Helens International Holdings Company Limited (9869) AI Stock Analysis

• Market Cap: HK$1.52B
• Dividend Yield: 19.95%
• Average Volume (3M): 1.66M
• Price to Earnings (P/E): 21.5
• Beta (1Y): 2.60
• Revenue Growth: -36.08%
• EPS Growth: -206.05%
• Country: HK
• Employees: 678
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 0.04
• Shares Outstanding: 1,265,477,500
• 10 Day Avg. Volume: 1,690,664
• 30 Day Avg. Volume: 1,662,704
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$1.50
• Price Target Upside: 25.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: HK$1.50 ▲(25.00% Upside)

The overall stock score reflects significant financial challenges, including declining revenues and profitability, despite improved leverage ratios. Technical indicators suggest short-term stability but long-term weakness. The high dividend yield is concerning given the negative P/E ratio, indicating potential overvaluation or risk of dividend cuts.

Helens International Holdings Company Limited Business Overview & Revenue Model

Company Description

Helens International Holdings Company Limited, an investment holding company, engages in the bar operations and franchise business in the People's Republic of China (PRC) and Hong Kong. The company provides alcoholic drinks, such as spirituous drinks and beers, as well as snacks under the Helen's brand name. As of April 19, 2022, it had a total number of 859 self-operated bars in the PRC, which covers 26 provincial-level administrative regions and 152 cities. The company was founded in 2009 and is headquartered in Shenzhen, the People's Republic of China. Helens International Holdings Company Limited is a subsidiary of HHL International Limited.

How the Company Makes Money

Helens International Holdings Company Limited generates revenue through the operation of its bars and pubs, primarily by selling beverages and food. The company's revenue model is centered on high customer footfall and turnover, driven by its strategic locations and attractive pricing. A significant portion of its earnings comes from the sale of alcoholic beverages, which are complemented by a range of snack and meal offerings that enhance the overall customer experience. Additionally, Helens International may engage in partnerships with beverage suppliers and sponsors, which can provide additional revenue streams or cost advantages. The company's ability to maintain a consistent brand experience across its locations helps in building customer loyalty and repeat business, further contributing to its financial performance.

Helens International Holdings Company Limited Financial Statement Overview

Summary

Helens International Holdings is facing significant financial challenges, with declining revenues, profitability, and equity. The improvement in leverage ratios is a positive factor, but cash flow volatility and the lack of profitability highlight operational challenges. Strategic actions are needed to stabilize and improve financial performance.

Income Statement

The company has experienced a significant decline in revenue and profitability over the years. Gross profit margin declined from 45.7% in 2019 to 30.2% in 2024. The net profit margin also turned negative in recent years, with a net loss being reported in 2024. Revenue growth has been negative, with a significant drop from 2022 to 2024. These factors indicate financial stress and operational inefficiencies.

Balance Sheet

The balance sheet shows a decreasing equity base, with stockholders' equity declining from 2019 to 2024. However, the debt-to-equity ratio improved significantly from 4.4 in 2019 to 0.13 in 2024, thanks to reduced debt levels. Despite this positive leverage trend, the overall financial stability remains pressured by declining equity and asset base.

Cash Flow

Cash flow performance has been weak, with no free cash flow reported in 2024. The operating cash flow has been volatile, and free cash flow turned negative between 2020 and 2023. While the cash position was strengthened in 2023, the lack of positive free cash flow in 2024 raises concerns about liquidity management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	752.21M	1.21B	1.56B	1.84B	817.95M
Gross Profit	274.29M	489.91M	525.37M	801.46M	367.63M
EBITDA	75.53M	379.35M	-1.06B	198.40M	262.94M
Net Income	-77.98M	180.50M	-1.60B	-230.00M	70.07M
Balance Sheet
Total Assets	1.38B	2.16B	2.68B	4.29B	859.94M
Cash, Cash Equivalents and Short-Term Investments	803.63M	1.28B	1.30B	1.63B	24.25M
Total Debt	145.43M	255.67M	741.00M	1.25B	552.24M
Total Liabilities	257.18M	343.58M	853.90M	1.41B	699.70M
Stockholders Equity	1.12B	1.82B	1.82B	2.88B	160.24M
Cash Flow
Free Cash Flow	157.32M	229.46M	-228.28M	-626.93M	139.68M
Operating Cash Flow	165.53M	275.02M	142.89M	366.59M	245.85M
Investing Cash Flow	33.96M	-437.16M	-356.00M	-994.09M	-109.87M
Financing Cash Flow	-696.90M	-323.15M	-220.21M	2.24B	-134.00M

Helens International Holdings Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9869, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.27, below the 50-day MA of 1.24, and below the 200-day MA of 1.51, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.15 is Neutral, neither overbought nor oversold. The STOCH value of 10.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9869.

Helens International Holdings Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6811	64 Neutral	HK$1.07B	11.74	6.71%	5.45%	4.16%	59.08%
0538	57 Neutral	HK$1.11B	93.58	-0.69%	6.27%	0.26%	-73.09%
9869	48 Neutral	HK$1.52B	21.54	-7.85%	19.95%	-36.08%	-206.05%
2150	46 Neutral	HK$2.13B	-3.29	-23.35%	―	-11.19%	-22.98%
1488	44 Neutral	HK$947.20M	-3.81	96.88%	―	-23.57%	-22.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Helens International Holdings Company Limited Corporate Events

Helens International Holdings Expands Bar Network Amid Revenue Decline

Helens International Holdings Company Limited reported a decline in revenue and profit for the first half of 2025 compared to the same period in 2024. Despite this, the company expanded its bar network, increasing the total number of bars from 560 to 583 by August 2025. The expansion includes the resumption of its self-operated bar plan, aiming to enhance operational performance through new openings and upgrades. This strategic move is expected to gradually expand their self-operated network, potentially improving customer experience and reducing operational costs.

The most recent analyst rating on (HK:9869) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Helens International Holdings Company Limited stock, see the HK:9869 Stock Forecast page.

Helens International Announces Interim Dividend for 2025

Helens International Holdings Company Limited has announced an interim dividend of RMB 0.1051 per share for the six months ending June 30, 2025, with payment to be made on September 30, 2025. The dividend will be paid in Hong Kong dollars for Hong Kong shareholders and in Singapore dollars for Singapore shareholders, reflecting the company’s commitment to providing returns to its investors.

The most recent analyst rating on (HK:9869) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Helens International Holdings Company Limited stock, see the HK:9869 Stock Forecast page.

Helens International Holdings Announces Changes to Nomination Committee

Helens International Holdings Company Limited, listed on the Hong Kong and Singapore stock exchanges, has announced changes to its Nomination Committee. Effective August 29, 2025, Ms. Cai Wenjun and Mr. Ler Soon Hock Leonard have been appointed to the committee. These changes align with new amendments to the Listing Rules and Corporate Governance Code, aiming to enhance board effectiveness and diversity, thereby strengthening the company’s corporate governance practices.

The most recent analyst rating on (HK:9869) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Helens International Holdings Company Limited stock, see the HK:9869 Stock Forecast page.

Helens International Holdings Announces Board Composition and Roles

Helens International Holdings Company Limited announced the composition of its board of directors, including both executive and independent non-executive directors. The announcement also detailed the roles and functions of each director within the company’s board committees, which include the Audit, Remuneration, and Nomination Committees. This update may impact the company’s governance and strategic direction, influencing stakeholder confidence and operational oversight.

The most recent analyst rating on (HK:9869) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Helens International Holdings Company Limited stock, see the HK:9869 Stock Forecast page.

Helens International Holdings Schedules Board Meeting for Interim Results

Helens International Holdings Company Limited has announced a board meeting scheduled for August 29, 2025, to consider and approve the interim results for the first half of the year and discuss the potential payment of an interim dividend. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic decisions for the upcoming period.

Helens International Announces Board Changes with New Director Appointment

Helens International Holdings Company Limited announced a change in its board of directors, with Mr. Wong Heung Ming Henry resigning as an independent non-executive director and audit committee member, effective July 11, 2025, to focus on other business endeavors. Mr. Ler Soon Hock Leonard has been appointed as his replacement, bringing over 18 years of experience in business development, consulting, and management. This change is expected to bring fresh perspectives and expertise to the company’s board, potentially impacting its strategic direction and stakeholder relations.

Helens International Announces Board Composition and Committee Roles

Helens International Holdings Company Limited has announced the composition of its board of directors and their respective roles and functions. The board consists of both executive and independent non-executive directors, with Mr. Xu Bingzhong serving as Chairman and CEO. The company has also detailed the membership of its three board committees: Audit, Remuneration, and Nomination. This announcement provides clarity on the governance structure of the company, which may impact its strategic decision-making and stakeholder confidence.

Helens International Announces Change in Share Registrar

Helens International Holdings Company Limited, listed on both the Hong Kong and Singapore stock exchanges, has announced a change in its Hong Kong Branch Share Registrar and Transfer Office. Effective July 28, 2025, the company will transition its registrar services to Tricor Investor Services Limited. This change is significant for shareholders as it affects the registration and transfer of shares, with all related activities to be conducted through Tricor from the effective date.