Midea Group Co.
1968
FOUNDED
PUBLIC
STATUS
>100K
EMPLOYEES
000333
STOCK SYMBOL
18
INVESTMENTS
$8.06
SHARE PRICE
(As of Thursday Closing)
Description
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. The firm is also involved in industrial automation systems through its 94.55% stake in Kuka, a leading global player in the industry based in Germany. Heating, ventilation, and air-conditioning, or HVAC, products accounted for 42% of Midea's total revenue in 2018, followed by other consumer appliances (40%) and robotics and automation systems (10%). In addition, more than 40% of the group's sales is ex-China.
Primary Industry
Household Appliances
Other Industries
Other Commercial Products
Stock Exchange
SHE
Primary Office
- Number 6 Midea Avenue
- Beijiao, Shunde
- Foshan, Guangdong 528311
- China
+86 0757 0000 0000
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Midea Group Co. Stock Performance
| 52 wk Range | Market Cap | Prev. Close | EPS | Average Volume | Shares |
|---|---|---|---|---|---|
| $5.21 - $8.71 | $55.9B | $8.07 | $0.52 | 25.5M | 6.94B |
Midea Group Co. Financials Summary
|
In Thousands,
USD |
TTM
30-Sep-2019
|
FY 2018
31-Dec-2018
|
FY 2017
31-Dec-2017
|
FY 2016
31-Dec-2016
|
|---|---|---|---|---|
| Enterprise Value | 51,299,300 | 35,734,420 | 56,994,530 | 26,100,683 |
| Revenue | 39,967,239 | 39,252,280 | 35,619,130 | 23,877,511 |
| EBITDA | 3,855,790 | 3,379,492 | 3,092,523 | 2,787,160 |
| Net Income | 3,438,847 | 3,058,189 | 2,557,534 | 2,204,584 |
| Total Assets | 40,046,041 | 38,334,227 | 38,002,548 | 24,568,782 |
| Total Debt | 6,084,697 | 4,791,660 | 6,145,717 | 1,454,181 |
Public Fundamental Data provided by Morningstar, Inc.
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Midea Group Co. Valuation and Funding
| Deal Type | Date | Amount | Post-Val | Valuation/ EBITDA |
Debt | Status |
|---|
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Request full access to PitchBookMidea Group Co. Competitors (16)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Haier Group | Corporation | Qingdao, China | 00000 | 00000 | 00000000000 | 00000 |
| 00000 | Formerly PE-Backed | Hong Kong, Hong Kong | 00000 | 00000 | 00000000000 | 00000 |
| 000000 00000000000 | Corporation | Richardson, TX | 00000 | |||
| 0000000 | Corporate Backed or Acquired | Velenje, Slovenia | 00000 | 000000&0 | ||
| 000000 00000000000 | Corporation | Gillingham, United Kingdom | 00000 | 00000000 |
Midea Group Co. Investments & Acquisitions (18)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 00000000000 | 02-Sep-2019 | 00000 00000 00 | Computers, Parts and Peripherals | ||
| 00000 | 29-Aug-2019 | 00000 00000 00 | Machinery (B2B) | ||
| 0000000 | 18-Jul-2019 | 00000 00000 00 | 00.000 | Business/Productivity Software | |
| 0000 000000 0000 | 24-Oct-2018 | 000000000 00000000 | 00.000 | Electronics (B2C) | |
| SoundHound | 03-May-2018 | Corporate | 00000 | Communication Software | 00000000 00 |
Midea Group Co. Subsidiaries (3)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Clivet | Machinery (B2B) | Feltre, Italy | 1989 |
| 0000000000 (000000 | Household Appliances | Peoria, IL | 0000 |
| 00000000000 000000 | Other Business Products and Services | Petah Tiqva, Israel |
Midea Group Co. Investors
| Investor Name | Investor Type | Holding | Participating Rounds | Investor Since | Board Seat | Contact Info |
|---|
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Request full access to PitchBookMidea Group Co. Executive Team (8)
3 Former Executives
You’re viewing 5 of 8 executives. Get the full list »Midea Group Co. Board Members (2)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| 0000 000000 | Midea Group Co. | Chairman & President | 000 0000 |
1 Former Board Member
You’re viewing 1 of 2 board members. Get the full list »