MIDEA REAL ESTATE HOLDING LIMITED Financials Midea Real Estate Holding Limited
Equities
3990
KYG609201085
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.4 HKD | 0.00% |
|
+0.46% | -18.06% |
| May. 03 | Midea Real Estate Holding's January-April Sales Reach 13.6 Billion Yuan; Shares Rise 3% | MT |
| Apr. 29 | Midea Real Estate's Profit Drops 47% in 2023 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 26,283 | 17,939 | 12,190 | 14,413 | 7,006 | 5,835 | - | - |
| Enterprise Value (EV) 1 | 62,087 | 58,170 | 42,451 | 41,162 | 7,006 | 28,933 | 30,287 | 35,001 |
| P/E ratio | 5.92 x | 4.14 x | 3.25 x | 7.94 x | 7.4 x | 6.06 x | 6.2 x | 5.91 x |
| Yield | 6.86% | 4.61% | 13.2% | 6.58% | - | 8.08% | 8.3% | 8.68% |
| Capitalization / Revenue | 0.64 x | 0.34 x | 0.17 x | 0.2 x | 0.1 x | 0.1 x | 0.12 x | 0.12 x |
| EV / Revenue | 1.51 x | 1.11 x | 0.58 x | 0.56 x | 0.1 x | 0.5 x | 0.6 x | 0.71 x |
| EV / EBITDA | 8.21 x | 8.9 x | 5.09 x | 5.64 x | 1.43 x | 7.26 x | 8.53 x | 9.9 x |
| EV / FCF | 175 x | -28 x | 13.9 x | 13.8 x | - | -40.6 x | 7.81 x | -5.7 x |
| FCF Yield | 0.57% | -3.58% | 7.18% | 7.23% | - | -2.46% | 12.8% | -17.5% |
| Price to Book | 1.34 x | 0.81 x | 0.52 x | 0.58 x | - | 0.22 x | 0.21 x | 0.2 x |
| Nbr of stocks (in thousands) | 1,230,567 | 1,230,567 | 1,234,362 | 1,355,412 | 1,435,411 | 1,435,411 | - | - |
| Reference price 2 | 21.36 | 14.58 | 9.876 | 10.63 | 4.881 | 4.065 | 4.065 | 4.065 |
| Announcement Date | 3/30/20 | 3/24/21 | 3/25/22 | 3/24/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,139 | 52,484 | 73,703 | 73,631 | 73,564 | 57,870 | 50,365 | 49,420 |
| EBITDA 1 | 7,561 | 6,537 | 8,338 | 7,293 | 4,889 | 3,988 | 3,552 | 3,535 |
| EBIT 1 | 7,353 | 6,329 | 8,158 | 7,140 | 4,757 | 3,595 | 3,248 | 3,266 |
| Operating Margin | 17.87% | 12.06% | 11.07% | 9.7% | 6.47% | 6.21% | 6.45% | 6.61% |
| Earnings before Tax (EBT) 1 | 8,381 | - | 8,720 | 6,888 | 4,487 | 4,263 | 3,757 | 3,669 |
| Net income 1 | 4,305 | 4,326 | 3,744 | 1,726 | 913.6 | 939.6 | 874.8 | 852.5 |
| Net margin | 10.47% | 8.24% | 5.08% | 2.34% | 1.24% | 1.62% | 1.74% | 1.73% |
| EPS 2 | 3.610 | 3.520 | 3.040 | 1.340 | 0.6600 | 0.6712 | 0.6558 | 0.6877 |
| Free Cash Flow 1 | 353.8 | -2,081 | 3,048 | 2,975 | - | -712 | 3,876 | -6,137 |
| FCF margin | 0.86% | -3.96% | 4.14% | 4.04% | - | -1.23% | 7.7% | -12.42% |
| FCF Conversion (EBITDA) | 4.68% | - | 36.56% | 40.8% | - | - | 109.13% | - |
| FCF Conversion (Net income) | 8.22% | - | 81.42% | 172.35% | - | - | 443.05% | - |
| Dividend per Share 2 | 1.465 | 0.6719 | 1.301 | 0.6999 | - | 0.3287 | 0.3372 | 0.3530 |
| Announcement Date | 3/30/20 | 3/24/21 | 3/25/22 | 3/24/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|
| Net sales | - | - | 31,663 | - |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income | - | - | - | - |
| Net margin | - | - | - | - |
| EPS | - | - | - | - |
| Dividend per Share 1 | - | - | - | 0.6999 |
| Announcement Date | 8/20/20 | 8/25/21 | 8/26/22 | 3/24/23 |
1CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 35,804 | 40,232 | 30,261 | 26,749 | - | 23,098 | 24,452 | 29,166 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.735 x | 6.155 x | 3.629 x | 3.668 x | - | 5.792 x | 6.885 x | 8.25 x |
| Free Cash Flow 1 | 354 | -2,081 | 3,048 | 2,975 | - | -712 | 3,876 | -6,137 |
| ROE (net income / shareholders' equity) | 24% | 20.7% | 16.4% | 7.14% | - | 3.63% | 3.35% | 3.08% |
| ROA (Net income/ Total Assets) | 2.02% | 1.62% | 1.31% | 0.64% | - | 0.6% | 0.66% | 0.76% |
| Assets 1 | 213,517 | 266,734 | 286,139 | 270,230 | - | 157,124 | 132,551 | 111,803 |
| Book Value Per Share 2 | 16.00 | 17.90 | 19.00 | 18.30 | - | 18.50 | 19.10 | 19.90 |
| Cash Flow per Share 2 | 0.5000 | -1.650 | 2.600 | 2.360 | - | -0.3600 | 2.850 | -3.970 |
| Capex 1 | 290 | 47.6 | 110 | 69 | - | 361 | 370 | 381 |
| Capex / Sales | 0.71% | 0.09% | 0.15% | 0.09% | - | 0.62% | 0.73% | 0.77% |
| Announcement Date | 3/30/20 | 3/24/21 | 3/25/22 | 3/24/23 | 3/27/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
4.065
CNY
Average target price
4.792
CNY
Spread / Average Target
+17.88%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -18.06% | 771M | |
| +34.25% | 28.37B | |
| -11.96% | 27.34B | |
| +6.96% | 26.59B | |
| +15.21% | 25.28B | |
| +48.22% | 23.37B | |
| +6.98% | 20.39B | |
| +2.27% | 19.71B | |
| +28.49% | 16.22B | |
| -13.52% | 15.11B |
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