Saturday 31 October 2026 Export MNSO’s income statement to Excel — free account

MINISO Group Holding Limited Unsponsored ADR

MINISO Group Holding Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 26.2% from fiscal 2024. In the quarter to June 2026, revenue grew 23.5%, EPS fell 163.6%, free cash flow grew 219.1% and total debt rose 34.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

10.23 0.36 +3.65%

Follow MNSO

Alert me

Market cap: $2.9B
P/E: 17.3×
Fwd P/E: 9.5×
Dividend yield: 3.69%
F-score: n/a
Altman Z: 3.02
Beneish M: −2.22
Dividend safety: 26/100

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total buys 14.14

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	2	—	—	—	1	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 4.29%

Capital & Financial Ratios $m

Market Cap 2,900.00

Revenue 3,360.54

Net Income 168.29

Free Cash Flow 716.73

Net Debt 729.73

Current Ratio 1.57

Debt/Equity 1.16

P/E ratio 17.31

Fwd P/E 9.54

P/S ratio 0.93

P/B ratio 2.02

Past 5Y EPS Growth —

This Y EPS Growth 92.12%

Next Y EPS Growth 18.23%

Next Y revenue growth 24.48%

Next 5Y EPS Growth 38.11%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 33.83%

10-year low 10-year high

P/S against its own 10 years 2.96%

10-year low 10-year high

P/B against its own 10 years 15.22%

10-year low 10-year high

EV/Sales against its own 10 years 22.00%

10-year low 10-year high

EV/FCF against its own 10 years 21.26%

10-year low 10-year high

Dividends

Payout Ratio 0.65

Annual Dividend Rate 0.38

Annual Dividend Yield 3.69%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.60	0.38
2025	0.62	0.33 0.29
2024	0.27	0.29 0.27
2023	0.41	0.41
2022	0.00	0.17
2021	0.00	0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	967	894	956	1,054
Receivables	165	307	460	509
Inventory	209	383	513	522
Other	84	37	30	36
	1,424	1,621	1,959	2,121

	2023	2024	2025	Q'26
Payables	434	549	628	653
ST’ Debt	355	79	244	347
Other	42	45	134	152
	559	797	1,179	1,352

Compound Annual Growth %

	10y	5y	3y
Sales	—	18.50%	24.06%
Cash Flow	—	24.99%	18.08%
Earnings	—	0.00%	19.25%
Book Value	—	0.00%	11.06%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.31 Actual 0.26

0.24 0.28 0.33 0.37 0.41

Jun 2026 Miss −0.05

Sep 2026 — Nov 19

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Jun 2026	0.31	0.26	Miss by 0.05
Sep 2026	0.39	—	Reports 19 November 2026

EPS $

	Sep	Dec	Mar	Jun	Year
’26	—	—	0.59	(0.14)	—
’25	0.20	(0.07)	0.19	0.22	0.56
’24	0.27	0.29	0.26	0.26	1.15
’23	0.19	0.16	0.22	0.48	0.82
’22	0.08	0.08	0.05	0.10	0.33
’21	(1.04)	0.01	0.06	0.06	(0.78)
’20	—	(0.10)	0.03	(0.02)	(0.17)

Fiscal quarters ending in the months shown.

Revenue $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	825	856	—
’25	814	865	610	693	2,983
’24	520	541	516	555	2,364
’23	390	362	430	3,632	1,650
’22	412	435	369	346	1,562
’21	305	352	340	372	1,370
’20	—	—	234	219	1,277

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	359	359
’24	—	179	—	302	302
’23	—	—	—	—	240
’22	165	—	—	115	218
’21	—	138	—	—	138
’20	—	118	—	—	118

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	228	228
’24	—	137	—	197	197
’23	—	—	—	(11)	215
’22	(25)	(191)	—	(61)	27
’21	—	112	—	—	112
’20	—	109	—	—	109

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	—	—	—	—	17.98	9.25	4.45	10.50	12.51	13.95		(4.9%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	—	—	—	—	31.60	35.21	13.00	29.92	25.50	27.71		(2.6%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	—	—	—	—	3,011	3,648	3,372	3,696	7,003	8,329		+22.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	—	—	—	0.00	0.42	0.38	0.46	0.45	0.34	0.36		n/m	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	—	—	—	1,277	1,277	1,370	1,562	1,650	2,364	2,983		+15.2%	3,713	4,187	4,660	+16.0%
	Gross margin, %	—	—	—	30.43	30.43	26.79	30.44	38.73	44.94	44.99		+14.6 pt	Powerpack MINISO Group Holding Limited Unsponsored ADR’s next three years, line by line Analysts expect revenue to grow 16.0% a year to 2028 — faster than the 15.2% of the last 6 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	—	—	—	11	11	(184)	140	336	466	266		+68.8%
	EBT margin, %	—	—	—	0.90	0.90	(13.41)	8.99	20.34	19.70	8.92		+8.0 pt
	Net income	—	0	—	0	(19)	(216)	99	256	367	168		n/m
	Depreciation	—	—	—	220	38	40	60	56	112	168		(4.4%)
Per share, $
Per share, $	Revenue	—	—	—	0.00	5.90	4.96	5.18	5.31	7.63	9.73		n/m
	Earnings	—	—	—	(0.19)	(0.17)	(0.78)	0.33	0.82	1.16	0.56		n/m
	Cash flow	—	—	—	5.59	0.54	0.50	0.72	0.77	0.97	1.17		(22.9%)
	Capex	—	—	—	0.00	(0.04)	(0.10)	(0.63)	(0.08)	(0.34)	(0.43)		n/m
	Free cash flow	—	—	—	5.59	0.51	0.40	0.09	0.69	0.64	0.74		(28.6%)
	Book value	—	—	—	0.00	(0.21)	3.64	3.61	4.13	4.65	4.86		n/m
	Shares, m	—	—	—	216	216	276	301	311	310	307		+6.0%
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	25.32	16.18	20.25	34.72		13.8
	P/S	—	—	—	4.28	4.28	4.19	1.51	1.12	3.13	1.93		2.9
	P/B	—	—	—	0.00	0.00	5.71	2.17	0.56	5.14	3.86		2.5
	EV/Sales	—	—	—	3.97	3.97	3.49	1.00	(0.32)	2.90	2.07		2.4
	EV/FCF	—	—	—	0.00	0.00	0.00	3.26	(3.70)	12.26	8.61		2.9
Cash, $m
Cash, $m	Operating cash flow	—	—	—	1,209	118	138	218	240	302	359		(18.3%)
	Capex	—	—	—	(133)	(8)	(27)	(191)	(24)	(104)	(131)		(0.2%)
	Free cash flow	—	—	—	1,209	109	112	27	215	197	228		(24.3%)
Balance, $m
Balance, $m	Working capital	—	—	—	238	238	863	664	865	825	781		+21.9%
	Total debt	—	—	—	2	113	76	62	436	344	1,374		+193.2%
	Net debt	—	—	—	(405)	(294)	(963)	(804)	(530)	(550)	419		n/m
	Shareholders’ equity	—	—	—	(46)	(46)	1,004	1,089	1,282	1,440	1,491		n/m
Returns, %
Returns, %	ROA	—	—	—	(1.10)	(4.49)	(17.47)	5.88	13.82	16.35	5.15		+6.3 pt
	ROIC	—	—	—	0.00	0.00	90.29	30.03	26.57	32.38	15.04		+15.0 pt
	ROE	—	—	—	24.70	36.22	(44.58)	9.45	21.46	26.74	11.44		(13.3) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BBWI Bath & Body Works, Inc.	$4.6B	5.9×	7.5×	−2.26% (below 0%: shrinking)	+93.33% (above 0%: growing)	+123.23% (above 0%: growing)	45.71%	14.27%	Compare
ASO Academy Sports and Outdoors, Inc.	$3.7B	9.7×	9.4×	+2.97% (above 0%: growing)	+16.93% (above 0%: growing)	+435.22% (above 0%: growing)	40.42%	14.96%	Compare
MNSO MINISO Group Holding Limited Unsponsored ADR	$2.9B	17.3×	9.5×	+23.53% (above 0%: growing)	n/m	+219.06% (above 0%: growing)	45.26%	2.04%
RH RH	$2.9B	24.7×	21.6×	+2.56% (above 0%: growing)	+15.22% (above 0%: growing)	+23.83% (above 0%: growing)	48.24%	11.67%	Compare
BOBS Bob's Discount Furniture, Inc.	$2.2B	14.4×	15.4×	+16.29% (above 0%: growing)	+267.89% (above 0%: growing)	+395.99% (above 0%: growing)	51.50%	12.67%	Compare
ARHS Arhaus, Inc.	$1.8B	25.0×	23.2×	+7.38% (above 0%: growing)	+12.00% (above 0%: growing)	+130.85% (above 0%: growing)	44.71%	14.10%	Compare
SBH Sally Beauty Holdings, Inc.	$1.7B	9.1×	8.8×	+0.23% (above 0%: growing)	+23.91% (above 0%: growing)	+25.44% (above 0%: growing)	52.41%	9.24%	Compare
SVV Savers Value Village, Inc.	$1.5B	57.6×	21.7×	+7.43% (above 0%: growing)	+16.67% (above 0%: growing)	+104.50% (above 0%: growing)	56.87%	9.43%	Compare
EYE National Vision Holdings, Inc.	$1.3B	26.4×	23.8×	+2.55% (above 0%: growing)	+45.45% (above 0%: growing)	−133.21% (below 0%: shrinking)	58.23%	4.27%	Compare
Median of peers	$2.0B	19.5×	18.5×	+2.77%	+20.42%	+113.87%	49.87%	12.17%

All 45 Specialty Retail stocks →