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Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 116.7 HKD 1.74% Market Closed
Updated: Jun 17, 2024
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Relative Value

The Relative Value of one Meituan stock under the Base Case scenario is 92.29 HKD. Compared to the current market price of 116.7 HKD, Meituan is Overvalued by 21%.

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
92.29 HKD
Overvaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
87
vs Industry
11
Median 3Y
4.4
Median 5Y
4.9
Industry
0.6
Forward
2
vs History
42
vs Industry
9
Median 3Y
-36.5
Median 5Y
35.2
Industry
16.2
Forward
20.7
vs History
55
vs Industry
15
Median 3Y
16.5
Median 5Y
21.8
Industry
7.7
vs History
55
vs Industry
21
Median 3Y
21.9
Median 5Y
30.9
Industry
15.5
vs History
79
vs Industry
14
Median 3Y
6.8
Median 5Y
6.5
Industry
1.6
vs History
87
vs Industry
15
Median 3Y
4.1
Median 5Y
4.6
Industry
0.7
Forward
1.7
vs History
87
vs Industry
17
Median 3Y
14.6
Median 5Y
15.3
Industry
2.2
vs History
42
vs Industry
10
Median 3Y
-36.3
Median 5Y
19.8
Industry
8.4
Forward
14.9
vs History
36
vs Industry
9
Median 3Y
-45.3
Median 5Y
-36.3
Industry
12.6
Forward
20.8
vs History
55
vs Industry
21
Median 3Y
14
Median 5Y
19.9
Industry
8.8
vs History
38
vs Industry
24
Median 3Y
13.7
Median 5Y
11.9
Industry
12.3
vs History
80
vs Industry
7
Median 3Y
7
Median 5Y
7.3
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
728.7B HKD 2.3 42.7 23.5 34.9
US
Amazon.com Inc
NASDAQ:AMZN
1.9T USD 3.2 50.7 19.7 40.1
ZA
Naspers Ltd
JSE:NPN
765.1B Zac 0 0 0 0
CN
Pinduoduo Inc
NASDAQ:PDD
206.9B USD 5.1 18.8 16.3 16.3
CN
Alibaba Group Holding Ltd
NYSE:BABA
183.2B USD 1.4 16.7 5.3 7.3
NL
Prosus NV
AEX:PRX
86.8B EUR 17.8 8.5 -238.9 -238.9
UY
MercadoLibre Inc
BMV:MELIN
1.5T MXN 5.1 70.7 30.2 38.7
AR
Mercadolibre Inc
NASDAQ:MELI
79.9B USD 5.1 70.7 30.2 38.6
US
DoorDash Inc
NYSE:DASH
45.8B USD 5 -109 699.7 -88
CN
JD.Com Inc
HKEX:9618
310.7B HKD 0.3 11.5 5.2 5.2
KR
Coupang Inc
NYSE:CPNG
38.4B USD 1.5 30.1 44.8 74.4
EV/EBITDA Multiple
EBITDA Growth
CN
Meituan
HKEX:3690
Average EV/EBITDA: 97.2
23.5
298%
US
Amazon.com Inc
NASDAQ:AMZN
19.7
133%
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A
CN
Pinduoduo Inc
NASDAQ:PDD
16.3
199%
CN
Alibaba Group Holding Ltd
NYSE:BABA
5.3
40%
NL
Prosus NV
AEX:PRX
Negative Multiple: -238.9 N/A
UY
MercadoLibre Inc
BMV:MELIN
30.2
146%
AR
Mercadolibre Inc
NASDAQ:MELI
30.2
146%
US
DoorDash Inc
NYSE:DASH
699.7
N/A
CN
JD.Com Inc
HKEX:9618
5.2
64%
KR
Coupang Inc
NYSE:CPNG
44.8
270%
EV/EBIT Multiple
EBIT Growth
CN
Meituan
HKEX:3690
Average EV/EBIT: 31.9
34.9
476%
US
Amazon.com Inc
NASDAQ:AMZN
40.1
171%
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A
CN
Pinduoduo Inc
NASDAQ:PDD
16.3
206%
CN
Alibaba Group Holding Ltd
NYSE:BABA
7.3
46%
NL
Prosus NV
AEX:PRX
Negative Multiple: -238.9 N/A
UY
MercadoLibre Inc
BMV:MELIN
38.7
165%
AR
Mercadolibre Inc
NASDAQ:MELI
38.6
165%
US
DoorDash Inc
NYSE:DASH
Negative Multiple: -88 N/A
CN
JD.Com Inc
HKEX:9618
5.2
58%
KR
Coupang Inc
NYSE:CPNG
74.4
314%

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