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MINISO Group Holding Ltd
NYSE:MNSO

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MINISO Group Holding Ltd Logo
MINISO Group Holding Ltd
NYSE:MNSO
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Price: 19.694 USD 1.73%
Updated: Jul 12, 2024
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Intrinsic Value

MINISO Group Holding Ltd. operates as a holding company, which engages in retailing design-led lifestyle products, through its subsidiary. [ Read More ]

The intrinsic value of one MNSO stock under the Base Case scenario is 13.321 USD. Compared to the current market price of 19.694 USD, MINISO Group Holding Ltd is Overvalued by 32%.

Key Points:
MNSO Intrinsic Value
Base Case
13.321 USD
Overvaluation 32%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
MINISO Group Holding Ltd

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Fundamental Analysis

Strong Revenue and Margin Growth in Q4
Earnings Call Summary

Strong Revenue and Margin Growth in Q4

Revenue soared to RMB 3.84 billion, up 54% year-over-year, driven by significant growth in both MINISO's offline stores and TOP TOY operations which surged by 63% and 90% respectively. Store count increased by 19%, with per store revenue almost doubling. Overseas revenue also grew robustly by 51%, with directly operated stores being a key contributor. Gross margin improved to 43.1%, thanks to product optimization and a strategic shift towards more profitable products. Adjusted net margin reached a new record of 17.4% after FX adjustments, exemplifying strong profitability. The outlook remains optimistic, with anticipated overseas market growth of 35%-45% year-over-year, and confidence in an improved margin profile for the full year despite a typical Q1 seasonal dip.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
MINISO Group Holding Ltd

Current Assets 10.3B
Cash & Short-Term Investments 6.9B
Receivables 1.3B
Other Current Assets 2.1B
Non-Current Assets 4.2B
Long-Term Investments 206.4m
PP&E 3.7B
Intangibles 41.2m
Other Non-Current Assets 239.9m
Current Liabilities 4.4B
Accounts Payable 855.9m
Accrued Liabilities 519.9m
Other Current Liabilities 3B
Non-Current Liabilities 910.1m
Long-Term Debt 804.5m
Other Non-Current Liabilities 105.6m
Efficiency

Earnings Waterfall
MINISO Group Holding Ltd

Revenue
14.6B CNY
Cost of Revenue
-8.5B CNY
Gross Profit
6.2B CNY
Operating Expenses
-3.2B CNY
Operating Income
3B CNY
Other Expenses
-628.4m CNY
Net Income
2.4B CNY

Free Cash Flow Analysis
MINISO Group Holding Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

MNSO Profitability Score
Profitability Due Diligence

MINISO Group Holding Ltd's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROIC
Exceptional ROIC
ROE is Increasing
ROIC is Increasing
69/100
Profitability
Score

MINISO Group Holding Ltd's profitability score is 69/100. The higher the profitability score, the more profitable the company is.

MNSO Solvency Score
Solvency Due Diligence

MINISO Group Holding Ltd's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

Negative Net Debt
Low D/E
Long-Term Solvency
Short-Term Solvency
71/100
Solvency
Score

MINISO Group Holding Ltd's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MNSO Price Targets Summary
MINISO Group Holding Ltd

Wall Street analysts forecast MNSO stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MNSO is 21.812 USD with a low forecast of 20.24 USD and a high forecast of 23.448 USD.

Lowest
Price Target
20.24 USD
3% Upside
Average
Price Target
21.812 USD
11% Upside
Highest
Price Target
23.448 USD
19% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MNSO Price
MINISO Group Holding Ltd

1M 1M
-8%
6M 6M
-12%
1Y 1Y
+10%
3Y 3Y
+9%
5Y 5Y
-2%
10Y 10Y
-2%
Annual Price Range
19.694
52w Low
16.06
52w High
29.64
Price Metrics
Average Annual Return -10.13%
Standard Deviation of Annual Returns 42.93%
Max Drawdown -87%
Shares Statistics
Market Capitalization 6.2B USD
Shares Outstanding 314 820 992
Percentage of Shares Shorted 8.6%

MNSO Return Decomposition
Main factors of price return

What is price return decomposition?

MNSO News

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Company Profile

MINISO Group Holding Ltd Logo
MINISO Group Holding Ltd

Country

China

Industry

Retail

Market Cap

6.2B USD

Dividend Yield

2.11%

Description

MINISO Group Holding Ltd. operates as a holding company, which engages in retailing design-led lifestyle products, through its subsidiary. The company is headquartered in Guangzhou, Guangdong and currently employs 3,648 full-time employees. The company went IPO on 2020-10-15. The firm have built its flagship brand MINISO and established a store network worldwide. The Company’s products include home decor, small electronics, textile, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. The firm conducts its businesses within the China market and to overseas markets, such as Asia, America, Europe and others.

Contact

GUANGDONG
Guangzhou
25/F, Heye Plaza, No.486 Kangwangzhong Road,Liwan District
+862036228788.0
https://www.miniso.cn/

IPO

2020-10-15

Employees

3 648

Officers

Founder, Chairman of the Board of Directors & CEO
Mr. Guofu Ye
VP, CFO & Joint Company Secretary
Mr. Jingjing Zhang
Executive Vice President
Ms. Na Dou
Joint Company Secretary
Ms. Hoi Ting Wong

See Also

Discover More
What is the Intrinsic Value of one MNSO stock?

The intrinsic value of one MNSO stock under the Base Case scenario is 13.321 USD.

Is MNSO stock undervalued or overvalued?

Compared to the current market price of 19.694 USD, MINISO Group Holding Ltd is Overvalued by 32%.