Added to YB: 2026-08-26
Pitch date: 2026-08-24
1179.HK [neutral]
H World Group Limited
-1.46%
current return
Author Info
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Company Info
H World Group Limited develops and operates leased and owned, manachised, and franchised hotels in the People’s Republic of China.
Market Cap
$101.6B
Pitch Price
$38.38
Price Target
N/A
Dividend
4.29%
EV/EBITDA
9.24
P/E
21.09
EV/Sales
4.53
Sector
Hotels, Restaurants and Leisure
Category
growth
Theoria Weekly - H World 2026 Q2: RevPAR Pressure, Strong Network Expansion
1179.HK (earnings): Q2 China blended RevPAR RMB238 (+1.1% YoY, 4th straight quarter of growth), driven by ADR +2.6% on brand upgrades though occupancy fell; same-hotel RevPAR -3% (industry-wide, Atour also -3%). International RevPAR -3.8% on Mideast conflict and SE Asia ramp, though Europe +1.1%. Net +324 hotels to 13,539, slightly behind FY gross-opening target of 2,200-2,300, but pipeline topped 3,000 first time in 2yrs. Mgmt raised revenue guidance; stock +15% since Monday. Author sees FY RevPAR ~+2%, ~14,500 hotels YE, mid-teens GMV/EBIT growth. At ~$48 (~13x EV/LFY EBIT) plus ~5% shareholder yield, high-teens annual return plausible.
Read full article (3 min)