Th International Ltd. (THCH) intrinsic value & 10-year financials
Th International Ltd. (THCH) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 44.1% a year to $1.3B, with an average return on invested capital of 179.7%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $1.3B
- Revenue growth (7-yr CAGR)
- 44.1%
- ROIC (10-yr avg)
- 179.7%
- Free cash flow (FY2025)
- -$78.3M
THCH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | -$434.5M | -$13.36 | -$78.3M | -24.1% | 66.0% |
| FY2024 | $1.4B | -$412.1M | -$12.70 | -$142.5M | -25.1% | 383.5% |
| FY2023 | $1.6B | -$876.3M | -$5.68 | -$488.5M | -44.5% | -177.4% |
| FY2022 | $1.0B | -$742.6M | -$5.80 | -$621.9M | -57.5% | -165.2% |
| FY2021 | $643.4M | -$381.7M | -$3.14 | -$580.3M | -58.2% | 1006.5% |
| FY2020 | $212.1M | -$142.0M | -$1.33 | -$290.5M | -66.6% | -35.0% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TH International Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
TH International Ltd has earned high returns on invested capital, averaging 15.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
TH International Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TH International Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-443.76 per share.