|
End-of-day quote
Shenzhen S.E.
2026-09-30
|
5-day change | 1st Jan Change | ||
| 80.10 CNY | -1.91% |
|
-2.32% | +2.50% |
| 09-09 | Midea Unveils Green And Sustainable HVAC And Energy Management Solutions At IFA 2026 | CI |
| 09-06 | Midea Unveils VitaBreeze Air Conditioning System At IFA 2026 | CI |
Projected Income Statement: Midea Group Co., Ltd.
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 341,233 | 343,918 | 372,037 | 407,150 | 456,452 | 481,694 | 513,645 | 547,954 |
| Change | - | 0.79% | 8.18% | 9.44% | 12.11% | 5.53% | 6.63% | 6.68% |
| EBITDA 1 | 34,369 | 37,264 | 43,523 | 45,711 | 62,318 | 59,769 | 61,759 | 66,703 |
| Change | - | 8.42% | 16.8% | 5.03% | 36.33% | -4.09% | 3.33% | 8% |
| EBIT 1 | 33,281 | 34,763 | 40,317 | 46,394 | 52,979 | 50,760 | 54,425 | 58,963 |
| Change | - | 4.45% | 15.98% | 15.07% | 14.19% | -4.19% | 7.22% | 8.34% |
| Interest Paid 1 | 4,386 | -1,880 | -2,808 | -2,453 | -2,211 | -1,882 | -2,081 | -1,867 |
| Earnings before Tax (EBT) 1 | 33,718 | 34,956 | 40,277 | 46,690 | 53,085 | 56,332 | 63,273 | 69,071 |
| Change | - | 3.67% | 15.22% | 15.92% | 13.7% | 6.12% | 12.32% | 9.16% |
| Net income 1 | 28,574 | 29,554 | 33,720 | 38,537 | 43,945 | 46,143 | 50,309 | 54,431 |
| Change | - | 3.43% | 14.1% | 14.29% | 14.03% | 5% | 9.03% | 8.19% |
| Announcement Date | 4/29/22 | 4/28/23 | 3/27/24 | 3/28/25 | 3/30/26 | - | - | - |
Forecast Balance Sheet: Midea Group Co., Ltd.
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | -17,812 | 10,990 | -9,040 | -55,980 | -25,489 | -36,855 | -61,733 | -70,628 |
| Change | - | 161.7% | -182.26% | -519.25% | 54.47% | -44.59% | -67.5% | -14.41% |
| Announcement Date | 4/29/22 | 4/28/23 | 3/27/24 | 3/28/25 | 3/30/26 | - | - | - |
Cash Flow Forecast: Midea Group Co., Ltd.
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 6,489 | 7,113 | 5,923 | 6,879 | 10,666 | 11,889 | 10,768 | 11,178 |
| Change | - | 9.61% | -16.73% | 16.15% | 55.05% | 11.46% | -9.43% | 3.81% |
| Free Cash Flow (FCF) 1 | 28,603 | 27,545 | 51,980 | 53,632 | 42,680 | 49,705 | 59,426 | 62,404 |
| Change | - | -3.7% | 88.71% | 3.18% | -20.42% | 16.46% | 19.56% | 5.01% |
| Announcement Date | 4/29/22 | 4/28/23 | 3/27/24 | 3/28/25 | 3/30/26 | - | - | - |
Forecast Financial Ratios: Midea Group Co., Ltd.
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 10.07% | 10.84% | 11.7% | 11.23% | 13.65% | 12.41% | 12.02% | 12.17% |
| EBIT Margin (%) | 9.75% | 10.11% | 10.84% | 11.39% | 11.61% | 10.54% | 10.6% | 10.76% |
| EBT Margin (%) | 9.88% | 10.16% | 10.83% | 11.47% | 11.63% | 11.69% | 12.32% | 12.61% |
| Net margin (%) | 8.37% | 8.59% | 9.06% | 9.47% | 9.63% | 9.61% | 10.07% | 10.43% |
| FCF margin (%) | 8.38% | 8.01% | 13.97% | 13.17% | 9.35% | 10.32% | 11.57% | 11.39% |
| FCF / Net Income (%) | 100.1% | 93.2% | 154.15% | 139.17% | 97.12% | 107.36% | 114.87% | 109.14% |
Profitability | ||||||||
| ROA | 7.64% | - | 7.42% | 7.07% | 7.24% | 7.24% | 7.5% | 7.84% |
| ROE | 24.09% | 22.21% | 22.23% | 21.29% | 19.7% | 19.58% | 19.98% | 20.41% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | - | 0.29x | - | - | - | - | - | - |
| Debt / Free cash flow | - | 0.4x | - | - | - | - | - | - |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 1.9% | 2.07% | 1.59% | 1.69% | 2.34% | 2.25% | 2.12% | 2.16% |
| CAPEX / EBITDA (%) | 18.88% | 19.09% | 13.61% | 15.05% | 17.12% | 17.84% | 18.01% | 18.05% |
| CAPEX / FCF (%) | 22.69% | 25.82% | 11.39% | 12.83% | 24.99% | 21.54% | 18.4% | 18.2% |
Items per share | ||||||||
| Cash flow per share 1 | 5.023 | 4.953 | 8.242 | 7.904 | 7.022 | 7.115 | 9.272 | 9.3 |
| Change | - | -1.39% | 66.39% | -4.1% | -11.16% | 1.32% | 30.32% | 0.31% |
| Dividend per Share 1 | 1.7 | 2.5 | 3 | 3.5 | 3.8 | 4.474 | 4.891 | 5.319 |
| Change | - | 47.06% | 20% | 16.67% | 8.57% | 17.75% | 9.32% | 8.75% |
| Book Value Per Share 1 | 17.87 | 20.43 | 23.18 | 28.31 | 29.38 | 31.2 | 33.45 | 35.77 |
| Change | - | 14.29% | 13.49% | 22.12% | 3.78% | 6.17% | 7.22% | 6.95% |
| EPS 1 | 4.14 | 4.33 | 4.92 | 5.42 | 5.76 | 6.097 | 6.66 | 7.216 |
| Change | - | 4.59% | 13.63% | 10.16% | 6.27% | 5.86% | 9.22% | 8.35% |
| Nbr of stocks (in thousands) | 6,866,642 | 6,856,535 | 6,907,402 | 7,541,765 | 7,500,460 | 8,099,446 | 8,099,446 | 8,099,446 |
| Announcement Date | 4/29/22 | 4/28/23 | 3/27/24 | 3/28/25 | 3/30/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 13.1x | 12x |
| PBR | 2.57x | 2.39x |
| EV / Sales | 1.27x | 1.14x |
| Yield | 5.59% | 6.11% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Quarterly revenue - Rate of surprise
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