XHKG3990
Market cap537mUSD
Dec 27, Last price
2.92HKD
1D
-0.68%
1Q
-14.62%
IPO
-81.98%
Name
Midea Real Estate Holding Ltd
Chart & Performance
P/E
4.30
P/S
0.05
EPS
0.64
Div Yield, %
11.42%
Shrs. gr., 5y
5.80%
Rev. gr., 5y
19.55%
Revenues
73.56b
-0.09%
Net income
914m
-74.46%
CFO
3.63b
+19.40%
Dividend
Sep 09, 20245.9 HKD/sh
Earnings
May 23, 2025
Profile
Midea Real Estate Holding Limited, an investment holding company, operates as a property developer in the People's Republic of China. The company operates through four segments: Property Development and Sales; Property Management Services; Investment and Operation of Commercial Properties; and Real Estate Technologies. It develops and sells residential and industrial properties, as well as provides property management services; and invests in and operates commercial properties, such as urban complexes, community centers, long-term rental apartments, hotel, and cultural-tourism projects. The company also offers smart home and smart communities services; and process design consultation and integrated design services. In addition, it is involved in prefabricated construction. Midea Real Estate Holding Limited was founded in 2004 and is headquartered in Foshan, the People's Republic of China. Midea Real Estate Holding Limited is a subsidiary of Midea Development Holding (BVI) Limited.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
| Income | |||||||||
Revenues | 73,564,495 -0.09% | 73,630,848 -0.10% | 73,703,098 40.43% | ||||||
Cost of revenue | 69,159,151 | 66,841,974 | 66,252,692 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 4,405,344 | 6,788,874 | 7,450,406 | ||||||
NOPBT Margin | 5.99% | 9.22% | 10.11% | ||||||
Operating Taxes | 2,361,910 | 3,311,232 | 3,416,710 | ||||||
Tax Rate | 53.61% | 48.77% | 45.86% | ||||||
NOPAT | 2,043,434 | 3,477,642 | 4,033,696 | ||||||
Net income | 913,584 -74.46% | 3,576,773 -32.55% | 5,302,810 22.57% | ||||||
Dividends | (477,262) | (403,054) | (1,631,135) | ||||||
Dividend yield | 6.43% | 2.60% | 10.92% | ||||||
Proceeds from repurchase of equity | (42,086) | 29,527,631 | |||||||
BB yield | 0.27% | -197.61% | |||||||
| Debt | |||||||||
Debt current | 12,288,336 | 13,746,123 | 15,424,335 | ||||||
Long-term debt | 25,976,884 | 35,018,707 | 41,357,933 | ||||||
Deferred revenue | 34,773,361 | 40,988,485 | |||||||
Other long-term liabilities | (34,773,361) | (40,988,485) | |||||||
Net debt | (7,892,382) | 1,703,928 | 2,050,345 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 3,634,835 | 3,044,363 | 3,207,180 | ||||||
CAPEX | (162,818) | (207,040) | (159,001) | ||||||
Cash from investing activities | 4,647,077 | 5,382,329 | 3,439,596 | ||||||
Cash from financing activities | (12,578,784) | (12,947,545) | 1,059,860 | ||||||
FCF | 3,871,849 | 4,485,139 | 14,425,687 | ||||||
| Balance | |||||||||
Cash | 22,026,946 | 21,883,674 | 26,292,051 | ||||||
Long term investments | 24,130,656 | 25,177,228 | 28,439,872 | ||||||
Excess cash | 42,479,377 | 43,379,360 | 51,046,768 | ||||||
Stockholders' equity | 46,186,997 | 46,953,089 | 44,941,957 | ||||||
Invested Capital | 45,806,462 | 45,226,224 | 50,382,764 | ||||||
ROIC | 4.49% | 7.27% | 7.62% | ||||||
ROCE | 4.97% | 7.62% | 7.75% | ||||||
| EV | |||||||||
Common stock shares outstanding | 1,381,299 | 1,288,488 | 1,232,844 | ||||||
Price | 5.37 -55.40% | 12.04 -0.66% | 12.12 -29.12% | ||||||
Market cap | 7,417,576 -52.19% | 15,513,396 3.82% | 14,942,069 -28.99% | ||||||
EV | 24,334,627 | 43,399,136 | 42,048,662 | ||||||
EBITDA | 4,537,860 | 6,942,259 | 7,630,599 | ||||||
EV/EBITDA | 5.36 | 6.25 | 5.51 | ||||||
Interest | 1,959,182 | ||||||||
Interest/NOPBT | 28.86% | ||||||||