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← CockpitCompetitor Analysis › 0662.HK Asia Financial Holdings LimitedOpen in the cockpit ↗

Asia Financial Holdings Limited0662.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Financials›Multi-Line Insurance
Momentum neutral 58
Mkt cap
$521M
US dollars, full cap
Free float
12%
of shares outstanding
$/day
$15,679
20-day average traded
P/B
0.30×
price to book
ROE
10.2%
delivered
Implied ROE
3.7%
what the price asks
Close · HKDHK$4.42
1Dn/a
1W-2.9%
1M-5.3%
3M-9.6%
6M-6.2%
YTD-7.9%
1Y+38.1%
ATR %1.7%
52w lowhigh20.9% off high

What Asia Financial does

Employees: 393

Asia Financial at a glance

Size Asia Financial (0662.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $521M, the 745th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$4.42 on 6 Nov 2026.

Performance Over six months the shares fell 6.2%, against +7.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 16 in its peer set.

Growth Revenue grew 5.8% over the last twelve months (peer median +10.3%); the operating margin is 31.3% (peer median 9.0%).

Valuation It trades at 0.30× book value against a peer median of 1.07× (2nd cheapest of 16).

Price implies The share price implies a return on equity of about 3.7%; Asia Financial delivers 10.2%, so the price asks less than the business earns today.

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 1090662.HK 92
Six months, rebased to 100: Asia Financial against the median of its 15 peers (local-currency closes).

Asia Financial financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$3.73BHK$3.60BHK$3.68BHK$2.82BHK$2.36B
Revenue growth—-2%+30%+19%—
Net incomeHK$1.30BHK$1.05BHK$647MHK$347MHK$123M
Free cash flowHK$886MHK$1.21BHK$791MHK$647MHK$162M
Capital expenditureHK$10.7MHK$15.6MHK$12.3MHK$14.9MHK$9.77M
Total debtn/aHK$4.88MHK$2.77MHK$3.78MHK$5.87M

Quarterly statements and history in the cockpit →

Asia Financial competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-25%0%+25%U13AIFUDGICASFCRELIGARENODKCSNBOW2851WUWTRUP00369060600662.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Asia Financial is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%00×20×40×U13AIFUDGICASFCRELIGARENODKCSNBOW2851WUWLDATRUP0662.HKReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Asia Financial is the large dot.

Capital: ROE delivered against the ROE the price implies

-100%-50%0%-100%-50%0%U13AIFUDGICACSN2851LDATRUP0662.HKROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Asia Financial is the large dot.

Asia Financial competitors and peer comparison

How Asia Financial compares with its peers

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.

Asia Financial against its 15 peers (data as of 6 Nov 2026)
Measure0662.HKPeer medianRank in peer set
1-month return-5.3%+1.0%3rd lowest of 16
6-month return-6.2%+7.9%5th lowest of 16
Return on equity10.2%7.0%7th highest of 16
Price / book0.30×1.07×2nd cheapest of 16
Trailing P/E3.1×14.5×cheapest of 15
ROE the price implies3.7%7.2%3rd least demanding of 16
ROE delivered10.2%7.6%7th highest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Asia Financial 0662.HKHong Kong$521M-6%+6%10%0.30×3.7%10.2%
United Overseas Insurance U13.SISingapore$403M+8%-8%7%0.98×3.6%7.0%
AIFU AIFUUnited States$390M-76%-47%-113%0.30×4.9%-113.4%
Donegal DGICAUnited States$723M+9%-3%11%1.07×6.6%10.7%
Sagicor Financial SFC.TOCanada$792M-14%-4%12%0.75×4.6%11.6%
SBI Insurance 7326.TJapan$325M-3%+21%7%1.02×8.6%6.5%
Religare Enterprises RELIGARE.NSIndia$845M+4%+18%3%2.67×23.7%n/a
NI Holdings, Inc. NODKUnited States$313M+20%-14%3%1.26×7.2%3.2%
Chesnara CSN.LUnited Kingdom$1.08B+11%+192%0%2.14×15.7%0.3%
Bowhead Specialty BOWUnited States$1.12B+26%+24%14%2.48×11.3%13.6%
Central Reinsurance 2851.TWTaiwan$1.12B+52%+21%37%1.41×5.1%37.4%
Wuestenrot & Wuerttembergische WUW.DEGermany$1.39B-6%+4%3%0.25×3.6%2.7%
Linea Directa Aseguradora LDA.MCSpain$1.48B+3%+10%23%3.07×11.7%23.3%
Trupanion TRUPUnited States$1.61B+49%+12%6%3.94×35.3%6.1%
Korean Reinsurance 003690.KSSouth Korea$1.74B+8%-2%14%0.73×4.8%14.4%
Zhongan Online P&C Insurance 6060.HKHong Kong$2.06B-19%+16%8%0.54×8.0%8.2%

Questions

Which companies are Asia Financial's closest peers?
The cockpit's peer set: United Overseas Insurance (U13.SI), AIFU (AIFU), Donegal (DGICA), Sagicor Financial (SFC.TO), SBI Insurance (7326.T), Religare Enterprises (RELIGARE.NS), NI Holdings, Inc. (NODK), Chesnara (CSN.L).
Is Asia Financial expensive compared with its peers?
On price / book it trades at 0.30× against a peer median of 1.07×, 2nd cheapest of 16 in its peer set. The share price implies a return on equity of about 3.7%; Asia Financial delivers 10.2%, so the price asks less than the business earns today.
How has Asia Financial stock performed?
Over six months to 6 Nov 2026 the shares returned -6.2% against +7.9% for the median peer; over one year +38.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.