Happiness Development Group Limited

HAPPNASDAQConsumer Defensive

$4.50

+$0.05(+1.12%)

Market Cap$31297410

P/E Ratio—

52W High$7.4

52W Low$2.08

Avg Volume14K

Open$4.40

Beta0.22

Free Cash Flow Financials Revenue

Happiness Development Group Limited (HAPP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HAPP · free cash flow · updated Jun 9, 2026

Core FCF metrics

HAPP · FCF · TTM · margin & CAGR

Free cash flow was −$30.5M for FY2022 (fiscal year ending 2022-03-31), down 3183.7% year-over-year The FCF margin was -34.1%.

FY2022 Free Cash Flow−$30.5M▼ -3183.7% YoY

Trailing 12M (TTM)$78.1MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-34.1%−$30.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HAPP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2022Latest−$28.1M(2M)−$30.5M▼ 3183.7%-34.1%

FY2021$2.9M(4M)−$930,112▼ 109.7%-1.3%

FY2020$10.8M(1M)$9.6M▲ +53.6%14.8%

FY2019$6.5M(0M)$6.3M▼ 51.0%9.8%

FY2018$12.9M(0M)$12.8M▲ +25.0%20.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HAPP · P/FCF · FCF yield · FCF per share

Happiness Development Group Limited (HAPP) trades at a FCF yield of -97.59% and a price-to-free-cash-flow ratio of 0.1x. FCF per share stands at $38.57, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

-97.59%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$38.57

TTM FCF ÷ Shares Outstanding

Price / FCF

x0.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x-0.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2022 · 2022-03-31

Cash flow statement summary

HAPP · cash flow statement · operating / investing / financing

For FY2022, Happiness Development Group Limited generated −$28.1M in operating cash flow and spent 2M in capital expenditures, yielding −$30.5M in free cash flow.

Operating Activities

−$28.1M

Cash from core business operations

2022-03-31

Investing Activities

−$8.5M

CapEx, acquisitions & investments

2022-03-31

Financing Activities

+$18.8M

Buybacks, dividends & debt

2022-03-31

FCF FormulaOperating CF (−$28.1M) − |CapEx| (2M) = FCF (−$30.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

HAPP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Happiness Development Group LimitedYOU

HAPP

−$30.5M-3183.7%-34.1%

Loss

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Happiness Development Group Limited (HAPP) reported free cash flow of −$30.5M for FY2022 (fiscal year ending 2022-03-31), down 3183.7% year-over-year. The FCF margin was -34.1%.

Based on available data, Happiness Development Group Limited has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $12.8M in FY2018.

Happiness Development Group Limited's FCF yield is -97.59% and price-to-FCF ratio is 0.1x for FY2022, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HAPP free cash flow · 8 questions

Happiness Development Group Limited free cash flow was −$30.5M for FY2022, down 3183.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $78.1M.

HAPP free cash flowHAPP FCFHAPP FCF 2022HAPP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Happiness Development Group Limited · Happiness Development Group Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026