MINISO GROUP HOLDING LIMITED |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 23.98 USD | -0.93% |
|
+1.35% | +17.40% |
| 04-30 | JPMorgan Initiates MINISO Group Holding With Overweight Rating, $30 Price Target | MT |
| 04-26 | Nomura Adjusts MINISO Group Price Target to $33.20 From $31.10, Maintains Buy Rating | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,343 | 19,965 | 23,395 | 44,981 | 54,268 | - | - |
| Enterprise Value (EV) 1 | 52,343 | 13,912 | 18,232 | 44,981 | 47,311 | 45,846 | 44,407 |
| P/E ratio | - | -13.9 x | 35.6 x | - | 20.2 x | 16.6 x | 14 x |
| Yield | - | 1.54% | 1.67% | - | 2.32% | 2.85% | 3.4% |
| Capitalization / Revenue | 5.83 x | 2.2 x | 2.32 x | 5.89 x | 3.24 x | 2.67 x | 2.27 x |
| EV / Revenue | 5.83 x | 1.53 x | 1.81 x | 5.89 x | 2.83 x | 2.26 x | 1.86 x |
| EV / EBITDA | - | 20.9 x | 14.3 x | 24.5 x | 11.8 x | 9.21 x | 7.32 x |
| EV / FCF | - | - | 16.3 x | - | 16.1 x | 18.3 x | 8.41 x |
| FCF Yield | - | - | 6.12% | - | 6.22% | 5.47% | 11.9% |
| Price to Book | - | 3.03 x | 3.22 x | - | 5.2 x | 4.47 x | 3.83 x |
| Nbr of stocks (in thousands) | 303,975 | 303,975 | 316,113 | 310,674 | 309,786 | - | - |
| Reference price 2 | 172.2 | 65.68 | 74.01 | 144.8 | 175.2 | 175.2 | 175.2 |
| Announcement Date | 23/09/20 | 19/08/21 | 25/08/22 | 12/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,979 | 9,072 | 10,086 | 7,632 | 16,727 | 20,304 | 23,859 |
| EBITDA 1 | - | 666.1 | 1,272 | 1,834 | 4,007 | 4,980 | 6,066 |
| EBIT 1 | - | 401 | 882 | 1,554 | 3,506 | 4,364 | 5,246 |
| Operating Margin | - | 4.42% | 8.75% | 20.36% | 20.96% | 21.49% | 21.99% |
| Earnings before Tax (EBT) 1 | - | -1,216 | 906.8 | 1,653 | 3,575 | 4,414 | 5,300 |
| Net income 1 | -262.3 | -1,415 | 638.2 | 1,248 | 2,701 | 3,331 | 4,033 |
| Net margin | -2.92% | -15.6% | 6.33% | 16.36% | 16.15% | 16.41% | 16.9% |
| EPS 2 | - | -4.720 | 2.080 | - | 8.673 | 10.54 | 12.54 |
| Free Cash Flow 1 | - | - | 1,116 | - | 2,941 | 2,509 | 5,278 |
| FCF margin | - | - | 11.07% | - | 17.58% | 12.36% | 22.12% |
| FCF Conversion (EBITDA) | - | - | 87.75% | - | 73.39% | 50.38% | 87% |
| FCF Conversion (Net income) | - | - | 174.9% | - | 108.88% | 75.32% | 130.88% |
| Dividend per Share 2 | - | 1.009 | 1.238 | - | 4.060 | 5.001 | 5.964 |
| Announcement Date | 23/09/20 | 19/08/21 | 25/08/22 | 12/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,472 | 2,654 | 2,773 | 2,341 | 2,318 | - | 3,791 | 3,841 | 4,663 | 4,765 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 187.8 | 213.5 | 255.4 | 141 | 272.1 | - | 788.3 | 765.4 | 954.8 | 1,042 | - | - |
| Operating Margin | 7.6% | 8.04% | 9.21% | 6.02% | 11.74% | - | 20.79% | 19.93% | 20.48% | 21.87% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | 291.3 | - | 846.2 | 806.5 | - | - | - | - |
| Net income 1 | - | - | - | 92.67 | 204.8 | 1,248 | 612.6 | 635.8 | 744 | 743 | - | - |
| Net margin | - | - | - | 3.96% | 8.84% | - | 16.16% | 16.55% | 15.96% | 15.59% | - | - |
| EPS 2 | 0.3760 | - | - | 0.3200 | - | 1.000 | 1.960 | 2.040 | 2.196 | 2.594 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | 4.322 | - | - |
| Announcement Date | 19/08/21 | 18/11/21 | 03/03/22 | 26/05/22 | 25/08/22 | 12/03/24 | 21/11/23 | 12/03/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 6,053 | 5,162 | - | 6,957 | 8,422 | 9,861 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 1,116 | - | 2,941 | 2,509 | 5,278 |
| ROE (net income / shareholders' equity) | - | 15.6% | 10.5% | - | 26% | 26.4% | 26.5% |
| ROA (Net income/ Total Assets) | - | 5.98% | 6.56% | - | 17% | 19.2% | 20.4% |
| Assets 1 | - | -23,665 | 9,730 | - | 15,874 | 17,382 | 19,802 |
| Book Value Per Share 2 | - | 21.70 | 22.90 | - | 33.70 | 39.20 | 45.80 |
| Cash Flow per Share 2 | - | 3.110 | 4.620 | - | 10.30 | 13.10 | 16.40 |
| Capex 1 | - | 180 | 290 | - | 529 | 598 | 748 |
| Capex / Sales | - | 1.99% | 2.88% | - | 3.16% | 2.95% | 3.14% |
| Announcement Date | 23/09/20 | 19/08/21 | 25/08/22 | 12/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
175.2
CNY
Average target price
210.2
CNY
Spread / Average Target
+20.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.40% | 7.5B | |
| +48.00% | 19.79B | |
| +8.18% | 7B | |
| +17.73% | 6.73B | |
| -5.34% | 5.62B | |
| +45.99% | 5.52B | |
| +31.51% | 5.08B | |
| -9.02% | 3.6B | |
| +5.48% | 3.58B | |
| +9.70% | 3.26B |
- Stock Market
- Equities
- MNSO Stock
- Financials MINISO Group Holding Limited
