| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
333 Stock Overview
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally.
Midea Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥77.08 |
| 52 Week High | CN¥108.00 |
| 52 Week Low | CN¥61.11 |
| Beta | 1.03 |
| 1 Month Change | 6.82% |
| 3 Month Change | 10.08% |
| 1 Year Change | -24.42% |
| 3 Year Change | 84.23% |
| 5 Year Change | 157.79% |
| Change since IPO | 584.30% |
Recent News & Updates
Shareholder Returns
| 333 | CN Consumer Durables | CN Market | |
|---|---|---|---|
| 7D | 5.5% | 2.0% | -1.2% |
| 1Y | -24.4% | -18.9% | -2.9% |
Return vs Industry: 000333 underperformed the CN Consumer Durables industry which returned -18.9% over the past year.
Return vs Market: 000333 underperformed the CN Market which returned -2.9% over the past year.
Price Volatility
| 333 volatility | |
|---|---|
| 333 Average Weekly Movement | 4.5% |
| Consumer Durables Industry Average Movement | 5.8% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in CN Market | 9.5% |
| 10% least volatile stocks in CN Market | 3.5% |
Stable Share Price: 000333 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 000333's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1968 | 160,000 | Hongbo Fang | https://www.midea-group.com |
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through four segments: Heating & Ventilation, as well as Air-Conditioner; Consumer Appliances; Robotics and Automation System; and Others. The company offers split, window, portable, and dehumidifier residential air conditioners (ACs); light commercial ACs; and commercial ACs, such as variable refrigerant flow, DC inverter air-cooled chillers and mini chillers, chiller terminals, rooftop, and ATW and commercial heat pump water heaters.
Midea Group Fundamentals Summary
| 333 fundamental statistics | |
|---|---|
| Market Cap | CN¥529.28b |
| Earnings (TTM) | CN¥28.59b |
| Revenue (TTM) | CN¥328.80b |
18.5x
P/E Ratio1.6x
P/S RatioIs 333 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 333 income statement (TTM) | |
|---|---|
| Revenue | CN¥328.80b |
| Cost of Revenue | CN¥250.55b |
| Gross Profit | CN¥78.25b |
| Expenses | CN¥49.66b |
| Earnings | CN¥28.59b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.16 |
| Gross Margin | 23.80% |
| Net Profit Margin | 8.70% |
| Debt/Equity Ratio | 45.9% |
How did 333 perform over the long term?
See historical performance and comparisonDividends
2.1%
Current Dividend Yield38%
Payout RatioValuation
Is Midea Group undervalued compared to its fair value and its price relative to the market?
36.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 000333 (CN¥77.08) is trading below our estimate of fair value (CN¥121.58)
Significantly Below Fair Value: 000333 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 000333 is good value based on its PE Ratio (18.5x) compared to the CN Consumer Durables industry average (27.2x).
PE vs Market: 000333 is good value based on its PE Ratio (18.5x) compared to the CN market (36.1x).
Price to Earnings Growth Ratio
PEG Ratio: 000333 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 000333 is overvalued based on its PB Ratio (4.5x) compared to the CN Consumer Durables industry average (3.2x).
Future Growth
How is Midea Group forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
11.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 000333's forecast earnings growth (11.1% per year) is above the savings rate (3.3%).
Earnings vs Market: 000333's earnings (11.1% per year) are forecast to grow slower than the CN market (24.9% per year).
High Growth Earnings: 000333's earnings are forecast to grow, but not significantly.
Revenue vs Market: 000333's revenue (8.1% per year) is forecast to grow slower than the CN market (18.5% per year).
High Growth Revenue: 000333's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 000333's Return on Equity is forecast to be high in 3 years time (23.9%)
Past Performance
How has Midea Group performed over the past 5 years?
13.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 000333 has high quality earnings.
Growing Profit Margin: 000333's current net profit margins (8.7%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: 000333's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: 000333's earnings growth over the past year (15%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: 000333 earnings growth over the past year (15%) underperformed the Consumer Durables industry 21%.
Return on Equity
High ROE: 000333's Return on Equity (22.6%) is considered high.
Financial Health
How is Midea Group's financial position?
Financial Position Analysis
Short Term Liabilities: 000333's short term assets (CN¥259.1B) exceed its short term liabilities (CN¥188.7B).
Long Term Liabilities: 000333's short term assets (CN¥259.1B) exceed its long term liabilities (CN¥59.3B).
Debt to Equity History and Analysis
Debt Level: 000333 has more cash than its total debt.
Reducing Debt: 000333's debt to equity ratio has increased from 16.8% to 45.9% over the past 5 years.
Debt Coverage: 000333's debt is well covered by operating cash flow (55.1%).
Interest Coverage: 000333 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Midea Group current dividend yield, its reliability and sustainability?
2.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 000333's dividend (2.08%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).
High Dividend: 000333's dividend (2.08%) is in the top 25% of dividend payers in the CN market (1.78%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 000333 has been paying a dividend for less than 10 years.
Growing Dividend: 000333's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.5%), 000333's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 000333's dividends in 3 years are forecast to be well covered by earnings (46.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Hongbo Fang (54 yo)
9.42yrs
Tenure
CN¥12,130,000
Compensation
Mr. Hongbo Fang has been the Chief Executive Officer at Midea Group Co., Ltd. and served its President since August 25, 2012. Mr. Fang serves as the Principal of Wuxi Little Swan Company Limited.He has be...
Leadership Team
Experienced Management: 000333's management team is seasoned and experienced (6.3 years average tenure).
Board Members
Experienced Board: 000333's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Midea Group Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Midea Group Co., Ltd.
- Ticker: 333
- Exchange: SZSE
- Founded: 1968
- Industry: Household Appliances
- Sector: Consumer Durables
- Implied Market Cap: CN¥529.281b
- Shares outstanding: 6.87b
- Website: https://www.midea-group.com
Number of Employees
Location
- Midea Group Co., Ltd.
- No. 6 Midea Avenue
- Beijiao Town
- Foshan
- Guangdong Province
- 528311
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/24 15:46 |
| End of Day Share Price | 2022/01/24 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.