MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
21.38 USD
+0.1 (+0.47%)
21.38 USD
0 (0%)
Taking everything into account, MNSO scores 6 out of 10 in our fundamental rating. 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 not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, MNSO could be worth investigating further 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.
The Return On Invested Capital of MNSO (13.11%) is better than 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MNSO is above the industry average of 10.43%.
| 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 90.00% of the companies in the same industry.
Looking at the Operating Margin, with a value of 18.18%, MNSO belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
In the last couple of years the Operating Margin of MNSO has grown nicely.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MNSO is creating value.
MNSO has less shares outstanding than it did 1 year ago.
MNSO has more shares outstanding than it did 5 years ago.
MNSO has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.50 indicates that MNSO is not in any danger for bankruptcy at the moment.
MNSO's Altman-Z score of 3.50 is fine compared to the rest 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.
The Debt to FCF ratio of MNSO (10.42) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.72 indicates that MNSO is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, MNSO is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.5 |
ROIC/WACC1.76
WACC7.47%
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.
The Current ratio of MNSO (1.92) is better than 66.67% of its industry peers.
MNSO has a Quick Ratio of 1.50. This is a normal value and indicates that MNSO is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MNSO (1.50) is better than 73.33% 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 19.63%, 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
MNSO shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.03%.
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)19.63%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%11.11%
Revenue 1Y (TTM)21.03%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%23.07%
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.
The Revenue is expected to grow by 19.77% on average over the next years. This is quite good.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 rather expensively with a Price/Earnings ratio of 17.10.
Based on the Price/Earnings ratio, MNSO is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.89. MNSO is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.75, which indicates a correct valuation of MNSO.
Based on the Price/Forward Earnings ratio, MNSO is valued a bit cheaper than 76.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. MNSO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
63.33% of the companies in the same industry are more expensive than MNSO, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as MNSO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.43 | ||
| EV/EBITDA | 11.56 |
4.3 Compensation for Growth
The decent 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 15.00% in the coming years.
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 2.94%.
MNSO's Dividend Yield is rather good when compared to the industry average which is at 13.33. MNSO pays more dividend than 86.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, MNSO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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 2Y11.9%
EPS Next 3Y15%
21.38
+0.1 (+0.47%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners15.16%
Inst Owner Change-0.09%
Ins Owners63.54%
Ins Owner ChangeN/A
Market Cap6.51B
Revenue(TTM)18.63B
Net Income(TTM)2.35B
Analysts85.83
Price Target22.7 (6.17%)
Short Float %2.81%
Short Ratio2.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
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)-4.77%
PT rev (3m)16.96%
EPS NQ rev (1m)4.07%
EPS NQ rev (3m)16.82%
EPS NY rev (1m)-3.29%
EPS NY rev (3m)-13.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.2%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)2.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 13.75 | ||
| P/S | 2.48 | ||
| P/FCF | 46.43 | ||
| P/OCF | 24.44 | ||
| P/B | 4.25 | ||
| P/tB | 4.27 | ||
| EV/EBITDA | 11.56 |
EPS(TTM)1.25
EY5.85%
EPS(NY)1.55
Fwd EY7.27%
FCF(TTM)0.46
FCFY2.15%
OCF(TTM)0.87
OCFY4.09%
SpS8.63
BVpS5.03
TBVpS5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.89
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 | 3.5 |
F-Score4
WACC7.47%
ROIC/WACC1.76
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)19.63%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%11.11%
EPS Next Y-0.79%
EPS Next 2Y11.9%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue 1Y (TTM)21.03%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%23.07%
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 6 / 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 7 / 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.