Many friends are discussing that Gree and Midea are both very high-quality e
Many friends are discussing that Gree and Midea are both very high-quality enterprises in domestic manufacturing. Who will be the leader of white electricity industry in the future?
In the past 24 years, no matter how hard the United States tries, it just can't surpass Gree and become a foil. But by 20 19, this situation has finally changed! Gree, the big white horse, slowed down, but the beauty rose and overtook the corner!
The first is because Gree's products are too single. Gree is an enterprise focusing on air conditioning. Air conditioning is greatly influenced by real estate regulation, so the overall demand is relatively weak. In contrast, the United States is diversified, and the United States has been transforming into the industrial field. Its small household appliances business and industrial robot business have a very good track, and small household appliances are very suitable for public life and consumption. For example, why Gree did not enter the field of beauty is because Gree's dealer model is not very successful in the field of small household appliances and aperiodic household appliances, so the moat of beauty is deeper.
Secondly, the air-conditioning price war is not a good thing for Gree, which reduces the profit margin.
Thirdly, Gree is in the year of equity transfer, so it is inevitable to relax the product strategy.
Therefore, under this series of factors, Gree's position has been shaken by beauty!
Brother Dong thinks that Gree may be neck and neck in three years, but the financial statements have shown some data, which shows that a company may be the leader!
Today, let's compare the financial fundamentals carefully:
What's the point:
3.2 yuan with beautiful earnings per share, Gree 3.68, excellent Gree.
Net profit growth rate: Midea 19.08%, Gree 4.73%, which is better than Midea.
ROE: Midea is 23.4, Gree is 23.02, and Midea wins.
It is predicted that the net profit will increase year-on-year: Midea 17.83%, Gree 7.49%, and Midea wins.
Market value: Midea is 371300 million, Gree is 350.2 billion, and Midea is 20 billion more.
Monetary funds: Midea's 52.4 billion, Gree136.2 billion, and Gree has strong liquidity.
Asset-liability ratio: Midea 63.42%, Gree 64.92%, basically the same.
Dividend: Dividend for more than 6 consecutive years. Gree has many years and is a rising star of beauty.
The market value is already 20 billion more than Gree. Brother Dong often talks about low valuation and high growth. Looking at the overall situation, the growth rate of Midea is very good, which greatly exceeds the growth of Gree. The net value of production and return is not bad. At present, PE is really reasonable. Although the external environment is really not so good, I am optimistic about beauty.
In the small household appliances business and industrial robot business, Midea's track is very good, so we continue to be optimistic about the future of Midea. Whether the pattern of beauty surpassing Gree can be reversed depends on Gree itself!