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3690 Stock Chart & Stats
HK$86.70
HK$1.40(1.57%)
At close: 4:00 PM EDT
HK$86.70
HK$1.40(1.57%)
Day’s Range― - ―
52-Week RangeHK$63.65 - HK$127.00
Previous CloseN/A
Volume35.07M
Average Volume (3M)53.97M
Market Cap
HK$571.17B
Enterprise ValueHK$412.89K
Total Cash (Recent Filing)HK$199.57B
Total Debt (Recent Filing)HK$112.43B
Price to Earnings (P/E)―
Beta1.57
Next Earnings
Sep 02, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.58
Shares Outstanding5,595,613,000
10 Day Avg. Volume59,161,801
30 Day Avg. Volume53,966,783
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)3.66
Price to Sales (P/S)1.51
P/FCF Ratio-20.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$112.98Price Target Upside30.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering28
EPS Forecast (FY)-0.55
Revenue Forecast (FY)HK$402.80B
Bulls Say, Bears Say
Bulls Say
Marketplace Scale & Diversified MonetizationMeituan operates a large multi-service marketplace and fulfillment network across food, local services, travel and newer retail efforts. This scale and diversified monetization (commissions, delivery fees, ads, merchant services) creates durable network effects, lowers single-segment risk, and supports long-term unit-economics improvement as scale drives density and ad demand.
Proven Ability To Reach ProfitabilityThe company demonstrated it can operate profitably, with a clear inflection to positive net margins in 2023–2024. That historical ability indicates underlying operating leverage in the model: if competitive intensity and cost base normalize, Meituan has shown structural capacity to convert revenue into sustainable profits rather than being purely growth-stage cash burn.
Serviceable Balance Sheet And Asset BaseDespite rising leverage, Meituan retains a sizable equity base and growing assets, which provides a buffer to absorb cyclical shocks and fund strategic investment. A non-excessive absolute leverage position gives the company room to refinance or tap capital markets and supports continuity of marketplace and fulfillment operations while management addresses cash flow headwinds.
Bears Say
Deteriorating Cash GenerationA shift from positive to negative operating and free cash flow is a durable red flag: it reduces internal funding for capex, marketing, and merchant incentives, forcing greater reliance on external financing or asset sales. Persistent negative cash generation undermines financial flexibility and increases execution risk for restoring profitable growth.
Rising Leverage And Negative Returns On EquityMeaningful increase in leverage alongside a swing to negative ROE indicates incremental capital is not generating returns. Higher leverage increases fixed interest obligations and reduces tolerance for slower growth or margin pressure, constraining strategic options and elevating refinancing and solvency risk if profitability does not recover sustainably.
Sharp Reversal To Net Losses And Weaker MarginsA rapid move from double‑digit positive margins to roughly -11% is structurally concerning: it suggests cost pressures, heavier reinvestment, or mix shifts are overwhelming scale benefits. Sustained negative margins impair the business model's capacity to fund growth organically and threaten merchant and advertiser economics if pricing or service levels must be altered to restore profitability.
Meituan News
3690 FAQ
What was Meituan’s price range in the past 12 months?
Meituan lowest stock price was HK$63.65 and its highest was HK$127.00 in the past 12 months.
What is Meituan’s market cap?
Meituan’s market cap is HK$571.17B.
When is Meituan’s upcoming earnings report date?
Meituan’s upcoming earnings report date is Sep 02, 2026 which is in 31 days.
How were Meituan’s earnings last quarter?
Meituan released its earnings results on Jun 01, 2026. The company reported -HK$0.941 earnings per share for the quarter, beating the consensus estimate of -HK$1.332 by HK$0.391.
Is Meituan overvalued?
According to Wall Street analysts Meituan’s price is currently Undervalued.
Does Meituan pay dividends?
Meituan does not currently pay dividends.
What is Meituan’s EPS estimate?
Meituan’s EPS estimate is 0.03.
How many shares outstanding does Meituan have?
Meituan has 5,595,613,000 shares outstanding.
What happened to Meituan’s price movement after its last earnings report?
Meituan reported an EPS of -HK$0.941 in its last earnings report, beating expectations of -HK$1.332. Following the earnings report the stock price went up 6.535%.
Which hedge fund is a major shareholder of Meituan?
Currently, no hedge funds are holding shares in HK:3690
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meituan Stock Smart Score
Outperform
1
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4
5
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8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$112.98 (30.31% Upside)
HK$112.98 (30.31% Upside)
Blogger Sentiment
Bullish
HK:3690 Sentiment 100%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-35.74%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
15.33%
Trailing 12-Months
Company Description
Meituan
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.
3690 Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call balanced strong operational and strategic positives — robust user and engagement growth (DAU +20%), notable progress in quick commerce, membership upgrades, AI milestones, Keeta achieving profitability in Hong Kong, and a healthy cash buffer (RMB 141.3bn) — against significant near-term financial pain: meaningful operating and adjusted net losses (RMB 15.3bn and RMB 16.0bn), negative operating cash flow (RMB -22.1bn), and sharp margin compression driven by elevated incentives and marketing spend. Management framed losses as deliberate, strategic investments to defend leadership and grow long-term value. Given sizable operational strengths and clear strategic rationale but material near-term financial deterioration, the overall tone is cautious and transitional.View all HK:3690 earnings summaries3690 Stock 12 Month Forecast
Average Price Target
HK$112.98
▲(30.31% Upside)
Technical Analysis
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