A look into MINISO Group Holding Limited (MNSO)’s deeper side

MINISO Group Holding Limited (NYSE: MNSO) stock fell -5.03% on Friday to $28.15 against a previous-day closing price of $29.64. With 2.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.32 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $29.92 whereas the lowest price it dropped to was $27.35. The 52-week range on MNSO shows that it touched its highest point at $29.69 and its lowest point at $4.45 during that stretch. It currently has a 1-year price target of $26.39. With its current market cap of 9.20 billion, MNSO has annualized dividend of $0.41 while the current yield stands at 1.46%. Beta for the stock currently stands at 0.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNSO was up-trending over the past week, with a rise of 5.47%, but this was up by 41.53% over a month. Three-month performance surged to 57.97% while six-month performance rose 50.70%. The stock gained 409.04% in the past year, while it has gained 162.35% so far this year. A look at the trailing 12-month EPS for MNSO yields 0.78 with Next year EPS estimates of 1.24. For the next quarter, that number is 0.25. This implies an EPS growth rate of 168.80% for this year and 21.60% for next year. EPS is expected to grow by 48.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 81.06%.

Float and Shares Shorts:

At present, 313.56 million MNSO shares are outstanding with a float of 299.99 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.09 million, which was 2.24% higher than short shares on Jul 30, 2023. In addition to Mr. Guofu Ye as the firm’s Founder, Chairman of Directors & CEO, Mr. Jingjing Zhang serves as its VP of Capital Markets & CFO.

Institutional Ownership:

Through their ownership of 22.10% of MNSO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.16% of MNSO, in contrast to 14.18% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MNSO with 4.36% of the stake, Canada Pension Plan Investment Bo holds 13,760,799 shares worth 13,760,799. A second-largest stockholder of MNSO, Schroder Investment Management, holds 5,746,952 shares, controlling over 1.82% of the firm’s shares. Acadian Asset Management LLC is the third largest shareholder in MNSO, holding 3,267,144 shares or 1.03% stake. With a 4.26% stake in MNSO, the Canada Pension Plan is the largest stakeholder. A total of 13,471,000 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 1.64% of MNSO stock, is the second-largest Mutual Fund holder. It holds 5,175,022 shares valued at 134.03 million. Carmignac Emergents holds 0.84% of the stake in MNSO, owning 2,657,296 shares worth 68.82 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, MNSO reported revenue of $2.32B and operating income of $233.27M. The EBITDA in the recently reported quarter was $301.27M and diluted EPS was $0.68.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNSO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MNSO analysts setting a high price target of $236.35 and a low target of $48.25, the average target price over the next 12 months is $176.81. Based on these targets, MNSO could surge 739.61% to reach the target high and rise by 71.4% to reach the target low. Reaching the average price target will result in a growth of 528.1% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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