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Maase

MAAS on Nasdaq. Investment advice. Market value $5.4bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to June 2026.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to June 2026
-20.5%five-year median

Yearly profit per dollar of owners' money: -20 cents. Above 10 is good.

Price to book
annual report to June 2026
8.1×

What you pay for each dollar of net assets: $8.08.

Earnings yield
annual report to June 2026
-0.5%

Profit per $100 you pay: $-0.50.

Quality score: 33 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.

$12.42 a share, 254% above its 1-year low

Over the past year the price has ranged from $3.51 to $24.90.

Pays no dividend

Prices from Monday’s close (2 November).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20222023202420252026
Revenue
$28m$16m$163m$109m$27m
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.09bn0.09bn0.37bn0.02bn0.44bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsShrinking, 1.8% a year
  • Buying back its own sharesNo, 389% more shares since 2022

Dates

Next results (estimated)
n/a
Last annual report (10-K)
26 October 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 10 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

  • Arts Wing Limited
    Passive investor
    at least 17.8%−8.2 pts
    (filed with 1 related holder)
    Since 7 April 2026
  • Golden Brighter Limited
    Passive investor
    at least 14.9%−4.2 pts
    (filed with 1 related holder)
    Since 5 August 2026
  • WJ Management Company Limited
    Passive investor
    at least 14.6%−8.8 pts
    (filed with 1 related holder)
    Since 5 August 2026
  • YCY Management Company Limited
    Passive investor
    at least 10.2%
    (filed with 1 related holder)
    Since 30 March 2026
  • Green Ease Holdings Limited
    Passive investor
    at least 1.8%
    (filed with 2 related holders)
    Since 2 January 2025
  • Yinan Hu
    Passive investor
    Sold down below 5%
    Since 27 August 2025
    What they said

    The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such…

    Read the filing
  • Moonlit Group Ltd
    Passive investor
    Sold down below 5%
    Since 28 October 2025
    What they said

    The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such…

    Read the filing
  • Kingsford Resources Limited
    Passive investor
    Sold down below 5%
    Since 2 January 2025
  • Sea Synergy Limited
    Passive investor
    Sold down below 5%
    Since 13 October 2025
    What they said

    Item 4 of this Schedule 13D is hereby amended and supplemented to add the following: Yinan Hu, through his wholly-owned subsidiary, disposed of his interest in Sea Synergy, and in turn, such number of Class A Ordinary Shares of the Issuer, for personal investment purposes.…

    Read the filing
  • Worldwide Success Group Limited
    Passive investor
    Sold down below 5%
    Since 4 October 2024
  • YF Management Company Limited
    Passive investor
    Sold down below 5%
    Since 31 March 2026
  • Equality Group Ltd.
    Passive investor
    Sold down below 5%
    Since 28 October 2025
    What they said

    The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such…

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

We have no insider filings for this company yet.

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Maase doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have shrunk: 1.8% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.