WallStSmart

Miniso Group Holding Ltd (MNSO)vsUlta Beauty Inc (ULTA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Miniso Group Holding Ltd generates 79% more annual revenue ($22.71B vs $12.71B). ULTA leads profitability with a 9.4% profit margin vs 9.0%. MNSO trades at a lower P/E of 12.8x. MNSO earns a higher WallStSmart Score of 64/100 (C+).

MNSO

Buy

64

out of 100

Grade: C+

Growth: 9.3Profit: 7.5Value: 7.7Quality: 5.0
Piotroski: 3/9Altman Z: 1.95

ULTA

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 8.0Value: 4.7Quality: 6.0
Piotroski: 3/9Altman Z: 3.41
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MNSOUndervalued (+76.1%)

Margin of Safety

+76.1%

Fair Value

$82.19

Current Price

$12.95

$69.24 discount

UndervaluedFair: $82.19Overvalued
ULTASignificantly Overvalued (-23.0%)

Margin of Safety

-23.0%

Fair Value

$555.27

Current Price

$467.07

$88.20 premium

UndervaluedFair: $555.27Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MNSO5 strengths · Avg: 8.4/10
EPS GrowthGrowth
200.0%10/10

Earnings expanding 200.0% YoY

P/E RatioValuation
12.8x8/10

Attractively priced relative to earnings

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Operating MarginProfitability
26.8%8/10

Strong operational efficiency at 26.8%

Revenue GrowthGrowth
28.5%8/10

Revenue surging 28.5% year-over-year

ULTA3 strengths · Avg: 9.3/10
Return on EquityProfitability
46.1%10/10

Every $100 of equity generates 46 in profit

Altman Z-ScoreHealth
3.4110/10

Safe zone — low bankruptcy risk

P/E RatioValuation
17.5x8/10

Attractively priced relative to earnings

Areas to Watch

MNSO3 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.954/10

Grey zone — moderate risk

Debt/EquityHealth
1.053/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

ULTA2 concerns · Avg: 3.5/10
PEG RatioValuation
1.624/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : MNSO

The strongest argument for MNSO centers on EPS Growth, P/E Ratio, Price/Book. Revenue growth of 28.5% demonstrates continued momentum.

Bull Case : ULTA

The strongest argument for ULTA centers on Return on Equity, Altman Z-Score, P/E Ratio. Revenue growth of 11.1% demonstrates continued momentum.

Bear Case : MNSO

The primary concerns for MNSO are Altman Z-Score, Debt/Equity, Piotroski F-Score.

Bear Case : ULTA

The primary concerns for ULTA are PEG Ratio, Piotroski F-Score.

Key Dynamics to Monitor

MNSO profiles as a growth stock while ULTA is a value play — different risk/reward profiles.

ULTA carries more volatility with a beta of 0.86 — expect wider price swings.

MNSO is growing revenue faster at 28.5% — sustainability is the question.

Monitor SPECIALTY RETAIL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MNSO scores higher overall (64/100 vs 63/100) and 28.5% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Miniso Group Holding Ltd

CONSUMER CYCLICAL · SPECIALTY RETAIL · China

MINISO Group Holding Limited, an investment holding company, is engaged in the retail and wholesale of lifestyle products in China, Asia, America and Europe. The company is headquartered in Guangzhou, China.

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Ulta Beauty Inc

CONSUMER CYCLICAL · SPECIALTY RETAIL · USA

Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc., is an American chain of beauty stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries cosmetics and skincare brands, men's and women's fragrances, nail products, bath and body products, beauty tools and haircare products.

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