MINISO Group Holding Limited (MNSO) Financial Ratios
7 years of historical data (2018–2024) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
8.09
↑+319% vs avg
5yr avg: 1.93
30Y Low1.2·High2.6
P/FCF
↓
21.79
↑+217% vs avg
5yr avg: 6.88
30Y Low3.6·High13.9
P/B Ratio
↓
3.04
↑+373% vs avg
5yr avg: 0.64
30Y Low0.3·High0.9
ROE
↑
26.8%
↓+248% vs avg
5yr avg: 7.7%
30Y Low-45%·High27%
Debt/EBITDA
↓
0.92
↓-31% vs avg
5yr avg: 1.32
30Y Low0.4·High2.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MNSO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MINISO Group Holding Limited trades at 12.0x earnings, 73% above its 5-year average of 7.0x, sitting at the 75th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 39%. On a free-cash-flow basis, the stock trades at 21.8x P/FCF, 217% above the 5-year average of 6.9x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.5B | $7.4B | $6.4B | $5.3B | $2.4B | $5.7B | — | — |
| Enterprise Value | $4.0B | $4.2B | $1.2B | $-268802550 | $-2302828024 | $-206676253 | — | — |
| P/E Ratio → | 12.04 | 2.84 | 18.21 | 3.01 | 3.77 | — | — | — |
| P/S Ratio | 1.80 | 0.44 | 2.96 | 0.46 | 1.53 | 0.63 | — | — |
| P/B Ratio | 3.04 | 0.72 | 0.69 | 0.60 | 0.34 | 0.86 | — | — |
| P/FCF | 21.79 | 5.30 | 3.83 | 3.57 | 13.88 | 7.80 | — | — |
| P/OCF | 14.13 | 3.43 | 2.91 | 3.20 | 1.70 | 6.26 | — | — |
P/E links to full P/E history page with 30-year chart
MNSO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
MINISO Group Holding Limited's enterprise value stands at 8.1x EBITDA, 319% above its 5-year average of 1.9x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.25 | 0.57 | -0.02 | -1.47 | -0.02 | — | — |
| EV / EBITDA | 8.09 | 1.25 | 2.61 | -0.12 | -2.45 | -0.48 | — | — |
| EV / EBIT | 8.27 | 1.34 | 0.58 | -0.13 | -2.84 | -0.46 | — | — |
| EV / FCF | — | 3.01 | 0.73 | -0.18 | -13.38 | -0.28 | — | — |
MNSO Profitability
Margins and return-on-capital ratios measuring operating efficiency
MINISO Group Holding Limited earns an operating margin of 19.5%, significantly above the Consumer Cyclical sector average of 2.9%. ROE of 26.8% indicates solid capital efficiency, compared to the sector median of 5.6%. ROIC of 44.5% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.9% | 44.9% | 42.5% | 38.7% | 30.4% | 26.8% | 30.4% | 26.7% |
| Operating Margin | 19.5% | 19.5% | 20.0% | 19.4% | 56.5% | 4.4% | 8.5% | 10.8% |
| Net Profit Margin | 15.4% | 15.4% | 104.6% | 15.4% | 40.8% | -15.6% | -2.9% | -3.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| ROE | 26.8% | 26.8% | 24.9% | 22.2% | 9.3% | -44.7% | — | — |
| ROA | 16.1% | 16.1% | 16.1% | 14.3% | 5.8% | -17.1% | -4.7% | -5.6% |
| ROIC | 44.5% | 44.5% | 8.8% | 32.7% | 17.4% | 42.6% | — | — |
| ROCE | 29.5% | 29.5% | 4.4% | 26.1% | 12.0% | 8.2% | 34.0% | 51.3% |
MNSO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
MINISO Group Holding Limited carries a Debt/EBITDA ratio of 0.9x, which is very conservative (79% below the sector average of 4.4x). The company holds a net cash position — cash of $6.3B exceeds total debt of $3.1B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 256.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.14 | 0.10 | 0.09 | 0.12 | — | — |
| Debt / EBITDA | 0.92 | 0.92 | 2.68 | 0.40 | 0.70 | 1.91 | 1.27 | 0.48 |
| Net Debt / Equity | — | -0.31 | -0.56 | -0.63 | -0.67 | -0.89 | — | — |
| Net Debt / EBITDA | -0.95 | -0.95 | -11.05 | -2.48 | -4.99 | -13.78 | -2.28 | -1.00 |
| Debt / FCF | — | -2.29 | -3.10 | -3.75 | -27.26 | -8.08 | -2.38 | -1.13 |
| Interest Coverage | 256.83 | 256.83 | 60.47 | 64.21 | 26.41 | 14.14 | 24.46 | 40.33 |
Net cash position: cash ($6.3B) exceeds total debt ($3.1B)
MNSO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
MINISO Group Holding Limited's current ratio of 2.04x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.55x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.55x to 2.04x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 2.34 | 2.55 | 2.13 | 2.64 | 1.51 | 1.39 |
| Quick Ratio | 1.55 | 1.55 | 1.90 | 2.18 | 1.82 | 2.20 | 1.08 | 0.99 |
| Cash Ratio | 1.17 | 1.17 | 1.50 | 1.87 | 0.23 | 1.97 | 0.86 | 0.59 |
| Asset Turnover | — | 0.94 | 0.15 | 0.85 | 0.14 | 0.85 | 1.54 | 1.80 |
| Inventory Turnover | 3.40 | 3.40 | 0.63 | 4.85 | 0.91 | 4.33 | 4.48 | 5.26 |
| Days Sales Outstanding | — | 40.73 | 72.33 | 30.28 | 188.96 | 14.01 | 24.41 | 28.82 |
MNSO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MINISO Group Holding Limited returns 5.0% to shareholders annually — split between a 3.9% dividend yield and 1.0% buyback yield. A payout ratio of 47.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.9% | 16.7% | 28.9% | 7.0% | 12.8% | — | — | — |
| Payout Ratio | 47.5% | 47.5% | 82.0% | 21.0% | 48.0% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 35.2% | 5.5% | 33.2% | 26.5% | — | — | — |
| FCF Yield | 4.6% | 18.9% | 26.1% | 28.0% | 7.2% | 12.8% | — | — |
| Buyback Yield | 1.0% | 4.2% | 5.0% | 0.7% | 3.6% | 0.0% | — | — |
| Total Shareholder Yield | 5.0% | 20.9% | 34.0% | 7.6% | 16.4% | 0.0% | — | — |
| Shares Outstanding | — | $312M | $313M | $314M | $304M | $276M | $304M | $304M |
Peer Comparison
Compare MNSO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MNSOYou | $4B | 12.0 | 8.1 | 21.8 | 44.9% | 19.5% | 26.8% | 44.5% | 0.9 |
 FIVE | $13B | 36.3 | 21.9 | 31.4 | 32.0% | 9.6% | 17.9% | 9.9% | 3.1 |
 DG | $26B | 17.0 | 12.4 | 10.7 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 GO | $781M | -3.5 | — | 32.8 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 WSM | $23B | 21.1 | 14.2 | 21.8 | 46.2% | 18.1% | 51.5% | 44.3% | 0.9 |
 BBBY | $383M | -3.8 | — | — | 24.7% | -5.9% | -44.5% | -91.0% | — |
 TJX | $173B | 31.9 | 22.4 | 35.5 | 31.0% | 11.9% | 59.1% | 25.5% | 2.7 |
 BURL | $20B | 33.3 | 18.0 | 116.8 | 40.3% | 7.3% | 23.2% | 10.3% | 3.2 |
 OLLI | $5B | 21.5 | 14.7 | 17.3 | 40.5% | 12.2% | 13.4% | 11.1% | 1.8 |
 BABA | $342B | 18.0 | 13.6 | 29.8 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
 JD | $47B | 7.8 | 6.5 | 7.3 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonMNSO — Frequently Asked Questions
Quick answers to the most common questions about buying MNSO stock.
What is MINISO Group Holding Limited's P/E ratio?
MINISO Group Holding Limited's current P/E ratio is 12.0x. The historical average is 7.0x. This places it at the 75th percentile of its historical range.
What is MINISO Group Holding Limited's EV/EBITDA?
MINISO Group Holding Limited's current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.9x.
What is MINISO Group Holding Limited's ROE?
MINISO Group Holding Limited's return on equity (ROE) is 26.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.7%.
Is MNSO stock overvalued?
Based on historical data, MINISO Group Holding Limited is trading at a P/E of 12.0x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is MINISO Group Holding Limited's dividend yield?
MINISO Group Holding Limited's current dividend yield is 3.95% with a payout ratio of 47.5%.
What are MINISO Group Holding Limited's profit margins?
MINISO Group Holding Limited has 44.9% gross margin and 19.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does MINISO Group Holding Limited have?
MINISO Group Holding Limited's Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.