Undervaluation [compared with sector average]: Price/Earnings and Earnings Yield + Price/Earnings of 6.2. We estimate Ping An Insurance (Group) Co. of China - H Shares stock is trading at a current year P/E of 3 and a forward year P/E of 3.4. + Earnings yield of 16.2% is 4.2 times the 10-year bond yield of 3.9%. Dividend Yield + To quote Benjamin Graham: "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 2.1 times the triple-A bond yield of 3.9%. + The relative yield of Ping An Insurance (Group) Co. of China - H Shares, defined by its yield of 8.2%, divided by average yield of dividend yielding stocks in the Hang Seng of 5.5% is 150.5%. This suggests Ping An Insurance (Group) Co. of China - H Shares stock is undervalued in dividend yield terms. Price to Sales + Price/Sales of 0.2 [0.3]. We estimate Ping An Insurance (Group) Co. of China - H Shares stock is trading at a current year Price/Sales of 0.2 and a forward year Price/Sales of 0.2. Price to Book + The P/E of 6.2 multiplied by the P/NTA of 0.2 is 1.3. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued. Price to Free Cash Flow + Price to Free Cash Flow of 0.5 [2.6]. Price to EBITDA + Price to EBITDA of 2.1 [2.4].
Undervaluation Indicators and rank of Ping An Insurance (Group) Co. of China - H Shares in the Hong Kong market:
Description
Value
Rank In Market
P/E * P/NTA
1.3
In Top 7%
Price to Sales
0.2
In Top 11%
Uptrend: Past Week: + Ping An Insurance (Grp) Co of China Ltd. -H Shares is placed 132/1482 in BuySellSignals' ranking of Hong Kong performers in the past week, a percentile ranking of 91. + In the past week, volume was 1.9 times average and the shares were up 5.6%. Monday's close price is at a 3.8% premium to its 5-day Volume Weighted Average Price (VWAP) of HKD30.88.
High Price Performance Indicators and rank of Ping An Insurance (Group) Co. of China - H Shares in the Hong Kong market:
Description
Value
Rank In Market
Today's Trading Turnover
HKD1.1 billion ($137.9 million)
In Top 1%
MCap
HKD238.7 billion
In Top 2%
BEARISH SIGNALS
Downtrend: Price/Moving Average Price and MACD: + The Price/MAP of 0.81 for 02318 is lower than the Price/MAP for the Hang Seng of 1.0. + The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 31.67 minus the 26-day EMA of 32.56 is negative suggesting a bearish signal. + The price to 50-day EMAP ratio is 1.0. In the past 200 days this ratio has been under 1.0 16 times suggesting downside. The 50-day EMAP has decreased to HKD33.20. A decrease is another bearish indicator. + The price to 200-day MAP ratio is 0.81, a bearish indicator. In the past 200 days this ratio has been under 0.81, 82 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of HKD34.02 is lower than the 200-day MAP of HKD39.69, another bearish indicator. Past Month: + In the past three months the stock has hit a new 52-week low once. Slipping Relative Strength (1mo, 3 mo): + In the Hong Kong market of 1,747 stocks traded today, the stock has a 6-month relative strength of 34 which means it has underperformed 66.0% of the market. + Also, the relative strength percentile is slipping at 62 for 3 months and 35 for 1 month.