HWH International Inc. (HWH) 10-Year Financial Performance & Capital Metrics

HWH • • Industrial / General

Consumer CyclicalLeisureCruise & Travel ServicesLuxury Travel Services

AboutHWH International Inc. operates a marketplace platform to provide products and services for health, wealth, and happiness. It operates HWH Marketplace, a marketing place; Hapi Café; Hapi Travel Destination platform to book travel, hotel, and vacation packages; and Hapi Wealth builder program. The company is based in Bethesda, Maryland. HWH International Inc operates as a subsidiary of Alset International LimitedShow more

Revenue $1M +50.9%
EBITDA -$2M +15.2%
Net Income -$3M -139.8%
EPS (Diluted) -0.16 -70.4%
Gross Margin 48.01% -19.6%
EBITDA Margin -159.27% +43.8%
Operating Margin -163.11% +43.9%
Net Margin -206.67% -58.9%
ROE -25.42% -113.9%
ROIC -17.76% +16.8%
Debt/Equity 0.62 +1672.3%
Interest Coverage -28.37

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 45.0% in last year
✗Trading more than 30% below 52-week high
✗Expensive at 11.0x book value
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-36.57%

TTM-6.38%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM56.47%

EPS CAGR

10Y-

5Y-

3Y-

TTM51.54%

ROCE

10Y Avg7.83%

5Y Avg7.83%

3Y Avg-27.53%

Latest-16.89%

Peer Comparison

Luxury Travel Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ISPOInspirato Incorporated	53.95M	4.24	-4.66	-14.96%	-4.24%
HWHHWH International Inc.	12.24M	1.89	-11.81	50.94%	-99.16%	-37.5%		0.62

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Nov 2023	Dec 2024
Sales/Revenue+	3.15M	4.91M	1.2M	830.52K	1.25M
Revenue Growth %	-	0.56%	-0.76%	-0.31%	0.51%
Cost of Goods Sold+	1.83M	2.61M	656.05K	334.82K	651.72K
COGS % of Revenue	0.58%	0.53%	0.55%	0.4%	0.52%
Gross Profit+	1.31M	2.3M	546.84K	495.69K	601.86K
Gross Margin %	0.42%	0.47%	0.45%	0.6%	0.48%
Gross Profit Growth %	-	0.75%	-0.76%	-0.09%	0.21%
Operating Expenses+	584.13K	5K	689.65K	2.91M	2.65M
OpEx % of Revenue	0.19%	0%	0.57%	3.5%	2.11%
Selling, General & Admin	584.66K	5K	689.65K	1.87M	2.65M
SG&A % of Revenue	0.19%	0%	0.57%	2.26%	2.11%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	0	102.22K	147.21K	0	0
Operating Income+	728.66K	-5K	-689.65K	-2.41M	-2.04M
Operating Margin %	0.23%	-0%	-0.57%	-2.91%	-1.63%
Operating Income Growth %	-	-1.01%	-136.93%	-2.5%	0.15%
EBITDA+	730.26K	264.12K	-314.02K	-2.36M	-2M
EBITDA Margin %	0.23%	0.05%	-0.26%	-2.84%	-1.59%
EBITDA Growth %	-	-0.64%	-2.19%	-6.5%	0.15%
D&A (Non-Cash Add-back)	1.6K	269.12K	375.63K	58.01K	48.17K
EBIT	728.66K	1.8M	-1.04M	-661.28K	-2.53M
Net Interest Income+	0	0	990.11K	2.22M	-72.08K
Interest Income	0	0	990.11K	2.22M	0
Interest Expense	0	0	0	0	72.08K
Other Income/Expense	532	0	1.26M	1.75M	-561.73K
Pretax Income+	729.19K	-5K	300.46K	-661.28K	-2.61M
Pretax Margin %	0.23%	-0%	0.25%	-0.8%	-2.08%
Income Tax+	97.08K	0	186.92K	415.38K	0
Effective Tax Rate %	0.87%	1%	0.38%	1.63%	0.99%
Net Income+	632.11K	-5K	113.54K	-1.08M	-2.59M
Net Margin %	0.2%	-0%	0.09%	-1.3%	-2.07%
Net Income Growth %	-	-1.01%	23.71%	-10.52%	-1.4%
Net Income (Continuing)	632.11K	-5K	113.54K	-1.65M	-2.61M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	-4.84K	8.67K	111.83K
EPS (Diluted)+	0.06	-0.00	0.01	-0.09	-0.16
EPS Growth %	-	-1.01%	-	-8.96%	-0.7%
EPS (Basic)	0.06	-0.00	0.01	-0.09	-0.16
Diluted Shares Outstanding	9.81M	9.81M	9.63M	11.51M	16.68M
Basic Shares Outstanding	9.81M	9.81M	9.63M	11.51M	16.68M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Nov 2023	Dec 2024
Total Current Assets+	3.65M	3.31M	1.19M	1.34M	5.47M
Cash & Short-Term Investments	1.59M	2.65M	1.65M	1.16M	4.34M
Cash Only	1.59M	2.65M	1.65M	1.16M	4.34M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	937.48K	2.52K	346.87K	69.81K	1.1M
Days Sales Outstanding	108.73	0.19	105.25	30.68	321.71
Inventory	119.96K	47.29K	34.13K	1.98K	1.57K
Days Inventory Outstanding	23.88	6.62	18.99	2.16	0.88
Other Current Assets	75.43K	285.57K	9.04K	117.5K	13.27K
Total Non-Current Assets+	1.04M	620.72K	1.65M	1.03M	933.73K
Property, Plant & Equipment	451.8K	385.8K	1.14M	727.74K	582.35K
Fixed Asset Turnover	6.97x	12.73x	1.06x	1.14x	2.15x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	0	207.4K	0	140
Other Non-Current Assets	586.35K	234.93K	305.04K	21.25M	351.24K
Total Assets+	4.69M	3.93M	3.7M	21.96M	6.41M
Asset Turnover	0.67x	1.25x	0.32x	0.04x	0.20x
Asset Growth %	-	-0.16%	-0.06%	4.93%	-0.71%
Total Current Liabilities+	4.09M	2.21M	2.31M	837.58K	3.31M
Accounts Payable	6.85K	19.07K	60.77K	167.35K	483.43K
Days Payables Outstanding	1.36	2.67	33.81	182.44	270.75
Short-Term Debt	341.69K	0	0	0	1.22M
Deferred Revenue (Current)	0	700.38K	21.2K	0	0
Other Current Liabilities	2.68M	1.76M	1.66M	2.12M	0
Current Ratio	0.89x	1.50x	0.52x	1.60x	1.65x
Quick Ratio	0.86x	1.48x	0.50x	1.59x	1.65x
Cash Conversion Cycle	131.25	4.14	90.43	-149.6	51.85
Total Non-Current Liabilities+	0	122.05K	559.33K	182.38K	220.25K
Long-Term Debt	0	0	0	0	0
Capital Lease Obligations	0	122.05K	559.33K	182.38K	220.25K
Deferred Tax Liabilities	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0
Total Liabilities	4.09M	2.33M	2.97M	3.86M	3.53M
Total Debt+	341.69K	351.22K	978.63K	612.07K	1.78M
Net Debt	-1.25M	-2.3M	-672.46K	-547.13K	-2.56M
Debt / Equity	0.57x	0.22x	1.44x	0.03x	0.62x
Debt / EBITDA	0.47x	1.33x	-	-	-
Net Debt / EBITDA	-1.71x	-8.71x	-	-	-
Interest Coverage	-	-	-	-	-28.37x
Total Equity+	596.44K	1.6M	678.11K	17.5M	2.88M
Equity Growth %	-	1.68%	-0.58%	24.81%	-0.84%
Book Value per Share	0.06	0.16	0.07	1.52	0.17
Total Shareholders' Equity	596.44K	1.6M	673.28K	18.1M	2.77M
Common Stock	10	10	10	10	559
Retained Earnings	570.28K	1.82M	930.17K	-781.09K	-6.16M
Treasury Stock	0	0	0	0	0
Accumulated OCI	26.15K	-219.65K	-195.2K	-197.04K	-416.86K
Minority Interest	0	0	-4.84K	8.67K	111.83K

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Nov 2023	Dec 2024
Cash from Operations+	1.25M	660.01K	-514.07K	-1.52M	-1.66M
Operating CF Margin %	0.4%	0.13%	-0.43%	-1.83%	-1.32%
Operating CF Growth %	-	-0.47%	-1.78%	-1.96%	-0.09%
Net Income	632.11K	-5K	113.54K	548.87K	-2.61M
Depreciation & Amortization	90.46K	269.12K	375.63K	58.01K	48.17K
Stock-Based Compensation	0	0	0	0	0
Deferred Taxes	0	325.19K	0	0	0
Other Non-Cash Items	2.49M	5K	-1.36M	-2.22M	1.34M
Working Capital Changes	-1.97M	-1.18M	357.5K	147.27K	-442.64K
Change in Receivables	-1.28M	73.97K	-58.79K	0	-294.14K
Change in Inventory	757	62.3K	10.57K	184	336
Change in Payables	0	6.42K	48.22K	255.73K	228.64K
Cash from Investing+	-2.38K	599.16K	-87.13M	68.43M	20.45M
Capital Expenditures	-9.21K	-39.09K	-166.85K	-14.57K	-30.39K
CapEx % of Revenue	0%	0.01%	0.14%	0.02%	0.02%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	6.83K	638.25K	-13K	68.45M	20.48M
Cash from Financing+	0	50K	88.76M	-67.46M	-15.76M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	25K	-88.25M	526.32K	1.85M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	1.24M	620.93K	-680.92K	-1.52M	-1.69M
FCF Margin %	0.39%	0.13%	-0.57%	-1.83%	-1.35%
FCF Growth %	-	-0.5%	-2.1%	-1.23%	-0.11%
FCF per Share	0.13	0.06	-0.07	-0.13	-0.10
FCF Conversion (FCF/Net Income)	1.97x	-132.00x	-4.53x	1.41x	0.64x
Interest Paid	0	0	0	0	0
Taxes Paid	0	576.33K	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	105.98%	-0.46%	9.97%	-11.89%	-25.42%
Return on Invested Capital (ROIC)	-	-	-9141.7%	-21.34%	-17.76%
Gross Margin	41.73%	46.9%	45.46%	59.68%	48.01%
Net Margin	20.09%	-0.1%	9.44%	-130.1%	-206.67%
Debt / Equity	0.57x	0.22x	1.44x	0.03x	0.62x
Interest Coverage	-	-	-	-	-28.37x
FCF Conversion	1.97x	-132.00x	-4.53x	1.41x	0.64x
Revenue Growth	-	56.1%	-75.51%	-30.96%	50.94%

Frequently Asked Questions

Growth & Financials

HWH International Inc. (HWH) reported $1.1M in revenue for fiscal year 2024. This represents a 65% decrease from $3.1M in 2020.

HWH International Inc. (HWH) grew revenue by 50.9% over the past year. This is strong growth.

HWH International Inc. (HWH) reported a net loss of $1.1M for fiscal year 2024.

Dividend & Returns

HWH International Inc. (HWH) has a return on equity (ROE) of -25.4%. Negative ROE indicates the company is unprofitable.

HWH International Inc. (HWH) had negative free cash flow of $1.0M in fiscal year 2024, likely due to heavy capital investments.

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