ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) fair value: what the stock is really worth
As of Sep 21, 2026: fair value of ZHONGMIN BAIHUI RETAIL GRP LTD S$0.57, price S$0.42, upside +35.7%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Zhongmin Baihui Retail Group Ltd., an investment holding company, owns, operates, and manages a chain of department stores and supermarkets in the People's Republic of China. The company operates 15 stores under the Zhongmin Baihui brand. Its supermarkets provide fresh produce, daily necessities, food, toys, and other household essentials.
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Zhongmin Baihui Retail Group Ltd., an investment holding company, owns, operates, and manages a chain of department stores and supermarkets in the People's Republic of China. The company operates 15 stores under the Zhongmin Baihui brand. Its supermarkets provide fresh produce, daily necessities, food, toys, and other household essentials. Zhongmin Baihui Retail Group Ltd. was founded in 1997 and is based in Singapore.
Stock analysis
ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) currently trades at 0.4200 SGD, while our model-based Fair Value estimate is 0.5700 SGD, implying the stock looks roughly 26.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.7200 SGD per share, and 13 of the 19 models we run sit above the 0.4200 SGD price.
Bear case: the Asset-Based group reads lowest at 0.1500 SGD, and 6 of the 19 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.4500 SGD (bear) to 0.7400 SGD (bull), the price of 0.4200 SGD sits below 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 49/100 (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.
ZHONGMIN BAIHUI RETAIL GRP LTD reported revenue of 951M CNY in FY2024 versus 1.1B CNY in FY2019, a compound −2.0%/yr. Reported net income was 42.8M CNY in FY2024, compounding −3.9%/yr from FY2019.
Key figures
Market cap 99.6M SGD (≈ $77.8M) · P/E ratio 14.0 · P/S ratio 0.63 · EPS (TTM) 0.0300 SGD · Dividend yield 13.3% · Net margin 4.5% · Return on equity 13.2% · Return on assets (EBIT) −0.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 36%, 5SR screens cheaper than that median.
Fair Value models
Bear 0.4500 SGDFair Value 0.5700 SGDBull 0.7400 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.38/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.3%
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.
−2.0%
Revenue growth 11 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.
+0.7%
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’24
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.2%
Dividend (yield on the price)13.3%
Profit margin 2019 to 2024 ⓘ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.7% → −7%
2024 sits 230% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
−2.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about −4.2% a year for the price.
Compare ZHONGMIN BAIHUI RETAIL GRP LTD with another stock
Price, fair value, quality and upside side by side.
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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.Department Stores · 105 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+35.7% · Above median
Profitability
Return on equity (TTM)13.2% · Top 25%
Return on assets−3.8% · Bottom 25%
Net margin (TTM)3.0% · Above median
Operating margin (TTM)−8.2% · Bottom 25%
Growth and dividend
Revenue growth2.0% · Above median
Dividend yield (TTM)13.3% · Top 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
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Is ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.5700 SGD versus the last price from Sep 21, 2026 of 0.4200 SGD, about +36% upside (undervalued).
What is the fair value of 5SR?
Our model-based fair value for ZHONGMIN BAIHUI RETAIL GRP LTD is 0.5700 SGD (as of Sep 27, 2026), built from audited fundamentals. Last price (from Sep 21, 2026): 0.4200 SGD.
What is the quality score of 5SR?
ZHONGMIN BAIHUI RETAIL GRP 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 price target for ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Our model-based price target is the fair value of 0.5700 SGD (as of Sep 27, 2026) from 19 valuation models. Cautious scenario 0.4500 SGD, optimistic scenario 0.7400 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the ZHONGMIN BAIHUI RETAIL GRP LTD stock forecast for 2026?
Our models put fair value at 0.5700 SGD, about +36% upside versus the last price from Sep 21, 2026 of 0.4200 SGD (undervalued). Cautious scenario 0.4500 SGD, optimistic scenario 0.7400 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
ZHONGMIN BAIHUI RETAIL GRP LTD reported trailing-twelve-month revenue of about 960M CNY (latest available figure, as of Sep 27, 2026).
Does ZHONGMIN BAIHUI RETAIL GRP LTD pay a dividend?
ZHONGMIN BAIHUI RETAIL GRP LTD currently shows a dividend yield of about 13.33% relative to its recent price (as of Sep 27, 2026).
What growth is priced into ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
For today's price to be fair in a discounted-cash-flow model, ZHONGMIN BAIHUI RETAIL GRP LTD would have to grow free cash flow by -2.6 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 5SR use?
Our models discount ZHONGMIN BAIHUI RETAIL GRP LTD at 12.5 %: a base by market capitalisation (micro), country premium for Singapore. 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 ZHONGMIN BAIHUI RETAIL GRP LTD that is -2.6 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) delivered so far?
Over the past 5 years revenue at ZHONGMIN BAIHUI RETAIL GRP LTD grew -2.0 % a year. The price currently implies -2.6 % per year free-cash-flow growth a 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into ZHONGMIN BAIHUI RETAIL GRP LTD (-2.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The free-cash-flow yield on the price is 9.38 %: that much free cash flow ZHONGMIN BAIHUI RETAIL GRP LTD produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZHONGMIN BAIHUI RETAIL GRP LTD it is 0.5700 SGD per share (as of Sep 27, 2026), against a price of 0.4200 SGD. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is ZHONGMIN BAIHUI RETAIL GRP LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 5SR trades below its calculated fair value: price 0.4200 SGD, fair value 0.5700 SGD, a gap of about +36% (undervalued). 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 5SR?
No. The price is what the market pays today (0.4200 SGD); the fair value is what the company's own numbers justify (0.5700 SGD). For ZHONGMIN BAIHUI RETAIL GRP LTD the two are 0.1500 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is ZHONGMIN BAIHUI RETAIL GRP LTD worth?
The market values ZHONGMIN BAIHUI RETAIL GRP LTD at about 99.6M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.4200 SGD; our models calculate a fair value of 0.5700 SGD per share.
What do the bullish and bearish scenarios say about 5SR?
Our models span a range for ZHONGMIN BAIHUI RETAIL GRP LTD: cautious scenario 0.4500 SGD, base 0.5700 SGD, optimistic 0.7400 SGD per share (as of Sep 27, 2026, price 0.4200 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5SR?
ZHONGMIN BAIHUI RETAIL GRP LTD trades at a price-to-earnings ratio of 14.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.5700 SGD is built from several models across several years. Other multiples: P/B 2.3, P/S 0.5.
How solid is the balance sheet of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Balance-sheet figures for ZHONGMIN BAIHUI RETAIL GRP LTD (as of Sep 27, 2026): return on equity 13.2%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 5SR from its 52-week high?
ZHONGMIN BAIHUI RETAIL GRP LTD trades at 0.4200 SGD, about 20% below its 52-week high of 0.5250 SGD and 17% above the low of 0.3600 SGD (as of Sep 21, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5700 SGD is for.
Which stocks are comparable to ZHONGMIN BAIHUI RETAIL GRP LTD?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, 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 ZHONGMIN BAIHUI RETAIL GRP LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 0.4200 SGD, calculated fair value 0.5700 SGD (+36%), Quality Score 49/100, from 19 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 5SR calculated?
We run ZHONGMIN BAIHUI RETAIL GRP LTD through 19 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.5700 SGD, 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 14.5 % above its aggregate fair value. ZHONGMIN BAIHUI RETAIL GRP LTD currently trades 26 % below its own fair value, and the market average says nothing about that. 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The latest price we hold is from Sep 21, 2026 and stands at 0.4200 SGD. Our model-based fair value is 0.5700 SGD, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZHONGMIN BAIHUI RETAIL GRP LTD right now?
The price is below even our cautious bear case (0.4500 SGD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of ZHONGMIN BAIHUI RETAIL GRP LTD
How large is the market capitalisation of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The market capitalisation of ZHONGMIN BAIHUI RETAIL GRP LTD is 99.6M SGD (≈ $77.8M). 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The price-to-sales ratio of ZHONGMIN BAIHUI RETAIL GRP LTD is 0.63 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Earnings per share at ZHONGMIN BAIHUI RETAIL GRP LTD are 0.0300 SGD (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The dividend yield of ZHONGMIN BAIHUI RETAIL GRP LTD is 13.3% (payout 187%). 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The net margin of ZHONGMIN BAIHUI RETAIL GRP LTD is 4.5% (fiscal year 2024). 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The return on equity (ROE) of ZHONGMIN BAIHUI RETAIL GRP LTD is 13.2% (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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
On an EBIT basis the return on assets of ZHONGMIN BAIHUI RETAIL GRP LTD is −0.3% (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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
The operating margin of ZHONGMIN BAIHUI RETAIL GRP LTD is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Revenue at ZHONGMIN BAIHUI RETAIL GRP LTD is growing +2.0% versus a year earlier (3y avg −8.2%). 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 ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
Earnings per share at ZHONGMIN BAIHUI RETAIL GRP LTD are growing −51.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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