MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MNSO • US66981J1025

18.91 USD
-0.13 (-0.68%)
Last: Feb 6, 2026, 01:16 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to MNSO. 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 growing strongly while it is still valued neutral. This is a good combination! With these ratings, MNSO could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

8

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.
  • 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 has a better Return On Assets (8.83%) than 83.33% of its industry peers.
  • With an excellent Return On Equity value of 21.69%, MNSO belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • MNSO's Return On Invested Capital of 13.11% is amongst the best of the industry. MNSO outperforms 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 9.28%.
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

  • Looking at the Profit Margin, with a value of 12.63%, MNSO belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 18.18%, MNSO belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MNSO has grown nicely.
  • MNSO has a better Gross Margin (45.12%) than 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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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

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
  • The debt/assets ratio for MNSO is higher compared to a year ago.
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

  • An Altman-Z score of 3.28 indicates that MNSO is not in any danger for bankruptcy at the moment.
  • MNSO has a better Altman-Z score (3.28) than 70.00% 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.
  • 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 3.28
ROIC/WACC1.74
WACC7.52%
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.
  • Looking at the Current ratio, with a value of 1.92, MNSO is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
  • 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 Quick ratio of 1.50. This is in the better half of the industry: MNSO outperforms 63.33% 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. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 13.01% over the past year.
  • Measured over the past years, MNSO shows a very strong growth in Earnings Per Share. The EPS has been growing by 73.91% on average per year.
  • MNSO shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.44%.
  • 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)13.01%
EPS 3Y73.91%
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

  • Based on estimates for the next years, MNSO will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.91% 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 19.73% on average per year.
EPS Next Y-8.55%
EPS Next 2Y9.95%
EPS Next 3Y13.91%
EPS Next 5YN/A
Revenue Next Year23.7%
Revenue Next 2Y21.48%
Revenue Next 3Y19.73%
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.
  • 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.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.33, MNSO is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of MNSO indicates a rather cheap valuation: MNSO is cheaper than 83.33% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, MNSO is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 12.28 indicates a correct valuation of MNSO.
  • Based on the Price/Forward Earnings ratio, MNSO is valued a bit cheaper than 76.67% of the companies in the same industry.
  • MNSO is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.33
Fwd PE 12.28
MNSO Price Earnings VS Forward Price EarningsMNSO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • MNSO's Enterprise Value to EBITDA 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/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 40.02
EV/EBITDA 10.16
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.
  • A more expensive valuation may be justified as MNSO's earnings are expected to grow with 13.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.95%
EPS Next 3Y13.91%

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

5

5. Dividend

5.1 Amount

  • MNSO has a Yearly Dividend Yield of 3.17%.
  • Compared to an average industry Dividend Yield of 2.38, 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 rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.17%

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 2Y9.95%
EPS Next 3Y13.91%
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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MINISO GROUP HOLDING LTD-ADR

NYSE:MNSO (2/6/2026, 1:16:02 PM)

18.91

-0.13 (-0.68%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)11-21
Earnings (Next)03-21
Inst Owners15.28%
Inst Owner Change-1.31%
Ins Owners48.09%
Ins Owner ChangeN/A
Market Cap5.73B
Revenue(TTM)19.90B
Net Income(TTM)2.35B
Analysts85.6
Price Target21.63 (14.38%)
Short Float %2.42%
Short Ratio4.63
Dividend
Industry RankSector Rank
Dividend Yield 3.17%
Yearly Dividend0.57
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)0%
PT rev (3m)-9.26%
EPS NQ rev (1m)0.29%
EPS NQ rev (3m)0.29%
EPS NY rev (1m)-1.47%
EPS NY rev (3m)-10.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.21%
Valuation
Industry RankSector Rank
PE 14.33
Fwd PE 12.28
P/S 2.14
P/FCF 40.02
P/OCF 21.07
P/B 3.67
P/tB 3.69
EV/EBITDA 10.16
EPS(TTM)1.32
EY6.98%
EPS(NY)1.54
Fwd EY8.14%
FCF(TTM)0.47
FCFY2.5%
OCF(TTM)0.9
OCFY4.75%
SpS8.85
BVpS5.16
TBVpS5.13
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.38
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 3.28
F-Score4
WACC7.52%
ROIC/WACC1.74
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 3Y73.91%
EPS 5YN/A
EPS Q2Q%12.73%
EPS Next Y-8.55%
EPS Next 2Y9.95%
EPS Next 3Y13.91%
EPS Next 5YN/A
Revenue 1Y (TTM)23.44%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%28.17%
Revenue Next Year23.7%
Revenue Next 2Y21.48%
Revenue Next 3Y19.73%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y99.85%
EBIT growth 5Y25.86%
EBIT Next Year20.86%
EBIT Next 3Y22.15%
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.


Can you provide the valuation status for MINISO GROUP HOLDING LTD-ADR?

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.


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 -8.55% in the next year.