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MS Concept Limited logo

MS Concept Limited

8447.HK

HKSEConsumer CyclicalRestaurants

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Latest quote

HK$0.06

+HK$0.001 · +1.69%

Aug 21, 3:17 PM HKT

8447.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, MS Concept Limited primarily delivers catering services across Hong Kong. The firm oversees a collection of twelve diverse restaurants. Its establishments comprise three Mr. Steak branded eateries, an international buffet under the Mr. Steak — Buffet à la minute name, and the Sky Bar, a Western restaurant renowned for its seafood, extensive wine selection, and cocktails. The portfolio also includes two Western specialty restaurants, Bistro Bloom and Bistro Bloom/Marbling, which focus on Western dishes and prime meat cuts; two Hana locations dedicated to Japanese hot pot; and a TF brand outlet serving Taiwanese hotpot. Founded in 2000, MS Concept Limited is headquartered in Hong Kong and functions as a subsidiary of Future More Company Limited.

Industry
Restaurants
Sector
Consumer Cyclical
Headquarters
HK
CEO
Tai Wah Kwong
Listed since
Apr 16, 2018
Employees
176

Market position

52-week range

Current HK$0.06

Open
HK$0.06
Previous close
HK$0.059
Volume
20K
0.05× average
Average volume
439.33K
Average daily volume
Market cap
60M HKD
Beta
0.4
Market reference 1
50-day average
HK$0.0568
+5.56% above average
200-day average
HK$0.0573
+4.68% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
100.02M HKD
P/E (TTM)
14.63×
P/B (TTM)
4×
P/S (TTM)
0.25×
EV / EBITDA
2.84×
Earnings yield
5.44%
Free cash flow yield
38.72%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
20.66%
Operating margin
2.92%
Net margin
1.73%
Return on equity
27.25%
Return on assets
4.52%
Return on invested capital
9.23%

Financial health

Debt / equity
3.23×
Current ratio
0.76×
Altman Z-score
5.25
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%41%13%-15%Gross margin, FY2021: 29.41%Gross margin, FY2022: 20.67%Gross margin, FY2023: 61.63%Gross margin, FY2024: 59.14%Gross margin, FY2025: 23.34%Operating margin, FY2021: -4.99%Operating margin, FY2022: 0.46%Operating margin, FY2023: 13.90%Operating margin, FY2024: -3.23%Operating margin, FY2025: 2.92%Net margin, FY2021: -2.41%Net margin, FY2022: 1.58%Net margin, FY2023: -8.24%Net margin, FY2024: -6.79%Net margin, FY2025: 1.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.41%. Gross margin FY2022 20.67%. Gross margin FY2023 61.63%. Gross margin FY2024 59.14%. Gross margin FY2025 23.34%. Operating margin FY2021 -4.99%. Operating margin FY2022 0.46%. Operating margin FY2023 13.90%. Operating margin FY2024 -3.23%. Operating margin FY2025 2.92%. Net margin FY2021 -2.41%. Net margin FY2022 1.58%. Net margin FY2023 -8.24%. Net margin FY2024 -6.79%. Net margin FY2025 1.73%.

Income trends

Revenue

235.92M HKD-6.92%

Operating income

6.89M HKD+15.09M HKD

Net income

4.08M HKD+21.28M HKD
Income trends across reported periods280.68M HKD171.84M HKD63.01M HKD−45.82M HKDRevenue, FY2021: 202.84M HKDRevenue, FY2022: 250.42M HKDRevenue, FY2023: 225.72M HKDRevenue, FY2024: 253.47M HKDRevenue, FY2025: 235.92M HKDOperating income, FY2021: −10.12M HKDOperating income, FY2022: 1.15M HKDOperating income, FY2023: 31.37M HKDOperating income, FY2024: −8.2M HKDOperating income, FY2025: 6.89M HKDNet income, FY2021: −4.9M HKDNet income, FY2022: 3.97M HKDNet income, FY2023: −18.61M HKDNet income, FY2024: −17.2M HKDNet income, FY2025: 4.08M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 202.84M HKD. Revenue FY2022 250.42M HKD. Revenue FY2023 225.72M HKD. Revenue FY2024 253.47M HKD. Revenue FY2025 235.92M HKD. Operating income FY2021 −10.12M HKD. Operating income FY2022 1.15M HKD. Operating income FY2023 31.37M HKD. Operating income FY2024 −8.2M HKD. Operating income FY2025 6.89M HKD. Net income FY2021 −4.9M HKD. Net income FY2022 3.97M HKD. Net income FY2023 −18.61M HKD. Net income FY2024 −17.2M HKD. Net income FY2025 4.08M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue235.92M HKD253.47M HKD225.72M HKD250.42M HKD202.84M HKD
Cost of goods sold180.84M HKD103.56M HKD86.6M HKD198.65M HKD143.19M HKD
Gross profit55.07M HKD149.91M HKD139.12M HKD51.77M HKD59.66M HKD
Selling, general, and administrative48.19M HKD22.51M HKD107.75M HKD112.46M HKD18.92M HKD
Operating expenses48.19M HKD158.11M HKD107.75M HKD50.62M HKD66.31M HKD
Interest income70K HKD116K HKD60K HKD22K HKD5K HKD
Interest expense3.42M HKD5.24M HKD2.9M HKD4.25M HKD2.97M HKD
Depreciation and amortization27.16M HKD35.07M HKD3.95M HKD41.11M HKD38.25M HKD
Operating income6.89M HKD−8.2M HKD31.37M HKD1.15M HKD−10.12M HKD
Net income4.08M HKD−17.2M HKD−18.61M HKD3.97M HKD−4.9M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.050.01-0.02-0.06Q1 '21Q3 '21Q1 '22Q1 '23Q3 '23Q1 '24Q2 '24Q1 '25
Q1 2021, reported Mar 31, 2021: actual 0.001, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual 0.003, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual -0.001, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 11, 2023: actual 0.006, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual 0.001, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 10, 2024: actual 0, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 22, 2024: actual -0.017, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 8, 2025: actual -0.013, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates265.86M193.49M121.11M48.73MQ1 '21Q3 '21Q1 '22Q1 '23Q3 '23Q1 '24Q2 '24Q1 '25
Q1 2021, reported Mar 31, 2021: actual 89.26M HKD, estimate —, surprise —, Comparison unavailable. Q3 2021, reported Sep 30, 2021: actual 65.21M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 202.84M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 11, 2023: actual 120.79M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 11, 2023: actual 250.42M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 10, 2024: actual 57.33M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 22, 2024: actual 111.51M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 8, 2025: actual 126.71M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Jul 12, 2019

HK$0.015

Irregular

Record Jul 15, 2019 · Payment Aug 1, 2019

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