Happy City Holdings Limited
Happy City Holdings Limited is a restaurant operator headquartered in Hong Kong that specializes in all-you-can-eat hotpot dining experiences. Through its wholly owned subsidiaries, the company manages three hotpot restaurants under prominent brands such as Thai Pot, Gyu! Gyu!, and Shabu Shabu, catering to diverse culinary preferences with Thai and Japanese cuisine. Established in 2019, Happy City Holdings Limited serves the vibrant Hong Kong market and is positioning itself for further growth in Southeast Asia. The company operates within the consumer discretionary sector, specifically the restaurants industry, offering food and beverage services in a region known for its dynamic dining scene. With over 100 employees, Happy City Holdings Limited has recently completed its initial public offering, raising capital to support expansion and enhance its operational footprint. Its primary objective is to deliver accessible and enjoyable dining experiences, reinforcing its role as a notable player in Asia’s crowded restaurant landscape.
$3.96
+$0.00 (+0.00%)
EOD Oct 16, 2026
The business is unprofitable at the operating level (-33.45% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 18.0% YoY. Margins deteriorated 49.3pp alongside, both lines moving the wrong way.
Free cash flow declined 541% versus the prior year, cash generation momentum has weakened. ROIC dropped from 27.81% to -29.24%, capital efficiency is deteriorating.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7M
▼ -18.0% YoY
Net Income (TTM)
-$2M
▼ -284.1% YoY
Op. Margin
-33.45%
▼ -49.3pp YoY
ROIC
-29.24%
▼ -57.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -541.0% YoY
Op. Cash Flow (TTM)
-$1M
▼ -200.2% YoY
Net Debt
$868K
Cash & Equiv.
$4M
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Is Happy City Holdings (HCHL) overvalued?
Happy City Holdings (HCHL)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Happy City Holdings scores 8/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Happy City Holdings a high-quality business?+
Happy City Holdings scores 8 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -33.4% operating margin and a -29.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Happy City Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh HCHL's valuation and scores 8/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.