|
End-of-day quote
Shenzhen S.E.
02/11/2026
|
5-day change | 1st Jan Change | ||
| 87.66 CNY | -1.70% |
|
+2.42% | +12.17% |
| 10-30 | HSBC Adjusts Midea Group's Price Target to 95 Yuan | MT |
| 10-29 | Midea Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 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 | 470,984 | 499,464 | 531,493 |
| Change | - | 0.79% | 8.18% | 9.44% | 12.11% | 3.18% | 6.05% | 6.41% |
| EBITDA 1 | 34,369 | 37,264 | 43,523 | 45,711 | 62,318 | 57,693 | 60,577 | 65,267 |
| Change | - | 8.42% | 16.8% | 5.03% | 36.33% | -7.42% | 5% | 7.74% |
| EBIT 1 | 33,281 | 34,763 | 40,317 | 46,394 | 52,979 | 50,274 | 53,190 | 57,677 |
| Change | - | 4.45% | 15.98% | 15.07% | 14.19% | -5.11% | 5.8% | 8.43% |
| Interest Paid 1 | 4,386 | -1,880 | -2,808 | -2,453 | -2,211 | -1,868 | -2,107 | -2,107 |
| Earnings before Tax (EBT) 1 | 33,718 | 34,956 | 40,277 | 46,690 | 53,085 | 57,174 | 59,823 | 63,939 |
| Change | - | 3.67% | 15.22% | 15.92% | 13.7% | 7.7% | 4.63% | 6.88% |
| Net income 1 | 28,574 | 29,554 | 33,720 | 38,537 | 43,945 | 46,981 | 49,660 | 54,278 |
| Change | - | 3.43% | 14.1% | 14.29% | 14.03% | 6.91% | 5.7% | 9.3% |
| Announcement Date | 4/29/22 A | 4/28/23 A | 3/27/24 A | 3/28/25 A | 3/30/26 A | - | - | - |
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 | -25,899 | -40,905 | -55,781 |
| Change | - | 161.7% | -182.26% | -519.25% | 54.47% | -1.61% | -57.94% | -36.37% |
| Announcement Date | 4/29/22 A | 4/28/23 A | 3/27/24 A | 3/28/25 A | 3/30/26 A | - | - | - |
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 | 11,874 | 10,909 | 11,160 |
| Change | - | 9.61% | -16.73% | 16.15% | 55.05% | 11.32% | -8.13% | 2.3% |
| Free Cash Flow (FCF) 1 | 28,603 | 27,545 | 51,980 | 53,632 | 42,680 | 41,190 | 57,225 | 55,207 |
| Change | - | -3.7% | 88.71% | 3.18% | -20.42% | -3.49% | 38.93% | -3.53% |
| Announcement Date | 4/29/22 A | 4/28/23 A | 3/27/24 A | 3/28/25 A | 3/30/26 A | - | - | - |
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% | 12.25% | 12.13% | 12.28% |
| EBIT Margin (%) | 9.75% | 10.11% | 10.84% | 11.39% | 11.61% | 10.67% | 10.65% | 10.85% |
| EBT Margin (%) | 9.88% | 10.16% | 10.83% | 11.47% | 11.63% | 12.14% | 11.98% | 12.03% |
| Net margin (%) | 8.37% | 8.59% | 9.06% | 9.47% | 9.63% | 9.98% | 9.94% | 10.21% |
| FCF margin (%) | 8.38% | 8.01% | 13.97% | 13.17% | 9.35% | 8.75% | 11.46% | 10.39% |
| FCF / Net Income (%) | 100.1% | 93.2% | 154.15% | 139.17% | 97.12% | 87.67% | 115.24% | 101.71% |
Profitability | ||||||||
| ROA | 7.64% | - | 7.42% | 7.07% | 7.24% | 7.34% | 7.56% | 7.91% |
| ROE | 24.09% | 22.21% | 22.23% | 21.29% | 19.7% | 18.87% | 19.94% | 19.94% |
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% | 2.52% | 2.15% | 2.1% |
| CAPEX / EBITDA (%) | 18.88% | 19.09% | 13.61% | 15.05% | 17.12% | 20.58% | 17.75% | 17.1% |
| CAPEX / FCF (%) | 22.69% | 25.82% | 11.39% | 12.83% | 24.99% | 28.83% | 18.79% | 20.21% |
Items per share | ||||||||
| Cash flow per share 1 | 5.023 | 4.953 | 8.242 | 7.904 | 7.022 | 7.233 | 9.033 | 8.977 |
| Change | - | -1.39% | 66.39% | -4.1% | -11.16% | 3.01% | 24.88% | -0.63% |
| Dividend per Share 1 | 1.7 | 2.5 | 3 | 3.5 | 3.8 | 4.485 | 4.723 | 5.135 |
| Change | - | 47.06% | 20% | 16.67% | 8.57% | 18.04% | 5.29% | 8.73% |
| Book Value Per Share 1 | 17.87 | 20.43 | 23.18 | 28.31 | 29.38 | 31.54 | 33.26 | 35.56 |
| Change | - | 14.29% | 13.49% | 22.12% | 3.78% | 7.36% | 5.46% | 6.89% |
| EPS 1 | 4.14 | 4.33 | 4.92 | 5.42 | 5.76 | 6.172 | 6.523 | 7.08 |
| Change | - | 4.59% | 13.63% | 10.16% | 6.27% | 7.15% | 5.69% | 8.54% |
| 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 A | 4/28/23 A | 3/27/24 A | 3/28/25 A | 3/30/26 A | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 14.2x | 13.4x |
| PBR | 2.78x | 2.64x |
| EV / Sales | 1.45x | 1.33x |
| Yield | 5.12% | 5.39% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
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Quarterly revenue - Rate of surprise
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