MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MNSO - US66981J1025 - ADR
19.28 USD
-0.35 (-1.78%)
19.28 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to MNSO. MNSO was compared to 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make MNSO suitable for growth investing!
1. Profitability
1.1 Basic Checks
MNSO had positive earnings in the past year.
MNSO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MNSO reported negative net income in multiple years.
Each year in the past 5 years MNSO had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 8.83%, MNSO belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
MNSO has a Return On Equity of 21.69%. This is amongst the best in the industry. MNSO outperforms 86.67% of its industry peers.
With an excellent Return On Invested Capital value of 13.11%, MNSO belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MNSO is significantly above the industry average of 9.29%.
| 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
MNSO has a better Profit Margin (12.63%) than 93.33% of its industry peers.
MNSO's Operating Margin of 18.18% is amongst the best of the industry. MNSO outperforms 93.33% of its industry peers.
MNSO's Operating Margin has improved in the last couple of years.
MNSO has a Gross Margin of 45.12%. This is in the better half of the industry: MNSO outperforms 63.33% of its industry peers.
MNSO's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MNSO is creating value.
Compared to 1 year ago, MNSO has less shares outstanding
The number of shares outstanding for MNSO has been increased compared to 5 years ago.
MNSO has a worse debt/assets ratio than last year.
2.2 Solvency
MNSO has an Altman-Z score of 3.32. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
MNSO has a Altman-Z score of 3.32. This is in the better half of the industry: MNSO outperforms 66.67% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 10.42, MNSO is in line with its industry, outperforming 46.67% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that MNSO is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.72, MNSO is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.32 |
ROIC/WACC1.74
WACC7.55%
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.
With a decent Current ratio value of 1.92, MNSO is doing good in the industry, outperforming 63.33% of the companies in the same industry.
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.
MNSO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 73.72% yearly.
Looking at the last year, MNSO shows a very strong growth in Revenue. The Revenue has grown by 23.44%.
Measured over the past years, MNSO shows a quite strong growth in Revenue. The Revenue has been growing by 12.59% on average per year.
EPS 1Y (TTM)13.01%
EPS 3Y73.72%
EPS 5YN/A
EPS Q2Q%12.73%
Revenue 1Y (TTM)23.44%
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 13.91% on average per year.
The Revenue is expected to grow by 19.73% on average over the next years. This is quite good.
EPS Next Y-6.88%
EPS Next 2Y9.95%
EPS Next 3Y13.91%
EPS Next 5YN/A
Revenue Next Year23.7%
Revenue Next 2Y21.48%
Revenue Next 3Y19.73%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MNSO is valuated correctly with a Price/Earnings ratio of 14.72.
Based on the Price/Earnings ratio, MNSO is valued cheaper than 83.33% of the companies in the same industry.
When comparing the Price/Earnings ratio of MNSO to the average of the S&P500 Index (26.84), we can say MNSO is valued slightly cheaper.
A Price/Forward Earnings ratio of 12.69 indicates a correct valuation of MNSO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MNSO indicates a somewhat cheap valuation: MNSO is cheaper than 80.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.40. MNSO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 12.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MNSO is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
MNSO's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.34 | ||
| EV/EBITDA | 10.4 |
4.3 Compensation for Growth
The excellent profitability rating of MNSO may justify a higher PE ratio.
A more expensive valuation may be justified as MNSO's earnings are expected to grow with 13.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.95%
EPS Next 3Y13.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.22%, MNSO has a reasonable but not impressive dividend return.
MNSO's Dividend Yield is rather good when compared to the industry average which is at 2.32. MNSO pays more dividend than 90.00% of the companies in the same industry.
MNSO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
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
MNSO pays out 56.42% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP56.42%
EPS Next 2Y9.95%
EPS Next 3Y13.91%
19.28
-0.35 (-1.78%)
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 Cap5.87B
Revenue(TTM)19.90B
Net Income(TTM)2.35B
Analysts85.6
Price Target21.63 (12.19%)
Short Float %2.56%
Short Ratio3.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.22% |
Yearly Dividend0.57
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)-7.37%
PT rev (3m)-17.65%
EPS NQ rev (1m)-0.04%
EPS NQ rev (3m)4.03%
EPS NY rev (1m)-6.17%
EPS NY rev (3m)-9.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 12.69 | ||
| P/S | 2.21 | ||
| P/FCF | 41.34 | ||
| P/OCF | 21.76 | ||
| P/B | 3.79 | ||
| P/tB | 3.81 | ||
| EV/EBITDA | 10.4 |
EPS(TTM)1.31
EY6.79%
EPS(NY)1.52
Fwd EY7.88%
FCF(TTM)0.47
FCFY2.42%
OCF(TTM)0.89
OCFY4.6%
SpS8.74
BVpS5.09
TBVpS5.07
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.25
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 | 3.32 |
F-Score4
WACC7.55%
ROIC/WACC1.74
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 3Y73.72%
EPS 5YN/A
EPS Q2Q%12.73%
EPS Next Y-6.88%
EPS Next 2Y9.95%
EPS Next 3Y13.91%
EPS Next 5YN/A
Revenue 1Y (TTM)23.44%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
Revenue Next Year23.7%
Revenue Next 2Y21.48%
Revenue Next 3Y19.73%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y99.85%
EBIT growth 5Y25.86%
EBIT Next Year20.86%
EBIT Next 3Y22.15%
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 -6.88% in the next year.