Health and Happiness (H&H) International Holdings Limited (HK:1112)
:1112
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Health and Happiness (H&H) International Holdings
(1112)
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Rating:49Neutral
Price Target:
HK$12.50
â–¼(-11.91% Downside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by volatile profitability alongside elevated leverage, which increases risk despite solid gross margins and positive free cash flow. Technicals further weigh on the score as the stock trades below major moving averages with bearish momentum. Valuation is also a headwind given the high P/E and only modest dividend yield.
Positive Factors
High Gross Margins
Gross margins around 60–64% provide durable core economics and pricing flexibility. High product-level margins enable reinvestment in marketing, distribution and R&D without immediate margin erosion, supporting sustained profitability even through cyclical or competitive pressures.
Negative Factors
Elevated Leverage
Leverage around 1.5–1.6 materially reduces financial flexibility and raises refinancing and interest-rate risk. Elevated debt magnifies the impact of earnings volatility, constraining the firm's ability to fund growth or absorb shocks without improving cash generation or executing credible deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Gross margins around 60–64% provide durable core economics and pricing flexibility. High product-level margins enable reinvestment in marketing, distribution and R&D without immediate margin erosion, supporting sustained profitability even through cyclical or competitive pressures.
Read all positive factors
Health and Happiness (H&H) International Holdings (1112) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.11B
Dividend Yield1.77%
Average Volume (3M)2.14M
Price to Earnings (P/E)39.6
Beta (1Y)0.72
Revenue Growth-2.15%
EPS Growth-202.71%
CountryHK
Employees2,800
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.21
Shares Outstanding645,561,340
10 Day Avg. Volume985,367
30 Day Avg. Volume2,140,320
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)1.26
Price to Sales (P/S)0.54
P/FCF Ratio7.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$17.45Price Target Upside22.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.12
Revenue Forecast (FY)HK$15.75B
Health and Happiness (H&H) International Holdings Business Overview & Revenue Model
Company Description
Health and Happiness (H&H) International Holdings Limited, an investment holding company, manufactures and sells family nutrition and baby care products worldwide. The company's Infant Formulas segment produces infant formulas for children under s...
How the Company Makes Money
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Health and Happiness (H&H) International Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.98B | 13.05B | 13.93B | 12.78B | 11.55B |
| Gross Profit | 8.73B | 7.92B | 8.47B | 7.70B | 7.25B |
| EBITDA | 2.15B | 1.37B | 2.04B | 1.87B | 1.42B |
| Net Income | 191.06M | -53.72M | 581.85M | 611.78M | 508.48M |
Balance Sheet | |||||
| Total Assets | 19.41B | 18.84B | 20.04B | 20.96B | 20.28B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.60B | 1.45B | 2.30B | 2.40B |
| Total Debt | 9.06B | 9.36B | 9.22B | 9.67B | 9.48B |
| Total Liabilities | 13.42B | 13.03B | 13.75B | 14.82B | 14.40B |
| Stockholders Equity | 5.99B | 5.81B | 6.30B | 6.14B | 5.89B |
Cash Flow | |||||
| Free Cash Flow | 947.13M | 1.25B | 1.01B | 1.37B | 1.78B |
| Operating Cash Flow | 994.38M | 1.35B | 1.10B | 1.47B | 1.89B |
| Investing Cash Flow | -134.75M | 895.00K | -52.07M | -104.88M | -4.01B |
| Financing Cash Flow | -794.56M | -1.07B | -1.99B | -1.49B | 2.77B |
Health and Happiness (H&H) International Holdings Technical Analysis
Negative
14.19
Price Trends
14.22
Negative
13.90
Negative
13.22
Negative
Market Momentum
-0.65
Positive
36.82
Neutral
35.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1112, the sentiment is Negative. The current price of 14.19 is above the 20-day moving average (MA) of 12.86, below the 50-day MA of 14.22, and above the 200-day MA of 13.22, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 36.82 is Neutral, neither overbought nor oversold. The STOCH value of 35.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1112.
Health and Happiness (H&H) International Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$55.83B | 8.37 | 23.50% | 3.26% | 2.03% | 1.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | HK$6.73B | 13.00 | 7.63% | 2.21% | -3.39% | 91.63% | |
56 Neutral | HK$67.16B | 34.73 | 3.79% | 3.62% | -7.36% | -107.25% | |
55 Neutral | HK$32.06B | 8.88 | 7.69% | 6.70% | -0.64% | -24.62% | |
49 Neutral | HK$8.11B | 39.58 | 3.23% | 1.77% | -2.15% | -202.71% | |
48 Neutral | HK$3.22B | 18.39 | 2.84% | 2.90% | 0.52% | 99.51% |
* Consumer Defensive Sector Average
HK:1112
Health and Happiness (H&H) International Holdings
12.56
4.10
48.41%
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-1.28
-6.87%
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Health and Happiness (H&H) International Holdings Corporate Events
H&H International Returns to Profit on Higher Revenue and Stronger Margins in 2025
Mar 24, 2026
Health and Happiness (HH) International Holdings reported a solid improvement in its 2025 financial performance, with revenue rising 10.0% year-on-year to RMB14.35 billion and gross profit increasing 13.2% to RMB8.96 billion. The group swung from ...
H&H International Declares Final Dividend of HKD 0.16 Per Share for 2025
Mar 24, 2026
Health and Happiness (HH) International Holdings Limited has declared a final ordinary cash dividend of HKD 0.16 per share for the financial year ended 31 December 2025. The payout, subject to shareholder approval on 15 May 2026, underscores the c...
H&H flags double-digit 2025 revenue growth and higher earnings on broad-based demand
Mar 3, 2026
Health and Happiness (HH) International Holdings reported low double-digit revenue growth for 2025 on both reported and like-for-like bases, driven by gains across its adult, baby and pet nutrition segments. The company said Chinese mainland and o...
H&H Schedules March Board Meeting to Approve 2025 Annual Results and Consider Dividend
Mar 2, 2026
Health and Happiness (HH) International Holdings has scheduled a board meeting in Hong Kong on 24 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. The board will also consider recomme...
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.