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PARKSON Retail Group Ltd (3368) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$440M

PR PARKSON Retail Group Ltd 3368 · HK
PriceHK$0.1690
Fair ValueHK$0.1168
Upside-30.9%
Quality49/100
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Weak Growth
Loss-making · -4.3% net margin
Moderate debt · generates free cash flow
11.83% dividend yield
Mixed vs. peers (7/13)
Narrow moat 23/100
Evidence: Medium Range HK$0.0839 – HK$0.1168 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 3 days ago

Below-average quality, and screening another 31% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1168). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$0.2090 HK$0.0587 Fair Value HK$0.1168 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0587 – HK$0.2090 · fair‑value band HK$0.0839 – HK$0.1168 · the HK$0.1690 price screens above the HK$0.1168 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PARKSON Retail Group Ltd (3368) currently trades at HK$0.1690, while our model-based Fair Value estimate is HK$0.1168, implying the stock looks roughly 30.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, PARKSON Retail Group Ltd generated revenue of HK$3.5B at a net margin of -4.3%. Revenue declined 6.8% year over year. It earns a return on equity of -5.2%. Net debt stands at HK$5.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0839 (bear case) to HK$0.1168 (bull case); at HK$0.1690, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 129% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at -31%, 3368 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF HK$1.24 HK$1.70 HK$2.42 80
Rev-Margin DCF HK$0.7800 HK$1.22 HK$1.79 74
Gordon GGM HK$0.1600 HK$0.1700 HK$0.1900 70
All 13 models by family
DCF Models
FCF DCF HK$1.18 HK$1.67 HK$2.49 38
Owner Earnings HK$0.2300 HK$0.4300 HK$0.7700 31
5Y Revenue Exit HK$0.7800 HK$1.18 HK$1.77 39
5Y EBITDA Exit HK$0.5700 HK$0.8300 HK$1.17 41
10Y Revenue Exit HK$0.9300 HK$1.22 HK$1.53 36
10Y EBITDA Exit HK$0.8300 HK$1.03 HK$1.21 37
Dividend Discount
Gordon GGM HK$0.1600 HK$0.1700 HK$0.1900 70
DDM Multi-Stage HK$0.1600 HK$0.1800 HK$0.2200 61
Multiples
EV/EBITDA HK$0.1800 HK$0.3800 HK$0.5800 54
EV/Revenue HK$0.5300 HK$0.9400 HK$1.35 43
Asset-Based
NCAV (Graham) HK$0.5400 HK$0.7200 HK$1.07 50
Growth DCF
Growth DCF HK$1.24 HK$1.70 HK$2.42 80
Rev-Margin DCF HK$0.7800 HK$1.22 HK$1.79 74

Widest divergence: Growth DCF (HK$1.22) versus Dividend Discount (HK$0.1700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$3.5B
Revenue growth (YoY) -6.8%
Net margin -4.3%
Return on equity -5.2%
Free cash flow HK$522M FY2025
Operating margin 17.0%
More key figures
EPS (TTM) HK$-0.0596
Dividend yield 11.8%
Net debt HK$5.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 69

Profitability 7
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Parkson Retail Group Limited, an investment holding company, operates as a lifestyle retail operator in the People's Republic of China. The company operates and manages department stores, shopping malls, city outlets, concept stores, and supermarkets.

Full company description

Parkson Retail Group Limited, an investment holding company, operates as a lifestyle retail operator in the People's Republic of China. The company operates and manages department stores, shopping malls, city outlets, concept stores, and supermarkets. It offers fashion and lifestyle related merchandise focusing on four categories, including fashion and apparel, cosmetics and accessories, household and electrical products, and groceries and perishables targeting the young and contemporary market. The company also provides food and beverages management, property management, and consultancy and management services, as well as money lending and credit services. In addition, it engages in domestic and cross-border trading; sale of apparel; and wholesale and retail trade activities. The company was incorporated in 2005 and is headquartered in Shanghai, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PARKSON Retail Group Ltd reported revenue of HK$3.0B in FY2025 versus HK$4.6B in FY2021, a compound −10.3%/yr. Reported net income was −HK$181M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$3.0B
Latest YoY
−18.9%
Avg. growth/yr (3Y) 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.
−6.9%
Avg. growth/yr (5Y) 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.
−7.3%
Avg. growth/yr (21Y) 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.
+6.6%
Revenue −10.3%/yr
FY21 HK$4.6B
FY22 HK$3.7B
FY23 HK$4.1B
FY24 HK$3.7B
FY25 HK$3.0B
Net income
FY21 −HK$176M
FY22 −HK$384M
FY23 HK$66.4M
FY24 −HK$175M
FY25 −HK$181M

3368 screens 31% overvalued. Compare with Falabella S.A →

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Cite: Fair Value Calculator (2026). "PARKSON Retail Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3368

Peer Group

Department Stores · 127 stocks

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.

Quality Score 49 · Below median
Fair Value upside −29% · Below median
Return on assets 2% · Above median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -7% · Below median
Dividend yield (TTM) 11.8% · Top 25%
Debt / equity 0.93× · Higher than 75% of peers

Valuation Multiples vs Department Stores median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than median
EV/EBITDA 2.0× · Cheaper than 75% of peers
PEG 0.89× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 25
FUTURE 0 · sector 2
PAST 0 · sector 15
HEALTH 53 · sector 96
DIVIDEND 100 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 6,380 CLP 8,005 CLP +25%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 220.59 MXN +121%
99 Speed Mart Retail Holdings 5326 3.65 MYR 1.59 MYR -56%
Cencosud S.A CENCOSUD 1,949 CLP 2,425 CLP +24%
Vishal Mega Mart Limited VMM ₹107.00 ₹30.46 -72%
SHINSEGAE Inc 004170 399,000 KRW 177,841 KRW -55%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 54.64 MXN +82%
Lotte Shopping Co 023530 97,300 KRW 76,636 KRW -21%
La Comer, S.A. LACOMERUBC 34.37 MXN 44.99 MXN +31%
Lojas Renner S.A LREN3 R$11.74 R$33.36 +184%

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Frequently asked questions

Is PARKSON Retail Group Ltd (3368) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1168 versus a price of HK$0.1690, about −31% (overvalued).
What is the fair value of 3368?
Our model-based fair value for PARKSON Retail Group Ltd is HK$0.1168 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1690.
What is the quality score of 3368?
PARKSON Retail Group Ltd has a Quality Score of 49/100. 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 revenue of PARKSON Retail Group Ltd (3368)?
PARKSON Retail Group Ltd reported trailing-twelve-month revenue of about HK$3.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3368?
The net profit margin of PARKSON Retail Group Ltd is about -4.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does PARKSON Retail Group Ltd pay a dividend?
PARKSON Retail Group Ltd currently shows a dividend yield of about 11.83% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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