It's not a stretch to say that MINISO Group Holding Limited's (NYSE:MNSO) price-to-earnings (or "P/E") ratio of 16x right now seems quite "middle-of-the-road" compared to the market in the United States, where the median P/E ratio is around 17x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
Recent times have been pleasing for MINISO Group Holding as its earnings have risen in spite of the market's earnings going into reverse. It might be that many expect the strong earnings performance to deteriorate like the rest, which has kept the P/E from rising. If you like the company, you'd be hoping this isn't the case so that you could potentially pick up some stock while it's not quite in favour.
NYSE:MNSO Price to Earnings Ratio vs Industry July 3rd 2024 If you'd like to see what analysts are forecasting going forward, you should check out our free report on MINISO Group Holding.
Is There Some Growth For MINISO Group Holding?
There's an inherent assumption that a company should be matching the market for P/E ratios like MINISO Group Holding's to be considered reasonable.
Retrospectively, the last year delivered an exceptional 82% gain to the company's bottom line. However, the latest three year period hasn't been as great in aggregate as it didn't manage to provide any growth at all. So it appears to us that the company has had a mixed result in terms of growing earnings over that time.
Shifting to the future, estimates from the analysts covering the company suggest earnings should grow by 15% per year over the next three years. That's shaping up to be materially higher than the 10% per year growth forecast for the broader market.
In light of this, it's curious that MINISO Group Holding's P/E sits in line with the majority of other companies. Apparently some shareholders are skeptical of the forecasts and have been accepting lower selling prices.
The Key Takeaway
Typically, we'd caution against reading too much into price-to-earnings ratios when settling on investment decisions, though it can reveal plenty about what other market participants think about the company.
We've established that MINISO Group Holding currently trades on a lower than expected P/E since its forecast growth is higher than the wider market. There could be some unobserved threats to earnings preventing the P/E ratio from matching the positive outlook. It appears some are indeed anticipating earnings instability, because these conditions should normally provide a boost to the share price.
Many other vital risk factors can be found on the company's balance sheet. You can assess many of the main risks through our free balance sheet analysis for MINISO Group Holding with six simple checks.
Of course, you might also be able to find a better stock than MINISO Group Holding. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
MINISO Group Holding Limited(NYSE:MNSO)の現在のP/E比が16倍であり、米国市場の中央値P/E比が約17倍であることから、今はかなり「中道」に見えると言っても過言ではありません。ただし、P/Eに合理的な根拠がない場合、投資家は明確な機会または潜在的な打撃を見落とす可能性があります。
最近の時代は、市場の収益が逆転しているにもかかわらず、MINISO Group Holdingは収益を上げており、多くの人々が残りの収益が悪化することを予想していることが考えられます。これは、P/Eが上昇しなかった原因となっています。企業が好きな場合は、それが好調でない間にいくつかの株式を手に入れることができることを望むべきです。
NYSE:MNSOのP/E比と業種の比較 2024年7月3日将来の予測を知りたい場合は、MINISO Group Holdingについての無料レポートをご覧ください。
MINISO Group Holdingの成長はありますか?
MINISO Group HoldingのP/E比率は、市場に合わせるべきという根本的な前提があります。
予測される成長が市場全体よりも高いため、MINISO Group HoldingのP/E比が期待されるよりも低い水準で取引されていることがわかりました。肯定的な見通しにもかかわらず、利益を妨げるいくつかの見落とせない脅威があります。株価にはプラスの影響を与えるはずの状況であるため、いくつかの見通し不安があるようです。
会社のバランスシートには、多くの重要なリスク要因が含まれています。MINISO Group Holdingの無料バランスシート分析で、6つの簡単なチェックを通じて、主要なリスクを評価することができます。
もちろん、MINISO Group Holdingよりも優れた株式を見つけることもできます。そこで、P/E比が合理的で、収益が強く成長している他の企業の無料コレクションを見てみると良いでしょう。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。