Valuation Meituan

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:08:56 2026-01-21 EST			5-day change	1st Jan Change
97.30 ^HKD	-0.05%		-4.14%	-5.81%

01-14	Shares of Trip.com tumble in Hong Kong after antitrust probe	RE
12-30	Novo and Lilly cut prices of weight-loss drugs in China	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,459,604	1,126,727	957,019	464,216	861,878	530,685	530,685	-
Change	-	-22.81%	-15.06%	-51.49%	85.66%	-38.43%	0%	-
Enterprise Value (EV) ¹	1,422,568	1,068,850	883,100	354,226	729,838	421,514	412,983	391,197
Change	-	-24.86%	-17.38%	-59.89%	106.04%	-42.25%	-2.02%	-5.28%
P/E ratio	318x	-47.1x	-142x	35.2x	25.2x	-23x	23.6x	15.1x
PBR	14.8x	8.83x	7.43x	3.05x	5.06x	3.44x	3.07x	2.54x
PEG	-	0x	2x	-0x	0x	0x	-0x	0.3x
Capitalization / Revenue	12.7x	6.29x	4.35x	1.68x	2.55x	1.45x	1.27x	1.11x
EV / Revenue	12.4x	5.97x	4.01x	1.28x	2.16x	1.15x	0.99x	0.82x
EV / EBITDA	300x	-110x	90.8x	14.8x	14.9x	-35.6x	14.6x	8.01x
EV / EBIT	329x	-46.2x	-152x	26.4x	17.9x	-18.7x	25.2x	9.78x
EV / FCF	-518x	-82.1x	155x	10.5x	15.8x	-26.6x	19.3x	11.9x
FCF Yield	-0.19%	-1.22%	0.64%	9.5%	6.32%	-3.76%	5.18%	8.41%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	0.78	-3.9	-1.09	2.11	5.66	-3.782	3.681	5.736
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	114,795	179,128	219,955	276,745	337,592	366,893	416,755	478,502
EBITDA ¹	4,738	-9,694	9,725	23,878	49,119	-11,847	28,279	48,810
EBIT ¹	4,330	-23,127	-5,820	13,415	40,869	-22,560	16,381	40,019
Net income ¹	4,708	-23,538	-6,686	13,856	35,807	-23,624	19,392	34,335
Net Debt ¹	-37,036	-57,876	-73,919	-109,991	-132,040	-109,171	-117,702	-139,488
Reference price ²	248.06	183.63	154.53	74.34	142.55	86.88	86.88	86.88
Nbr of stocks (in thousands)	5,883,965	6,135,944	6,192,973	6,244,376	6,046,056	6,108,075	6,108,075	-
Announcement Date	3/26/21	3/25/22	3/24/23	3/22/24	3/21/25	-	-	-

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	-22.97x	1.15x	-35.58x	-.--%	76.25B
ALIBABA GROUP HOLDING LIMITED	23.64x	2.25x	16.11x	0.65%	363B
SHOPIFY INC.	178.34x	15.84x	93.34x	-.--%	188B
PDD HOLDINGS INC.	10.25x	1.58x	6.62x	-.--%	148B
MERCADOLIBRE, INC.	50.92x	3.45x	24.62x	-.--%	103B
EBAY INC.	21.8x	4.06x	13.11x	1.27%	41B
COPART, INC.	24.56x	7.08x	16.75x	-	39.41B
VIPSHOP HOLDINGS LIMITED	8.68x	0.31x	3.38x	2.8%	8.47B
GLOBAL-E ONLINE LTD.	103.46x	5.78x	28.37x	-.--%	6.11B
USS CO., LTD.	20.08x	6.24x	10.93x	2.99%	5.15B
Average	41.88x	4.77x	17.77x	0.86%	97.9B
Weighted average by Cap.	50.89x	5.10x	26.22x	0.35%