Yahoo Finance Why Fundamental Investors Love Ping An Insurance (Group) Company of China Ltd (HKG:2318)
Ping An Insurance (Group) Company of China Ltd (HKG:2318) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of 2318, it is a financially-robust , dividend-paying company with a an impressive track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Ping An Insurance (Group) Company of China here.
Proven track record with adequate balance sheet and pays a dividend
Over the past year, 2318 has grown its earnings by 41.69%, with its most recent figure exceeding its annual average over the past five years. Not only did 2318 outperformed its past performance, its growth also exceeded the Insurance industry expansion, which generated a 27.98% earnings growth. This is what investors like to see! 2318 is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that 2318 manages its cash and cost levels well, which is a crucial insight into the health of the company. 2318 appears to have made good use of debt, producing operating cash levels of 0.21x total debt in the prior year. This is a strong indication that debt is reasonably met with cash generated.
Income investors would also be happy to know that 2318 is a great dividend company, with a current yield standing at 2.37%. 2318 has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Ping An Insurance (Group) Company of China, I’ve compiled three relevant factors you should further research:
Future Outlook: What are well-informed industry analysts predicting for 2318’s future growth? Take a look at our free research report of analyst consensus for 2318’s outlook.
Valuation: What is 2318 worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether 2318 is currently mispriced by the market.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of 2318? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
