PICC Group (1339.HK)
Financials · HKEX · Hong Kong
Fundamentals
Valuation and ratings
PICC Group trades at HK$5.14, which is 112% below the HK$10.89 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 40 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 4.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About PICC Group
The People's Insurance Company (Group) of China Limited, an investment holding company, offers insurance products and services in the People's Republic of China and Hong Kong. It operates through Non-Life Insurance, Life Insurance, Health Insurance, Asset Management, and Other segments. The company provides motor vehicle, accidental injury and health, agricultural, liability, commercial property, and other insurances; life insurance products; health and medical insurance products; and reinsurance services. It is also involved in asset management and other business; acting as insurance agent; provision of endowment insurance, investment management, internet finance, and technology services. The company was founded in 1949 and is based in Beijing, the People's Republic of China.
1339.HK passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is PICC Group (1339.HK) undervalued?
Against our discounted cash flow estimate of HK$10.89, 1339.HK at HK$5.14 is 112% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is 1339.HK's P/E ratio?
1339.HK trades at 4.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.