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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
MasterBeef Group is a comprehensive dining conglomerate based in Hong Kong, specializing in authentic Taiwanese hotpot and barbecue cuisine. As of April 2025, the company manages a portfolio of 12 restaurant establishments, operating under its "Master Beef" and "Anping Grill" brand names. Notably, a 2023 report by Frost & Sullivan highlighted the Master Beef brand's leading position, ranking it first by revenue among both specialty hotpot and Taiwanese hotpot restaurant chain brands in Hong Kong.
How they make money
MasterBeef Group operates a chain of restaurants in Hong Kong, generating revenue primarily through the sale of food and beverages to customers. The business model relies on high-volume dining traffic, efficient supply chain management for fresh ingredients, and the strategic placement of restaurant outlets in high-traffic commercial areas.
Products & services
The company operates Taiwanese-style hotpot and barbecue restaurants, offering a variety of meat, seafood, and vegetable dishes for table-side cooking.
Brands & revenue mix
Master Beef
Core restaurant brand focusing on Taiwanese hotpot.
Separate brand revenue is not available in this research.Source
Anping Grill
Restaurant brand focusing on barbecue dining.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Overall investment score · Quality, value, risk and opportunity
24
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
36
Poor
Financial Strength
37
Business Quality / Moat
72
Management
0
Growth Quality
27
Risk / Durability
29
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
What we like
No strong positive signal is being highlighted from the currently available summary data.
What to watch
•Debt service risk
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for MB
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can MB maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can MB fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Does MB's balance between cash and debt leave enough flexibility if business conditions weaken?
•What specifically needs to improve for MB to reach sustainable profitability?
•What future growth or profitability would be needed to justify MB's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for MB
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~-3.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on MB.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Established brand presence in the Hong Kong dining market.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Restaurants industry.
−Dependence on the Hong Kong restaurant market and consumer spending trends.
−Risks associated with lease renewals and availability of suitable restaurant locations.
−Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak24/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Fair
51
Debt Cost4.6%
Debt Reduction YoY-12.1%
Debt / Equity4.45x
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Revenue
Poor
38
Revenue YoY109.8%
Revenue CAGR-4.1%
Net Margin-2.1%
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Asset
Poor
21
Asset Growth YoY-1.4%
Liquidation/Share$0.35
Net Assets/MCap0.17x
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Capital
Poor
0
Earnings Yield-3.7%
Buyback Yield0.0%
Debt Cost4.6%
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Management
Poor
0
ROIC-29.1%
ROE-41.8%
ROA-6.5%
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Moat
Strong
72
EPS Growth—
FCF/Share Growth—
Rev/Share Growth65.4%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
34
Revenue38
Moat72
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
25
Interest Coverage-3.3x
ROIC-29.1%
FCF Yield-2.6%
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Master
Poor
35
Financial25
Valuation0
Debt51
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Resilience
Poor
30
Survival Years10.5 yrs
Current Ratio1.55x
FCF Margin-3.0%
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Score Changes
3 historical score records available
Previous Score
24
Oct 1, 2026
Change
Unchanged
Current Score
24
Oct 5, 2026
Category Changes
Revenue-0.1
Debt+0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
MB score was unchanged.
Projected Score
Projected Score
27
Projected Change
+3.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$3.80
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2017
2016
2015
Revenue
$122.8M
$58.5M
$64.2M
$63.7M
····
····
····
····
Cost of Revenue
$113.0M
$40.4M
$42.4M
$20.6M
····
····
····
····
Gross Profit
$9.8M
$18.1M
$21.9M
$43.0M
····
····
····
····
Research & Development
$0.00
$892K
$756K
$0.00
····
····
····
····
SG&A Expenses
$13.1M
$8.2M
$7.0M
$20.6M
····
····
····
····
Operating Expenses
$13.1M
$22.2M
$22.6M
$32.1M
····
····
····
····
EBITDA
$15.2M
$3.9M
$15.9M
$13.3M
····
····
····
····
Operating Income
-$3.3M
-$4.1M
-$739K
$10.9M
····
····
····
····
Interest Expense
$2.5M
$1.2M
$1.3M
$1.2M
····
····
····
····
Income Before Tax
-$1.3M
-$5.8M
$4.5M
$1.4M
····
····
····
····
Income Tax Expense
$1.2M
$889K
$346K
$976K
····
····
····
····
Net Income
-$2.5M
-$6.7M
$4.2M
$382K
····
····
····
····
Basic EPS
$-0.15
$-0.39
$0.09
$0.01
····
····
····
····
Basic Shares
17.16M
17.16M
47.49M
47.49M
····
····
····
····
Diluted Shares
17.16M
17.16M
47.49M
47.49M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Dec 31, 2025Q4FY2025
Revenue
$29.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.15
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+12.1%
Cash Change
+25.9%
Margin Change
-6.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included EPS growth, cash levels. Pressure indicators included revenue growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 12.0%. EPS increased 172.1%. Cash increased 25.9%. Total debt increased 12.1%. Net income margin declined by 6.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.