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Midea Group Co Ltd
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PenkeI guess you are interested in Midea Group Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Midea Group Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Midea Group Co Ltd (30 sec.)










What can you expect buying and holding a share of Midea Group Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
¥1.06
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
¥23.93
Expected worth in 1 year
¥26.60
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
¥10.33
Return On Investment
16.0%

For what price can you sell your share?

Current Price per Share
¥64.58
Expected price per share
¥54.80 - ¥66.65
How sure are you?
50%

1. Valuation of Midea Group Co Ltd (5 min.)




Live pricePrice per Share (EOD)

¥64.58

Intrinsic Value Per Share

¥89.71 - ¥106.02

Total Value Per Share

¥113.65 - ¥129.96

2. Growth of Midea Group Co Ltd (5 min.)




Is Midea Group Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$23.2b$19.6b$2.5b11.4%

How much money is Midea Group Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$1.1b$1b$111.1m9.8%
Net Profit Margin8.8%8.3%--

How much money comes from the company's main activities?

3. Financial Health of Midea Group Co Ltd (5 min.)




4. Comparing to competitors in the Furnishings, Fixtures & Appliances industry (5 min.)




  Industry Rankings (Furnishings, Fixtures & Appliances)  


Richest
#1 / 261

Most Revenue
#2 / 261

Most Profit
#1 / 261

What can you expect buying and holding a share of Midea Group Co Ltd? (5 min.)

Welcome investor! Midea Group Co Ltd's management wants to use your money to grow the business. In return you get a share of Midea Group Co Ltd.

What can you expect buying and holding a share of Midea Group Co Ltd?

First you should know what it really means to hold a share of Midea Group Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of Midea Group Co Ltd is ¥64.58. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Midea Group Co Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Midea Group Co Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ¥23.93. Based on the TTM, the Book Value Change Per Share is ¥0.67 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.72 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ¥1.92 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Midea Group Co Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.190.3%0.200.3%0.150.2%0.150.2%0.110.2%
Usd Book Value Change Per Share0.190.3%0.090.1%0.100.2%0.070.1%0.060.1%
Usd Dividend Per Share0.010.0%0.270.4%0.070.1%0.100.2%0.090.1%
Usd Total Gains Per Share0.210.3%0.360.6%0.170.3%0.170.3%0.150.2%
Usd Price Per Share7.68-7.61-8.32-8.37-6.55-
Price to Earnings Ratio10.20-9.68-14.80-16.49-18.47-
Price-to-Total Gains Ratio36.94-24.26-51.83-254.65-152.53-
Price to Book Ratio2.32-2.41-2.99-3.39-3.69-
Price-to-Total Gains Ratio36.94-24.26-51.83-254.65-152.53-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.937872
Number of shares111
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.270.10
Usd Book Value Change Per Share0.090.07
Usd Total Gains Per Share0.360.17
Gains per Quarter (111 shares)39.6819.31
Gains per Year (111 shares)158.7277.25
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111841149443367
2236823088966144
335312346713399221
4471164626177132298
5589205785221165375
6707246944266198452
78242871103310231529
89423281262354264606
910603691421398297683
1011784101580443330760

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%41.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%15.05.00.075.0%35.05.00.087.5%36.05.00.087.8%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%41.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%41.00.00.0100.0%

Fundamentals of Midea Group Co Ltd

About Midea Group Co Ltd

Midea Group Co., Ltd., together with its subsidiaries, manufactures and sells home appliances, and robotic and automation systems in China and internationally. It operates through four segments: Heating & Ventilation, as well as Air-Conditioner; Consumer Appliances; Robotics and Automation system; and Others. The company offers household and commercial air conditioning appliances; refrigeration, laundry, and large cooking appliances; kitchen, water, vacuum, and small domestic appliances; and lighting products. It also provides core components, such as compressors, motors, chips, variable frequency drives, servo systems, and cooling modules under the GMCC, Welling, MR, TOSHIBA, HICONICS, SUNYE, SERVOTRONIX, DORNA, etc. for household appliances, automobile industrial control, and 3C industries. In addition, the company provides building solutions; industrial robotics, automatic logistics systems, and transmission systems for future factory-related fields, as well as solutions for health care, entertainment, new consumption, etc.; software services, unmanned retail solutions, and production services; and medical imaging devices and related services, as well as smart supply chain solutions. Further, it engages in sale, wholesale, and processing of raw materials of household electrical appliances; and the provision of financial services, such as customer deposit, interbank lending and borrowing, consumption credit, buyer's credit, petty loan, factoring, and finance leasing services. Additionally, the company provides Internet of Things solutions for intelligent appliances. Midea Group Co., Ltd. was founded in 1968 and is headquartered in Foshan, China.

Fundamental data was last updated by Penke on 2024-03-23 01:40:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Midea Group Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Midea Group Co Ltd earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • A Net Profit Margin of 10.0% means that ¥0.10 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Midea Group Co Ltd:

  • The MRQ is 10.0%. The company is making a huge profit. +2
  • The TTM is 8.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ10.0%TTM8.8%+1.2%
TTM8.8%YOY8.3%+0.5%
TTM8.8%5Y8.6%+0.3%
5Y8.6%10Y8.3%+0.2%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ10.0%3.6%+6.4%
TTM8.8%2.9%+5.9%
YOY8.3%3.7%+4.6%
5Y8.6%3.5%+5.1%
10Y8.3%4.1%+4.2%
1.1.2. Return on Assets

Shows how efficient Midea Group Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • 2.0% Return on Assets means that Midea Group Co Ltd generated ¥0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Midea Group Co Ltd:

  • The MRQ is 2.0%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.0%TTM1.8%+0.2%
TTM1.8%YOY1.8%+0.0%
TTM1.8%5Y1.9%-0.1%
5Y1.9%10Y2.0%-0.1%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0%1.1%+0.9%
TTM1.8%0.9%+0.9%
YOY1.8%1.2%+0.6%
5Y1.9%1.2%+0.7%
10Y2.0%1.5%+0.5%
1.1.3. Return on Equity

Shows how efficient Midea Group Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • 6.1% Return on Equity means Midea Group Co Ltd generated ¥0.06 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Midea Group Co Ltd:

  • The MRQ is 6.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.1%TTM5.5%+0.6%
TTM5.5%YOY5.6%-0.1%
TTM5.5%5Y5.9%-0.4%
5Y5.9%10Y6.3%-0.4%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ6.1%2.4%+3.7%
TTM5.5%2.0%+3.5%
YOY5.6%2.6%+3.0%
5Y5.9%2.6%+3.3%
10Y6.3%3.0%+3.3%

1.2. Operating Efficiency of Midea Group Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Midea Group Co Ltd is operating .

  • Measures how much profit Midea Group Co Ltd makes for each ¥1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • An Operating Margin of 13.0% means the company generated ¥0.13  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Midea Group Co Ltd:

  • The MRQ is 13.0%. The company is operating less efficient.
  • The TTM is 8.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ13.0%TTM8.4%+4.6%
TTM8.4%YOY8.2%+0.2%
TTM8.4%5Y8.6%-0.3%
5Y8.6%10Y4.8%+3.9%
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ13.0%5.9%+7.1%
TTM8.4%2.9%+5.5%
YOY8.2%5.6%+2.6%
5Y8.6%5.4%+3.2%
10Y4.8%4.7%+0.1%
1.2.2. Operating Ratio

Measures how efficient Midea Group Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • An Operation Ratio of 1.61 means that the operating costs are ¥1.61 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Midea Group Co Ltd:

  • The MRQ is 1.608. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.637. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.608TTM1.637-0.028
TTM1.637YOY1.684-0.047
TTM1.6375Y1.655-0.019
5Y1.65510Y1.235+0.421
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6081.509+0.099
TTM1.6371.511+0.126
YOY1.6841.457+0.227
5Y1.6551.442+0.213
10Y1.2351.192+0.043

1.3. Liquidity of Midea Group Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Midea Group Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A Current Ratio of 1.12 means the company has ¥1.12 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Midea Group Co Ltd:

  • The MRQ is 1.121. The company is just able to pay all its short-term debts.
  • The TTM is 1.184. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.121TTM1.184-0.063
TTM1.184YOY1.196-0.012
TTM1.1845Y1.322-0.138
5Y1.32210Y0.731+0.591
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1211.611-0.490
TTM1.1841.637-0.453
YOY1.1961.684-0.488
5Y1.3221.723-0.401
10Y0.7311.568-0.837
1.3.2. Quick Ratio

Measures if Midea Group Co Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • A Quick Ratio of 0.19 means the company can pay off ¥0.19 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Midea Group Co Ltd:

  • The MRQ is 0.192. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.225. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.192TTM0.225-0.034
TTM0.225YOY0.294-0.069
TTM0.2255Y0.342-0.117
5Y0.34210Y0.405-0.063
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1920.620-0.428
TTM0.2250.629-0.404
YOY0.2940.708-0.414
5Y0.3420.744-0.402
10Y0.4050.726-0.321

1.4. Solvency of Midea Group Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Midea Group Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Midea Group Co Ltd to Furnishings, Fixtures & Appliances industry mean.
  • A Debt to Asset Ratio of 0.64 means that Midea Group Co Ltd assets are financed with 63.8% credit (debt) and the remaining percentage (100% - 63.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Midea Group Co Ltd:

  • The MRQ is 0.638. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.643. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.643-0.004
TTM0.643YOY0.651-0.009
TTM0.6435Y0.650-0.008
5Y0.65010Y0.639+0.011
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6380.488+0.150
TTM0.6430.488+0.155
YOY0.6510.497+0.154
5Y0.6500.475+0.175
10Y0.6390.460+0.179
1.4.2. Debt to Equity Ratio

Measures if Midea Group Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • A Debt to Equity ratio of 190.0% means that company has ¥1.90 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Midea Group Co Ltd:

  • The MRQ is 1.900. The company is just able to pay all its debts with equity.
  • The TTM is 1.927. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.900TTM1.927-0.028
TTM1.927YOY2.016-0.088
TTM1.9275Y2.000-0.073
5Y2.00010Y1.974+0.026
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9000.956+0.944
TTM1.9270.956+0.971
YOY2.0160.987+1.029
5Y2.0000.973+1.027
10Y1.9740.941+1.033

2. Market Valuation of Midea Group Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings Midea Group Co Ltd generates.

  • Above 15 is considered overpriced but always compare Midea Group Co Ltd to the Furnishings, Fixtures & Appliances industry mean.
  • A PE ratio of 10.20 means the investor is paying ¥10.20 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Midea Group Co Ltd:

  • The EOD is 11.870. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.197. Based on the earnings, the company is underpriced. +1
  • The TTM is 9.683. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.870MRQ10.197+1.673
MRQ10.197TTM9.683+0.514
TTM9.683YOY14.803-5.121
TTM9.6835Y16.486-6.804
5Y16.48610Y18.475-1.989
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD11.87010.091+1.779
MRQ10.19710.1970.000
TTM9.68311.524-1.841
YOY14.80313.694+1.109
5Y16.48615.673+0.813
10Y18.47518.976-0.501
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Midea Group Co Ltd:

  • The EOD is 8.314. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 7.142. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 16.713. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD8.314MRQ7.142+1.172
MRQ7.142TTM16.713-9.571
TTM16.713YOY14.481+2.233
TTM16.7135Y16.909-0.195
5Y16.90910Y13.901+3.007
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD8.3143.932+4.382
MRQ7.1423.411+3.731
TTM16.7132.115+14.598
YOY14.4811.097+13.384
5Y16.9092.442+14.467
10Y13.9012.588+11.313
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Midea Group Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Furnishings, Fixtures & Appliances industry mean).
  • A PB ratio of 2.32 means the investor is paying ¥2.32 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Midea Group Co Ltd:

  • The EOD is 2.698. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.318. Based on the equity, the company is underpriced. +1
  • The TTM is 2.415. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.698MRQ2.318+0.380
MRQ2.318TTM2.415-0.097
TTM2.415YOY2.987-0.572
TTM2.4155Y3.388-0.973
5Y3.38810Y3.690-0.302
Compared to industry (Furnishings, Fixtures & Appliances)
PeriodCompanyIndustry (mean)+/- 
EOD2.6981.596+1.102
MRQ2.3181.582+0.736
TTM2.4151.620+0.795
YOY2.9871.848+1.139
5Y3.3881.928+1.460
10Y3.6902.167+1.523
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Midea Group Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.3980.667+110%0.723+93%0.537+160%0.462+202%
Book Value Per Share--23.93222.791+5%20.260+18%18.229+31%13.648+75%
Current Ratio--1.1211.184-5%1.196-6%1.322-15%0.731+53%
Debt To Asset Ratio--0.6380.643-1%0.651-2%0.650-2%0.6390%
Debt To Equity Ratio--1.9001.927-1%2.016-6%2.000-5%1.974-4%
Dividend Per Share--0.1041.916-95%0.474-78%0.720-86%0.615-83%
Eps--1.3601.421-4%1.109+23%1.057+29%0.795+71%
Free Cash Flow Per Share--1.9421.523+27%1.122+73%1.161+67%1.422+37%
Free Cash Flow To Equity Per Share--0.950-0.383+140%0.547+74%0.420+126%1.460-35%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--106.024--------
Intrinsic Value_10Y_min--89.715--------
Intrinsic Value_1Y_max--5.580--------
Intrinsic Value_1Y_min--5.478--------
Intrinsic Value_3Y_max--20.610--------
Intrinsic Value_3Y_min--19.599--------
Intrinsic Value_5Y_max--40.275--------
Intrinsic Value_5Y_min--37.052--------
Market Cap450114193233.920+13%390067188062.320386061219509.743+1%420601655029.863-7%423752866930.832-8%330794609935.048+18%
Net Profit Margin--0.1000.088+14%0.083+20%0.086+17%0.083+21%
Operating Margin--0.1300.084+55%0.082+59%0.086+50%0.048+172%
Operating Ratio--1.6081.637-2%1.684-4%1.655-3%1.235+30%
Pb Ratio2.698+14%2.3182.415-4%2.987-22%3.388-32%3.690-37%
Pe Ratio11.870+14%10.1979.683+5%14.803-31%16.486-38%18.475-45%
Price Per Share64.580+14%55.48055.003+1%60.128-8%60.489-8%47.306+17%
Price To Free Cash Flow Ratio8.314+14%7.14216.713-57%14.481-51%16.909-58%13.901-49%
Price To Total Gains Ratio43.003+14%36.94324.264+52%51.828-29%254.646-85%152.531-76%
Quick Ratio--0.1920.225-15%0.294-35%0.342-44%0.405-53%
Return On Assets--0.0200.018+12%0.018+13%0.019+7%0.020+0%
Return On Equity--0.0610.055+11%0.056+8%0.059+3%0.063-4%
Total Gains Per Share--1.5022.583-42%1.197+25%1.257+19%1.077+39%
Usd Book Value--23287496368.80022139616491.400+5%19616454430.000+19%17671220154.520+32%13208285065.378+76%
Usd Book Value Change Per Share--0.1930.092+110%0.100+93%0.074+160%0.064+202%
Usd Book Value Per Share--3.3123.154+5%2.804+18%2.523+31%1.889+75%
Usd Dividend Per Share--0.0140.265-95%0.066-78%0.100-86%0.085-83%
Usd Eps--0.1880.197-4%0.154+23%0.146+29%0.110+71%
Usd Free Cash Flow--1889613952.0001480728452.000+28%1086377720.000+74%1125007637.360+68%1374629007.276+37%
Usd Free Cash Flow Per Share--0.2690.211+27%0.155+73%0.161+67%0.197+37%
Usd Free Cash Flow To Equity Per Share--0.132-0.053+140%0.076+74%0.058+126%0.202-35%
Usd Market Cap62295804343.575+13%53985298827.82553430872780.148+1%58211269056.133-7%58647396783.227-8%45781974015.011+18%
Usd Price Per Share8.938+14%7.6787.612+1%8.322-8%8.372-8%6.547+17%
Usd Profit--1312750296.0001134916918.200+16%1023755906.600+28%966096833.480+36%740391644.078+77%
Usd Revenue--13090431689.60012674440422.200+3%12185871018.400+7%11060164668.640+18%8690189721.344+51%
Usd Total Gains Per Share--0.2080.357-42%0.166+25%0.174+19%0.149+39%
 EOD+4 -4MRQTTM+25 -10YOY+27 -85Y+27 -810Y+26 -9

3.2. Fundamental Score

Let's check the fundamental score of Midea Group Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.870
Price to Book Ratio (EOD)Between0-12.698
Net Profit Margin (MRQ)Greater than00.100
Operating Margin (MRQ)Greater than00.130
Quick Ratio (MRQ)Greater than10.192
Current Ratio (MRQ)Greater than11.121
Debt to Asset Ratio (MRQ)Less than10.638
Debt to Equity Ratio (MRQ)Less than11.900
Return on Equity (MRQ)Greater than0.150.061
Return on Assets (MRQ)Greater than0.050.020
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Midea Group Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.024
Ma 20Greater thanMa 5063.827
Ma 50Greater thanMa 10060.714
Ma 100Greater thanMa 20056.509
OpenGreater thanClose64.230
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Interest Income  304,0181,480,0991,784,117-1,073,520710,597326,5701,037,167-1,123,281-86,114



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets465,019,979
Total Liabilities296,757,722
Total Stockholder Equity156,226,891
 As reported
Total Liabilities 296,757,722
Total Stockholder Equity+ 156,226,891
Total Assets = 465,019,979

Assets

Total Assets465,019,979
Total Current Assets273,261,478
Long-term Assets191,758,501
Total Current Assets
Cash And Cash Equivalents 68,099,578
Short-term Investments 10,961,011
Net Receivables 35,752,203
Inventory 33,379,154
Other Current Assets 91,894,355
Total Current Assets  (as reported)273,261,478
Total Current Assets  (calculated)240,086,301
+/- 33,175,177
Long-term Assets
Property Plant Equipment 37,541,388
Goodwill 29,954,519
Intangible Assets 18,378,522
Long-term Assets Other 67,912,424
Long-term Assets  (as reported)191,758,501
Long-term Assets  (calculated)153,786,853
+/- 37,971,648

Liabilities & Shareholders' Equity

Total Current Liabilities243,834,996
Long-term Liabilities52,922,726
Total Stockholder Equity156,226,891
Total Current Liabilities
Short Long Term Debt 12,494,727
Accounts payable 90,076,284
Other Current Liabilities 72,366,510
Total Current Liabilities  (as reported)243,834,996
Total Current Liabilities  (calculated)174,937,521
+/- 68,897,475
Long-term Liabilities
Long term Debt 41,965,406
Capital Lease Obligations Min Short Term Debt1,982,211
Long-term Liabilities Other 700,105
Long-term Liabilities  (as reported)52,922,726
Long-term Liabilities  (calculated)44,647,722
+/- 8,275,004
Total Stockholder Equity
Retained Earnings 130,207,384
Total Stockholder Equity (as reported)156,226,891
Total Stockholder Equity (calculated)130,207,384
+/- 26,019,507
Other
Capital Stock7,030,771
Common Stock Shares Outstanding 7,030,771
Net Invested Capital 210,687,024
Net Working Capital 29,426,482
Property Plant and Equipment Gross 37,541,388



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302012-12-312012-06-30
> Total Assets 
97,932,202
87,736,527
94,572,049
97,592,822
96,946,025
113,773,421
118,089,558
115,822,867
120,292,088
135,830,928
141,782,687
134,346,267
128,841,935
147,922,589
167,502,747
162,991,610
170,600,711
225,914,387
231,016,492
242,183,276
248,106,858
252,566,526
250,997,801
256,651,139
263,701,148
278,910,215
284,033,825
285,289,199
301,955,419
301,668,584
334,662,664
350,443,450
360,382,603
369,174,526
380,211,202
376,333,770
387,946,104
407,842,387
413,104,145
417,453,076
422,555,267
441,087,159
462,739,635
465,019,979
465,019,979462,739,635441,087,159422,555,267417,453,076413,104,145407,842,387387,946,104376,333,770380,211,202369,174,526360,382,603350,443,450334,662,664301,668,584301,955,419285,289,199284,033,825278,910,215263,701,148256,651,139250,997,801252,566,526248,106,858242,183,276231,016,492225,914,387170,600,711162,991,610167,502,747147,922,589128,841,935134,346,267141,782,687135,830,928120,292,088115,822,867118,089,558113,773,42196,946,02597,592,82294,572,04987,736,52797,932,202
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
172,206,557
175,514,630
182,689,438
200,662,370
198,961,260
200,087,131
216,482,692
215,843,936
230,836,732
245,480,988
241,655,325
247,573,439
259,639,879
259,137,447
248,864,505
263,260,854
275,817,073
269,889,620
261,099,271
274,177,678
280,301,716
273,261,478
273,261,478280,301,716274,177,678261,099,271269,889,620275,817,073263,260,854248,864,505259,137,447259,639,879247,573,439241,655,325245,480,988230,836,732215,843,936216,482,692200,087,131198,961,260200,662,370182,689,438175,514,630172,206,5570000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
45,087,756
42,488,845
27,888,280
29,004,072
35,890,088
52,428,387
70,916,841
78,514,856
53,027,194
66,489,543
81,210,482
86,223,870
63,426,726
55,870,709
71,875,556
69,846,860
76,701,938
63,154,762
55,270,099
58,975,173
71,734,919
68,099,578
68,099,57871,734,91958,975,17355,270,09963,154,76276,701,93869,846,86071,875,55655,870,70963,426,72686,223,87081,210,48266,489,54353,027,19478,514,85670,916,84152,428,38735,890,08829,004,07227,888,28042,488,84545,087,7560000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,021,057
0
71,923,516
5,170,374
3,433,401
923,636
1,087,351
1,230,972
1,469,263
2,354,788
28,239,601
17,847,023
4,223,668
11,219,571
5,879,202
5,759,640
3,265,641
3,521,607
3,284,593
7,949,326
8,194,001
10,961,011
10,961,0118,194,0017,949,3263,284,5933,521,6073,265,6415,759,6405,879,20211,219,5714,223,66817,847,02328,239,6012,354,7881,469,2631,230,9721,087,351923,6363,433,4015,170,37471,923,516042,021,0570000000000000000000000
       Net Receivables 
31,166,270
23,372,344
27,029,615
27,693,079
23,130,229
40,012,342
37,028,391
38,828,470
35,753,292
51,517,317
52,016,483
47,957,645
30,970,913
38,185,118
40,363,854
36,419,914
32,295,529
38,766,972
44,589,408
45,897,187
43,219,464
48,915,089
54,817,101
46,277,512
46,246,228
38,877,726
23,017,823
20,260,192
44,580,485
44,285,695
58,801,119
63,221,948
64,864,591
70,228,442
74,542,363
74,947,597
67,770,252
29,667,624
72,738,624
69,747,812
28,237,973
35,551,438
82,633,449
35,752,203
35,752,20382,633,44935,551,43828,237,97369,747,81272,738,62429,667,62467,770,25274,947,59774,542,36370,228,44264,864,59163,221,94858,801,11944,285,69544,580,48520,260,19223,017,82338,877,72646,246,22846,277,51254,817,10148,915,08943,219,46445,897,18744,589,40838,766,97232,295,52936,419,91440,363,85438,185,11830,970,91347,957,64552,016,48351,517,31735,753,29238,828,47037,028,39140,012,34223,130,22927,693,07927,029,61523,372,34431,166,270
       Other Current Assets 
6,988,235
5,172,787
7,894,333
9,492,070
10,665,531
2,444,494
2,490,280
24,674,212
3,377,797
30,235,628
3,962,465
33,538,986
4,302,196
45,342,615
4,929,098
42,338,164
4,820,012
50,001,632
6,621,584
52,042,430
7,526,045
43,639,756
6,557,305
62,323,338
6,338,748
97,912,750
90,137,478
81,539,292
4,294,133
67,453,866
3,555,843
89,283,957
7,171,677
38,568,473
6,581,061
80,279,458
10,005,052
68,735,022
31,179,283
92,742,273
98,234,212
104,929,959
34,648,275
91,894,355
91,894,35534,648,275104,929,95998,234,21292,742,27331,179,28368,735,02210,005,05280,279,4586,581,06138,568,4737,171,67789,283,9573,555,84367,453,8664,294,13381,539,29290,137,47897,912,7506,338,74862,323,3386,557,30543,639,7567,526,04552,042,4306,621,58450,001,6324,820,01242,338,1644,929,09845,342,6154,302,19633,538,9863,962,46530,235,6283,377,79724,674,2122,490,2802,444,49410,665,5319,492,0707,894,3335,172,7876,988,235
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78,247,845
85,072,565
85,202,068
85,472,727
85,824,648
103,825,932
104,962,462
118,727,278
121,601,087
120,571,323
117,196,323
139,081,599
144,581,533
137,287,072
147,563,456
161,455,996
166,909,481
182,437,919
191,758,501
191,758,501182,437,919166,909,481161,455,996147,563,456137,287,072144,581,533139,081,599117,196,323120,571,323121,601,087118,727,278104,962,462103,825,93285,824,64885,472,72785,202,06885,072,56578,247,8450000000000000000000000000
       Property Plant Equipment 
21,521,609
21,853,225
21,133,714
20,630,091
23,416,690
20,377,228
20,248,101
20,119,004
20,183,696
19,790,844
19,531,214
19,438,111
19,684,642
19,497,089
22,041,486
21,887,176
21,637,520
23,714,704
23,484,090
23,369,282
23,480,300
23,369,065
23,819,184
24,219,064
24,514,833
24,007,076
22,913,923
22,856,912
22,859,332
22,724,058
23,866,392
23,699,654
23,716,516
25,514,429
26,283,644
26,693,359
27,841,132
0
29,321,349
30,287,299
32,266,647
32,734,944
36,438,916
37,541,388
37,541,38836,438,91632,734,94432,266,64730,287,29929,321,349027,841,13226,693,35926,283,64425,514,42923,716,51623,699,65423,866,39222,724,05822,859,33222,856,91222,913,92324,007,07624,514,83324,219,06423,819,18423,369,06523,480,30023,369,28223,484,09023,714,70421,637,52021,887,17622,041,48619,497,08919,684,64219,438,11119,531,21419,790,84420,183,69620,119,00420,248,10120,377,22823,416,69020,630,09121,133,71421,853,22521,521,609
       Goodwill 
0
0
0
0
0
2,931,004
2,931,004
2,931,004
2,931,791
2,931,791
2,957,620
2,948,595
2,393,066
2,393,066
4,862,150
4,862,150
5,730,995
27,314,731
28,418,164
28,620,233
28,903,785
28,721,347
28,494,163
29,622,253
29,100,390
28,178,411
29,103,917
28,996,310
28,207,065
28,151,704
28,932,790
28,938,227
29,557,218
28,365,224
29,331,780
28,857,740
27,874,752
27,370,595
27,110,127
27,075,391
28,548,653
28,733,337
30,925,071
29,954,519
29,954,51930,925,07128,733,33728,548,65327,075,39127,110,12727,370,59527,874,75228,857,74029,331,78028,365,22429,557,21828,938,22728,932,79028,151,70428,207,06528,996,31029,103,91728,178,41129,100,39029,622,25328,494,16328,721,34728,903,78528,620,23328,418,16427,314,7315,730,9954,862,1504,862,1502,393,0662,393,0662,948,5952,957,6202,931,7912,931,7912,931,0042,931,0042,931,00400000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,798,382
5,034,399
4,620,194
3,585,146
4,040,401
4,157,489
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000004,157,4894,040,4013,585,1464,620,1945,034,3994,798,3820000000000000000000000
       Intangible Assets 
6,873,091
7,145,219
6,982,956
6,933,550
93,812
6,418,338
6,409,669
6,400,533
6,363,750
6,312,172
6,222,988
6,286,453
5,785,468
5,764,760
10,933,739
10,848,376
12,599,533
43,970,570
44,730,406
44,630,322
44,070,821
43,670,047
15,034,199
15,589,465
16,186,675
15,657,203
12,174,926
15,783,449
15,484,179
15,358,682
15,630,140
15,349,286
15,422,393
16,588,979
17,837,150
17,651,834
17,173,072
16,846,723
16,774,398
16,584,060
16,908,915
16,690,265
18,953,786
18,378,522
18,378,52218,953,78616,690,26516,908,91516,584,06016,774,39816,846,72317,173,07217,651,83417,837,15016,588,97915,422,39315,349,28615,630,14015,358,68215,484,17915,783,44912,174,92615,657,20316,186,67515,589,46515,034,19943,670,04744,070,82144,630,32244,730,40643,970,57012,599,53310,848,37610,933,7395,764,7605,785,4686,286,4536,222,9886,312,1726,363,7506,400,5336,409,6696,418,33893,8126,933,5506,982,9567,145,2196,873,091
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,367,519
6,164,949
4,845,628
4,947,603
5,264,409
19,854,249
44,461,017
11,255,879
10,569,711
11,231,669
11,447,511
36,374,356
39,590,496
31,688,080
38,054,697
42,840,079
51,760,180
58,503,009
67,912,424
67,912,42458,503,00951,760,18042,840,07938,054,69731,688,08039,590,49636,374,35611,447,51111,231,66910,569,71111,255,87944,461,01719,854,2495,264,4094,947,6034,845,6286,164,9491,367,5190000000000000000000000000
> Total Liabilities 
67,485,052
54,571,042
58,467,452
59,599,290
57,865,462
72,068,539
75,931,454
71,648,047
74,560,633
86,452,193
89,333,262
80,275,636
72,810,313
86,940,164
104,843,619
97,044,256
101,624,015
151,484,127
156,021,600
161,929,547
165,181,687
164,659,394
163,059,199
164,667,867
171,246,631
179,442,233
185,431,822
180,927,263
194,459,322
190,087,022
222,300,563
230,314,458
236,145,503
244,805,398
256,756,416
248,028,302
253,121,028
264,979,797
272,705,675
268,589,662
270,631,465
279,642,424
304,497,120
296,757,722
296,757,722304,497,120279,642,424270,631,465268,589,662272,705,675264,979,797253,121,028248,028,302256,756,416244,805,398236,145,503230,314,458222,300,563190,087,022194,459,322180,927,263185,431,822179,442,233171,246,631164,667,867163,059,199164,659,394165,181,687161,929,547156,021,600151,484,127101,624,01597,044,256104,843,61986,940,16472,810,31380,275,63689,333,26286,452,19374,560,63371,648,04775,931,45472,068,53957,865,46259,599,29058,467,45254,571,04267,485,052
   > Total Current Liabilities 
60,398,621
50,834,775
56,682,369
58,457,850
56,680,848
69,986,213
74,147,817
70,360,901
73,142,849
85,038,505
88,624,876
79,735,796
72,003,849
86,157,143
92,966,571
85,196,943
89,184,000
133,413,998
137,711,491
114,918,493
119,091,857
118,960,005
124,176,227
123,320,548
130,231,088
135,683,778
133,923,878
129,405,499
144,318,484
140,242,822
176,099,870
184,335,744
184,150,502
187,844,874
196,649,863
188,736,517
222,851,476
232,442,472
233,015,906
199,822,731
206,341,741
222,171,111
251,471,788
243,834,996
243,834,996251,471,788222,171,111206,341,741199,822,731233,015,906232,442,472222,851,476188,736,517196,649,863187,844,874184,150,502184,335,744176,099,870140,242,822144,318,484129,405,499133,923,878135,683,778130,231,088123,320,548124,176,227118,960,005119,091,857114,918,493137,711,491133,413,99889,184,00085,196,94392,966,57186,157,14372,003,84979,735,79688,624,87685,038,50573,142,84970,360,90174,147,81769,986,21356,680,84858,457,85056,682,36950,834,77560,398,621
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,963,685
1,270,263
1,338,324
1,033,098
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,033,0981,338,3241,270,2636,963,685000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,963,685
1,270,263
1,338,324
1,033,098
5,701,838
6,998,003
12,997,800
11,626,189
9,943,929
11,589,187
11,946,120
8,179,959
5,560,501
13,697,332
10,907,821
8,758,645
5,169,480
14,191,536
19,289,107
12,494,727
12,494,72719,289,10714,191,5365,169,4808,758,64510,907,82113,697,3325,560,5018,179,95911,946,12011,589,1879,943,92911,626,18912,997,8006,998,0035,701,8381,033,0981,338,3241,270,2636,963,685000000000000000000000000
       Accounts payable 
31,099,069
25,016,983
24,136,795
22,934,389
23,816,578
27,830,699
24,629,103
25,198,504
32,785,952
39,242,799
42,058,831
40,854,364
34,527,204
41,116,634
41,131,238
42,868,659
43,841,899
52,674,366
54,333,124
55,618,209
60,352,562
62,087,433
60,341,233
55,822,651
60,226,741
65,882,696
68,279,880
61,375,716
66,427,377
67,772,636
76,533,716
81,407,958
82,180,200
87,418,395
95,486,634
93,684,304
98,735,566
96,195,570
94,865,542
89,908,445
89,805,646
84,558,260
85,921,457
90,076,284
90,076,28485,921,45784,558,26089,805,64689,908,44594,865,54296,195,57098,735,56693,684,30495,486,63487,418,39582,180,20081,407,95876,533,71667,772,63666,427,37761,375,71668,279,88065,882,69660,226,74155,822,65160,341,23362,087,43360,352,56255,618,20954,333,12452,674,36643,841,89942,868,65941,131,23841,116,63434,527,20440,854,36442,058,83139,242,79932,785,95225,198,50424,629,10327,830,69923,816,57822,934,38924,136,79525,016,98331,099,069
       Other Current Liabilities 
19,129,087
16,790,877
17,812,214
21,044,139
22,374,726
25,744,392
29,534,062
33,519,159
33,674,119
37,329,903
36,087,633
33,113,970
32,903,928
34,728,098
34,681,759
37,516,406
42,317,675
48,600,497
50,986,417
54,827,445
56,155,193
55,415,826
28,350,328
62,042,953
26,996,657
44,503,254
41,716,376
41,938,624
36,236,583
59,736,698
33,382,451
78,018,256
41,926,649
80,464,420
43,359,604
78,511,417
48,332,721
90,999,391
53,027,670
93,510,128
57,843,528
64,251,434
64,520,879
72,366,510
72,366,51064,520,87964,251,43457,843,52893,510,12853,027,67090,999,39148,332,72178,511,41743,359,60480,464,42041,926,64978,018,25633,382,45159,736,69836,236,58341,938,62441,716,37644,503,25426,996,65762,042,95328,350,32855,415,82656,155,19354,827,44550,986,41748,600,49742,317,67537,516,40634,681,75934,728,09832,903,92833,113,97036,087,63337,329,90333,674,11933,519,15929,534,06225,744,39222,374,72621,044,13917,812,21416,790,87719,129,087
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
43,758,455
51,507,944
51,521,764
50,140,838
49,844,200
46,200,693
45,978,714
51,995,001
56,960,524
60,106,553
59,291,785
30,269,552
32,537,325
39,689,769
68,766,931
64,289,724
57,471,313
53,025,332
52,922,726
52,922,72653,025,33257,471,31364,289,72468,766,93139,689,76932,537,32530,269,55259,291,78560,106,55356,960,52451,995,00145,978,71446,200,69349,844,20050,140,83851,521,76451,507,94443,758,4550000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-6,963,685
-1,270,263
-1,338,324
-1,033,098
0
0
0
0
0
1,422,561
1,430,257
1,417,967
1,533,552
1,580,313
1,547,117
1,507,826
1,507,480
1,505,430
1,767,894
1,982,211
1,982,2111,767,8941,505,4301,507,4801,507,8261,547,1171,580,3131,533,5521,417,9671,430,2571,422,56100000-1,033,098-1,338,324-1,270,263-6,963,685000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,200,810
43,823,261
1,389,251
1,217,095
1,170,129
1,152,905
1,139,209
991,096
990,329
1,074,407
1,022,854
998,260
999,299
984,392
1,004,615
1,075,459
1,088,372
680,906
700,105
700,105680,9061,088,3721,075,4591,004,615984,392999,299998,2601,022,8541,074,407990,329991,0961,139,2091,152,9051,170,1291,217,0951,389,25143,823,26136,200,8100000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
908,621
0
0
1,167,629
1,212,499
0
0
0
33,239
1,285,565
0
1,321,140
1,276,388
0
1,394,240
0
0
1,464,886
0
0
0
0
00001,464,886001,394,24001,276,3881,321,14001,285,56533,2390001,212,4991,167,62900908,6210000000000000000000000
> Total Stockholder Equity
12,913,041
14,313,531
16,909,725
31,951,751
32,847,431
35,121,566
35,727,511
38,088,008
39,470,500
42,939,219
46,154,742
47,681,320
49,201,852
53,857,579
55,333,098
58,385,178
61,126,923
65,533,771
66,314,017
71,217,588
73,737,437
79,225,982
79,301,793
82,864,509
83,072,116
89,610,201
92,588,979
98,241,158
101,669,163
106,004,841
104,979,110
112,878,436
117,516,260
117,532,627
113,240,409
118,530,537
124,868,124
132,301,754
129,665,290
139,231,869
142,935,236
152,352,338
146,368,593
156,226,891
156,226,891146,368,593152,352,338142,935,236139,231,869129,665,290132,301,754124,868,124118,530,537113,240,409117,532,627117,516,260112,878,436104,979,110106,004,841101,669,16398,241,15892,588,97989,610,20183,072,11682,864,50979,301,79379,225,98273,737,43771,217,58866,314,01765,533,77161,126,92358,385,17855,333,09853,857,57949,201,85247,681,32046,154,74242,939,21939,470,50038,088,00835,727,51135,121,56632,847,43131,951,75116,909,72514,313,53112,913,041
   Common Stock
1,000,000
1,000,000
1,000,000
1,686,323
1,686,323
1,686,323
4,215,809
4,215,809
4,215,809
4,215,809
4,290,123
4,265,715
4,266,839
4,267,391
6,424,934
6,450,552
6,458,767
6,465,677
6,519,637
6,548,163
6,561,053
6,584,023
6,626,912
6,644,657
6,663,031
6,603,423
6,938,903
6,962,228
6,971,900
6,999,467
7,009,746
7,025,746
7,029,976
7,047,686
7,048,148
6,984,237
6,986,564
0
6,997,329
7,000,783
0
0
7,022,181
0
07,022,181007,000,7836,997,32906,986,5646,984,2377,048,1487,047,6867,029,9767,025,7467,009,7466,999,4676,971,9006,962,2286,938,9036,603,4236,663,0316,644,6576,626,9126,584,0236,561,0536,548,1636,519,6376,465,6776,458,7676,450,5526,424,9344,267,3914,266,8394,265,7154,290,1234,215,8094,215,8094,215,8094,215,8091,686,3231,686,3231,686,3231,000,0001,000,0001,000,000
   Retained Earnings 
9,552,124
10,490,636
13,137,471
14,508,671
15,304,989
18,413,383
19,112,020
21,454,843
23,004,107
26,346,242
27,112,421
29,800,351
31,494,974
35,402,226
35,870,598
39,182,099
41,058,462
45,411,049
45,404,107
49,590,957
51,876,414
57,132,645
56,914,475
61,877,868
64,208,358
64,893,472
65,058,040
71,186,938
79,528,236
84,342,973
82,334,125
90,418,231
95,628,799
102,102,099
99,576,165
108,025,289
113,152,586
110,180,320
117,476,857
125,951,282
119,679,202
127,737,747
132,104,804
130,207,384
130,207,384132,104,804127,737,747119,679,202125,951,282117,476,857110,180,320113,152,586108,025,28999,576,165102,102,09995,628,79990,418,23182,334,12584,342,97379,528,23671,186,93865,058,04064,893,47264,208,35861,877,86856,914,47557,132,64551,876,41449,590,95745,404,10745,411,04941,058,46239,182,09935,870,59835,402,22631,494,97429,800,35127,112,42126,346,24223,004,10721,454,84319,112,02018,413,38315,304,98914,508,67113,137,47110,490,6369,552,124
   Capital Surplus 00000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000-2,718,168-918,171-520,087-366,842-366,842-366,842000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-644,579
-651,947
-1,332,153
-1,291,512
-859,738
-852,782
-711,554
-1,294,983
-1,007,528
-1,190,415
-1,536,273
-1,561,305
-1,782,515
-1,676,454
-1,743,406
0
-1,270,443
590,177
0
0
142,112
0
0142,11200590,177-1,270,4430-1,743,406-1,676,454-1,782,515-1,561,305-1,536,273-1,190,415-1,007,528-1,294,983-711,554-852,782-859,738-1,291,512-1,332,153-651,947-644,5790000000000000000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue366,313,307
Cost of Revenue-269,928,213
Gross Profit96,385,09496,385,094
 
Operating Income (+$)
Gross Profit96,385,094
Operating Expense-329,084,125
Operating Income37,229,182-232,699,031
 
Operating Expense (+$)
Research Development13,715,528
Selling General Administrative45,740,932
Selling And Marketing Expenses-
Operating Expense329,084,12559,456,460
 
Net Interest Income (+$)
Interest Income4,980,971
Interest Expense-2,846,799
Other Finance Cost-1,311,595
Net Interest Income3,445,767
 
Pretax Income (+$)
Operating Income37,229,182
Net Interest Income3,445,767
Other Non-Operating Income Expenses-
Income Before Tax (EBT)39,854,61637,229,182
EBIT - interestExpense = -2,846,799
32,801,067
35,647,866
Interest Expense2,846,799
Earnings Before Interest and Taxes (EBIT)-42,701,415
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax39,854,616
Tax Provision-6,451,022
Net Income From Continuing Ops33,403,59433,403,594
Net Income32,801,067
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--3,445,767
 

Technical Analysis of Midea Group Co Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Midea Group Co Ltd. The general trend of Midea Group Co Ltd is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Midea Group Co Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Midea Group Co Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 66.65.

The bearish price targets are: 60.13 > 59.32 > 54.80.

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Midea Group Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Midea Group Co Ltd. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Midea Group Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Midea Group Co Ltd. The current macd is 0.61634011.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Midea Group Co Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Midea Group Co Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Midea Group Co Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Midea Group Co Ltd Daily Moving Average Convergence/Divergence (MACD) ChartMidea Group Co Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Midea Group Co Ltd. The current adx is 24.77.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Midea Group Co Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Midea Group Co Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Midea Group Co Ltd. The current sar is 60.23.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Midea Group Co Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Midea Group Co Ltd. The current rsi is 60.02. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Midea Group Co Ltd Daily Relative Strength Index (RSI) ChartMidea Group Co Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Midea Group Co Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Midea Group Co Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Midea Group Co Ltd Daily Stochastic Oscillator ChartMidea Group Co Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Midea Group Co Ltd. The current cci is 40.80.

Midea Group Co Ltd Daily Commodity Channel Index (CCI) ChartMidea Group Co Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Midea Group Co Ltd. The current cmo is 22.97.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Midea Group Co Ltd Daily Chande Momentum Oscillator (CMO) ChartMidea Group Co Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Midea Group Co Ltd. The current willr is -25.46063652.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Midea Group Co Ltd is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Midea Group Co Ltd Daily Williams %R ChartMidea Group Co Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Midea Group Co Ltd.

Midea Group Co Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Midea Group Co Ltd. The current atr is 1.70513152.

Midea Group Co Ltd Daily Average True Range (ATR) ChartMidea Group Co Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Midea Group Co Ltd. The current obv is 969,123,459.

Midea Group Co Ltd Daily On-Balance Volume (OBV) ChartMidea Group Co Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Midea Group Co Ltd. The current mfi is 36.94.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Midea Group Co Ltd Daily Money Flow Index (MFI) ChartMidea Group Co Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Midea Group Co Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-03STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-25STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-07BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Midea Group Co Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Midea Group Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5060.024
Ma 20Greater thanMa 5063.827
Ma 50Greater thanMa 10060.714
Ma 100Greater thanMa 20056.509
OpenGreater thanClose64.230
Total4/5 (80.0%)
Penke

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