MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MNSO - US66981J1025 - ADR
19.56 USD
+0.34 (+1.77%)
19.62 USD
+0.06 (+0.31%)
Overall MNSO gets a fundamental rating of 7 out of 10. We evaluated MNSO 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 not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, MNSO could be worth investigating further for 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.
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 Return On Assets of 8.83%. This is amongst the best in the industry. MNSO outperforms 83.33% of its industry peers.
The Return On Equity of MNSO (21.69%) is better than 86.67% of its industry peers.
MNSO has a Return On Invested Capital of 13.11%. This is amongst the best in the industry. MNSO outperforms 83.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MNSO is significantly above the industry average of 9.45%.
| 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 better Operating Margin (18.18%) than 93.33% of its industry peers.
MNSO's Operating Margin has improved in the last couple of years.
The Gross Margin of MNSO (45.12%) is better than 63.33% of its industry peers.
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
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.
MNSO has a worse debt/assets ratio than last year.
2.2 Solvency
MNSO has an Altman-Z score of 3.36. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
MNSO's Altman-Z score of 3.36 is fine compared to the rest of the industry. MNSO outperforms 66.67% of its industry peers.
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 (10.42) which is comparable to the rest of the industry.
MNSO has a Debt/Equity ratio of 0.72. This is a neutral value indicating MNSO is somewhat dependend on debt financing.
The Debt to Equity ratio of MNSO (0.72) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.36 |
ROIC/WACC1.75
WACC7.51%
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.
MNSO's Current ratio of 1.92 is in line compared to the rest of the industry. MNSO outperforms 60.00% 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.
Looking at the Quick ratio, with a value of 1.50, MNSO is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
| 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 13.01%, 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 48.12%.
MNSO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.59% yearly.
EPS 1Y (TTM)13.01%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%12.73%
Revenue 1Y (TTM)48.12%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
3.2 Future
The Earnings Per Share is expected to grow by 15.00% 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 19.77% on average per year.
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
With a Price/Earnings ratio of 15.16, MNSO is valued correctly.
Based on the Price/Earnings ratio, MNSO is valued cheaper than 86.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.15. MNSO is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.56, the valuation of MNSO can be described as correct.
Based on the Price/Forward Earnings ratio, MNSO is valued a bit cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.12. MNSO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | 12.56 |
4.2 Price Multiples
73.33% of the companies in the same industry are more expensive than MNSO, based on the Enterprise Value to EBITDA ratio.
MNSO's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.4 | ||
| EV/EBITDA | 10.66 |
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 15.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.9%
EPS Next 3Y15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.14%, MNSO has a reasonable but not impressive dividend return.
In the last 3 months the price of MNSO has falen by -21.29%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 13.52, MNSO pays a better dividend. On top of this MNSO pays more dividend than 90.00% of the companies listed in the same industry.
MNSO's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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%
19.56
+0.34 (+1.77%)
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 Cap5.95B
Revenue(TTM)16.99B
Net Income(TTM)2.35B
Analysts85.83
Price Target23.35 (19.38%)
Short Float %2.37%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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)-2.04%
PT rev (3m)8.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.78%
EPS NY rev (1m)-3.7%
EPS NY rev (3m)-13.88%
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 | 15.16 | ||
| Fwd PE | 12.56 | ||
| P/S | 2.26 | ||
| P/FCF | 42.4 | ||
| P/OCF | 22.32 | ||
| P/B | 3.88 | ||
| P/tB | 3.9 | ||
| EV/EBITDA | 10.66 |
EPS(TTM)1.29
EY6.6%
EPS(NY)1.56
Fwd EY7.96%
FCF(TTM)0.46
FCFY2.36%
OCF(TTM)0.88
OCFY4.48%
SpS8.64
BVpS5.04
TBVpS5.01
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.09
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 | 3.36 |
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)13.01%
EPS 3Y73.74%
EPS 5YN/A
EPS Q2Q%12.73%
EPS Next Y-0.79%
EPS Next 2Y11.9%
EPS Next 3Y15%
EPS Next 5YN/A
Revenue 1Y (TTM)48.12%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
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 7 / 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.