How does 3690's PE Ratio compare to its peers?

3690 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the peer average (17.1x).

How does 3690's PE Ratio compare vs other companies in the HK Hospitality Industry?

3690 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the Hong Kong Hospitality industry average (15.3x).

What is 3690's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3690 is expensive based on its Price-To-Earnings Ratio (40.2x) compared to the estimated Fair Price-To-Earnings Ratio (26.9x).

What is the Fair Price of 3690 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3690 (HK$164.3) is trading below our estimate of [[fair value]] (HK$379.58)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Meituan (SEHK:3690) - Stock Price, News & Analysis

3690 Stock Overview

Operates as a technology retail company in the People’s Republic of China. More details

3690 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	5/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 56.7% below our estimate of its fair value

Earnings are forecast to grow 28.59% per year

Earnings grew by 175.5% over the past year

Risk Analysis

Significant insider selling over the past 3 months

Meituan Competitors

Haidilao International Holding

SEHK:6862

HK$82.2b

Sichuan Baicha Baidao Industrial

SEHK:2555

HK$15.4b

Super Hi International Holding

SEHK:9658

HK$8.3b

Jiumaojiu International Holdings

SEHK:9922

HK$4.4b

Price History & Performance

Summary of all time highs, changes and price drops for Meituan
Historical stock prices
Current Share Price	HK$164.30
52 Week High	HK$217.00
52 Week Low	HK$61.10
Beta	0.52
11 Month Change	-11.14%
3 Month Change	59.82%
1 Year Change	59.51%
33 Year Change	-30.97%
5 Year Change	58.59%
Change since IPO	126.15%

We Think Meituan (HKG:3690) Can Manage Its Debt With Ease

Nov 26

Meituan's (HKG:3690) P/E Is On The Mark

Nov 04

Recent updates

Shareholder Returns

	3690	HK Hospitality	HK Market
7D	-4.4%	-3.1%	-2.1%
1Y	59.5%	18.7%	9.7%

Return vs Industry: 3690 exceeded the Hong Kong Hospitality industry which returned 18.7% over the past year.

Return vs Market: 3690 exceeded the Hong Kong Market which returned 9.7% over the past year.

Price Volatility

Is 3690's price volatile compared to industry and market?
3690 volatility
3690 Average Weekly Movement	10.2%
Hospitality Industry Average Movement	8.3%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.1%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 3690 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 3690's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	114,731	Xing Wang	about.meituan.com

Meituan operates as a technology retail company in the People’s Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.

Meituan Fundamentals Summary

How do Meituan's earnings and revenue compare to its market cap?
3690 fundamental statistics
Market cap	HK$974.32b
Earnings (TTM)	HK$24.23b
Revenue (TTM)	HK$328.77b

40.2x

P/E Ratio

3.0x

P/S Ratio

Is 3690 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3690 income statement (TTM)
Revenue	CN¥305.69b
Cost of Revenue	CN¥194.13b
Gross Profit	CN¥111.56b
Other Expenses	CN¥89.03b
Earnings	CN¥22.53b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 29, 2024

Earnings per share (EPS)	3.80
Gross Margin	36.50%
Net Profit Margin	7.37%
Debt/Equity Ratio	23.3%

How did 3690 perform over the long term?

See historical performance and comparison

3690 Stock Overview

Rewards

Risk Analysis

Meituan Competitors

SEHK:6862

HK$82.2b

SEHK:2555

HK$15.4b

SEHK:9658

HK$8.3b

SEHK:9922

HK$4.4b

Price History & Performance

Recent News & Updates

We Think Meituan (HKG:3690) Can Manage Its Debt With Ease

Meituan to Report Q3, 2024 Results on Nov 29, 2024

Investor sentiment deteriorates as stock falls 15%

Meituan's (HKG:3690) P/E Is On The Mark

Co-Founder recently sold HK$258m worth of stock

Investor sentiment improves as stock rises 21%

Recent updates

We Think Meituan (HKG:3690) Can Manage Its Debt With Ease

Meituan to Report Q3, 2024 Results on Nov 29, 2024

Investor sentiment deteriorates as stock falls 15%

Meituan's (HKG:3690) P/E Is On The Mark

Co-Founder recently sold HK$258m worth of stock

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 16%

Meituan (SEHK:3690) announces an Equity Buyback.

First half 2024 earnings released: EPS: CN¥2.70 (vs CN¥1.30 in 1H 2023)

Consensus EPS estimates increase by 11%

Meituan to Report First Half, 2024 Results on Aug 28, 2024

Independent Non-Executive Director recently sold HK$5.0m worth of stock

Consensus EPS estimates increase by 17%

First quarter 2024 earnings released

Meituan to Report Q1, 2024 Results on Jun 06, 2024

Meituan's (HKG:3690) Strong Earnings Are Of Good Quality

Co-Founder recently sold HK$116m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Returns At Meituan (HKG:3690) Are On The Way Up

Investor sentiment improves as stock rises 16%

Meituan's (HKG:3690) Intrinsic Value Is Potentially 69% Above Its Share Price

We Think Meituan (HKG:3690) Can Manage Its Debt With Ease

Full year 2023 earnings: EPS exceeds analyst expectations

Consensus EPS estimates fall by 16%

Meituan Appoints Marjorie Mun Tak Yang as Member of the Audit Committee

Meituan to Report Q4, 2023 Results on Mar 22, 2024

What Meituan's (HKG:3690) 26% Share Price Gain Is Not Telling You

Pinning Down Meituan's (HKG:3690) P/S Is Difficult Right Now

We Think Meituan (HKG:3690) Can Manage Its Debt With Ease

Meituan's (HKG:3690) Returns On Capital Are Heading Higher

Investor sentiment deteriorates as stock falls 19%

Meituan to Report Q3, 2023 Results on Nov 28, 2023

At HK$110, Is It Time To Put Meituan (HKG:3690) On Your Watch List?

Second quarter 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.18 loss in 2Q 2022)

Co-Founder recently sold HK$2.8m worth of stock

Meituan (HKG:3690) Has A Pretty Healthy Balance Sheet

Second quarter 2023 earnings released

Meituan's (HKG:3690) Intrinsic Value Is Potentially 35% Above Its Share Price

Meituan to Report First Half, 2023 Results on Aug 24, 2023

Co-Founder recently sold HK$20m worth of stock

Meituan's (HKG:3690) Share Price Could Signal Some Risk

Meituan Approves to Elect Marjorie Mun Tak Yang as an Independent Non-Executive Director

Meituan Announces Executive Changes

What Does Meituan's (HKG:3690) Share Price Indicate?

Now 21% undervalued

Meituan, Annual General Meeting, Jun 30, 2023

The Return Trends At Meituan (HKG:3690) Look Promising

First quarter 2023 earnings released

Meituan (HKG:3690) Has Debt But No Earnings; Should You Worry?

Now 21% undervalued after recent price drop

Meituan Launches Food Delivery Brand KeeTa Amid Hong Kong Debut

Meituan to Report Q1, 2023 Results on May 25, 2023

Calculating The Intrinsic Value Of Meituan (HKG:3690)

Now 23% undervalued after recent price drop

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued

Is Meituan (HKG:3690) Weighed On By Its Debt Load?

Now 22% undervalued

Co-Founder recently sold HK$164m worth of stock