Gree Electric Appliances of Zhuhai
Market Cap
CN¥312.1b
Last Updated
2020/04/09 14:51 UTC
Data Sources
Company Financials +
Executive Summary
Gree Electric Appliances, Inc. of Zhuhai produces and sells household appliances worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Gree Electric Appliances of Zhuhai's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 000651's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.8%
651
0.5%
CN Consumer Durables
2.7%
CN Market
1 Year Return
-6.0%
651
-8.0%
CN Consumer Durables
-4.5%
CN Market
Return vs Industry: 000651 exceeded the CN Consumer Durables industry which returned -11.3% over the past year.
Return vs Market: 000651 matched the CN Market which returned -7% over the past year.
Shareholder returns
| 651 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 0.5% | 2.7% |
| 30 Day | -14.6% | -13.7% | -6.4% |
| 90 Day | -25.6% | -16.2% | -4.5% |
| 1 Year | -3.3%-6.0% | -6.1%-8.0% | -3.0%-4.5% |
| 3 Year | 81.4%66.0% | 12.4%6.5% | -9.7%-13.3% |
| 5 Year | 179.6%130.0% | 37.6%26.1% | -20.3%-25.2% |
Price Volatility Vs. Market
How volatile is Gree Electric Appliances of Zhuhai's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Gree Electric Appliances of Zhuhai undervalued compared to its fair value and its price relative to the market?
48.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 000651 (CN¥51.88) is trading below our estimate of fair value (CN¥100)
Significantly Below Fair Value: 000651 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 000651 is good value based on its PE Ratio (11.5x) compared to the Consumer Durables industry average (26.7x).
PE vs Market: 000651 is good value based on its PE Ratio (11.5x) compared to the CN market (33.7x).
Price to Earnings Growth Ratio
PEG Ratio: 000651 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 000651 is overvalued based on its PB Ratio (3.1x) compared to the CN Consumer Durables industry average (2.7x).
Next Steps
Future Growth
How is Gree Electric Appliances of Zhuhai forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
10.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 000651's forecast earnings growth (10.3% per year) is above the savings rate (3.2%).
Earnings vs Market: 000651's earnings (10.3% per year) are forecast to grow slower than the CN market (20.7% per year).
High Growth Earnings: 000651's earnings are forecast to grow, but not significantly.
Revenue vs Market: 000651's revenue (8.2% per year) is forecast to grow slower than the CN market (15.8% per year).
High Growth Revenue: 000651's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 000651's Return on Equity is forecast to be high in 3 years time (24.5%)
Next Steps
Past Performance
How has Gree Electric Appliances of Zhuhai performed over the past 5 years?
18.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 000651 has high quality earnings.
Growing Profit Margin: 000651's current net profit margins (13.3%) are lower than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: 000651's earnings have grown by 18.3% per year over the past 5 years.
Accelerating Growth: 000651's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 000651 had negative earnings growth (-3.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (11.7%).
Return on Equity
High ROE: 000651's Return on Equity (26.7%) is considered high.
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Financial Health
How is Gree Electric Appliances of Zhuhai's financial position?
Financial Position Analysis
Short Term Liabilities: 000651's short term assets (CN¥237.1B) exceed its short term liabilities (CN¥188.5B).
Long Term Liabilities: 000651's short term assets (CN¥237.1B) exceed its long term liabilities (CN¥956.5M).
Debt to Equity History and Analysis
Debt Level: 000651's debt to equity ratio (22.5%) is considered satisfactory.
Reducing Debt: 000651's debt to equity ratio has increased from 22.2% to 22.5% over the past 5 years.
Debt Coverage: 000651's debt is well covered by operating cash flow (193.5%).
Interest Coverage: 000651 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Gree Electric Appliances of Zhuhai's current dividend yield, its reliability and sustainability?
4.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 000651's dividend (4.05%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).
High Dividend: 000651's dividend (4.05%) is in the top 25% of dividend payers in the CN market (1.96%)
Stability and Growth of Payments
Stable Dividend: 000651's dividend payments have been volatile in the past 10 years.
Growing Dividend: 000651's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.1%), 000651's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 000651's dividends in 3 years are forecast to be covered by earnings (63.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Jin Huang (54yo)
2.67s
Tenure
CN¥5,200,000
Compensation
Mr. Jin Hui Huang has been Chief Executive Officer of Gree Electric Appliances, Inc. of Zhuhai since August 2017. Mr. Huang served as Chief Engineer and Executive Vice President of Gree Electric Appliances ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.92yrs | CN¥9.60m | 0.74% CN¥2.3b | |
| CEO & Director | 2.67yrs | CN¥5.20m | no data | |
| Chief Financial Officer | 12.25yrs | CN¥4.50m | no data | |
| Chief Engineer | 2.67yrs | CN¥4.00m | no data | |
| Vice President | 17yrs | CN¥3.00m | no data | |
| Vice President | 4.67yrs | CN¥2.50m | no data | |
| Vice President | 6.58yrs | CN¥1.53m | no data |
6.6yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 000651's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7.92yrs | CN¥9.60m | 0.74% CN¥2.3b | |
| CEO & Director | 2.67yrs | CN¥5.20m | no data | |
| Director | 5.92yrs | no data | no data | |
| Chairman of Board of Supervisor | 6.58yrs | no data | no data | |
| Director | 7.92yrs | no data | no data | |
| Independent Director | 5.92yrs | CN¥120.00k | no data | |
| Independent Director | 5.92yrs | CN¥120.00k | no data | |
| Director | 4.83yrs | no data | no data | |
| Independent Director | 4.83yrs | CN¥120.00k | no data | |
| Director | 4.83yrs | no data | no data |
5.9yrs
Average Tenure
59yo
Average Age
Experienced Board: 000651'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
Gree Electric Appliances, Inc. of Zhuhai's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gree Electric Appliances, Inc. of Zhuhai
- Ticker: 651
- Exchange: SZSE
- Founded: 1989
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: CN¥312.096b
- Shares outstanding: 6.02b
- Website: https://www.gree.com.cn
Number of Employees
Location
- Gree Electric Appliances, Inc. of Zhuhai
- West Jinji Road
- Qianshan
- Zhuhai
- 519070
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 651 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Dec 1996 |
| 651 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Dec 1996 |
Biography
Gree Electric Appliances, Inc. of Zhuhai produces and sells household appliances worldwide. The company offers residential air conditioners (ACs), including wall-mounted, floor-standing, window, portable, dehumidifier, and special ACs; commercial air conditioners, such as light commercial, multi-VRF, chiller, terminal, packaged unit, and special ACs; and air to water heat pumps comprising residential and commercial water heaters, and multi-functional heat pumps. It also provides home appliances that include electric fans and heaters, water dispensers and purifiers, humidifiers, multi-cookers, air purifiers, electric kettles, pressure and induction cookers; side by side, Italian type, multi-door, three door, combi, double door, single door, and chest freezer refrigerators; and smartphone, industrial, compressor, motor, electronic components, enameled/electronic wires, intelligent equipment, precision molding products, valves, and castings components. The company serves the public, financial and communication, office, real estate, shopping center, hotel, and industrial sectors. The company was formerly known as Haili Air-conditioning Engineering Co., Ltd. of Zhuhai and changed its name to Gree Electric Appliances, Inc. of Zhuhai in 1994. Gree Electric Appliances, Inc. of Zhuhai was founded in 1989 and is headquartered in Zhuhai, China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 14:51 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.