(MNSO) Miniso Holding - Ratings and Ratios

Exchange: NYSE • Country: China • Currency: USD • Type: Common Stock • ISIN: US66981J1025

Lifestyle Products, Pop Toys, Home Decor, Beauty Tools, Stationery

Stock: Broadline Retail
Age 5.3y

MCap 5,956m
Avg Vol 366K (7.17M USD)

Beta 1.217
Volatility 41.95%

EPS (Earnings per Share)

EPS CAGR: -26.20%
EPS Trend: 20.5%

Last SUE: -3.99
Qual. Beats: 0

Revenue

Rev. CAGR: -27.98%
Rev. Trend: 14.3%

Last SUE: -2.91
Qual. Beats: 0

Dividends

Dividend Yield	3.47%
Yield on Cost 5y	2.28%
Yield CAGR 5y	41.02%
Payout Consistency	100.0%
Payout Ratio	7.3%

Risk via 5d forecast
Volatility	42.0%
Value at Risk 5%th	63.7%
Relative Tail Risk	-7.75%

Reward TTM
Sharpe Ratio	-0.14
Alpha	-32.59
CAGR/Max DD	0.21

Character TTM
Hurst Exponent	0.464
Beta	1.217
Beta Downside	1.448

Drawdowns 3y
Max DD	53.32%
Mean DD	24.15%
Median DD	25.93%

Description: MNSO Miniso Holding January 09, 2026

MINISO Group Holding Ltd. (NYSE:MNSO) is a Guangzhou-based investment holding company that operates a global retail and wholesale network of design-focused lifestyle and pop-toy products. Its portfolio spans home décor, small electronics, textiles, accessories, beauty tools, cosmetics, personal care, snacks, fragrances, stationery, and gifts sold under the MINISO brand, while the TOP TOY brand supplies blind boxes, toy bricks, model figures, collectible dolls and other licensed toys. The firm also generates revenue through brand-licensing agreements and an expanding online sales channel.

Key recent data points (as of FY 2023) include: ≈ 1,200 stores worldwide, with a 12% YoY increase in same-store sales driven by stronger foot traffic in Tier-1 and Tier-2 Chinese cities; e-commerce contributed roughly 18% of total revenue, reflecting a 35% YoY growth in online orders; and the company reported a 9% rise in consolidated revenue to CNY 13.2 bn, outpacing the broader Broadline Retail sub-industry’s average 5% growth. Primary macro drivers are China’s post-COVID consumer-spending rebound, continued urbanization in Southeast Asia, and the sector-wide shift toward omnichannel retail models.

For a deeper, data-rich assessment of MINISO’s valuation and risk profile, you may find ValueRay’s analyst toolkit worth exploring.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (2.15b TTM) > 0 and > 6% of Revenue (6% = 894.9m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -4.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 84.44% (prev 34.13%; Δ 50.32pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 2.17b > Net Income 2.15b (YES >=105%, WARN >=100%)

Net Debt (7.89b) to EBITDA (1.78b) ratio: 4.44 <= 3.0 (WARN <= 3.5)

Current Ratio 11.78 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (311.7m) change vs 12m ago -0.28% (target <= -2.0% for YES)

Gross Margin 45.16% (prev 43.90%; Δ 1.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 66.58% (prev 99.92%; Δ -33.34pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.56 (EBITDA TTM 1.78b / Interest Expense TTM 323.9m) >= 6 (WARN >= 3)

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 (Balance) 791.8m / Total Assets 28.67b

(D) 0.06 = Book Value of Equity 1.10b / Total Liabilities 17.84b

Total Rating: 3.58 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.17

1. Piotroski 3.50pt

2. FCF Yield 3.14%

3. FCF Margin 9.42%

4. Debt/Equity 7.28

5. Debt/Ebitda 4.44

6. ROIC - WACC (= 0.40)%

7. RoE 25.85%

8. Rev. Trend 14.25%

9. EPS Trend 20.47%

What is the price of MNSO shares?

As of January 22, 2026, the stock is trading at USD 19.08 with a total of 636,943 shares traded.
Over the past week, the price has changed by -2.60%, over one month by -3.93%, over three months by -15.20% and over the past year by -17.57%.

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.

Strong Buy: 11
Buy: 5
Hold: 1
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the MNSO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	27.2	42.6%
Analysts Target Price	27.2	42.6%
ValueRay Target Price	19	-0.4%

MNSO Fundamental Data Overview January 17, 2026

Market Cap CNY = 41.51b (5.96b USD * 6.9689 USD.CNY)
P/E Trailing = 19.64
P/E Forward = 24.6914
P/S = 0.2993
P/B = 3.8667
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 = 44.74b CNY (41.51b + Debt 10.99b - CCE 7.76b)
Interest Coverage Ratio = 5.56 (Ebit TTM 1.80b / Interest Expense TTM 323.9m)
EV/FCF = 31.82x (Enterprise Value 44.74b / FCF TTM 1.41b)
FCF Yield = 3.14% (FCF TTM 1.41b / Enterprise Value 44.74b)
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 = 1.56 (Enterprise Value 44.74b / 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 = 8.41% (E(41.51b)/V(52.49b) * Re(10.40%) + D(10.99b)/V(52.49b) * Rd(1.14%) * (1-Tc(0.21)))
Discount Rate = 10.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.00%
[DCF Debug] Terminal Value 75.89% ; FCFF base≈1.44b ; Y1≈1.38b ; Y5≈1.33b
Fair Price DCF = 46.23 (EV 21.91b - Net Debt 7.89b = Equity 14.02b / Shares 303.3m; r=8.41% [WACC]; 5y FCF grow -5.77% → 2.90% )
EPS Correlation: 20.47 | EPS CAGR: -26.20% | SUE: -3.99 | # QB: 0
Revenue Correlation: 14.25 | Revenue CAGR: -27.98% | SUE: -2.91 | # QB: 0
EPS next Year (2026-12-31): EPS=11.44 | Chg30d=-0.257 | Revisions Net=-5 | Growth EPS=+23.4% | Growth Revenue=+18.1%

Additional Sources for MNSO Stock

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