Latest Ratios: P/E Ratio 20.7x · EV/EBITDA 5.5x · ROE 9.7%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $730M | $975M | $16.6B | — | — | — | — | — |
| Enterprise Value | $684M | $929M | $16.5B | — | — | — | — | — |
| P/E Ratio → | 20.67 | 26.77 | 760.85 | — | — | — | — | — |
| P/S Ratio | 0.87 | 1.16 | 21.28 | — | — | — | — | — |
| P/B Ratio | 1.92 | 2.49 | 45.86 | — | — | — | — | — |
| P/FCF | 11.89 | 15.89 | 195.24 | — | — | — | — | — |
| P/OCF | 6.36 | 8.51 | 138.57 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.10 | 21.22 | — | — | — | — | — |
| EV / EBITDA | 5.50 | 7.47 | 68.85 | — | — | — | — | — |
| EV / EBIT | 16.41 | 15.23 | 295.63 | — | — | — | — | — |
| EV / FCF | — | 15.14 | 194.75 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6% | 22.6% | 30.1% | 29.7% | 27.8% | 13.9% | 15.7% | 15.2% |
| Operating Margin | 5.0% | 5.0% | 25.2% | 24.6% | 23.2% | 9.1% | 10.5% | 10.1% |
| Net Profit Margin | 4.3% | 4.3% | 2.8% | 3.7% | -7.4% | -48.3% | -24.3% | -14.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 9.7% | 6.9% | 10.0% | -150.4% | — | — | — |
| ROA | 5.1% | 5.1% | 3.5% | 4.4% | -6.9% | -24.5% | -10.8% | -8.3% |
| ROIC | 9.4% | 9.4% | 45.9% | 35.6% | 23.3% | 4.5% | 4.4% | 5.7% |
| ROCE | 7.2% | 7.2% | 39.1% | 37.3% | 53.2% | 31.6% | 18.8% | 23.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.59 | 0.75 | 1.00 | — | — | — |
| Debt / EBITDA | 1.84 | 1.84 | 0.88 | 0.96 | 1.45 | 11.47 | 12.81 | 9.46 |
| Net Debt / Equity | — | -0.12 | -0.12 | 0.18 | 0.61 | — | — | — |
| Net Debt / EBITDA | -0.37 | -0.37 | -0.18 | 0.24 | 0.89 | 10.01 | 11.72 | 8.50 |
| Debt / FCF | — | -0.75 | -0.50 | 0.62 | 43.63 | — | — | — |
| Interest Coverage | 5.32 | 5.32 | 2.72 | 1.92 | 0.39 | -3.14 | -2.97 | -2.32 |
Net cash position: cash ($275M) exceeds total debt ($229M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.41 | 2.41 | 2.51 | 1.70 | 1.31 | 0.35 | 0.28 | 0.43 |
| Quick Ratio | 2.15 | 2.15 | 2.27 | 1.47 | 1.09 | 0.29 | 0.26 | 0.41 |
| Cash Ratio | 1.87 | 1.87 | 1.98 | 1.19 | 0.80 | 0.22 | 0.12 | 0.12 |
| Asset Turnover | — | 1.13 | 1.14 | 1.19 | 0.97 | 0.50 | 0.37 | 0.59 |
| Inventory Turnover | 17.36 | 17.36 | 17.28 | 16.25 | 15.57 | 8.05 | 15.42 | 26.36 |
| Days Sales Outstanding | — | 15.46 | 14.40 | 15.57 | 7.75 | 48.17 | 75.58 | 122.63 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 3.7% | 0.1% | — | — | — | — | — |
| FCF Yield | 8.4% | 6.3% | 0.5% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $61M | $577M | $557M | $557M | $557M | $557M | $557M |
Labor-intensive margin volatility
Based on current market data, the company trades at a 20.67x TTM P/E, which appears to discount the deceleration in top-line growth while failing to fully account for the structural margin pressures inherent in its high-touch, labor-intensive international restaurant model compared to broader industry peers.
The forward P/E of 17.86 suggests that investors are pricing in a stabilization of earnings, yet the lack of a clear PEG ratio indicates difficulty in forecasting long-term growth trajectories. This valuation multiple warrants caution, as it may be overly optimistic regarding the company's ability to scale its unique service-oriented model without further eroding net margins.
As reported in financial statements, the company's ROIC has fluctuated between 7.7% and 12.3% over the last ten quarters, suggesting that while the business generates returns above its likely cost of capital, the volatility in these figures reflects the challenges of maintaining efficiency during rapid international expansion.
The inconsistency in ROIC trends indicates that the company's capital allocation is highly sensitive to the timing of new store openings and the subsequent ramp-up period. Investors should monitor whether management can sustain returns above the 10% threshold as the footprint matures and the initial excitement of new market entry fades.
According to recent quarterly filings, the cash conversion cycle has remained relatively tight, averaging between 8 and 16 days, which suggests that the company maintains effective control over its inventory and payables despite the operational complexities of managing a global, high-touch restaurant service ecosystem.
The stability in DSO and DIO metrics implies that the company is not facing significant friction in collecting from its dine-in customer base or managing its perishable inventory. However, the lack of aggressive payables management suggests that the company may be prioritizing supplier relationships to ensure the quality of its premium ingredients.
Based on the reported figures, the company's current ratio has strengthened to 2.53 as of 2025Q2, providing a substantial liquidity cushion that appears more than adequate to navigate potential short-term volatility in global restaurant demand or unexpected spikes in labor and raw material costs.
This liquidity position is a key strength, particularly given the discretionary nature of the hot pot dining experience. The ability to maintain such a high current ratio while continuing to fund capital-intensive expansion suggests a conservative approach to balance sheet management that protects the company against liquidity-driven distress.
The P/E ratio is frequently misapplied to this business model because it fails to account for the significant non-cash depreciation charges and lease-related accounting adjustments that mask the company's true underlying cash-generating capacity in its international markets, as evidenced by recent quarterly financial disclosures.
Investors should instead focus on EV/EBITDA or P/FCF to better understand the operational reality, as these metrics strip away the noise created by IFRS 16 lease accounting. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation relative to its actual ability to convert revenue into sustainable shareholder value.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying HDL stock.
SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares's current P/E ratio is 20.7x. The historical average is 26.8x.
SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares's current EV/EBITDA is 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.2x.
SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares's return on equity (ROE) is 9.7%. The historical average is -31.0%.
Based on historical data, SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares is trading at a P/E of 20.7x. Compare with industry peers and growth rates for a complete picture.
SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares has 22.6% gross margin and 5.0% operating margin.
SUPER HI INTERNATIONAL HOLDING Ltd. American Depositary Shares's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.