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TH International Limited (THCH)

Consumer Cyclical | Restaurants | Shanghai, China | NasdaqCM
1.79 USD -0.01 (-0.556%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:★☆☆☆☆Long-term:⯪☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | July 11, 2026, 5:22 a.m. EDT

The investment case for TH International Limited is broken by a catastrophic multi-year decline and deteriorating fundamentals. The stock has lost 93.77% of its value over the last four years, with three consecutive years of negative annual returns ending in a sharp drop. This is not a temporary setback; the market has consistently reassessed the business quality downward, evidenced by the relentless price trajectory. Fundamentally, the company is in distress with negative earnings, negative free cash flow, and a current ratio of just 0.28, indicating severe liquidity constraints. Revenue is shrinking at a 14.6% annual rate, and the forward P/E is negative due to expected losses. There is no dividend to provide income, and the balance sheet shows significant debt relative to cash. While the low price might seem attractive, it reflects a reality of a failing business model rather than a margin of safety. The options market offers no counter-signal, with traders ignoring the stock entirely except for distant, speculative calls. Avoid this security.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.077374
AutoETS0.078386
AutoTheta0.085777
AutoARIMA0.110535

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 39%
H-stat 6.38
Ljung-Box p 0.000
Jarque-Bera p 0.191
Excess Kurtosis -0.06
Attribute Value
Sector Consumer Cyclical
Revenue per Share 39.127
Market Cap 57,345,384
Forward P/E -0.38
Beta 0.50
Profit Margins -38.23%
Previous Name Tim Hortons China
Website https://www.timschina.com

As of July 11, 2026, 5:22 a.m. EDT: Options activity is negligible and lacks directional conviction. Call open interest is concentrated far out-of-the-money at strikes of 5.0 and 7.5, suggesting speculative hopes for a massive recovery rather than a near-term bounce. Put activity is similarly sparse, with minimal positioning at the 2.5 strike. Implied volatility is extremely low across all expirations, indicating a lack of active hedging or speculation.


Info Dump

Attribute Value
52 Week Change -0.38062286
Address1 2,501 Central Plaza
Address2 227 Huangpi North Road
All Time High 53.9
All Time Low 1.24
Ask 2.41
Ask Size 2
Average Daily Volume10 Day 5,380
Average Daily Volume3 Month 6,557
Average Volume 6,557
Average Volume10Days 5,380
Beta 0.502
Bid 1.3
Bid Size 2
Book Value -6.048263
City Shanghai
Country China
Crypto Tradeable 0
Currency USD
Current Price 1.79
Current Ratio 0.283
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 1.79
Day Low 1.79
Display Name TH
Earnings Call Timestamp End 1,781,006,400
Earnings Call Timestamp Start 1,781,006,400
Earnings Timestamp 1,781,008,200
Earnings Timestamp End 1,787,661,000
Earnings Timestamp Start 1,787,661,000
Ebitda -104,563,232
Ebitda Margins -0.08219
Enterprise To Ebitda -18.237
Enterprise To Revenue 1.499
Enterprise Value 1,906,924,672
Eps Current Year -4.72
Eps Forward -4.72
Eps Trailing Twelve Months -2.2
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.8577
Fifty Day Average Change -0.06770003
Fifty Day Average Change Percent -0.036442928
Fifty Two Week Change Percent -38.062286
Fifty Two Week High 3.25
Fifty Two Week High Change -1.46
Fifty Two Week High Change Percent -0.4492308
Fifty Two Week Low 1.24
Fifty Two Week Low Change 0.54999995
Fifty Two Week Low Change Percent 0.44354835
Fifty Two Week Range 1.24 - 3.25
Financial Currency CNY
First Trade Date Milliseconds 1,615,473,000,000
Float Shares 8,691,779
Forward Eps -4.72
Forward P E -0.3792373
Free Cashflow -102,913,960
Full Exchange Name NasdaqCM
Full Time Employees 1,544
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.3934
Gross Profits 500,484,288
Has Pre Post Market Data 1
Held Percent Insiders 0.1196
Held Percent Institutions 0.58735
Implied Shares Outstanding 32,036,529
Industry Restaurants
Industry Disp Restaurants
Industry Key restaurants
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,736,726,400
Last Split Factor 1:5
Long Business Summary TH International Limited, together with its subsidiaries, develops, operates, and franchises coffee shops under the Tim Hortons brand in Mainland China, Hong Kong, and Macau. The company's stores offer coffee, alternative beverages, sandwiches, and baked goods. TH International Limited was founded in 2018 and is headquartered in Shanghai, the People's Republic of China.
Long Name TH International Limited
Market us_market
Market Cap 57,345,384
Market State PRE
Max Age 86,400
Message Board Id finmb_667855637
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-14
Net Income To Common -486,363,488
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 57,665,752
Open 1.79
Operating Cashflow -36,031,840
Operating Margins -0.25620002
Payout Ratio 0.0
Phone 86 21 6136 6616
Prev Name Tim Hortons China
Previous Close 1.8
Price Eps Current Year -0.3792373
Price Hint 4
Price To Book -0.29595274
Price To Sales Trailing12 Months 0.045075923
Profit Margins -0.3823
Quick Ratio 0.12
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.00999999
Regular Market Change Percent -0.555555
Regular Market Day High 1.79
Regular Market Day Low 1.79
Regular Market Day Range 1.79 - 1.79
Regular Market Open 1.79
Regular Market Previous Close 1.8
Regular Market Price 1.79
Regular Market Time 1,783,972,800
Regular Market Volume 174
Return On Assets -0.12042
Revenue Growth -0.146
Revenue Per Share 39.127
Sand P52 Week Change 0.20365608
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Shares Outstanding 32,036,529
Shares Percent Shares Out 0.0017
Shares Short 54,527
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 51,341
Short Name TH International Limited
Short Percent Of Float 0.0047999998
Short Ratio 5.72
Source Interval 15
Symbol THCH
Total Cash 104,792,000
Total Cash Per Share 3.222
Total Debt 1,946,334,976
Total Revenue 1,272,195,456
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -2.2
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.17449
Two Hundred Day Average Change -0.38449
Two Hundred Day Average Change Percent -0.17681848
Type Disp Equity
Volume 174
Website https://www.timschina.com
Zip 200,003