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STOCK COMPARISON

China Development Financial Holding vs China Life Insurance Co Ltd A: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Development Financial Holding (2883) and China Life Insurance Co Ltd A (601628) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: China Development Financial Holding trades at TWD 40.45 versus a fair value of TWD 18.77 (-54%), while China Life Insurance Co Ltd A trades at ¥37.80 versus ¥49.98 (+32%).
China Development Financial Holding
2883.TW · TWD · Financials
-54%
upside to fair value
overvalued
PriceTWD 40.45
Fair ValueTWD 18.77
Quality36/100
China Life Insurance Co Ltd A
601628.SHG · CNY · Financials
+32%
upside to fair value
undervalued
Price¥37.80
Fair Value¥49.98
Quality63/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

China Development Financial HoldingChina Life Insurance Co Ltd A
Valuation
17.6×P/E (TTM)7.3×
1.41×P/S (TTM)3.09×
1.58×P/B1.78×
3.9×EV/EBITDA6.0×
24.76×PEG0.68×
−53.6%Fair value upside+32.2%
2.7%Dividend yield2.2%
TWD 1.00Dividend per share¥0.86
Profitability
37%Operating margin38%
0.10×EBIT margin trend (5Y)4.26×
14%Return on equity25%
2%Return on assets2%
Growth
151%Revenue growth (YoY)-15%
48.9%Avg. growth/yr (3Y)-9.5%
7.5%Avg. growth/yr (5Y)-4.8%
−32.3%Value creation/yr+30.4%
Balance & size
1.3×Interest coverage (EBIT/interest)43.7×
0.27×Debt / equity0.06×
$16BMarket cap$158B
mixedGrowth qualityweak

China Life Insurance Co Ltd A leads: 7 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

China Development Financial Holdingof which business quality 28 · market factors 93 China Life Insurance Co Ltd Aof which business quality 57 · market factors 42
ProfitabilityMargins and returns on capital today
25
47
Quality GrowthAre margins and returns improving?
46
68
CashflowEarnings quality: real cash, not paper profit
0
100
Fin. StrengthBalance sheet, leverage, solvency risk
7
1
InvestmentDisciplined investing over empire-building
64
59
Low VolatilityCalm price path (market factor)
79
68
MomentumPrice trend over the last 3–12 months (market factor)
98
35
52W MomentumDistance to the 52-week high (market factor)
100
26
Net IssuanceShare count: buybacks or dilution?
63
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChina Development Financial HoldingPrice TWD 40.45China Life Insurance Co Ltd APrice ¥37.80
Dividend Discount-59%below the priceTWD 16.71-52%below the price¥17.98
Multiples-38%below the priceTWD 25.01+33%above the price¥50.18
Asset-Based-68%below the priceTWD 12.92-63%below the price¥14.11
Economic Profit-54%below the priceTWD 18.62+53%above the price¥57.79
Minimum-68%below the priceTWD 12.92-63%below the price¥14.11
Maximum-38%below the priceTWD 25.01+53%above the price¥57.79
Median-56%below the priceTWD 17.67-10%close to the price¥34.08
Geometric mean-56%below the priceTWD 17.81-23%below the price¥29.28

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

China Development Financial Holding: 6 of 6 models see the stock below the current price.

China Life Insurance Co Ltd A: 4 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

China Development Financial Holding
Price TWD 40.45
Fair Value TWD 18.77
Bear TWD 17.00Bull TWD 29.18
China Life Insurance Co Ltd A
Price ¥37.80
Fair Value ¥49.98
Bear ¥37.48Bull ¥62.47

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

China Development Financial Holding · Financials

Quality score36 · bottom 25%
Fair value upside-54% · bottom 25%

China Life Insurance Co Ltd A · Financials

Quality score63 · Top 25%
Fair value upside+32% · above median

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees China Life Insurance Co Ltd A as the more attractively valued of the two: China Development Financial Holding trades at TWD 40.45 versus a fair value of TWD 18.77 (-54%), while China Life Insurance Co Ltd A trades at ¥37.80 versus ¥49.98 (+32%).

China Life Insurance Co Ltd A has the higher quality score (63/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.