Maase Inc. (NASDAQ: MAAS)

Sector: Financial Services Industry: Asset Management CIK: 0001750264
Market Cap 46.22 Mn
P/B 0.52
P/E -1.70
P/S 0.22
Div Yield % 0.00
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About

Highest Performances Holdings Inc., also known as HPH, is a prominent third-party wealth management services provider based in China. The company primarily caters to the affluent and emerging middle class population, offering a range of financial services. Since its inception in 2010 by Mr. Yu Haifeng, HPH has grown significantly and established a strong presence in the Chinese wealth management industry. HPH's main business activities revolve around wealth management, asset management, insurance consulting, trust consulting, and ancillary services....

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Investment thesis

Bull case

No data available.

Bear case

No data available.

Product Or Service Breakdown of Revenue (2025)

Product and Service Breakdown of Revenue (2025)

Peer comparison

Companies in the Asset Management
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 BLK BlackRock, Inc. 199.59 Bn 85.40 21.98 15.04 Bn
2 BN BROOKFIELD Corp /ON/ 103.94 Bn 31.52 5.64 262.97 Bn
3 AMP Ameriprise Financial Inc 88.69 Bn 55.02 7.20 5.89 Bn
4 BX Blackstone Inc. 88.51 Bn 49.39 10.93 12.89 Bn
5 KKR KKR & Co. Inc. 55.86 Bn 28.33 13.23 53.12 Bn
6 STT State Street Corp 46.52 Bn 21.77 3.91 34.72 Bn
7 NTRS Northern Trust Corp 34.14 Bn 33.31 6.71 15.64 Bn
8 RJF Raymond James Financial Inc 32.89 Bn 37.63 4.14 5.10 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.07 0.94
EV to Cash from Ops. EV/CFO 3.27 41.10
EV to Debt EV to Debt 1.66 15.28
EV to EBIT EV/EBIT -1.08 23.47
EV to EBITDA EV/EBITDA 0.16 47.80
EV to Free Cash Flow [EV/FCF] EV/FCF 3.35 38.62
EV to Market Cap EV to Market Cap 0.70 7.81
EV to Revenue EV/Rev 0.15 27.38
Price to Book Value [P/B] P/B 0.52 2.34
Price to Earnings [P/E] P/E -1.70 11.81
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 4.66
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 -5.56
Dividend per Basic Share Div per Share (Qtr) 0.00 1.73
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 49.83
Interest Coverage Interest Coverage 0.00 25.16
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 53.11 -35.10
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -66.50 15.43
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 1.65
EBIAT Growth (1y) % EBIAT Growth (1y) % 31.69 -90.82
EBITDA Growth (1y) % EBITDA Growth (1y) % -23.94 35.24
EBIT Growth (1y) % EBIT Growth (1y) % 21.16 -22.13
EBT Growth (1y) % EBT Growth (1y) % 21.16 -163.05
EPS Growth (1y) % EPS Growth (1y) % 76.60 -20.61
FCF Growth (1y) % FCF Growth (1y) % 30.55 220.21
Gross Profit Growth (1y) % Gross Profit Growth (1y) % -17.83 -53.96
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 0.06 0.22
Cash Payout Ratio Cash Payout Ratio 0.00 0.36
Cash Ratio Cash Ratio (Qtr) 0.16 0.38
Current Ratio Curr Ratio (Qtr) 3.84 0.86
Debt to Equity Ratio Debt/Equity (Qtr) 0.22 0.70
Interest Cover Ratio Interest Cover Ratio 0.00 25.16
Times Interest Earned Times Interest Earned 0.00 25.16
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % -4.40 -114.76
EBIT Margin % EBIT Margin % -102.75 -127.24
EBT Margin % EBT Margin % -14.29 -150.97
Gross Margin % Gross Margin % 99.60 67.88
Net Profit Margin % Net Profit Margin % -13.00 -148.68