Ping An Insurance Company of China Ltd (HK:2318)
:2318
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Ping An Insurance Company of China
(2318)
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Rating:65Neutral
Price Target:
HK$64.00
â–²(5.61% Upside)
Action:DowngradedDate:03/28/26
Overall score reflects solid fundamentals led by strong cash-flow quality and a meaningful valuation tailwind (low P/E and high dividend yield). These positives are tempered by increased 2025 leverage risk and weak technical momentum (below key moving averages with negative MACD), which lowers near-term setup despite oversold readings.
Positive Factors
Strong cash generation
High-quality cash conversion (FCF roughly 0.98–0.99 of net income) means earnings reliably convert to cash, supporting dividends, reinvestment, and liability servicing. The large 2025 FCF jump enhances near-term financial flexibility and funds strategic initiatives without needing immediate external financing.
Negative Factors
Rising leverage
A sharp jump in debt-to-equity materially increases financial risk and reduces strategic flexibility. Higher leverage raises sensitivity to interest-rate and underwriting shocks, constrains room for opportunistic investments or dividends, and amplifies downside in a prolonged earnings slowdown.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
High-quality cash conversion (FCF roughly 0.98–0.99 of net income) means earnings reliably convert to cash, supporting dividends, reinvestment, and liability servicing. The large 2025 FCF jump enhances near-term financial flexibility and funds strategic initiatives without needing immediate external financing.
Read all positive factors
Ping An Insurance Company of China (2318) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.20T
Dividend Yield4.25%
Average Volume (3M)41.58M
Price to Earnings (P/E)139.9
Beta (1Y)1.38
Revenue Growth>-0.01%
EPS Growth6.63%
CountryHK
Employees273,053
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)1.43
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$80.56Price Target Upside32.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)8.15
Revenue Forecast (FY)HK$1.11T
Ping An Insurance Company of China Business Overview & Revenue Model
Company Description
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's Life and Health Insurance se...
How the Company Makes Money
Ping An primarily makes money through a combination of insurance underwriting and investment/financial income across its integrated financial platform.
1) Insurance underwriting income (risk-based earnings)
- Life & health insurance: Ping An sell...
Ping An Insurance Company of China Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 927.89B | 916.62B | 678.64B | 664.50B | 1.06T |
| Gross Profit | 919.19B | 908.77B | 678.64B | 664.50B | 1.06T |
| EBITDA | 221.61B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 131.29B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | |||||
| Total Assets | 13.90T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 269.72B | 950.37B | 797.92B | 746.52B | 630.51B |
| Total Debt | 2.61T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.49T | 11.65T | 10.35T | 9.82T | 9.06T |
| Stockholders Equity | 1.00T | 928.60B | 899.01B | 869.19B | 812.40B |
Cash Flow | |||||
| Free Cash Flow | 655.67B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 663.81B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -689.73B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | 199.24B | 30.95B | -222.06B | -230.87B | -136.41B |
Ping An Insurance Company of China Technical Analysis
Negative
60.60
Price Trends
65.28
Negative
64.84
Negative
59.59
Positive
Market Momentum
-0.61
Negative
43.71
Neutral
55.85
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 60.6 is below the 20-day moving average (MA) of 60.95, below the 50-day MA of 65.28, and above the 200-day MA of 59.59, indicating a neutral trend. The MACD of -0.61 indicates Negative momentum. The RSI at 43.71 is Neutral, neither overbought nor oversold. The STOCH value of 55.85 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.08T | 4.51 | 31.07% | 3.42% | 17.69% | 126.41% | |
72 Outperform | HK$205.64B | 4.31 | 38.67% | 5.24% | 39.01% | 38.60% | |
71 Outperform | HK$389.14B | 9.89 | 18.91% | 3.28% | 10.54% | 27.66% | |
68 Neutral | HK$339.29B | -37.16 | 15.71% | 3.05% | 9.46% | 9.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$1.20T | 139.89 | 13.93% | 4.25% | >-0.01% | 6.63% | |
65 Neutral | HK$892.68B | 17.34 | 15.16% | 2.16% | 9.97% | -4.43% |
* Financial Sector Average
HK:2318
Ping An Insurance Company of China
63.70
19.58
44.37%
HK:1299
AIA Group
84.95
28.41
50.23%
HK:2601
China Pacific Insurance (Group) Co
33.80
13.59
67.21%
HK:2628
China Life Insurance Co
27.40
13.74
100.54%
HK:1339
People's Insurance Co (Group) of China
5.29
0.85
19.17%
HK:1336
New China Life Insurance Co., Ltd. Class H
50.60
24.06
90.65%
Ping An Insurance Company of China Corporate Events
Ping An Publishes 2025 Annual Results as Hong Kong Regulatory Filing
Mar 26, 2026
Ping An Insurance (Group) Company of China, Ltd. has released its 2025 annual results in March 2026 as an overseas regulatory announcement in Hong Kong, in line with local listing rules. The filing, described under the theme of value growth and se...
Ping An launches 2026 key employee share purchase plan with broad staff participation
Mar 26, 2026
Ping An Insurance (Group) Company of China has approved and launched its 2026 Key Employee Share Purchase Plan, aiming to align staff interests with those of shareholders and reinforce long‑term commitment. A total of 2,282 employees, includ...
Ping An Extends Key Employee Share Purchase Plan to Bolster Talent Retention
Mar 26, 2026
Ping An Insurance (Group) Company of China has extended the term of its Key Employee Share Purchase Plan, a core component of its medium- and long-term incentive framework first approved in 2015 and previously prolonged to February 4, 2027. The bo...
Ping An Launches RMB 4 Billion 2026 Long-term Employee Service Plan
Mar 26, 2026
Ping An Insurance has approved the implementation plan for its 2026 Long-term Service Plan, a broad-based employee incentive and retention scheme funded entirely from staff remuneration. A total of 71,374 employees have opted in, contributing RMB ...
Ping An Sets April Board Meeting to Approve First-Quarter 2026 Results
Mar 26, 2026
Ping An Insurance has scheduled a board meeting for April 28, 2026, to review and approve the group’s first-quarter results for the period ending March 31, 2026. The meeting will also address other corporate matters, signaling an upcoming di...
Ping An Announces Final 2025 Dividend and Sets Cross-Border Tax Terms
Mar 26, 2026
Ping An Insurance (Group) Company of China has declared a final ordinary dividend of RMB 1.75 per share for the financial year ended 31 December 2025, with shareholders to approve the payout on 20 May 2026. The dividend offers a currency election ...
Ping An Sets Detailed Mandate for Nomination and Remuneration Committee
Mar 26, 2026
Ping An Insurance has formalized detailed terms of reference for its Nomination and Remuneration Committee, defining its composition as at least three independent non-executive directors, one with strong talent identification and remuneration mana...
Ping An Formalizes Roles and Powers of Nomination and Remuneration Committee
Mar 26, 2026
Ping An Insurance has detailed the composition and operational rules of its Nomination and Remuneration Committee, which must consist of at least three independent non-executive directors, including at least one with strong experience in talent id...
Ping An Proposes RMB1.75 Final Dividend and Sets Payout Timetable
Mar 26, 2026
Ping An Insurance has proposed a cash final dividend of RMB1.75 per share for the year ended December 31, 2025, with payment subject to shareholder approval at the annual general meeting on May 20, 2026. The dividend will be declared in renminbi, ...
Ping An Publishes Audited 2025 Results and Full Annual Report
Mar 26, 2026
Ping An Insurance (Group) Company of China has released its audited results for the year ended Dec. 31, 2025, alongside the full 2025 annual report prepared under International Financial Reporting Standards. The report, which will be distributed t...
Ping An Publishes Ping An Bank 2025 Annual Report Summary on Mainland Exchanges
Mar 20, 2026
Ping An Insurance (Group) Company of China announced that its banking subsidiary, Ping An Bank Co., Ltd., has released its 2025 annual report on the Shenzhen Stock Exchange. The group has also disclosed a summary of Ping An Bank’s 2025 annua...
Ping An Sets March 2026 Webcast for 2025 Annual Results
Mar 19, 2026
Ping An Insurance (Group) Company of China will publish its 2025 annual results on March 26, 2026, on the Hong Kong stock exchange website, reinforcing its disclosure practices as a leading Chinese financial and insurance conglomerate. The group&#...
Ping An Shareholders Approve Governance Amendments at 2026 Extraordinary Meeting
Feb 13, 2026
Ping An Insurance has reported the voting results of its first extraordinary general meeting of 2026, held in Shenzhen with both onsite and online participation by A-share and H-share holders. The meeting complied with PRC corporate and securities...
Ping An Says HKEX Censure of Independent Supervisor Will Not Affect Group Operations
Jan 14, 2026
Ping An Insurance (Group) Company of China, Ltd. has disclosed that its independent supervisor, Mr. Hung Ka Hai Clement, was publicly censured by the Hong Kong Stock Exchange in connection with his role as an independent non-executive director of ...
Ping An Sets March 26, 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Dec 29, 2025
Ping An Insurance (Group) Company of China, Ltd. has scheduled a board meeting for March 26, 2026, to review and approve the Group’s audited financial results for the year ended December 31, 2025, and to consider a proposal for a final divid...
Ping An Insurance Calls February 2026 EGM to Amend Articles of Association
Dec 29, 2025
Ping An Insurance has called its first extraordinary general meeting of 2026 for 2:00 p.m. on 13 February in Shenzhen to seek shareholder approval, by way of a special resolution and non-cumulative voting, for amendments to its Articles of Associa...
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.