Meituan risk profile
60 Stretched several inputs deteriorating together
Measured 1 September 2026 from 9MD's filed statements. Recomputed nightly.
60 (Stretched), driven by Cash conversion at 95, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 55 | Elevated | Stable | Drawdown from the 52-week high — 28.3% |
| Operating pressure | 69 | Stretched | Worsening | Costs outgrowing revenue — +21.9 percentage points |
| Cash conversion | 95 | Acute | Worsening | Capital spending against operating cash — -0.96x |
| Leverage and coverage | 43 | Elevated | Worsening | Interest cover — -6.76x |
| Competitive position | 53 | Elevated | Stable | Operating-margin gap against peers — -19.0 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.