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Chagee Valuation Multiples

Discover revenue and EBITDA valuation multiples for Chagee and similar public comparables like Thai President Foods, Alicorp, BellRing Brands, Nestle Nigeria and more.

Chagee Overview

About Chagee

Chagee Holdings Ltd is a premium tea drinks brand. It is engaged in the sales of freshly-made tea drinks, related raw materials, packaging, teahouse equipment and other supplies in China.


Founded

2023

HQ

China

Employees

4.8K

Website

chagee.com

Financials (LTM)

Revenue: $2B
EBITDA: $276M

EV

$947M

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Chagee Financials

Chagee reported last 12-month revenue of $2B and EBITDA of $276M.

In the same LTM period, Chagee generated $1B in gross profit, $276M in EBITDA, and $194M in net income.

Revenue (LTM)


Chagee P&L

In the most recent fiscal year, Chagee reported revenue of $2B and EBITDA of $432M.

Chagee expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Chagee forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$2BXXX$2BXXXXXXXXX
Gross Profit$1BXXX$833MXXXXXXXXX
Gross Margin53%XXX46%XXXXXXXXX
EBITDA$276MXXX$432MXXXXXXXXX
EBITDA Margin14%XXX24%XXXXXXXXX
EBIT Margin12%XXX23%XXXXXXXXX
Net Profit$194MXXX$369MXXXXXXXXX
Net Margin10%XXX20%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Chagee Stock Performance

Chagee has current market cap of $2B, and enterprise value of $947M.

Market Cap Evolution


Chagee's stock price is $10.38.

See Chagee trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$947M$2B-0.1%XXXXXXXXX$1.99

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Chagee Valuation Multiples

Chagee trades at 0.5x EV/Revenue multiple, and 3.4x EV/EBITDA.

See valuation multiples for Chagee and 15K+ public comps

EV / Revenue (LTM)


Chagee Financial Valuation Multiples

As of April 22, 2026, Chagee has market cap of $2B and EV of $947M.

Equity research analysts estimate Chagee's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Chagee has a P/E ratio of 9.9x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$2BXXX$2BXXXXXXXXX
EV (current)$947MXXX$947MXXXXXXXXX
EV/Revenue0.5xXXX0.5xXXXXXXXXX
EV/EBITDA3.4xXXX2.2xXXXXXXXXX
EV/EBIT4.2xXXX2.2xXXXXXXXXX
EV/Gross Profit0.9xXXX1.1xXXXXXXXXX
P/E9.9xXXX5.2xXXXXXXXXX
EV/FCF5.7xXXX2.5xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Chagee Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Chagee Margins & Growth Rates

Chagee's revenue in the last 12 month grew by 9%.

Chagee's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Chagee's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Chagee's rule of X is 38% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Chagee and other 15K+ public comps

Chagee Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth9%XXX3%XXXXXXXXX
EBITDA Margin14%XXX24%XXXXXXXXX
EBITDA Growth31%XXX(43%)XXXXXXXXX
Rule of 40—XXX26%XXXXXXXXX
Bessemer Rule of X—XXX38%XXXXXXXXX
Revenue per Employee—XXX$0.4MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue10%XXX7%XXXXXXXXX
G&A Expenses to Revenue16%XXX11%XXXXXXXXX
R&D Expenses to Revenue0%XXX—XXXXXXXXX
Opex to Revenue—XXX23%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Chagee Public Comps

See public comps and valuation multiples for other Food & Beverages comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
ChageeXXXXXXXXXXXXXXXXXX
Thai President FoodsXXXXXXXXXXXXXXXXXX
AlicorpXXXXXXXXXXXXXXXXXX
BellRing BrandsXXXXXXXXXXXXXXXXXX
Nestle NigeriaXXXXXXXXXXXXXXXXXX
AryztaXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Chagee M&A Activity

Chagee acquired XXX companies to date.

Last acquisition by Chagee was on XXXXXXXX, XXXXX. Chagee acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

See M&A valuation multiples

Latest Acquisitions by Chagee

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Chagee Investment Activity

Chagee invested in XXX companies to date.

Chagee made its latest investment on XXXXXXXX, XXXXX. Chagee invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Chagee

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Chagee

When was Chagee founded?Chagee was founded in 2023.
Where is Chagee headquartered?Chagee is headquartered in China.
How many employees does Chagee have?As of today, Chagee has over 4K employees.
Who is the CEO of Chagee?Chagee's CEO is Junjie Zhang.
Is Chagee publicly listed?Yes, Chagee is a public company listed on Nasdaq.
What is the stock symbol of Chagee?Chagee trades under CHA ticker.
When did Chagee go public?Chagee went public in 2025.
Who are competitors of Chagee?Chagee main competitors are Thai President Foods, Alicorp, BellRing Brands, Nestle Nigeria.
What is the current market cap of Chagee?Chagee's current market cap is $2B.
What is the current revenue of Chagee?Chagee's last 12 months revenue is $2B.
What is the current revenue growth of Chagee?Chagee revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Chagee?Current revenue multiple of Chagee is 0.5x.
Is Chagee profitable?Yes, Chagee is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Chagee?Chagee's last 12 months EBITDA is $276M.
What is Chagee's EBITDA margin?Chagee's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of Chagee?Current EBITDA multiple of Chagee is 3.4x.
What is the current FCF of Chagee?Chagee's last 12 months FCF is $166M.
What is Chagee's FCF margin?Chagee's last 12 months FCF margin is 9%.
What is the current EV/FCF multiple of Chagee?Current FCF multiple of Chagee is 5.7x.

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