Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 98.5 HKD -1.5% Market Closed
Market Cap: 602B HKD

Relative Value

The Relative Value of one Meituan stock under the Base Case scenario is 180.44 HKD. Compared to the current market price of 98.5 HKD, Meituan is Undervalued by 45%.

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
180.44 HKD
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

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
605.3B HKD 1.5 -270.5 -148.7 -148.7
US
Amazon.com Inc
NASDAQ:AMZN
2.6T USD 3.7 33.4 18.2 33
ZA
Naspers Ltd
JSE:NPN
852.3B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
394.6B USD 2.7 21.9 158.1 158.1
CN
PDD Holdings Inc
NASDAQ:PDD
151.6B USD 2.5 10.3 47.6 47.6
NL
Prosus NV
AEX:PRX
127B EUR 21.2 10.8 693.7 693.7
UY
MercadoLibre Inc
BMV:MELIN
1.8T MXN 4 50.5 1.5 1.8
AR
Mercadolibre Inc
NASDAQ:MELI
104.7B USD 4 50.4 26.4 32.5
US
DoorDash Inc
NASDAQ:DASH
87.7B USD 6.9 101.6 65.5 124
CN
JD.Com Inc
HKEX:9618
356.4B HKD 0.2 9.9 9.2 9.2
US
eBay Inc
NASDAQ:EBAY
42.5B USD 4 19.5 15.4 17.7
P/S Multiple
Revenue Growth P/S to Growth
CN
Meituan
HKEX:3690
Average P/S: 5.1
1.5
13%
0.1
US
Amazon.com Inc
NASDAQ:AMZN
3.7
12%
0.3
ZA
N
Naspers Ltd
JSE:NPN
Not Available
22%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
2.7
9%
0.3
CN
PDD Holdings Inc
NASDAQ:PDD
2.5
13%
0.2
NL
Prosus NV
AEX:PRX
21.2
27%
0.8
UY
MercadoLibre Inc
BMV:MELIN
4
30%
0.1
AR
Mercadolibre Inc
NASDAQ:MELI
4
30%
0.1
US
D
DoorDash Inc
NASDAQ:DASH
6.9
27%
0.3
CN
JD.Com Inc
HKEX:9618
0.2
9%
0
US
eBay Inc
NASDAQ:EBAY
4
6%
0.7
P/E Multiple
Earnings Growth PEG
CN
Meituan
HKEX:3690
Average P/E: 34.3
Negative Multiple: -270.5
2%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
33.4
22%
1.5
ZA
N
Naspers Ltd
JSE:NPN
Not Available
2%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
21.9
17%
1.3
CN
PDD Holdings Inc
NASDAQ:PDD
10.3
10%
1
NL
Prosus NV
AEX:PRX
10.8
3%
3.6
UY
MercadoLibre Inc
BMV:MELIN
50.5
32%
1.6
AR
Mercadolibre Inc
NASDAQ:MELI
50.4
32%
1.6
US
D
DoorDash Inc
NASDAQ:DASH
101.6
162%
0.6
CN
JD.Com Inc
HKEX:9618
9.9
10%
1
US
eBay Inc
NASDAQ:EBAY
19.5
14%
1.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
Meituan
HKEX:3690
Average EV/EBITDA: 115.1
Negative Multiple: -148.7
5%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
18.2
28%
0.6
ZA
N
Naspers Ltd
JSE:NPN
Not Available
64%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
158.1
13%
12.2
CN
PDD Holdings Inc
NASDAQ:PDD
47.6
13%
3.7
NL
Prosus NV
AEX:PRX
693.7
75%
9.2
UY
MercadoLibre Inc
BMV:MELIN
1.5
31%
0
AR
Mercadolibre Inc
NASDAQ:MELI
26.4
31%
0.9
US
D
DoorDash Inc
NASDAQ:DASH
65.5
101%
0.6
CN
JD.Com Inc
HKEX:9618
9.2
7%
1.3
US
eBay Inc
NASDAQ:EBAY
15.4
14%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
Meituan
HKEX:3690
Average EV/EBIT: 124.2
Negative Multiple: -148.7
1%
N/A
US
Amazon.com Inc
NASDAQ:AMZN
33
23%
1.4
ZA
N
Naspers Ltd
JSE:NPN
Not Available
111%
N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
158.1
14%
11.3
CN
PDD Holdings Inc
NASDAQ:PDD
47.6
13%
3.7
NL
Prosus NV
AEX:PRX
693.7
97%
7.2
UY
MercadoLibre Inc
BMV:MELIN
1.8
31%
0.1
AR
Mercadolibre Inc
NASDAQ:MELI
32.5
31%
1
US
D
DoorDash Inc
NASDAQ:DASH
124
281%
0.4
CN
JD.Com Inc
HKEX:9618
9.2
4%
2.3
US
eBay Inc
NASDAQ:EBAY
17.7
15%
1.2