Meituan
Meituan operates as a technology driven retail company in the People's Republic of China, Hong Kong, Macao, Taiwan, and internationally. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attra… Read more
Meituan (MPNGF) - Net Assets
Latest net assets as of September 2025: $167.31 Billion USD
Based on the latest financial reports, Meituan (MPNGF) has net assets worth $167.31 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($317.91 Billion) and total liabilities ($150.60 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $167.31 Billion |
| % of Total Assets | 52.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | 76.79% |
| 10-Year Change | N/A |
| Growth Volatility | 8.85 |
Meituan - Net Assets Trend (2015–2024)
This chart illustrates how Meituan's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Meituan (2015–2024)
The table below shows the annual net assets of Meituan from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $172.60 Billion | +13.59% |
| 2023-12-31 | $151.96 Billion | +18.06% |
| 2022-12-31 | $128.71 Billion | +2.51% |
| 2021-12-31 | $125.56 Billion | +28.60% |
| 2020-12-31 | $97.63 Billion | +6.06% |
| 2019-12-31 | $92.05 Billion | +6.41% |
| 2018-12-31 | $86.51 Billion | +313.60% |
| 2017-12-31 | $-40.50 Billion | -58.36% |
| 2016-12-31 | $-25.58 Billion | -44.74% |
| 2015-12-31 | $-17.67 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meituan's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 11414445600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $404.00K | 0.00% |
| Other Comprehensive Income | $3.60 Billion | 2.09% |
| Other Components | $308.86 Billion | 178.88% |
| Total Equity | $172.66 Billion | 100.00% |
Meituan Competitors by Market Cap
The table below lists competitors of Meituan ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nike Inc
NYSE:NKE
|
$64.28 Billion |
|
Kinder Morgan Inc
NYSE:KMI
|
$64.50 Billion |
|
Phillips 66
NYSE:PSX
|
$64.57 Billion |
|
DBS Group Holdings Ltd
PINK:DBSDF
|
$64.65 Billion |
|
Elevance Health Inc
NYSE:ELV
|
$63.54 Billion |
|
CSL Limited
PINK:CMXHF
|
$63.46 Billion |
|
Intel Corp. CEDEAR
BA:INTC
|
$63.23 Billion |
|
DoorDash, Inc. Class A Common Stock
NASDAQ:DASH
|
$63.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meituan's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 152,013,207,000 to 172,662,960,000, a change of 20,649,753,000 (13.6%).
- Net income of 35,807,179,000 contributed positively to equity growth.
- Share repurchases of 26,089,621,000 reduced equity.
- New share issuances of 152,038,000 increased equity.
- Other comprehensive income increased equity by 1,552,083,000.
- Other factors increased equity by 9,228,074,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $35.81 Billion | +20.74% |
| Share Repurchases | $26.09 Billion | -15.11% |
| Share Issuances | $152.04 Million | +0.09% |
| Other Comprehensive Income | $1.55 Billion | +0.9% |
| Other Changes | $9.23 Billion | +5.34% |
| Total Change | $- | 13.58% |
Book Value vs Market Value Analysis
This analysis compares Meituan's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-12.17 | $18.20 | x |
| 2016-12-31 | $-17.65 | $18.20 | x |
| 2017-12-31 | $-26.53 | $18.20 | x |
| 2018-12-31 | $31.76 | $18.20 | x |
| 2019-12-31 | $15.55 | $18.20 | x |
| 2020-12-31 | $16.27 | $18.20 | x |
| 2021-12-31 | $20.80 | $18.20 | x |
| 2022-12-31 | $20.91 | $18.20 | x |
| 2023-12-31 | $24.13 | $18.20 | x |
| 2024-12-31 | $27.73 | $18.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meituan utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.61%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.88x
- Recent ROE (20.74%) is above the historical average (-12.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -261.74% | 0.09x | 0.00x | $-8.75 Billion |
| 2016 | 0.00% | -44.58% | 0.25x | 0.00x | $-3.23 Billion |
| 2017 | 0.00% | -55.76% | 0.41x | 0.00x | $-14.86 Billion |
| 2018 | -133.49% | -177.04% | 0.54x | 1.39x | $-124.13 Billion |
| 2019 | 2.43% | 2.30% | 0.74x | 1.43x | $-6.97 Billion |
| 2020 | 4.82% | 4.10% | 0.69x | 1.71x | $-5.06 Billion |
| 2021 | -18.74% | -13.14% | 0.74x | 1.92x | $-36.10 Billion |
| 2022 | -5.19% | -3.04% | 0.90x | 1.90x | $-19.56 Billion |
| 2023 | 9.11% | 5.01% | 0.94x | 1.93x | $-1.35 Billion |
| 2024 | 20.74% | 10.61% | 1.04x | 1.88x | $18.54 Billion |
Industry Comparison
This section compares Meituan's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $63,280,359,031
- Average return on equity (ROE) among peers: -555.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meituan (MPNGF) | $167.31 Billion | 0.00% | 0.90x | $64.21 Billion |
| Antiaging Quantum Living Inc. (AAQL) | $60.47K | -97.75% | 1.17x | $206.17K |
| Design Milk Co Limited (AHAHF) | $6.95 Million | 0.00% | 0.05x | $116.11 Million |
| Allegro.eu SA (ALEGF) | $8.09 Billion | 5.18% | 0.87x | $5.26 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $44.57K |
| Amazon.com Inc (AMZN) | $7.76 Billion | 8.13% | 2.26x | $2.10 Trillion |
| artnet AG (ARTZF) | $1.70 Million | 41.01% | 2.39x | $8.91 Million |
| Waitr Holdings Inc (ASAPQ) | $5.40 Million | -5391.56% | 32.12x | $135.00 |
| ASOS Plc (ASOMF) | $866.70 Million | -25.74% | 2.03x | $125.44 Million |
| Alibaba Group Holding Ltd (BABA) | $615.40 Billion | 14.28% | 0.57x | $371.78 Billion |
| Bluestem Group Inc (BGRP) | $673.25 Million | 2.11% | 1.46x | $94.73 |