Midea Group Valuation

Q: What is the Fair Price of 300 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

300 (HK$67.85) is trading above our estimate of [[fair value]] (HK$54.71)

Is 300 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 300 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300 (HK$67.85) is trading above our estimate of fair value (HK$54.71)

Significantly Below Fair Value: 300 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300?

Key metric: As 300 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 300. This is calculated by dividing 300's market cap by their current earnings.
What is 300's PE Ratio?
PE Ratio	14.2x
Earnings	CN¥37.64b
Market Cap	CN¥531.45b

300 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	10.5x
PEG Ratio	1.5x

Price to Earnings Ratio vs Peers

How does 300's PE Ratio compare to its peers?

The above table shows the PE ratio for 300 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.2x
2148 Vesync	5.7x	6.6%	HK$4.0b
2020 ANTA Sports Products	15.6x	7.8%	HK$222.0b
1691 JS Global Lifestyle	16.4x	30.3%	HK$5.0b
1913 Prada	23.1x	10.9%	HK$140.4b
300 Midea Group	14.2x	9.4%	HK$531.5b

Price-To-Earnings vs Peers: 300 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

How does 300's PE Ratio compare vs other companies in the HK Consumer Durables Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 300 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the Hong Kong Consumer Durables industry average (6.6x).

Price to Earnings Ratio vs Fair Ratio

What is 300's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

300 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 300's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.