Sunshine Insurance Group Co (HKSE:06963) Scaled Net Operating Assets: -0.51 (As of Dec. 2025)

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HKSE:06963 Sunshine Insurance Group Co Ltd HKSE:06963
73 GF Score
Price HK$3.40
GF Value HK$3.79
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Sunshine Insurance Group Co Scaled Net Operating Assets?

Sunshine Insurance Group Co HKSE:06963 73 Scaled Net Operating Assets is -0.51 as of Dec. 2025. GuruFocus rates HKSE:06963 with a GF Score™ of 73/100 and a GF Value™ of HK$3.79 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sunshine Insurance Group Co's operating assets for the quarter that ended in Dec. 2025 was HK$323,497 Mil. Sunshine Insurance Group Co's operating liabilities for the quarter that ended in Dec. 2025 was HK$670,585 Mil. Sunshine Insurance Group Co's Total Assets for the quarter that ended in Jun. 2025 was HK$683,777 Mil. Therefore, Sunshine Insurance Group Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.51.

HKSE:06963
73GF Score
Sunshine Insurance Group Co Ltd HKSE:06963
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunshine Insurance Group Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sunshine Insurance Group Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(747304.568-670584.721)/641425.346
=0.12

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=764287.507 - 16982.939
=747304.568

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=692770.916 - 22186.195 - 0
=670584.721

Sunshine Insurance Group Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(323496.659-670584.721)/683777.194
=-0.51

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=764287.507 - 440790.848
=323496.659

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=692770.916 - 22186.195 - 0
=670584.721

* 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.

What does a Scaled Net Operating Assets of -0.51 mean?
Sunshine Insurance Group Co (HKSE:06963) has a Scaled Net Operating Assets of -0.51 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sunshine Insurance Group Co and its competitors.
Is Sunshine Insurance Group Co's Scaled Net Operating Assets too high?
Sunshine Insurance Group Co's current Scaled Net Operating Assets is -0.51. Overall, Sunshine Insurance Group Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sunshine Insurance Group Co's Scaled Net Operating Assets compare to CB and PGR?
Sunshine Insurance Group Co's Scaled Net Operating Assets of -0.51 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sunshine Insurance Group Co and its competitors. Sunshine Insurance Group Co's current Scaled Net Operating Assets is -0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunshine Insurance Group Co stock overvalued right now?
Based on GuruFocus' analysis, Sunshine Insurance Group Co (HKSE:06963) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$3.79, compared to a current price of HK$3.40 — trading 10.4% below its estimated fair value. The current Scaled Net Operating Assets is -0.51. Sunshine Insurance Group Co's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Sunshine Insurance Group Co (HKSE:06963), the current Scaled Net Operating Assets is -0.51 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sunshine Insurance Group Co (HKSE:06963) Overvalued in 2026?

Based on GuruFocus' analysis, Sunshine Insurance Group Co stock appears to be undervalued. The current stock price of HK$3.40 is trading 10.4% below its estimated GF Value™ of HK$3.79. GuruFocus considers Sunshine Insurance Group Co to be Modestly Undervalued.

Key valuation signals for HKSE:06963:

  • Scaled Net Operating Assets: -0.51
  • GF Value™: HK$3.79 vs. price of HK$3.40 (10.4% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the HKSE:06963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sunshine Insurance Group Co Business Description

Address No. 66 Lanzhi 2nd Road, Yuehai Street, 3001-3008, Sunshine Insurance Building, Haizhu Community, Nanshan District, Shenzhen, CHN, 518054
Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life; The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other business segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the property and casualty insurance segment.
73GF Score

Get the complete analysis for HKSE:06963

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$3.40
Price
HK$3.79
GF Value