MNSO Valuation

MINISO Group Holding Ltd

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20.680

+0.01(0.048%)1D

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 11.79 is considered Fairly compared with the five-year average of 23.92. The fair price of MINISO Group Holding Ltd (MNSO) is between 16.49 to 69.66 according to relative valuation methord.

Relative Value

Fair Zone

16.49-69.66

Current Price：20.68

Fair

11.79

Trailing

Forward

9.61

EV/EBITDA

MINISO Group Holding Ltd. (MNSO) has a current EV/EBITDA of 9.61. The 5-year average EV/EBITDA is 12.94. The thresholds are as follows: Strongly Undervalued below -4.42, Undervalued between -4.42 and 4.26, Fairly Valued between 21.62 and 4.26, Overvalued between 21.62 and 30.30, and Strongly Overvalued above 30.30. The current Forward EV/EBITDA of 9.61 falls within the Historic Trend Line -Fairly Valued range.

10.23

EV/EBIT

MINISO Group Holding Ltd. (MNSO) has a current EV/EBIT of 10.23. The 5-year average EV/EBIT is 18.53. The thresholds are as follows: Strongly Undervalued below -17.97, Undervalued between -17.97 and 0.28, Fairly Valued between 36.78 and 0.28, Overvalued between 36.78 and 55.03, and Strongly Overvalued above 55.03. The current Forward EV/EBIT of 10.23 falls within the Historic Trend Line -Fairly Valued range.

147.29

MINISO Group Holding Ltd. (MNSO) has a current PS of 147.29. The 5-year average PS is 3.38. The thresholds are as follows: Strongly Undervalued below -17.50, Undervalued between -17.50 and -7.06, Fairly Valued between 13.82 and -7.06, Overvalued between 13.82 and 24.25, and Strongly Overvalued above 24.25. The current Forward PS of 147.29 falls within the Strongly Overvalued range.

14.14

P/OCF

MINISO Group Holding Ltd. (MNSO) has a current P/OCF of 14.14. The 5-year average P/OCF is 18.93. The thresholds are as follows: Strongly Undervalued below -8.96, Undervalued between -8.96 and 4.99, Fairly Valued between 32.87 and 4.99, Overvalued between 32.87 and 46.82, and Strongly Overvalued above 46.82. The current Forward P/OCF of 14.14 falls within the Historic Trend Line -Fairly Valued range.

11.48

P/FCF

MINISO Group Holding Ltd. (MNSO) has a current P/FCF of 11.48. The 5-year average P/FCF is 21.91. The thresholds are as follows: Strongly Undervalued below -22.07, Undervalued between -22.07 and -0.08, Fairly Valued between 43.90 and -0.08, Overvalued between 43.90 and 65.90, and Strongly Overvalued above 65.90. The current Forward P/FCF of 11.48 falls within the Historic Trend Line -Fairly Valued range.

MINISO Group Holding Ltd (MNSO) has a current Price-to-Book (P/B) ratio of 4.15. Compared to its 3-year average P/B ratio of 4.64 , the current P/B ratio is approximately -10.53% higher. Relative to its 5-year average P/B ratio of 3.75, the current P/B ratio is about 10.70% higher. MINISO Group Holding Ltd (MNSO) has a Forward Free Cash Flow (FCF) yield of approximately 2.21%. Compared to its 3-year average FCF yield of 2.30%, the current FCF yield is approximately -4.15% lower. Relative to its 5-year average FCF yield of 2.38% , the current FCF yield is about -7.22% lower.

4.15

P/B

Median3y

4.64

Median5y

3.75

2.21

FCF Yield

Median3y

2.30

Median5y

2.38

Competitors Valuation Multiple

The average P/S ratio for MNSO's competitors is 725.93, providing a benchmark for relative valuation. MINISO Group Holding Ltd Corp (MNSO) exhibits a P/S ratio of 147.29, which is -79.71% above the industry average. Given its robust revenue growth of 23.07%, this premium appears sustainable.

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 3.35% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 4.04B to 4.97B.

The secondary factor is the P/E Change, contributed 13.02%to the performance.

Overall, the performance of MNSO in the past 1 year is driven by Revenue Growth. Which is more sustainable.

23.07%

4.04B → 4.97B

Revenue Growth

-32.74%

14.66 → 9.86

Margin Expansion

13.02%

17.22 → 19.46

P/E Change

3.35%