Employees: 2,734
Size Xi'an Catering (000721.SZ) is a China Consumer Discretionary company (Restaurants) with a market value of $523M, the 3752nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.08 on 6 Nov 2026.
Performance Over six months the shares fell 19.9%, against +7.8% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 14.0% over the last twelve months (peer median +7.1%); the operating margin is -22.9% (peer median 6.1%).
Valuation It trades at 8.2× enterprise value to sales against a peer median of 1.6× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 50% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +44 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 11.7 points below its cost of capital (8.3% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥502M | CN¥562M | CN¥659M | CN¥779M | CN¥484M |
| Revenue growth | — | -15% | -15% | +61% | — |
| Gross profit | CN¥70.3M | -CN¥13.2M | -CN¥5.93M | CN¥80.5M | -CN¥31.2M |
| EBITDA | n/a | CN¥16.4M | CN¥12.7M | CN¥49.4M | -CN¥74.3M |
| Net income | -CN¥117M | -CN¥146M | -CN¥128M | -CN¥118M | -CN¥221M |
| Free cash flow | CN¥23.3M | CN¥19.6M | CN¥74.4M | -CN¥58.0M | -CN¥138M |
| Capital expenditure | -CN¥1.71M | CN¥11.9M | CN¥26.2M | CN¥135M | CN¥100M |
| Total debt | CN¥691M | CN¥681M | CN¥736M | CN¥702M | CN¥652M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000721.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | +10.3% | 6th lowest of 21 |
| 6-month return | -19.9% | +7.8% | 4th lowest of 21 |
| Distance from 52-week high | -42.3% | -11.9% | 4th lowest of 21 |
| Revenue growth (TTM) | -14.0% | +7.1% | lowest of 21 |
| Operating margin | -22.9% | 6.1% | lowest of 21 |
| EV / Sales | 8.2× | 1.6× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 50.5% | 3.3% | most demanding of 17 |
| Growth delivered (Del g) | +6.5% | +11.8% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | +44.0 pp | -13.7 pp | most demanding of 17 |
| ROIC minus cost of capital | -11.7 pp | +1.1 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xi'an Catering 000721.SZ | China | $523M | -20% | -14% | -23% | 8.2× | 50.5% | +6.5% |
| AmRest EAT.WA | Poland | $529M | -5% | -3% | 4% | 0.8× | 5.1% | +9.9% |
| Koshidaka 2157.T | Japan | $530M | -6% | +16% | 13% | 1.1× | -9.8% | +31.1% |
| Black Rock Coffee Bar BRCB | United States | $538M | -6% | +24% | 3% | 3.4× | n/a | n/a |
| Portillo's PTLO | United States | $504M | +54% | +3% | 6% | 1.6× | n/a | n/a |
| Elior ELIOR.PA | France | $544M | -35% | 0% | 2% | 0.3× | 6.3% | +9.2% |
| DPC Dash 1405.HK | Hong Kong | $548M | -34% | +26% | 4% | 0.9× | 6.6% | +36.3% |
| Wowprime 2727.TW | Taiwan | $550M | -1% | +10% | 8% | 0.7× | -11.9% | +9.0% |
| Marston's MARS.L | United Kingdom | $497M | +23% | -1% | 22% | 1.8× | -2.5% | +11.7% |
| Bronco Billy 3091.T | Japan | $551M | +41% | +14% | 12% | 2.3× | 1.5% | +11.8% |
| Sagami 9900.T | Japan | $494M | +13% | +10% | 7% | 1.9× | 7.7% | +14.1% |
| Kappa.create 7421.T | Japan | $489M | +3% | -1% | -1% | 1.1× | 29.8% | +2.4% |
| Hyundai Green Food 453340.KS | South Korea | $482M | +22% | +7% | 5% | 0.3× | -18.0% | +6.6% |
| Feastogether 7883.TWO | Taiwan | $479M | -9% | +10% | 9% | 1.6× | -0.2% | +27.9% |
| OOTOYA 2705.T | Japan | $477M | +53% | +18% | 6% | 1.9× | 10.0% | +18.1% |
| Fuller, Smith & Turner P.L.C FSTA.L | United Kingdom | $576M | +29% | +6% | 12% | 1.6× | 8.0% | +40.3% |
| Srs 8163.T | Japan | $474M | +53% | +10% | 4% | 1.0× | 9.6% | +11.8% |
| Tongqinglou Catering 605108.SS | China | $473M | -24% | +4% | 6% | 2.2× | n/a | n/a |
| Cafe de Coral 0341.HK | Hong Kong | $464M | +61% | -4% | 4% | 0.5× | -9.1% | +4.0% |
| MTY Food MTY.TO | Canada | $600M | -6% | -4% | 16% | 1.6× | -3.8% | +18.4% |
| Dine Brands Global DIN | United States | $454M | +26% | +8% | 14% | 2.1× | n/a | n/a |