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Ping An Insurance (Group) Co. of China (HKSE:02318) Enterprise Value : HK$1,427,437 Mil (As of Dec. 13, 2024)


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What is Ping An Insurance (Group) Co. of China Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ping An Insurance (Group) Co. of China's Enterprise Value is HK$1,427,437 Mil. Ping An Insurance (Group) Co. of China's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was HK$857,259 Mil. Therefore, Ping An Insurance (Group) Co. of China's EV-to-EBIT ratio for today is 1.67.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ping An Insurance (Group) Co. of China's Enterprise Value is HK$1,427,437 Mil. Ping An Insurance (Group) Co. of China's EBITDA for the trailing twelve months (TTM) ended in Sep. 2024 was HK$857,259 Mil. Therefore, Ping An Insurance (Group) Co. of China's EV-to-EBITDA ratio for today is 1.67.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ping An Insurance (Group) Co. of China's Enterprise Value is HK$1,427,437 Mil. Ping An Insurance (Group) Co. of China's Revenue for the trailing twelve months (TTM) ended in Sep. 2024 was HK$950,846 Mil. Therefore, Ping An Insurance (Group) Co. of China's EV-to-Revenue ratio for today is 1.50.


Ping An Insurance (Group) Co. of China Enterprise Value Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ping An Insurance (Group) Co. of China Enterprise Value Chart

Ping An Insurance (Group) Co. of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,611,998.86 2,984,871.41 2,524,548.24 2,118,123.14 1,759,541.44

Ping An Insurance (Group) Co. of China Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,817,087.89 1,759,541.44 1,636,547.08 1,448,619.90 1,764,331.21

Competitive Comparison of Ping An Insurance (Group) Co. of China's Enterprise Value

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ping An Insurance (Group) Co. of China's Enterprise Value Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Enterprise Value falls into.



Ping An Insurance (Group) Co. of China Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Ping An Insurance (Group) Co. of China's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Enterprise Value (A: Dec. 2023 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=643730.57+0+1525588.571
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Balance Sheet Cash And Cash Equivalents
+102073.633+360895.625-872746.955
=1,759,541

Ping An Insurance (Group) Co. of China's Enterprise Value for the quarter that ended in Sep. 2024 is calculated as

Enterprise Value (Q: Sep. 2024 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=913241.53+0+1394618.728
+Short-Term Debt & Capital Lease Obligation+Minority Interest-Balance Sheet Cash And Cash Equivalents
+110504.258+409205.869-1063239.179
=1,764,331

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ping An Insurance (Group) Co. of China  (HKSE:02318) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Ping An Insurance (Group) Co. of China's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1427437.358/857259.206
=1.67

Ping An Insurance (Group) Co. of China's current Enterprise Value is HK$1,427,437 Mil.
Ping An Insurance (Group) Co. of China's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$857,259 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Ping An Insurance (Group) Co. of China's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1427437.358/857259.206
=1.67

Ping An Insurance (Group) Co. of China's current Enterprise Value is HK$1,427,437 Mil.
Ping An Insurance (Group) Co. of China's EBITDA for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$857,259 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Ping An Insurance (Group) Co. of China's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1427437.358/950846.262
=1.50

Ping An Insurance (Group) Co. of China's current Enterprise Value is HK$1,427,437 Mil.
Ping An Insurance (Group) Co. of China's Revenue for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$950,846 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ping An Insurance (Group) Co. of China Enterprise Value Related Terms

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Ping An Insurance (Group) Co. of China Business Description

Address
No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033
Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 89%, 8%, 23%, -18%, and 2% of the company's operating profits, respectively, in 2023.
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