Financial Snapshot

Revenue
$1.050B
TTM
Gross Margin
61.71%
TTM
Net Earnings
-$627.4M
TTM
Current Assets
Q4 2023
Current Liabilities
Q4 2023
Current Ratio
32.86%
Q4 2023
Total Assets
Q4 2023
Total Liabilities
Q4 2023
Book Value
-422.4M cnies
Q4 2023
Cash
Q4 2023
P/E
-0.1661
Sep 18, 2024 EST
Free Cash Flow
-$431.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue 1.576B cnies $1.011B $0.00 $0.00 $57.26M
YoY Change 55.85% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue 1.576B cnies $1.011B $0.00 $0.00 $57.26M
Cost Of Revenue 149.7M cnies $363.1M $224.7M $79.61M $29.44M
Gross Profit 1.426B cnies $648.0M $418.7M $132.5M $27.82M
Gross Profit Margin 90.5% 64.09% 48.58%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin 445.8M cnies $985.5M $630.2M $222.2M $104.1M
YoY Change -54.76% 56.38% 183.59% 113.56%
% of Gross Profit 31.26% 152.09% 150.51% 167.74% 374.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization 165.9M cnies $133.4M $74.28M $27.84M $8.700M
YoY Change 24.36% 79.6% 166.81% 219.98%
% of Gross Profit 11.63% 20.59% 17.74% 21.01% 31.28%
Operating Expenses 445.8M cnies $1.213B $6.887M $5.000K $119.1M
YoY Change -63.25% 17514.1% 137640.2% -100.0%
Operating Profit -701.2M cnies -$581.2M $411.8M $132.5M -$91.26M
YoY Change 20.65% -241.13% 210.87% -245.16%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense 20.43M cnies $14.80M $104.5K -$1.888M $3.427M
YoY Change 37.97% 14062.44% -105.54% -155.08%
% of Operating Profit 0.03% -1.43%
Other Income/Expense, Net 121.4M cnies $8.340M $5.722M $2.713M
YoY Change 1355.83% 45.76% 110.93%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -872.8M cnies -$744.7M -$1.061M -$5.000K -$87.83M
YoY Change 17.2% 70101.65% 21117.4% -99.99%
Income Tax 97.24K cnies $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -876.3M cnies -$742.6M -$1.061M -$5.000K -$87.65M
YoY Change 17.99% 69903.42% 21117.4% -99.99%
Net Earnings / Revenue -55.61% -73.45% -153.09%
Basic Earnings Per Share -$5.68 -$5.80 -$3.14 -$1.33
Diluted Earnings Per Share -$5.68 -$5.80 -$25.76K -$133.30 -$590.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $611.5M $376.0K $174.9M
YoY Change 162524.84% -99.78%
Cash & Equivalents $376.0K
Short-Term Investments $372.4M
Other Short-Term Assets $28.39M $43.34K $249.7K
YoY Change 65409.46% -82.64%
Inventory $71.47M $42.48M $11.30M
Prepaid Expenses
Receivables $5.617M $9.817M $7.978M
Other Receivables $79.88M $67.91M $31.69M
Total Short-Term Assets $796.8M $419.3K $249.7K
YoY Change 189920.41% 67.95%
Property, Plant & Equipment $1.667B $554.0M $235.8M
YoY Change 200.88% 135.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $345.1M
YoY Change
Other Assets $82.27M $67.31M $31.81M
YoY Change 22.22% 111.59%
Total Long-Term Assets $1.845B $345.1M $0.00
YoY Change 434.68%
Total Assets $2.642B $345.5M $249.7K
YoY Change
Accounts Payable $114.8M $69.16M $17.56M
YoY Change 65.93% 293.94%
Accrued Expenses $323.9M $5.002M $100.0K
YoY Change 6374.97% 4901.79%
Deferred Revenue
YoY Change
Short-Term Debt $386.8M $0.00 $129.7K
YoY Change -100.0%
Long-Term Debt Due $20.99M $3.096M $0.00
YoY Change 577.89%
Total Short-Term Liabilities $1.318B $5.002M $229.7K
YoY Change 26255.81% 2077.82%
Long-Term Debt $362.9M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $850.6M $15.98M $19.06M
YoY Change 5221.71% -16.16%
Total Long-Term Liabilities $1.213B $15.98M $0.00
YoY Change 7492.14%
Total Liabilities $2.533B $33.06M $229.7K
YoY Change 7562.39% 14294.42%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 154.2M shares 128.1M 121.6M 106.7M
Diluted Shares Outstanding 154.2M shares 128.1M 121.6M 106.7M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $104.2 Million

About TH International Ltd

TH International Ltd. is a holding company, which through its subsidiaries, engages in the commercial franchising of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is headquartered in Shanghai, Shanghai and currently employs 2,367 full-time employees. The company went IPO on 2022-09-29. Through its subsidiaries, The Company operates its businesses through two segments. Tim Hortons segment is mainly engaged in coffee, donut and tea restaurant chains. Popeyes segment mainly operates quick-service restaurant, providing food including sweet chili chicken, salt and pepper chicken shoulders, golden cheese chicken nuggets, and a Longjing tea-based pomelo milkshake. The segment also provides Popeyes’ signature items, including New Orleans-style spicy chicken, Louisiana-style seafood such as Cajun popcorn shrimp and sides including mashed potatoes with Cajun gravy. The firm also engages in sales of coffee, beverages and prepared food through company owned and operated stores and franchised stores. The firm mainly conducts its businesses in the mainland China market.

Industry: Retail-Eating Places Peers: