Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh (SG:HPAD)
SGX:HPAD
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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:80Outperform
Price Target:
S$6.50
▲(12.65% Upside)
Action:ReiteratedDate:10/29/25
Ping An Insurance's strong financial performance and attractive valuation are the primary drivers of its high score. The company's robust revenue growth and profitability improvements, combined with a low P/E ratio and reasonable dividend yield, make it a compelling investment. Technical analysis supports a positive outlook, though caution is advised due to potential overbought conditions.
Positive Factors
Scale of investable assets (insurance float)
Ping An's large insurance float provides a durable, self-sustaining source of investable assets that generates recurring investment income and spread earnings. Over months, this scale supports fee generation, capital buffers and cross-subsidizes products, enhancing long-term earnings resilience.
Negative Factors
High financial leverage
A debt-to-equity ratio around 1.5 indicates significant leverage for an insurer/bank mix, constraining flexibility. Elevated leverage increases sensitivity to rate moves and credit stress, raising funding and solvency risk if adverse market or underwriting shocks persist over several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale of investable assets (insurance float)
Ping An's large insurance float provides a durable, self-sustaining source of investable assets that generates recurring investment income and spread earnings. Over months, this scale supports fee generation, capital buffers and cross-subsidizes products, enhancing long-term earnings resilience.
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$185.08B
Dividend Yield4.51%
Average Volume (3M)30.90K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth7.65%
EPS Growth16.83%
CountrySG
Employees273,053
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)0.01
Shares Outstanding0
10 Day Avg. Volume23,910
30 Day Avg. Volume30,896
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.41
Price to Sales (P/S)0.41
P/FCF Ratio1.01
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. provides financial products and services for life insurance, property and casualty insurance, trust, securities, banking, and other businesses in the People's Republic of China. It operates through ...
How the Company Makes Money
Ping An generates revenue through several key streams. The bulk of its income comes from premiums collected through its life and non-life insurance segments, where it offers various products such as life insurance policies, property insurance, aut...
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 913.12B | 916.62B | 802.06B | 763.87B | 1.06T |
| Gross Profit | 913.12B | 916.62B | 802.06B | 763.87B | 1.06T |
| EBITDA | 180.37B | 207.86B | 163.69B | 183.38B | 184.18B |
| Net Income | 120.03B | 126.61B | 85.67B | 111.01B | 101.62B |
Balance Sheet | |||||
| Total Assets | 13.51T | 12.96T | 11.58T | 11.01T | 10.14T |
| Cash, Cash Equivalents and Short-Term Investments | 973.81B | 950.37B | 797.92B | 747.66B | 630.51B |
| Total Debt | 1.34T | 1.40T | 1.49T | 1.48T | 1.59T |
| Total Liabilities | 12.17T | 11.65T | 10.35T | 9.82T | 9.06T |
| Stockholders Equity | 943.95B | 928.60B | 899.01B | 869.19B | 812.40B |
Cash Flow | |||||
| Free Cash Flow | 408.14B | 375.80B | 352.59B | 467.90B | 77.93B |
| Operating Cash Flow | 415.78B | 382.47B | 360.40B | 476.78B | 90.12B |
| Investing Cash Flow | -463.33B | -416.25B | -104.00B | -215.76B | 27.93B |
| Financing Cash Flow | 67.68B | 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 Peers Comparison
UnderperformOutperform
Sector (68)
SG:HPAD
Ping An Insurance (Group) Company of China, Ltd. Shs UnSp Singapore Depositary Receipt Repr 1/2 Sh
4.90
1.03
26.61%
DE:IZB
United Overseas Insurance Limited
5.35
0.20
3.88%
SG:G07
Great Eastern Holdings Limited
15.75
3.31
26.61%
SG:HBND
Bank of China Ltd UnSp Singapore Depositary Receipt Repr 1 Sh
0.80
0.05
6.67%
SG:HSHD
HSBC Holdings PLC UnSp Singapore Depositary Receipt Repr 1/5 Sh
4.10
1.17
39.79%
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.