Midea Group Future Growth

Future criteria checks 2/6

Midea Group is forecast to grow earnings and revenue by 9.4% and 6.5% per annum respectively. EPS is expected to grow by 7.4% per annum. Return on equity is forecast to be 20.7% in 3 years.

Key information

9.4%

Earnings growth rate

7.4%

EPS growth rate

Consumer Durables earnings growth	23.1%
Revenue growth rate	6.5%
Future return on equity	20.7%
Analyst coverage	Good
Last updated	19 Nov 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

SHSC:300 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	470,255	46,369	44,282	52,546	25
12/31/2025	438,023	42,341	40,657	51,333	26
12/31/2024	407,016	38,473	29,147	44,486	26
9/30/2024	399,902	37,635	66,169	73,379	N/A
6/30/2024	392,324	36,198	54,352	61,606	N/A
3/31/2024	381,877	34,612	56,318	62,559	N/A
12/31/2023	372,038	33,654	51,589	57,903	N/A
9/30/2023	364,662	32,738	42,796	49,973	N/A
6/30/2023	358,246	31,743	35,770	43,048	N/A
3/31/2023	349,800	30,354	28,601	35,951	N/A
12/31/2022	343,918	29,490	27,306	34,658	N/A
9/30/2022	350,259	29,506	31,398	36,667	N/A
6/30/2022	350,086	29,489	30,063	36,310	N/A
3/31/2022	349,111	29,201	28,281	34,517	N/A
12/31/2021	341,234	28,491	28,266	35,092	N/A
9/30/2021	328,803	28,595	25,114	32,439	N/A
6/30/2021	318,964	28,199	25,285	31,328	N/A
3/31/2021	308,712	28,816	24,525	30,442	N/A
12/31/2020	284,222	27,158	24,901	29,557	N/A
9/30/2020	274,059	24,872	30,039	33,815	N/A
6/30/2020	263,514	22,846	31,627	35,208	N/A
3/31/2020	261,024	22,852	31,223	34,416	N/A
12/31/2019	278,217	24,170	35,139	38,590	N/A
9/30/2019	274,827	23,623	33,227	38,062	N/A
6/30/2019	270,812	22,457	36,860	42,035	N/A
3/31/2019	265,134	21,080	29,447	35,275	N/A
12/31/2018	259,665	20,207	22,249	27,861	N/A
9/30/2018	259,521	20,186	19,158	23,965	N/A
6/30/2018	258,886	19,409	N/A	18,160	N/A
3/31/2018	250,694	18,187	N/A	21,863	N/A
12/31/2017	240,712	17,284	N/A	24,443	N/A
9/30/2017	229,615	16,875	N/A	27,725	N/A
6/30/2017	205,974	15,999	N/A	32,462	N/A
3/31/2017	180,464	15,130	N/A	27,109	N/A
12/31/2016	159,052	14,684	N/A	26,695	N/A
9/30/2016	143,456	14,503	N/A	27,831	N/A
6/30/2016	133,464	13,879	N/A	26,078	N/A
3/31/2016	134,364	13,272	N/A	30,861	N/A
12/31/2015	138,447	12,707	N/A	26,764	N/A
9/30/2015	143,970	12,561	N/A	28,905	N/A
6/30/2015	146,858	12,216	N/A	20,433	N/A
3/31/2015	145,755	11,306	N/A	24,063	N/A
12/31/2014	141,678	10,502	N/A	24,789	N/A
9/30/2014	136,314	10,252	N/A	18,481	N/A
6/30/2014	132,367	9,281	N/A	19,656	N/A
3/31/2014	127,760	6,835	N/A	12,611	N/A
12/31/2013	120,975	5,317	N/A	10,054	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300's forecast earnings growth (9.4% per year) is above the savings rate (2.3%).

Earnings vs Market: 300's earnings (9.4% per year) are forecast to grow slower than the Hong Kong market (11.6% per year).

High Growth Earnings: 300's earnings are forecast to grow, but not significantly.

Revenue vs Market: 300's revenue (6.5% per year) is forecast to grow slower than the Hong Kong market (7.8% per year).

High Growth Revenue: 300's revenue (6.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 300's Return on Equity is forecast to be high in 3 years time (20.7%)