MINISO GROUP HOLDING LTD-ADR (MNSO)
US66981J1025 - ADR
Overall MNSO gets a fundamental rating of 7 out of 10. We evaluated MNSO against 32 industry peers in the Broadline Retail industry. While MNSO has a great profitability rating, there are some minor concerns on its financial health. MNSO is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make MNSO suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year MNSO was profitable.
MNSO had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 15.39%, MNSO belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
The Return On Equity of MNSO (24.94%) is better than 78.13% of its industry peers.
Looking at the Return On Invested Capital, with a value of 19.84%, MNSO belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
MNSO had an Average Return On Invested Capital over the past 3 years of 9.40%. This is below the industry average of 11.47%.
The 3 year average ROIC (9.40%) for MNSO is below the current ROIC(19.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.39% | ||
| ROE | 24.94% | ||
| ROIC | 19.84% |
ROA(3y)1.86%
ROA(5y)-0.89%
ROE(3y)2.57%
ROE(5y)N/A
ROIC(3y)9.4%
ROIC(5y)17.46%
1.3 Margins
Looking at the Profit Margin, with a value of 15.71%, MNSO belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
The Operating Margin of MNSO (19.87%) is better than 93.75% of its industry peers.
In the last couple of years the Operating Margin of MNSO has grown nicely.
MNSO has a Gross Margin (43.08%) which is in line with its industry peers.
In the last couple of years the Gross Margin of MNSO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.87% | ||
| PM (TTM) | 15.71% | ||
| GM | 43.08% |
OM growth 3Y31.3%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.36%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MNSO is creating value.
The number of shares outstanding for MNSO has been increased compared to 1 year ago.
Compared to 5 years ago, MNSO has less shares outstanding
MNSO has a worse debt/assets ratio than last year.
2.2 Solvency
MNSO has an Altman-Z score of 6.45. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
MNSO has a better Altman-Z score (6.45) than 90.63% of its industry peers.
The Debt to FCF ratio of MNSO is 5.86, which is a neutral value as it means it would take MNSO, 5.86 years of fcf income to pay off all of its debts.
MNSO has a Debt to FCF ratio (5.86) which is in line with its industry peers.
A Debt/Equity ratio of 0.15 indicates that MNSO is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.15, MNSO is doing good in the industry, outperforming 65.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 5.86 | ||
| Altman-Z | 6.45 |
ROIC/WACC2.66
WACC7.46%
2.3 Liquidity
MNSO has a Current Ratio of 2.38. This indicates that MNSO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.38, MNSO is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
A Quick Ratio of 1.93 indicates that MNSO should not have too much problems paying its short term obligations.
MNSO has a Quick ratio of 1.93. This is in the better half of the industry: MNSO outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.38 | ||
| Quick Ratio | 1.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 178.59% over the past year.
MNSO shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.67%.
The Revenue has been growing by 8.51% on average over the past years. This is quite good.
EPS 1Y (TTM)178.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%387.17%
Revenue 1Y (TTM)22.67%
Revenue growth 3Y8.51%
Revenue growth 5YN/A
Sales Q2Q%26.32%
3.2 Future
The Earnings Per Share is expected to grow by 32.39% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 28.93% on average over the next years. This is a very strong growth
EPS Next Y54.21%
EPS Next 2Y38.03%
EPS Next 3Y32.39%
EPS Next 5YN/A
Revenue Next Year48.13%
Revenue Next 2Y34.23%
Revenue Next 3Y28.93%
Revenue Next 5YN/A
3.3 Evolution
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 reasonably with a Price/Earnings ratio of 9.28.
Based on the Price/Earnings ratio, MNSO is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.96, MNSO is valued rather cheaply.
The Price/Forward Earnings ratio is 11.06, which indicates a very decent valuation of MNSO.
MNSO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MNSO is cheaper than 65.63% of the companies in the same industry.
MNSO is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.28 | ||
| Fwd PE | 11.06 |
4.2 Price Multiples
62.50% of the companies in the same industry are more expensive than MNSO, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MNSO indicates a slightly more expensive valuation: MNSO is more expensive than 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 115.93 | ||
| EV/EBITDA | 10.01 |
4.3 Compensation for Growth
MNSO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MNSO has a very decent profitability rating, which may justify a higher PE ratio.
MNSO's earnings are expected to grow with 32.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y38.03%
EPS Next 3Y32.39%
5. Dividend
5.1 Amount
MNSO has a yearly dividend return of 0.44%, which is pretty low.
Compared to an average industry Dividend Yield of 4.82, MNSO pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.44, MNSO pays less dividend than the S&P500 average, which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
5.2 History
MNSO has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
49.45% of the earnings are spent on dividend by MNSO. This is a bit on the high side, but may be sustainable.
DP49.45%
EPS Next 2Y38.03%
EPS Next 3Y32.39%
MINISO GROUP HOLDING LTD-ADR
NYSE:MNSO (11/21/2024, 8:04:01 PM)
After market: 16.91 -0.08 (-0.47%)16.99
-0.71 (-4.01%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.31B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.28 | ||
| Fwd PE | 11.06 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.17
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.39% | ||
| ROE | 24.94% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 19.87% | ||
| PM (TTM) | 15.71% | ||
| GM | 43.08% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.38 | ||
| Quick Ratio | 1.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)178.59%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y54.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)22.67%
Revenue growth 3Y8.51%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y