Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Miniso Group Holding Ltd. is a global value retailer specializing in the retail and wholesale of design-led lifestyle and pop toy products. Operating primarily through its flagship MINISO brand and the TOP TOY brand, the company offers a diverse array of items including home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances, perfumes, stationeries, and gifts. Under TOP TOY, it provides blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, and other trendy toys, often featuring intellectual property collaborations. Miniso Group Holding Ltd. serves customers in Mainland China, the rest of Asia, North and Latin America, Europe, and other international markets through an extensive network of stores designed to deliver a relaxing, treasure-hunting shopping experience. It also engages in brand licensing and online sales of lifestyle products. Founded in 2013 and headquartered in Guangzhou, China, Miniso Group Holding Ltd. plays a significant role in the specialty retail sector of consumer discretionary markets worldwide.
¥11.30
¥0.05 (-0.44%)
EOD Jun 25, 2026 · Twelve Data
18.95% operating margin is respectable but not wide. ROIC at 21.79%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 48.1%, still solid.
Even for strong businesses, today's 11x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
11.0x earnings, 16.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥19.90B
▲ +48.1% YoY
Net Income (TTM)
¥2.16B
▲ +47.9% YoY
Op. Margin
16.27%
▲ +0.5pp YoY
ROIC
21.79%
▲ +3.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥1.41B
▼ -5.8% YoY
Op. Cash Flow (FY)
¥2.54B
▲ +15.7% YoY
Net Debt
-¥3.59B
Net Cash Position
Cash & Equiv.
¥6.70B
3Y CAGR: +23.3%
3Y CAGR: +24.1%
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At a P/E of 11.0 and a price-to-free-cash-flow of 16.8, Miniso Group Holding (MNSO) trades below a two-stage DCF intrinsic value of about CNY 197.66 per share, so at CNY 11.30 the stock looks undervalued (1,649.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Miniso Group Holding scores 96/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 197.66 per share for MNSO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 148.24. At today's CNY 11.30, that puts the stock about 1,649.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Miniso Group Holding scores 96 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 16.3% operating margin and a 21.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Miniso Group Holding pays a regular dividend of about CNY 4.04 per share per year (typically in quarterly installments), a yield of roughly 5.3% at the current price. That is a payout ratio of about 57.6% of earnings, so the dividend is well covered. Miniso Group Holding has grown the dividend at roughly 39.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MNSO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MNSO currently trades below its estimated intrinsic value and scores 96/100 on quality (high-quality). It also yields about 5.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.