 1.56% | 15.44% | |
64 Neutral | HK$341.80B | 7.51 | 13.89% | 3.05% | 9.46% | 9.49% |
* Financial Sector Average
HK:2318
Ping An Insurance Company of China
54.60
3.94
7.77%
HK:1299
AIA Group
75.55
7.85
11.59%
HK:2601
China Pacific Insurance (Group) Co
28.30
0.02
0.06%
HK:2628
China Life Insurance Co
26.48
7.13
36.85%
HK:1339
People's Insurance Co (Group) of China
5.05
-0.48
-8.66%
HK:1336
New China Life Insurance Co., Ltd. Class H
44.56
2.20
5.18%
Ping An Insurance Company of China Corporate Events
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...
Ping An completes major share purchase for 2026 long-term employee service plan
May 21, 2026
Ping An Insurance has completed a share purchase for its 2026 Long-term Service Plan, acquiring 73,849,000 H shares, or 0.408% of its total share capital, on the secondary market at an average price of about RMB54.54 per share using funds sourced ...
Ping An shareholders approve 2025 AGM resolutions amid strong turnout
May 20, 2026
Ping An Insurance (Group) Company of China held its 2025 annual general meeting on May 20, 2026, in Shenzhen, with both onsite and online voting available to A-share investors and participation from H-shareholders. The meeting complied with PRC co...
Ping An Reshapes Governance as Supervisory Committee Is Abolished and Executive Director Resigns
May 14, 2026
Ping An Insurance has secured regulatory approval from China’s National Financial Regulatory Administration for amendments to its articles of association, which took effect on May 13, 2026 and abolish the company’s supervisory committe...
Ping An Insurance Sets Structure for 13th Board and Key Committees
May 14, 2026
Ping An Insurance Company of China has announced the composition of its 13th board of directors, outlining the roles of executive, non-executive, and independent non-executive directors. The company detailed the leadership of key board committees,...
Ping An Sets Detailed Mandate for Audit and Risk Management Committee
May 14, 2026
Ping An Insurance has detailed the composition and operating rules of its Audit and Risk Management Committee, requiring at least three non-executive directors, a majority of whom must be independent and possess expertise in finance, audit, accoun...
Ping An Posts Solid Q1 2026 Growth as Integrated Finance and Health Strategy Gains Traction
Apr 28, 2026
Ping An reported a solid start to 2026, with operating profit attributable to shareholders rising 7.6% year on year to RMB40.78 billion in the first quarter, and equity attributable to shareholders up 1.8% to RMB1.02 trillion, reflecting resilienc...
Ping An Sets 2026 AGM to Approve 2025 Results, Dividend and Share Issue Mandate
Apr 28, 2026
Ping An Insurance Company of China has called its 2026 annual general meeting for May 20 in Shenzhen to seek shareholder approval of its 2025 board and supervisory reports, annual report and summary, and the profit distribution plan including the ...
Ping An Flags 2026 First-Quarter Results in Hong Kong Regulatory Notice
Apr 28, 2026
Ping An Insurance Company of China has issued an overseas regulatory announcement in Hong Kong to comply with local listing rules, underscoring its status as a cross-border financial institution subject to multiple disclosure regimes. The notice, ...
Ping An Posts Robust Q1 2026 Results as Integrated Finance and Health Strategy Gains Traction
Apr 28, 2026
Ping An reported a solid start to 2026, with operating profit attributable to shareholders rising 7.6% year on year to RMB40.78 billion and shareholders’ equity up 1.8%, despite macroeconomic headwinds and external uncertainties. The group&#...
Ping An Insurance Flags Release of Ping An Bank’s Q1 2026 Results
Apr 24, 2026
Ping An Insurance (Group) Company of China has announced that its banking subsidiary, Ping An Bank Co., Ltd., has released its first-quarter 2026 financial report on the Shenzhen Stock Exchange’s website. The group has also made the same qua...
Ping An Advances 2026 Share Purchase and Long-Term Service Plans
Apr 24, 2026
Ping An Insurance has reported progress on its 2026 Key Employee Share Purchase Plan and 2026 Long-term Service Plan, both approved by its board to strengthen employee incentives. The initiatives involve buying company shares on the secondary mark...
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.