Suning Commerce Group Co Ltd (002024) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Suning Commerce Group Co Ltd stock ¥0.40, price ¥1.08, that is 63.0% below the price, quality 42 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥1.04 – ¥6.85 · fair‑value band ¥0.3300 – ¥0.4700 · the ¥1.08 price screens above the ¥0.4000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow Suning Commerce Group Co in your weekly email
Every Wednesday you see whether Suning Commerce Group Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Suning.com Co., Ltd. operates as a retail company in China. The company offers computer and communication products and consumer electronics, as well as home appliances. It also provides logistics and installation and maintenance, as well as online e-commerce services.
Show moreShow less
The company was formerly known as Suning Commerce Group Co., Ltd. and changed its name to Suning.com Co., Ltd. in February 2018. The company was founded in 1990 and is based in Nanjing, China.
Stock analysis
Suning Commerce Group Co Ltd (002024) currently trades at ¥1.08, while our model-based Fair Value estimate is ¥0.4000, 63% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Economic Profit group reads highest at a median of ¥0.8100 per share, and 1 of the 21 models we run sit above the ¥1.08 price.
Bear case: the Earnings-Based group reads lowest at ¥0.0800, and 20 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.3300 (bear) to ¥0.4700 (bull), the price of ¥1.08 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Suning Commerce Group Co Ltd reported revenue of 49.0B CNY in FY2025 versus 139B CNY in FY2021, a compound −22.9%/yr. Reported net income was 58.1M CNY in FY2025.
Key figures
Market cap 10.0B CNY (≈ $1.5B) Small · P/E ratio 53.0 · P/S ratio 0.23 · EPS (TTM) ¥0.0200 · Dividend yield 10.7% · Net margin 0.3% · Return on equity 3.4% · Return on assets (EBIT) −9.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −5% fair-value upside, at −63%, 002024 screens richer than that median.
Fair Value models
Bear¥0.3300Fair Value ¥0.4000Bull¥0.4700
Price ¥1.08 · Downside -63.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0171 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−11.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−28.0%
Start year 2020 (pandemic). Over 10 years: −9.7% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−53.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−64.2%
Dividend (yield on the price)10.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−64.2% vs −25.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3% → −1%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−14.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −16.0% a year for the price.
Compare Suning Commerce Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Retail · 203 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−63.0% · Bottom 25%
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets0.6% · Bottom 25%
Net margin (12 months)4.1% · Above median
Operating margin (12 months)−6.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−27.9% · Bottom 25%
Dividend yield (12 months)10.7% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Specialty Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Suning Commerce Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002024
Frequently asked questions
Is Suning Commerce Group Co Ltd (002024) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥0.4000 versus a price of ¥1.08, about 63% lower (overvalued).
What is the fair value of 002024?
Our model-based fair value for Suning Commerce Group Co Ltd is ¥0.4000 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥1.08.
What is the quality score of 002024?
Suning Commerce Group Co Ltd has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Suning Commerce Group Co Ltd (002024)?
Our model-based price target is the fair value of ¥0.4000 (as of Nov 3, 2026) from 21 valuation models. Cautious scenario ¥0.3300, optimistic scenario ¥0.4700. It is a calculation from audited fundamentals, not an analyst target.
What is the Suning Commerce Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.4000, about 63% lower versus a price of ¥1.08 (overvalued). Cautious scenario ¥0.3300, optimistic scenario ¥0.4700. The calculation is refreshed regularly with new filings.
What is the revenue of Suning Commerce Group Co Ltd (002024)?
Suning Commerce Group Co Ltd reported trailing-twelve-month revenue of about 41.6B CNY (latest available figure, as of Nov 3, 2026).
Does Suning Commerce Group Co Ltd pay a dividend?
Suning Commerce Group Co Ltd currently shows a dividend yield of 10.74% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Suning Commerce Group Co Ltd (002024)?
Suning Commerce Group Co Ltd has a dividend yield of 10.7%.
What growth is priced into Suning Commerce Group Co Ltd (002024)?
For today's price to be fair in a discounted-cash-flow model, Suning Commerce Group Co Ltd would have to grow free cash flow by -14.6 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -28.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 002024 use?
Our models discount Suning Commerce Group Co Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.56, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Suning Commerce Group Co Ltd that is -14.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Suning Commerce Group Co Ltd (002024) delivered so far?
Over the past 5 years revenue at Suning Commerce Group Co Ltd grew -28.0 % a year. The price currently implies free-cash-flow growth of -14.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Suning Commerce Group Co Ltd (002024) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Suning Commerce Group Co Ltd (-14.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Suning Commerce Group Co Ltd (002024)?
The free-cash-flow yield on the price is 19.79 %: that much free cash flow Suning Commerce Group Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Suning Commerce Group Co Ltd (002024)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Suning Commerce Group Co Ltd it is ¥0.4000 per share (as of Nov 3, 2026), against a price of ¥1.08. It is the blended result of 21 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Suning Commerce Group Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 002024 trades above its calculated fair value: price ¥1.08, fair value ¥0.4000, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002024?
No. The price is what the market pays today (¥1.08); the fair value is what the company's own numbers justify (¥0.4000). For Suning Commerce Group Co Ltd the two are ¥0.6800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Suning Commerce Group Co Ltd worth?
The market values Suning Commerce Group Co Ltd at about 10.0B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥1.08; our models calculate a fair value of ¥0.4000 per share.
What do the bullish and bearish scenarios say about 002024?
Our models span a range for Suning Commerce Group Co Ltd: cautious scenario ¥0.3300, base ¥0.4000, optimistic ¥0.4700 per share (as of Nov 3, 2026, price ¥1.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002024?
Suning Commerce Group Co Ltd trades at a price-to-earnings ratio of 53.0 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.4000 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings: 28.4. Other multiples: PEG 2.5, P/B 0.8, P/S 3.0.
What is the PEG ratio of 002024?
The PEG ratio of Suning Commerce Group Co Ltd is 2.51 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Suning Commerce Group Co Ltd (002024)?
Balance-sheet figures for Suning Commerce Group Co Ltd (as of Nov 3, 2026): return on equity 3.4%, debt of 0.07 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 002024 from its 52-week high?
Suning Commerce Group Co Ltd trades at ¥1.08, about 42% below its 52-week high of ¥1.85 and 4% above the low of ¥1.04 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.4000 is for.
Which stocks are comparable to Suning Commerce Group Co Ltd?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, Casey's General Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Suning Commerce Group Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥1.08, calculated fair value ¥0.4000 (−63%), Quality Score 42/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002024 calculated?
We run Suning Commerce Group Co Ltd through 21 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥0.4000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Suning Commerce Group Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Suning Commerce Group Co Ltd (002024)?
The closing price on Nov 6, 2026 was ¥1.08. Our model-based fair value is ¥0.4000, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Suning Commerce Group Co Ltd right now?
The price sits above even our optimistic bull case (¥0.4700). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Suning Commerce Group Co Ltd
How large is the market capitalisation of Suning Commerce Group Co Ltd (002024)?
The market capitalisation of Suning Commerce Group Co Ltd is 10.0B CNY (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Suning Commerce Group Co Ltd (002024)?
The price-to-sales ratio of Suning Commerce Group Co Ltd is 0.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Suning Commerce Group Co Ltd (002024)?
Earnings per share at Suning Commerce Group Co Ltd are ¥0.0200 (price ÷ EPS = P/E 53.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Suning Commerce Group Co Ltd (002024)?
The dividend yield of Suning Commerce Group Co Ltd is 10.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Suning Commerce Group Co Ltd (002024)?
The net margin of Suning Commerce Group Co Ltd is 0.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Suning Commerce Group Co Ltd (002024)?
The return on equity (ROE) of Suning Commerce Group Co Ltd is 3.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Suning Commerce Group Co Ltd (002024)?
On an EBIT basis the return on assets of Suning Commerce Group Co Ltd is −9.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Suning Commerce Group Co Ltd (002024)?
The operating margin of Suning Commerce Group Co Ltd is −6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Suning Commerce Group Co Ltd (002024)?
Revenue at Suning Commerce Group Co Ltd is growing −27.9% versus a year earlier (3y avg −11.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Suning Commerce Group Co Ltd (002024)?
Earnings per share at Suning Commerce Group Co Ltd are growing +223% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Suning Commerce Group Co Ltd (002024) carry?
The net debt of Suning Commerce Group Co Ltd is 16.8B CNY (fiscal year 2025, ≈ 8.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Suning Commerce Group Co Ltd in the live analysis
One click puts Suning Commerce Group Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 3, 2026