Added to YB: 2026-08-26
Pitch date: 2026-08-24
000333.SZ [bullish]
Midea Group Co., Ltd.
+0.31%
current return
Author Info
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Company Info
Midea Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of electrical appliance in China and internationally.
Market Cap
CNY 635.9B
Pitch Price
CNY 98.35
Price Target
N/A
Dividend
5.10%
EV/EBITDA
11.25
P/E
14.49
EV/Sales
1.33
Sector
Household Durables
Category
growth
Theoria Weekly - Gree’s 10% Shareholder Yield Looks Attractive, but I Like Midea Better
000333.SZ (update): Midea preferred over cheap Gree in China appliances: at ~14x earnings, returning near 100% of earnings (RMB10bn buybacks done in 2025, RMB13bn program for 2026), implying ~7% shareholder yield. With ~10% earnings growth and stable multiple, author models ~17% annualized return. Unlike Gree (7.5% div, ~10% total yield but AC-dependent, no growth, leadership concerns), Midea leads overseas. Risk: weak Chinese consumption and tough trade-in subsidy comps across the sector.
Read full article (2 min)