China Taiping Insurance Holdings Co Ltd (0966) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of China Taiping Insurance Holdings Co Ltd HK$40.28, price HK$19.84, upside +103.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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China Taiping Insurance Holdings Co Ltd
0966 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$4.96 – HK$25.66 · fair‑value band HK$27.86 – HK$54.46 · the HK$19.84 price screens below the HK$40.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Company profile
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People's Republic of China, Hong Kong, Macau, Singapore, and internationally. The company operates through three segments: Life Insurance Business, Property and Casualty Insurance Business, and Reinsurance Business.
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China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People's Republic of China, Hong Kong, Macau, Singapore, and internationally. The company operates through three segments: Life Insurance Business, Property and Casualty Insurance Business, and Reinsurance Business. The Life Insurance Business segment provides life insurance products, such as corporate and personal retirement insurance, group life insurance, individual insurance, health insurance, and accident insurance products and annuities. Its Property and Casualty Insurance segment offers property and casualty insurance products, including compulsory motor insurance, liability insurance, credit insurance, guarantee insurance, and short-term accident and health insurance, as well as the related reinsurance products. The Reinsurance segment provides property damage, life, marine cargo and hull, and miscellaneous non-marine reinsurance products. It also engages in the asset management, insurance intermediary, financial leasing, property investment, and securities dealing and broking, as well as in elderly care investment businesses; manages investment funds; and provides back-to-back financing arrangement, as well as insurance broking and agency services. The company was formerly known as China Insurance International Holdings Company Limited and changed its name to China Taiping Insurance Holdings Company Limited in August 2009. The company was incorporated in 2000 and is headquartered in North Point, Hong Kong. China Taiping Insurance Holdings Company Limited is a subsidiary of China Taiping Insurance Group (HK) Co. Ltd.
Stock analysis
China Taiping Insurance Holdings Co Ltd (0966) currently trades at HK$19.84, while our model-based Fair Value estimate is HK$40.28, implying the stock looks roughly 50.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$66.37 per share, and 3 of the 4 models we run sit above the HK$19.84 price.
Bear case: the Asset-Based group reads lowest at HK$17.74, and 1 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$27.86 (bear) to HK$54.46 (bull), the price of HK$19.84 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
China Taiping Insurance Holdings Co Ltd reported revenue of HK$179B in FY2025 versus HK$319B in FY2021, a compound −13.5%/yr. Reported net income was HK$27.1B in FY2025, compounding +37.8%/yr from FY2021.
Key figures
Market cap HK$71.3B (≈ $9.1B) · P/E ratio 2.3 · P/S ratio 0.34 · Dividend yield 6.2% · Net margin 15.1% · Return on equity 29.0% · Return on assets (EBIT) 2.4% · Operating margin 29.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 103%, 0966 screens cheaper than that median.
Fair Value models
All 4 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 54
Revenue & earnings trend
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Compare China Taiping Insurance Holdings Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Life · 89 stocks
Valuation Multiplesvs Insurance - Life median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance - Life stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Life Insurance Company 601628 | ¥37.43 | ¥49.98 | +34% |
| Ping An Insurance (Group) Company 601318 | ¥53.25 | ¥67.19 | +26% |
| AIA Group 1299 | HK$73.75 | HK$41.69 | −43% |
| Manulife Financial Corporation MFC | $43.86 | $27.55 | −37% |
| MetLife, Inc MET | $97.70 | $54.39 | −44% |
| Great-West Lifeco Inc GWO | C$93.34 | C$42.07 | −55% |
| Aflac Incorporated AFL | $113.72 | $67.02 | −41% |
| Life Insurance Corporation LICI | ₹409.05 | ₹299.19 | −27% |
| Cathay Financial Holding 2882 | 110.50 TWD | 71.47 TWD | −35% |
| China Pacific Insurance (Group) Co 601601 | ¥30.88 | ¥48.28 | +56% |
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Key figures of China Taiping Insurance Holdings Co Ltd
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