Financials MINISO Group Holding Limited Hong Kong S.E.

Equities

9896

KYG6180F1081

Department Stores

Market Closed - Hong Kong S.E. 01:39:05 07/06/2024 pm IST 5-day change 1st Jan Change
42.75 HKD +1.79% Intraday chart for MINISO Group Holding Limited -4.58% +6.48%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 52,343 19,965 23,395 44,981 48,273 - -
Enterprise Value (EV) 1 52,343 13,912 18,232 39,354 41,550 40,400 38,649
P/E ratio - -13.9 x 35.6 x - 17.9 x 14.4 x 11.7 x
Yield - 1.54% 1.67% 0.36% 2.96% 3.62% 4.52%
Capitalization / Revenue 5.83 x 2.2 x 2.32 x 5.89 x 2.8 x 2.32 x 1.95 x
EV / Revenue 5.83 x 1.53 x 1.81 x 5.16 x 2.41 x 1.94 x 1.56 x
EV / EBITDA - 20.9 x 14.3 x 21.5 x 10.4 x 8.15 x 6.45 x
EV / FCF - - 16.3 x - 14.1 x 13.2 x 8 x
FCF Yield - - 6.12% - 7.1% 7.57% 12.5%
Price to Book - 3.03 x 3.22 x 19.8 x 4.64 x 3.99 x 3.4 x
Nbr of stocks (in thousands) 3,03,975 3,03,975 3,16,113 3,10,674 3,10,271 - -
Reference price 2 172.2 65.68 74.01 144.8 155.6 155.6 155.6
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 17,240 20,852 24,758
EBITDA 1 - 666.1 1,272 1,834 4,007 4,954 5,995
EBIT 1 - 401 882 1,554 3,469 4,323 5,264
Operating Margin - 4.42% 8.75% 20.36% 20.12% 20.73% 21.26%
Earnings before Tax (EBT) 1 - -1,216 906.8 1,653 3,605 4,385 5,325
Net income 1 -262.3 -1,415 638.2 1,248 2,721 3,341 4,090
Net margin -2.92% -15.6% 6.33% 16.36% 15.78% 16.02% 16.52%
EPS 2 - -4.720 2.080 - 8.710 10.84 13.31
Free Cash Flow 1 - - 1,116 - 2,949 3,060 4,833
FCF margin - - 11.07% - 17.11% 14.68% 19.52%
FCF Conversion (EBITDA) - - 87.75% - 73.6% 61.77% 80.62%
FCF Conversion (Net income) - - 174.9% - 108.37% 91.59% 118.16%
Dividend per Share 2 - 1.009 1.238 0.5248 4.611 5.629 7.035
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 - 3,724 3,841 4,656 4,842 4,574 -
EBITDA - - - - - - - - - - - -
EBIT 1 187.8 213.5 255.4 141 272.1 - 743.3 765.4 937.3 986 884.9 -
Operating Margin 7.6% 8.04% 9.21% 6.02% 11.74% - 19.96% 19.93% 20.13% 20.36% 19.35% -
Earnings before Tax (EBT) 1 - - - - 291.3 - - 806.5 - - - -
Net income 1 - - - 92.67 204.8 1,248 582.5 635.8 731 749 - -
Net margin - - - 3.96% 8.84% - 15.64% 16.55% 15.7% 15.47% - -
EPS 2 0.3760 - - 0.3200 - 1.000 1.880 2.040 2.254 2.452 - -
Dividend per Share - - - - - - - - - 4.283 - -
Announcement Date 19/08/21 18/11/21 03/03/22 26/05/22 25/08/22 12/03/24 14/05/24 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 5,627 6,723 7,873 9,624
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - 1,116 - 2,949 3,060 4,833
ROE (net income / shareholders' equity) - 15.6% 10.5% 13.8% 26.8% 27.4% 27.3%
ROA (Net income/ Total Assets) - 5.98% 6.56% 8.94% 17.3% 19% 20.1%
Assets 1 - -23,665 9,730 13,966 15,702 17,557 20,378
Book Value Per Share 2 - 21.70 22.90 7.330 33.50 39.00 45.80
Cash Flow per Share 2 - 3.110 4.620 - 10.80 12.70 15.40
Capex 1 - 180 290 265 388 409 384
Capex / Sales - 1.99% 2.88% 3.47% 2.25% 1.96% 1.55%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
155.6 CNY
Average target price
221.7 CNY
Spread / Average Target
+42.48%
Consensus
  1. Stock Market
  2. Equities
  3. MNSO Stock
  4. 9896 Stock
  5. Financials MINISO Group Holding Limited