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Financial-holding subsidiary of state grain conglomerate COFCO, spanning insurance, futures brokerage and trust businesses.
Financial-holding subsidiary of state grain conglomerate COFCO, spanning insurance, futures brokerage and trust businesses.
A holding company, so its profit blends fees and interest from its trust and futures units with its share of earnings from an insurance joint venture, which carries the most weight. Results therefore move with financial markets and insurance underwriting rather than with grain trade.
In one line: A Chinese financial-services arm of an agribusiness conglomerate.
Moat: narrow (distribution, brand). COFCO group ties give distribution and brand support across its financial units.
Headquarters: Beijing, China · Employees: 2,906
Size COFCO Capital (002423.SZ) is a China Financials company (Life/Health Insurance) with a market value of $3.15B, the 819th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.12 on 6 Nov 2026.
Performance Over six months the shares fell 10.9%, against +5.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 31.1% over the last twelve months (peer median +17.8%); the operating margin is 18.4% (peer median 6.7%).
Valuation It trades at 0.85× book value against a peer median of 2.76× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 6.2%; COFCO Capital delivers 5.6%, so the price asks more than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥11.7B | CN¥12.7B | CN¥14.0B | CN¥23.2B | CN¥20.5B |
| Revenue growth | — | -9% | -40% | +13% | — |
| Gross profit | CN¥4.82B | CN¥4.33B | CN¥6.58B | CN¥3.05B | CN¥4.19B |
| EBITDA | n/a | CN¥2.96B | CN¥6.17B | CN¥2.10B | CN¥1.20B |
| Net income | CN¥1.32B | CN¥1.13B | CN¥2.55B | CN¥1.02B | CN¥597M |
| Free cash flow | CN¥27.6B | CN¥22.8B | CN¥17.6B | CN¥9.45B | CN¥11.0B |
| Capital expenditure | CN¥96.3M | CN¥137M | CN¥132M | CN¥288M | CN¥308M |
| Total debt | CN¥7.00B | CN¥7.01B | CN¥6.35B | CN¥9.10B | CN¥12.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| COFCO Capital 002423.SZ | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% |
| China Pacific Insurance (Group) 601601.SS | $42.6B | -14% | +4% | 14% | 0.93× | 8.2% |
| People's Insurance Co. (Group) of China 1339.HK | $46.1B | -2% | +11% | 18% | 0.60× | 5.6% |
| Minmetals Capital 600390.SS | $3.15B | -11% | -62% | 1% | 0.51× | 5.5% |
| Guangzhou Yuexiu Capital 000987.SZ | $5.20B | -23% | -44% | 12% | 1.04× | 11.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002423.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | +0.5% | 11th highest of 21 |
| 6-month return | -10.9% | +5.9% | 7th lowest of 21 |
| Return on equity | 5.6% | 10.6% | 7th lowest of 21 |
| Price / book | 0.85× | 2.76× | 6th cheapest of 21 |
| Trailing P/E | 15.9× | 17.4× | 10th cheapest of 20 |
| ROE the price implies | 6.2% | 20.5% | 6th least demanding of 21 |
| ROE delivered | 5.6% | 10.6% | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| COFCO Capital 002423.SZ | China | $3.15B | -11% | -31% | 6% | 0.85× | 6.2% | 5.6% |
| Privia Health PRVA | United States | $3.12B | +6% | +24% | 4% | 3.94× | 25.4% | 3.8% |
| Star Health & Allied Insurance STARHEALTH.NS | India | $3.52B | +9% | +21% | 12% | 3.19× | 47.7% | 11.7% |
| Clover Health Investments CLOV | United States | $2.56B | +54% | +54% | -5% | 6.32× | 94.7% | -5.1% |
| Brighthouse Financial BHF | United States | $2.45B | -31% | +3% | 14% | 0.37× | 5.2% | 13.6% |
| Hanwha Life 088350.KS | South Korea | $2.16B | -20% | +18% | 8% | 0.22× | 3.8% | 7.7% |
| Max Financial Services MFSL.NS | India | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% | 3.3% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |
| Mirae Asset Life Insurance 085620.KS | South Korea | $1.78B | +17% | +22% | 5% | 1.05× | 5.6% | 5.2% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Nuernberger Beteiligungs NBG6.DE | Germany | $1.58B | +1% | -1% | 5% | 1.58× | 6.0% | 5.1% |
| Niva Bupa Health Insurance NIVABUPA.NS | India | $1.49B | -5% | +58% | 14% | 3.66× | 33.1% | 13.9% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| Canara HSBC Life Insurance CANHLIFE.NS | India | $1.23B | -14% | +17% | 8% | 7.08× | 48.0% | 8.2% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Yunfeng Financial 0376.HK | Hong Kong | $999M | -30% | +21% | 7% | 0.60× | 7.8% | 6.7% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |