Company Valuation: Midea Group Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 506,827 355,169 377,351 564,900 584,982 660,316 - -
Change - -29.92% 6.25% 49.7% 3.55% 12.88% - -
Enterprise Value (EV) 1 489,014 366,158 368,311 508,919 559,493 619,732 604,328 589,425
Change - -25.12% 0.59% 38.18% 9.94% 10.77% -2.49% -2.47%
P/E 17.8x 12x 11.1x 13.9x 13.6x 14.3x 13.1x 12.1x
PBR 4.13x 2.54x 2.36x 2.66x 2.66x 2.81x 2.61x 2.45x
PEG - 2.61x 0.8x 1.4x 2.17x 2.34x 1.45x 1.41x
Capitalization / Revenue 1.49x 1.03x 1.01x 1.39x 1.28x 1.37x 1.28x 1.19x
EV / Revenue 1.43x 1.06x 0.99x 1.25x 1.23x 1.28x 1.17x 1.07x
EV / EBITDA 14.2x 9.83x 8.46x 11.1x 8.98x 10.9x 9.77x 8.82x
EV / EBIT 14.7x 10.5x 9.14x 11x 10.6x 13.1x 11.8x 10.5x
EV / FCF 17.1x 13.3x 7.09x 9.49x 13.1x 12.8x 10.2x 9.1x
FCF Yield 5.85% 7.52% 14.1% 10.5% 7.63% 7.84% 9.8% 11%
Dividend per Share 2 1.7 2.5 3 3.5 3.8 4.407 4.855 5.278
Rate of return 2.3% 4.83% 5.49% 4.65% 4.86% 5.03% 5.54% 6.03%
EPS 2 4.14 4.33 4.92 5.42 5.76 6.112 6.666 7.238
Distribution rate 41.1% 57.7% 61% 64.6% 66% 72.1% 72.8% 72.9%
Net sales 1 341,233 343,918 372,037 407,150 456,452 483,076 515,996 552,846
EBITDA 1 34,369 37,264 43,523 45,711 62,318 56,855 61,878 66,793
EBIT 1 33,281 34,763 40,317 46,394 52,979 47,145 51,406 56,344
Net income 1 28,574 29,554 33,720 38,537 43,945 45,905 51,178 56,923
Net Debt 1 -17,812 10,990 -9,040 -55,980 -25,489 -40,584 -55,988 -70,892
Reference price 2 73.81 51.80 54.63 75.22 78.15 87.60 87.60 87.60
Nbr of stocks (in thousands) 6,866,642 6,856,535 6,907,402 7,541,765 7,500,460 7,552,862 - -
Announcement Date 29/04/22 28/04/23 27/03/24 28/03/25 30/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.33x1.28x10.87x5.03% 97.76B
10.9x0.59x5.94x5.09% 29.88B
28.26x3.08x17.13x1.1% 22.89B
45.76x3.45x30.81x0.66% 10.6B
16.54x1.29x7.68x2.44% 6.96B
16.4x1.42x13.15x5.15% 5.13B
16.59x0.65x5.83x5.04% 3.68B
34.96x2.62x17.11x1.16% 3.34B
13.83x0.67x5.01x2.96% 3.1B
Average 21.95x 1.67x 12.62x 3.18% 20.37B
Weighted average by Cap. 17.88x 1.52x 11.86x 4.1%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. 000333 Stock
  4. Valuation Midea Group Co., Ltd.