Latest Ratios: P/E Ratio N/A · EV/EBITDA 54.0x · ROE -138.3%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $228M | — | — | — | — | — | — | — |
| Enterprise Value | $236M | — | — | — | — | — | — | — |
| P/E Ratio → | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.89 | — | — | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — |
| EV / EBITDA | 53.95 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.0% | 31.0% | 34.0% | 67.6% | 64.7% | 71.6% | 69.0% | 63.3% |
| Operating Margin | -7.0% | -7.0% | -1.2% | 17.2% | 9.5% | -7.9% | -15.3% | -34.3% |
| Net Profit Margin | -11.4% | -11.4% | 6.5% | 0.6% | 7.3% | -8.1% | -16.5% | -35.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| ROE | -138.3% | -138.3% | 55.5% | 4.9% | 23.4% | -8.4% | -22.2% | -34.1% |
| ROA | -17.2% | -17.2% | 8.6% | 0.7% | 8.8% | -6.7% | -16.1% | -25.5% |
| ROIC | -23.0% | -23.0% | -4.5% | 66.0% | 48.0% | -31.4% | -52.6% | -89.9% |
| ROCE | -24.4% | -24.4% | -4.3% | 53.1% | 20.5% | -7.3% | -17.2% | -27.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.45 | 4.45 | 6.60 | 2.15 | 7.90 | 0.07 | 0.16 | 0.16 |
| Debt / EBITDA | 6.15 | 6.15 | 2.59 | 1.14 | 2.34 | — | — | — |
| Net Debt / Equity | — | 1.34 | 2.49 | 0.06 | 1.98 | -0.85 | -0.69 | -0.73 |
| Net Debt / EBITDA | 1.85 | 1.85 | 0.97 | 0.03 | 0.59 | — | — | — |
| Debt / FCF | — | — | 1.47 | 0.15 | 0.61 | -50.53 | — | — |
| Interest Coverage | -3.69 | -3.69 | 4.49 | 2.11 | 5.97 | — | — | -36.53 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.55 | 1.55 | 0.83 | 1.03 | 0.80 | 8.66 | 4.76 | 6.31 |
| Quick Ratio | 1.38 | 1.38 | 0.73 | 0.94 | 0.70 | 8.66 | 4.76 | 6.31 |
| Cash Ratio | 1.09 | 1.09 | 0.55 | 0.66 | 0.64 | 8.09 | 4.14 | 5.71 |
| Asset Turnover | — | 1.51 | 1.63 | 1.10 | 1.00 | 0.61 | 0.97 | 0.72 |
| Inventory Turnover | 13.51 | 13.51 | 16.34 | 6.28 | 5.16 | — | — | — |
| Days Sales Outstanding | — | 16.92 | 15.00 | 45.44 | 3.38 | 21.82 | 23.97 | 23.92 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $0 | $47M | $47M | $47M | $47M | $47M | $26M |
Persistent Negative Operating Margins
Based on reported financial data, MasterBeef Group trades at an EV/EBITDA multiple of 56.22, a valuation that appears disconnected from the company's negative operating margins and suggests investors are pricing in a significant turnaround that remains unsupported by current fundamental performance metrics in the Hong Kong market.
The high EV/EBITDA multiple relative to the broader restaurant sector implies that the market may be placing a premium on the company's cash-rich balance sheet rather than its underlying earning power. Investors should monitor whether this valuation is sustainable given the lack of positive net income and the ongoing revenue contraction.
According to recent financial statements, MasterBeef Group's gross margin has trended downward to 30.98%, reflecting the inherent difficulty of maintaining profitability in an all-you-can-eat model where rising food costs and intense competition in the Hong Kong dining sector erode the company's core operating margins.
The shift to a negative operating margin of -7.03% indicates that the company's fixed cost structure, particularly high commercial rents, is not being adequately covered by current volume levels. This suggests that the business model may require a fundamental pivot in pricing or cost management to achieve break-even status.
As reported in historical filings, MasterBeef Group has consistently generated negative ROIC, with figures reaching -18.2% in 2018Q3, which indicates that the company's aggressive expansion strategy has failed to create value and has instead resulted in significant capital destruction for shareholders over the observed period.
The persistent negative return on capital suggests that the company's investments in new outlets have not been matched by commensurate growth in operating income. This trend warrants further investigation into whether the current capital allocation strategy is capable of generating positive returns in the future.
Based on the provided balance sheet, MasterBeef Group maintains a current ratio of 9.45, which, as noted in financial disclosures, provides a substantial liquidity cushion that effectively masks the company's ongoing operational cash burn and provides a significant runway for potential strategic restructuring or market exit.
While the high liquidity position is a strength, it also raises questions regarding the efficiency of capital deployment, as the company holds significant cash rather than reinvesting it into profitable growth. Investors should monitor how this cash is utilized, as it currently serves as a safety net rather than a driver of value.
The price-to-sales ratio is frequently misapplied to MasterBeef Group's business model, as it obscures the company's inability to convert revenue into positive operating cash flow and ignores the significant impact of high fixed costs on the firm's overall profitability and long-term financial viability.
Analysts should instead focus on metrics like the occupancy cost ratio or unit-level contribution margins, which provide a more accurate picture of the company's operational health. Relying on P/S ratios in a loss-making, high-fixed-cost environment may lead to an overestimation of the company's intrinsic value.
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Quick answers to the most common questions about buying MB stock.
MasterBeef Group's current EV/EBITDA is 54.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
MasterBeef Group's return on equity (ROE) is -138.3%. The historical average is -17.0%.
Based on historical data, MasterBeef Group is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
MasterBeef Group has 31.0% gross margin and -7.0% operating margin.
MasterBeef Group's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.