Super Hi International Holding Ltd. (9658) AI Stock Analysis

• Market Cap: HK$7.98B
• Dividend Yield: N/A
• Average Volume (3M): 633.69K
• Price to Earnings (P/E): 49.3
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 13,057
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.08
• Shares Outstanding: 650,299,000
• 10 Day Avg. Volume: 690,690
• 30 Day Avg. Volume: 633,689
• PEG Ratio: -4.20
• Price to Book (P/B): 4.53
• Price to Sales (P/S): 2.10
• P/FCF Ratio: 19.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$17.47
• Price Target Upside: 29.70% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: HK$15.00 ▲(11.36% Upside)

Super Hi International Holding Ltd. demonstrates strong financial performance with robust revenue growth and improved profitability. However, technical indicators suggest bearish momentum, and the valuation is moderate without a dividend yield. Historical financial instability and leverage are areas to monitor.

Positive Factors

Revenue Growth

Strong revenue growth indicates successful market expansion and product adoption, supporting long-term business sustainability and competitive positioning.

Cash Flow Generation

Consistent positive cash flow generation provides financial flexibility for reinvestment and debt reduction, enhancing long-term stability.

Improved Leverage Management

Improved leverage management reduces financial risk and enhances the company's ability to withstand economic fluctuations, supporting sustainable growth.

Negative Factors

High Total Liabilities

High total liabilities can pressure financial resources, potentially affecting the company's ability to invest in growth opportunities and manage economic downturns.

Low Net Profit Margin

A low net profit margin suggests inefficiencies in converting revenue into profit, which could hinder long-term profitability and competitive edge.

Historical Financial Instability

Past financial instability can indicate underlying vulnerabilities, potentially impacting future financial health and investor confidence.

Super Hi International Holding Ltd. Business Overview & Revenue Model

Company Description

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.

How the Company Makes Money

The company generates revenue through multiple streams, including the sale of consumer electronics, lifestyle products, and related accessories. Its revenue model is largely driven by direct sales to retailers and distributors, as well as e-commerce platforms. Additionally, Super Hi International engages in strategic partnerships with other manufacturers and brands to co-develop and co-market products, which enhances its market reach and profitability. The company may also benefit from economies of scale in production, allowing it to maintain competitive pricing and improve margins. Key factors contributing to its earnings include effective supply chain management, strong brand recognition, and a growing demand for its product categories in various markets.

Super Hi International Holding Ltd. Financial Statement Overview

Summary

Super Hi International Holding Ltd. has shown significant revenue growth and improved profitability margins. The balance sheet reflects a stronger equity position and better leverage management, while cash flow generation is robust. However, historical financial instability and leverage remain concerns.

Income Statement

Super Hi International Holding Ltd. shows strong revenue growth with a significant increase from 2022 to TTM 2025. Gross profit margin and EBIT margin have improved, reflecting efficient cost management. However, the net profit margin is relatively low, indicating some profitability challenges. Overall, the income statement reveals a positive growth trajectory with room for further improvement in net profitability.

Balance Sheet

The company has strengthened its equity position with positive stockholders' equity, improving from negative figures in 2020 and 2021. The debt-to-equity ratio has improved, demonstrating better leverage management. However, a relatively high level of total liabilities poses a risk. The equity ratio shows a stable financial structure but indicates potential volatility due to past negative equity.

Cash Flow

Operating cash flow has been consistently positive, enabling the company to generate substantial free cash flow growth, especially in recent periods. The operating cash flow to net income ratio is strong, indicating effective cash conversion from operations. However, historical fluctuations in free cash flow suggest potential volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	804.11M	778.31M	686.36M	558.23M	312.37M	221.41M
Gross Profit	257.40M	273.68M	225.61M	183.53M	43.39M	34.77M
EBITDA	182.55M	110.38M	120.09M	45.45M	-60.52M	13.50M
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	626.72M	601.59M
Cash, Cash Equivalents and Short-Term Investments	258.47M	254.72M	152.91M	93.89M	126.12M	55.13M
Total Debt	215.24M	212.63M	202.94M	242.30M	745.57M	607.75M
Total Liabilities	327.53M	322.76M	304.76M	334.07M	813.90M	668.55M
Stockholders Equity	373.36M	360.03M	270.09M	239.81M	-187.18M	-519.28M
Cash Flow
Free Cash Flow	91.39M	84.95M	81.07M	7.85M	-63.03M	-107.22M
Operating Cash Flow	91.39M	119.70M	114.05M	68.32M	4.38M	2.76M
Investing Cash Flow	9.05M	-27.62M	-11.78M	888.00K	-87.46M	-91.82M
Financing Cash Flow	-35.08M	12.58M	-43.79M	-65.87M	108.50M	109.75M

Super Hi International Holding Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9658, the sentiment is Negative. The current price of 13.47 is below the 20-day moving average (MA) of 13.94, below the 50-day MA of 13.90, and below the 200-day MA of 15.65, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.14 is Neutral, neither overbought nor oversold. The STOCH value of 20.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9658.

Super Hi International Holding Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6862	71 Outperform	HK$81.71B	16.59	46.34%	5.80%	-4.96%	4.93%
9658	66 Neutral	HK$7.98B	49.34	5.60%	―	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0341	55 Neutral	HK$2.93B	21.63	5.05%	6.84%	-3.45%	-50.11%
9922	53 Neutral	HK$2.42B	51.18	1.38%	1.16%	-6.80%	-85.10%
2150	39 Underperform	HK$1.74B	-2.74	-14.61%	―	-11.19%	-22.98%

Super Hi International Holding Ltd. Corporate Events

Super Hi International Reports Q3 2025 Financial Results

Super Hi International Holding Ltd. announced its unaudited financial results for the third quarter of 2025, reporting a revenue increase of 7.8% to US$214.0 million compared to the same period in 2024. Despite a 15.4% year-over-year decrease in income from operations, the company saw a significant sequential growth of 240.5% from the previous quarter. The company maintained its total number of Haidilao restaurants at 126, with two new openings and one closure. The announcement reflects strategic adjustments and operational growth, indicating a stable market presence.

Super Hi International to Announce Q3 Financial Results

Super Hi International Holding Ltd. has announced a board meeting scheduled for November 26, 2025, to review and approve its unaudited financial results for the third quarter ending September 30, 2025. The results will be published on the Hong Kong Stock Exchange’s website after trading hours, followed by a Chinese language earnings conference call hosted by the company’s management on the same day. This announcement is significant as it provides stakeholders with insights into the company’s recent financial performance and future outlook.