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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 Aug 14, 2026.

As of Aug 14, 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 31.65 versus a fair value of TWD 24.33 (-23%), while China Life Insurance Co Ltd A trades at ¥36.84 versus ¥49.98 (+36%).
China Development Financial Holding
2883.TW · TWD · Financials
-23%
upside to fair value
overvalued
PriceTWD 31.65
Fair ValueTWD 24.33
Quality36/100
China Life Insurance Co Ltd A
601628.SHG · CNY · Financials
+36%
upside to fair value
undervalued
Price¥36.84
Fair Value¥49.98
Quality63/100

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×
3.3%Dividend yield2.3%
TWD 1.00Dividend per share¥0.86
Profitability
13%Net margin42%
37%Operating margin38%
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%
Balance & size
0.27×Debt / equity0.06×
$16BMarket cap$157B
mixedGrowth qualityweak

China Development Financial Holding leads: 8 to 6 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 94 China Life Insurance Co Ltd Aof which business quality 57 · market factors 37
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)
80
68
MomentumPrice trend over the last 3–12 months (market factor)
100
26
52W MomentumDistance to the 52-week high (market factor)
100
21
Net IssuanceBuybacks instead of dilution
63
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

China Development Financial Holding

Dividend DiscountTWD 16.71
MultiplesTWD 25.01
Asset-BasedTWD 12.92
Economic ProfitTWD 18.62

6 of 6 models see the stock below the current price.

China Life Insurance Co Ltd A

Dividend Discount¥17.98
Multiples¥50.18
Asset-Based¥14.11
Economic Profit¥57.79

4 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

China Development Financial Holding
Bear TWD 18.24Fair Value TWD 24.33Bull TWD 30.41
TWD 31.65 = current price (white tick)
China Life Insurance Co Ltd A
Bear ¥37.48Fair Value ¥49.98Bull ¥62.47
¥36.84 = current price (white tick)

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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-23% · below median

China Life Insurance Co Ltd A · Financials

Quality score63 · Top 25%
Fair value upside+36% · above median

Bottom line

As of Aug 14, 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 31.65 versus a fair value of TWD 24.33 (-23%), while China Life Insurance Co Ltd A trades at ¥36.84 versus ¥49.98 (+36%).

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 21 models. Values change with price and fundamentals; the date shown above applies.