Midea's revenue dropped 4% year on year in third-quarter 2026, with tepid domestic home appliance sales partly offset by growth in building technology and robotic revenue. Operating margin improved to 12.7% from 12.4% a year ago, supported by marketing and research cost optimization.
Upgrade and replacement demand will continue to support sales of home appliances, and Midea should benefit more than its peers, given its leading position in the industry.
China’s worsening real estate sector would further weigh on demand for domestic home appliances.
Metric | 00300 | 600690 | TT |
|---|---|---|---|
Price/Earnings (Normalized) | 17.50 | 11.87 | 27.42 |
Price/Book Value | 2.93 | 1.63 | 9.66 |
Price/Sales | 1.45 | 0.69 | 3.85 |
Price/Cash Flow | 18.38 | 10.47 | 23.23 |
Metric | 00300 | 600690 | TT |
|---|---|---|---|
Quick Ratio | 0.57 | 0.66 | 0.69 |
Current Ratio | 1.26 | 1.13 | 1.12 |
Interest Coverage | 28.62 | 10.66 | 19.03 |
Metric | 00300 | 600690 | TT |
|---|---|---|---|
Return on Assets (Normalized) | 5.33% | 4.84% | 14.37% |
Return on Equity (Normalized) | 14.79% | 11.98% | 37.70% |
Return on Invested Capital (Normalized) | 9.44% | 8.38% | 25.92% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| iRobot Corp IRBTQ | LOCK|Vlmm>t# | LOCK|vrP$ | — | |||
| Midea Group Co Ltd ADR MGCLY | — | LOCK|yvzwx | $102B | |||
| SharkNinja Inc SN | — | LOCK|?!<yC | $31B | |||
| Haier Smart Home Co Ltd ADR HSHCY | — | LOCK|$>Zc | $28B | |||
| Haier Smart Home Co Ltd Class H HRSHF | — | LOCK|G^pYk | $28B | |||
| Somnigroup International Inc SGI | — | LOCK|@&?l | $15B | |||
| Nitori Holdings Co Ltd ADR NCLTY | — | LOCK|>P#? | $12B | |||
| Nitori Holdings Co Ltd NCLTF | — | LOCK|FwNhc | $12B | |||
| Mohawk Industries Inc MHK | LOCK|$st%fNY | LOCK|WSj | $9B | |||
| Howden Joinery Group PLC HWDJF | — | LOCK|q%?D | $6B |
United States