Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 102.7 HKD 1.28% Market Closed
Market Cap: 627.7B HKD

Relative Value

The Relative Value of one Meituan stock under the Base Case scenario is 173.44 HKD. Compared to the current market price of 102.7 HKD, Meituan is Undervalued by 41%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
173.44 HKD
Undervaluation 41%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
10
Median 3Y
2.4
Median 5Y
3.2
Industry
0.6
Forward
1.5
vs History
vs Industry
16
Median 3Y
28
Median 5Y
23.7
Industry
17
Forward
-150.1
vs History
74
vs Industry
7
Median 3Y
15.2
Median 5Y
15.2
Industry
8.5
vs History
39
vs Industry
12
Median 3Y
23.8
Median 5Y
32.4
Industry
17.7
vs History
90
vs Industry
10
Median 3Y
4.3
Median 5Y
5.9
Industry
1.7
vs History
93
vs Industry
12
Median 3Y
2.1
Median 5Y
2.9
Industry
0.7
Forward
1.2
vs History
92
vs Industry
15
Median 3Y
5.6
Median 5Y
9.3
Industry
2.3
vs History
vs Industry
10
Median 3Y
23.5
Median 5Y
18.4
Industry
8.6
Forward
-50.4
vs History
vs Industry
14
Median 3Y
23.7
Median 5Y
14.7
Industry
13.1
Forward
-27.9
vs History
73
vs Industry
8
Median 3Y
13.2
Median 5Y
13.2
Industry
10.1
vs History
42
vs Industry
13
Median 3Y
15.9
Median 5Y
13.9
Industry
14.4
vs History
93
vs Industry
5
Median 3Y
4.6
Median 5Y
6.2
Industry
1.1

Multiples Across Competitors

Competitors Multiples
Meituan Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Meituan
HKEX:3690
627.6B HKD 1.6 -285.6 -178 -178
US
Amazon.com Inc
NASDAQ:AMZN
2.4T USD 3.5 31.8 17.3 31.3
ZA
Naspers Ltd
JSE:NPN
850.6B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
357.4B USD 2.5 20.1 20.7 20.7
CN
PDD Holdings Inc
NASDAQ:PDD
155.5B USD 2.6 10.7 7.3 7.3
NL
Prosus NV
AEX:PRX
127.4B EUR 21.8 11.1 618.1 618.1
AR
Mercadolibre Inc
NASDAQ:MELI
100.8B USD 3.8 48.5 25.3 31.3
US
DoorDash Inc
NASDAQ:DASH
100.1B USD 7.9 116 74.9 141.8
UY
MercadoLibre Inc
BMV:MELIN
1.8T MXN 3.8 47.9 25 30.8
CN
JD.Com Inc
HKEX:9618
353.9B HKD 0.2 9.9 10.4 10.4
KR
Coupang Inc
NYSE:CPNG
42.3B USD 1.3 108.4 29 47.7
P/S Multiple
Revenue Growth P/S to Growth
CN
Meituan
HKEX:3690
Average P/S: 4.9
1.6
13%
0.1
US
Amazon.com Inc
NASDAQ:AMZN
3.5
12%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
17%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
2.5
9%
0.3
CN
PDD Holdings Inc
NASDAQ:PDD
2.6
13%
0.2
NL
Prosus NV
AEX:PRX
21.8
24%
0.9
AR
Mercadolibre Inc
NASDAQ:MELI
3.8
30%
0.1
US
D
DoorDash Inc
NASDAQ:DASH
7.9
27%
0.3
UY
MercadoLibre Inc
BMV:MELIN
3.8
30%
0.1
CN
JD.Com Inc
HKEX:9618
0.2
9%
0
KR
Coupang Inc
NYSE:CPNG
1.3
16%
0.1
P/E Multiple
Earnings Growth PEG
CN
Meituan
HKEX:3690
Average P/E: 44.9
Negative Multiple: -285.6
5%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
31.8
21%
1.5
ZA
N
Naspers Ltd
JSE:NPN
Not Available
1%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
20.1
17%
1.2
CN
PDD Holdings Inc
NASDAQ:PDD
10.7
10%
1.1
NL
Prosus NV
AEX:PRX
11.1
3%
3.7
AR
Mercadolibre Inc
NASDAQ:MELI
48.5
32%
1.5
US
D
DoorDash Inc
NASDAQ:DASH
116
161%
0.7
UY
MercadoLibre Inc
BMV:MELIN
47.9
32%
1.5
CN
JD.Com Inc
HKEX:9618
9.9
10%
1
KR
Coupang Inc
NYSE:CPNG
108.4
121%
0.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
Meituan
HKEX:3690
Average EV/EBITDA: 92
Negative Multiple: -178
5%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
17.3
28%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
63%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
20.7
13%
1.6
CN
PDD Holdings Inc
NASDAQ:PDD
7.3
13%
0.6
NL
Prosus NV
AEX:PRX
618.1
73%
8.5
AR
Mercadolibre Inc
NASDAQ:MELI
25.3
31%
0.8
US
D
DoorDash Inc
NASDAQ:DASH
74.9
101%
0.7
UY
MercadoLibre Inc
BMV:MELIN
25
31%
0.8
CN
JD.Com Inc
HKEX:9618
10.4
7%
1.5
KR
Coupang Inc
NYSE:CPNG
29
57%
0.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Meituan
HKEX:3690
Average EV/EBIT: 104.4
Negative Multiple: -178
1%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
31.3
22%
1.4
ZA
N
Naspers Ltd
JSE:NPN
Not Available
110%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
20.7
14%
1.5
CN
PDD Holdings Inc
NASDAQ:PDD
7.3
13%
0.6
NL
Prosus NV
AEX:PRX
618.1
97%
6.4
AR
Mercadolibre Inc
NASDAQ:MELI
31.3
31%
1
US
D
DoorDash Inc
NASDAQ:DASH
141.8
279%
0.5
UY
MercadoLibre Inc
BMV:MELIN
30.8
31%
1
CN
JD.Com Inc
HKEX:9618
10.4
5%
2.1
KR
Coupang Inc
NYSE:CPNG
47.7
78%
0.6