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Meitu

OTCPK:MEIU.F
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEIU.F
OTCPK
HK$17B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Meitu, Inc., an investment holding company, engages in the provision of Internet services; and design, develops, and sales of smart hardware in the People’s Republic of China, Hong Kong, and internationally. The last earnings update was 64 days ago. More info.


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MEIU.F Share Price and Events
7 Day Returns
0%
OTCPK:MEIU.F
-8.3%
US Tech
-3%
US Market
1 Year Returns
-
OTCPK:MEIU.F
0.7%
US Tech
5.4%
US Market
MEIU.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Meitu (MEIU.F) 0% 0% - - - -
US Tech -8.3% -16.7% -18.3% 0.7% 47.4% 114.3%
US Market -3% 0.9% -7.6% 5.4% 46.8% 84.8%
1 Year Return vs Industry and Market
  • No trading data on MEIU.F.
  • No trading data on MEIU.F.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

MEIU.F Value

 Is Meitu undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Meitu to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Meitu.

OTCPK:MEIU.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:MEIU.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.115 (1 + (1- 25%) (0.07%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.116 * 7.05%)
10.81%

Discounted Cash Flow Calculation for OTCPK:MEIU.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Meitu is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:MEIU.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) -90.00 613.00 723.34 846.31 981.72
Source Analyst x1 Analyst x1 Est @ 18%, capped from 51.39% Est @ 17%, capped from 51.39% Est @ 16%, capped from 51.39%
Present Value
Discounted (@ 10.81%)
-81.22 499.19 531.56 561.23 587.50
Present value of next 5 years cash flows CN¥2,098.27
OTCPK:MEIU.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥981.72 × (1 + 2.95%) ÷ (10.81% – 2.95%)
CN¥12,851.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥12,851.37 ÷ (1 + 10.81%)5
CN¥7,690.76
OTCPK:MEIU.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥2,098.27 + CN¥7,690.76
CN¥9,789.03
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥9,789.03 / 4,174.57
CN¥2.34
OTCPK:MEIU.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1357)
1.126
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥2.34 x 1.126
HK$2.64
Non-primary Listing Adjustment Factor 1 share in OTCPK:MEIU.F represents 0.12077x of SEHK:1357
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12077x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.64 x 0.12077
$0.32
Value per share (USD) From above. $0.32
Current discount Discount to share price of $0.50
= -1 x ($0.50 - $0.32) / $0.32
-56.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Meitu is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Meitu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Meitu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MEIU.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥-0.05
SEHK:1357 Share Price ** SEHK (2018-08-27) in HKD HK$4.14
SEHK:1357 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥3.68
United States of America Tech Industry PE Ratio Median Figure of 14 Publicly-Listed Tech Companies 22.01x
United States of America Market PE Ratio Median Figure of 2,993 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Meitu.

OTCPK:MEIU.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1357 Share Price ÷ EPS (both in CNY)

= 3.68 ÷ -0.05

-79.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meitu is loss making, we can't compare its value to the US Tech industry average.
  • Meitu is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Meitu's expected growth come at a high price?
Raw Data
OTCPK:MEIU.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -79.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
55.1%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 0.53x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Meitu, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Meitu's assets?
Raw Data
OTCPK:MEIU.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥1.18
SEHK:1357 Share Price * SEHK (2018-08-27) in HKD HK$4.14
SEHK:1357 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.888 CN¥3.68
United States of America Tech Industry PB Ratio Median Figure of 34 Publicly-Listed Tech Companies 1.94x
United States of America Market PB Ratio Median Figure of 5,001 Publicly-Listed Companies 1.84x
OTCPK:MEIU.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1357 Share Price ÷ Book Value per Share (both in CNY)

= 3.68 ÷ 1.18

3.11x

* Primary Listing of Meitu.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Meitu is overvalued based on assets compared to the US Tech industry average.
X
Value checks
We assess Meitu's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Meitu has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MEIU.F Future Performance

 How is Meitu expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Meitu expected to grow at an attractive rate?
  • Meitu's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Meitu's earnings growth is expected to exceed the United States of America market average.
  • Meitu's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:MEIU.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:MEIU.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 55.1%
OTCPK:MEIU.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 17.2%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:MEIU.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:MEIU.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,342 1
2021-12-31 7,839 1
2020-12-31 5,155 682 150 3
2019-12-31 4,383 368 -420 3
2018-12-31 3,974 -401 -1,045 3
OTCPK:MEIU.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 4,400 -734 -196
2018-03-31 4,464 -350 -197
2017-12-31 4,527 35 -197
2017-09-30 3,850 -218 -2,200
2017-06-30 3,173 -470 -4,203
2017-03-31 2,376 -580 -5,232
2016-12-31 1,579 -689 -6,261
2016-09-30 1,363 -684 -4,699
2016-06-30 1,147 -678 -3,138
2016-03-31 944 -677 -2,678
2015-12-31 742 -675 -2,218

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Meitu's earnings are expected to grow significantly at over 20% yearly.
  • Meitu's revenue is expected to grow by 17.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:MEIU.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Meitu Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MEIU.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.04 0.04 0.04 1.00
2019-12-31 -0.10 -0.10 -0.10 1.00
2018-12-31 -0.25 -0.25 -0.25 2.00
OTCPK:MEIU.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 -0.05
2018-03-31 -0.05
2017-12-31 -0.05
2017-09-30 -0.59
2017-06-30 -1.31
2017-03-31 -1.99
2016-12-31 -3.03
2016-09-30 -2.33
2016-06-30 -1.60
2016-03-31 -1.36
2015-12-31 -1.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Meitu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Meitu's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Meitu has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MEIU.F Past Performance

  How has Meitu performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Meitu's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Meitu does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Meitu's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Meitu's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
Meitu's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Meitu Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MEIU.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 4,399.70 -195.91 1,081.57 598.61
2018-03-31 4,463.59 -196.62 958.08 522.84
2017-12-31 4,527.48 -197.32 834.59 447.06
2017-09-30 3,850.19 -2,200.12 763.21 399.47
2017-06-30 3,172.89 -4,202.92 691.82 351.88
2017-03-31 2,375.74 -5,231.90 657.63 297.57
2016-12-31 1,578.58 -6,260.88 623.43 243.26
2016-09-30 1,362.64 -4,699.27 667.26 203.51
2016-06-30 1,146.69 -3,137.67 711.08 163.76
2016-03-31 944.25 -2,677.61 727.46 141.68
2015-12-31 741.81 -2,217.56 743.83 119.61
2014-12-31 488.05 -1,772.34 159.24 50.15
2013-12-31 85.88 -25.81 30.34 16.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Meitu has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Meitu has efficiently used its assets last year compared to the US Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Meitu improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Meitu's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Meitu has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MEIU.F Health

 How is Meitu's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Meitu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Meitu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Meitu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Meitu's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 565.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Meitu Company Filings, last reported 4 months ago.

OTCPK:MEIU.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 5,037.02 10.00 3,814.53
2018-03-31 5,037.02 10.00 3,814.53
2017-12-31 5,642.04 0.00 5,171.44
2017-09-30 5,642.04 0.00 5,171.44
2017-06-30 5,801.11 0.00 5,292.97
2017-03-31 5,801.11 0.00 5,292.97
2016-12-31 6,017.24 0.00 5,514.57
2016-09-30 6,017.24 0.00 5,514.57
2016-06-30 -6,553.03 8,645.54 1,677.17
2016-03-31 -6,553.03 8,645.54 1,677.17
2015-12-31 -4,247.81 5,681.89 1,220.26
2014-12-31 -1,824.96 2,735.48 1,724.84
2013-12-31 -35.41 117.07 38.53
  • Meitu's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Meitu's debt level has increased without past 5-year debt data.
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.

  • Meitu has sufficient cash runway for more than 3 years based on current free cash flow.
  • Meitu has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 6.9% each year.
X
Financial health checks
We assess Meitu's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Meitu has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MEIU.F Dividends

 What is Meitu's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Meitu dividends. Estimated to be 0% next year.
If you bought $2,000 of Meitu shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Meitu's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Meitu's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:MEIU.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1981 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:MEIU.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Meitu has not reported any payouts.
  • Unable to verify if Meitu's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Meitu's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Meitu has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Meitu's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Meitu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Meitu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Meitu has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MEIU.F Management

 What is the CEO of Meitu's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zeyuan Wu
COMPENSATION CN¥1,032,000
AGE 37
CEO Bio

Mr. Zeyuan Wu serves as Chief Executive Officer of Meitu, Inc. and has been its Executive Director since July 2013. Mr. Wu is Founder of Meitu, Inc. Mr. Wu is responsible for the overall management of Meitu, Inc. Mr. Wu serves as Director of Meitu Investment, Meitu HK, Meipai Global, Meitu Mobile, Meitu Networks and Meitu Home. Mr. Wu has been involved in the Internet industry in China since 2000. Mr. Wu received his high school diploma from Quanzhou No. 1 High School ( ) in the PRC in July 2001. Since September 2000, Mr. Wu was involved in running domain-name registration businesses. Mr. Wu began developing and researching photo-editing software in 2008. Mr. Wu has created and launched one popular product after another, from 520.com to Martian Translator, a software program for converting ordinary language into netspeak consisting of unconventional Chinese characters. During the past three years. Mr. Wu has been a Director of Quanzhou Haoyi Computer Networks Company since August 14, 2001.

CEO Compensation
  • Zeyuan's compensation has increased whilst company is loss making.
  • Zeyuan's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Wensheng Cai

TITLE
Executive Chairman
COMPENSATION
CN¥609K
AGE
48

Zeyuan Wu

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
37

Gary Ngan

TITLE
CFO & Joint Company Secretary
AGE
35

Yu Cheng

TITLE
Chief Operating Officer
AGE
40
TENURE
1 yrs

Wei Zhang

TITLE
Chief Technology Officer
AGE
32

Zhiping Zeng

TITLE
Senior Vice President of Human Resources
AGE
40

Arthur Law

TITLE
General Counsel
AGE
34
TENURE
1.2 yrs

Yongli Ruan

TITLE
Senior Vice President of Technology
AGE
32

Jie Chen

TITLE
Senior Vice President of Product Development
AGE
31

Frank Kan Fu

TITLE
Managing Director of International Business
AGE
48
Board of Directors Tenure

Average tenure and age of the Meitu board of directors in years:

2.1
Average Tenure
54
Average Age
  • The average tenure for the Meitu board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wensheng Cai

TITLE
Executive Chairman
COMPENSATION
CN¥609K
AGE
48

Zeyuan Wu

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
37
TENURE
5.3 yrs

Johnson Ko

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥301K
AGE
66
TENURE
2 yrs

Hao Zhou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥301K
AGE
42
TENURE
2 yrs

Young Guo

TITLE
Non-Executive Director
COMPENSATION
CN¥301K
AGE
54
TENURE
4.8 yrs

Kai-Fu Lee

TITLE
Non-Executive Director
COMPENSATION
CN¥331K
AGE
57
TENURE
2.3 yrs

Shoucheng Zhang

TITLE
Independent Non-Executive Director
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Meitu insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Oct 18 Buy Jiarong Chen Individual 26. Sep 18 26. Sep 18 2,250,000 $0.81 $1,825,553
15. May 18 Buy Zeyuan Wu Individual 10. May 18 10. May 18 1,280,000 $1.06 $1,362,783
03. May 18 Buy Wensheng Cai Individual 27. Apr 18 27. Apr 18 3,000,000 $1.05 $3,140,532
02. May 18 Buy Wensheng Cai Individual 26. Apr 18 26. Apr 18 5,000,000 $1.04 $5,185,395
30. Apr 18 Buy Wensheng Cai Individual 25. Apr 18 25. Apr 18 3,000,000 $1.04 $3,134,784
19. Apr 18 Buy Wensheng Cai Individual 16. Apr 18 16. Apr 18 2,100,000 $1.14 $2,397,356
18. Apr 18 Buy Wensheng Cai Individual 13. Apr 18 13. Apr 18 2,000,000 $1.10 $2,201,368
18. Jan 18 Sell IDG-Accel China Growth Fund 3 Company 17. Jan 18 17. Jan 18 -58,829,400 $1.47 $-86,521,693
18. Jan 18 Sell IDG Capital Partners Company 17. Jan 18 17. Jan 18 -4,170,600 $1.47 $-6,133,793
29. Dec 17 Buy Wensheng Cai Individual 22. Dec 17 22. Dec 17 3,500,000 $1.32 $4,619,738
28. Dec 17 Buy Wensheng Cai Individual 21. Dec 17 21. Dec 17 3,000,000 $1.28 $3,844,473
X
Management checks
We assess Meitu's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Meitu has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MEIU.F News

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MEIU.F Company Info

Map
Description

Meitu, Inc., an investment holding company, engages in the provision of Internet services; and design, develops, and sales of smart hardware in the People’s Republic of China, Hong Kong, and internationally. It operates in two segments, Internet Services and Smart Hardware. The company offers Internet services, including online advertising, Internet value added services, and e-commerce services; and M, V, and T series of smartphones under the name Meitu. It also develops photo and community applications, including BeautyCam, Meipai, MakeupPlus, MeituBeauty, PartyNow, PosterLabs, Meitu Tietie, Airbrush, and BeautyPlus, as well as SelfieCity. In addition, the company engages in the provision of information technology services. It offers its products and services directly to end customers, as well as through distributors and retailers. Meitu, Inc. has a strategic cooperation agreement with Xiaomi Corporation. Meitu, Inc. was founded in 2008 and is headquartered in Xiamen, China.

Details
Name: Meitu, Inc.
MEIU.F
Exchange: OTCPK
Founded: 2008
HK$2,208,855,355
4,174,565,889
Website: http://corp.meitu.com
Address: Meitu, Inc.
Building No.6,
1–3/F, Unit 2,
Xiamen,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1357 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Dec 2016
OTCPK MEIU.F Ordinary Shares Pink Sheets LLC US USD 15. Dec 2016
DB M5U Ordinary Shares Deutsche Boerse AG DE EUR 15. Dec 2016
SHSC 1357 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Dec 2016
SZSC 1357 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Dec 2016
Number of employees
Current staff
Staff numbers
2,978
Meitu employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/24 22:12
End of day share price update: 2018/08/27 00:00
Last estimates confirmation: 2018/10/23
Last earnings filing: 2018/09/21
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.