HKD14.86
1.36% today
Hong Kong, Dec 24, 05:08 am CET
ISIN
CNE1000002L3
Symbol
2628
Index
Sector
Industry

China Life Insurance Co. Ltd. Target price 2024 - Analyst rating & recommendation

China Life Insurance Co. Ltd. Classifications & Recommendation:

Buy
90%
Hold
5%
Sell
5%

China Life Insurance Co. Ltd. Price Target

Target Price HKD18.42
Price HKD14.86
Potential
Number of Estimates 17
17 Analysts have issued a price target China Life Insurance Co. Ltd. 2025 . The average China Life Insurance Co. Ltd. target price is HKD18.42. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 21 analysts: 19 Analysts recommend China Life Insurance Co. Ltd. to buy, 1 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the China Life Insurance Co. Ltd. stock has an average upside potential 2025 of . Most analysts recommend the China Life Insurance Co. Ltd. stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Dec '23 2024
Estimates
Revenue Billion HKD 408.24 323.30
11.63% 20.81%
Net Margin 12.53% 35.87%
25.25% 186.24%

8 Analysts have issued a sales forecast China Life Insurance Co. Ltd. 2024 . The average China Life Insurance Co. Ltd. sales estimate is

HKD323b
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. This is
21.65% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
HKD584b 41.53%
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, the lowest is
HKD241b 41.63%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 HKD408b 11.63%
2024
HKD323b 20.81%
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2025
HKD348b 7.59%
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2026
HKD380b 9.22%
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7 China Life Insurance Co. Ltd. Analysts have issued a net profit forecast 2024. The average China Life Insurance Co. Ltd. net profit estimate is

HKD116b
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. This is
121.77% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
HKD135b 157.57%
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, the lowest is
HKD64.4b 23.23%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 HKD51.2b 33.94%
2024
HKD116b 126.67%
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2025
HKD72.5b 37.44%
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2026
HKD78.3b 8.00%
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Net Margin

2023 12.53% 25.25%
2024
35.87% 186.24%
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2025
20.86% 41.85%
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2026
20.62% 1.15%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share HKD 1.81 4.10
33.94% 126.52%
P/E 3.57
EV/Sales 1.41

7 Analysts have issued a China Life Insurance Co. Ltd. forecast for earnings per share. The average China Life Insurance Co. Ltd. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

HKD4.10
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. This is
121.62% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
HKD4.77 157.84%
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, the lowest is
HKD2.28 23.24%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 HKD1.81 33.94%
2024
HKD4.10 126.52%
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2025
HKD2.57 37.32%
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2026
HKD2.77 7.78%
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P/E ratio

Current 7.92 40.18%
2024
3.57 54.92%
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2025
5.71 59.94%
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2026
5.29 7.36%
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Based on analysts' sales estimates for 2024, the China Life Insurance Co. Ltd. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.11 126.53%
2024
1.41 27.36%
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2025
1.31 7.05%
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2026
1.20 8.44%
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P/S ratio

Current 1.00 92.58%
2024
1.28 27.65%
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2025
1.19 7.05%
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2026
1.09 8.44%
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