MINISO Group Holding Ltd. (9896) AI Stock Analysis

• Market Cap: HK$59.22B
• Dividend Yield: 2.52%
• Average Volume (3M): 7.97M
• Price to Earnings (P/E): 23.2
• Beta (1Y): 1.06
• Revenue Growth: 10.53%
• EPS Growth: -11.17%
• Country: HK
• Employees: 7,003
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.43
• Shares Outstanding: 1,242,636,800
• 10 Day Avg. Volume: 4,803,641
• 30 Day Avg. Volume: 7,967,741
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$52.02
• Price Target Upside: 8.10% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 76 Outperform
• Price Target: HK$53.00 ▲(10.14% Upside)

MINISO Group Holding Ltd. demonstrates strong financial performance with robust profitability and cash flows, which significantly supports its stock score. The technical analysis indicates bullish momentum, although caution is advised due to overbought signals. The valuation is fair, with a reasonable P/E ratio and attractive dividend yield. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Revenue Growth

MINISO's significant revenue growth reflects its successful market expansion and product appeal, supporting long-term business sustainability.

Cash Flow Strength

Strong cash flow growth enhances MINISO's ability to reinvest in operations and manage obligations, ensuring financial stability and growth potential.

Profitability

Improving profit margins indicate efficient operations and pricing power, which are critical for sustaining long-term profitability and competitiveness.

Negative Factors

Rising Debt Levels

Rising debt levels could strain financial flexibility, posing risks to future cash flows and limiting strategic investments if not managed carefully.

EPS Decline

A decline in EPS growth indicates potential challenges in maintaining profitability, which could affect investor confidence and future earnings potential.

Management Challenges

The absence of earnings call data may indicate communication gaps with investors, potentially affecting transparency and stakeholder trust in management.

MINISO Group Holding Ltd. Business Overview & Revenue Model

Company Description

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO brand; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, and other popular toys under the TOP TOY brand. It also engages in the brand licensing activity. The company also operates characters themed store in Vietnam. The company was founded in 2013 and is based in Guangzhou, China.

How the Company Makes Money

MINISO Group Holding Ltd. generates revenue primarily through the sale of its diverse range of lifestyle products across its extensive network of retail stores worldwide. The company operates on a franchise model, which allows it to expand rapidly while maintaining a lean operational structure. A significant portion of its income comes from retail sales in both domestic and international markets, with additional earnings from franchise fees and royalties. Strategic partnerships and collaborations with designers and brands also play a role in enhancing product appeal and driving sales. Furthermore, the company's innovative approach to product design and merchandising, combined with cost-efficient supply chain management, allows it to offer competitive pricing, thereby attracting a broad consumer base and boosting revenue.

MINISO Group Holding Ltd. Financial Statement Overview

Summary

MINISO Group Holding Ltd. demonstrates strong financial performance with solid profitability, efficient operations, and robust cash flows. The company has shown consistent improvement in profit margins and return on equity, though rising debt levels warrant monitoring.

Income Statement

MINISO Group Holding Ltd. has demonstrated strong profitability with a consistent increase in gross profit margin and net profit margin over the past few years. The company's EBIT and EBITDA margins are healthy, indicating efficient operations. The revenue growth rate shows a steady upward trend, reflecting sound business expansion.

Balance Sheet

The balance sheet reveals a robust equity position with a favorable equity ratio. The debt-to-equity ratio remains low, suggesting conservative financial leverage. Return on equity has improved significantly, pointing to effective use of shareholders' funds. However, the increase in total debt over the years needs monitoring.

Cash Flow

The cash flow statement shows strong free cash flow growth, supporting the company's ability to reinvest in its operations and manage financial obligations. Operating cash flow relative to net income is high, indicating effective cash conversion. The free cash flow to net income ratio underscores the company's solid cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	17.70B	16.99B	16.87B	11.47B	10.09B	9.07B
Gross Profit	7.98B	7.64B	7.16B	4.44B	3.07B	2.43B
EBITDA	3.31B	4.29B	4.34B	2.43B	1.02B	-1.08B
Net Income	2.45B	2.62B	2.76B	1.77B	638.17M	-1.42B
Balance Sheet
Total Assets	26.19B	18.12B	15.95B	13.45B	11.28B	10.71B
Cash, Cash Equivalents and Short-Term Investments	7.25B	6.70B	7.58B	7.28B	5.80B	6.87B
Total Debt	9.21B	3.11B	1.38B	892.95M	658.01M	825.01M
Total Liabilities	15.51B	7.76B	5.83B	4.53B	4.25B	4.05B
Stockholders Equity	10.63B	10.31B	10.09B	8.90B	7.03B	6.66B
Cash Flow
Free Cash Flow	0.00	1.41B	1.05B	1.49B	172.06M	736.04M
Operating Cash Flow	0.00	2.17B	1.34B	1.67B	1.41B	916.32M
Investing Cash Flow	0.00	-533.25M	44.82M	-293.41M	-2.13B	-518.80M
Financing Cash Flow	0.00	-1.72B	-1.46B	-325.96M	-733.56M	3.54B

MINISO Group Holding Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9896, the sentiment is Positive. The current price of 48.12 is above the 20-day moving average (MA) of 47.59, above the 50-day MA of 41.21, and above the 200-day MA of 39.43, indicating a bullish trend. The MACD of 2.05 indicates Positive momentum. The RSI at 60.41 is Neutral, neither overbought nor oversold. The STOCH value of 37.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9896.

MINISO Group Holding Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9896	76 Outperform	HK$59.22B	23.17	22.80%	2.52%	10.53%	-11.17%
2420	74 Outperform	1.61B	8.78	25.12%	3.74%	23.59%	0.00%
2209	70 Outperform	2.64B	15.17	35.95%	1.19%	55.02%	25.22%
0178	62 Neutral	1.99B	25.40	6.65%	3.83%	-9.75%	-64.87%
2411	46 Neutral	2.60B	-2.45	-14.26%	0.49%	-15.49%	-544.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

MINISO Group Holding Ltd. Corporate Events

MINISO Chairman Unwinds Collar Transaction, Reaffirms Confidence in Company

MINISO Group Holding Ltd. announced the unwinding of a collar transaction by its Chairman, Mr. Ye Guofu, involving 14,000,000 ordinary shares. This move signifies Mr. Ye’s confidence in the company’s long-term success, as he regains control of the shares previously used as credit support in a prepaid forward contract with a financial institution.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$52.20 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Considers Spin-Off Listing for Pop Toy Business

MINISO Group Holding Ltd. has announced a preliminary assessment of a potential spin-off listing for its pop toy business under the brand ‘TOP TOY’. The company aims to optimize shareholder value through this potential move, though the plan is still in its early stages and subject to market conditions. Stakeholders are advised to exercise caution as there is no assurance regarding the timing or details of the proposed plan.

The most recent analyst rating on (HK:9896) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Secures New Warehouse Lease to Support Business Growth

MINISO Group Holding Ltd. has entered into new lease agreements for warehouse space in Zhaoqing City, Guangdong Province, effective from June 1, 2025, to December 31, 2027. This strategic move is aimed at accommodating the company’s growing business demands by providing additional storage space, improving logistics efficiency, and reducing costs, thereby ensuring stable tenancy and avoiding disruptions from frequent relocations.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$52.20 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Announces Q1 2025 Financial Results

MINISO Group Holding Limited announced its unaudited financial results for the quarter ending March 31, 2025. The announcement, made in accordance with SEC and HKEX regulations, highlights the company’s strategic and operational plans, which include expectations for market growth and product acceptance. Stakeholders are advised to exercise caution due to inherent risks and uncertainties in forward-looking statements.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$52.00 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.

MINISO Group Schedules Board Meeting and Earnings Call for Q1 2025 Results

MINISO Group Holding Limited has announced that its board of directors will meet on May 23, 2025, to review and approve the company’s unaudited financial results for the quarter ending March 31, 2025. The company will also host an earnings conference call on the same day to discuss these results, providing simultaneous interpretation in English. This announcement indicates MINISO’s commitment to transparency and regular communication with its stakeholders, which may impact its market positioning and investor relations positively.

The most recent analyst rating on (HK:9896) stock is a Buy with a HK$52.20 price target. To see the full list of analyst forecasts on MINISO Group Holding Ltd. stock, see the HK:9896 Stock Forecast page.