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TH International Limited (THCH)
USD1.72
-0.07 (-3.91%)
CN NASDAQ Consumer Cyclical Restaurants
Address
2501 Central Plaza 200003
Shanghai, CN
Shanghai, CN
CEO
Yongchen Lu
Website
timschina.com
IPO
2021-03-11
CIK 1877333 ISIN KYG8656L1308
Also trades on
NASDAQ Capital Market · THCH (USD)
NASDAQ Capital Market · THCHW (USD)
Description
TH International Limited manages Tim Hortons coffee establishments across mainland China, Hong Kong, and Macau. By September 28, 2022, the company had expanded its network to include roughly 460 coffee shops throughout the People's Republic of China. This enterprise was founded in 2018, with its corporate headquarters located in Shanghai, People's Republic of China, operating as a division of Tim Hortons Inc.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD1.72
-0.07 (-3.91%)
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Volume Profile
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Liquidity & share structure
Average Volume
6.1K
Beta
0.50
Float Shares
9.60M
Free Float %
30.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +8.11% | +5.26% | -6.10% | -6.54% | -24.53% | -19.68% | -28.32% | -84.91% | -95.87% | -95.88% | -95.88% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
1.72
Ratings Trend (MoM)
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-3.95
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
-
Revenue growth Restaurants: +7.4%-8.0% Q1'26: -15.1% (vs Q1'25)
-
EPS growth Restaurants: +14.8%-2.4% Q1'26: -89.3% (vs Q1'25)
-
FCF margin FCF growth · Restaurants: +21.6%-23.6% Q1'26: -2.4% (vs Q1'25)
-
EBIT margin Restaurants: +6.1%-31.8% Q1'26: -41.0% (vs Q1'25)
-
ROIC Restaurants: +6.2%-68.1% Q1'26: -82.6% (vs Q1'25)
-
Share dilution Restaurants: +0.0%+0.2% Q1'26: -0.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Restaurants: 0.72×-6.52× Q1'26: -5.82× (vs Q1'25)
Valuation Multiples
From
To
Consensus Estimates
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|
| Revenue |
1.56B
est: 1.64B (-4.7%)
|
1.39B
est: 1.44B (-3.7%)
|
1.28B
est: 1.37B (-6.2%)
|
1.47B
1.47B – 1.47B
+7.6% YoY
|
| EBITDA |
-656.06M
est: -532.61M (-23.2%)
|
-266.19M
est: -553.13M (+51.9%)
|
-302.25M
est: -522.94M (+42.2%)
|
-562.45M
-562.45M – -562.45M
-7.6% YoY
|
| EBIT |
-819.21M
est: -714.77M (-14.6%)
|
-435.87M
est: -713.73M (+38.9%)
|
-407.24M
est: -674.77M (+39.6%)
|
-725.76M
-725.76M – -725.76M
-7.6% YoY
|
| Net Income |
-876.25M
est: -721.96M (-21.4%)
|
-412.08M
est: -334.83M (-23.1%)
|
-422.65M
est: -249.66M (-69.3%)
|
-153.34M
-153.34M – -153.34M
+38.6% YoY
|
| SGA |
421.94M
est: 474.00M (-11.0%)
|
275.17M
est: 414.85M (-33.7%)
|
321.53M
est: 392.20M (-18.0%)
|
421.84M
421.84M – 421.84M
+7.6% YoY
|
| EPS |
-28.40
est: -22.20 (-27.9%)
|
-12.70
est: -10.30 (-23.3%)
|
-13.01
est: -7.68 (-69.5%)
|
-4.72
-4.72 – -4.72
+38.6% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-28 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-27 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-26 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-22 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-21 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-20 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-19 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-18 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-15 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-14 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-05-01 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 1/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-82.07M
OE per share TTM
-2.52
Owner's Yield
-126.19%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
92.0%
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
13
Total invested
8.08M
Insider transactions (90d)
0
Beneficial owners (>5%)
18
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Cartesian Capital Group, LLC | 79.47M | 53.40% | — | 79.47M | — | 10.00 | OO | Delaware | 2022-10-21 | ↗ |
| 2 | Pangaea Two Admin GP, LLC | 79.47M | 53.40% | — | 79.47M | — | 10.00 | OO | Delaware | 2022-10-21 | ↗ |
| 3 | Pangaea Two GP, LP | 79.47M | 53.40% | — | 79.47M | — | 10.00 | PN | Delaware | 2022-10-21 | ↗ |
| 4 | Pangaea Two, LP | 79.47M | 53.40% | — | 79.47M | — | 10.00 | PN | Delaware | 2022-10-21 | ↗ |
| 5 | Peter Yu | 79.47M | 53.40% | — | 79.47M | — | 10.00 | IN | United States | 2022-10-21 | ↗ |
| 6 | Pangaea Two Acquisition Holdings XXIIA Limited | 71.68M | 48.30% | — | 71.68M | — | 10.00 | OO | United Kingdom | 2022-10-21 | ↗ |
| 7 | Tencent Holdings Limited | 20.18M | 13.50% | 20.18M | — | 20.18M | — | CO | — | 2023-02-10 | ↗ |
| 8 | Tencent Mobility Limited | 20.18M | 13.50% | 20.18M | — | 20.18M | — | CO | — | 2023-02-10 | ↗ |
| 9 | NEIL NANPENG SHEN (“NS”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | IN | — | 2023-02-14 | ↗ |
| 10 | SC CHINA GROWTH VI MANAGEMENT, L.P. (“SC CHINA GROWTH VI MANAGEMENT”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | PN | — | 2023-02-14 | ↗ |
| 11 | SC CHINA HOLDING LIMITED (“SC CHINA HOLDING”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | OO | — | 2023-02-14 | ↗ |
| 12 | SCC GROWTH VI HOLDCO D, LTD. (“SCC GROWTH VI HOLDCO D”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | OO | — | 2023-02-14 | ↗ |
| 13 | SEQUOIA CAPITAL CHINA GROWTH FUND VI, L.P. (“SEQUOIA CAPITAL CHINA GROWTH FUND VI”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | PN | — | 2023-02-14 | ↗ |
| 14 | SEQUOIA CAPITAL CHINA GROWTH PARTNERS FUND VI, L.P. (“SEQUOIA CAPITAL CHINA GROWTH PARTNERS FUND VI” | 14.50M | 9.70% | — | 14.50M | — | — | PN | — | 2023-02-14 | ↗ |
| 15 | SEQUOIA CAPITAL CHINA GROWTH VI PRINCIPALS FUND, L.P. (“SEQUOIA CAPITAL CHINA GROWTH VI PRINCIPALS F | 14.50M | 9.70% | — | 14.50M | — | 14.50M | PN | — | 2023-02-14 | ↗ |
| 16 | SNP CHINA ENTERPRISES LIMITED (“SNP CHINA ENTERPRISES”) | 14.50M | 9.70% | — | 14.50M | — | 14.50M | OO | — | 2023-02-14 | ↗ |
| 17 | Silver Crest Management LLC | 8.76M | 5.70% | 8.76M | — | 8.76M | — | OO | Cayman Islands | 2022-11-14 | ↗ |
| 18 | THC Hope IB Limited | 8.24M | 5.50% | 8.24M | — | 8.24M | — | OO | British Virgin Islands | 2023-02-14 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2026 Q1
Investors holding
13
+0 vs prev Q
New positions
1
Closed positions
1
Increased
3
Reduced
1
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | SC CHINA HOLDING LTD | 2.90M +— (+0.0%) | 7.54M +1.1M (+17.1%) | 8.92% +0.000 pp | 0.47% +0.125 pp | USD2.97 -30.6% | 4 qtrs — |
| 2 | SONA ASSET MANAGEMENT (US) LLC | 100.0K +— (+0.0%) | 206.0K -43.0K (-17.3%) | 0.31% +0.000 pp | 0.00% -0.001 pp | USD2.93 -29.7% | 5 qtrs — |
| 3 | CITADEL ADVISORS LLC | 55.7K +13.3K (+31.5%) | 111.3K +6.0K (+5.7%) | 0.17% +0.041 pp | 0.00% +0.000 pp | USD2.55 -19.2% | 5 qtrs — |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 24.9K -1.5K (-5.6%) | 49.7K -15.9K (-24.2%) | 0.08% -0.005 pp | 0.00% +0.000 pp | USD2.73 -24.5% | 4 qtrs — |
| 5 | LMR PARTNERS LLP | 21.7K +— (+0.0%) | 44.8K -9.3K (-17.3%) | 0.07% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 6 | NEUBERGER BERMAN GROUP LLC | 19.9K +19.9K (+100.0%) | 41.1K +41.1K (+100.0%) | 0.06% +0.061 pp | 0.00% +0.000 pp | USD2.06 +0.0% | 1 qtrs NEW |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 18.7K +— (+0.0%) | 37.4K -9.2K (-19.7%) | 0.06% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 8 | SHAOLIN CAPITAL MANAGEMENT LLC | 12.6K +— (+0.0%) | 26.0K -5.4K (-17.3%) | 0.04% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 9 | ROYAL BANK OF CANADA | 6.0K +— (+0.0%) | 12.0K -3.0K (-20.0%) | 0.02% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 10 | GROUPE LA FRANCAISE | 1.4K +— (+0.0%) | 2.9K -699.0 (-19.7%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 11 | CREDIT INDUSTRIEL ET COMMERCIAL | 856.00 +— (+0.0%) | 1.7K -419.0 (-19.7%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
| 12 | UBS GROUP AG | 208.00 +3.0 (+1.5%) | 428.00 -82.0 (-16.1%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.79 -26.2% | 5 qtrs — |
| 13 | JPMORGAN CHASE & CO | 96.00 +— (+0.0%) | 198.00 -41.0 (-17.2%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD2.93 -29.7% | 5 qtrs — |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
0
Sells
0
Shares acquired
—
Shares disposed
—
Cash buys
—
Cash sales
—
Net activity
+0
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-01 | Temer Santelmo Thiago | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-04-01 | Cheung Ho | Director | — | — | ordinary shares | 0 | 0.00 | — | 139,887 | D | ↗ |
| 2026-04-01 | Armstrong Gregory R. | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-31 | Lu Yongchen | Director / Officer | — | — | ordinary shares | 0 | 0.00 | — | 315,661 | I | ↗ |
| 2026-03-31 | Hong Paul Seungpyo | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-30 | Li Dong | Officer | — | — | Ordinary Shares | 0 | 0.00 | — | 1,000 | D | ↗ |
| 2026-03-18 | Yu Peter Michael | Director / 10% Owner | — | — | ordinary shares | 0 | 0.00 | — | 16,153,040 | I | ↗ |
| 2026-03-18 | Wu Haibing | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-18 | ODORIZZI DE OLIVEIRA RAFAEL | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-06-28 | Yu Peter Michael | Director / 10% Owner | — | — | Series A-1 Convertible Notes | 0 | 2.78 | — | 0 | I | ↗ |
| 2024-06-05 | Li Dong | Officer | — | — | Ordinary Shares | 40,000 | 0.05 | 2.0K | 0 | D | ↗ |
| 2023-09-06 | Li Dong | Officer | — | — | Ordinary Shares | 115,880 | 2.78 | 322.4K | 0 | D | ↗ |
| 2023-06-05 | Lu Yongchen | Director / Officer | — | — | ordinary shares | 255,148 | 0.05 | 12.8K | 0 | D | ↗ |
| 2022-02-01 | Li Dong | Officer | — | — | Ordinary Shares | 420 | 0.00 | — | 0 | D | ↗ |
| 2021-04-01 | Lu Yongchen | Director / Officer | — | — | ordinary shares | 144,850 | 2.78 | 403.0K | 0 | D | ↗ |
| 2018-05-01 | Lu Yongchen | Director / Officer | — | — | ordinary shares | 289,700 | 0.00 | — | 0 | D | ↗ |
Executive team
Top executives
EBIT / Employee
-172.1K
Shares Outstanding
32.04M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Dong Li | Chief Financial Officer | — | male |
| Yongchen Lu | Chief Executive Officer & Director | — | male |
ESG Rating
ESG Score History RESTAURANTS
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for THCH
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
