Super Hi International Holding Ltd.

9658.HK · Consumer Cyclical · Restaurants · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

584.72M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

426.85M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

461.49M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

491.02M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

665.47M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.74×

the ratio the screener ranks by

Margin of Safety

-35.5%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 584.72M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)552.67M USD
+②Net Cash Today32.05M USD
+③Growth Value0 USD
=Value584.72M USD

EPV of the Operations (NOPAT over WACC)

552.67M USD

Net cash today

+32.05M USD

Growth Value

0 USD

Value

584.72M USD

①EPV (Earnings Power Value)

552.67M USD

②Net Cash Today

32.05M USD

③Growth Value

0 USD

Market value

Market Cap665.47M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-13.8%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 426.85M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE171.94M USD
+②Equity at Year 15, Today254.91M USD
=Value426.85M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

171.94M USD

②Equity at Year 15, Today

254.91M USD

Market value

Market Cap665.47M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-55.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 461.49M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF338.33M USD
+②Invested Capital at Year 15, Today91.11M USD
+③Net Cash Today32.05M USD
=Value461.49M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

338.33M USD

②Invested Capital at Year 15, Today

91.11M USD

③Net Cash Today

32.05M USD

Market value

Market Cap665.47M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-44.2%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 6.71%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.55×Market Risk Premium 6.00%= 7.82%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 13.18M USDPretax Income 49.56M USD= 26.60%

The tax the interest saves.

Interest Expense =EBIT 61.01M USD−Pretax Income 49.56M USD= 11.46M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 11.46M USDTotal Debt 234.62M USD×(1 − Tax Rate for WACC 26.60%)= 3.58%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 234.62M USDMarket Cap + Total Debt 665.47M USD + 234.62M USD= 26.07%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 73.93%×Cost of Equity 7.82%+Debt Weight 26.07%×Cost of Debt 3.58%= 6.71%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 751.84M USD − Total Liabilities 351.73M USD = Book Value Today 400.11M USD

Total Debt 234.62M USD − Cash and Short-Term Investments 266.67M USD = Net Debt Today -32.05M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 15.6%at most 5%does not pass588,366,000 / 557,400,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets10.4%at least -10.0%passes(114.76M USD − 36.47M USD) ÷ 751.84M USD
Price to bookMarket Cap ÷ Book Value Today1.66×at most 3×passes665.47M USD ÷ 400.11M USD
Operating marginOperating Income ÷ Revenue6.8%above 10.0%does not pass56.95M USD ÷ 841.60M USD
Revenue growthRevenue ÷ Revenue a Year Before − 18.0%above 10.0%does not pass841.60M USD / 779.09M USD
Net cash(Cash − Total Debt) ÷ Market Cap4.8%above -30%passes(266.67M USD − 234.62M USD) ÷ 665.47M USD
Operating efficiencyOperating Income ÷ Gross Profit19.9%above 25.0%does not pass56.95M USD ÷ 286.12M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

8.87 HKD

Enterprise value

5.74B HKD

the provider's own figure

EV / EBITDA

58.83×

Price / book

1.85×

the provider's book

Price / earnings

110.75×

Return on equity

2.6%

the provider's figure, not this page's

Profit margin

1.1%

Revenue growth

10.0%

Analyst target, mean

13.98 HKD

Analysts

5

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

558.78M687.05M779.09M841.60M

Gross profit

183.72M236.91M273.95M286.12M

Operating income

14.07M47.76M66.08M56.95M

EBITDA

operating income before depreciation and amortisation

53.27M120.21M122.88M143.75M

Pretax income

-32.26M33.14M33.28M49.56M

Net income

-41.29M25.68M21.82M36.47M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-15.31M25.00M33.43M28.55M

R&D

——3.95M—
Balance sheet, year end (USD)2022202320242025

Total assets

576.69M577.46M685.11M746.63M

Total liabilities

334.41M305.07M323.09M354.59M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

240.05M270.36M360.39M390.49M

Total debt

242.54M203.15M212.84M229.03M

Cash and equivalents

93.97M153.06M254.97M272.26M

Net PP&E

fixed assets after depreciation

399.13M336.70M337.75M364.85M

Working capital

current assets less current liabilities

36.20M90.48M194.85M206.75M
Cash flow (USD)2022202320242025

Operating cash flow

68.39M114.16M119.82M114.76M

Capital expenditure

paid out, so below zero

-60.53M-33.01M-34.78M-53.35M

Depreciation and amortisation

73.02M78.64M81.05M82.73M

Free cash flow

operating cash flow plus capital expenditure

7.86M81.15M85.04M61.42M