ZHONGAN ONLINE P & C INSURANCE CO., LTD. Financials ZhongAn Online P & C Insurance Co., Ltd.
Equities
6060
CNE100002QY7
Property & Casualty Insurance
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.12 HKD | +8.25% |
|
+17.56% | -26.46% |
| Apr. 05 | ZhongAn Online P&C Insurance Raises Transaction Limits with Ant Group | MT |
| Mar. 26 | ZhongAn Online P&C Insurance Returns to Profit in 2023; EPS, Revenue Beat Estimates | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,910 | 44,782 | 32,455 | 27,909 | 23,833 | 17,851 | - | - |
| Enterprise Value (EV) 1 | 36,910 | 44,782 | 34,597 | 38,181 | 29,058 | 22,425 | 22,258 | 17,851 |
| P/E ratio | -81 x | 80.2 x | 28 x | -20.6 x | 5.85 x | 14.5 x | 11.3 x | 12.6 x |
| Yield | - | - | - | - | - | - | 2.06% | - |
| Capitalization / Revenue | 2.44 x | 2.42 x | 1.48 x | 1.2 x | 0.71 x | 0.54 x | 0.46 x | 0.41 x |
| EV / Revenue | 2.44 x | 2.42 x | 1.58 x | 1.64 x | 0.87 x | 0.67 x | 0.58 x | 0.41 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | 9,711,716 x | - | - | - | - | - | - |
| FCF Yield | - | 0% | - | - | - | - | - | - |
| Price to Book | 2.48 x | 2.85 x | 1.94 x | 1.83 x | 1.19 x | 0.84 x | 0.8 x | 0.75 x |
| Nbr of stocks (in thousands) | 1,469,813 | 1,469,813 | 1,469,813 | 1,469,813 | 1,469,813 | 1,469,813 | - | - |
| Reference price 2 | 25.11 | 30.47 | 22.08 | 18.99 | 16.21 | 12.14 | 12.14 | 12.14 |
| Announcement Date | 3/23/20 | 3/23/21 | 3/23/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,124 | 18,493 | 21,940 | 23,352 | 33,539 | 33,292 | 38,665 | 43,212 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | -610.8 | 180.2 | 866.8 | -2,000 | - | 1,251 | 1,770 | 1,747 |
| Operating Margin | -4.04% | 0.97% | 3.95% | -8.57% | - | 3.76% | 4.58% | 4.04% |
| Earnings before Tax (EBT) 1 | -610.8 | 146.5 | 829.1 | -2,016 | 4,010 | 1,462 | 1,645 | 1,454 |
| Net income 1 | -454.1 | 554 | 1,165 | -1,356 | 4,078 | 1,241 | 1,583 | 1,355 |
| Net margin | -3% | 3% | 5.31% | -5.81% | 12.16% | 3.73% | 4.09% | 3.14% |
| EPS 2 | -0.3100 | 0.3800 | 0.7900 | -0.9200 | 2.770 | 0.8368 | 1.076 | 0.9624 |
| Free Cash Flow | - | 4,611 | - | - | - | - | - | - |
| FCF margin | - | 24.93% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 832.33% | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | 0.2500 | - |
| Announcement Date | 3/23/20 | 3/23/21 | 3/23/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | 14,231 | - |
| EBITDA | - | - | - | - | - | - |
| EBIT | - | - | -762.3 | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 334.3 | - | -766.9 | -1,249 | 104.7 | - |
| Net income 1 | 490 | 755 | -621.9 | -734.2 | 221.5 | 3,856 |
| Net margin | - | - | - | - | 1.56% | - |
| EPS | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 8/26/20 | 8/26/21 | 8/25/22 | 3/21/23 | 9/8/23 | 3/26/24 |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 2,142 | 10,272 | 5,225 | 4,574 | 4,407 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | 4,611 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | -3% | 3.62% | 7.18% | -8.49% | 22.8% | 6.95% | 7.78% | 8.21% |
| ROA (Net income/ Total Assets) | -1.6% | 1.45% | 2.39% | -2.55% | 9.01% | 2.15% | 2.47% | 2.59% |
| Assets 1 | 28,381 | 38,305 | 48,723 | 53,166 | 45,256 | 57,825 | 64,106 | 52,259 |
| Book Value Per Share 2 | 10.10 | 10.70 | 11.40 | 10.40 | 13.70 | 14.50 | 15.30 | 16.20 |
| Cash Flow per Share | - | 3.310 | -0.4100 | -0.4800 | - | - | - | - |
| Capex 1 | 286 | 248 | - | 411 | 291 | 298 | 328 | 361 |
| Capex / Sales | 1.89% | 1.34% | - | 1.76% | 0.87% | 0.9% | 0.85% | 0.84% |
| Announcement Date | 3/23/20 | 3/23/21 | 3/23/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
12.14
CNY
Average target price
20.94
CNY
Spread / Average Target
+72.43%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -26.46% | 2.46B | |
| +38.91% | 61.52B | |
| +10.01% | 50.24B | |
| +12.05% | 48.88B | |
| +21.50% | 44.86B | |
| +22.39% | 33.96B | |
| +10.03% | 29.23B | |
| +50.11% | 27.95B | |
| +21.57% | 24.78B | |
| -3.96% | 20.38B |
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- Financials ZhongAn Online P & C Insurance Co., Ltd.
