- Gree Electric’s net income for the third quarter was 7.42 billion yuan, beating the estimated 7.14 billion yuan.
- The net income has seen an increase by 8.5%.
- Revenue for the third quarter stood at 55.77 billion yuan.
- The Earnings Per Share (EPS) for the third quarter was 1.32 yuan.
- For the nine month period, the net income was 20.09 billion yuan.
- The net income for nine months has seen an increase by 9.77%.
- The revenue for the nine months was 155 billion yuan.
- The Earnings Per Share (EPS) for the nine months was 3.58 yuan.
- Out of 39 ratings, Gree Electric received 34 buys, 2 holds, and 3 sells.
Gree Electric Appliances on Smartkarma
Steve Zhou, CFA, an independent analyst on Smartkarma, recently published a research report on Gree Electric Appliances (000651 CH). In the report, Zhou highlighted the company’s strong fundamentals and rerating potential in a low-interest rate environment in China. Zhou pointed out that Gree’s resiliency of earnings is under-appreciated by the market, making rerating possible.
In the report, Zhou noted that Gree’s investment case rests on stable earnings growth and high dividend payout and yield, which works well in a low interest rate environment in China. He added that Gree Electric Appliances trades at the lowest valuation multiple among the three major home appliance companies in China, at 7x forward PE and 7% forward yield.
A look at Gree Electric Appliances Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Gree Electric Appliances, Inc. of Zhuhai is a leading producer of air conditioners and air purifiers, with a range of different types of air conditioners to choose from. The company’s outlook is positive, as indicated by its Smartkarma Smart Scores, which rate Value at 4, Dividend at 5, Growth at 4, Resilience at 5, and Momentum at 4. This suggests that Gree Electric Appliances is in a strong position for the future, with reliable dividend payments, a stable growth rate and resilient long-term prospects.
Gree Electric Appliances is a leader in the air conditioning and air purification industry, offering a wide range of products to meet the needs of their customers. With a long-term outlook that is positive and secure, the company is well-positioned to continue to be a leading player in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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