Meituan Class B

Meituan Class B

MPNGF

Market Cap$124.02B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Meituan Class BMeituan Class B50.6-14%0.40.5

Earnings Call Q3 2024

November 29, 2024 - AI Summary

Solid Financial Growth: Meituan reported a 22.4% year-over-year increase in total revenue to RMB93.6 billion, with adjusted net profit soaring 124% to RMB12.2 billion. The total segment operating profit increased significantly from RMB5 billion to RMB13.6 billion, leading to an operating margin improvement from 6.5% to 14.5%.
Innovative Initiatives for Merchants: The company introduced several initiatives at its catering conference aimed at supporting restaurant partners, including the upgraded Shen Hui Yuan program, which encourages innovation and addresses competition issues. Meituan allocated RMB1 billion in subsidies for merchants focused on product development and business innovation.
Continued Expansion of InstaMart: Meituan's on-demand retail segment, particularly Meituan InstaMart, is expected to capture significant market share, with projected GTV exceeding RMB200 billion by 2027. The penetration of quick commerce could reach over 10% of the total e-commerce market, indicating strong growth potential.

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$2.54

Current Fair Value

88.5% downside

Overvalued by 88.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$124.02 Billion
Enterprise Value$129.25 Billion
Dividend Yield$0 (0%)
Earnings per Share$2.11
Beta0.52
Outstanding Shares6,045,443,648

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio50.61
PEG35.6
Price to Sales0.44
Price to Book Ratio0.85
Enterprise Value to Revenue0.42
Enterprise Value to EBIT7.11
Enterprise Value to Net Income5
Total Debt to Enterprise0.61
Debt to Equity0.49

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Meituan

CEO: Xing Wang

Meituan is an investment holding company, which engages in the provision of a platform that uses technology to connect consumers and merchants. It operates through the following segments: Food Delivery, In-store, Hotel, and Travel, and N...