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Health and Happiness (H&H) International Holdings
(1112)
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Rating:64Neutral
Price Target:
HK$24.00
▲(30.15% Upside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by mixed financial performance—strong cash generation and gross profitability are offset by elevated leverage and recent earnings volatility. Technicals are supportive with a clear uptrend and positive momentum, while valuation is reasonably attractive with a mid-teens P/E and ~4.4% dividend yield.
Positive Factors
Strong Gross Margins
Gross margins of roughly 60–64% indicate the branded nutrition portfolio retains meaningful economics after product costs. This provides a durable foundation for funding marketing, distribution, and product development, while offering some resilience if revenue growth remains moderate.
Negative Factors
Elevated Leverage
Persistent debt-to-equity near 1.5–1.6 reduces financial flexibility and makes the company more sensitive to earnings fluctuations. Higher leverage can constrain investment and capital allocation, while weaker returns make balance-sheet improvement more dependent on sustained cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
Gross margins of roughly 60–64% indicate the branded nutrition portfolio retains meaningful economics after product costs. This provides a durable foundation for funding marketing, distribution, and product development, while offering some resilience if revenue growth remains moderate.
Read all positive factors
Health and Happiness (H&H) International Holdings (1112) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.51B
Dividend Yield4.08%
Average Volume (3M)2.40M
Price to Earnings (P/E)17.7
Beta (1Y)0.66
Revenue Growth24.27%
EPS GrowthN/A
CountryHK
Employees2,758
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.15
Shares Outstanding645,561,340
10 Day Avg. Volume3,371,797
30 Day Avg. Volume2,403,589
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.26
Price to Sales (P/S)0.53
P/FCF Ratio7.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.28Price Target Upside47.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)1.64
Revenue Forecast (FY)HK$17.25B
Health and Happiness (H&H) International Holdings Business Overview & Revenue Model
Company Description
As an investment holding entity, Health and Happiness (H&H) International Holdings Limited specializes in the global production and distribution of nutritional and care products designed for families and infants. Its offerings are categorized into...
How the Company Makes Money
H&H International Holdings makes money primarily by selling branded nutrition and wellness products to consumers through a mix of online and offline distribution channels. Its core revenue model is product sales (recognized when goods are delivere...
Health and Happiness (H&H) International Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.03B | 14.35B | 13.05B | 13.93B | 12.78B | 11.55B |
| Gross Profit | 10.26B | 8.96B | 7.92B | 8.47B | 7.70B | 7.25B |
| EBITDA | 2.69B | 1.87B | 1.37B | 2.04B | 1.87B | 1.42B |
| Net Income | 735.75M | 196.14M | -53.72M | 581.85M | 611.78M | 508.48M |
Balance Sheet | ||||||
| Total Assets | 19.48B | 19.41B | 18.84B | 20.04B | 20.96B | 20.28B |
| Cash, Cash Equivalents and Short-Term Investments | 1.99B | 1.73B | 1.60B | 1.45B | 2.30B | 2.40B |
| Total Debt | 7.72B | 9.06B | 9.36B | 9.22B | 9.67B | 9.48B |
| Total Liabilities | 12.97B | 13.42B | 13.03B | 13.75B | 14.82B | 14.40B |
| Stockholders Equity | 6.51B | 5.99B | 5.81B | 6.30B | 6.14B | 5.89B |
Cash Flow | ||||||
| Free Cash Flow | 1.62B | 947.13M | 1.25B | 1.01B | 1.37B | 1.78B |
| Operating Cash Flow | 1.67B | 994.38M | 1.35B | 1.10B | 1.47B | 1.89B |
| Investing Cash Flow | -214.86M | -134.75M | 895.00K | -52.07M | -104.88M | -4.01B |
| Financing Cash Flow | -1.44B | -794.56M | -1.07B | -1.99B | -1.49B | 2.77B |
Health and Happiness (H&H) International Holdings Technical Analysis
Positive
18.44
Price Trends
18.81
Positive
15.85
Positive
14.37
Positive
Market Momentum
1.46
Negative
76.93
Negative
91.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1112, the sentiment is Positive. The current price of 18.44 is below the 20-day moving average (MA) of 21.11, below the 50-day MA of 18.81, and above the 200-day MA of 14.37, indicating a bullish trend. The MACD of 1.46 indicates Negative momentum. The RSI at 76.93 is Negative, neither overbought nor oversold. The STOCH value of 91.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1112.
Health and Happiness (H&H) International Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$6.21B | 23.63 | 9.30% | 2.85% | -3.39% | 20.09% | |
65 Neutral | HK$32.92B | 5.78 | 25.72% | 3.82% | 5.80% | -9.69% | |
64 Neutral | HK$15.51B | 17.72 | 11.77% | 4.08% | 24.27% | ― | |
63 Neutral | HK$23.28B | 11.17 | 7.29% | 7.35% | -4.22% | -30.99% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$76.72B | 35.11 | 4.53% | 3.01% | 3.48% | ― | |
47 Neutral | HK$1.83B | -2.56 | -11.03% | 4.85% | -8.08% | -376.61% |
* Consumer Defensive Sector Average
HK:1112
Health and Happiness (H&H) International Holdings
24.02
12.48
108.06%
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Health and Happiness (H&H) International Holdings Corporate Events
H&H posts strong nine‑month revenue growth as China IMF market share hits record
Oct 26, 2026
Health and Happiness (HH) International Holdings reported unaudited revenue of RMB13.45 billion for the nine months to 30 September 2026, up 24.5% year‑on‑year on a reported basis, driven by strong performances in its Adult Nutrition a...
H&H International Declares HKD 0.82 Interim Dividend for First Half 2026
Aug 25, 2026
Health and Happiness (HH) International Holdings has declared an interim ordinary cash dividend of HKD 0.82 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The ex-dividend date is set for 10 September 2026, with the ...
H&H International Profit Soars on Margin Expansion in First Half 2026
Aug 25, 2026
Health and Happiness (HH) International Holdings reported strong interim results for the six months ended 30 June 2026, with revenue rising 23.9% year-on-year to RMB8.70 billion and gross profit reaching RMB5.69 billion. The group’s EBITDA s...
H&H Secures US$330 Million Syndicated Refinancing Package
Aug 5, 2026
Health and Happiness (HH) International Holdings Limited has arranged new syndicated refinancing facilities totalling about US$330 million, comprising term loans of roughly US$320 million and a US$10 million revolving credit line. The package, led...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.