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Midea Group Co., Ltd is currently in a long term downtrend where the price is trading 17.5% below its 200 day moving average.
From a valuation standpoint, the stock is 72.6% cheaper than other stocks from the Technology sector with a price to sales ratio of 2.2.
Midea Group Co., Ltd's total revenue rose by 15.7% to $78B since the same quarter in the previous year.
Its net income has increased by 32.0% to $8B since the same quarter in the previous year.
Finally, its free cash flow fell by 22.5% to $5B since the same quarter in the previous year.
Based on the above factors, Midea Group Co., Ltd gets an overall score of 3/5.
ISIN | CNE100001QQ5 |
---|---|
Sector | Consumer Cyclical |
Industry | Furnishings, Fixtures & Appliances |
Exchange | SHE |
CurrencyCode | CNY |
Dividend Yield | 3.9% |
---|---|
Market Cap | 588B |
PE Ratio | 13.42 |
Target Price | 91.9278 |
Beta | 0.95 |
Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through four segments: Heating & Ventilation, as well as Air-Conditioner; Consumer Appliances; Robotics and Automation system; and Others. The company offers residential air-conditioner, central air-conditioner, heating and ventilation systems, kitchen appliances, refrigerators, washing machines, various small appliances, elevators, variable frequency drives, medical imaging products, and robotics and automation system It also provides core components, such as compressors, motors, chips, valves, reducers, auto parts, motion control and automation, high and low-voltage variable frequency drive, energy storage and cooling modules under the GMCC, Welling, CLOU Electronics, HICONICS, SERVOTRONIX, MR, MOTINOVA, MSCT, TOSHIBA, and SUNYE brand name. In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields and related solutions for health care, entertainment, new consumption, etc.; as well as smart supply chain solutions. Further, the company engages in sale, wholesale, and processing of raw materials of household electrical appliances; and the provision of financial services, such as customer deposit, interbank lending and borrowing, consumption credit, buyer's credit, and finance leasing services. Additionally, it provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China.
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