(MNSO) Miniso Holding - Overview

Sector: Consumer Cyclical | Industry: Specialty Retail | Exchange: NYSE (USA) | Market Cap: 5.047m USD | Total Return: -13.9% in 12m

Stock Home Goods, Electronics, Apparel, Toys, Beauty
Total Rating 23
Safety 32
Buy Signal -0.31
Specialty Retail +4.7
Broadline Retail +10.4
Market Cap: 5,047m
Avg Trading Vol: 6.32M USD
ATR: 3.22%
Peers RS (IBD): 30.6
Risk 5d forecast
Volatility42.2%
Rel. Tail Risk-6.90%
Reward TTM
Sharpe Ratio-0.05
Alpha-24.39
Character TTM
Beta0.722
Beta Downside1.745
Drawdowns 3y
Max DD53.32%
CAGR/Max DD0.01
EPS (Earnings per Share) EPS (Earnings per Share) of MNSO over the last years for every Quarter: "2021-03": 0.52, "2021-06": 0.48, "2021-09": 0.6, "2021-12": 0.72, "2022-03": 0.36, "2022-06": 0.72, "2022-09": 1.36, "2022-12": 1.16, "2023-03": 1.52, "2023-06": 1.8, "2023-09": 2.04, "2023-12": 2.12, "2024-03": 0.2607, "2024-06": 2.02, "2024-09": 2.2, "2024-12": 2.56, "2025-03": 1.88, "2025-06": 1.59, "2025-09": 2.48, "2025-12": 2.8,
EPS CAGR: 72.81%
EPS Trend: 56.3%
Last SUE: 0.10
Qual. Beats: 0
Revenue Revenue of MNSO over the last years for every Quarter: 2021-03: 2229.444, 2021-06: 2472.355, 2021-09: 2654.115, 2021-12: 2772.793, 2022-03: 2341.035, 2022-06: 2317.706, 2022-09: 2341.035, 2022-12: 2317.706, 2023-03: 2772.444, 2023-06: 3252.182, 2023-09: 3791.154, 2023-12: 3841.313, 2024-03: 3723.531, 2024-06: 4035.212, 2024-09: 4522.577, 2024-12: 4712.705, 2025-03: 4427.044, 2025-06: 4966.068, 2025-09: 809.880009, 2025-12: null,
Rev. CAGR: -27.98%
Rev. Trend: 14.3%
Last SUE: -2.91
Qual. Beats: 0
Description: MNSO Miniso Holding

Miniso Group Holding Ltd. (MNSO) is a Chinese broadline retailer operating internationally. The company sells design-led lifestyle products and pop toys through retail and wholesale channels.

Its product offerings under the MINISO brand include home decor, electronics, textiles, beauty tools, cosmetics, and personal care. The TOP TOY brand focuses on collectible toys such as blind boxes and model figures, a segment experiencing significant growth in Asia.

Miniso also engages in brand licensing and online sales. This multi-channel approach is common for retailers seeking to expand market reach and capitalize on diverse consumer preferences. To delve deeper into MNSOs operational metrics and competitive landscape, explore its profile on ValueRay.

Headlines to Watch Out For
  • Chinas consumer spending directly impacts Miniso and Top Toy sales
  • Global expansion into new markets drives revenue growth
  • Supply chain disruptions increase product costs and reduce margins
  • Brand licensing agreements contribute to diversified revenue streams
  • Regulatory changes in product safety and imports affect operations
Piotroski VR‑10 (Strict) 3.5
Net Income: 2.15b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA -4.34 > 1.0
NWC/Revenue: 84.44% < 20% (prev 34.13%; Δ 50.32% < -1%)
CFO/TA 0.08 > 3% & CFO 2.17b > Net Income 2.15b
Net Debt (7.89b) to EBITDA (1.78b): 4.44 < 3
Current Ratio: 11.78 > 1.5 & < 3
Outstanding Shares: last quarter (311.7m) vs 12m ago -0.28% < -2%
Gross Margin: 45.16% > 18% (prev 0.44%; Δ 4.47k% > 0.5%)
Asset Turnover: 66.58% > 50% (prev 99.92%; Δ -33.34% > 0%)
Interest Coverage Ratio: 5.56 > 6 (EBITDA TTM 1.78b / Interest Expense TTM 323.9m)
Altman Z'' 3.58
A: 0.44 (Total Current Assets 13.76b - Total Current Liabilities 1.17b) / Total Assets 28.67b
B: 0.03 (Retained Earnings 791.8m / Total Assets 28.67b)
C: 0.08 (EBIT TTM 1.80b / Avg Total Assets 22.40b)
D: 0.06 (Book Value of Equity 1.10b / Total Liabilities 17.84b)
Altman-Z'' Score: 3.58 = A
Beneish M -0.38
DSRI: 0.23 (Receivables 380.7m/1.76b, Revenue 14.92b/16.12b)
GMI: 0.97 (GM 45.16% / 43.90%)
AQI: 6.66 (AQ_t 0.28 / AQ_t-1 0.04)
SGI: 0.93 (Revenue 14.92b / 16.12b)
TATA: -0.00 (NI 2.15b - CFO 2.17b) / TA 28.67b)
Beneish M-Score: -0.38 (Cap -4..+1) = D
What is the price of MNSO shares? As of April 03, 2026, the stock is trading at USD 16.20 with a total of 891,195 shares traded.
Over the past week, the price has changed by +0.25%, over one month by -7.65%, over three months by -17.60% and over the past year by -13.91%.
Is MNSO a buy, sell or hold? Miniso Holding has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy MNSO.
  • StrongBuy: 11
  • Buy: 5
  • Hold: 1
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the MNSO price?
Wallstreet Target Price 26.2 61.5%
Analysts Target Price 26.2 61.5%
MNSO Fundamental Data Overview as of 02 April 2026
Market Cap CNY = 34.76b (5.05b USD * 6.8866 USD.CNY)
P/E Trailing = 16.0396
P/E Forward = 24.6914
P/S = 0.2536
P/B = 4.3619
Revenue TTM = 14.92b CNY
EBIT TTM = 1.80b CNY
EBITDA TTM = 1.78b CNY
Long Term Debt = 5.62b CNY (from longTermDebt, last quarter)
Short Term Debt = 3.05b CNY (from shortTermDebt, last quarter)
Debt = 10.99b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.89b CNY (from netDebt column, last quarter)
Enterprise Value = 37.98b CNY (34.76b + Debt 10.99b - CCE 7.76b)
Interest Coverage Ratio = 5.56 (Ebit TTM 1.80b / Interest Expense TTM 323.9m)
EV/FCF = 27.02x (Enterprise Value 37.98b / FCF TTM 1.41b)
FCF Yield = 3.70% (FCF TTM 1.41b / Enterprise Value 37.98b)
FCF Margin = 9.42% (FCF TTM 1.41b / Revenue TTM 14.92b)
Net Margin = 14.43% (Net Income TTM 2.15b / Revenue TTM 14.92b)
Gross Margin = 45.16% ((Revenue TTM 14.92b - Cost of Revenue TTM 8.18b) / Revenue TTM)
Gross Margin QoQ = 44.68% (prev 44.28%)
Tobins Q-Ratio = 1.32 (Enterprise Value 37.98b / Total Assets 28.67b)
Interest Expense / Debt = 1.14% (Interest Expense 124.8m / Debt 10.99b)
Taxrate = 21.27% (712.1m / 3.35b)
NOPAT = 1.42b (EBIT 1.80b * (1 - 21.27%))
Current Ratio = 11.78 (Total Current Assets 13.76b / Total Current Liabilities 1.17b)
Debt / Equity = 7.28 (Debt 10.99b / totalStockholderEquity, last quarter 1.51b)
Debt / EBITDA = 4.44 (Net Debt 7.89b / EBITDA 1.78b)
Debt / FCF = 5.61 (Net Debt 7.89b / FCF TTM 1.41b)
Total Stockholder Equity = 8.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.61% (Net Income 2.15b / Total Assets 28.67b)
RoE = 25.85% (Net Income TTM 2.15b / Total Stockholder Equity 8.33b)
RoCE = 12.91% (EBIT 1.80b / Capital Employed (Equity 8.33b + L.T.Debt 5.62b))
RoIC = 8.81% (NOPAT 1.42b / Invested Capital 16.09b)
WACC = 6.69% (E(34.76b)/V(45.74b) * Re(8.52%) + D(10.99b)/V(45.74b) * Rd(1.14%) * (1-Tc(0.21)))
Discount Rate = 8.52% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF] Terminal Value 82.99% ; FCFF base≈1.44b ; Y1≈1.38b ; Y5≈1.34b
[DCF] Fair Price = 81.37 (EV 32.54b - Net Debt 7.89b = Equity 24.65b / Shares 302.9m; r=6.69% [WACC]; 5y FCF grow -5.77% → 3.0% )
EPS Correlation: 56.26 | EPS CAGR: 72.81% | SUE: 0.10 | # QB: 0
Revenue Correlation: 14.25 | Revenue CAGR: -27.98% | SUE: -2.91 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.52 | Chg7d=+2.520 | Chg30d=+2.520 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=11.23 | Chg7d=-0.153 | Chg30d=-0.175 | Revisions Net=-1 | Growth EPS=+20.0% | Growth Revenue=+18.3%
EPS next Year (2027-12-31): EPS=13.22 | Chg7d=-0.199 | Chg30d=-0.234 | Revisions Net=+0 | Growth EPS=+17.7% | Growth Revenue=+16.2%
[Analyst] Revisions Ratio: -0.33 (1 Up / 2 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 2.3% (Discount Rate 8.5% - Earnings Yield 6.2%)
[Growth] Growth Spread = +16.0% (Analyst 18.3% - Implied 2.3%)
External Resources
Dataroma Stockcircle