GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (HKSE:01336) » Definitions » Intrinsic Value: Projected FCF

New China Life Insurance Co (HKSE:01336) Intrinsic Value: Projected FCF : HK$115.84 (As of Dec. 16, 2024)


View and export this data going back to 2011. Start your Free Trial

What is New China Life Insurance Co Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-12-16), New China Life Insurance Co's Intrinsic Value: Projected FCF is HK$115.84. The stock price of New China Life Insurance Co is HK$23.80. Therefore, New China Life Insurance Co's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.

The historical rank and industry rank for New China Life Insurance Co's Intrinsic Value: Projected FCF or its related term are showing as below:

HKSE:01336' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.13   Med: 0.39   Max: 0.81
Current: 0.21

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of New China Life Insurance Co was 0.81. The lowest was 0.13. And the median was 0.39.

HKSE:01336's Price-to-Projected-FCF is ranked better than
93.06% of 389 companies
in the Insurance industry
Industry Median: 0.72 vs HKSE:01336: 0.21

New China Life Insurance Co Intrinsic Value: Projected FCF Historical Data

The historical data trend for New China Life Insurance Co's Intrinsic Value: Projected FCF 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.

New China Life Insurance Co Intrinsic Value: Projected FCF Chart

New China Life Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.29 42.54 71.62 98.04 97.51

New China Life Insurance Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Intrinsic Value: Projected FCF 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 102.26 97.51 99.72 112.48 124.99

Competitive Comparison of New China Life Insurance Co's Intrinsic Value: Projected FCF

For the Insurance - Life subindustry, New China Life Insurance Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


New China Life Insurance Co's Price-to-Projected-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, New China Life Insurance Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where New China Life Insurance Co's Price-to-Projected-FCF falls into.



New China Life Insurance Co Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get New China Life Insurance Co's Free Cash Flow(6 year avg) = HK$80,314.68.

New China Life Insurance Co's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Sep24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*80314.68064+100238.108*0.8)/3113.522
=271.34

* 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.


New China Life Insurance Co  (HKSE:01336) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

New China Life Insurance Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=23.80/271.3372458619
=0.09

* 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.


New China Life Insurance Co Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of New China Life Insurance Co's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


New China Life Insurance Co Business Description

Traded in Other Exchanges
Address
A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022
New China Life Insurance, or NCI, was headquartered in Beijing and founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
Executives
Blackrock, Inc. 2201 Interest of corporation controlled by you
Fosun International Holdings Ltd. 2201 Interest of corporation controlled by you
Fosun International Limited 2201 Interest of corporation controlled by you
Guo Guangchang 2201 Interest of corporation controlled by you
Shanghai Fosun High Technology (group) Co., Ltd. 2101 Beneficial owner
Taikang Insurance Group, Inc. 2106 Person having a security interest in shares
Fidelidade - Companhia De Seguros, S.a. 2101 Beneficial owner
Zhong Guo Bao Wu Gang Tie Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
Hua Bao Tou Zi You Xian Gong Si 2101 Beneficial owner
Swiss Re Ltd 2201 Interest of corporation controlled by you

New China Life Insurance Co Headlines

No Headlines