MINISO GROUP HOLDING LTD-ADR (MNSO) Stock Fundamental Analysis
NYSE:MNSO - New York Stock Exchange, Inc. - US66981J1025 - ADR - Currency: USD
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 outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MNSO is growing strongly while it also seems undervalued. This is an interesting combination These ratings could make MNSO a good candidate for value and growth and quality 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.
In multiple years MNSO reported negative net income over the last 5 years.
In the past 5 years MNSO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MNSO (14.45%) is better than 93.33% of its industry peers.
Looking at the Return On Equity, with a value of 25.38%, MNSO belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 20.80%, MNSO belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MNSO is above the industry average of 11.34%.
The 3 year average ROIC (15.21%) for MNSO is below the current ROIC(20.80%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.45% | ||
| ROE | 25.38% | ||
| ROIC | 20.8% |
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 (15.40%) is better than 93.33% of its industry peers.
Looking at the Operating Margin, with a value of 19.56%, 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 Gross Margin (44.94%) which is in line with its industry peers.
MNSO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.56% | ||
| PM (TTM) | 15.4% | ||
| GM | 44.94% |
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.
The number of shares outstanding for MNSO has been reduced compared to 1 year ago.
MNSO has more shares outstanding than it did 5 years ago.
MNSO has a worse debt/assets ratio than last year.
2.2 Solvency
MNSO has an Altman-Z score of 5.48. This indicates that MNSO is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MNSO (5.48) is better than 83.33% of its industry peers.
MNSO has a debt to FCF ratio of 2.21. This is a good value and a sign of high solvency as MNSO would need 2.21 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.21, MNSO is doing good in the industry, outperforming 70.00% of the companies in the same industry.
A Debt/Equity ratio of 0.18 indicates that MNSO is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.18, MNSO perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Altman-Z | 5.48 |
ROIC/WACC2.71
WACC7.69%
2.3 Liquidity
A Current Ratio of 2.04 indicates that MNSO has no problem at all paying its short term obligations.
MNSO has a better Current ratio (2.04) than 70.00% of its industry peers.
MNSO has a Quick Ratio of 1.55. 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 1.55. This is in the better half of the industry: MNSO outperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 86.78% 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 73.34% on average per year.
Looking at the last year, MNSO shows a very strong growth in Revenue. The Revenue has grown by 21.15%.
The Revenue has been growing by 12.59% on average over the past years. This is quite good.
EPS 1Y (TTM)86.78%
EPS 3Y73.34%
EPS 5YN/A
EPS Q2Q%167.55%
Revenue 1Y (TTM)21.15%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%15.56%
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 19.54% on average per year.
MNSO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.06% yearly.
EPS Next Y15.65%
EPS Next 2Y19.65%
EPS Next 3Y19.54%
EPS Next 5YN/A
Revenue Next Year22.12%
Revenue Next 2Y20.43%
Revenue Next 3Y19.06%
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
A Price/Earnings ratio of 10.43 indicates a reasonable valuation of MNSO.
83.33% of the companies in the same industry are more expensive than MNSO, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.60, MNSO is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.16, the valuation of MNSO can be described as very reasonable.
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.
MNSO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.43 | ||
| Fwd PE | 10.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MNSO is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
MNSO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.74 | ||
| EV/EBITDA | 7.28 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MNSO has an outstanding profitability rating, which may justify a higher PE ratio.
MNSO's earnings are expected to grow with 19.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y19.65%
EPS Next 3Y19.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.21%, MNSO has a reasonable but not impressive dividend return.
MNSO's Dividend Yield is rather good when compared to the industry average which is at 9.86. MNSO pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, MNSO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.21% |
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
47.53% of the earnings are spent on dividend by MNSO. This is a bit on the high side, but may be sustainable.
DP47.53%
EPS Next 2Y19.65%
EPS Next 3Y19.54%
NYSE:MNSO (6/13/2025, 10:54:02 AM)
17.73
-0.63 (-3.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)
Earnings (Next)
Inst Owners10.05%
Inst Owner Change-10.07%
Ins Owners62.7%
Ins Owner ChangeN/A
Market Cap5.43B
Analysts83.85
Price Target18.5 (4.34%)
Short Float %7.57%
Short Ratio4.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.21% |
Yearly Dividend0.55
Dividend Growth(5Y)N/A
DP47.53%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.94%
Min EPS beat(2)-5.58%
Max EPS beat(2)3.7%
EPS beat(4)2
Avg EPS beat(4)-11.71%
Min EPS beat(4)-56.08%
Max EPS beat(4)11.11%
EPS beat(8)6
Avg EPS beat(8)13.71%
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)0
Avg Revenue beat(2)-3.94%
Min Revenue beat(2)-5%
Max Revenue beat(2)-2.87%
Revenue beat(4)0
Avg Revenue beat(4)-2.6%
Min Revenue beat(4)-5%
Max Revenue beat(4)-0.86%
Revenue beat(8)4
Avg Revenue beat(8)3.45%
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)-1.07%
PT rev (3m)-18.4%
EPS NQ rev (1m)-1.66%
EPS NQ rev (3m)-18.71%
EPS NY rev (1m)-1.66%
EPS NY rev (3m)-7.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.43 | ||
| Fwd PE | 10.16 | ||
| P/S | 2.29 | ||
| P/FCF | 27.74 | ||
| P/OCF | 17.98 | ||
| P/B | 3.78 | ||
| P/tB | 3.79 | ||
| EV/EBITDA | 7.28 |
EPS(TTM)1.7
EY9.59%
EPS(NY)1.75
Fwd EY9.85%
FCF(TTM)0.64
FCFY3.61%
OCF(TTM)0.99
OCFY5.56%
SpS7.73
BVpS4.69
TBVpS4.68
PEG (NY)0.67
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.45% | ||
| ROE | 25.38% | ||
| ROCE | 26.83% | ||
| ROIC | 20.8% | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 19.56% | ||
| PM (TTM) | 15.4% | ||
| GM | 44.94% | ||
| FCFM | 8.27% |
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%
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 2.21 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | 94.29% | ||
| Cap/Sales | 4.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 52.46% | ||
| Profit Quality | 53.71% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.55 | ||
| Altman-Z | 5.48 |
F-Score4
WACC7.69%
ROIC/WACC2.71
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)86.78%
EPS 3Y73.34%
EPS 5YN/A
EPS Q2Q%167.55%
EPS Next Y15.65%
EPS Next 2Y19.65%
EPS Next 3Y19.54%
EPS Next 5YN/A
Revenue 1Y (TTM)21.15%
Revenue growth 3Y23.27%
Revenue growth 5Y12.59%
Sales Q2Q%15.56%
Revenue Next Year22.12%
Revenue Next 2Y20.43%
Revenue Next 3Y19.06%
Revenue Next 5YN/A
EBIT growth 1Y17.58%
EBIT growth 3Y99.85%
EBIT growth 5Y25.86%
EBIT Next Year36.75%
EBIT Next 3Y24.46%
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%