ZhongAn Online P&C Insurance Co. Ltd.
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ZhongAn Online P & C InsuranceSEHK:6060 Stock Report
ZhongAn Online P & C Insurance Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$30.80 |
| 52 Week High | HK$29.00 |
| 52 Week Low | HK$78.80 |
| Beta | 0.80 |
| 1 Month Change | -14.21% |
| 3 Month Change | -34.88% |
| 1 Year Change | -21.33% |
| 3 Year Change | 9.61% |
| 5 Year Change | n/a |
| Change since IPO | -52.76% |
Recent News & Updates
Feb 22
Analysts Expect ZhongAn Online P & C Insurance Co., Ltd. (HKG:6060) To Breakeven Soon
We feel now is a pretty good time to analyse ZhongAn Online P & C Insurance Co., Ltd.'s ( HKG:6060 ) business as it...
Shareholder Returns
| 6060 | HK Insurance | HK Market | |
|---|---|---|---|
| 7D | -2.2% | 3.7% | 2.0% |
| 1Y | -21.3% | -15.5% | 3.4% |
Return vs Industry: 6060 underperformed the Hong Kong Insurance industry which returned -15.5% over the past year.
Return vs Market: 6060 underperformed the Hong Kong Market which returned 3.4% over the past year.
Price Volatility
| 6060 volatility | |
|---|---|
| 6060 Beta | 0.80 |
| Industry Beta | 0.94 |
| Market Beta | 1 |
Stable Share Price: 6060 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 6060's weekly volatility (9%) has been stable over the past year.
About the Company
ZhongAn Online P & C Insurance Co., Ltd., an internet-based insuretech company, provides internet insurance and insurance information technology services in the People’s Republic of China. The company operates through Insurance, Technology, Banking, and Others segments. It offers property and casualty insurance products covering accident, bond and credit, health, liability, cargo, household property, motor, and other insurance, as well as shipping return insurance.
ZhongAn Online P & C Insurance Fundamentals Summary
| 6060 fundamental statistics | |
|---|---|
| Market Cap | CN¥37.41b |
| Earnings (TTM) | CN¥818.64m |
| Revenue (TTM) | CN¥19.54b |
Earnings & Revenue
| 6060 income statement (TTM) | |
|---|---|
| Revenue | CN¥19.54b |
| Cost of Revenue | CN¥10.80b |
| Gross Profit | CN¥8.74b |
| Expenses | CN¥7.92b |
| Earnings | CN¥818.64m |
Last Reported Earnings
Jun 30, 2021
| Earnings per share (EPS) | 0.56 |
| Gross Margin | 44.73% |
| Net Profit Margin | 4.19% |
| Debt/Equity Ratio | 51.2% |
How did 6060 perform over the long term?
See historical performance and comparisonValuation
Is ZhongAn Online P & C Insurance undervalued compared to its fair value and its price relative to the market?
45.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 6060 (HK$30.8) is trading above our estimate of fair value (HK$20.21)
Significantly Below Fair Value: 6060 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 6060 is poor value based on its PE Ratio (45.7x) compared to the Hong Kong Insurance industry average (5.2x).
PE vs Market: 6060 is poor value based on its PE Ratio (45.7x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 6060 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 6060 is overvalued based on its PB Ratio (2.3x) compared to the HK Insurance industry average (0.7x).
Future Growth
How is ZhongAn Online P & C Insurance forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
31.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6060's forecast earnings growth (31.4% per year) is above the savings rate (1.5%).
Earnings vs Market: 6060's earnings (31.4% per year) are forecast to grow faster than the Hong Kong market (17.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6060's revenue (18% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).
High Growth Revenue: 6060's revenue (18% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6060's Return on Equity is forecast to be low in 3 years time (11.6%).
Past Performance
How has ZhongAn Online P & C Insurance performed over the past 5 years?
33.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6060 has high quality earnings.
Growing Profit Margin: 6060 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 6060 has become profitable over the past 5 years, growing earnings by 33.8% per year.
Accelerating Growth: 6060 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 6060 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (33%).
Return on Equity
High ROE: 6060's Return on Equity (2.6%) is considered low.
Financial Health
How is ZhongAn Online P & C Insurance's financial position?
Financial Position Analysis
Short Term Liabilities: 6060's short term assets (CN¥26.5B) exceed its short term liabilities (CN¥16.7B).
Long Term Liabilities: 6060's short term assets (CN¥26.5B) exceed its long term liabilities (CN¥14.4B).
Debt to Equity History and Analysis
Debt Level: 6060's debt to equity ratio (51.2%) is considered high.
Reducing Debt: 6060's debt to equity ratio has increased from 2.1% to 51.2% over the past 5 years.
Debt Coverage: 6060's debt is well covered by operating cash flow (32.8%).
Interest Coverage: 6060's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Dividend
What is ZhongAn Online P & C Insurance current dividend yield, its reliability and sustainability?
0.077%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 6060's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 6060's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 6060's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 6060's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 6060's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Mr. Jiang Xing has been the General Manager and Chief Executive Officer of ZhongAn Online P & C Insurance Co., Ltd. since July 2019 and served as its Interim Chief Executive Officer since July 2019. He ser...
Leadership Team
Experienced Management: 6060's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: 6060's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ZhongAn Online P & C Insurance Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: ZhongAn Online P & C Insurance Co., Ltd.
- Ticker: 6060
- Exchange: SEHK
- Founded: 2013
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: HK$45.270b
- Shares outstanding: 1.47b
- Website: https://www.zhongan.com
Number of Employees
Location
- ZhongAn Online P & C Insurance Co., Ltd.
- Associate Mission Building
- 4–5th Floor
- Shanghai
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/14 10:07 |
| End of Day Share Price | 2021/10/12 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
ZhongAn Online P & C Insurance Co Ltd
About ZhongAn Online P & C Insurance Co Ltd
ZhongAn Online P & C Insurance Co., Ltd. is a China-based online insurance company. The Company provides insurance services include lifestyle consumption insurance, consumer finance insurance, health insurance, auto insurance and travel insurance. The Company’s products include shipping return policy, online payment security insurance, account security insurance, phone accident policy, phone screen crack policy, Baobei Open Platform, Mashanghua, individual health insurance, group health insurance plans, flight accident and delay policy and among others.
Industry
Insurance (Prop. & Casualty)
Executive Leadership
Yaping Ou
Executive Chairman of the Board
Xing Jiang
Chief Executive Officer, Acting General Manager
Gaofeng Li
Chief Financial Officer, Chief Investment Officer, Vice General Manager
Yongbo Zhang
Chief Risk Management Officer, Vice General Manager, Company Secretary, Compliance Director
Key Stats
2.04 mean rating - 28 analysts
Revenue (MM, CNY)
EPS (CNY)
Price To Earnings (TTM) | 45.83 |
|---|---|
Price To Sales (TTM) | 1.91 |
Price To Book (MRQ) | 2.28 |
Price To Cash Flow (TTM) | 48.21 |
Total Debt To Equity (MRQ) | 79.66 |
LT Debt To Equity (MRQ) | 40.75 |
Return on Investment (TTM) | -- |
Return on Equity (TTM) | 1.12 |
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Source: FactSet
Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet
Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones
Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones
ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones
Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Source: FactSet
Data are provided 'as is' for informational purposes only and are not intended for trading purposes. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.
Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)
Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: Kantar Media
Stock 6060: hk
ZhongAn Online P & C Insurance Co., Ltd. Stock Forecast HKEX:6060
Red day on Wednesday for ZhongAn Online P & C Insurance Co., Ltd. stock after losing 0%
(Updated on Oct 13, 2021)
Sell candidate since 2021-10-12 PDF
No changes to the price of ZhongAn Online P & C Insurance Co., Ltd. stock on the last trading day (Wednesday, 13th Oct 2021). During the day the stock fluctuated 0% from a day low at HK$30.80 to a day high of HK$30.80. The price has fallen in 6 of the last 10 days and is down by -4.05% for this period.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -32.85% during the next 3 months and, with a 90% probability hold a price between HK$16.15 and HK$22.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are mixed signals in the stock today. The ZhongAn Online P & C Insurance Co., Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$30.92 and HK$34.06. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, October 12, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
ZhongAn Online P & C Insurance Co., Ltd. finds support from accumulated volume at HK$30.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 4.24%
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is ZhongAn Online P & C Insurance Co., Ltd. stock A Buy?
ZhongAn Online P & C Insurance Co., Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.728
Predicted Opening Price for ZhongAn Online P & C Insurance Co., Ltd. of Friday, October 15, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
| Fair opening price October 15, 2021 | Current price |
|---|---|
| HK$30.80 | HK$30.80 (Undervalued) |
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Overall Risk: Very HighHighMediumLowVery Low
4.24 %
Daily Average Volatility
Very High
High
Medium
Low
Very Low
Resistance: HK$36.15
Price: HK$30.80
Support: HK$30.20
Markets
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright © FactSet Research Systems Inc. All rights reserved. Source: FactSet
Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet
Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones
Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones
ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones
Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Source: FactSet
Data are provided 'as is' for informational purposes only and are not intended for trading purposes. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.
Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)
Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: Kantar Media
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Oh, trouble - too much. I shouldn't have lured the Warrior in the bath with my boob. The Great Mother punished for this indecency. The whole family was punished. Its good that the priest didnt find out, but they would have tied me in a sack of stones and drowned me in the river.