Meituan swung to a second-quarter operating profit of CNY 2.7 billion, well ahead of the CNY 1.3 billion loss S&P consensus expected and a sharp turnaround from the CNY 6.5 billion loss in the first quarter. This was mainly driven by the improvement in core local commerce.
Community group purchases could achieve profitability in the near term, boosting Meituan’s valuation.
Due to saturation in user and order frequency, growth in Meituan’s food delivery segment could decelerate earlier than anticipated.
|
Metric
|
03690
|
TCOM
|
BABA
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.73 | 10.24 | 25.80 |
Price/Book Value | 2.27 | 1.04 | 1.67 |
Price/Sales | 1.02 | 2.77 | 1.73 |
Price/Cash Flow | — | 9.68 | 23.09 |
|
Metric
|
03690
|
TCOM
|
BABA
|
|---|---|---|---|
Quick Ratio | 1.63 | 1.05 | 1.28 |
Current Ratio | 1.91 | 1.33 | 1.36 |
Interest Coverage | −15.64 | 54.03 | 3.31 |
|
Metric
|
03690
|
TCOM
|
BABA
|
|---|---|---|---|
Return on Assets (Normalized) | −9.47% | 11.94% | 2.62% |
Return on Equity (Normalized) | −19.94% | 19.30% | 4.78% |
Return on Invested Capital (Normalized) | −13.42% | 15.17% | 0.25% |
|
1-Day Chart
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United States