MINISO GROUP HOLDING LTD-ADR (MNSO) Fundamental Analysis & Valuation

NYSE:MNSO • US66981J1025

Current stock price

16.2 USD
+0.85 (+5.54%)
At close:
16.2 USD
0 (0%)
After Hours:

This MNSO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MNSO Profitability Analysis

1.1 Basic Checks

  • In the past year MNSO was profitable.
  • 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.
  • MNSO had a positive operating cash flow in each of the past 5 years.
MNSO Yearly Net Income VS EBIT VS OCF VS FCFMNSO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

1.2 Ratios

  • MNSO's Return On Assets of 8.83% is amongst the best of 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 83.33% of its industry peers.
  • MNSO has a better Return On Invested Capital (13.11%) 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 8.84%.
Industry RankSector 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%
MNSO Yearly ROA, ROE, ROICMNSO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 50 100 150 200

1.3 Margins

  • MNSO's Profit Margin of 12.63% is amongst the best of 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.
  • In the last couple of years the Operating Margin of MNSO has grown nicely.
  • MNSO's Gross Margin of 45.12% is fine compared to the rest of the industry. MNSO outperforms 63.33% of its industry peers.
  • MNSO's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
MNSO Yearly Profit, Operating, Gross MarginsMNSO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 40

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4

2. MNSO Health Analysis

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.
MNSO Yearly Shares OutstandingMNSO Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
MNSO Yearly Total Debt VS Total AssetsMNSO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • MNSO has an Altman-Z score of 2.98. This is not the best score and indicates that MNSO is in the grey zone with still only limited risk for bankruptcy at the moment.
  • MNSO has a better Altman-Z score (2.98) than 70.00% 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.
  • MNSO's Debt to FCF ratio of 10.42 is in line compared to the rest of the industry. MNSO outperforms 46.67% of 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.
  • 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 RankSector Rank
Debt/Equity 0.72
Debt/FCF 10.42
Altman-Z 2.98
ROIC/WACC1.73
WACC7.58%
MNSO Yearly LT Debt VS Equity VS FCFMNSO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 1.92 indicates that MNSO should not have too much problems paying its short term obligations.
  • MNSO's Current ratio of 1.92 is fine compared to the rest of the industry. MNSO outperforms 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.
  • MNSO has a better Quick ratio (1.50) than 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.92
Quick Ratio 1.5
MNSO Yearly Current Assets VS Current LiabilitesMNSO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. MNSO Growth Analysis

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 73.98% yearly.
  • The Revenue has grown by 23.44% in the past year. This is a very strong growth!
  • The Revenue has been growing by 12.59% on average over the past years. This is quite good.
EPS 1Y (TTM)13.01%
EPS 3Y73.98%
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

  • The Earnings Per Share is expected to grow by 13.49% on average over the next years. This is quite good.
  • Based on estimates for the next years, MNSO will show a quite strong growth in Revenue. The Revenue will grow by 19.85% on average per year.
EPS Next Y-8.48%
EPS Next 2Y9.27%
EPS Next 3Y13.49%
EPS Next 5YN/A
Revenue Next Year23.83%
Revenue Next 2Y21.63%
Revenue Next 3Y19.85%
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.
MNSO Yearly Revenue VS EstimatesMNSO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 10B 20B 30B
MNSO Yearly EPS VS EstimatesMNSO Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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6

4. MNSO Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.18, the valuation of MNSO can be described as correct.
  • Based on the Price/Earnings ratio, MNSO is valued cheaper than 83.33% of the companies in the same industry.
  • MNSO is valuated cheaply when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.60, the valuation of MNSO can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, MNSO is valued a bit cheaper than 70.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, MNSO is valued rather cheaply.
Industry RankSector Rank
PE 12.18
Fwd PE 10.6
MNSO Price Earnings VS Forward Price EarningsMNSO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 83.33% 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 is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 34.11
EV/EBITDA 8.27
MNSO Per share dataMNSO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 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 13.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.27%
EPS Next 3Y13.49%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MNSO Dividend Analysis

5.1 Amount

  • MNSO has a Yearly Dividend Yield of 3.80%.
  • The stock price of MNSO dropped by -21.24% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • MNSO's Dividend Yield is rather good when compared to the industry average which is at 0.67. MNSO pays more dividend than 93.33% of the companies in the same industry.
  • MNSO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.8%

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
MNSO Yearly Dividends per shareMNSO Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

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 2Y9.27%
EPS Next 3Y13.49%
MNSO Yearly Income VS Free CF VS DividendMNSO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 2024 0 1B -1B 2B
MNSO Dividend Payout.MNSO Dividend Payout, showing the Payout Ratio.MNSO Dividend Payout.PayoutRetained Earnings

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MNSO Fundamentals: All Metrics, Ratios and Statistics

MINISO GROUP HOLDING LTD-ADR

NYSE:MNSO (3/31/2026, 4:10:04 PM)

After market: 16.2 0 (0%)

16.2

+0.85 (+5.54%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)03-20
Earnings (Next)05-21
Inst Owners14.41%
Inst Owner Change-29.63%
Ins Owners48.09%
Ins Owner Change0%
Market Cap4.91B
Revenue(TTM)19.90B
Net Income(TTM)2.35B
Analysts84.55
Price Target21.38 (31.98%)
Short Float %2.61%
Short Ratio5.03
Dividend
Industry RankSector Rank
Dividend Yield 3.8%
Yearly Dividend0.58
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)2.38%
PT rev (3m)-1.15%
EPS NQ rev (1m)0.4%
EPS NQ rev (3m)0.4%
EPS NY rev (1m)0.08%
EPS NY rev (3m)-1.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.11%
Valuation
Industry RankSector Rank
PE 12.18
Fwd PE 10.6
P/S 1.82
P/FCF 34.11
P/OCF 17.96
P/B 3.13
P/tB 3.14
EV/EBITDA 8.27
EPS(TTM)1.33
EY8.21%
EPS(NY)1.53
Fwd EY9.43%
FCF(TTM)0.47
FCFY2.93%
OCF(TTM)0.9
OCFY5.57%
SpS8.9
BVpS5.18
TBVpS5.16
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.45
Profitability
Industry RankSector 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 RankSector 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 2.98
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 3Y73.98%
EPS 5YN/A
EPS Q2Q%12.73%
EPS Next Y-8.48%
EPS Next 2Y9.27%
EPS Next 3Y13.49%
EPS Next 5YN/A
Revenue 1Y (TTM)23.44%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
Revenue Next Year23.83%
Revenue Next 2Y21.63%
Revenue Next 3Y19.85%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y99.85%
EBIT growth 5Y25.86%
EBIT Next Year21.03%
EBIT Next 3Y22.21%
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 Fundamental Analysis 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 6 / 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 -8.48% in the next year.