Meituan (HKSE:03690) 3-Year Book Growth Rate : 10.60% (As of Dec. 2023)

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What is Meituan 3-Year Book Growth Rate?

Meituan's Book Value per Share for the quarter that ended in Dec. 2023 was HK$26.63.

During the past 12 months, Meituan's average Book Value per Share Growth Rate was 14.70% per year. During the past 3 years, the average Book Value per Share Growth Rate was 10.60% per year. During the past 5 years, the average Book Value per Share Growth Rate was 9.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 9 years, the highest 3-Year average Book Value per Share Growth Rate of Meituan was 15.10% per year. The lowest was 9.60% per year. And the median was 10.60% per year.

Competitive Comparison of Meituan's 3-Year Book Growth Rate

For the Internet Retail subindustry, Meituan's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meituan's 3-Year Book Growth Rate Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meituan's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Meituan's 3-Year Book Growth Rate falls into.

Meituan 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Meituan (HKSE:03690) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Meituan 3-Year Book Growth Rate Related Terms

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Meituan (HKSE:03690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (HKSE:03690) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

MPNGY:USA MPNGF:USA 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.

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