GreenTree Hospitality Group Ltd.

GreenTree Hospitality Group Ltd.

GHG
GreenTree Hospitality Group Ltd.US flagNew York Stock Exchange
1.19
USD
-0.06
- -
120.34MMarket Cap
GreenTree Hospitality Group Ltd.
GHG
(New York Stock Exchange)

Recent

price

1.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.13
3.19
7.32
9.13
10.7
9.02
19.1
14.27
15.94
13.23
8.27
13.23
Revenue per Share
1.16
1.31
2.69
3.75
4.34
2.54
0.86
-4.13
2.64
1.08
1.26
1.08
Basic EPS, GAAP
1.69
2.15
4.46
4.17
2.93
1.77
-1.97
2.05
3.59
2.89
0.15
2.89
Free Cash Flow per Basic Share
0.26
0.09
5.7
2.02
2.22
- -
3.11
0.4
- -
0.7
0.32
0.7
Dividend per Share
3
4.22
5.16
5.91
6.31
8.81
6.45
-4.66
-2.26
-1.18
0.35
-1.18
Book Value per Share
3.78
5.02
7.15
16.4
13.93
16.09
13.6
12.84
11.61
13.01
11.5
13.01
Tangible Book Value per Share
203
203
102
99
102
103
103
103
102
102
133
102
Basic Weighted Avg Shares
635
648
743
906
1,092
930
1,968
1,469
1,627
1,343
1,097
1,343
Sales/Revenue/Turnover
45.34
48.2
49.99
55.78
46.21
34.33
6.57
-25.62
21.61
20.99
12.8
20.99
Operating Margin (%)
42
35
25
26
40
66
119
125
117
116
89
116
Depreciation Expense
236
266
274
372
443
261
89
-425
269
110
167
110
Net Income, GAAP
24.05
23.3
39.98
28.69
30.28
31.18
57.44
- -
31.14
44.99
22.37
44.99
Effective Tax Rate (%)
37.15
41.06
36.81
41.05
40.55
28.1
4.51
-28.94
16.55
8.19
15.2
8.19
Profit Margin (%)
766
1,110
822
1,741
470
715
581
271
285
670
716
670
Working Capital
- -
- -
- -
- -
- -
- -
302
1,676
1,449
1,472
1,232
1,472
LT Debt
777
1,027
733
1,659
2,018
2,250
2,043
1,658
1,480
1,493
1,608
1,493
Total Equity
- -
23.32
21.56
25.91
17.23
9.22
2.01
- -
6.33
4.44
3.24
4.44
Return on Invested Capital (%)
- -
36.25
39.75
63.24
59.36
27.15
7.26
- -
16.66
7.11
11.08
7.11
Return on Capital (%)
- -
36.27
39.6
67
72.03
33.68
11.28
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
263
184
242
LT Borrowings
256
256
256
LT Finance Leases
1,333
1,300
1,216
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
102
102
Market Capitalization
1,798
2,204
1,898

Working Capital

FRC

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
1,769
1,886
1,835
Cash, Cash Equivalents & STI
1,395
1,536
1,490
Accounts Receivable, Net
121
113
100
Inventories
6
6
7
Total Current Liabilities
1,188
1,227
1,165
Payables & Accruals
724
824
676
ST Debt
263
184
242
Deferred Revenue
201
219
201

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.29%
-6.04%
7.74%
Free Cash Flow
-49.86%
-90.82%
-93.15%
Net Income, GAAP
-78.66%
-163.24%
51.63%
Sales/Revenue/Turnover
10.56%
12.25%
-18.32%
Total Cash Common Dividend
- -
- -
-39.35%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
379
415
461
372
1,627
2024
352
330
357
305
1,343
2025
- -
304
215
- -
1,097

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.36
1.01
1.15
-0.3
2.64
2024
0.58
0.61
0.65
-0.75
1.08
2025
- -
0.6
-0.89
- -
1.26

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
0.01
- -
0.69
0.7
2025
- -
- -
- -
- -
0.32
Business
GreenTree Hospitality Group Ltd engages primarily in the hospitality and restaurant management industry in China. Founded in 2004 and headquartered in Shanghai, the company operates a diversified portfolio of hotels and restaurants through leased-and-operated and franchised-and-managed models. Its core product offerings include hotel accommodations under various brand names such as GreenTree Inns, Da Niang restaurants, Lu Gang restaurants, Orange Hotel, and CityHome Inn, targeting segments ranging from economy to midscale, upscale, and luxury accommodations. The company also engages in food manufacturing and wholesale, supplying prepared meals and frozen foods to supermarkets, distributors, and restaurant franchisees, alongside providing information technology services related to hospitality operations. GreenTree's hotel operations include a broad network of franchised hotels with substantial room inventory, with over 4,500 hotels and nearly 322,000 rooms as of mid-2025, including a pipeline of more than 1,200 hotels under development or contracted. Its restaurant business is largely franchised, focusing on expanding presence while reducing capital-intensive leased-and-operated locations. The company emphasizes mid-to-upscale market segments, aiming to enhance revenue and margins through quality upgrades and selective retention of flagship leased hotels. GreenTree maintains technology platforms for reservations, property management, and customer relationship management to drive operational efficiency and brand consistency. Recent strategic developments reflect GreenTree's pivot toward franchising and managed properties, reducing exposure to leased-and-operated hotels and restaurants to lower capital intensity and risks. In 2024 and 2025, GreenTree has accelerated hotel openings, planning approximately 480 new hotels in 2025 while phasing out non-core leased-and-operated properties. This repositioning aims to capitalize on rising demand for higher-quality accommodations and improve profitability. Additionally, the company has expanded its food manufacturing and wholesale sides to support franchisees and enhance service offerings across its hospitality segments. These adjustments align GreenTree with broader industry trends focusing on franchising and operational scalability. GreenTree Hospitality Group Ltd operates chiefly within the People's Republic of China, serving business and leisure travelers through its extensive hotel and restaurant network. Key subsidiaries include GreenTree Inns Hotel Management Group, Inc., under which it conducts operations. The company remains a significant player in the Chinese hospitality industry, ranked as one of the largest hotel groups by number of properties, and continues to focus on brand development, service quality, and market expansion within its home market. In summary, GreenTree Hospitality Group Ltd is a leading Chinese hospitality and restaurant management company offering franchised and leased hotel accommodations across various market segments, along with restaurant management, food manufacturing, wholesale distribution, and IT services. It is currently pursuing strategic growth through franchising, portfolio upgrading, and business diversification, with a considerable pipeline of new hotels and an operational focus on mid-to-upscale segments to enhance profitability and market presence. Founded in 2004 and headquartered in Shanghai, the company remains focused on scaling its franchise network while optimizing its leased-and-operated assets.

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