Top Pick for Multi-bagger

Strong Q1 2024 Performance

In Q1 2024, $MNSO revenue surged 26% year-on-year to $515.7 million, with adjusted EBITDA margin expanding by 200 basis points to 25.9%. This growth was fueled by a robust strategy of opening new stores globally.

Aggressive Expansion Plans

$MNSO plans to open 900 to 1,100 stores annually from 2024 to 2028, aiming for a revenue CAGR of over 20%. As operational efficiency improves, sustained EBITDA margin growth is expected, enhancing the potential for higher dividends.

Market Growth Potential

$MNSO market growth outlook is projected to be around 9% for the next decade, indicating robust potential for expansion.

Efficient Operations

With capital expenditure representing only 15-20% of its cash from operations, $MNSO operates efficiently, requiring minimal funds for smooth operations.

Rising Margins

$MNSO margins are rising, with EBITDA improving from 7% to 23%. We expect this to stabilize around +20%, further strengthening profitability.

Financial Strength

Debt-free and holding a cash reserve of ~$878 million USD, $MNSO is well-positioned for strategic growth.

Strong Insider Confidence

Additionally, 69% insider $MNSO ownership underscores strong confidence in the company's future.

Top Pick for Multi-Bagger

Returns $MNSO is one of my top picks for a multi-bagger in the next decade. As of today's price, it isn't the best entry point. I would wait for ~$20 to keep adding more shares.

What are your thoughts? Let's discuss it!