Added to YB: 2026-03-06
Pitch date: 2026-03-04
CHA [neutral]
Chagee Holdings Limited
Author Info
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Company Info
Chagee Holdings Limited, through its subsidiaries, owns, operates, and franchises teahouses under the CHAGEE brand name in the People’s Republic of China and internationally.
Market Cap
$13.7B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.56
P/E
13.40
EV/Sales
0.44
Sector
Hotels, Restaurants and Leisure
Category
growth
Chagee stock has fallen by 75% since IPO but new stores keep opening? Why?
CHA (overview): IPO'd Apr'25 at $28, now down 75%. 2024 rev $1.72B (+167% YoY), GMV $4.09B (+173%), but 2025 growth slowed to ~20%. Market priced in hyper-growth at IPO; deceleration triggered sell-off. Still small vs Mixue/Luckin/SBUX in stores & margins. Store openings & queues show brand momentum, but investors want proof of durable, profitable scaling. Thesis: if converts hype to consistent earnings, recovery possible; if not, current price may be fair value.
Read full article (4 min)