Meituan

SEHK:3690 Stock Report

Market Cap: HK$514.0b

Meituan Future Growth

Future criteria checks 4/6

Meituan is forecast to grow earnings and revenue by 67.4% and 10% per annum respectively. EPS is expected to grow by 68.9% per annum. Return on equity is forecast to be 18.3% in 3 years.

Key information

67.4%

Earnings growth rate

68.93%

EPS growth rate

Hospitality earnings growth34.8%
Revenue growth rate10.0%
Future return on equity18.26%
Analyst coverage

Good

Last updated30 Apr 2026

Recent future growth updates

The Meituan (HKG:3690) Yearly Results Are Out And Analysts Have Published New Forecasts

Mar 29
The Meituan (HKG:3690) Yearly Results Are Out And Analysts Have Published New Forecasts

Recent updates

The Meituan (HKG:3690) Yearly Results Are Out And Analysts Have Published New Forecasts

Mar 29
The Meituan (HKG:3690) Yearly Results Are Out And Analysts Have Published New Forecasts

3690: Future Earnings Upside Will Depend On Core Commerce Margin Stability

Narrative Update on Meituan Analysts have reduced Meituan’s price target by $5 and now value the stock at $10, citing tightening core local commerce margins and heightened competition as key factors. Analyst Commentary Recent street research reflects a mix of optimism and caution among analysts regarding Meituan’s performance and outlook.

China Urbanization And Digital Payments Will Expand Market Opportunity

Meituan’s consensus price target was trimmed as its future P/E moved higher despite stable net margins, suggesting valuation multiples have expanded, with fair value revised to HK$131.41. What's in the News Meituan completed the repurchase of 42,305,400 shares (0.69% of outstanding shares) for $5,224.8 million under its ongoing buyback program.

Meituan (HKG:3690) Has A Rock Solid Balance Sheet

Jul 22
Meituan (HKG:3690) Has A Rock Solid Balance Sheet

We Like These Underlying Return On Capital Trends At Meituan (HKG:3690)

Jul 07
We Like These Underlying Return On Capital Trends At Meituan (HKG:3690)
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Innovation And Expansion In On-Demand Delivery Drive Growth And International Opportunities

Expansion in on-demand delivery and retail segments through innovation and partnerships is set to drive consumer engagement and revenue growth.

Earnings and Revenue Growth Forecasts

SEHK:3690 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028514,49633,79240,12057,45825
12/31/2027460,41121,15630,85240,63835
12/31/2026404,715-9,87315,45112,07538
12/31/2025364,855-23,355-27,086-13,815N/A
9/30/2025362,373-1,9894,3909,619N/A
6/30/2025360,46229,50836,01447,013N/A
3/31/2025350,87340,49550,29761,296N/A
12/31/2024337,59235,80746,14757,147N/A
9/30/2024322,80031,80239,97050,678N/A
6/30/2024305,69022,53041,70646,644N/A
3/31/2024291,40315,86631,57438,453N/A
12/31/2023276,74513,85633,64240,522N/A
9/30/2023263,17810,55629,74134,192N/A
6/30/2023249,3308,17927,92232,373N/A
3/31/2023232,3042,37525,00830,739N/A
12/31/2022219,955-6,6865,68011,411N/A
9/30/2022209,349-10,9422,2408,928N/A
6/30/2022195,560-22,153-11,195-4,507N/A
3/31/2022188,380-24,394-19,870-10,859N/A
12/31/2021179,128-23,538-13,022-4,011N/A
9/30/2021168,155-20,444-14,337-961N/A
6/30/2021154,508-4,128-11,9966,380N/A
3/31/2021135,2691,439-6,0969,084N/A
12/31/2020114,7954,708-7,3498,475N/A
9/30/2020104,2058,411-2,5656,959N/A
6/30/202096,2883,4251,7466,269N/A
3/31/202094,2692,0921,0153,816N/A
12/31/201996,7422,2392,5745,574N/A
9/30/201988,272-2,644N/AN/AN/A
6/30/201979,940-87,275N/A-3,816N/A
3/31/201972,511-95,858N/AN/AN/A
12/31/201864,771-115,477N/A-9,180N/A
9/30/201855,756-114,213N/AN/AN/A
6/30/201846,497-35,270N/A-4,381N/A
3/31/201838,314-33,766N/AN/AN/A
12/31/201733,928-18,917N/A-310N/A
12/31/201612,988-10,894N/A-1,918N/A
12/31/20154,019-9,231N/A-4,004N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3690 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.9%).

Earnings vs Market: 3690 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 3690 is expected to become profitable in the next 3 years.

Revenue vs Market: 3690's revenue (10% per year) is forecast to grow faster than the Hong Kong market (8.5% per year).

High Growth Revenue: 3690's revenue (10% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3690's Return on Equity is forecast to be low in 3 years time (18.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 10:03
End of Day Share Price 2026/05/04 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meituan is covered by 60 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sau Shing ChowABCI Securities Company Limited
Zixiao YangArete Research Services LLP
Jiong ShaoBarclays