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Upturn AI Summary - About
TH International Limited(THCH)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for THCH
09/23/2026: THCH (1-star) is currently NOT-A-BUY. Pass it for now.
TH International Limited operates the Tim Hortons and Popeyes brands in China, positioning itself as a growing player in the competitive Chinese coffee and fast-food market. Its core strengths include a well-known international brand portfolio and a digital-first approach to customer engagement. The primary growth story centers on scaling its store footprint to achieve the scale necessary for profitability in a massive consumer market. However, significant risks include intense pricing pressure from established rivals and the company’s current status as a loss-making enterprise. This stock may suit growth-oriented investors with high risk tolerance who are looking for exposure to the long-term potential of the Chinese quick-service industry.
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 style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company is in a high-growth phase, but the competitive intensity in China limits the visibility of long-term sustainable growth. |
| Momentum investor | Weak fit | The stock has struggled to maintain positive momentum, making it a poor candidate for trend-following strategies at this time. |
| Value investor | Weak fit | As a loss-making growth company, it does not meet traditional value investing criteria. |
| Dividend investor | Weak fit | The company pays no dividends and is focused on capital-intensive expansion. |
| Low-risk investor | Weak fit | High volatility and competitive business risks make this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Thin trading volumes and growth-stage status lead to significant price swings. |
| Valuation risk | Medium / high | Future growth expectations are highly sensitive to execution performance. |
| Competition risk (Coffee and QSR) | High | Extremely aggressive pricing from major incumbents pressures margins. |
| Business quality | Medium | The company relies on successful brand adaptation and store-level execution in a saturated market. |
| Dividend income | Low / none | There is no dividend payout, and cash is entirely focused on growth. |
| Execution risk | High | Scaling physical stores rapidly while managing costs is operationally difficult. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -54.08% | Avg. Invested days 15 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 41.33M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 10.2K shares | Beta 0.48 | 52 Weeks Range 1.09 - 3.25 | Updated Date 09/23/2026 |
52 Weeks Range 1.09 - 3.25 | Updated Date 09/23/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.34 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Tim Hortons China | Revenue from company-operated stores selling coffee, tea, and baked goods. | The primary way the company generates revenue is through direct sales to customers at their physical store locations. |
| Popeyes China | Revenue from sales of fried chicken and related fast-food products. | This is a secondary revenue stream intended to diversify product offerings beyond the morning coffee rush. |
| Geography: China | All operations are concentrated within the Chinese market. | Investors are fully exposed to the risks and opportunities of the Chinese consumer economy. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 323.10M | Price to Sales(TTM) 0.03 |
Enterprise Value 323.10M | Price to Sales(TTM) 0.03 | ||
Enterprise Value to Revenue 1.81 | Enterprise Value to EBITDA -1.13 | Shares Outstanding 32.04M | Shares Floating 8.69M |
Shares Outstanding 32.04M | Shares Floating 8.69M | ||
Percent Insiders 11.96 | Percent Institutions 58.76 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
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)
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)
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)
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)
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)
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)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
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)
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)
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)
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)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
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)
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)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About TH International Limited
Exchange NASDAQ | Headquarters - | ||
IPO Launch date 2022-09-29 | CEO - | ||
Sector Consumer Cyclical | Industry Restaurants | Full time employees 1544 | Website https://www.timschina.com |
Full time employees 1544 | Website https://www.timschina.com | ||
TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods. TH International Limited was founded in 2018 and is headquartered in Shanghai, the People's Republic of China.
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