Shenyang Toly Bread Co vs Loblaw Companies: Fair Value & Quality
Both stocks run through our valuation models. Here is how Shenyang Toly Bread Co (603866) and Loblaw Companies (L) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Shenyang Toly Bread Co as the less overvalued of the two: Shenyang Toly Bread Co trades at ¥4.35 versus a fair value of ¥3.73 (-14%), while Loblaw Companies trades at C$61.97 versus C$44.44 (-28%).
Shenyang Toly Bread Co
603866.SHG · CNY · Consumer Staples
-14%
upside to fair value
overvalued
Price¥4.35
Fair Value¥3.73
Quality59/100
Loblaw Companies
L.TO · CAD · Consumer Staples
-28%
upside to fair value
overvalued
PriceC$61.97
Fair ValueC$44.44
Quality70/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Shenyang Toly Bread CoLoblaw Companies
Valuation
27.2×P/E (TTM)29.6×
1.29×P/S (TTM)0.85×
1.34×P/B4.96×
9.7×EV/EBITDA10.4×
—PEG5.23×
4.7%Dividend yield0.9%
¥0.20Dividend per shareC$0.56
Profitability
5%Net margin4%
7%Operating margin7%
5%Return on equity24%
4%Return on assets7%
Growth
-3%Revenue growth (YoY)4%
-6.6%Avg. growth/yr (3Y)4.2%
-1.8%Avg. growth/yr (5Y)3.9%
Balance & size
0.14×Debt / equity0.53×
$1BMarket cap$55B
weakGrowth qualityhealthy
Shenyang Toly Bread Co leads: 7 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Shenyang Toly Bread Coof which business quality 60 · market factors 40Loblaw Companiesof which business quality 67 · market factors 60
ProfitabilityMargins and returns on capital today
36
69
Quality GrowthAre margins and returns improving?
25
51
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
85
94
Low VolatilityCalm price path (market factor)
93
93
MomentumPrice trend over the last 3–12 months (market factor)
15
44
52W MomentumDistance to the 52-week high (market factor)
20
50
Net IssuanceBuybacks instead of dilution
81
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Shenyang Toly Bread Co
DCF Models¥3.87
Earnings-Based¥1.48
Dividend Discount¥2.36
Multiples¥3.81
Asset-Based¥2.18
Growth DCF¥3.96
Economic Profit¥2.25
Growth Earnings¥3.23
22 of 26 models see the stock below the current price.
Loblaw Companies
DCF ModelsC$47.64
Earnings-BasedC$28.09
Dividend DiscountC$10.70
MultiplesC$46.88
Asset-BasedC$6.35
Growth DCFC$49.73
Economic ProfitC$25.87
Growth EarningsC$39.55
22 of 25 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Shenyang Toly Bread Co
Bear ¥2.52Fair Value ¥3.73Bull ¥4.66
¥4.35 = current price (white tick)
Loblaw Companies
Bear C$29.22Fair Value C$44.44Bull C$60.15
C$61.97 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Free, no sign-up
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Shenyang Toly Bread Co · Consumer Staples
Quality score59 · above median
Fair value upside-14% · below median
Loblaw Companies · Consumer Staples
Quality score70 · Top 25%
Fair value upside-28% · below median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Shenyang Toly Bread Co as the less overvalued of the two: Shenyang Toly Bread Co trades at ¥4.35 versus a fair value of ¥3.73 (-14%), while Loblaw Companies trades at C$61.97 versus C$44.44 (-28%).
Loblaw Companies has the higher quality score (70/100).
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
