View Future GrowthMeituan 과거 순이익 실적과거 기준 점검 0/6Meituan은 연평균 40.9%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 연평균 7.5%의 비율로 증가했습니다. 매출은 연평균 20.5%의 비율로 증가했습니다.핵심 정보40.88%순이익 성장률28.93%주당순이익(EPS) 성장률Hospitality 산업 성장률-11.79%매출 성장률20.49%자기자본이익률-15.47%순이익률-6.40%다음 순이익 업데이트01 Jun 2026최근 과거 실적 업데이트공시 • May 21Meituan to Report Q1, 2026 Results on Jun 01, 2026Meituan announced that they will report Q1, 2026 results After-Market on Jun 01, 2026공시 • Mar 16Meituan to Report Fiscal Year 2025 Results on Mar 26, 2026Meituan announced that they will report fiscal year 2025 results on Mar 26, 2026공시 • Nov 18Meituan to Report Q3, 2025 Results on Nov 28, 2025Meituan announced that they will report Q3, 2025 results on Nov 28, 2025Reported Earnings • Aug 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CN¥91.8b (up 12% from 2Q 2024). Net income: CN¥365.3m (down 97% from 2Q 2024). Profit margin: 0.4% (down from 14% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany.공시 • Aug 17Meituan to Report First Half, 2025 Results on Aug 27, 2025Meituan announced that they will report first half, 2025 results on Aug 27, 2025공시 • May 14Meituan to Report Q1, 2025 Results on May 26, 2025Meituan announced that they will report Q1, 2025 results on May 26, 2025모든 업데이트 보기Recent updates공시 • May 21Meituan to Report Q1, 2026 Results on Jun 01, 2026Meituan announced that they will report Q1, 2026 results After-Market on Jun 01, 2026공시 • Mar 16Meituan to Report Fiscal Year 2025 Results on Mar 26, 2026Meituan announced that they will report fiscal year 2025 results on Mar 26, 2026공시 • Feb 13Meituan Provides Earning Guidance for the Year Ended December 31, 2025Meituan provided earning guidance for the year ended December 31, 2025. For the period, the Group expects to record a loss in the range of approximately RMB 23,300 million to RMB 24,300 million for the year ended December 31, 2025 (the "FY2025"), as compared to a profit of approximately RMB 35,808 million for the year ended December 31, 2024 (the "FY2024"). The expected loss of the Group in FY2025 was primarily due to a reversal from an operating profit of approximately RMB 52,415 million in FY2024 to an operating loss of approximately RMB 6,800 million to RMB 7,000 million in FY2025 for the Core Local Commerce segment, together with increased investments in the Group's overseas businesses. In particular, in response to the unprecedentedly intense industry competition in FY2025, the Group strategically increased investments across its entire ecosystem to strengthen its core advantages and drive sustainable growth. These initiatives mainly included: (i) on the consumer front, enhancing marketing and promotional efforts to strengthen brand awareness and price competitiveness, thereby continuously improving user transaction activity and engagement; (ii) on the delivery front, increasing incentives and enriching benefits for couriers to ensure service quality and enhance user experience; and (iii) on the merchant front, maintaining proactive resource investment to support merchants in improving operational efficiency, expanding consumer reach, iterating business models, and achieving steady growth.공시 • Nov 18Meituan to Report Q3, 2025 Results on Nov 28, 2025Meituan announced that they will report Q3, 2025 results on Nov 28, 2025Reported Earnings • Aug 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CN¥91.8b (up 12% from 2Q 2024). Net income: CN¥365.3m (down 97% from 2Q 2024). Profit margin: 0.4% (down from 14% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany.공시 • Aug 17Meituan to Report First Half, 2025 Results on Aug 27, 2025Meituan announced that they will report first half, 2025 results on Aug 27, 2025공시 • Jun 25Naspers May Sell Part of Its 4% Stake in MeituanNaspers Limited (JSE:NPN) is prepared to sell down its ZAR 71 billion stake in the world's largest food delivery company following moves by China's Meituan (SEHK:3690) to enter Brazil, a market in which the JSE-listed group is already dominant. In May, Chinese technology and delivery giant Meituan said it was preparing to launch its food delivery service, Keeta, in Brazil. The company plans to invest $1 billion (ZAR 17.78 billion) over the next five years to establish and expand its operations in the country. This expansion marks Meituan's entry into the South American market. For Naspers, which holds a stake in Meituan of about 4%, the move presents a conundrum as it already operates one of the largest food delivery businesses in the region, iFood. Meituan's entry would see two of its associated companies directly competing in Brazil. During an investor call late on Monday, Naspers and Prosus CEO Fabricio Bloisi said the group may sell part of the stake in Meituan, using the funds to invest in its own e-commerce businesses. The former iFood CEO is bearish about the Chinese company's ability to crack the Latin America market, saying there is a high chance of failure. "Our strategy is to invest more in companies that reinforce our ecosystem and we are going to keep doing that aggressively. I think Meituan has less probability of winning internationally," said Bloisi. "They are going to face some tough competition. As a Meituan shareholder I am disappointed because their risk of failing increases. Therefore, we might sell part of the Meituan shares, [to invest] in other areas with more connection to our existing ecosystems." Such a move is likely to unlock a big cash pile for Naspers, whose Meituan stake is valued about $4 billion (ZAR 71.1 billion). Naspers acquired this stake in 2022 after Chinese internet giant Tencent decided to distribute its 17% stake in Meituan to shareholders. "If we say let's invest more in some businesses in Latin America that we believe will reinforce our ecosystem, we could sell part of [our] Meituan shares, or everything that we think is reasonable, to invest more to reinforce our ecosystem," Bloisi said. "And we are going to do that, looking to our shareholders. If we have opportunities to grow faster and better than Meituan in some of our ecosystems, we will do it." For Meituan, this move is part a broader global expansion strategy, following its previous expansions into Hong Kong and the Middle East.공시 • May 16Meituan, Annual General Meeting, Jun 09, 2025Meituan, Annual General Meeting, Jun 09, 2025, at 14:00 China Standard Time. Location: meituan exhibition center, block a, hengjiweiye building, no. 4 wang jing east road, chaoyang district, beijing., China공시 • May 14Meituan to Report Q1, 2025 Results on May 26, 2025Meituan announced that they will report Q1, 2025 results on May 26, 2025공시 • Mar 11Meituan to Report Fiscal Year 2024 Results on Mar 21, 2025Meituan announced that they will report fiscal year 2024 results on Mar 21, 2025공시 • Feb 28KKR, Fountainvest and PAG Reportedly Among Those Eyeing Starbucks China StakeKKR & Co (KKR.N), Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks Corporation (NasdaqGS:SBUX) China business (Starbucks (China) Company Limited), four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market. Chinese companies, including state-owned conglomerate China Resources (Holdings) Co., Ltd. and food delivery giant Meituan (SEHK:3690), have also been approached as potential buyers, said one of the sources with knowledge of the matter. Starbucks' Executive Vice President and Chief Financial Officer, Rachel Ruggeri, is expected to be among senior company executives visiting China in the coming weeks to hold sale talks, said two of the four sources. All the sources spoke on condition of anonymity as the information is not public yet. The talks come as Starbucks CEO Brian Niccol, who took the top job at the coffee chain in August, faces the daunting task of steering the company back to growth amid falling demand in the U.S. and China as well as a decline in its share price. Starbucks said on February 24, 2025 it would eliminate 1,100 corporate roles as Niccol's "Back to Starbucks" plan focuses on streamlining business through job cuts and by improving customer experience at its U.S. stores. The size of the stake to be sold in Starbucks' China business has not been determined and would be subject to negotiations, the sources said. The names of the interested bidders have not been previously reported. The Seattle-based company would likely prefer a franchisee deal with a strategic partner as part of a stake sale plan, said two of the sources. In a franchisee deal, Starbucks China would be valued at more than $1 billion, they added. A Starbucks spokesperson declined to confirm the content of the story and referred Reuters request for comment to Niccol's remarks on China at the earnings call in January, after his first market visit to China. Niccol said at the time that he saw several near-term changes Starbucks could make to strengthen its business while continuing to explore strategic partnerships to grow in China. KKR, PAG and China Resources declined to comment, while Fountainvest and Meituan did not respond. Starbucks is aiming to reach a deal for its China business by the end of this year, although the structure of the potential transaction has not been finalised and is subject to changes, two of the sources said. In China, the chain is dealing with sluggish economic growth and stiff competition from local brands such as Luckin Coffee, which has gained market share with cheaper products and wider coverage in lower-tier cities. Starbucks has been in informal talks with several private equity firms and companies since the second half of 2024 about strategic options for its business in China, home to more than a fifth of all Starbucks stores, the sources said.공시 • Nov 19Meituan to Report Q3, 2024 Results on Nov 29, 2024Meituan announced that they will report Q3, 2024 results on Nov 29, 2024Buy Or Sell Opportunity • Nov 09Now 24% undervaluedOver the last 90 days, the stock has risen 82% to €22.20. The fair value is estimated to be €29.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.Valuation Update With 7 Day Price Move • Oct 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €22.92, the stock trades at a forward P/E ratio of 27x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 22% over the past three years.New Risk • Oct 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €30m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Significant insider selling over the past 3 months (€30m sold).Recent Insider Transactions • Oct 04Co-Founder recently sold €30m worth of stockOn the 30th of September, Rongjun Mu sold around 2m shares on-market at roughly €19.83 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €57m.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €18.90, the stock trades at a forward P/E ratio of 24x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 28% over the past three years.New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공시 • Aug 29Meituan (SEHK:3690) announces an Equity Buyback.Meituan (SEHK:3690) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its Class B ordinary shares.Reported Earnings • Aug 29First half 2024 earnings released: EPS: CN¥2.70 (vs CN¥1.30 in 1H 2023)First half 2024 results: EPS: CN¥2.70 (up from CN¥1.30 in 1H 2023). Revenue: CN¥155.5b (up 23% from 1H 2023). Net income: CN¥16.7b (up 108% from 1H 2023). Profit margin: 11% (up from 6.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.공시 • Aug 15Meituan to Report First Half, 2024 Results on Aug 28, 2024Meituan announced that they will report first half, 2024 results on Aug 28, 2024Reported Earnings • Jun 07First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥73.3b (up 25% from 1Q 2023). Net income: CN¥5.37b (up 60% from 1Q 2023). Profit margin: 7.3% (up from 5.7% in 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany.공시 • May 25Meituan to Report Q1, 2024 Results on Jun 06, 2024Meituan announced that they will report Q1, 2024 results After-Market on Jun 06, 2024Recent Insider Transactions • May 03Co-Founder recently sold €14m worth of stockOn the 26th of April, Rongjun Mu sold around 1m shares on-market at roughly €13.85 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €57m.Reported Earnings • Apr 30Full year 2023 earnings released: EPS: CN¥2.23 (vs CN¥1.09 loss in FY 2022)Full year 2023 results: EPS: CN¥2.23 (up from CN¥1.09 loss in FY 2022). Revenue: CN¥276.7b (up 26% from FY 2022). Net income: CN¥13.9b (up CN¥20.5b from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥2.23 (vs CN¥1.09 loss in FY 2022)Full year 2023 results: EPS: CN¥2.23 (up from CN¥1.09 loss in FY 2022). Revenue: CN¥276.7b (up 26% from FY 2022). Net income: CN¥13.9b (up CN¥20.5b from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Mar 22Meituan Appoints Marjorie Mun Tak Yang as Member of the Audit CommitteeMeituan announced that, Ms. Marjorie Mun Tak Yang (Ms. Yang), an independent non-executive director of the company, has been appointed as a member of the audit committee of the company (the audit committee), with effect from March 22, 2024.공시 • Mar 13Meituan to Report Q4, 2023 Results on Mar 22, 2024Meituan announced that they will report Q4, 2023 results After-Market on Mar 22, 2024New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €10.57, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.13 per share.공시 • Nov 17Meituan to Report Q3, 2023 Results on Nov 28, 2023Meituan announced that they will report Q3, 2023 results After-Market on Nov 28, 2023New Risk • Oct 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €28m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€28m sold).Recent Insider Transactions • Oct 05Co-Founder recently sold €14m worth of stockOn the 27th of September, Rongjun Mu sold around 1m shares on-market at roughly €13.98 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €69m.Reported Earnings • Oct 01Second quarter 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.18 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.75 (up from CN¥0.18 loss in 2Q 2022). Revenue: CN¥68.0b (up 33% from 2Q 2022). Net income: CN¥4.69b (up CN¥5.80b from 2Q 2022). Profit margin: 6.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.Reported Earnings • Aug 25Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: CN¥68.0b (up 33% from 2Q 2022). Net income: CN¥4.69b (up CN¥5.80b from 2Q 2022). Profit margin: 6.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.공시 • Aug 12Meituan to Report First Half, 2023 Results on Aug 24, 2023Meituan announced that they will report first half, 2023 results on Aug 24, 2023Buying Opportunity • Aug 02Now 22% undervaluedOver the last 90 days, the stock is up 6.3%. The fair value is estimated to be €20.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 50% per annum over the same time period.Recent Insider Transactions • Jul 06Co-Founder recently sold €2.4m worth of stockOn the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly €14.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €41m.공시 • Jul 01Meituan Approves to Elect Marjorie Mun Tak Yang as an Independent Non-Executive DirectorMeituan at its AGM held on June 30, 2023, approved to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director.공시 • Jun 27Meituan Announces Executive ChangesMeituan announced that Mr. Wang Huiwen has tendered his resignation as a non-executive director of the Company, a member of the nomination committee of the board of directors of the Company and an authorized representative of the Company each with effect from June 26, 2023, due to personal health reasons. Mr. Wang Huiwen confirmed that he has no disagreement with the Company and there are no circumstances related to his resignation above which need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following the Resignation, the Company announced that Mr. Mu Rongjun, executive Director, has been appointed as an Authorized Representative with effect from June 26, 2023. The company further announces that, following the Resignation, the composition of the Nomination Committee shall consist of Mr. Leng Xuesong and Dr. Shum Heung Yeung Harry, with Mr. Leng Xuesong continuously serving as the chairman of the Nomination Committee.공시 • Jun 09Meituan, Annual General Meeting, Jun 30, 2023Meituan, Annual General Meeting, Jun 30, 2023, at 14:00 China Standard Time. Location: Command Center of Meituan Beijing Office, Block A Hengjiweiye Building, No. 4 Wang Jing East Road, Chaoyang District Beijing China Agenda: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2022 and the reports of the Directors and independent auditor thereon; to consider conditional upon the passing of the special resolution set forth herein, to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director; to re-elect Mr. Wang Huiwen as a non-executive Director; to authorize the Board to fix the remuneration of the Directors; and to consider any other matters.Reported Earnings • May 30First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: CN¥58.6b (up 27% from 1Q 2022). Net income: CN¥3.36b (up CN¥9.06b from 1Q 2022). Profit margin: 5.7% (up from net loss in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.공시 • May 22Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong DebutMeituan introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market, to provide residents with more customized, efficient and reliable delivery services. Following the initial launch in Mong Kok and Tai Kok Tsui, the Company expects KeeTa to complete full coverage of the Hong Kong market by the end of this year. The KeeTa app is now available for download in major mobile app stores. Delivery services via KeeTa will start at 8:00 a.m., May 22, 2023 local time. Notable merchants that have joined KeeTa include brands like McDonald's, Maxim's MX (Mei Xin MX), KFC, Yoshinoya(Ji Ye Jia), Pacific Coffee, and popular food and beverage shops such as hana-musubi (Hua Yu Jie), Hung Fook Tong (Hong Fu Tang), and CHICHA San Chen(Chi Cha San Qian). Each newly registered KeeTa user will receive a gift coupon package valued at HKD 300, including special meal offers and delivery fee reductions.공시 • May 17Meituan to Report Q1, 2023 Results on May 25, 2023Meituan announced that they will report Q1, 2023 results After-Market on May 25, 2023Reported Earnings • Mar 25Full year 2022 earnings released: CN¥1.09 loss per share (vs CN¥3.90 loss in FY 2021)Full year 2022 results: CN¥1.09 loss per share (improved from CN¥3.90 loss in FY 2021). Revenue: CN¥220.0b (up 23% from FY 2021). Net loss: CN¥6.69b (loss narrowed 72% from FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Jan 22Co-Founder recently sold €19m worth of stockOn the 17th of January, Rongjun Mu sold around 1m shares on-market at roughly €19.47 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €43m.Recent Insider Transactions • Jan 05Co-Founder & Executive Director recently sold €11m worth of stockOn the 29th of December, Huiwen Wang sold around 512k shares on-market at roughly €21.94 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Huiwen has been a net seller over the last 12 months, reducing personal holdings by €12m.Reported Earnings • Nov 26Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥62.6b (up 29% from 3Q 2021). Net income: CN¥1.22b (up CN¥11.2b from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Recent Insider Transactions • Sep 03Co-Founder recently sold €157k worth of stockOn the 31st of August, Xing Wang sold around 7k shares on-market at roughly €24.16 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €54m. Xing has been a net seller over the last 12 months, reducing personal holdings by €3.5m.Reported Earnings • Aug 27Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: CN¥50.9b (up 17% from 2Q 2021). Net loss: CN¥1.12b (loss narrowed 67% from 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 30% growth forecast for the Online Retail industry in Germany.Recent Insider Transactions • Jul 28Insider recently sold €54m worth of stockOn the 21st of July, Nanpeng Shen sold around 2m shares on-market at roughly €24.16 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €243m more than they bought in the last 12 months.Recent Insider Transactions • Jul 05Co-Founder recently sold €4.0m worth of stockOn the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly €23.90 per share. This was the largest sale by an insider in the last 3 months. This was Rongjun's only on-market trade for the last 12 months.Recent Insider Transactions • Jun 21Co-Founder recently sold €958k worth of stockOn the 17th of June, Xing Wang sold around 40k shares on-market at roughly €23.94 per share. This was the largest sale by an insider in the last 3 months. Xing has been a seller over the last 12 months, reducing personal holdings by €2.8m.Reported Earnings • Jun 03First quarter 2022 earnings releasedFirst quarter 2022 results: CN¥0.93 loss per share. Revenue: CN¥46.3b (up 26% from 1Q 2021). Net loss: CN¥5.70b (loss widened 18% from 1Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 34% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be €21.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 27% in a year. Earnings is forecast to grow by 41% in the next year.Recent Insider Transactions • Dec 14Co-Founder recently sold €335k worth of stockOn the 8th of December, Xing Wang sold around 12k shares on-market at roughly €27.94 per share. In the last 3 months, there was an even bigger sale from another insider worth €85m. This was Xing's only on-market trade for the last 12 months.Reported Earnings • Nov 28Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: CN¥48.6b (up 38% from 3Q 2020). Net loss: CN¥9.99b (down 258% from profit in 3Q 2020). Revenue exceeded analyst estimates by 545%. Over the next year, revenue is forecast to grow 39%, compared to a 52% growth forecast for the industry in Germany.Recent Insider Transactions • Oct 28Insider recently sold €85m worth of stockOn the 25th of October, Nanpeng Shen sold around 3m shares on-market at roughly €31.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €131m more than they bought in the last 12 months.Recent Insider Transactions • Sep 14Insider recently sold €43m worth of stockOn the 7th of September, Nanpeng Shen sold around 2m shares on-market at roughly €28.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €46m more than they bought in the last 12 months.Reported Earnings • Aug 31Second quarter 2021 earnings releasedThe company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥43.8b (up 79% from 2Q 2020). Net loss: CN¥3.36b (down 252% from profit in 2Q 2020).Reported Earnings • May 29First quarter 2021 earnings released: CN¥0.82 loss per shareThe company reported a decent first quarter result with improved revenues, although losses increased and control over costs was weaker. First quarter 2021 results: Revenue: CN¥37.0b (up 124% from 1Q 2020). Net loss: CN¥4.85b (loss widened 207% from 1Q 2020).Reported Earnings • Apr 20Full year 2020 earnings released: EPS CN¥0.81 (vs CN¥0.39 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥113.9b (up 18% from FY 2019). Net income: CN¥4.71b (up 110% from FY 2019). Profit margin: 4.1% (up from 2.3% in FY 2019).Reported Earnings • Mar 27Full year 2020 earnings released: EPS CN¥0.81 (vs CN¥0.39 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥113.9b (up 18% from FY 2019). Net income: CN¥4.71b (up 110% from FY 2019). Profit margin: 4.1% (up from 2.3% in FY 2019).Is New 90 Day High Low • Feb 11New 90-day high: €45.55The company is up 42% from its price of €32.00 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.19 per share.Is New 90 Day High Low • Jan 20New 90-day high: €39.85The company is up 35% from its price of €29.46 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.73 per share.Reported Earnings • Dec 01Third quarter 2020 earnings released: EPS CN¥1.08The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥35.4b (up 30% from 3Q 2019). Net income: CN¥6.32b (up 374% from 3Q 2019). Profit margin: 18% (up from 4.9% in 3Q 2019). The increase in margin was driven by higher revenue.Analyst Estimate Surprise Post Earnings • Dec 01Revenue beats expectationsRevenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 49%, compared to a 46% growth forecast for the Online Retail industry in Germany.Is New 90 Day High Low • Oct 30New 90-day high: €32.90The company is up 58% from its price of €20.80 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.61 per share.Is New 90 Day High Low • Oct 10New 90-day high: €29.90The company is up 26% from its price of €23.76 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.09 per share.공시 • Aug 18Meituan Dianping to Report Q2, 2020 Results on Aug 21, 2020Meituan Dianping announced that they will report Q2, 2020 results at 5:00 PM, China Standard Time on Aug 21, 2020매출 및 비용 세부 내역Meituan가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:9MD 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Dec 25364,855-23,355114,85025,99830 Sep 25362,373-1,989100,83924,38930 Jun 25360,46229,50884,36522,74631 Mar 25350,87340,49576,69521,82531 Dec 24337,59235,80774,70421,05430 Sep 24322,80031,80273,89121,05930 Jun 24305,69022,53072,58321,08631 Mar 24291,40315,86671,74821,15431 Dec 23276,74513,85667,98921,20130 Sep 23263,17810,55661,78121,01930 Jun 23249,3308,17955,73021,11231 Mar 23232,3042,37550,52720,90831 Dec 22219,955-6,68649,51720,74030 Sep 22209,349-10,94249,97420,07930 Jun 22195,560-22,15350,35819,38031 Mar 22188,380-24,39451,77018,07731 Dec 21179,128-23,53849,29616,67630 Sep 21168,155-20,44445,24715,34330 Jun 21154,508-4,12838,72213,59731 Mar 21135,2691,43931,15112,07331 Dec 20114,7954,70826,47710,89330 Sep 20104,2058,41123,4329,88330 Jun 2096,2883,42522,8529,05031 Mar 2094,2692,09222,7098,70631 Dec 1996,7422,23923,1588,44630 Sep 1988,272-2,64422,3598,18830 Jun 1979,940-87,27521,5488,05431 Mar 1972,511-95,85821,1457,72531 Dec 1864,771-115,47719,9407,07230 Sep 1855,756-114,21318,4226,23930 Jun 1846,497-35,27016,2705,26331 Mar 1838,314-33,76614,0344,29431 Dec 1733,928-18,91713,0683,64731 Dec 1612,988-10,8949,8182,36731 Dec 154,019-9,23110,0201,204양질의 수익: 9MD 은(는) 현재 수익성이 없습니다.이익 마진 증가: 9MD는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 9MD는 수익성이 없지만 지난 5년 동안 연평균 40.9%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 9MD의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 9MD은 수익성이 없어 지난 해 수익 성장률을 Hospitality 업계(112%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 9MD는 현재 수익성이 없으므로 자본 수익률이 음수(-15.47%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 04:08종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Meituan는 61명의 분석가가 다루고 있습니다. 이 중 37명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sau Shing ChowABCI Securities Company LimitedZixiao YangArete Research Services LLPJiong ShaoBarclays58명의 분석가 더 보기
공시 • May 21Meituan to Report Q1, 2026 Results on Jun 01, 2026Meituan announced that they will report Q1, 2026 results After-Market on Jun 01, 2026
공시 • Mar 16Meituan to Report Fiscal Year 2025 Results on Mar 26, 2026Meituan announced that they will report fiscal year 2025 results on Mar 26, 2026
공시 • Nov 18Meituan to Report Q3, 2025 Results on Nov 28, 2025Meituan announced that they will report Q3, 2025 results on Nov 28, 2025
Reported Earnings • Aug 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CN¥91.8b (up 12% from 2Q 2024). Net income: CN¥365.3m (down 97% from 2Q 2024). Profit margin: 0.4% (down from 14% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany.
공시 • Aug 17Meituan to Report First Half, 2025 Results on Aug 27, 2025Meituan announced that they will report first half, 2025 results on Aug 27, 2025
공시 • May 14Meituan to Report Q1, 2025 Results on May 26, 2025Meituan announced that they will report Q1, 2025 results on May 26, 2025
공시 • May 21Meituan to Report Q1, 2026 Results on Jun 01, 2026Meituan announced that they will report Q1, 2026 results After-Market on Jun 01, 2026
공시 • Mar 16Meituan to Report Fiscal Year 2025 Results on Mar 26, 2026Meituan announced that they will report fiscal year 2025 results on Mar 26, 2026
공시 • Feb 13Meituan Provides Earning Guidance for the Year Ended December 31, 2025Meituan provided earning guidance for the year ended December 31, 2025. For the period, the Group expects to record a loss in the range of approximately RMB 23,300 million to RMB 24,300 million for the year ended December 31, 2025 (the "FY2025"), as compared to a profit of approximately RMB 35,808 million for the year ended December 31, 2024 (the "FY2024"). The expected loss of the Group in FY2025 was primarily due to a reversal from an operating profit of approximately RMB 52,415 million in FY2024 to an operating loss of approximately RMB 6,800 million to RMB 7,000 million in FY2025 for the Core Local Commerce segment, together with increased investments in the Group's overseas businesses. In particular, in response to the unprecedentedly intense industry competition in FY2025, the Group strategically increased investments across its entire ecosystem to strengthen its core advantages and drive sustainable growth. These initiatives mainly included: (i) on the consumer front, enhancing marketing and promotional efforts to strengthen brand awareness and price competitiveness, thereby continuously improving user transaction activity and engagement; (ii) on the delivery front, increasing incentives and enriching benefits for couriers to ensure service quality and enhance user experience; and (iii) on the merchant front, maintaining proactive resource investment to support merchants in improving operational efficiency, expanding consumer reach, iterating business models, and achieving steady growth.
공시 • Nov 18Meituan to Report Q3, 2025 Results on Nov 28, 2025Meituan announced that they will report Q3, 2025 results on Nov 28, 2025
Reported Earnings • Aug 27Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: CN¥91.8b (up 12% from 2Q 2024). Net income: CN¥365.3m (down 97% from 2Q 2024). Profit margin: 0.4% (down from 14% in 2Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany.
공시 • Aug 17Meituan to Report First Half, 2025 Results on Aug 27, 2025Meituan announced that they will report first half, 2025 results on Aug 27, 2025
공시 • Jun 25Naspers May Sell Part of Its 4% Stake in MeituanNaspers Limited (JSE:NPN) is prepared to sell down its ZAR 71 billion stake in the world's largest food delivery company following moves by China's Meituan (SEHK:3690) to enter Brazil, a market in which the JSE-listed group is already dominant. In May, Chinese technology and delivery giant Meituan said it was preparing to launch its food delivery service, Keeta, in Brazil. The company plans to invest $1 billion (ZAR 17.78 billion) over the next five years to establish and expand its operations in the country. This expansion marks Meituan's entry into the South American market. For Naspers, which holds a stake in Meituan of about 4%, the move presents a conundrum as it already operates one of the largest food delivery businesses in the region, iFood. Meituan's entry would see two of its associated companies directly competing in Brazil. During an investor call late on Monday, Naspers and Prosus CEO Fabricio Bloisi said the group may sell part of the stake in Meituan, using the funds to invest in its own e-commerce businesses. The former iFood CEO is bearish about the Chinese company's ability to crack the Latin America market, saying there is a high chance of failure. "Our strategy is to invest more in companies that reinforce our ecosystem and we are going to keep doing that aggressively. I think Meituan has less probability of winning internationally," said Bloisi. "They are going to face some tough competition. As a Meituan shareholder I am disappointed because their risk of failing increases. Therefore, we might sell part of the Meituan shares, [to invest] in other areas with more connection to our existing ecosystems." Such a move is likely to unlock a big cash pile for Naspers, whose Meituan stake is valued about $4 billion (ZAR 71.1 billion). Naspers acquired this stake in 2022 after Chinese internet giant Tencent decided to distribute its 17% stake in Meituan to shareholders. "If we say let's invest more in some businesses in Latin America that we believe will reinforce our ecosystem, we could sell part of [our] Meituan shares, or everything that we think is reasonable, to invest more to reinforce our ecosystem," Bloisi said. "And we are going to do that, looking to our shareholders. If we have opportunities to grow faster and better than Meituan in some of our ecosystems, we will do it." For Meituan, this move is part a broader global expansion strategy, following its previous expansions into Hong Kong and the Middle East.
공시 • May 16Meituan, Annual General Meeting, Jun 09, 2025Meituan, Annual General Meeting, Jun 09, 2025, at 14:00 China Standard Time. Location: meituan exhibition center, block a, hengjiweiye building, no. 4 wang jing east road, chaoyang district, beijing., China
공시 • May 14Meituan to Report Q1, 2025 Results on May 26, 2025Meituan announced that they will report Q1, 2025 results on May 26, 2025
공시 • Mar 11Meituan to Report Fiscal Year 2024 Results on Mar 21, 2025Meituan announced that they will report fiscal year 2024 results on Mar 21, 2025
공시 • Feb 28KKR, Fountainvest and PAG Reportedly Among Those Eyeing Starbucks China StakeKKR & Co (KKR.N), Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks Corporation (NasdaqGS:SBUX) China business (Starbucks (China) Company Limited), four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market. Chinese companies, including state-owned conglomerate China Resources (Holdings) Co., Ltd. and food delivery giant Meituan (SEHK:3690), have also been approached as potential buyers, said one of the sources with knowledge of the matter. Starbucks' Executive Vice President and Chief Financial Officer, Rachel Ruggeri, is expected to be among senior company executives visiting China in the coming weeks to hold sale talks, said two of the four sources. All the sources spoke on condition of anonymity as the information is not public yet. The talks come as Starbucks CEO Brian Niccol, who took the top job at the coffee chain in August, faces the daunting task of steering the company back to growth amid falling demand in the U.S. and China as well as a decline in its share price. Starbucks said on February 24, 2025 it would eliminate 1,100 corporate roles as Niccol's "Back to Starbucks" plan focuses on streamlining business through job cuts and by improving customer experience at its U.S. stores. The size of the stake to be sold in Starbucks' China business has not been determined and would be subject to negotiations, the sources said. The names of the interested bidders have not been previously reported. The Seattle-based company would likely prefer a franchisee deal with a strategic partner as part of a stake sale plan, said two of the sources. In a franchisee deal, Starbucks China would be valued at more than $1 billion, they added. A Starbucks spokesperson declined to confirm the content of the story and referred Reuters request for comment to Niccol's remarks on China at the earnings call in January, after his first market visit to China. Niccol said at the time that he saw several near-term changes Starbucks could make to strengthen its business while continuing to explore strategic partnerships to grow in China. KKR, PAG and China Resources declined to comment, while Fountainvest and Meituan did not respond. Starbucks is aiming to reach a deal for its China business by the end of this year, although the structure of the potential transaction has not been finalised and is subject to changes, two of the sources said. In China, the chain is dealing with sluggish economic growth and stiff competition from local brands such as Luckin Coffee, which has gained market share with cheaper products and wider coverage in lower-tier cities. Starbucks has been in informal talks with several private equity firms and companies since the second half of 2024 about strategic options for its business in China, home to more than a fifth of all Starbucks stores, the sources said.
공시 • Nov 19Meituan to Report Q3, 2024 Results on Nov 29, 2024Meituan announced that they will report Q3, 2024 results on Nov 29, 2024
Buy Or Sell Opportunity • Nov 09Now 24% undervaluedOver the last 90 days, the stock has risen 82% to €22.20. The fair value is estimated to be €29.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 28% per annum over the same time period.
Valuation Update With 7 Day Price Move • Oct 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €22.92, the stock trades at a forward P/E ratio of 27x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 22% over the past three years.
New Risk • Oct 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €30m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Significant insider selling over the past 3 months (€30m sold).
Recent Insider Transactions • Oct 04Co-Founder recently sold €30m worth of stockOn the 30th of September, Rongjun Mu sold around 2m shares on-market at roughly €19.83 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €57m.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €18.90, the stock trades at a forward P/E ratio of 24x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 28% over the past three years.
New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공시 • Aug 29Meituan (SEHK:3690) announces an Equity Buyback.Meituan (SEHK:3690) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its Class B ordinary shares.
Reported Earnings • Aug 29First half 2024 earnings released: EPS: CN¥2.70 (vs CN¥1.30 in 1H 2023)First half 2024 results: EPS: CN¥2.70 (up from CN¥1.30 in 1H 2023). Revenue: CN¥155.5b (up 23% from 1H 2023). Net income: CN¥16.7b (up 108% from 1H 2023). Profit margin: 11% (up from 6.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
공시 • Aug 15Meituan to Report First Half, 2024 Results on Aug 28, 2024Meituan announced that they will report first half, 2024 results on Aug 28, 2024
Reported Earnings • Jun 07First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: CN¥73.3b (up 25% from 1Q 2023). Net income: CN¥5.37b (up 60% from 1Q 2023). Profit margin: 7.3% (up from 5.7% in 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany.
공시 • May 25Meituan to Report Q1, 2024 Results on Jun 06, 2024Meituan announced that they will report Q1, 2024 results After-Market on Jun 06, 2024
Recent Insider Transactions • May 03Co-Founder recently sold €14m worth of stockOn the 26th of April, Rongjun Mu sold around 1m shares on-market at roughly €13.85 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €57m.
Reported Earnings • Apr 30Full year 2023 earnings released: EPS: CN¥2.23 (vs CN¥1.09 loss in FY 2022)Full year 2023 results: EPS: CN¥2.23 (up from CN¥1.09 loss in FY 2022). Revenue: CN¥276.7b (up 26% from FY 2022). Net income: CN¥13.9b (up CN¥20.5b from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥2.23 (vs CN¥1.09 loss in FY 2022)Full year 2023 results: EPS: CN¥2.23 (up from CN¥1.09 loss in FY 2022). Revenue: CN¥276.7b (up 26% from FY 2022). Net income: CN¥13.9b (up CN¥20.5b from FY 2022). Profit margin: 5.0% (up from net loss in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Mar 22Meituan Appoints Marjorie Mun Tak Yang as Member of the Audit CommitteeMeituan announced that, Ms. Marjorie Mun Tak Yang (Ms. Yang), an independent non-executive director of the company, has been appointed as a member of the audit committee of the company (the audit committee), with effect from March 22, 2024.
공시 • Mar 13Meituan to Report Q4, 2023 Results on Mar 22, 2024Meituan announced that they will report Q4, 2023 results After-Market on Mar 22, 2024
New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €10.57, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.13 per share.
공시 • Nov 17Meituan to Report Q3, 2023 Results on Nov 28, 2023Meituan announced that they will report Q3, 2023 results After-Market on Nov 28, 2023
New Risk • Oct 05New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €28m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€28m sold).
Recent Insider Transactions • Oct 05Co-Founder recently sold €14m worth of stockOn the 27th of September, Rongjun Mu sold around 1m shares on-market at roughly €13.98 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €69m.
Reported Earnings • Oct 01Second quarter 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.18 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.75 (up from CN¥0.18 loss in 2Q 2022). Revenue: CN¥68.0b (up 33% from 2Q 2022). Net income: CN¥4.69b (up CN¥5.80b from 2Q 2022). Profit margin: 6.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.
Reported Earnings • Aug 25Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: CN¥68.0b (up 33% from 2Q 2022). Net income: CN¥4.69b (up CN¥5.80b from 2Q 2022). Profit margin: 6.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year.
공시 • Aug 12Meituan to Report First Half, 2023 Results on Aug 24, 2023Meituan announced that they will report first half, 2023 results on Aug 24, 2023
Buying Opportunity • Aug 02Now 22% undervaluedOver the last 90 days, the stock is up 6.3%. The fair value is estimated to be €20.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 50% per annum over the same time period.
Recent Insider Transactions • Jul 06Co-Founder recently sold €2.4m worth of stockOn the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly €14.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €41m.
공시 • Jul 01Meituan Approves to Elect Marjorie Mun Tak Yang as an Independent Non-Executive DirectorMeituan at its AGM held on June 30, 2023, approved to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director.
공시 • Jun 27Meituan Announces Executive ChangesMeituan announced that Mr. Wang Huiwen has tendered his resignation as a non-executive director of the Company, a member of the nomination committee of the board of directors of the Company and an authorized representative of the Company each with effect from June 26, 2023, due to personal health reasons. Mr. Wang Huiwen confirmed that he has no disagreement with the Company and there are no circumstances related to his resignation above which need to be brought to the attention of the Stock Exchange and the shareholders of the Company. Following the Resignation, the Company announced that Mr. Mu Rongjun, executive Director, has been appointed as an Authorized Representative with effect from June 26, 2023. The company further announces that, following the Resignation, the composition of the Nomination Committee shall consist of Mr. Leng Xuesong and Dr. Shum Heung Yeung Harry, with Mr. Leng Xuesong continuously serving as the chairman of the Nomination Committee.
공시 • Jun 09Meituan, Annual General Meeting, Jun 30, 2023Meituan, Annual General Meeting, Jun 30, 2023, at 14:00 China Standard Time. Location: Command Center of Meituan Beijing Office, Block A Hengjiweiye Building, No. 4 Wang Jing East Road, Chaoyang District Beijing China Agenda: To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2022 and the reports of the Directors and independent auditor thereon; to consider conditional upon the passing of the special resolution set forth herein, to elect Ms. Marjorie Mun Tak Yang as an independent non-executive Director; to re-elect Mr. Wang Huiwen as a non-executive Director; to authorize the Board to fix the remuneration of the Directors; and to consider any other matters.
Reported Earnings • May 30First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: CN¥58.6b (up 27% from 1Q 2022). Net income: CN¥3.36b (up CN¥9.06b from 1Q 2022). Profit margin: 5.7% (up from net loss in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
공시 • May 22Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong DebutMeituan introduced KeeTa, a new food delivery brand as it officially launches in the Hong Kong market, to provide residents with more customized, efficient and reliable delivery services. Following the initial launch in Mong Kok and Tai Kok Tsui, the Company expects KeeTa to complete full coverage of the Hong Kong market by the end of this year. The KeeTa app is now available for download in major mobile app stores. Delivery services via KeeTa will start at 8:00 a.m., May 22, 2023 local time. Notable merchants that have joined KeeTa include brands like McDonald's, Maxim's MX (Mei Xin MX), KFC, Yoshinoya(Ji Ye Jia), Pacific Coffee, and popular food and beverage shops such as hana-musubi (Hua Yu Jie), Hung Fook Tong (Hong Fu Tang), and CHICHA San Chen(Chi Cha San Qian). Each newly registered KeeTa user will receive a gift coupon package valued at HKD 300, including special meal offers and delivery fee reductions.
공시 • May 17Meituan to Report Q1, 2023 Results on May 25, 2023Meituan announced that they will report Q1, 2023 results After-Market on May 25, 2023
Reported Earnings • Mar 25Full year 2022 earnings released: CN¥1.09 loss per share (vs CN¥3.90 loss in FY 2021)Full year 2022 results: CN¥1.09 loss per share (improved from CN¥3.90 loss in FY 2021). Revenue: CN¥220.0b (up 23% from FY 2021). Net loss: CN¥6.69b (loss narrowed 72% from FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Jan 22Co-Founder recently sold €19m worth of stockOn the 17th of January, Rongjun Mu sold around 1m shares on-market at roughly €19.47 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rongjun has been a net seller over the last 12 months, reducing personal holdings by €43m.
Recent Insider Transactions • Jan 05Co-Founder & Executive Director recently sold €11m worth of stockOn the 29th of December, Huiwen Wang sold around 512k shares on-market at roughly €21.94 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Huiwen has been a net seller over the last 12 months, reducing personal holdings by €12m.
Reported Earnings • Nov 26Third quarter 2022 earnings releasedThird quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥62.6b (up 29% from 3Q 2021). Net income: CN¥1.22b (up CN¥11.2b from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Recent Insider Transactions • Sep 03Co-Founder recently sold €157k worth of stockOn the 31st of August, Xing Wang sold around 7k shares on-market at roughly €24.16 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €54m. Xing has been a net seller over the last 12 months, reducing personal holdings by €3.5m.
Reported Earnings • Aug 27Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: CN¥50.9b (up 17% from 2Q 2021). Net loss: CN¥1.12b (loss narrowed 67% from 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 30% growth forecast for the Online Retail industry in Germany.
Recent Insider Transactions • Jul 28Insider recently sold €54m worth of stockOn the 21st of July, Nanpeng Shen sold around 2m shares on-market at roughly €24.16 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €243m more than they bought in the last 12 months.
Recent Insider Transactions • Jul 05Co-Founder recently sold €4.0m worth of stockOn the 30th of June, Rongjun Mu sold around 167k shares on-market at roughly €23.90 per share. This was the largest sale by an insider in the last 3 months. This was Rongjun's only on-market trade for the last 12 months.
Recent Insider Transactions • Jun 21Co-Founder recently sold €958k worth of stockOn the 17th of June, Xing Wang sold around 40k shares on-market at roughly €23.94 per share. This was the largest sale by an insider in the last 3 months. Xing has been a seller over the last 12 months, reducing personal holdings by €2.8m.
Reported Earnings • Jun 03First quarter 2022 earnings releasedFirst quarter 2022 results: CN¥0.93 loss per share. Revenue: CN¥46.3b (up 26% from 1Q 2021). Net loss: CN¥5.70b (loss widened 18% from 1Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 34% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jeff Leng was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be €21.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 27% in a year. Earnings is forecast to grow by 41% in the next year.
Recent Insider Transactions • Dec 14Co-Founder recently sold €335k worth of stockOn the 8th of December, Xing Wang sold around 12k shares on-market at roughly €27.94 per share. In the last 3 months, there was an even bigger sale from another insider worth €85m. This was Xing's only on-market trade for the last 12 months.
Reported Earnings • Nov 28Third quarter 2021 earnings: Revenues exceed analyst expectationsThird quarter 2021 results: Revenue: CN¥48.6b (up 38% from 3Q 2020). Net loss: CN¥9.99b (down 258% from profit in 3Q 2020). Revenue exceeded analyst estimates by 545%. Over the next year, revenue is forecast to grow 39%, compared to a 52% growth forecast for the industry in Germany.
Recent Insider Transactions • Oct 28Insider recently sold €85m worth of stockOn the 25th of October, Nanpeng Shen sold around 3m shares on-market at roughly €31.80 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €131m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 14Insider recently sold €43m worth of stockOn the 7th of September, Nanpeng Shen sold around 2m shares on-market at roughly €28.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €46m more than they bought in the last 12 months.
Reported Earnings • Aug 31Second quarter 2021 earnings releasedThe company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥43.8b (up 79% from 2Q 2020). Net loss: CN¥3.36b (down 252% from profit in 2Q 2020).
Reported Earnings • May 29First quarter 2021 earnings released: CN¥0.82 loss per shareThe company reported a decent first quarter result with improved revenues, although losses increased and control over costs was weaker. First quarter 2021 results: Revenue: CN¥37.0b (up 124% from 1Q 2020). Net loss: CN¥4.85b (loss widened 207% from 1Q 2020).
Reported Earnings • Apr 20Full year 2020 earnings released: EPS CN¥0.81 (vs CN¥0.39 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥113.9b (up 18% from FY 2019). Net income: CN¥4.71b (up 110% from FY 2019). Profit margin: 4.1% (up from 2.3% in FY 2019).
Reported Earnings • Mar 27Full year 2020 earnings released: EPS CN¥0.81 (vs CN¥0.39 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥113.9b (up 18% from FY 2019). Net income: CN¥4.71b (up 110% from FY 2019). Profit margin: 4.1% (up from 2.3% in FY 2019).
Is New 90 Day High Low • Feb 11New 90-day high: €45.55The company is up 42% from its price of €32.00 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.19 per share.
Is New 90 Day High Low • Jan 20New 90-day high: €39.85The company is up 35% from its price of €29.46 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.73 per share.
Reported Earnings • Dec 01Third quarter 2020 earnings released: EPS CN¥1.08The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥35.4b (up 30% from 3Q 2019). Net income: CN¥6.32b (up 374% from 3Q 2019). Profit margin: 18% (up from 4.9% in 3Q 2019). The increase in margin was driven by higher revenue.
Analyst Estimate Surprise Post Earnings • Dec 01Revenue beats expectationsRevenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 49%, compared to a 46% growth forecast for the Online Retail industry in Germany.
Is New 90 Day High Low • Oct 30New 90-day high: €32.90The company is up 58% from its price of €20.80 on 31 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.61 per share.
Is New 90 Day High Low • Oct 10New 90-day high: €29.90The company is up 26% from its price of €23.76 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.09 per share.
공시 • Aug 18Meituan Dianping to Report Q2, 2020 Results on Aug 21, 2020Meituan Dianping announced that they will report Q2, 2020 results at 5:00 PM, China Standard Time on Aug 21, 2020