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Meituan (3690.HK)

HKD79.20 +1.25 (+1.60%)
CN HKSE Consumer Cyclical Specialty Retail
Address Hengjiweiye Building 100102
Beijing, CN
CEO Xing Wang
IPO 2018-09-20
ISIN KYG596691041

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Also trades on Hong Kong Stock Exchange · 3690.HK (HKD) Hong Kong Stock Exchange · 83690.HK (CNY) Other OTC · MPNGF (USD) Other OTC · MPNGY (USD)
Description

Meituan manages a comprehensive online platform that facilitates a diverse range of services. Its operations are organized into three principal segments: Food Delivery; In-store, Hotel & Travel; and New Initiatives and Others. The Food Delivery division enables customers to conveniently order prepared meals from numerous vendors. Meanwhile, the In-store, Hotel & Travel segment allows patrons to acquire local consumer services from various in-store businesses or to book reservations for hotels and tourist attractions. The New Initiatives and Others division covers sales from its B2B food distribution and Meituan grocery services, alongside an assortment of other ventures such as Meituan Instashopping, community e-commerce, shared bicycles and electric mopeds, and micro-lending facilities. Established in 2003, Meituan is headquartered in Beijing, China. The company rebranded to its current name, Meituan, in October 2020, having previously operated as Meituan Dianping.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD79.20 +1.25 (+1.60%)
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Volume Profile
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Liquidity & share structure
Average Volume
57M
Beta
0.18
Float Shares
5.43B
Free Float %
88.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +10.75% +1.24% +10.47% -11.40% -17.23% -36.99% -29.69% -72.58% +17.69% +17.69%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Sell
Price Targets & DCF
Current price
79.20
DCF (Unlevered) 85.30 +7.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 5 -1
Buy 21 -2
Hold 10 0
Sell 1 0
Strong Sell 2 0
Quality scores
Altman Z-Score
1.57
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +8.1% Q1'26: +4.2% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    -169.3% Q1'26: -166.9% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    -9.7% Q1'26: +5.3% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    -8.5% Q1'26: -8.2% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    -63.1% Q1'26: -44.6% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    -2.4% Q1'26: +1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    -3.60× Q1'26: -6.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.20) × ERP
WACC = 84% × Ke + 16% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 85.93 Current price: 79.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
32 Rev. Ana.
11 EPS Ana.
Dec 2027
36 Rev. Ana.
25 EPS Ana.
Dec 2028
18 Rev. Ana.
12 EPS Ana.
Dec 2029
18 Rev. Ana.
11 EPS Ana.
Dec 2030
18 Rev. Ana.
11 EPS Ana.
Revenue
65.23B
est: 73.32B (-11.0%)
97.53B
est: 107.37B (-9.2%)
114.79B
est: 135.82B (-15.5%)
179.13B
est: 220.53B (-18.8%)
219.95B
est: 247.16B (-11.0%)
276.74B
est: 302.51B (-8.5%)
337.59B
est: 336.93B (+0.2%)
364.85B
est: 365.74B (-0.2%)
410.96B
380.64B – 421.95B
+12.4% YoY
465.82B
392.42B – 518.94B
+13.3% YoY
526.45B
464.09B – 565.03B
+13.0% YoY
575.64B
507.46B – 617.84B
+9.3% YoY
657.25B
579.40B – 705.43B
+14.2% YoY
EBITDA
-7.26B
est: 2.13B (-440.0%)
7.78B
est: -313.93B (+102.5%)
1.38B
est: 9.02B (-84.7%)
-13.56B
est: 13.33B (-201.7%)
340.71M
est: 17.98B (-98.1%)
23.44B
est: 25.22B (-7.1%)
41.51B
est: 3.38B (+1,127.4%)
-24.05B
est: 3.69B (-752.2%)
4.14B
3.84B – 4.25B
+12.4% YoY
4.70B
3.96B – 5.23B
+13.3% YoY
5.31B
4.68B – 5.70B
+13.0% YoY
5.80B
5.12B – 6.23B
+9.3% YoY
6.63B
5.84B – 7.11B
+14.2% YoY
EBIT
-115.47B
est: -343.25M (-33,538.9%)
2.94B
est: -16.22B (+118.1%)
-2.51B
est: 3.14B (-179.9%)
-22.49B
est: 4.64B (-584.2%)
-6.60B
est: 6.26B (-205.4%)
15.45B
est: 8.79B (+75.8%)
33.16B
est: 7.12B (+365.6%)
-31.04B
est: 7.76B (-499.7%)
8.72B
8.08B – 8.96B
+12.4% YoY
9.89B
8.33B – 11.02B
+13.3% YoY
11.18B
9.85B – 12.00B
+13.0% YoY
12.22B
10.77B – 13.12B
+9.3% YoY
13.95B
12.30B – 14.98B
+14.2% YoY
Net Income
-115.48B
est: -109.32B (-5.6%)
2.24B
est: -168.99B (+101.3%)
4.71B
est: 2.63B (+79.3%)
-23.54B
est: 3.88B (-706.7%)
-6.69B
est: 5.23B (-227.7%)
13.86B
est: 7.34B (+88.8%)
35.81B
est: 43.64B (-17.9%)
-23.36B
est: -17.48B (-33.6%)
-6.36B
-12.12B – 4.50B
+63.6% YoY
23.74B
12.20B – 35.42B
+473.1% YoY
40.86B
34.57B – 44.76B
+72.1% YoY
50.85B
43.02B – 55.69B
+24.4% YoY
— – —
-100.0% YoY
SGA
21.70B
est: 17.57B (+23.6%)
23.16B
est: 30.30B (-23.6%)
26.48B
est: 25.15B (+5.3%)
49.30B
est: 37.16B (+32.7%)
49.52B
est: 50.13B (-1.2%)
67.99B
est: 70.31B (-3.3%)
74.70B
est: 99.12B (-24.6%)
114.85B
est: 93.78B (+22.5%)
105.37B
97.60B – 108.19B
+12.4% YoY
119.44B
100.62B – 133.06B
+13.3% YoY
134.99B
119.00B – 144.88B
+13.0% YoY
147.60B
130.12B – 158.42B
+9.3% YoY
168.53B
148.57B – 180.88B
+14.2% YoY
EPS
-42.40
est: -17.56 (-141.5%)
0.39
est: 0.21 (+88.1%)
0.81
est: 0.88 (-8.1%)
-3.90
est: -3.54 (-10.3%)
-1.09
est: -1.04 (-4.8%)
2.23
est: 1.93 (+15.7%)
5.85
est: 6.95 (-15.8%)
-3.84
est: -2.88 (-33.5%)
-1.05
-1.99 – 0.74
+63.6% YoY
3.91
2.01 – 5.83
+473.1% YoY
6.72
5.69 – 7.37
+72.1% YoY
8.37
7.08 – 9.16
+24.4% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-02 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-06-01 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-29 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-28 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-27 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-26 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-22 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-21 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-20 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-19 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-18 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 2/5 1/5 2/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-15 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
58.05B
OE per share TTM
9.58
Owner's Yield
11.11%
Maintenance CapEx ratio
258.35%
Maint CapEx / Avg PPE
9.8%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
18.6K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2025 Q4
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
0
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 ANCORA ADVISORS, LLC 1.4K +— (+0.0%) 18.6K -223.0 (-1.2%) 0.00% +0.000 pp 0.00% +0.000 pp HKD194.20 -46.8% 15 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-270.5K
Shares Outstanding
6.17B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Xing Wang Co-Founder, Chairman & Chief Executive Officer 6M male
Rongjun Mu Co-Founder, Senior Vice President & Executive Director 5M male
Chuan Zhang Senior Vice President male
Sijia Xu Vice President, Head of Capital Markets & Joint Company Secretary female
Yee Wa Lau Joint Company Secretary female
Shaohui Chen Chief Financial Officer & Senior Vice President male
Puzhong Wang Chief Executive Officer of The Core Local Commerce Segment of Meituan male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits