Risk factor
Resilient to price shocks
Profitability factor
Undervalued vs peers
About
Changhong Meiling Co., Ltd. is a Chinese manufacturer of electrical appliances, with operations extending both domestically and globally. Established in Hefei, China, in 1983, the company adopted its current name in July 2018, having previously been known as Hefei Meiling Co., Ltd. Its business activities are structured across four main divisions: Air-Conditioning; Refrigerators, Freezers, and Washing Machines; Small Home Appliances; and a broader 'Others' category. The company is deeply involved in technological research and development, offering a range of services including technical consulting, warehousing solutions, and various other support functions. Changhong Meiling specializes in the design, manufacturing, sale, installation, and maintenance of a wide array of household and commercial appliances. This encompasses refrigeration equipment, washing machines, air conditioners, and kitchen and bath fixtures. Beyond these core offerings, their extensive product portfolio extends to freezers, heat pumps, various water and electric heaters, fans (air conditioning and electric), humidifiers, clothes dryers, dehumidifiers, air purifiers, air water generators, electric fireplaces, kitchenware, and their associated spare parts. The company also undertakes mechanical and electrical equipment installation, manufactures and sells metal products, and manages the import, export, wholesale, and distribution of diverse household appliances, materials, equipment, and technological solutions. Its broader scope includes software development and consulting, alongside the R&D, production, and sales of non-electric household appliances, gas water heaters and boilers, sanitary ware, audio-visual and broadcasting equipment, computing and communication electronics, interior design materials, general machinery, smart luggage, and personal care items. Moreover, Changhong Meiling provides business management consulting and services within the biomedical sector.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is fairly valued on P/E, undervalued on EV/EB