MNSO Valuation

MINISO Group Holding Ltd

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20.060

-0.08(-0.397%)1D

Overview
Forecast
Valuation
Earnings

MNSO Relative Valuation

MNSO's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MNSO is overvalued; if below, it's undervalued.

Historical Valuation

MINISO Group Holding Ltd (MNSO) is now in the Fair zone, suggesting that its current forward PE ratio of 15.15 is considered Fairly compared with the five-year average of 25.36. The fair price of MINISO Group Holding Ltd (MNSO) is between 12.15 to 55.26 according to relative valuation methord.

Relative Value

Fair Zone

12.15-55.26

Current Price：20.14

Fair

15.15

Trailing

Forward

9.52

EV/EBITDA

MINISO Group Holding Ltd. (MNSO) has a current EV/EBITDA of 9.52. The 5-year average EV/EBITDA is 13.25. The thresholds are as follows: Strongly Undervalued below -4.63, Undervalued between -4.63 and 4.31, Fairly Valued between 22.19 and 4.31, Overvalued between 22.19 and 31.12, and Strongly Overvalued above 31.12. The current Forward EV/EBITDA of 9.52 falls within the Historic Trend Line -Fairly Valued range.

11.74

EV/EBIT

MINISO Group Holding Ltd. (MNSO) has a current EV/EBIT of 11.74. The 5-year average EV/EBIT is 19.89. The thresholds are as follows: Strongly Undervalued below -20.83, Undervalued between -20.83 and -0.47, Fairly Valued between 40.25 and -0.47, Overvalued between 40.25 and 60.61, and Strongly Overvalued above 60.61. The current Forward EV/EBIT of 11.74 falls within the Historic Trend Line -Fairly Valued range.

2.03

MINISO Group Holding Ltd. (MNSO) has a current PS of 2.03. The 5-year average PS is 2.63. The thresholds are as follows: Strongly Undervalued below 0.50, Undervalued between 0.50 and 1.57, Fairly Valued between 3.70 and 1.57, Overvalued between 3.70 and 4.77, and Strongly Overvalued above 4.77. The current Forward PS of 2.03 falls within the Historic Trend Line -Fairly Valued range.

11.26

P/OCF

MINISO Group Holding Ltd. (MNSO) has a current P/OCF of 11.26. The 5-year average P/OCF is 19.84. The thresholds are as follows: Strongly Undervalued below -11.28, Undervalued between -11.28 and 4.28, Fairly Valued between 35.41 and 4.28, Overvalued between 35.41 and 50.97, and Strongly Overvalued above 50.97. The current Forward P/OCF of 11.26 falls within the Historic Trend Line -Fairly Valued range.

12.33

P/FCF

MINISO Group Holding Ltd. (MNSO) has a current P/FCF of 12.33. The 5-year average P/FCF is 23.07. The thresholds are as follows: Strongly Undervalued below -23.20, Undervalued between -23.20 and -0.07, Fairly Valued between 46.20 and -0.07, Overvalued between 46.20 and 69.33, and Strongly Overvalued above 69.33. The current Forward P/FCF of 12.33 falls within the Historic Trend Line -Fairly Valued range.

MINISO Group Holding Ltd (MNSO) has a current Price-to-Book (P/B) ratio of 1.04. Compared to its 3-year average P/B ratio of 4.39 , the current P/B ratio is approximately -76.22% higher. Relative to its 5-year average P/B ratio of 3.42, the current P/B ratio is about -69.45% higher. MINISO Group Holding Ltd (MNSO) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.49%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 2.33% , the current FCF yield is about -100.00% lower.

1.04

P/B

Median3y

4.39

Median5y

3.42

0.00

FCF Yield

Median3y

2.49

Median5y

2.33

Competitors Valuation Multiple

The average P/S ratio for MNSO's competitors is 3.35, providing a benchmark for relative valuation. MINISO Group Holding Ltd Corp (MNSO) exhibits a P/S ratio of 2.03, which is -39.34% above the industry average. Given its robust revenue growth of 18.89%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

MNSO.N

MINISO Group Holding Ltd

Performance Decomposition

Market capitalization of MNSO increased by 24.75% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 3.06 to 4.60.

The secondary factor is the Revenue Growth, contributed 16.77%to the performance.

Overall, the performance of MNSO in the past 1 year is driven by P/E Change. Which is more unsustainable.

16.77%

3.79B → 4.43B

Revenue Growth

-42.31%

16.31 → 9.41

Margin Expansion

50.29%

3.06 → 4.60

P/E Change

24.75%