MasterBeef

Restaurants · Consumer Cyclical

Price

$4.19

+0.18 (+4.49%)

Market Cap

$71.9M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count falling — buybacks

−63.9% over 8y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 47.5M (2017) → 17.2M (2025)

MasterBeef Group is a full-service restaurant group based in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. As of April 2025, the company operates 12 restaurant outlets under the “Master Beef” and “Anping Grill” brands. According to the Frost & Sullivan Report, in 2023, the Master Beef brand ranked first among specialty hotpot restaurant chain brands and Taiwanese hotpot restaurant chain brands in Hong Kong in terms of revenue, capturing approximately 9.7% market share in th

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+36.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-371.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$7M/ year

↑ Rising (+18% vs prior year)

1.5% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

72.7%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~10 years

$170M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$170M cash & investments at current burn rate

Revenue accelerating

MasterBeef grew revenue 37% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

68.3%

Premium pricing power — 68.3% gross margin

Operating Margin

-22.7%

Losing money on operations — -22.7%

ROCE

-6.6%

Weak — -6.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+33.8%

Fast-growing sales (33.8% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-3.9%

Burning cash (-3.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

2.25

Heavy debt load (2.25)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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