Meituan, an investment holding company, provides an e-commerce platform that uses technology to connect consumers and merchants.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$242.60|
|52 Week High||HK$183.20|
|52 Week Low||HK$460.00|
|1 Month Change||6.87%|
|3 Month Change||-26.48%|
|1 Year Change||4.57%|
|3 Year Change||252.87%|
|5 Year Change||n/a|
|Change since IPO||233.93%|
Recent News & Updates
Does Meituan (HKG:3690) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|3690||HK Online Retail||HK Market|
Return vs Industry: 3690 exceeded the Hong Kong Online Retail industry which returned -8.5% over the past year.
Return vs Market: 3690 underperformed the Hong Kong Market which returned 5.6% over the past year.
Stable Share Price: 3690 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: 3690's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
Meituan, an investment holding company, provides an e-commerce platform that uses technology to connect consumers and merchants. It operates through Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others segments. The Food Delivery segment offers food ordering and delivery service through its platform.
Meituan Fundamentals Summary
|3690 fundamental statistics|
Is 3690 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3690 income statement (TTM)|
|Cost of Revenue||CN¥114.10b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.70|
|Net Profit Margin||-2.70%|
How did 3690 perform over the long term?See historical performance and comparison
Is Meituan undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3690 (HK$242.6) is trading below our estimate of fair value (HK$973.99)
Significantly Below Fair Value: 3690 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3690 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Online Retail industry average.
PE vs Market: 3690 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3690's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3690 is overvalued based on its PB Ratio (9.2x) compared to the HK Online Retail industry average (2.4x).
How is Meituan forecast to perform in the next 1 to 3 years based on estimates from 39 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
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 (1.5%).
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's is expected to become profitable in the next 3 years.
Revenue vs Market: 3690's revenue (24.5% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 3690's revenue (24.5% per year) is forecast to grow faster 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 (17.3%).
How has Meituan performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3690 is currently unprofitable.
Growing Profit Margin: 3690 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 3690 is unprofitable, but has reduced losses over the past 5 years at a rate of 43% per year.
Accelerating Growth: Unable to compare 3690's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 3690 is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (51.5%).
Return on Equity
High ROE: 3690 has a negative Return on Equity (-3.06%), as it is currently unprofitable.
How is Meituan's financial position?
Financial Position Analysis
Short Term Liabilities: 3690's short term assets (CN¥152.8B) exceed its short term liabilities (CN¥61.1B).
Long Term Liabilities: 3690's short term assets (CN¥152.8B) exceed its long term liabilities (CN¥41.2B).
Debt to Equity History and Analysis
Debt Level: 3690's debt to equity ratio (36.9%) is considered satisfactory.
Reducing Debt: 3690 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 3690 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 3690 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Meituan current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 3690's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 3690's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 3690's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3690's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 3690's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Xing Wang (42 yo)
Mr. Xing Wang has been a Director of Li Auto Inc. since July 2019. Mr. Wang is a co-founder, chief executive officer and chairman of Meituan, the leading e-commerce platform for services in China listed on...
CEO Compensation Analysis
Compensation vs Market: Xing's total compensation ($USD803.12K) is about average for companies of similar size in the Hong Kong market ($USD1.02M).
Compensation vs Earnings: Xing's compensation has been consistent with company performance over the past year.
Experienced Board: 3690's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 3690 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Meituan's employee growth, exchange listings and data sources
- Name: Meituan
- Ticker: 3690
- Exchange: SEHK
- Founded: 2003
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: HK$1.488t
- Shares outstanding: 6.13b
- Website: https://about.meituan.com
Number of Employees
- Hengjiweiye Building
- Block B&C
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 16:03|
|End of Day Share Price||2021/09/23 00:00|
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 here.