Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares

HDLNASDAQ
Wall Street Score · overall investment38/100
$9.90USD+$0.00 (+0.00%)
Company website www.superhiinternational.com
HeadquartersNo. 09-04, 1 Paya Lebar Link, Singapore, CE, 408533, SG
Financial statement currencyUSD · no FX conversion applied
Consumer Cyclical · Restaurants
Price updated todayFinancials updated Oct 1, 2026

HDL · Price history

Price at last available close

$9.90

−$1.79 (-15.31%) 1M

2026-10-28

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Company & revenue

About SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Super Hi International Holding Ltd., functioning as an investment holding entity, manages and operates a global chain of Haidilao-branded Chinese hot pot restaurants. Its culinary reach extends across various regions, including Asia, North America, Europe, and Oceania. In addition to its restaurant operations, the company provides food delivery services and markets a range of hot pot condiment products and other food items.

How they make money

Super Hi International Holding Ltd. generates revenue primarily through the operation of Haidilao-branded hot pot restaurants in international markets. The company earns income from dine-in services, which include the sale of food and beverages, as well as through food delivery services and the sale of branded condiment products.

Products & services

The company operates a chain of Chinese cuisine restaurants specializing in Sichuan-style hot pot, offering localized menus, table-side services, and cultural performances.

Brands & revenue mix

Haidilao

The primary brand under which the company operates its international hot pot restaurants.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

Other CountriesUSD 376.95M44.8%

Period ended 2025-12-31Source

SINGAPOREUSD 148.22M17.6%

Period ended 2025-12-31Source

UNITED STATESUSD 113.37M13.5%

Period ended 2025-12-31Source

MALAYSIAUSD 108.24M12.9%

Period ended 2025-12-31Source

VIET NAMUSD 93.97M11.2%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

  • Dine-in restaurant customersSource
  • Food delivery service customersSource

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Food and beverage ingredient suppliers — The company sources various food ingredients, raw materials, and condiments from third-party suppliers to support its restaurant operations.Source

Strengths

  • Strong brand recognition of Haidilao in the international hot pot marketSource
  • Extensive operational experience in managing international restaurant chainsSource

Risks

  • Risks associated with international expansion and operating in diverse regulatory environmentsSource
  • Dependence on the reputation and brand image of HaidilaoSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.

Quarterly EPS turned negative at -0.03 versus 0.25 a year earlier.

Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.

Quarterly net income turned from a profit to a loss versus the same quarter last year.

Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

38

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

61

Fair

Financial Strength

56

Business Quality / Moat

100

Management

43

Growth Quality

43

Risk / Durability

40

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

16

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

26/100

Building Historical Record

Model Score 26/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

No strong positive signal is being highlighted from the currently available summary data.

What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak

Company-specific research

Questions worth answering for HDL

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can HDL maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is HDL's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Does HDL's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What future growth or profitability would be needed to justify HDL's current valuation?
  • •What does the current fundamental change risk warning mean for the reliability or interpretation of HDL's score?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

38

0–100 · Weak

Opportunity Score

16

0–100 · Poor

Market Cap

$582.5M

P/E Ratio

57.8

EPS

$0.20

52-Week High

$18.51

52-Week Low

$11.46

Beta

0.54

Intrinsic Value

$7.44

Shares Outstanding

60.7M

Total Revenue

$889.0M

Total Debt

$234.4M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$6.58

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
13/ 100
-1 pts / 5d

Strong downward momentum

5D -3.3% · 20D -13.6% · RSI 22 · Price vs 20D avg -8.8%
Volatility
59/ 100
+15 pts / 5d

Elevated movement

20D realized vol 61.1% · 60D 44.1% · Acceleration 1.39x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on HDL.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Strong brand recognition of Haidilao in the international hot pot market.
  • +Extensive operational experience in managing international restaurant chains.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Restaurants industry.
  • −Risks associated with international expansion and operating in diverse regulatory environments.
  • −Dependence on the reputation and brand image of Haidilao.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak38/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

38

Tap for breakdown →

Fair

66

Debt Cost5.0%
Debt Reduction YoY-7.6%
Debt / Equity0.59x

Tap for breakdown →

Poor

29

Revenue YoY5.6%
Revenue CAGR10.6%
Net Margin1.2%

Tap for breakdown →

Fair

58

Asset Growth YoY9.0%
Liquidation/Share$6.58
Net Assets/MCap0.77x

Tap for breakdown →

Poor

6

Earnings Yield1.5%
Buyback Yield0.0%
Debt Cost5.0%

Tap for breakdown →

Weak

43

ROIC6.4%
ROE2.6%
ROA1.4%

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Elite

100

EPS Growth1487.3%
FCF/Share Growth517.6%
Rev/Share Growth389.5%

Tap for breakdown →

Poor

0

Intrinsic Value$7.44
Value Reference$4.46
MOS-40.7%

Tap for breakdown →

Fair

53

Revenue29
Moat100
Valuation0

Tap for breakdown →

Poor

0

MOS %-40.7%
Value Reference$4.46
Deep Discount Reference$2.97

Tap for breakdown →

Poor

36

Interest Coverage3.6x
ROIC6.4%
FCF Yield9.1%

Tap for breakdown →

Poor

34

Financial36
Valuation0
Debt66

Tap for breakdown →

Strong

71

Survival Years2.0 yrs
Current Ratio2.41x
FCF Margin7.3%

Tap for breakdown →

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Score Changes

4 historical score records available

Previous Score

38

Sep 28, 2026

Change

+0.1

points

Current Score

38

Oct 1, 2026

Category Changes

Revenue+0.3
Debt0
Assets+0.5
Capital0
Management0
Moat0
Valuation0
Buffett+0.2

HDL increased 0.1 points because overall fundamentals improved.

Projected Score

Projected Score

32

Projected Change

-6.0 points

Preliminary comparable-period financial changes suggest decline of approximately 6.0 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$9.90

Model Intrinsic Value

$7.44

Difference

+$2.46

+33.1% vs IV

Margin of Safety

-33.1%

UndervaluedFair ValueOvervalued
Value Reference: $4.46
Deep Discount Reference: $2.97

Financial Charts

Revenue

2019202020212022202320242025$0$250M$500M$750M$1.0B

Additional Metrics

Operating Cash Flow

2019202020212022202320242025-$40M$0$40M$80M$120M

Total Debt

2019202020212022202320242025$0$200M$400M$600M$800M

Total Assets

2019202020212022202320242025$0$200M$400M$600M$800M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019
Revenue$889.0M$841.6M$779.6M$687.5M················
Cost of Revenue$639.0M$651.5M$544.6M$483.7M················
Gross Profit$250.0M$190.1M$235.0M$203.9M················
Research & Development$0.00$0.00$0.00$0.00················
SG&A Expenses$95.3M$148.5M$38.8M$34.6M················
Operating Expenses$196.4M$148.5M$38.8M$34.6M················
EBITDA$105.8M$143.8M$100.0M$79.4M················
Operating Income$53.7M$41.7M$196.3M$169.3M················
Interest Expense$12.1M$11.5M$20.5M$19.0M················
Income Before Tax$26.6M$49.6M$33.2M$33.1M················
Income Tax Expense$16.4M$13.2M$11.8M$7.8M················
Net Income$10.3M$36.5M$21.8M$25.7M················
Basic EPS$0.20$0.60$0.04$0.05················
Basic Shares58.84M60.72M577M557M················
Diluted Shares58.84M60.72M577M557M················
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 25, 2026
Estimated EPS: $0.17Estimated revenue: $231.2M
Jun 30, 2026Q2FY2026

Revenue

$218.7M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.03

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+8.9%

Cash Change

-41.5%

Margin Change

-9.1 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Weakened

  • Margins contracted
  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 9.9%. EPS declined 112.9%. Cash declined 41.5%. Total debt increased 8.9%. Net income margin declined by 9.1 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

4 historical records
Jul 23, 26Aug 14, 26Sep 28, 26Oct 1, 260255075100

Historical Score Chart

3 of 4 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 1 more record and the complete score history.Start Free Trial

Wall Street Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Debt Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Revenue Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Asset Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Capital Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Management Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Moat Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Valuation Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Buffett Score

Aug 14, 26Sep 28, 26Oct 1, 260255075100

Intrinsic Value

Aug 14, 26Sep 28, 26Oct 1, 26$5.00$10.00$15.00$20.00$25.00

Value Reference

Aug 14, 26Sep 28, 26Oct 1, 26$3.00$6.00$9.00$12.00$15.00

Margin of Safety %

Aug 14, 26Sep 28, 26Oct 1, 26-0.6%-0.3%0.0%0.3%0.6%

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News

Rumor Mill · HDL

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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