Midea Group
Leading consumer appliances, heating, ventilation and air-conditioning systems manufacturer.
Launch date
Employees
Market cap
€55.5b
Enterprise valuation
€51.7b (Public information from Sep 2024)
Share price
CNY65.61 000333.SZ
Guangnan Guangxi (HQ)
Financials
Estimates*
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 285.7b | 343.4b | 345.7b | 373.7b | 405.3b | 436.5b | 467.6b |
| % growth | 2 % | 20 % | 1 % | 8 % | 8 % | 8 % | 7 % |
| EBITDA | 34.0b | 35.9b | 38.1b | 44.0b | 46.9b | 51.1b | 55.3b |
| % EBITDA margin | 12 % | 10 % | 11 % | 12 % | 12 % | 12 % | 12 % |
| Profit | 27.2b | 28.6b | 29.6b | 33.7b | 37.4b | 41.1b | 45.0b |
| % profit margin | 10 % | 8 % | 9 % | 9 % | 9 % | 9 % | 10 % |
| EV / revenue | 2.3x | 1.4x | 1.1x | 1.0x | 1.0x | 0.9x | 0.8x |
| EV / EBITDA | 19.6x | 13.6x | 9.6x | 8.4x | 8.3x | 7.5x | 6.5x |
| R&D budget | 10.1b | 12.0b | 12.6b | 14.6b | - | - | - |
| R&D % of revenue | 4 % | 3 % | 4 % | 4 % | - | - | - |
Source: Dealroom estimates
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
* | N/A | $3.5b | Post IPO Equity |
| Total Funding | - | ||
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ACQUISITION by Midea Group Jul 2016
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ACQUISITION by Midea Group Jun 2016
ACQUISITION by Midea Group Apr 2022