MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
20.68 USD
+0.01 (+0.05%)
20.68 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. MNSO has an excellent profitability rating, but there are some minor concerns on its financial health. MNSO is not overvalued while it is showing excellent growth. This is an interesting 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.
In the past year MNSO had a positive cash flow from operations.
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.
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.
MNSO has a better Return On Invested Capital (13.11%) than 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MNSO is above the industry average of 10.39%.
| 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
The Profit Margin of MNSO (12.63%) is better than 90.00% 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.
With a decent Gross Margin value of 45.12%, MNSO is doing good in the industry, outperforming 63.33% of the companies in the same industry.
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.
Compared to 1 year ago, MNSO has less shares outstanding
MNSO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MNSO has a worse debt to assets ratio.
2.2 Solvency
MNSO has an Altman-Z score of 3.46. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
MNSO's Altman-Z score of 3.46 is fine compared to the rest of the industry. MNSO outperforms 63.33% 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.
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 | 3.46 |
ROIC/WACC1.77
WACC7.41%
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.
With a decent Quick ratio value of 1.50, MNSO is doing good in the industry, outperforming 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.63% over the past year.
MNSO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 73.74% yearly.
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
Based on estimates for the next years, MNSO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.60% on average per year.
Based on estimates for the next years, MNSO will show a quite strong growth in Revenue. The Revenue will grow by 19.50% on average per year.
EPS Next Y3.01%
EPS Next 2Y13.12%
EPS Next 3Y15.6%
EPS Next 5YN/A
Revenue Next Year23.44%
Revenue Next 2Y21.16%
Revenue Next 3Y19.5%
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.
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
Based on the Price/Earnings ratio of 16.54, the valuation of MNSO can be described as correct.
MNSO's Price/Earnings ratio is a bit cheaper when compared to the industry. MNSO is cheaper than 73.33% of the companies in the same industry.
MNSO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.83.
With a Price/Forward Earnings ratio of 13.06, MNSO is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MNSO indicates a somewhat cheap valuation: MNSO is cheaper than 76.67% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.68. MNSO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 13.06 |
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 66.67% of the companies listed in the same industry.
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.06 | ||
| EV/EBITDA | 11.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 15.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.49
PEG (5Y)N/A
EPS Next 2Y13.12%
EPS Next 3Y15.6%
5. Dividend
5.1 Amount
MNSO has a Yearly Dividend Yield of 2.84%. Purely for dividend investing, there may be better candidates out there.
MNSO's Dividend Yield is rather good when compared to the industry average which is at 11.13. MNSO pays more dividend than 90.00% of the companies in the same industry.
MNSO's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
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 2Y13.12%
EPS Next 3Y15.6%
20.68
+0.01 (+0.05%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners15.16%
Inst Owner Change0.16%
Ins Owners63.54%
Ins Owner ChangeN/A
Market Cap6.29B
Revenue(TTM)18.63B
Net Income(TTM)2.35B
Analysts85.83
Price Target23.35 (12.91%)
Short Float %2.81%
Short Ratio2.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
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)-11.1%
PT rev (3m)20.32%
EPS NQ rev (1m)4.07%
EPS NQ rev (3m)16.88%
EPS NY rev (1m)0.42%
EPS NY rev (3m)-10.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.54 | ||
| Fwd PE | 13.06 | ||
| P/S | 2.4 | ||
| P/FCF | 45.06 | ||
| P/OCF | 23.72 | ||
| P/B | 4.13 | ||
| P/tB | 4.15 | ||
| EV/EBITDA | 11.28 |
EPS(TTM)1.25
EY6.04%
EPS(NY)1.58
Fwd EY7.66%
FCF(TTM)0.46
FCFY2.22%
OCF(TTM)0.87
OCFY4.22%
SpS8.6
BVpS5.01
TBVpS4.98
PEG (NY)5.49
PEG (5Y)N/A
Graham Number11.87
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 | 3.46 |
F-Score4
WACC7.41%
ROIC/WACC1.77
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 Y3.01%
EPS Next 2Y13.12%
EPS Next 3Y15.6%
EPS Next 5YN/A
Revenue 1Y (TTM)21.03%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%23.07%
Revenue Next Year23.44%
Revenue Next 2Y21.16%
Revenue Next 3Y19.5%
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 grow by 3.01% in the next year.