MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MNSO - US66981J1025 - ADR
19.87 USD
+0.31 (+1.58%)
19.87 USD
0 (0%)
MNSO gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. While MNSO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MNSO is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes MNSO very considerable for growth investing!
1. Profitability
1.1 Basic Checks
MNSO had positive earnings in the past year.
In the past year MNSO had a positive cash flow from operations.
In multiple years MNSO reported negative net income over the last 5 years.
In the past 5 years MNSO always reported a positive cash flow from operatings.
1.2 Ratios
MNSO has a Return On Assets of 8.83%. This is amongst the best in the industry. MNSO outperforms 83.33% of its industry peers.
MNSO has a better Return On Equity (21.69%) than 86.67% of its industry peers.
MNSO has a Return On Invested Capital of 13.11%. This is amongst the best in the industry. MNSO outperforms 83.33% of its industry peers.
MNSO had an Average Return On Invested Capital over the past 3 years of 15.21%. This is significantly above the industry average of 9.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 21.69% | ||
| ROIC | 13.11% |
ROA(3y)11.09%
ROA(5y)3.11%
ROE(3y)18.11%
ROE(5y)N/A
ROIC(3y)15.21%
ROIC(5y)14.47%
1.3 Margins
With an excellent Profit Margin value of 12.63%, MNSO belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
MNSO has a better Operating Margin (18.18%) than 93.33% of its industry peers.
MNSO's Operating Margin has improved in the last couple of years.
MNSO has a better Gross Margin (45.12%) than 63.33% of its industry peers.
In the last couple of years the Gross Margin of MNSO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.18% | ||
| PM (TTM) | 12.63% | ||
| GM | 45.12% |
OM growth 3Y62.12%
OM growth 5Y11.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y18.81%
GM growth 5Y10.95%
2. Health
2.1 Basic Checks
MNSO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MNSO has been reduced compared to 1 year ago.
Compared to 5 years ago, MNSO has more shares outstanding
Compared to 1 year ago, MNSO has a worse debt to assets ratio.
2.2 Solvency
MNSO has an Altman-Z score of 3.38. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.38, MNSO is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of MNSO is 10.42, which is on the high side as it means it would take MNSO, 10.42 years of fcf income to pay off all of its debts.
MNSO has a Debt to FCF ratio (10.42) which is in line with its industry peers.
MNSO has a Debt/Equity ratio of 0.72. This is a neutral value indicating MNSO is somewhat dependend on debt financing.
The Debt to Equity ratio of MNSO (0.72) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.38 |
ROIC/WACC1.75
WACC7.5%
2.3 Liquidity
MNSO has a Current Ratio of 1.92. This is a normal value and indicates that MNSO is financially healthy and should not expect problems in meeting its short term obligations.
MNSO's Current ratio of 1.92 is in line compared to the rest of the industry. MNSO outperforms 60.00% of its industry peers.
A Quick Ratio of 1.50 indicates that MNSO should not have too much problems paying its short term obligations.
MNSO has a better Quick ratio (1.50) than 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
MNSO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.01%, which is quite good.
The Earnings Per Share has been growing by 73.74% on average over the past years. This is a very strong growth
The Revenue has grown by 48.12% in the past year. This is a very strong growth!
MNSO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.59% yearly.
EPS 1Y (TTM)13.01%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%12.73%
Revenue 1Y (TTM)48.12%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
3.2 Future
Based on estimates for the next years, MNSO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.00% on average per year.
Based on estimates for the next years, MNSO will show a quite strong growth in Revenue. The Revenue will grow by 19.77% on average per year.
EPS Next Y-0.79%
EPS Next 2Y11.9%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue Next Year23.85%
Revenue Next 2Y21.46%
Revenue Next 3Y19.77%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MNSO is valuated correctly with a Price/Earnings ratio of 15.40.
MNSO's Price/Earnings ratio is rather cheap when compared to the industry. MNSO is cheaper than 86.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, MNSO is valued a bit cheaper.
MNSO is valuated correctly with a Price/Forward Earnings ratio of 12.74.
80.00% of the companies in the same industry are more expensive than MNSO, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MNSO to the average of the S&P500 Index (36.59), we can say MNSO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 12.74 |
4.2 Price Multiples
MNSO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MNSO is cheaper than 70.00% of the companies in the same industry.
MNSO's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.02 | ||
| EV/EBITDA | 10.8 |
4.3 Compensation for Growth
The excellent profitability rating of MNSO may justify a higher PE ratio.
MNSO's earnings are expected to grow with 15.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.9%
EPS Next 3Y15%
5. Dividend
5.1 Amount
MNSO has a Yearly Dividend Yield of 3.06%.
In the last 3 months the price of MNSO has falen by -20.04%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 14.97, MNSO pays a better dividend. On top of this MNSO pays more dividend than 90.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, MNSO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
5.2 History
MNSO has been paying a dividend for over 5 years, so it has already some track record.
MNSO has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
56.42% of the earnings are spent on dividend by MNSO. This is a bit on the high side, but may be sustainable.
DP56.42%
EPS Next 2Y11.9%
EPS Next 3Y15%
19.87
+0.31 (+1.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners15.16%
Inst Owner Change8.56%
Ins Owners63.54%
Ins Owner ChangeN/A
Market Cap6.05B
Revenue(TTM)16.99B
Net Income(TTM)2.35B
Analysts85.83
Price Target23.35 (17.51%)
Short Float %2.37%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
Yearly Dividend0.56
Dividend Growth(5Y)N/A
DP56.42%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.45%
Min EPS beat(2)2.4%
Max EPS beat(2)52.51%
EPS beat(4)3
Avg EPS beat(4)13.25%
Min EPS beat(4)-5.58%
Max EPS beat(4)52.51%
EPS beat(8)6
Avg EPS beat(8)6.97%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.49%
Min Revenue beat(2)-1.53%
Max Revenue beat(2)0.55%
Revenue beat(4)1
Avg Revenue beat(4)-2.21%
Min Revenue beat(4)-5%
Max Revenue beat(4)0.55%
Revenue beat(8)3
Avg Revenue beat(8)-1.23%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.04%
PT rev (3m)8.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.78%
EPS NY rev (1m)-3.7%
EPS NY rev (3m)-1.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.2%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)2.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 12.74 | ||
| P/S | 2.3 | ||
| P/FCF | 43.02 | ||
| P/OCF | 22.65 | ||
| P/B | 3.94 | ||
| P/tB | 3.96 | ||
| EV/EBITDA | 10.8 |
EPS(TTM)1.29
EY6.49%
EPS(NY)1.56
Fwd EY7.85%
FCF(TTM)0.46
FCFY2.32%
OCF(TTM)0.88
OCFY4.42%
SpS8.65
BVpS5.04
TBVpS5.02
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 21.69% | ||
| ROCE | 16.91% | ||
| ROIC | 13.11% | ||
| ROICexc | 20.89% | ||
| ROICexgc | 20.98% | ||
| OM | 18.18% | ||
| PM (TTM) | 12.63% | ||
| GM | 45.12% | ||
| FCFM | 5.34% |
ROA(3y)11.09%
ROA(5y)3.11%
ROE(3y)18.11%
ROE(5y)N/A
ROIC(3y)15.21%
ROIC(5y)14.47%
ROICexc(3y)50.75%
ROICexc(5y)N/A
ROICexgc(3y)51.79%
ROICexgc(5y)N/A
ROCE(3y)19.61%
ROCE(5y)18.67%
ROICexgc growth 3YN/A
ROICexgc growth 5Y-56.57%
ROICexc growth 3YN/A
ROICexc growth 5Y-46.7%
OM growth 3Y62.12%
OM growth 5Y11.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y18.81%
GM growth 5Y10.95%
F-Score4
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Debt/EBITDA | 1.85 | ||
| Cap/Depr | 110.61% | ||
| Cap/Sales | 4.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 45.02% | ||
| Profit Quality | 42.25% | ||
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 3.38 |
F-Score4
WACC7.5%
ROIC/WACC1.75
Cap/Depr(3y)71.07%
Cap/Depr(5y)N/A
Cap/Sales(3y)2.96%
Cap/Sales(5y)2.3%
Profit Quality(3y)104.32%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.01%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%12.73%
EPS Next Y-0.79%
EPS Next 2Y11.9%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue 1Y (TTM)48.12%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
Revenue Next Year23.85%
Revenue Next 2Y21.46%
Revenue Next 3Y19.77%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y99.85%
EBIT growth 5Y25.86%
EBIT Next Year24.93%
EBIT Next 3Y22.47%
EBIT Next 5YN/A
FCF growth 1Y-5.77%
FCF growth 3Y24.07%
FCF growth 5Y8.79%
OCF growth 1Y30.15%
OCF growth 3Y33.26%
OCF growth 5Y15.86%
MINISO GROUP HOLDING LTD-ADR / MNSO FAQ
What is the ChartMill fundamental rating of MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
ChartMill assigns a fundamental rating of 7 / 10 to MNSO.
What is the valuation status for MNSO stock?
ChartMill assigns a valuation rating of 5 / 10 to MINISO GROUP HOLDING LTD-ADR (MNSO). This can be considered as Fairly Valued.
What is the profitability of MNSO stock?
MINISO GROUP HOLDING LTD-ADR (MNSO) has a profitability rating of 8 / 10.
Can you provide the financial health for MNSO stock?
The financial health rating of MINISO GROUP HOLDING LTD-ADR (MNSO) is 5 / 10.
What is the earnings growth outlook for MINISO GROUP HOLDING LTD-ADR?
The Earnings per Share (EPS) of MINISO GROUP HOLDING LTD-ADR (MNSO) is expected to decline by -0.79% in the next year.