Skip to Content
Morningstar

AIA Group Ltd 01299

Morningstar Rating
Unlock
Stock XHKG Rating as of
HKD 65.30 +2.10 (3.32%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

AIA Group Earnings: Strong VNB Growth and Enlarged Share Buyback Lifts Market Sentiment

Iris Tan

AIA Group experienced a strong first-quarter 2024 performance led by robust growth in the value of new business. This, coupled with news of an enlarged share buyback, lifted AIA shares by 6.1%. Despite the share price runup, AIA is trading at a historical low of 1.1 times 2024 embedded value equity per share, and we believe the stock is undervalued. While we lift our VNB forecast, we retain our fair value estimate of HKD 96 per share as our full-year net profit growth and embedded value growth projections are largely unchanged at 34% and 5.5% year on year, after accounting for higher-than-expected medical claim expenses.

Read Full Report

Price vs Fair Value

View History
01299 is trading at a 652% premium.
Price
HKD 65.30
Fair Value
HKD 42.00
Uncertainty
High
1-Star Price
HKD 494.20
5-Star Price
HKD 46.90
Economic Moat
Mpmz
Capital Allocation
Kfykgmwyz

Bulls Say, Bears Say

Bulls

AIA has demonstrated strong execution and full preparation for China expansion since 2020.

Bears

The appreciation of the U.S. dollar against major Asia-Pacific currencies will drag on its reported new business value.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 01299 is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
HKD 63.20
Day Range
HKD 63.45–65.60
52-Week Range
HKD 45.25–83.05
Bid/Ask
HKD 65.30 / HKD 65.40
Market Cap
HKD 733.55 Bil
Volume/Avg
32.6 Mil / 45.6 Mil

Key Statistics

Price/Earnings (Normalized)
25.18
Price/Sales
4.67
Dividend Yield (Trailing)
2.46%
Dividend Yield (Forward)
3.77%
Total Yield
6.27%

Company Profile

AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
27,320
Website
https://www.aia.com

Competitors

Valuation

View More
Metric
01299
PUK
601318
Price/Earnings (Normalized)
 25.1811.199.66
Price/Book Value
 2.291.620.91
Price/Sales
 4.672.411.03
Price/Cash Flow
 ——3.63
Price/Earnings
01299
PUK
601318

Financial Strength

Metric
01299
PUK
601318
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 10.4113.191.00
Quick Ratio
No chart available

Profitability

Metric
01299
PUK
601318
Return on Assets (Normalized)
 2.24%0.15%0.94%
Return on Equity (Normalized)
 14.49%1.47%11.99%
Return on Invested Capital (Normalized)
 11.61%1.74%7.89%
Return on Assets
01299
PUK
601318
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Insurance - Life Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
PIAIF
Ping An Insurance (Group) Co. of China Ltd Class HZjcdnwwxZcxw$110.8 Bil
CILJF
China Life Insurance Co Ltd Class H—Rkjym$107.5 Bil
PNGAY
Ping An Insurance (Group) Co. of China Ltd ADR—Zpd$105.2 Bil
AAGIY
AIA Group Ltd ADR—Mtv$94.0 Bil
AAIGF
AIA Group Ltd—Ynnq$94.0 Bil
MET
MetLife IncXqtdjrlMttqw$52.8 Bil
AFL
Aflac IncXrrzvqyzySpbzcrd$50.2 Bil
MFC
Manulife Financial CorpSxpryvhRktt$47.5 Bil
PRU
Prudential Financial IncYprjsgdlZjgg$43.6 Bil
PUK
Prudential PLC ADRJdkbyzxGnsd$28.9 Bil

Sponsor Center