Meituan
HKEX:3690
US |
Johnson & Johnson
NYSE:JNJ
|
Pharmaceuticals
|
|
US |
Berkshire Hathaway Inc
NYSE:BRK.A
|
Financial Services
|
|
US |
Bank of America Corp
NYSE:BAC
|
Banking
|
|
US |
Mastercard Inc
NYSE:MA
|
Technology
|
|
US |
Abbvie Inc
NYSE:ABBV
|
Biotechnology
|
|
US |
Pfizer Inc
NYSE:PFE
|
Pharmaceuticals
|
|
US |
Palantir Technologies Inc
NYSE:PLTR
|
Technology
|
|
US |
Nike Inc
NYSE:NKE
|
Textiles, Apparel & Luxury Goods
|
|
US |
Visa Inc
NYSE:V
|
Technology
|
|
CN |
Alibaba Group Holding Ltd
NYSE:BABA
|
Retail
|
|
US |
3M Co
NYSE:MMM
|
Industrial Conglomerates
|
|
US |
JPMorgan Chase & Co
NYSE:JPM
|
Banking
|
|
US |
Coca-Cola Co
NYSE:KO
|
Beverages
|
|
US |
Realty Income Corp
NYSE:O
|
Real Estate
|
|
US |
Walt Disney Co
NYSE:DIS
|
Media
|
|
US |
PayPal Holdings Inc
NASDAQ:PYPL
|
Technology
|
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
52 Week Range |
62.55
213.4
|
Price Target |
|
We'll email you a reminder when the closing price reaches HKD.
Choose the stock you wish to monitor with a price alert.
Johnson & Johnson
NYSE:JNJ
|
US | |
Berkshire Hathaway Inc
NYSE:BRK.A
|
US | |
Bank of America Corp
NYSE:BAC
|
US | |
Mastercard Inc
NYSE:MA
|
US | |
Abbvie Inc
NYSE:ABBV
|
US | |
Pfizer Inc
NYSE:PFE
|
US | |
Palantir Technologies Inc
NYSE:PLTR
|
US | |
Nike Inc
NYSE:NKE
|
US | |
Visa Inc
NYSE:V
|
US | |
Alibaba Group Holding Ltd
NYSE:BABA
|
CN | |
3M Co
NYSE:MMM
|
US | |
JPMorgan Chase & Co
NYSE:JPM
|
US | |
Coca-Cola Co
NYSE:KO
|
US | |
Realty Income Corp
NYSE:O
|
US | |
Walt Disney Co
NYSE:DIS
|
US | |
PayPal Holdings Inc
NASDAQ:PYPL
|
US |
This alert will be permanently deleted.
Intrinsic Value
The intrinsic value of one Meituan stock under the Base Case scenario is 104.41 HKD. Compared to the current market price of 193.7 HKD, Meituan is Overvalued by 46%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
Meituan
Uncover deeper insights with the Valuation Backtest. Learn how current stock valuations stack up against historical averages to gauge true investment potential.
Start backtest now and learn if your stock is truly undervalued or overvalued!
Stock is trading at its lowest valuation over the past 5 years.
To access the results of this valuation backtest, please register an account with us. Registration is quick and gives you instant access to insights on 3 stocks per week for free.
The backtest for Meituan cannot be conducted due to limitations such as insufficient data or other constraints. Please select a different stock or adjust your settings.
Fundamental Analysis
Select up to 3 indicators:
Select up to 3 indicators:
Months
Months
Months
Months
Select up to 2 periods:
Meituan, a Chinese technology-driven service platform, has emerged as a transformative player in the on-demand economy, blending food delivery, travel booking, restaurant reservations, and more into a cohesive user experience. Founded in 2010, the company has rapidly expanded its service offerings, leveraging its robust logistics network and advanced data analytics to cater to the evolving needs of modern consumers. With over 500 million annual active users, Meituan has established itself as a household name in China, with its core business segment, food delivery, leading the market through innovation and strategic partnerships. Importantly, its brand positions itself as an essential app for...
Meituan, a Chinese technology-driven service platform, has emerged as a transformative player in the on-demand economy, blending food delivery, travel booking, restaurant reservations, and more into a cohesive user experience. Founded in 2010, the company has rapidly expanded its service offerings, leveraging its robust logistics network and advanced data analytics to cater to the evolving needs of modern consumers. With over 500 million annual active users, Meituan has established itself as a household name in China, with its core business segment, food delivery, leading the market through innovation and strategic partnerships. Importantly, its brand positions itself as an essential app for everyday needs, providing investors with confidence in its sustained relevance in a competitive landscape.
As an investor, understanding Meituan's multifaceted revenue streams is crucial. The company not only benefits from food delivery fees but also garners income through hotel bookings, movie tickets, and various lifestyle services, creating a diversified business model aimed at reducing dependence on any single segment. In response to increasing competition, Meituan has consistently focused on enhancing user experience through cutting-edge technology, such as AI and big data, optimizing its delivery efficiency and customer service. However, as it navigates regulatory scrutiny and market challenges, the company remains committed to its long-term vision of being a one-stop shop for consumer services, positioning itself favorably for sustainable growth and potentially attractive returns in the years to come.
Meituan, a leading Chinese e-commerce platform, primarily focuses on local services across several core business segments. Here’s an overview of its main areas of operation:
-
Food Delivery (Meituan Waimai): This segment operates one of the largest food delivery services in China, allowing users to order food from a wide range of local restaurants. It includes features like real-time order tracking and smart algorithms for efficient delivery routing.
-
Restaurant and Retail Services: Meituan provides services that support both restaurant owners and retail businesses, such as online ordering, table reservations, and promotional services. This segment also offers tools for managing customer interactions and enhancing operational efficiency.
-
Accommodation and Travel Services: This includes hotel bookings, vacation rentals, and travel-related services. Meituan helps users find and book accommodations, offers travel packages, and provides information on local attractions.
-
In-store Services: Meituan extends its services beyond online platforms, offering reservations and deals for various in-store services, including beauty treatments, spas, and recreational activities.
-
Bike-sharing and Mobility Services: Although not as prominent as its other segments, Meituan also has offerings related to bike-sharing and other local transportation services, helping users navigate urban environments.
-
Community Group Buying: This growing segment allows users to buy products collectively at a discounted price, often facilitated through social media or community platforms. This model has gained traction, especially in smaller towns and rural areas.
-
New Initiatives and Logistics: Meituan is increasingly investing in logistics services to enhance its delivery capabilities across all segments. It is also exploring new technologies like autonomous delivery vehicles and drone deliveries to improve efficiency.
Meituan’s diversified business model allows it to leverage its broad user base and extensive service offerings, positioning it as a key player in China's local services market. Its focus on user experience, technology, and operational efficiency is central to its competitive advantage.
Meituan, a leading service platform in China, has several unique competitive advantages that differentiate it from rivals in the crowded marketplace. Here are some key advantages:
-
Diversified Service Offerings: Meituan operates across various sectors, including food delivery, hotel booking, travel services, and on-demand services. This diversification helps the company attract and retain a larger user base, as customers can access multiple services through a single platform.
-
Strong Brand Recognition: As one of China’s largest service-oriented platforms, Meituan has built significant brand equity. Its reputation for reliability and quality service helps to foster customer loyalty and attract new users.
-
Extensive User Base: Meituan has a vast and active consumer base, which creates network effects. As more users join the platform, it becomes more valuable for merchants and service providers, further enhancing Meituan's competitive position.
-
Robust Logistics and Delivery Network: The company boasts an efficient and expansive logistics network for food delivery and other services. This capability enables timely service, which is critical in retaining customers in the competitive on-demand economy.
-
Data-Driven Insights: Meituan leverages big data analytics to optimize operations, recommend personalized services, and enhance the user experience. This data-driven approach allows for better decision-making and operational efficiencies.
-
Strong Partnerships with Local Businesses: Meituan collaborates with a vast number of local restaurants and service providers, which not only increases its offerings but also fosters community engagement, helping small businesses thrive while providing diverse choices for customers.
-
Technological Innovation: Continuous investment in technology, including artificial intelligence and machine learning, enhances Meituan’s operational efficiency and improves service delivery, allowing it to stay ahead of competitors.
-
User Experience and Interface: Meituan focuses on providing a seamless user experience through its intuitive app design and functionality, making it easier for consumers to navigate the services offered.
-
Large Scale and Economies of Scale: With a vast operational scale, Meituan can benefit from economies of scale, which allow it to reduce costs and improve profit margins compared to smaller competitors.
-
Adaptability and Agility: Meituan has demonstrated the ability to quickly adapt to market changes and consumer preferences, which is particularly important in the rapidly evolving digital and service sectors.
-
Government Relations and Support: Being a prominent player in a key industry, Meituan can leverage its stature to foster favorable relations with government bodies, which can be crucial in navigating regulatory landscapes.
By leveraging these competitive advantages, Meituan positions itself favorably against rivals, helping to secure its market leadership and explore new growth opportunities.
Meituan, a leading Chinese on-demand service platform, faces several risks and challenges in the near future, including:
-
Regulatory Changes: The Chinese government has been tightening regulations on various tech sectors, including food delivery and ride-hailing services. New regulations can lead to increased compliance costs and operational restrictions.
-
Intense Competition: The market for food delivery and on-demand services in China is highly competitive, with rivals such as Ele.me and Didi. Increased competition can lead to price wars and decreased margins.
-
Market Saturation: With many players and services in the on-demand market, achieving growth in saturated urban markets can be challenging. This could limit new customer acquisition.
-
Profitability Pressure: Meituan’s rapid expansion has led to significant spending on promotions and subsidies. Continued pressure to achieve profitability while competing aggressively is a significant challenge.
-
Supply Chain Disruptions: Events like the COVID-19 pandemic highlighted vulnerabilities in supply chains. Any future disruptions could affect service delivery and operational efficiency.
-
Consumer Preferences: Changing consumer behaviors and preferences, especially post-pandemic, could shift demand patterns. If Meituan fails to adapt quickly, it could lose market share.
-
Technology Dependence: Reliance on technology for service delivery poses risks, including cybersecurity threats and issues with system outages that could lead to service interruptions.
-
Labor Relations: The gig economy workforce, which Meituan relies on, often faces issues related to labor rights and contract conditions. Increased scrutiny and potential regulatory changes regarding gig workers could impact operations.
-
Economic Conditions: Macroeconomic factors such as inflation, economic slowdown, or reduced consumer spending could negatively affect demand for Meituan’s services.
-
Global Expansion Challenges: While Meituan focuses on the Chinese market, any plans for global expansion could be hampered by geopolitical tensions, different regulatory environments, and local competition.
Addressing these challenges effectively will be crucial for Meituan's sustained growth and market leadership.
Revenue & Expenses Breakdown
Meituan
Balance Sheet Decomposition
Meituan
Current Assets | 170.3B |
Cash & Short-Term Investments | 133.3B |
Receivables | 12.1B |
Other Current Assets | 24.9B |
Non-Current Assets | 115.3B |
Long-Term Investments | 49.9B |
PP&E | 29.8B |
Intangibles | 30.3B |
Other Non-Current Assets | 5.2B |
Current Liabilities | 94.3B |
Accounts Payable | 23B |
Accrued Liabilities | 6.7B |
Short-Term Debt | 10.8B |
Other Current Liabilities | 53.8B |
Non-Current Liabilities | 30.7B |
Long-Term Debt | 29.2B |
Other Non-Current Liabilities | 1.6B |
Earnings Waterfall
Meituan
Revenue
|
305.7B
CNY
|
Cost of Revenue
|
-194.1B
CNY
|
Gross Profit
|
111.6B
CNY
|
Operating Expenses
|
-88.2B
CNY
|
Operating Income
|
23.4B
CNY
|
Other Expenses
|
-860.3m
CNY
|
Net Income
|
22.5B
CNY
|
Free Cash Flow Analysis
Meituan
CNY | |
Free Cash Flow | CNY |
In Q2 2024, Meituan achieved a 21% year-over-year revenue increase to RMB 82.3 billion, with adjusted net profit surging by 77.6% to RMB 13.6 billion and a net profit margin of 16.5%. The company reported robust growth in Annual Transacting Users and Annual Active Merchants, reaching 753 million and 13 million respectively. Cost efficiency improved across food retail and delivery segments, contributing to profit gains. New initiatives, including Meituan Select, showed significant loss reduction. Looking ahead, Meituan remains focused on enhancing operational efficiencies and leveraging synergies across its core local commerce and new initiatives to sustain growth and profitability.
What is Earnings Call?
Profitability Score
Profitability Due Diligence
Meituan's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
Score
Meituan's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Meituan's solvency score is 87/100. The higher the solvency score, the more solvent the company is.
Score
Meituan's solvency score is 87/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Meituan
According to Wall Street analysts, the average 1-year price target for Meituan is 157.45 HKD with a low forecast of 110.46 HKD and a high forecast of 215.08 HKD.
Dividends
Current shareholder yield for Meituan is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Profile
Country
Industry
Market Cap
Dividend Yield
Description
Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. The company is headquartered in Beijing, Beijing and currently employs 100,033 full-time employees. The company went IPO on 2018-09-20. The firm connects consumers and businesses to provide services satisfying people's daily eating needs. The firm owns an instant food ordering and delivery brand, Meituan, as well as provides services through its mobile application, Meituan. The firm is also engaged in the operation of a bike-sharing brand, Mobike.
Contact
IPO
Employees
Officers
The intrinsic value of one Meituan stock under the Base Case scenario is 104.41 HKD.
Compared to the current market price of 193.7 HKD, Meituan is Overvalued by 46%.