SUPER HI INTERNATIONAL HOLDING LTD. American Depositary Shares logo

SUPER HI INTERNATIONAL HOLDING LTD. American Depositary Shares(HDL)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$11.74
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for HDL

09/25/2026: HDL (1-star) is currently NOT-A-BUY. Pass it for now.

Super Hi International Holding Ltd. (HDL) operates the international segment of the renowned Haidilao hot pot restaurant chain. The company is primarily a growth-oriented stock that seeks to scale its distinctive, service-focused dining model in major cities outside Greater China. Its primary strength lies in high brand recognition, while its main growth opportunity involves expanding its restaurant footprint and localizing menu offerings. Investors must monitor risks related to international operational complexity, rising labor costs, and intense competition in the global dining market. This stock may best suit growth-focused investors comfortable with the risks inherent in international expansion and restaurant-sector execution.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is in an active phase of scaling its brand footprint across international markets.
Momentum investorMixed fitMomentum depends on the success of international expansion cycles and market sentiment toward growth-stage restaurant stocks.
Value investorWeak fitThe stock currently trades primarily on growth multiples rather than current cash flow or deep value metrics.
Dividend investorWeak fitThe company does not pay regular dividends as it reinvests free cash flow into global growth.
Low-risk investorWeak fitRestaurant operations and international expansion entail significant execution risk and market volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highGrowth-stage stocks in the restaurant sector often experience significant price swings based on expansion performance.
Valuation riskMedium / highInvestors may pay high multiples for future growth that may not materialize as quickly as expected.
Competition risk (Global Dining)HighThe company must compete with established global chains for both customer share and prime real estate.
Business qualityMediumThe service-heavy model is difficult to scale without diluting quality or eroding margins.
Dividend incomeLow / noneIncome-focused investors will not find dividend yield here.
Execution riskHighSuccessfully managing international supply chains and local labor regulations is critical to the business model.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -24.24%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
HDL receives a 3-star rating, supported by available scored pillars. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
HDL has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+67.3%) and solid cash generation (FCF margin 7.3%) are partially offset by moderate revenue growth (+8.0%), soft profitability (net margin 4.3%), very low insider ownership of 0.47%.

Financial Health Rating

★★★★★
HDL's financial health is supported by solid cash strength, including free-cash-flow generation (7.3% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is HDL's strongest growth driver at +67.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+8.0%, moderate) and free-cash-flow growth (-27.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 0.8% and approximately 98.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.47%, which materially reduces the ownership score.

Top 5 Institutional Investors

Greenwoods Asset Management Hong Kong Ltd. 0.46%
Millennium Management LLC 0.04%
Jane Street Group LLC 0.04%
XY Capital Ltd 0.02%
Morgan Stanley - Brokerage Accounts 0.01%

Unit Economics (Per $1K Revenue)

★★★★★
HDL generates approximately $226 of gross profit, $50 of operating income, and $73 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.60%

Quantitative Style Profile

★★★★★
HDL has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 691.04M USD
Price to earnings Ratio 117.45
1Y Target Price 17.93
Price to earnings Ratio 117.45
1Y Target Price 17.93
Volume (30-day avg) 701.0 shares
Beta 0.55
52 Weeks Range 11.55 - 18.79
Updated Date 09/25/2026
52 Weeks Range 11.55 - 18.79
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.1

How Company Makes Money

Business areaWhat it includesRetail investor read
Restaurant OperationsDirect food and beverage sales from Haidilao hot pot restaurants globally.The vast majority of revenue comes from people eating at their restaurants.
GeographyOperations across Southeast Asia, North America, and other major international markets.Success depends on finding the right balance of international expansion versus local operational costs.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Earnings Date

Report Date 2026-08-26
When Before Market
Estimate 0.03
Actual -0.03

Profitability

Profit Margin 1.16%
Operating Margin (TTM) 4.29%

Management Effectiveness

Return on Assets (TTM) 4.61%
Return on Equity (TTM) 2.63%

Valuation

Trailing PE 117.45
Forward PE -
Enterprise Value 673.68M
Price to Sales(TTM) 0.78
Enterprise Value 673.68M
Price to Sales(TTM) 0.78
Enterprise Value to Revenue 0.76
Enterprise Value to EBITDA 5.46
Shares Outstanding 58.84M
Shares Floating 57.89M
Shares Outstanding 58.84M
Shares Floating 57.89M
Percent Insiders 0.47
Percent Institutions 0.81

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About SUPER HI INTERNATIONAL HOLDING LTD. American Depositary Shares

Exchange NASDAQ
Headquarters -
IPO Launch date 2024-05-17
CEO & Executive Director Mr. Yu Li
Sector Consumer Cyclical
Industry Restaurants
Full time employees 14242
Full time employees 14242

Super Hi International Holding Ltd., an investment holding company, engages in the restaurant operation and delivery business in Asia, North America, Europe, Oceania, and internationally. It owns and operates Haidilao restaurants. The company also offers food delivery services; and sells hot pot condiment products and food under the Haidilao brand and secondary brands to local guests and retailers. The company was incorporated in 2022 and is headquartered in Singapore.