As of 2025-08-06, the Intrinsic Value of Meituan (3690.HK) is 141.47 HKD. This 3690.HK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 122.90 HKD, the upside of Meituan is 15.10%.
The range of the Intrinsic Value is 93.72 - 338.88 HKD
Based on its market price of 122.90 HKD and our intrinsic valuation, Meituan (3690.HK) is undervalued by 15.10%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 93.72 - 338.88 | 141.47 | 15.1% |
| DCF (Growth 10y) | 114.25 - 410.07 | 172.48 | 40.3% |
| DCF (EBITDA 5y) | 122.30 - 184.51 | 159.47 | 29.8% |
| DCF (EBITDA 10y) | 139.29 - 241.59 | 190.95 | 55.4% |
| Fair Value | 68.64 - 68.64 | 68.64 | -44.15% |
| P/E | 143.41 - 183.81 | 154.46 | 25.7% |
| EV/EBITDA | 88.10 - 118.60 | 109.85 | -10.6% |
| EPV | 25.84 - 40.10 | 32.97 | -73.2% |
| DDM - Stable | 47.36 - 246.97 | 147.17 | 19.7% |
| DDM - Multi | 67.54 - 300.13 | 113.25 | -7.9% |
| Market Cap (mil) | 750,905.50 |
| Beta | 1.60 |
| Outstanding shares (mil) | 6,109.89 |
| Enterprise Value (mil) | 693,262.50 |
| Market risk premium | 5.98% |
| Cost of Equity | 9.65% |
| Cost of Debt | 4.25% |
| WACC | 9.19% |