New China Life Insurance, or NCI, differentiates with a focus on the underserved health insurance business to drive value-oriented growth. However, facing rising industrywide headwinds and senior management changes, it seems to have come to a crossroad over further growth.
China’s emerging health insurance market has a low insurance density and penetration levels, growing at a 36% CAGR over the past four years and we expect it will grow at around 25% in the next five years.
The increasing sales of single premium bancassurance products increased NCI's interest rate sensitivity.
|
Metric
|
01336
|
601318
|
601628
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.77 | 8.97 | 35.27 |
Price/Book Value | 0.47 | 0.84 | 1.81 |
Price/Sales | 0.65 | 0.95 | 1.49 |
Price/Cash Flow | 0.49 | 3.37 | 2.17 |
|
Metric
|
01336
|
601318
|
601628
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 1.04 | 1.00 | — |
|
Metric
|
01336
|
601318
|
601628
|
|---|---|---|---|
Return on Assets (Normalized) | 0.62% | 0.94% | 0.96% |
Return on Equity (Normalized) | 7.77% | 11.99% | 12.05% |
Return on Invested Capital (Normalized) | 27.23% | 7.89% | 5.38% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| China Life Insurance Co Ltd Class H
CILJF
| — | Wrl | $98.3 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
| — | Rlgd | $97.1 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
| Mgbrlzs | Mcmr | $97.1 Bil | |||
| AIA Group Ltd ADR
AAGIY
| — | Swbg | $75.3 Bil | |||
| AIA Group Ltd
AAIGF
| — | Xpz | $75.3 Bil | |||
| Aflac Inc
AFL
| Hfmmnpcl | Vwnckqx | $50.6 Bil | |||
| MetLife Inc
MET
| Qkxnpwpm | Jhjx | $49.9 Bil | |||
| Manulife Financial Corp
MFC
| Lqpsgyc | Pnz | $48.2 Bil | |||
| Prudential Financial Inc
PRU
| Jpjnqzct | Flh | $42.6 Bil | |||
| Prudential PLC ADR
PUK
| Psvrklhsn | Zvf | $25.2 Bil |
