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SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR (HDL)
NASDAQ:HDL
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SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR
(NASDAQ:HDL)
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Rating:64Neutral
Price Target:
$17.00
▼(-5.13% Downside)
The overall score reflects strong financial performance with impressive revenue growth and cash flow metrics. However, valuation concerns due to a high P/E ratio and mixed earnings call sentiment, including profitability challenges, weigh down the score. Technical indicators suggest neutral market momentum.
Positive Factors
Strong cash generation and FCF growth
Sustained free cash flow growth and very high operating-cash-to-net-income conversion indicate durable cash generation. This strengthens ability to fund capex, expansion, and debt service internally, reducing reliance on external financing over the next several quarters.
Improving gross margins with revenue growth
Widening gross margins alongside significant revenue growth suggests scalable cost management and pricing power in core operations. Durable margin expansion supports sustainable operating leverage and higher long-term operating cash flows if maintained.
International expansion and new brand introductions
Ongoing overseas openings and new-brand rollouts diversify geographic and product exposure, reducing single-market risk. Successful international scale and brand portfolio expansion can create multi-year revenue streams and higher market penetration.
Negative Factors
Declining net profit margin
Compression in net margin reduces retained earnings and reinvestment capacity, making profitability more sensitive to cost or demand shocks. Persistently low net margins constrain long-term returns and increase vulnerability to input cost inflation.
Return on equity has fallen
A material drop in ROE signals weakening efficiency in converting shareholder capital into profits. If ROE remains depressed, it may indicate suboptimal capital allocation and limit the company's ability to deliver strong shareholder returns over the medium term.
Rising operating expenses pressure margins
Sustained growth in operating costs erodes operating profit and can offset revenue gains. Unless expense growth is tied to durable capacity or productivity improvements, elevated opex growth risks persistent margin pressure and weaker incremental profitability.
SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR (HDL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$974.78M
Dividend YieldN/A
Average Volume (3M)1.39K
Price to Earnings (P/E)46.3
Beta (1Y)0.65
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees13,057
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.10
Shares Outstanding65,029,900
10 Day Avg. Volume1,275
30 Day Avg. Volume1,390
Financial Highlights & Ratios
PEG Ratio-42.68
Price to Book (P/B)46.07
Price to Sales (P/S)21.31
P/FCF Ratio195.24
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue1.29
Enterprise Value/Gross Profit4.43
Enterprise Value/Ebitda9.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.63
Revenue Forecast (FY)$845.69M
SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Business Overview & Revenue Model
Company DescriptionSUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR (HDL) is a diversified holding company with interests primarily in the technology and consumer goods sectors. The company focuses on investing in innovative enterprises that develop cutting-edge products and services aimed at enhancing consumer experience and operational efficiency. Its portfolio includes a range of subsidiaries that operate in various markets, including electronics, software development, and e-commerce, positioning the company to leverage growth opportunities in rapidly evolving industries.
How the Company Makes MoneyThe company generates revenue through multiple channels, including the sale of consumer electronics, software licensing, and e-commerce transactions from its subsidiaries. Key revenue streams include direct product sales, which involve manufacturing and distributing electronic devices, and software services that provide recurring income through subscriptions and licensing agreements. Additionally, SUPER HI INTERNATIONAL HOLDING LTD. may engage in strategic partnerships with technology firms to enhance its product offerings and expand market reach, contributing to its overall earnings. The company also benefits from market trends towards digitalization and consumer reliance on technology, which supports sustained revenue growth.
SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Earnings Call Summary
Earnings Call Date:Nov 26, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 31, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. While there was significant revenue growth and expansion in international markets, the decline in net profit and operating profit margin, along with increased expenses, highlighted some challenges. The sentiment is balanced with both achievements and setbacks.Q3-2025 Updates
Positive Updates
Revenue Growth
Q3 2025 revenue reached USD 214 million, a year-over-year increase of 7.8%. Haidilao same-store revenue grew by 2.3%.
Improvement in Operating Profit
Operating profit increased by USD 8.9 million or 240.5% compared to Q2, with the operating profit margin rising by 4 percentage points from Q2.
Expansion in Table Turnover Rate
Overall table turnover rate in Q3 was 3.9x, and same-store table turnover rate was 4x, both increasing by 0.1x compared to last year.
International Expansion
Opened 2 new Haidilao stores in Malaysia and Indonesia, with a total of 126 overseas restaurants. Also launched new brands like Hi Bowl in Canada and Sparkora BBQ in Indonesia.
Growth in Takeaway Revenue
Takeaway revenue reached USD 4.4 million, a 69.2% rise from the previous year.
Negative Updates
Decline in Operating Profit Margin
Q3 operating profit margin was 5.9%, down 1.6 percentage points year-over-year.
Net Profit Decline
Net profit after tax was USD 3.59 million, a sharp decline from USD 37.6 million last year due to foreign exchange losses.
Increased Operating Expenses
Operating expenses, including travel and other costs, were USD 23.7 million, up 11.1% year-over-year.
Average Order Value Decrease
Average order value was USD 24.6, down USD 1.2 from USD 25.8 last year due to strategic adjustment in menu pricing.
Company Guidance
In the Q3 2025 earnings call for Super Hi International, CEO Yang Lijuan and CFO Qu Cong provided detailed insights into the company's financial and operational performance. The company reported a Q3 revenue of USD 214 million, marking a 7.8% increase year-over-year, with a same-store table turnover rate of 4x, up by 0.1x from the previous year. Despite a decrease in operating profit to USD 12.64 million—a 15.4% drop from the same period last year—the company achieved a quarter-over-quarter operating profit growth of 240.5% from Q2. The operating profit margin was noted at 5.9%, down 1.6 percentage points year-over-year but up 4 percentage points from the previous quarter. The company also highlighted its strategic initiatives, such as the Pomegranate plan and Woodpecker plan, and ongoing store expansions, including opening new Haidilao locations in Malaysia and Indonesia and converting a Thai restaurant to a secondary brand. Additionally, the introduction of new concepts like fresh-cut meat and nightclub-style themes in some locations was discussed, with plans for further technological integration and AI adoption to enhance efficiency. The call underscored the company's focus on balancing customer satisfaction with operational improvements and employee incentives to drive long-term profitability.SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Financial Statement Overview
Summary
The company shows strong revenue growth and improved gross margins, indicating effective cost management. However, a slight decline in net profit margin and return on equity suggests areas of potential risk.Income Statement
The company has shown a strong revenue growth trajectory with a significant increase from 2023 to 2024. Gross profit margin improved to 35.16% in 2024 from 32.87% in 2023, indicating better cost management. However, net profit margin decreased slightly to 2.80% in 2024 from 3.68% in 2023, suggesting increased expenses or other costs. The EBIT and EBITDA margins are healthy, reflecting operational efficiency.75
Positive
Balance Sheet
The balance sheet shows a stable equity position with a debt-to-equity ratio of 0.59 in 2024, indicating moderate leverage. The equity ratio improved to 52.61% in 2024 from 46.83% in 2023, suggesting a stronger equity base. Return on equity decreased to 6.06% in 2024 from 9.35% in 2023, which could be a concern for investors looking for strong returns.65
Positive
Cash Flow
The company's cash flow performance is robust with a free cash flow growth rate of 4.79% from 2023 to 2024. The operating cash flow to net income ratio is strong at 5.49 in 2024, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also healthy at 3.90, showcasing the company's ability to generate cash beyond its net income.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 805.43M | 779.63M | 687.53M | 560.63M | 312.37M | 221.41M |
| Gross Profit | 233.93M | 235.04M | 203.87M | 156.09M | 43.39M | 34.77M |
| EBITDA | 107.97M | 99.97M | 79.37M | 45.45M | -43.12M | -28.40M |
| Net Income | 54.74M | 21.80M | 25.65M | -41.25M | -150.75M | -53.76M |
Balance Sheet | ||||||
| Total Assets | 702.44M | 684.42M | 576.88M | 576.11M | 626.73M | 601.59M |
| Cash, Cash Equivalents and Short-Term Investments | 258.47M | 254.72M | 152.91M | 93.89M | 129.46M | 55.13M |
| Total Debt | 215.24M | 212.63M | 202.94M | 242.30M | 728.32M | 607.75M |
| Total Liabilities | 327.53M | 322.76M | 304.76M | 334.07M | 813.91M | 668.55M |
| Stockholders Equity | 373.36M | 360.03M | 270.09M | 239.81M | -187.18M | -66.97M |
Cash Flow | ||||||
| Free Cash Flow | 73.22M | 84.95M | 81.07M | 3.40M | -72.36M | -114.61M |
| Operating Cash Flow | 91.39M | 119.70M | 114.05M | 63.90M | -4.92M | -4.39M |
| Investing Cash Flow | 9.05M | -27.62M | -11.78M | 888.00K | -87.66M | -92.28M |
| Financing Cash Flow | -35.08M | 12.58M | -43.79M | -65.87M | 108.50M | 109.75M |
SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Technical Analysis
Negative
17.92
Price Trends
17.10
Negative
17.79
Negative
19.06
Negative
Market Momentum
-0.30
Negative
45.12
Neutral
23.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HDL, the sentiment is Negative. The current price of 17.92 is above the 20-day moving average (MA) of 16.43, above the 50-day MA of 17.10, and below the 200-day MA of 19.06, indicating a bearish trend. The MACD of -0.30 indicates Negative momentum. The RSI at 45.12 is Neutral, neither overbought nor oversold. The STOCH value of 23.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HDL.
SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.61B | 6.56 | 39.04% | 3.27% | 1.21% | 67.88% | |
68 Neutral | $410.79M | 15.23 | 5.82% | ― | 2.40% | -14.90% | |
65 Neutral | $1.61B | 8.99 | 100.85% | 8.15% | -0.21% | 0.16% | |
64 Neutral | $974.78M | 46.26 | 5.63% | ― | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | $1.23B | 33.14 | ― | 4.72% | -0.64% | -60.71% | |
45 Neutral | $756.03M | 45.54 | 3.89% | 3.54% | -1.61% | -58.09% |
* Consumer Cyclical Sector Average
HDL
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SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR Corporate Events
SUPER HI INTERNATIONAL Reports No Share Capital Changes for December 2025
Jan 6, 2026
For the month ended 31 December 2025, SUPER HI INTERNATIONAL HOLDING LTD. reported to Hong Kong Exchanges and Clearing Limited that its authorised share capital remained at 10,000,000,000 ordinary shares with a par value of USD 0.000005, equivalent to total authorised capital of USD 50,000. The company’s issued share capital was unchanged over the month, with 650,299,000 ordinary shares in issue, no treasury shares held, and no movements arising from share options, warrants, convertibles, share award schemes or other share-related arrangements. The January 6, 2026 filing signals capital stability with no dilution or buybacks during December 2025, providing shareholders and ADR investors with clarity that the company’s equity structure and Hong Kong listing float were unchanged over the period.
The most recent analyst rating on (HDL) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR stock, see the HDL Stock Forecast page.
SUPER HI International Reports Stable Share Capital for November 2025
Dec 3, 2025
SUPER HI INTERNATIONAL HOLDING LTD. submitted its monthly return for equity issuers and Hong Kong Depositary Receipts for November 2025. The report, dated December 3, 2025, indicates no changes in the company’s authorized or issued share capital, maintaining a total of 10 billion authorized shares and 650.3 million issued shares. This stability in share capital suggests a steady position in the market, with no immediate implications for stakeholders.
The most recent analyst rating on (HDL) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR stock, see the HDL Stock Forecast page.
SUPER HI International Reports Stable Share Capital for October 2025
Nov 6, 2025
SUPER HI INTERNATIONAL HOLDING LTD. reported no changes in its share capital or issued shares for the month ending October 31, 2025. The company’s authorized share capital remains at 10 billion ordinary shares with a par value of USD 0.000005, totaling USD 50,000. The number of issued shares also remained unchanged at 650,299,000. This stability in share capital and issued shares indicates a period of operational steadiness for the company, with no new share issues or treasury share movements reported.
The most recent analyst rating on (HDL) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on SUPER HI INTERNATIONAL HOLDING LTD. Sponsored ADR stock, see the HDL Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.