कंपनी का अवलोकन
TH International Limited operates a network of Tim Hortons coffee shops across mainland China, Hong Kong, and Macau, providing a diverse beverage menu that includes brewed tea, coffee, milk tea, lemonade, hot chocolate, and various coffee-based drinks while also engaging in franchise-related business activities. The company functions within the Consumer Cyclical sector, specifically the Restaurants industry, positioning it as a key player in the food and beverage consumption landscape where economic cycles directly influence consumer spending patterns. In terms of scale, TH International Limited holds a market capitalization of $69.78M and generated annual revenue of $1.34B, employing a workforce of 1568 individuals to execute its operational strategy. These financial metrics indicate that while the company commands significant operational revenue, its market valuation remains relatively modest, suggesting a disparity between its top-line sales volume and the current market's assessment of its equity value.
वित्तीय स्वास्थ्य
The company reported a revenue of $1.34B for the trailing twelve months, yet recorded a net income of $-344,413,344 and an EBITDA of $-108,972,016, revealing a substantial gap where operational costs and expenses significantly outweigh gross profits. The free cash flow stands at $-103,986,520, which indicates a lack of financial flexibility as the company is burning cash rather than generating liquidity from its core operations. Margin analysis shows a gross margin of 38.5%, contrasting sharply with an operating margin of -15.5% and a profit margin of -25.2%, highlighting that while the cost of goods sold allows for healthy gross coverage, high operating expenses or losses are eroding profitability at both the operational and net levels. The balance sheet presents a leveraged position with total debt of $1.80B against available cash of $131.61M, creating a significant net debt exposure despite the absence of a reported debt-to-equity ratio. Liquidity constraints are evident in the current ratio of 0.24, which signals that the company's current assets are insufficient to cover its current liabilities without relying on external financing or asset liquidation. Return on Equity is listed as N/A due to the negative equity position, while Return on Assets is -11.2%, indicating that management is currently generating negative returns on the assets deployed within the business.
मूल्यांकन आकलन
Valuation multiples reflect the company's negative earnings, with a P/E Ratio (TTM) of N/A and a Forward P/E of -0.46, implying that traditional earnings-based valuation models are not applicable until earnings turn positive. The Price to Book ratio is -0.47, suggesting the market is pricing the equity at a significant discount relative to its book value, a common characteristic for distressed or loss-making entities. Alternative valuation metrics include a Price to Sales ratio of 0.05 and an EV/EBITDA of -15.99, which further underscore the challenges in valuing the company based on standard profitability benchmarks. Regarding price history, the stock has traded between a 52-Week High of $3.25 and a 52-Week Low of $1.69, meaning the current trading price sits between these bounds but does not indicate a premium over the recent high. The Beta value is 0.51, which indicates that the stock exhibits lower volatility relative to the broader market, moving at roughly half the magnitude of market swings.
Growth & Income
Revenue growth (YoY) is recorded at -0.4%, while Earnings Growth (YoY) is N/A, illustrating that the company is currently contracting in terms of sales volume rather than expanding. Since the company is not a dividend payer, it does not distribute a Dividend Yield or maintain a Payout Ratio of 0.0%, meaning all available earnings are theoretically retained, though current losses prevent any meaningful reinvestment of profits into growth initiatives. The overall growth and income profile is characterized by a contraction in revenue and the absence of dividend income, reflecting a period of financial restructuring or operational challenges within the restaurant sector in the region.