Valuation Meituan

Equities

Market Closed - Hong Kong S.E. Other stock markets 04:08:03 2026-05-08 EDT			5-day change	1st Jan Change
84.05 ^HKD	-0.24%		+0.96%	-18.64%

04-27	China's Major Food Delivery Platform Could Reconsider Subsidies Amid Regulatory Fines, S&P Says	MT
04-20	China Fines Food Delivery Operators for Failing to Vet Sellers	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	1,126,727	957,019	464,216	861,878	567,001	450,807	-	-
Change	-	-15.06%	-51.49%	85.66%	-34.21%	-20.49%	-	-
Enterprise Value (EV) ¹	1,068,850	883,100	354,226	729,838	484,048	357,010	332,993	303,966
Change	-	-17.38%	-59.89%	106.04%	-33.68%	-26.25%	-6.73%	-8.72%
P/E ratio	-47.1x	-142x	35.2x	25.2x	-24.2x	-40.9x	21.3x	12.9x
PBR	8.83x	7.43x	3.05x	5.06x	-	2.89x	2.47x	2.15x
PEG	-	2x	-0x	0x	0x	0.8x	-0x	0.2x
Capitalization / Revenue	6.29x	4.35x	1.68x	2.55x	1.55x	1.11x	0.98x	0.88x
EV / Revenue	5.97x	4.01x	1.28x	2.16x	1.33x	0.88x	0.72x	0.59x
EV / EBITDA	-110x	90.8x	14.8x	14.9x	-35.1x	340x	9.83x	5.96x
EV / EBIT	-46.2x	-152x	26.4x	17.9x	-19.3x	-31.3x	12x	7.5x
EV / FCF	-82.1x	155x	10.5x	15.8x	-	23.1x	10.8x	7.58x
FCF Yield	-1.22%	0.64%	9.5%	6.32%	-	4.33%	9.26%	13.2%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-3.9	-1.09	2.11	5.66	-3.84	-1.783	3.423	5.641
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	179,128	219,955	276,745	337,592	364,855	404,715	460,411	514,496
EBITDA ¹	-9,694	9,725	23,878	49,119	-13,783	1,049	33,891	50,967
EBIT ¹	-23,127	-5,820	13,415	40,869	-25,041	-11,420	27,768	40,528
Net income ¹	-23,538	-6,686	13,856	35,807	-23,355	-9,873	21,156	33,792
Net Debt ¹	-57,876	-73,919	-109,991	-132,040	-82,952	-93,797	-117,815	-146,841
Reference price ²	183.63	154.53	74.34	142.55	92.83	73.01	73.01	73.01
Nbr of stocks (in thousands)	6,135,944	6,192,973	6,244,376	6,046,056	6,108,075	6,174,397	-	-
Announcement Date	3/25/22	3/24/23	3/22/24	3/21/25	3/26/26	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MEITUAN	-40.95x	0.88x	340.48x	-.--%	66.29B
ALIBABA GROUP HOLDING LIMITED	24.35x	1.92x	16.11x	0.75%	320B
SHOPIFY INC.	117.3x	9.2x	49.98x	-.--%	143B
PDD HOLDINGS INC.	8.71x	1.06x	4.29x	-.--%	141B
MERCADOLIBRE, INC.	35.61x	1.76x	15.24x	-.--%	82.76B
EBAY INC.	23.52x	4.22x	13.69x	1.15%	47.81B
COPART, INC.	21.66x	5.94x	14.43x	-	32.69B
VIPSHOP HOLDINGS LIMITED	6.7x	0.2x	2.04x	4.11%	6.94B
USS CO., LTD.	19.29x	6.03x	10.47x	3.12%	5.02B
GLOBAL-E ONLINE LTD.	26.54x	3.34x	15.01x	-.--%	5.01B
Average	24.27x	3.45x	48.18x	1.01%	85.02B
Weighted average by Cap.	33.12x	3.21x	44.72x	0.42%