Meituan
HKEX:3690

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Meituan
HKEX:3690
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Price: 171 HKD -0.98%
Market Cap: 940.9B HKD
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Relative Value

The Relative Value of one Meituan stock under the Base Case scenario is 188.99 HKD. Compared to the current market price of 171 HKD, Meituan is Undervalued by 10%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
188.99 HKD
Undervaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
71
vs Industry
11
Median 3Y
3
Median 5Y
4.4
Industry
0.6
Forward
2.6
vs History
44
vs Industry
9
Median 3Y
24.7
Median 5Y
33.8
Industry
16.7
Forward
23.5
vs History
52
vs Industry
14
Median 3Y
12.9
Median 5Y
20.2
Industry
7.7
vs History
47
vs Industry
20
Median 3Y
21
Median 5Y
41.5
Industry
15
vs History
58
vs Industry
13
Median 3Y
5.3
Median 5Y
5.9
Industry
1.6
vs History
71
vs Industry
14
Median 3Y
2.7
Median 5Y
4.1
Industry
0.7
Forward
2.3
vs History
74
vs Industry
16
Median 3Y
8.4
Median 5Y
13.6
Industry
2.2
vs History
44
vs Industry
9
Median 3Y
20.3
Median 5Y
26.4
Industry
8.4
Forward
16.7
vs History
36
vs Industry
9
Median 3Y
20.3
Median 5Y
20.3
Industry
12.8
Forward
21.2
vs History
52
vs Industry
19
Median 3Y
10.7
Median 5Y
18.3
Industry
8.8
vs History
36
vs Industry
23
Median 3Y
11.6
Median 5Y
11.6
Industry
12.1
vs History
61
vs Industry
7
Median 3Y
5.5
Median 5Y
6.7
Industry
1.1

Multiples Across Competitors

Competitors Multiples
Meituan Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
Meituan
HKEX:3690
942.5B HKD 2.9 38.9 33.5 33.5
US
Amazon.com Inc
NASDAQ:AMZN
2.1T USD 3.4 41.8 18.5 34.1
ZA
Naspers Ltd
JSE:NPN
838.5B Zac 0 0 0 0
CN
Alibaba Group Holding Ltd
NYSE:BABA
205B USD 1.5 17.3 10.9 10.9
CN
Pinduoduo Inc
NASDAQ:PDD
144.6B USD 3.1 10.6 7.9 7.9
NL
Prosus NV
AEX:PRX
93.1B EUR 17.8 14.8 -563.4 -563.4
UY
MercadoLibre Inc
BMV:MELIN
2T MXN 5.2 68.8 36.6 47.6
AR
Mercadolibre Inc
NASDAQ:MELI
99.3B USD 5.2 69.1 36.8 47.8
US
DoorDash Inc
NASDAQ:DASH
71.9B USD 7.1 -418 218.7 -274.3
CN
JD.Com Inc
HKEX:9618
409B HKD 0.3 10.9 6.6 6.6
KR
Coupang Inc
NYSE:CPNG
43.1B USD 1.5 41.8 53.2 114.2
EV/EBITDA Multiple
EBITDA Growth
CN
Meituan
HKEX:3690
Average EV/EBITDA: 47
33.5
327%
US
Amazon.com Inc
NASDAQ:AMZN
18.5
119%
ZA
N
Naspers Ltd
JSE:NPN
Not Available
1 672%
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.9
44%
CN
Pinduoduo Inc
NASDAQ:PDD
7.9
226%
NL
Prosus NV
AEX:PRX
Negative Multiple: -563.4 N/A
UY
MercadoLibre Inc
BMV:MELIN
36.6
152%
AR
Mercadolibre Inc
NASDAQ:MELI
36.8
152%
US
D
DoorDash Inc
NASDAQ:DASH
218.7
N/A
CN
JD.Com Inc
HKEX:9618
6.6
70%
KR
Coupang Inc
NYSE:CPNG
53.2
264%
EV/EBIT Multiple
EBIT Growth
CN
Meituan
HKEX:3690
Average EV/EBIT: 37.8
33.5
516%
US
Amazon.com Inc
NASDAQ:AMZN
34.1
164%
ZA
N
Naspers Ltd
JSE:NPN
Not Available N/A
CN
Alibaba Group Holding Ltd
NYSE:BABA
10.9
53%
CN
Pinduoduo Inc
NASDAQ:PDD
7.9
236%
NL
Prosus NV
AEX:PRX
Negative Multiple: -563.4 N/A
UY
MercadoLibre Inc
BMV:MELIN
47.6
178%
AR
Mercadolibre Inc
NASDAQ:MELI
47.8
178%
US
D
DoorDash Inc
NASDAQ:DASH
Negative Multiple: -274.3 N/A
CN
JD.Com Inc
HKEX:9618
6.6
84%
KR
Coupang Inc
NYSE:CPNG
114.2
328%

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