Company Analysis

MasterBeef Group (MB)

Nasdaq: MB · Retail-Eating Places · Kwai Chung, New Territories, HK · filing with the SEC since 2024
Grade4.4
◀ Past 3.0● Present 5.0▶ Future 4.6
2 est.

The grade of MasterBeef Group

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past3.025% of the headline
● Present5.045% of the headline
▶ Future4.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.4/10

Has it survived what it has been through?

2 warning events since 2024; the latest 2026-04-30.

weight 45% of this tense · 34th percentile among 43 sector filers · read for itself

From the record

MasterBeef Group's filings since 2024 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2026-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.0/10

What has it actually done, year after year?

+5% a year over 3 filed years; profitable in 2 of 3.

weight 33% of this tense · 40th percentile among 42 sector filers · read for its customers

From the record

MasterBeef Group's 3 filed years say what it did: revenue went from HKD 457 million in fiscal 2022 to HKD 504 million in fiscal 2024, up 5% a year; it rose in 1 of 2 years; the deepest fall was 5% from fiscal 2023 to fiscal 2024; net income was positive in 2 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.0%bottom 39% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profitbottom 39% of its family
  • the deepest fall from a revenue peak5.3%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
0.6/10

How has it treated the people who own it?

Share count grew 3475.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 6th percentile among 37 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2024-12-31, MasterBeef Group's diluted share count grew about 3475.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 1% of its family
  • cash returned against operating cash flowbottom 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.0/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.4/10

Is it financially healthy right now?

ROE 115%: 115¢ of profit per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar.

weight 45% of this tense · 44th percentile among 41 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, MasterBeef Group earned about 115 cents of profit for every dollar of shareholders' money. Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count grew 128357.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 32% of its family
  • return on equitytop 2% of its family
  • the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.9/10

How strong is its position in its industry?

top 41% of 43 in its family; net margin 6.5%.

weight 33% of this tense · 59th percentile among 43 sector filers · read for its customers

From the record

MasterBeef Group's standing among 43 graded names in its industry family: revenue of HKD 504 million in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 6.5% ranks in the top 24%; revenue growth of 5% a year over the last 2 filed years ranks in the bottom 43% (its annual reports).

What it rests on

  • net margin6.5%top 24% of its family
  • three-year revenue growth5.0%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 34 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 34 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 34 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: MasterBeef Group's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 34 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
8.4/10

How much room does it have to grow?

top 16% of 41 in its family for room to expand.

weight 22% of this tense · 84th percentile among 41 sector filers · read for itself

From the record

MasterBeef Group's room to grow, from the newest filed statements (fiscal 2024): cash of HKD 117 million against debt of HKD 62 million leaves 17.9% of its assets as net cash, top 4% of its family; cash from operations less capital spending is 9.6% of revenue (top 27%) (its annual report).

What it rests on

  • cash less debt against assets17.9%top 4% of its family
  • cash from operations less capital spending against revenue9.6%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.4/10

What could actually drive growth from here?

bottom 24% of 42 in its family for growth drivers.

weight 45% of this tense · 24th percentile among 42 sector filers · read for its customers

From the record

MasterBeef Group's growth drivers, from the filed years to fiscal 2024: revenue grew 5% a year over the last three filed years against 5% over all 3, speeding up (top 50% of its family); the newest year grew -5.3% (bottom 13%); capital spending grew -39.2% a year (bottom 8%) (its annual reports). MasterBeef Group tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 50% of its family
  • the newest year's revenue growth-5.3%bottom 13% of its family
  • three-year growth of capital spending-39.2%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.1/10

Did its newest year beat what its own record pointed to?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 39 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 39 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 39 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: MasterBeef Group's expectations vs reality is put at 5.1 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 39 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MB · research, not advice