Stock 601628 CHINA LIFE INSURANCE COMPANY LIMITED
Add to a list
To use this feature you must be a member
Log inSign up

Financials China Life Insurance Company Limited Shanghai S.E.

Equities

601628

CNE000001Q93

Life & Health Insurance

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
29.55 CNY +1.69% Intraday chart for China Life Insurance Company Limited +5.20% +4.23%
Apr. 26 China Life Insurance Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 23 Nomura Adjusts China Life Insurance’s Price Target to 17.57 Yuan From 17.10 Yuan, Keeps at Reduce MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 869,880 906,144 705,022 859,825 659,571 686,283 - -
Enterprise Value (EV) 1 301,359 960,692 939,455 927,597 774,427 72,582 10,634 -57,833
P/E ratio 9.44 x 8.13 x 5.85 x 10.4 x 5.64 x 5.45 x 4.88 x 4.13 x
Yield 3.77% 4.45% 6.17% 4.14% 4.67% 5.95% 6.51% 7.37%
Capitalization / Revenue 1.17 x 1.1 x 1.15 x 1.41 x 1.04 x 1.05 x 1 x 0.94 x
EV / Revenue 0.4 x 1.16 x 1.54 x 1.53 x 1.23 x 0.11 x 0.02 x -0.08 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.35 x 0.9 x 0.62 x 0.77 x 0.57 x 0.54 x 0.49 x 0.46 x
Nbr of stocks (in thousands) 28,264,705 28,264,705 28,264,705 28,264,705 28,264,705 28,264,705 - -
Reference price 2 19.35 14.39 10.53 11.83 9.198 9.534 9.534 9.534
Announcement Date 3/25/20 3/25/21 3/24/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 745,165 824,961 611,251 607,825 632,141 651,826 689,094 733,893
EBITDA - - - - - - - -
EBIT 1 59,990 54,911 40,167 23,563 36,497 27,861 53,056 48,570
Operating Margin 8.05% 6.66% 6.57% 3.88% 5.77% 4.27% 7.7% 6.62%
Earnings before Tax (EBT) 1 59,795 54,488 50,495 24,047 11,878 67,908 56,555 68,148
Net income 1 58,287 50,268 50,921 32,082 21,110 49,515 50,548 49,929
Net margin 7.82% 6.09% 8.33% 5.28% 3.34% 7.6% 7.34% 6.8%
EPS 2 2.050 1.770 1.800 1.140 1.630 1.750 1.952 2.307
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7300 0.6400 0.6500 0.4900 0.4300 0.5675 0.6208 0.7031
Announcement Date 3/25/20 3/25/21 3/24/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 S2 2024 Q1 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 198,981 407,936 311,226 552,601 188,609 - - 419,636 117,043 71,146 188,189 306,537 - 448,915 - 183,226 - 481,000 170,637 498,475 170,660
EBITDA - - - - - - - - - - - - - - - - - - - - -
EBIT - - - - 1,747 - - 24,991 - - 4,329 - - 37,538 - - - 32,739 38,815 33,979 40,386
Operating Margin - - - - 0.93% - - 5.96% - - 2.3% - - 8.36% - - - 6.81% 22.75% 6.82% 23.66%
Earnings before Tax (EBT) - 35,564 - 46,103 - - 8,704 - - - - - - - - - - - - - -
Net income 1 - 30,535 - 40,975 - 15,178 10,238 25,416 5,701 965 - - 18,266 36,151 53 - 20,644 - - - -
Net margin - 7.49% - 7.41% - - - 6.06% 4.87% 1.36% - - - 8.05% - - - - - - -
EPS - - - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - - - -
Announcement Date 3/25/20 8/26/20 3/25/21 8/25/21 3/24/22 4/27/22 8/25/22 8/25/22 10/27/22 3/29/23 3/29/23 5/23/23 8/23/23 8/23/23 10/26/23 3/27/24 4/26/24 - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 54,548 234,433 67,772 114,856 - - -
Net Cash position 1 568,521 - - - - 613,700 675,648 744,115
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 16.5% 11.8% 11% 7.01% 4.71% 10.2% 10.2% 11.5%
ROA (Net income/ Total Assets) 1.67% 1.26% 1.11% 0.63% 0.38% 0.8% 0.83% 0.69%
Assets 1 3,490,240 3,989,524 4,571,785 5,072,253 5,569,921 6,189,375 6,122,320 7,204,803
Book Value Per Share 2 14.30 15.90 16.90 15.40 16.30 17.80 19.40 20.60
Cash Flow per Share - 10.80 10.10 12.50 - - - -
Capex 1 - 7,410 - - - 3,414 3,653 3,909
Capex / Sales - 0.9% - - - 0.52% 0.53% 0.53%
Announcement Date 3/25/20 3/25/21 3/24/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for China Life Insurance Company Limited

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
22
Last Close Price
9.534 CNY
Average target price
13.22 CNY
Spread / Average Target
+38.69%
Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Life Insurance

1st Jan change Capi.
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. Stock Ping An Insurance (Group) Company of China, Ltd.
+3.05% 95.15B
LIFE INSURANCE CORPORATION OF INDIA Stock Life Insurance Corporation of India
+18.68% 74.93B
AIA GROUP LIMITED Stock AIA Group Limited
-20.65% 77.24B
CHINA PACIFIC INSURANCE (GROUP) CO., LTD. Stock China Pacific Insurance (Group) Co., Ltd.
+6.69% 30.04B
JAPAN POST HOLDINGS CO., LTD. Stock Japan Post Holdings Co., Ltd.
+18.06% 27.87B
FUBON FINANCIAL HOLDING CO., LTD. Stock Fubon Financial Holding Co., Ltd.
+4.32% 26.97B
SBI LIFE INSURANCE COMPANY LIMITED Stock SBI Life Insurance Company Limited
-1.21% 16.99B
HDFC LIFE INSURANCE COMPANY LIMITED Stock HDFC Life Insurance Company Limited
-9.10% 15.16B
NN GROUP N.V. Stock NN Group N.V.
+20.70% 12.62B
Life Insurance
  1. Stock Market
  2. Equities
  3. 2628 Stock
  4. 601628 Stock
  5. Financials China Life Insurance Company Limited