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TH International Valuation Multiples
Discover revenue and EBITDA valuation multiples for TH International and similar public comparables like Intl Meal Co Alimentacao, One Group Hospitality, Time Out Group, Red Robin Gourmet Burgers and more.
TH International Overview
About TH International
TH International Ltd is the parent company of the franchise of Tim Hortons coffee shops and has the rights to operate Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Through the Tim Hortons brand, the firm offers freshly brewed coffee, tea, and other beverages, bakery & sides, and sandwiches. The Company operated under single reportable segment, Tim Hortons. The company's revenue is derived from its operations in the PRC.
Founded
2018
HQ
Employees
1.6K
Website
Sectors
Financials (LTM)
EV
$310M
TH International Financials
TH International reported last 12-month revenue of $202M.
In the same LTM period, TH International generated had net loss of ($33M).
Revenue (LTM)
TH International P&L
In the most recent fiscal year, TH International reported revenue of $200M and EBITDA of ($38M).
TH International expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $202M | XXX | $200M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $31M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 15% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($38M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (19%) | XXX | XXX | XXX |
| EBIT Margin | (16%) | XXX | (21%) | XXX | XXX | XXX |
| Net Profit | ($33M) | XXX | ($56M) | XXX | XXX | XXX |
| Net Margin | (17%) | XXX | (28%) | XXX | XXX | XXX |
| Net Debt | — | — | $168M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TH International Stock Performance
TH International has current market cap of $67M, and enterprise value of $310M.
Market Cap Evolution
TH International's stock price is $2.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $310M | $67M | 0.0% | XXX | XXX | XXX | $-1.75 |
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Start Free TrialTH International Valuation Multiples
TH International trades at 1.5x EV/Revenue multiple, and (8.1x) EV/EBITDA.
EV / Revenue (LTM)
TH International Financial Valuation Multiples
As of March 18, 2026, TH International has market cap of $67M and EV of $310M.
Equity research analysts estimate TH International's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TH International has a P/E ratio of (2.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $67M | XXX | $67M | XXX | XXX | XXX |
| EV (current) | $310M | XXX | $310M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (8.1x) | XXX | XXX | XXX |
| EV/EBIT | (9.8x) | XXX | (7.5x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.1x | XXX | XXX | XXX |
| P/E | (2.0x) | XXX | (1.2x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (15.1x) | XXX | XXX | XXX |
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Verified TH International 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.
TH International Margins & Growth Rates
TH International's revenue in the last 12 month grew by 6%.
TH International's revenue per employee in the last FY averaged $0.1M.
TH International Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (19%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (61%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
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TH International Public Comps
See public comps and valuation multiples for other Restaurants & Nightlife comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Intl Meal Co Alimentacao | XXX | XXX | XXX | XXX | XXX | XXX |
| One Group Hospitality | XXX | XXX | XXX | XXX | XXX | XXX |
| Time Out Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Red Robin Gourmet Burgers | XXX | XXX | XXX | XXX | XXX | XXX |
| CMR | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TH International M&A Activity
TH International acquired XXX companies to date.
Last acquisition by TH International was on XXXXXXXX, XXXXX. TH International acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TH International
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTH International Investment Activity
TH International invested in XXX companies to date.
TH International made its latest investment on XXXXXXXX, XXXXX. TH International invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TH International
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TH International
| When was TH International founded? | TH International was founded in 2018. |
| Where is TH International headquartered? | TH International is headquartered in China. |
| How many employees does TH International have? | As of today, TH International has over 1K employees. |
| Who is the CEO of TH International? | TH International's CEO is Yongchen Lu. |
| Is TH International publicly listed? | Yes, TH International is a public company listed on Nasdaq. |
| What is the stock symbol of TH International? | TH International trades under THCH ticker. |
| When did TH International go public? | TH International went public in 2022. |
| Who are competitors of TH International? | TH International main competitors are Intl Meal Co Alimentacao, One Group Hospitality, Time Out Group, Red Robin Gourmet Burgers. |
| What is the current market cap of TH International? | TH International's current market cap is $67M. |
| What is the current revenue of TH International? | TH International's last 12 months revenue is $202M. |
| What is the current revenue growth of TH International? | TH International revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of TH International? | Current revenue multiple of TH International is 1.5x. |
| Is TH International profitable? | No, TH International is not profitable. |
| What is the current net income of TH International? | TH International's last 12 months net income is ($33M). |
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