MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
19.59 USD
-0.99 (-4.81%)
19.6 USD
+0.01 (+0.05%)
MNSO gets a fundamental rating of 6 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! These ratings could make MNSO a good candidate 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.
In the past 5 years MNSO always reported a positive cash flow from operatings.
1.2 Ratios
MNSO has a better Return On Assets (8.83%) than 83.33% of its industry peers.
Looking at the Return On Equity, with a value of 21.69%, MNSO belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
MNSO has a Return On Invested Capital of 13.11%. This is in the better half of the industry: MNSO outperforms 80.00% 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 10.17%.
| 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 90.00% of its industry peers.
MNSO has a better Operating Margin (18.18%) than 93.33% of its industry peers.
In the last couple of years the Operating Margin of MNSO has grown nicely.
Looking at the Gross Margin, with a value of 45.12%, MNSO is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
In the last couple of years the Gross Margin of MNSO has grown nicely.
| 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
MNSO has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MNSO is higher compared to a year ago.
2.2 Solvency
MNSO has an Altman-Z score of 3.45. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.45, MNSO is doing good in the industry, outperforming 70.00% of the companies in the same industry.
MNSO has a debt to FCF ratio of 10.42. This is a negative value and a sign of low solvency as MNSO would need 10.42 years to pay back of all of its debts.
MNSO has a Debt to FCF ratio of 10.42. This is comparable to the rest of the industry: MNSO outperforms 43.33% 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.
Looking at the Debt to Equity ratio, with a value of 0.72, MNSO is doing worse than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.45 |
ROIC/WACC1.75
WACC7.51%
2.3 Liquidity
A Current Ratio of 1.92 indicates that MNSO should not have too much problems paying its short term obligations.
MNSO has a better Current ratio (1.92) than 66.67% of its industry peers.
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 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
The Revenue has grown by 21.03% in the past year. This is a very strong growth!
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
MNSO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.00% yearly.
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
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
With a Price/Earnings ratio of 15.67, MNSO is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of MNSO indicates a somewhat cheap valuation: MNSO is cheaper than 70.00% of the companies listed in the same industry.
MNSO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.07.
With a Price/Forward Earnings ratio of 12.63, MNSO is valued correctly.
76.67% of the companies in the same industry are more expensive than MNSO, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.08. MNSO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.67 | ||
| Fwd PE | 12.63 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MNSO indicates a somewhat cheap valuation: MNSO is cheaper than 63.33% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MNSO.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.63 | ||
| EV/EBITDA | 11.22 |
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 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 2.50%. Purely for dividend investing, there may be better candidates out there.
The stock price of MNSO dropped by -26.44% 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 13.24. MNSO pays more dividend than 86.67% of the companies in the same industry.
MNSO's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
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 2Y11.9%
EPS Next 3Y15%
19.59
-0.99 (-4.81%)
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 Cap5.96B
Revenue(TTM)18.63B
Net Income(TTM)2.35B
Analysts85.83
Price Target22.7 (15.88%)
Short Float %2.37%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
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)10.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.82%
EPS NY rev (1m)-3.7%
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 | 15.67 | ||
| Fwd PE | 12.63 | ||
| P/S | 2.28 | ||
| P/FCF | 42.63 | ||
| P/OCF | 22.44 | ||
| P/B | 3.91 | ||
| P/tB | 3.92 | ||
| EV/EBITDA | 11.22 |
EPS(TTM)1.25
EY6.38%
EPS(NY)1.55
Fwd EY7.92%
FCF(TTM)0.46
FCFY2.35%
OCF(TTM)0.87
OCFY4.46%
SpS8.61
BVpS5.02
TBVpS4.99
PEG (NY)N/A
PEG (5Y)N/A
Graham Number11.88
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 | 3.45 |
F-Score4
WACC7.51%
ROIC/WACC1.75
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 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 -0.79% in the next year.