Sunday 11 October 2026
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MINISO Group Holding Limited Unsponsored ADR
MNSO Consumer Cyclical Specialty Retail
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.
9.60
0.53
+5.84%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 17.98 | 9.25 | 4.45 | 10.50 | 12.51 | 13.95 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 31.60 | 35.21 | 13.00 | 29.92 | 25.50 | 27.71 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 3,011 | 3,648 | 3,372 | 3,696 | 7,003 | 8,329 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.42 | 0.38 | 0.46 | 0.45 | 0.34 | 0.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 1,277 | 1,277 | 1,370 | 1,562 | 1,650 | 2,364 | 2,983 | ||||
| Gross margin, % | — | — | — | 30.43 | 30.43 | 26.79 | 30.44 | 38.73 | 44.94 | 44.99 | |||||
| EBT | — | — | — | 11 | 11 | (184) | 140 | 336 | 466 | 266 | |||||
| EBT margin, % | — | — | — | 0.90 | 0.90 | (13.41) | 8.99 | 20.34 | 19.70 | 8.92 | |||||
| Net income | — | 0 | — | 0 | (19) | (216) | 99 | 256 | 367 | 168 | |||||
| Depreciation | — | — | — | 220 | 38 | 40 | 60 | 56 | 112 | 168 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 5.90 | 4.96 | 5.18 | 5.31 | 7.63 | 9.73 | ||||
| Earnings | — | — | — | (0.27) | (0.17) | (0.78) | 0.33 | 0.82 | 1.16 | 0.56 | |||||
| Cash flow | — | — | — | 3.92 | 0.54 | 0.50 | 0.72 | 0.77 | 0.97 | 1.17 | |||||
| Capex | — | — | — | 0.00 | (0.04) | (0.10) | (0.63) | (0.08) | (0.34) | (0.43) | |||||
| Free cash flow | — | — | — | 3.92 | 0.51 | 0.40 | 0.09 | 0.69 | 0.64 | 0.74 | |||||
| Book value | — | — | — | 0.00 | (0.21) | 3.64 | 3.61 | 4.13 | 4.65 | 4.86 | |||||
| Shares, m | — | — | — | 308 | 216 | 276 | 301 | 311 | 310 | 307 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 25.32 | 16.18 | 20.25 | 34.72 | ||||
| P/S | — | — | — | 4.28 | 4.28 | 4.19 | 1.51 | 1.12 | 3.13 | 1.93 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 5.71 | 2.17 | 0.56 | 5.14 | 3.86 | |||||
| EV/Sales | — | — | — | 3.97 | 3.97 | 3.49 | 1.00 | (0.32) | 2.90 | 2.07 | |||||
| EV/FCF | — | — | — | 0.00 | 0.00 | 0.00 | 3.26 | (3.70) | 12.26 | 8.61 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 1,209 | 118 | 138 | 218 | 240 | 302 | 359 | ||||
| Capex | — | — | — | (133) | (8) | (27) | (191) | (24) | (104) | (131) | |||||
| Free cash flow | — | — | — | 1,209 | 109 | 112 | 27 | 215 | 197 | 228 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 238 | 238 | 863 | 664 | 865 | 825 | 781 | ||||
| Total debt | — | — | — | 2 | 113 | 76 | 62 | 436 | 344 | 1,374 | |||||
| Net debt | — | — | — | (405) | (294) | (963) | (804) | (530) | (550) | 419 | |||||
| Shareholders’ equity | — | — | — | (46) | (46) | 1,004 | 1,089 | 1,282 | 1,440 | 1,491 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | (1.10) | (4.49) | (17.47) | 5.88 | 13.82 | 16.35 | 5.15 | ||||
| ROIC | — | — | — | 0.00 | 0.00 | 90.29 | 30.03 | 26.57 | 32.38 | 15.04 | |||||
| ROE | — | — | — | 24.70 | 36.22 | (44.58) | 9.45 | 21.46 | 26.74 | 11.44 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
MINISO Group Holding Limited Unsponsored ADR vs peers in Specialty Retail (Q) = latest quarter vs a year earlier
| 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. | $3.6B | 4.5× | 6.0× | −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. | $3.3B | 8.7× | 8.6× | +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 | $2.7B | 16.3× | 8.3× | +23.53% (above 0%: growing) | n/m | +219.06% (above 0%: growing) | 45.26% | 2.04% | |
| RH RH | $2.2B | 19.8× | 27.9× | +2.56% (above 0%: growing) | +15.22% (above 0%: growing) | +23.83% (above 0%: growing) | 48.24% | 11.67% | Compare |
| SBH Sally Beauty Holdings, Inc. | $1.5B | 8.0× | 5.9× | +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. | $1.4B | 57.7× | 21.8× | +7.43% (above 0%: growing) | +16.67% (above 0%: growing) | +104.50% (above 0%: growing) | 56.87% | 9.43% | Compare |
| ARHS Arhaus, Inc. | $1.4B | 19.5× | 13.3× | +7.38% (above 0%: growing) | +12.00% (above 0%: growing) | +130.85% (above 0%: growing) | 44.71% | 14.10% | Compare |
| EYE National Vision Holdings, Inc. | $1.3B | 26.5× | 22.2× | +2.55% (above 0%: growing) | +45.45% (above 0%: growing) | −133.21% (below 0%: shrinking) | 58.23% | 4.27% | Compare |
| HZO MarineMax, Inc. | $1.2B | 291× | 77.1× | −6.98% (below 0%: shrinking) | n/m | +0.54% (above 0%: growing) | 35.68% | 6.09% | Compare |
| Median of peers | $1.5B | 19.7× | 17.6× | +2.56% | +16.93% | +64.97% | 46.98% | 10.55% |
MINISO Group Holding Limited Unsponsored ADR (MNSO) key facts
- Strength: 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.
- MINISO Group Holding Limited Unsponsored ADR (MNSO) is a Specialty Retail company in the Consumer Cyclical sector, traded in the US as an ADR.
- As of October 9, 2026, MNSO traded at $9.60, a market capitalization of $2.7 billion.
- MINISO Group Holding Limited Unsponsored ADR pays an annual dividend of $0.38 per share, a yield of 3.92%, with a payout ratio of 64.9%.
- Return on equity was 11.4% and debt-to-equity 1.16.
- Its Altman Z-score is 3.02 (safe zone) for fiscal 2025.