TH International Valuation

Is FQ1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FQ1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FQ1's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FQ1's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FQ1?

Key metric: As FQ1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FQ1. This is calculated by dividing FQ1's market cap by their current revenue.
What is FQ1's PS Ratio?
PS Ratio	0.7x
Sales	CN¥1.45b
Market Cap	CN¥793.80m

FQ1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	-14.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does FQ1's PS Ratio compare to its peers?

The above table shows the PS ratio for FQ1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
MS1 Marley Spoon Group	0.07x	10.0%	€12.8m
DHER Delivery Hero	1x	10.9%	€10.4b
HTG HomeToGo	1.3x	13.6%	€254.7m
IFA LS Invest	2.2x	n/a	€301.0m
FQ1 TH International	0.7x	n/a	€109.6m

Price-To-Sales vs Peers: FQ1 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does FQ1's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
MS1 Marley Spoon Group	0.07x	10.0%	US$13.60m
9UX Hostmore	0.0006x	n/a	US$138.43k

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FQ1 is good value based on its Price-To-Sales Ratio (0.7x) compared to the European Hospitality industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is FQ1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FQ1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FQ1's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.