MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MNSO - US66981J1025 - ADR
20.43 USD
+0.63 (+3.18%)
20.45 USD
+0.02 (+0.1%)
MNSO gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. MNSO has an excellent profitability rating, but there are some minor concerns on its financial health. MNSO is growing strongly while it is still valued neutral. This is a good combination! This makes MNSO very considerable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year MNSO was profitable.
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 Return On Equity of 21.69%. This is amongst the best in the industry. MNSO outperforms 86.67% of its industry peers.
The Return On Invested Capital of MNSO (13.11%) is better than 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 9.29%.
| 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 Profit Margin of 12.63%. This is amongst the best in the industry. MNSO outperforms 93.33% of its industry peers.
MNSO has a Operating Margin of 18.18%. This is amongst the best in 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 better Gross Margin (45.12%) than 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
Compared to 1 year ago, MNSO has a worse debt to assets ratio.
2.2 Solvency
MNSO has an Altman-Z score of 3.35. 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 3.35, 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.
MNSO's Debt to Equity ratio of 0.72 is on the low side compared to the rest of the industry. MNSO is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.35 |
ROIC/WACC1.73
WACC7.58%
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 Quick ratio of 1.50. This is in the better half of the industry: MNSO outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.01% over the past year.
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%.
The Revenue has been growing by 12.59% on average over the past years. This is quite good.
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.
MNSO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.73% yearly.
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
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 15.60.
83.33% of the companies in the same industry are more expensive than MNSO, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MNSO to the average of the S&P500 Index (27.25), we can say MNSO is valued slightly cheaper.
With a Price/Forward Earnings ratio of 13.40, MNSO is valued correctly.
Based on the Price/Forward Earnings ratio, MNSO is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.98. MNSO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.6 | ||
| Fwd PE | 13.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MNSO is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MNSO is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.65 | ||
| EV/EBITDA | 10.63 |
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 3.16%, MNSO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.24, MNSO pays a better dividend. On top of this MNSO pays more dividend than 93.33% of the companies listed in the same industry.
MNSO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
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 2Y9.95%
EPS Next 3Y13.91%
20.43
+0.63 (+3.18%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners15.28%
Inst Owner Change0.05%
Ins Owners48.09%
Ins Owner ChangeN/A
Market Cap6.22B
Revenue(TTM)19.90B
Net Income(TTM)2.35B
Analysts85.6
Price Target21.63 (5.87%)
Short Float %2.69%
Short Ratio4.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.16% |
Yearly Dividend0.57
Dividend Growth(5Y)N/A
DP56.42%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)-9.26%
EPS NQ rev (1m)-0.04%
EPS NQ rev (3m)4.03%
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-9.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.6 | ||
| Fwd PE | 13.4 | ||
| P/S | 2.33 | ||
| P/FCF | 43.65 | ||
| P/OCF | 22.98 | ||
| P/B | 4 | ||
| P/tB | 4.02 | ||
| EV/EBITDA | 10.63 |
EPS(TTM)1.31
EY6.41%
EPS(NY)1.52
Fwd EY7.46%
FCF(TTM)0.47
FCFY2.29%
OCF(TTM)0.89
OCFY4.35%
SpS8.77
BVpS5.11
TBVpS5.08
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.27
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 | 3.35 |
F-Score4
WACC7.58%
ROIC/WACC1.73
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.
Can you provide the valuation status for MINISO GROUP HOLDING LTD-ADR?
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.
What is the financial health of MINISO GROUP HOLDING LTD-ADR (MNSO) stock?
The financial health rating of MINISO GROUP HOLDING LTD-ADR (MNSO) is 5 / 10.
Can you provide the expected EPS growth for MNSO stock?
The Earnings per Share (EPS) of MINISO GROUP HOLDING LTD-ADR (MNSO) is expected to decline by -6.88% in the next year.