Gree Electric Appliances Inc of Zhuhai (000651) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 214B CNY (≈ $32.0B) · ISIN CNE0000001D4
What is Gree Electric Appliances Inc of Zhuhai really worth?
A solid business, trading 55% below our fair value of ¥86.91.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 9 days ago
Share price −3.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥67.68). The market is more pessimistic than our downside scenario.
- Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥67.68 to ¥126.90) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range ¥22.97 – ¥47.09 · fair‑value band ¥67.68 – ¥126.90 · the ¥38.98 price screens below the ¥86.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Gree Electric Appliances Inc of Zhuhai (000651) currently trades at ¥38.98, while our model-based Fair Value estimate is ¥86.91, implying the stock looks roughly 55.1% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ¥144.57 per share, and 22 of the 24 models we run sit above the ¥38.98 price. Bear case: the Asset-Based group reads lowest at ¥17.46, and 2 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Gree Electric Appliances Inc of Zhuhai generated revenue of 172B CNY at a net margin of 17.0%. Revenue grew 3.5% year over year. It earns a return on equity of 19.2%. The balance sheet holds a net cash position of 55.9B CNY. Fundamentals as of Aug 27, 2026
Our scenario range runs from ¥67.68 (bear case) to ¥126.90 (bull case); at ¥38.98, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −9% fair-value upside, at 123%, 000651 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥1.50 per share, which is 1.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (¥144.57) versus Asset-Based (¥17.46). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Gree Electric Appliances, Inc. of Zhuhai, together with its subsidiaries, engages in the production and sale of consumer electrical appliances and accessories in China and internationally. It operates through four segments: Consumer Electronics; Industrial Products and Green Energy; Smart Equipment; and Other Businesses.
Full company description
Gree Electric Appliances, Inc. of Zhuhai, together with its subsidiaries, engages in the production and sale of consumer electrical appliances and accessories in China and internationally. It operates through four segments: Consumer Electronics; Industrial Products and Green Energy; Smart Equipment; and Other Businesses. The company offers residential air conditioners; home appliances, including air purifiers, humidifiers, air coolers, electric heaters, fans, kitchen appliances, personal care equipment, refrigerators, and washing machines; and optical storage air conditioning system. It also provides industrial products, such as screw, scroll, and centrifugal chillers, as well as multi-VRF, light commercial equipment, terminals, and packaged units. In addition, the company is involved in finance; information technology research and development; transportation; wholesale and retail trade; medical devices; agriculture; real estate; electrical machinery and equipment manufacturing; and technology promotion and application services. It exports its products. The company was formerly known as Haili Air-conditioning Engineering Co., Ltd. of Zhuhai and changed its name to Gree Electric Appliances, Inc. of Zhuhai in January 1994. Gree Electric Appliances, Inc. of Zhuhai was founded in 1989 and is headquartered in Zhuhai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Gree Electric Appliances Inc of Zhuhai reported revenue of 171B CNY in FY2025 versus 188B CNY in FY2021, a compound −2.3%/yr. Reported net income was 29.0B CNY in FY2025, compounding +5.9%/yr from FY2021.
of which total revenue +5.7 % · buybacks/dilution +1.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Furnishings, Fixtures & Appliances · 317 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥86.98 | ¥99.66 | +15% |
| Haier Smart Home Co 600690 | ¥21.79 | ¥36.04 | +65% |
| King Slide Works Co 2059 | 12,500 TWD | 1,917 TWD | −85% |
| Guangdong Songfa Ceramics Co 603268 | ¥173.26 | ¥38.83 | −78% |
| SharkNinja, Inc SN | $181.24 | $89.07 | −51% |
| Somnigroup International Inc SGI | $63.65 | $31.69 | −50% |
| Mohawk Industries, Inc MHK | $131.70 | $119.26 | −9% |
| Hisense Home Appliances Group 000921 | ¥26.12 | ¥50.62 | +94% |
| Alliance Laundry Holdings ALH | $25.91 | $7.74 | −70% |
| Ecovacs Robotics Co 603486 | ¥50.93 | ¥54.14 | +6% |
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