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TH International LimitedNasdaqCM:THCH Stock Report

Market Cap US$61.1m
Share Price
US$2.03
My Fair Value
n/a
1Y-25.9%
7D-4.2%
Portfolio Value
​
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TH International Limited

NasdaqCM:THCH Stock Report

Market Cap: US$61.1m

TH International (THCH) Stock Overview

Operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. More details

THCH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

Risk Analysis

Has less than 1 year of cash runway

Negative shareholders equity

Earnings have declined by 8.6% per year over past 5 years

Volatile share price over the past 3 months compared to the US market

+ 1 more risk

THCH Community Fair Values

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TH International Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for TH International
Historical stock prices
Current Share PriceUS$2.03
52 Week HighUS$3.25
52 Week LowUS$1.69
Beta0.52
1 Month Change0%
3 Month Change11.85%
1 Year Change-25.91%
3 Year Change-86.99%
5 Year Change-95.80%
Change since IPO-95.82%

Recent News & Updates

Analysis Article • Feb 02

Little Excitement Around TH International Limited's (NASDAQ:THCH) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 0.3x TH International Limited ( NASDAQ:THCH ) is a stock...

Recent updates

Analysis Article • Feb 02

Little Excitement Around TH International Limited's (NASDAQ:THCH) Revenues

You may think that with a price-to-sales (or "P/S") ratio of 0.3x TH International Limited ( NASDAQ:THCH ) is a stock...
Analysis Article • Apr 08

TH International Limited (NASDAQ:THCH) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

To the annoyance of some shareholders, TH International Limited ( NASDAQ:THCH ) shares are down a considerable 26% in...
Analysis Article • Nov 21

Market Might Still Lack Some Conviction On TH International Limited (NASDAQ:THCH) Even After 45% Share Price Boost

The TH International Limited ( NASDAQ:THCH ) share price has done very well over the last month, posting an excellent...
Analysis Article • Oct 01

TH International Limited's (NASDAQ:THCH) Shares Leap 35% Yet They're Still Not Telling The Full Story

TH International Limited ( NASDAQ:THCH ) shares have had a really impressive month, gaining 35% after a shaky period...
Analysis Article • Oct 01

Investors Still Aren't Entirely Convinced By TH International Limited's (NASDAQ:THCH) Revenues Despite 35% Price Jump

TH International Limited ( NASDAQ:THCH ) shares have had a really impressive month, gaining 35% after a shaky period...
Seeking Alpha • Jul 30

Brewing Trouble: TH International's Expansion Masks Deteriorating Fundamentals

Summary Despite rapid store expansion, THCH faces declining same-store sales (-11.7% YoY) and shrinking average transaction value (-15.3% YoY), indicating weakening core business performance. While loyalty membership grew 63.6% YoY, active monthly customers increased only 22.8%, suggesting poor conversion and limited impact on revenue growth (3.1% YoY). Marketing expenses rose 13.4% YoY, outpacing revenue growth (3.1% YoY) and even system sales growth (7.1% YoY), indicating diminishing returns and potential cannibalization of full-price sales. Multiple valuation methods suggest limited upside potential, offering inadequate compensation for the high risks associated with the company’s current performance. Read the full article on Seeking Alpha
Analysis Article • Jun 14

Slammed 27% TH International Limited (NASDAQ:THCH) Screens Well Here But There Might Be A Catch

To the annoyance of some shareholders, TH International Limited ( NASDAQ:THCH ) shares are down a considerable 27% in...
Seeking Alpha • May 06

TH International: Rising Debt Is A Threat To Its Growth Story

Summary Tims China continues to rapidly expand its coffee stores to capitalize on the growing coffee consumption trend in China. Despite showing strong revenue growth, profitability is a concern as it faces fierce competition from rivals in the market. Tims China’s balance sheet looks weak as it continues to consume cash while it builds out its new stores. Read the full article on Seeking Alpha
Analysis Article • Mar 21

TH International Limited's (NASDAQ:THCH) Shares Not Telling The Full Story

It's not a stretch to say that TH International Limited's ( NASDAQ:THCH ) price-to-sales (or "P/S") ratio of 0.9x right...
Seeking Alpha • Feb 20

TH International Expansion Plans Slow On Need For 'More Capital'

Summary TH International needs to ‘commit more capital’ to expand its Tim Hortons business in China “in an exciting way,” according to the CEO of Tim Hortons brand owner RBI. Previous company data showed TH International had 909 Tim Hortons stores in China in mid-January, short of the 1,000 it had previously targeted by the end of 2023. TH International’s revenue rose 42.7% year-on-year in last year’s third quarter to 436 million yuan. Read the full article on Seeking Alpha
Seeking Alpha • Jan 12

TH International Reaches Popeyes Goal, But Falls Short On Tim Hortons

Summary TH International said it currently has 919 stores in its network, including 10 Popeyes and the remainder from its main Tim Hortons chain. The fast food operator opened about 156 stores in the fourth quarter, more than the total for the previous three quarters combined. At the end of the day, big investors that could create some excitement for TH International’s stock appear to be staying on the sidelines for now. Read the full article on Seeking Alpha
Analysis Article • Apr 17

Why Investors Shouldn't Be Surprised By TH International Limited's (NASDAQ:THCH) 34% Share Price Surge

Despite an already strong run, TH International Limited ( NASDAQ:THCH ) shares have been powering on, with a gain of...

Shareholder Returns

THCHUS HospitalityUS Market
7D-4.2%-1.2%2.2%
1Y-25.9%1.1%31.1%

Return vs Industry: THCH underperformed the US Hospitality industry which returned 1.1% over the past year.

Return vs Market: THCH underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is THCH's price volatile compared to industry and market?
THCH volatility
THCH Average Weekly Movement12.0%
Hospitality Industry Average Movement8.0%
Market Average Movement7.3%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: THCH's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: THCH's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20181,573Yongchen Luwww.timschina.com

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. It offers brewed teas, lemon drinks, and lattes, as well as provides bagels. It is also involved in franchise related business.

TH International Limited Fundamentals Summary

How do TH International's earnings and revenue compare to its market cap?
THCH fundamental statistics
Market capUS$61.14m
Earnings (TTM)-US$63.94m
Revenue (TTM)US$193.71m
0.3x
P/S Ratio
-1.0x
P/E Ratio

Is THCH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THCH income statement (TTM)
RevenueCN¥1.32b
Cost of RevenueCN¥804.91m
Gross ProfitCN¥511.29m
Other ExpensesCN¥945.78m
Earnings-CN¥434.49m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-13.57
Gross Margin38.85%
Net Profit Margin-33.01%
Debt/Equity Ratio-125.2%

How did THCH perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 00:27
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TH International Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.