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ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 99.6M SGD

ZB ZHONGMIN BAIHUI RETAIL GRP LTD 5SR · SG
Price0.3600 SGD
Fair Value0.7000 SGD
Upside+94.4%
Quality49/100
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Weak Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
10.77% dividend yield
Ranks above peers (9/13)
Narrow moat 32/100
Evidence: High Range 0.4900 SGD – 0.9000 SGD Share as image

Fair value as of: Aug 13, 2026

From 19 valuation models · updated 4 days ago

Below-average quality, screening 94% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (0.4900 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (0.4900 SGD to 0.9000 SGD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.7339 SGD 0.3555 SGD Fair Value 0.7000 SGD Apr 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 0.3555 SGD – 0.7339 SGD · fair‑value band 0.4900 SGD – 0.9000 SGD · the 0.3600 SGD price screens below the 0.7000 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) currently trades at 0.3600 SGD, while our model-based Fair Value estimate is 0.7000 SGD, implying the stock looks roughly 94.4% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, ZHONGMIN BAIHUI RETAIL GRP LTD generated revenue of 960M SGD at a net margin of 3.0%. Revenue grew 2.0% year over year. It earns a return on equity of 13.2%. The stock trades on a trailing P/E of 12.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from 0.4900 SGD (bear case) to 0.9000 SGD (bull case); at 0.3600 SGD, the current price sits below 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 35% below its 52-week high and 84% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at 94%, 5SR screens cheaper 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 1.96 SGD 2.32 SGD 2.86 SGD 80
Residual Income 1.16 SGD 1.52 SGD 3.77 SGD 76
Rev-Margin DCF 2.05 SGD 2.79 SGD 3.71 SGD 74
All 19 models by family
DCF Models
FCF DCF 1.92 SGD 2.31 SGD 2.93 SGD 38
Owner Earnings 4.41 SGD 5.44 SGD 7.10 SGD 31
5Y Revenue Exit 2.05 SGD 2.75 SGD 3.77 SGD 39
5Y EBITDA Exit 1.30 SGD 1.46 SGD 1.67 SGD 41
5Y P/E Exit 2.80 SGD 4.05 SGD 5.54 SGD 38
10Y Revenue Exit 1.94 SGD 2.40 SGD 2.89 SGD 36
10Y EBITDA Exit 1.59 SGD 1.72 SGD 1.83 SGD 37
10Y P/E Exit 2.37 SGD 3.09 SGD 3.77 SGD 35
Earnings-Based
Graham-Dodd 1.52 SGD 1.85 SGD 2.09 SGD 54
Multiples
P/E Multiple 3.68 SGD 4.91 SGD 6.14 SGD 63
P/S Multiple 2.84 SGD 3.79 SGD 4.74 SGD 58
P/B Multiple 2.84 SGD 3.79 SGD 4.74 SGD 55
EV/EBITDA 0.7800 SGD 0.9000 SGD 1.01 SGD 54
EV/Revenue 2.31 SGD 3.11 SGD 3.92 SGD 43
Asset-Based
NCAV (Graham) 0.5800 SGD 0.7800 SGD 1.17 SGD 50
Growth DCF
Growth DCF 1.96 SGD 2.32 SGD 2.86 SGD 80
Rev-Margin DCF 2.05 SGD 2.79 SGD 3.71 SGD 74
Economic Profit
Residual Income 1.16 SGD 1.52 SGD 3.77 SGD 76
Growth Earnings
Growth-Adj P/E 2.60 SGD 3.71 SGD 4.82 SGD 68

Widest divergence: Multiples (3.79 SGD) versus Asset-Based (0.7800 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 960M SGD
Revenue growth (YoY) +2.0%
Net margin 3.0%
Return on equity 13.2%
Free cash flow 39.5M SGD FY2024
P/E ratio 12.0
More key figures
Operating margin -8.2%
EPS (TTM) 0.0300 SGD
Dividend yield 10.8%
EPS growth (YoY) -51.5%

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 47 · Market factors (momentum, volatility) 32

Profitability 44
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2019 – FY2024 · reported fiscal years

ZHONGMIN BAIHUI RETAIL GRP LTD reported revenue of 951M SGD in FY2024 versus 1.1B SGD in FY2019, a compound −2.0%/yr. Reported net income was 42.8M SGD in FY2024, compounding −3.9%/yr from FY2019.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
951M SGD
Latest YoY
−3.3%
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.
−2.0%
Avg. growth/yr (11Y) 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.
+0.7%
Revenue −2.0%/yr
FY19 1.1B SGD
FY20 1.2B SGD
FY22 1.0B SGD
FY23 984M SGD
FY24 951M SGD
Net income −3.9%/yr
FY19 52.2M SGD
FY20 55.9M SGD
FY22 2.1M SGD
FY23 23.8M SGD
FY24 42.8M SGD

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Cite: Fair Value Calculator (2026). "ZHONGMIN BAIHUI RETAIL GRP LTD Fair Value". https://www.fairvalue-calculator.com/stock/5SR

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 +94% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 10.8% · Top 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/B 0.45× · Cheaper than median
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 2.0× · Pricier 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 100 · sector 25
FUTURE 10 · sector 2
PAST 53 · sector 15
HEALTH 100 · sector 96
DIVIDEND 100 · sector 44

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%
Lojas Renner S.A LREN3 R$11.74 R$33.36 +184%
La Comer, S.A. LACOMERUBC 34.37 MXN 44.99 MXN +31%

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Frequently asked questions

Is ZHONGMIN BAIHUI RETAIL GRP LTD (5SR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 0.7000 SGD versus a price of 0.3600 SGD, about +94% (undervalued).
What is the fair value of 5SR?
Our model-based fair value for ZHONGMIN BAIHUI RETAIL GRP LTD is 0.7000 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.3600 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 revenue of ZHONGMIN BAIHUI RETAIL GRP LTD (5SR)?
ZHONGMIN BAIHUI RETAIL GRP LTD reported trailing-twelve-month revenue of about 960M SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 5SR?
The net profit margin of ZHONGMIN BAIHUI RETAIL GRP LTD is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does ZHONGMIN BAIHUI RETAIL GRP LTD pay a dividend?
ZHONGMIN BAIHUI RETAIL GRP LTD currently shows a dividend yield of about 10.77% 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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