Midea Group Co., Ltd.

¥89.60As of Sun 8 Nov 2026, 12:00 UTC

SZSE:000333Consumer Disc

Country China

PE (Fwd) •••

TSR 10Y CAGR 16.70%

Div yield 4.80%

ROE 20.14%

Furnishings, Fixtures & Appliances

Beta (5Y) 0.43

PE TTM 14.30

TSR TTM 24.03%

Mkt cap ¥722.9B

ROIC 30.50%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥103

15.28%

(90.75%)

Hold 1|12|12|12|0

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

36.03

Revenue¥B

161.0

168.7

173.0

179.0

186.7

187.6

191.0

191.7

194.3

197.0

39.69

1.08%

2.06%

4.77

Revenue growth%

0.40

2.89

2.69

5.36

3.59

2.86

0.48

1.68

4.02

16.66

2.86

2.78

4.98

Gross margin%

1.95

1.06

0.40

3.09

0.70

0.40

3.04

0.40

27.21

0.70

0.55

28.02

Operating margin%

4.81

3.04

2.67

1.59

0.40

1.15

1.34

9.96

0.40

1.24

18.86

Net margin%

14.99

14.05

14.68

12.20

10.92

13.21

13.03

13.02

13.33

11.72

26.88

13.03

13.12

21.00

P/E ratio (avg)x

11.57

10.37

10.69

10.37

9.670

9.532

10.33

11.47

11.16

10.98

32.46

10.98

10.53

18.82

EV/EBITx

35.91

36.75

38.98

42.68

40.72

43.52

48.40

53.66

57.31

57.06

6.624

53.66

43.10

7.22

FCF yield (avg)%

10.95

13.42

15.13

12.23

10.12

7.21

7.10

9.25

10.43

10.72

9.64

9.25

10.57

20.25

FCF margin%

18.53

17.62

14.97

14.75

14.08

11.76

12.87

15.26

16.39

26.46

12.87

14.86

0.544

FCF / Net incomex

1.451

1.713

1.653

1.688

1.988

2.060

2.409

2.501

2.552

3.007

1.315

2.501

2.024

16.94

ROIC%

15.25

16.24

17.22

14.76

17.55

16.92

15.05

14.61

14.60

17.46

26.75

15.05

15.74

16.88

Return on equity%

1.76

3.94

3.02

1.20

3.10

2.62

1.16

0.47

0.40

10.13

0.47

1.48

5.62

Return on assets%

7.87

9.56

10.17

9.64

11.26

10.20

13.14

11.38

9.88

9.53

26.96

10.20

10.03

5.79

EPS¥

13.05

13.23

12.16

10.98

12.13

13.07

11.79

12.84

13.85

14.26

6.25

3.29%

1.44%

—

15.68

EPS growth%

29.75

31.04

32.83

30.37

30.21

28.67

31.33

28.97

31.54

32.85

26.56

31.33

30.71

16.64

Bookvalue per sh¥

13.49

12.75

11.32

11.48

12.39

12.52

12.19

11.26

11.78

11.26

2.34

(1.90%)

(1.66%)

—

14.03

FCF per share¥

5.54

6.62

7.36

7.16

8.24

9.66

10.97

10.84

11.44

11.07

9.70

6.09%

7.72%

—

11.84

Dividend per sh¥

25.24

27.67

33.28

40.39

40.64

42.48

41.62

45.30

48.61

51.15

13.94

4.71%

9.23%

—

10.69

Div yield (avg)%

9.65

10.95

12.55

12.18

13.14

12.42

11.37

11.79

11.33

13.47

19.15

11.79

11.99

7.99

Payout ratio%

18.06

20.50

18.93

19.16

21.46

20.54

19.55

18.81

18.64

20.45

15.70

19.55

19.35

8.199

Shares (diluted)B

11.39

10.69

11.58

11.05

11.39

12.89

14.57

13.93

14.49

13.48

7.835

3.42%

2.80%

16.86

Buyback yield%

23.53

25.30

23.25

25.50

26.67

24.13

21.22

20.97

19.66

20.56

24.07

20.97

23.39

1.470

D/E ratiox

0.230

0.260

0.247

0.251

0.287

0.297

0.329

0.354

0.349

0.344

1.356

0.344

0.292

119.2

Enterprise value¥B

43.77

42.39

44.46

49.44

50.83

54.64

53.99

54.88

49.06

44.18

194.4

(2.77%)

0.62%

147.8

LT debt¥B

135.2

142.7

166.7

174.4

165.6

178.7

183.9

181.2

187.0

215.5

153.3

5.41%

6.25%

Peers (US$108.4B)

Cap (US$)

Gree Electric Applianc…

32.67B

8.806x

Haier Smart Home Co.…

28.15B

11.69x

Guangdong Songfa…

22.82B

23.83x

Lowe's Companies, Inc.

126.0B

18.98x

Capital

TTM

10Y

Leveragex

1.976

0.037

0.039

EBIT/Intx

0.512

0.159

0.162

Own earn%

(92.42)

(106.78)

(94.59)

Sh yield%

27.55

32.76

34.92

Owners

Insiders/Inst%

1.12

23.41

Short interest%

1.14

SBC / revenue%

0.51

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–5

$1 testx

—

Incr. ROIC%

Midea Group Co., Ltd. manufactures and sells electrical appliances in China and internationally, offering smart home products such as air conditioners, heating and ventilation systems, kitchen appliances, refrigerators and washing machines, plus commercial and industrial solutions including elevators, frequency converters, medical imaging products, robots and automation systems, alongside financial and Internet of Things services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥197.0B

2.06%

1.00×

Cost of revenue

¥121.8B

1.76%

0.97×

Operating expenses

¥44.03B

2.52%

1.05×