MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
USA - NYSE:MNSO - US66981J1025 - ADR
22.11 USD
+0.13 (+0.59%)
22.4995 USD
+0.39 (+1.76%)
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 scores excellent on profitability, but there are some minor concerns on its financial health. MNSO is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make MNSO a good candidate 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
The Return On Assets of MNSO (8.83%) is better than 83.33% of its industry peers.
MNSO's Return On Equity of 21.69% is amongst the best of the industry. MNSO outperforms 86.67% of its industry peers.
MNSO's Return On Invested Capital of 13.11% is fine compared to the rest of the industry. MNSO outperforms 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 10.42%.
| 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.
MNSO has a better Gross Margin (45.12%) 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
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.
2.2 Solvency
An Altman-Z score of 3.57 indicates that MNSO is not in any danger for bankruptcy at the moment.
The Altman-Z score of MNSO (3.57) is comparable to the rest of the industry.
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.
With a Debt to FCF ratio value of 10.42, MNSO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
MNSO has a Debt/Equity ratio of 0.72. This is a neutral value indicating MNSO is somewhat dependend on debt financing.
MNSO has a Debt to Equity ratio of 0.72. This is in the lower half of the industry: MNSO underperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 3.57 |
ROIC/WACC1.76
WACC7.45%
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 fine compared to the rest of the industry. MNSO outperforms 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.
The Quick ratio of MNSO (1.50) is better than 70.00% of its industry peers.
| 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.
Measured over the past years, MNSO shows a very strong growth in Earnings Per Share. The EPS has been growing by 73.74% on average per year.
Looking at the last year, MNSO shows a very strong growth in Revenue. The Revenue has grown by 21.03%.
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
The Earnings Per Share is expected to grow by 15.60% 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 19.50% 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
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
MNSO is valuated rather expensively with a Price/Earnings ratio of 17.69.
MNSO's Price/Earnings ratio is a bit cheaper when compared to the industry. MNSO is cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.91. MNSO is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 13.97 indicates a correct valuation of MNSO.
MNSO's Price/Forward Earnings ratio is rather cheap when compared to the industry. MNSO is cheaper than 83.33% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MNSO to the average of the S&P500 Index (22.92), we can say MNSO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.69 | ||
| Fwd PE | 13.97 |
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 73.33% 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 | 48.21 | ||
| EV/EBITDA | 11.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MNSO does not grow enough to justify the current Price/Earnings ratio.
MNSO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as MNSO's earnings are expected to grow with 15.60% in the coming years.
PEG (NY)5.87
PEG (5Y)N/A
EPS Next 2Y13.12%
EPS Next 3Y15.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.82%, MNSO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 9.37, MNSO pays a better dividend. On top of this MNSO pays more dividend than 90.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, MNSO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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%
22.11
+0.13 (+0.59%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners15.16%
Inst Owner Change0%
Ins Owners63.54%
Ins Owner ChangeN/A
Market Cap6.73B
Revenue(TTM)18.63B
Net Income(TTM)2.35B
Analysts85.83
Price Target23.83 (7.78%)
Short Float %3.27%
Short Ratio3.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
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)-9.25%
PT rev (3m)22.66%
EPS NQ rev (1m)4.07%
EPS NQ rev (3m)16.98%
EPS NY rev (1m)2.16%
EPS NY rev (3m)-10.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.09%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.69 | ||
| Fwd PE | 13.97 | ||
| P/S | 2.57 | ||
| P/FCF | 48.21 | ||
| P/OCF | 25.38 | ||
| P/B | 4.42 | ||
| P/tB | 4.44 | ||
| EV/EBITDA | 11.96 |
EPS(TTM)1.25
EY5.65%
EPS(NY)1.58
Fwd EY7.16%
FCF(TTM)0.46
FCFY2.07%
OCF(TTM)0.87
OCFY3.94%
SpS8.59
BVpS5.01
TBVpS4.98
PEG (NY)5.87
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 | 3.57 |
F-Score4
WACC7.45%
ROIC/WACC1.76
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.