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← CockpitCompetitor Analysis › 9658.HK Super Hi International Holding Ltd.Open in the cockpit ↗

Super Hi International Holding Ltd.9658.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Consumer Discretionary›Restaurants
Momentum weak 32
Mkt cap
$619M
US dollars, full cap
Free float
30%
of shares outstanding
$/day
$396,167
20-day average traded
Fwd P/E
18.1×
forward earnings
ROIC−WACC
+3.9 pp
WACC 8.2%
Hurdle
-32 pp
Req g minus delivered
Next earnings
25 days
1 Dec 2026
Close · HKDHK$8.25
1D-1.8%
1W+3.9%
1M-9.4%
3M-21.3%
6M-23.0%
YTD-35.1%
1Y-38.8%
ATR %3.8%
52w lowhigh43.6% off high

What Super Hi International does

Employees: 14,003

Super Hi International at a glance

Size Super Hi International (9658.HK) is a Hong Kong Consumer Discretionary company (Restaurants) with a market value of $619M, the 706th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.25 on 6 Nov 2026.

Performance Over six months the shares fell 23.0%, against +3.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.

Growth Revenue grew 10.8% over the last twelve months (peer median +7.7%); the operating margin is 6.0% (peer median 5.6%).

Valuation It trades at 18.1× forward earnings against a peer median of 20.5× (8th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -32 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.9 points above its cost of capital (8.2% WACC).

Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 1049658.HK 78
Six months, rebased to 100: Super Hi International against the median of its 20 peers (local-currency closes).

Super Hi International financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$6.94BHK$6.55BHK$6.07BHK$5.37BHK$4.37B
Revenue growth—+8%+13%+23%—
Gross profitHK$1.62BHK$1.49BHK$1.42BHK$1.17BHK$787M
EBITDAHK$1.08BHK$1.08BHK$1.16BHK$963MHK$684M
Net incomeHK$80.1MHK$284MHK$170MHK$201M-HK$323M
Free cash flown/aHK$521MHK$695MHK$647MHK$26.6M
Capital expendituren/aHK$415MHK$271MHK$258MHK$474M
Total debtHK$1.84BHK$1.78BHK$1.65BHK$1.58BHK$1.89B

Quarterly statements and history in the cockpit →

Super Hi International competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%+40%AWMTYPZZAFSTARBA309127271405CNNEELIOR3399BRCBSAPPHIRE215700072198877611PTLOCKF9658.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Super Hi International is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%0×200×400×AWMTYPZZAFSTA309127271405ELIOR3399BRCBSAPPHIRE21577611PTLO9658.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Super Hi International is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%AWMTYPZZAFSTA309127271405ELIOR3399SAPPHIRE21570007217611CKF9658.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Super Hi International is the large dot.

Super Hi International competitors and peer comparison

How Super Hi International compares with its peers

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.

Super Hi International against its 20 peers (data as of 6 Nov 2026)
Measure9658.HKPeer medianRank in peer set
1-month return-9.4%+7.9%lowest of 21
6-month return-23.0%+3.4%4th lowest of 21
Distance from 52-week high-43.6%-20.0%4th lowest of 21
Revenue growth (TTM)+10.8%+7.7%9th highest of 21
Operating margin6.0%5.6%11th highest of 21
Forward P/E18.1×20.5×8th cheapest of 17
Growth the price implies (Req g, 7 yrs)-1.7%3.5%5th least demanding of 16
Growth delivered (Del g)+30.7%+11.8%4th highest of 16
Hurdle (Req g minus delivered)-32.4 pp-10.3 pp2nd least demanding of 16
ROIC minus cost of capital+3.9 pp-0.9 pp7th highest of 21
EV / EBITDA4.3×9.2×2nd cheapest of 19
Net debt / EBITDA-0.3×2.7×4th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Super Hi International 9658.HKHong Kong$619M-23%+11%6%18.1×-1.7%+30.7%
A&W Food Services of Canada AW.TOCanada$625M0%+3%30%14.0×2.6%-0.6%
MTY Food MTY.TOCanada$600M-6%-4%16%8.2×-3.8%+18.4%
Papa John's International PZZAUnited States$650M-37%-6%5%19.7×4.8%+2.5%
Fuller, Smith & Turner P.L.C FSTA.LUnited Kingdom$576M+29%+6%12%15.9×8.0%+40.3%
Restaurant Brands Asia RBA.NSIndia$668M+31%+16%0%n/an/an/a
Bronco Billy 3091.TJapan$551M+41%+14%12%32.1×1.5%+11.8%
Wowprime 2727.TWTaiwan$550M-1%+10%8%12.2×-11.9%+9.0%
DPC Dash 1405.HKHong Kong$548M-34%+26%4%21.2×6.6%+36.3%
Cannae CNNEUnited States$700M+25%-7%-17%n/an/an/a
Elior ELIOR.PAFrance$544M-35%0%2%12.4×6.3%+9.2%
Maruchiyo Yamaokaya 3399.TJapan$710M+82%+19%11%28.4×3.5%+24.7%
Black Rock Coffee Bar BRCBUnited States$538M-6%+24%3%50.1×n/an/a
Sapphire Foods India SAPPHIRE.NSIndia$715M+12%+13%4%409.8×46.7%+25.1%
Koshidaka 2157.TJapan$530M-6%+16%13%10.8×-9.8%+31.1%
AmRest EAT.WAPoland$529M-5%-3%4%22.9×5.1%+9.9%
Xi'an Catering 000721.SZChina$523M-20%-14%-23%n/a50.5%+6.5%
Matsuya Foods 9887.TJapan$733M+7%+18%4%n/an/an/a
Hiday Hidaka 7611.TJapan$760M+11%+10%11%23.5×-3.3%+16.1%
Portillo's PTLOUnited States$504M+54%+3%6%31.0×n/an/a
Collins Foods CKF.AXAustralia$762M+15%+5%8%16.3×1.4%+8.4%

Questions

Which companies are Super Hi International's closest peers?
The cockpit's peer set: A&W Food Services of Canada (AW.TO), MTY Food (MTY.TO), Papa John's International (PZZA), Fuller, Smith & Turner P.L.C (FSTA.L), Restaurant Brands Asia (RBA.NS), Bronco Billy (3091.T), Wowprime (2727.TW), DPC Dash (1405.HK).
Is Super Hi International expensive compared with its peers?
On forward p/e it trades at 18.1× against a peer median of 20.5×, 8th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -32 pp: the price already allows for a slowdown.
How has Super Hi International stock performed?
Over six months to 6 Nov 2026 the shares returned -23.0% against +3.4% for the median peer; over one year -38.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.