Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China’s Zhuhai local government. Air conditioners remain the biggest contributor to Gree’s earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2024, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 17% of its total equity interest, while state-owned Zhuhai Gree Group owned 3.4%.
1989
84.0K+
LTM Revenue $28.7B
LTM EBITDA $5.5B
$28.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Gree Global has a last 12-month revenue of $28.7B and a last 12-month EBITDA of $5.5B.
In the most recent fiscal year, Gree Global achieved revenue of $28.2B and an EBITDA of $5.7B.
Gree Global expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Gree Global valuation multiples based on analyst estimatesFY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $28.2B | $28.2B | XXX | XXX | XXX |
Gross Profit | $6.5B | $6.9B | XXX | XXX | XXX |
Gross Margin | 23% | 25% | XXX | XXX | XXX |
EBITDA | $5.7B | $5.4B | XXX | XXX | XXX |
EBITDA Margin | 20% | 19% | XXX | XXX | XXX |
Net Profit | $3.2B | $3.4B | XXX | XXX | XXX |
Net Margin | 11% | 12% | XXX | XXX | XXX |
Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Gree Global's stock price is CNY 44 (or $6).
Gree Global has current market cap of CNY 246B (or $33.9B), and EV of CNY 208B (or $28.7B).
See Gree Global trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$28.7B | $33.9B | XXX | XXX | XXX | XXX | $0.79 |
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Sign UpAs of April 15, 2025, Gree Global has market cap of $33.9B and EV of $28.7B.
Gree Global's trades at 1.0x LTM EV/Revenue multiple, and 5.3x LTM EBITDA.
Analysts estimate Gree Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Gree Global and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $28.7B | XXX | XXX | XXX |
EV/Revenue | 1.0x | XXX | XXX | XXX |
EV/EBITDA | 5.4x | XXX | XXX | XXX |
P/E | 7.9x | XXX | XXX | XXX |
P/E/Growth | 1.1x | XXX | XXX | XXX |
EV/FCF | 8.9x | XXX | XXX | XXX |
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Sign UpGree Global's NTM/LTM revenue growth is 6%
Gree Global's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Gree Global's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Gree Global's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Gree Global and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | 0% | XXX | XXX | XXX | XXX |
EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
EBITDA Growth | -5% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 25% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
Opex to Revenue | 15% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
Breville Group | XXX | XXX | XXX | XXX | XXX | XXX |
Whirlpool India | XXX | XXX | XXX | XXX | XXX | XXX |
TTK Prestige | XXX | XXX | XXX | XXX | XXX | XXX |
Eureka Forbes | XXX | XXX | XXX | XXX | XXX | XXX |
Whirlpool Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Gree Global acquired XXX companies to date.
Last acquisition by Gree Global was XXXXXXXX, XXXXX XXXXX XXXXXX . Gree Global acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was Gree Global founded? | Gree Global was founded in 1989. |
Where is Gree Global headquartered? | Gree Global is headquartered in China. |
How many employees does Gree Global have? | As of today, Gree Global has 84.0K+ employees. |
Is Gree Global publicy listed? | Yes, Gree Global is a public company listed on SHE. |
What is the stock symbol of Gree Global? | Gree Global trades under 000651 ticker. |
When did Gree Global go public? | Gree Global went public in 1996. |
Who are competitors of Gree Global? | Similar companies to Gree Global include e.g. Breville Group, Whirlpool India, TTK Prestige, Eureka Forbes. |
What is the current market cap of Gree Global? | Gree Global's current market cap is $33.9B |
What is the current revenue of Gree Global? | Gree Global's last 12-month revenue is $28.7B. |
What is the current EBITDA of Gree Global? | Gree Global's last 12-month EBITDA is $5.5B. |
What is the current EV/Revenue multiple of Gree Global? | Current revenue multiple of Gree Global is 1.0x. |
What is the current EV/EBITDA multiple of Gree Global? | Current EBITDA multiple of Gree Global is 5.3x. |
What is the current revenue growth of Gree Global? | Gree Global revenue growth between 2023 and 2024 was 0%. |
Is Gree Global profitable? | Yes, Gree Global is EBITDA-positive (as of the last 12 months). |
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