Stocktoria

Meituan 3690.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Consumer Cyclical · website

Meituan statistics & valuation

Market capCN¥532.6B
P / S1.5×
P / B3.5×
Net margin-6.4%
Return on equity-15.5%
FCF margin-7.4%
Net cashCN¥20.2B
Enterprise value USD$62.1B
Earnings yield EBIT/EV-5.8%
Return on capital-13.4%

Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-3.00% 5.00% 10.60% -6.40% 2022202320242025
Gross margin (%)
28.10% 35.10% 38.40% 30.40% 2022202320242025
Operating margin (%)
-2.90% 2.90% 10.10% -8.20% 2022202320242025
Return on equity (%)
-5.20% 9.10% 20.70% -15.50% 2022202320242025
Shares outstanding
5.59B 5.59B 5.59B 5.59B 2022202320242025
Net debt (CN¥)
CN¥37.93B CN¥27.28B -CN¥9.32B -CN¥20.15B 2022202320242025
Share buybacks (CN¥)
CN¥0 CN¥26.09B CN¥364.8M 2022202320242025
Return on assets (%)
-2.70% 4.70% 11.00% -6.70% 2022202320242025
Free cash flow margin (%)
2.60% 12.20% 13.70% -7.40% 2022202320242025
Debt / equity (×)
0.45× 0.40× 0.36× 0.57× 2022202320242025
EPS (CN¥)
-CN¥1.09 CN¥2.11 CN¥5.66 -CN¥3.92 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin30.4%38.4%35.1%28.1%
Operating margin-8.2%10.1%2.9%-2.9%
Net margin-6.4%10.6%5.0%-3.0%
FCF margin-7.4%13.7%12.2%2.6%
Return on assets-6.7%11.0%4.7%-2.7%
Return on equity-15.5%20.7%9.1%-5.2%
Debt / equity0.44×0.23×0.23×0.27×
Current ratio1.821.941.821.87

Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.