H World Group Ltd. (HTHT) intrinsic value & 10-year financials
H World Group Ltd. (HTHT) has a Graham intrinsic value of $53.15 per share. Over the last 10 fiscal years revenue grew 16.2% a year to $25.3B, with an average return on invested capital of 9.4%.
- Graham intrinsic value
- $53.15
- Revenue (FY2025)
- $25.3B
- Revenue growth (10-yr CAGR)
- 16.2%
- ROIC (10-yr avg)
- 9.4%
- Free cash flow (FY2025)
- —
HTHT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $25.3B | $5.1B | $1.60 | — | 26.9% | 13.4% |
| FY2024 | $23.9B | $3.0B | $0.96 | — | 21.8% | 9.1% |
| FY2023 | $21.9B | $4.1B | $1.25 | — | 21.5% | 8.8% |
| FY2022 | $13.9B | -$1.8B | -$0.59 | — | -2.1% | -0.6% |
| FY2021 | $12.8B | -$465.0M | -$0.15 | — | 1.3% | 0.4% |
| FY2020 | $10.2B | -$2.2B | -$0.68 | — | -16.5% | -3.6% |
| FY2019 | $11.2B | $1.8B | $0.54 | — | 18.8% | 6.1% |
| FY2018 | $10.1B | $716.0M | $0.23 | — | 23.3% | 13.3% |
| FY2017 | $8.2B | $1.2B | $0.39 | — | 17.5% | 21.3% |
| FY2016 | $6.6B | $804.6M | $0.26 | — | 13.2% | 26.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
H World Group Ltd is a consistent compounder, expanding top-line revenue at 16.2% annually over the past decade.
H World Group Ltd returns on capital have been average, hovering around 9.4% ROIC over the decade.
Over the decade, H World Group Ltd shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, H World Group Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $53.15 per share.