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Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 107.6 HKD 0.47% Market Closed
Updated: Jul 27, 2024
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Relative Value

The Relative Value of one Meituan stock under the Base Case scenario is 96.85 HKD. Compared to the current market price of 107.6 HKD, Meituan is Overvalued by 10%.

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
96.85 HKD
Overvaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
88
vs Industry
11
Median 3Y
4.2
Median 5Y
4.9
Industry
0.5
Forward
1.9
vs History
46
vs Industry
9
Median 3Y
-36.5
Median 5Y
36.6
Industry
16.5
Forward
19.8
vs History
58
vs Industry
14
Median 3Y
15.6
Median 5Y
21.8
Industry
7.7
vs History
60
vs Industry
20
Median 3Y
20.8
Median 5Y
30.9
Industry
15.3
vs History
85
vs Industry
13
Median 3Y
6.5
Median 5Y
6.5
Industry
1.6
vs History
88
vs Industry
14
Median 3Y
3.9
Median 5Y
4.6
Industry
0.7
Forward
1.6
vs History
88
vs Industry
16
Median 3Y
14.6
Median 5Y
15.3
Industry
2.2
vs History
47
vs Industry
9
Median 3Y
14.4
Median 5Y
20.7
Industry
8.4
Forward
12.6
vs History
39
vs Industry
9
Median 3Y
-42
Median 5Y
-36.3
Industry
12.8
Forward
15.7
vs History
58
vs Industry
19
Median 3Y
13.2
Median 5Y
19.9
Industry
8.7
vs History
44
vs Industry
23
Median 3Y
13.7
Median 5Y
12
Industry
12.3
vs History
88
vs Industry
7
Median 3Y
6.4
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
671.9B HKD 2.1 39.3 21.4 31.7
NL
Prosus NV
JSE:PRX
4.2T Zac 0 0 0 0
US
Amazon.com Inc
NASDAQ:AMZN
1.9T USD 3.2 50.4 19.5 39.7
ZA
Naspers Ltd
JSE:NPN
706.4B Zac 0 0 0 0
CN
Pinduoduo Inc
NASDAQ:PDD
181.5B USD 4.4 16.5 13.9 13.9
CN
Alibaba Group Holding Ltd
NYSE:BABA
181.4B USD 1.4 16.5 5.3 7.2
UY
MercadoLibre Inc
BMV:MELIN
1.5T MXN 5.3 73.7 31.5 40.4
AR
Mercadolibre Inc
NASDAQ:MELI
82.9B USD 5.3 73.8 31.4 40.2
US
DoorDash Inc
F:DD2
39.7B EUR 4.7 -101.4 653.5 -82.2
KR
Coupang Inc
NYSE:CPNG
36.3B USD 1.4 28.4 42.1 69.8
CN
JD.Com Inc
HKEX:9618
280B HKD 0.2 10.4 4.3 4.3
P/E Multiple
Earnings Growth
CN
Meituan
HKEX:3690
Average P/E: 38.6
39.3
278%
NL
P
Prosus NV
JSE:PRX
Not Available
-19%
US
Amazon.com Inc
NASDAQ:AMZN
50.4
158%
ZA
N
Naspers Ltd
JSE:NPN
Not Available
-6%
CN
Pinduoduo Inc
NASDAQ:PDD
16.5
224%
CN
Alibaba Group Holding Ltd
NYSE:BABA
16.5
126%
UY
MercadoLibre Inc
BMV:MELIN
73.7
232%
AR
Mercadolibre Inc
NASDAQ:MELI
73.8
232%
US
D
DoorDash Inc
F:DD2
Negative Multiple: -101.4 N/A
KR
Coupang Inc
NYSE:CPNG
28.4
23%
CN
JD.Com Inc
HKEX:9618
10.4
5%
EV/EBIT Multiple
EBIT Growth
CN
Meituan
HKEX:3690
Average EV/EBIT: 30.9
31.7
506%
NL
P
Prosus NV
JSE:PRX
Not Available N/A
US
Amazon.com Inc
NASDAQ:AMZN
39.7
167%
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A
CN
Pinduoduo Inc
NASDAQ:PDD
13.9
304%
CN
Alibaba Group Holding Ltd
NYSE:BABA
7.2
51%
UY
MercadoLibre Inc
BMV:MELIN
40.4
174%
AR
Mercadolibre Inc
NASDAQ:MELI
40.2
174%
US
D
DoorDash Inc
F:DD2
Negative Multiple: -82.2 N/A
KR
Coupang Inc
NYSE:CPNG
69.8
334%
CN
JD.Com Inc
HKEX:9618
4.3
63%

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