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Gree Electric Appliances, Inc. of Zhuhai 000651.SZ

CN · Shanghai Stock Exchange · XSHG · stock · Consumer Cyclical · website

Gree Electric Appliances, Inc. of Zhuhai statistics & valuation

Market capCN¥223.5B
P / E7.7×
P / S1.3×
P / B1.5×
P / FCF5.0×
Dividend yield8.11%
Net margin16.9%
Return on equity19.9%
FCF margin26.1%
Net cashCN¥25.1B
Enterprise value USD$29.4B
Earnings yield EBIT/EV15.6%
Return on capital19.3%
Graham number +38.4%CN¥55.21

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥55.21); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.90% 14.20% 16.90% 16.90% 2022202320242025
Gross margin (%)
26.50% 29.80% 29.80% 30.10% 2022202320242025
Operating margin (%)
14.10% 15.50% 18.30% 18.00% 2022202320242025
Return on equity (%)
25.30% 24.80% 23.40% 19.90% 2022202320242025
Shares outstanding
5.60B 5.60B 5.60B 5.60B 2022202320242025
Net debt (CN¥)
-CN¥73.40B -CN¥37.25B -CN¥40.37B -CN¥25.14B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
6.90% 7.90% 8.70% 7.40% 2022202320242025
Free cash flow margin (%)
11.90% 24.90% 13.70% 26.10% 2022202320242025
Debt / equity (×)
0.87× 0.74× 0.54× 0.59× 2022202320242025
EPS (CN¥)
CN¥4.43 CN¥5.22 CN¥5.83 CN¥5.20 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Gree Electric Appliances, Inc. of Zhuhai trades at about 7.7× earnings — near its 10-year norm (10-year range 6.8×–7.8×, median 7.7×).

6.8× 7.8×

Shaded band = 10-year range (6.8×–7.8×); dot = today's 7.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin30.1%29.8%29.8%26.5%
Operating margin18.0%18.3%15.5%14.1%
Net margin16.9%16.9%14.2%12.9%
FCF margin26.1%13.7%24.9%11.9%
Return on assets7.4%8.7%7.9%6.9%
Return on equity19.9%23.4%24.8%25.3%
Debt / equity0.02×0.13×0.33×0.32×
Current ratio1.081.121.141.18

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.