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Operates a fast-growing premium freshly-made tea shop chain across China and Southeast Asia.
Operates a fast-growing premium freshly-made tea shop chain across China and Southeast Asia.
Most stores are run by franchisees, so Chagee earns by selling them tea, milk and packaging and by taking fees, while a smaller group of stores are company-run. Orders and delivery run largely through its own app, and pricing aims higher than mass-market tea rivals.
In one line: China's Starbucks of tea.
Moat: narrow (brand, scale). Fast-growing premium brand recognition and store network scale in China's competitive tea-shop market.
Headquarters: Kunming, China · Founded: 2017 · Employees: 7,819
Size Chagee Holdings Limited Unsponsored ADR (CHA) is a United States Consumer Staples company (Food: Major Diversified) with a market value of $2.44B, the 1673rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.43 on 6 Nov 2026.
Performance Over six months the shares gained 18.6%, against -4.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 0.2% over the last twelve months (peer median +6.0%); the operating margin is 11.4% (peer median 9.3%).
Valuation It trades at 7.9× forward earnings against a peer median of 16.8× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +191%, so the hurdle is -195 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 50.3 points above its cost of capital (11.2% WACC).
Short interest Short interest is 1.4% of the free float (15 Oct 2026).
Next results Next results expected around 27 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.88B | $1.80B | $1.72B | $655M | $73.0M |
| Revenue growth | — | +4% | +163% | +797% | — |
| Gross profit | $774M | $823M | $789M | $278M | $19.8M |
| EBITDA | n/a | $208M | $410M | $153M | -$16.5M |
| Net income | $193M | $160M | $338M | $107M | -$18.0M |
| Free cash flow | n/a | $171M | $363M | $268M | $4.80M |
| Capital expenditure | $4.83M | $62.9M | $33.5M | $4.50M | $1.59M |
| Total debt | $207M | $182M | $75.1M | $15.3M | $9.13M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chagee Holdings Limited Unsponsored ADR CHA | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% |
| MIXUE 2097.HK | $8.80B | -37% | +35% | 20% | 11.5× | -18.5% |
| Guming 1364.HK | $7.08B | -4% | +47% | 25% | 14.8× | -4.1% |
| Sichuan Baicha Baidao Industrial 2555.HK | n/a | -28% | n/a | n/a | n/a | n/a |
| Auntea Jenny (Shanghai) Industrial 2589.HK | $784M | -61% | +36% | 15% | 8.5× | -7.1% |
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 | CHA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.7% | +0.7% | 5th highest of 21 |
| 6-month return | +18.6% | -4.3% | 2nd highest of 21 |
| Distance from 52-week high | -24.9% | -24.2% | 11th highest of 21 |
| Revenue growth (TTM) | -0.2% | +6.0% | 5th lowest of 21 |
| Operating margin | 11.4% | 9.3% | 9th highest of 21 |
| Forward P/E | 7.9× | 16.8× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -4.1% | 0.6% | 7th least demanding of 18 |
| Growth delivered (Del g) | +190.8% | +3.6% | highest of 18 |
| Hurdle (Req g minus delivered) | -194.9 pp | +0.1 pp | least demanding of 18 |
| ROIC minus cost of capital | +50.3 pp | +3.3 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |
| Jiangsu Hengshun Vinegar-Industry 600305.SS | China | $1.15B | -7% | +6% | 6% | 49.9× | 17.3% | +2.6% |
| Shanghai Ziyan Foods 603057.SS | China | $1.09B | -37% | +7% | 6% | 39.1× | n/a | n/a |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 7.9× | -12.3% | +6.2% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% | +3.9% |
| Bombay Burmah Trading BBTC.NS | India | $947M | -18% | +7% | 16% | n/a | -8.8% | +8.2% |
| AGT Food and Ingredients AGTF.TO | Canada | $922M | +12% | -19% | -2% | 16.0× | n/a | n/a |
| CSPC Innovation Pharmaceutical 300765.SZ | China | $6.48B | +14% | +117% | 26% | 40.6× | 13.9% | +10.5% |
| SamyangFood 003230.KS | South Korea | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% | +29.4% |
| Conagra Brands CAG | United States | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% | +0.2% |
| Hongmian Zhihui Science and Technology Innovation Co., Ltd. Guangzhou 000523.SZ | China | $798M | -16% | +4% | 2% | n/a | 12.1% | -8.5% |