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Fujian Dongbai (Group) Co (600693) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 8.4B CNY

FD Fujian Dongbai (Group) Co 600693 · SHG
Price¥9.61
Fair Value¥2.69
Upside-72.0%
Quality52/100
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Weak Growth
Thin margins · 2.8% net margin
Moderate debt · generates free cash flow
0.94% dividend yield
Trails peers (4/14)
Narrow moat 40/100
Evidence: Medium Range ¥2.05 – ¥2.69 Share as image

Fair value as of: Aug 9, 2026

From 23 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥2.74 to ¥2.69 (−1.8%) since Jul 11, 2026. Share price +22.4% over the past month.

A solid business, but screening 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.69). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥21.88 ¥2.73 Fair Value ¥2.69 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥2.73 – ¥21.88 · fair‑value band ¥2.05 – ¥2.69 · the ¥9.61 price screens above the ¥2.69 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Fujian Dongbai (Group) Co (600693) currently trades at ¥9.61, while our model-based Fair Value estimate is ¥2.69, implying the stock looks roughly 72.0% overvalued today. The Quality Score stands at 52/100 (solid 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, Fujian Dongbai (Group) Co generated revenue of 1.9B CNY at a net margin of 2.8%. Revenue grew 2.8% year over year. It earns a return on equity of 3.3%. Net debt stands at 5.2B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥2.05 (bear case) to ¥2.69 (bull case); at ¥9.61, 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 58% below its 52-week high and 69% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -72%, 600693 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥2.00 ¥4.45 ¥7.72 80
Residual Income ¥2.80 ¥2.65 ¥1.94 76
Rev-Margin DCF ¥0.4600 ¥1.81 74
All 23 models by family
DCF Models
FCF DCF ¥1.88 ¥4.60 ¥8.42 38
5Y Revenue Exit ¥0.3600 ¥1.65 39
5Y EBITDA Exit ¥2.31 ¥5.90 ¥9.98 41
10Y Revenue Exit ¥0.1700 ¥1.34 ¥2.75 36
10Y EBITDA Exit ¥2.09 ¥5.05 ¥8.81 37
10Y P/E Exit ¥0.6400 ¥1.46 35
Earnings-Based
Graham-Dodd ¥0.3600 ¥0.9700 ¥1.27 54
Lynch FV ¥0.1900 ¥0.2700 ¥0.3500 50
PEG = 1.0 ¥0.1900 ¥0.2700 ¥0.3500 46
EPV ¥1.11 ¥1.91 ¥2.60 59
Dividend Discount
Gordon GGM ¥3.34 ¥6.66 ¥10.08 70
DDM Multi-Stage ¥3.34 ¥5.12 ¥6.94 61
Multiples
P/E Multiple ¥0.8700 ¥1.16 ¥1.45 63
P/S Multiple ¥0.6700 ¥0.8900 ¥1.12 58
P/B Multiple ¥0.6700 ¥0.8900 ¥1.12 55
EV/EBIT ¥4.84 ¥7.77 ¥10.69 53
EV/EBITDA ¥3.45 ¥5.91 ¥8.37 54
Asset-Based
NCAV (Graham) ¥2.05 ¥2.74 ¥4.10 50
Growth DCF
Growth DCF ¥2.00 ¥4.45 ¥7.72 80
Rev-Margin DCF ¥0.4600 ¥1.81 74
Economic Profit
Residual Income ¥2.80 ¥2.65 ¥1.94 76
ROIC Compounder ¥1.11 ¥1.91 ¥2.60 72
Growth Earnings
Growth-Adj P/E ¥0.6800 ¥0.9800 ¥1.27 68

Widest divergence: Dividend Discount (¥5.12) versus Earnings-Based (¥0.2700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.9B CNY
Revenue growth (YoY) +2.8%
Net margin 2.8%
Return on equity 3.3%
Free cash flow 485M CNY FY2025
P/E ratio 147.7
More key figures
Operating margin 34.5%
EPS (TTM) ¥0.0600
Dividend yield 1.0%
EPS growth (YoY) +13.8%
Net debt 5.2B CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 46

Profitability 15
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 61
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

Fujian Dongbai (Group) Co.,Ltd. engages in commercial retail, and warehousing and logistics businesses in China. The company provides department stores, shopping centers, cultural, commercial and tourism complexes, online businesses, etc., as well as real estate leasing.

Full company description

Fujian Dongbai (Group) Co.,Ltd. engages in commercial retail, and warehousing and logistics businesses in China. The company provides department stores, shopping centers, cultural, commercial and tourism complexes, online businesses, etc., as well as real estate leasing. It also offers supermarket retail; professional parking; property and project management; advertising agency; hotel and catering management; corporate, enterprise, and investment asset management; operation and management; project investment; commodity wholesale and retail trade; marketing planning; construction engineering, renovation, and decoration engineering construction; enterprise management consulting; and freight consulting. In addition, the company provides general freight; freight forwarding; general cargo warehousing; and supply chain management services. Further, it engages in housing rental, business information consulting, and road freight transport services; development of culture; commerce and tourism; operation and leasing of service and storage facilities; sale of daily necessities; business management consulting; warehousing management; and industrial park construction. Fujian Dongbai (Group) Co.,Ltd. was founded in 1957 and is based in Fuzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fujian Dongbai (Group) Co reported revenue of ¥1.8B in FY2025 versus ¥1.9B in FY2021, a compound −0.6%/yr. Reported net income was ¥45.8M in FY2025, compounding −22.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.8B CNY
Latest YoY
+1.7%
Avg. growth/yr (3Y)
+3.4%
Avg. growth/yr (5Y)
+0.2%
Avg. growth/yr (35Y)
+7.5%
Revenue −0.6%/yr
FY21 ¥1.9B
FY22 ¥1.7B
FY23 ¥1.9B
FY24 ¥1.8B
FY25 ¥1.8B
Net income −22.3%/yr
FY21 ¥125M
FY22 ¥21.8M
FY23 ¥35.0M
FY24 ¥43.5M
FY25 ¥45.8M

600693 screens 72% overvalued. Compare with Falabella S.A →

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Cite: Fair Value Calculator (2026). "Fujian Dongbai (Group) Co Fair Value". https://www.fairvalue-calculator.com/stock/600693

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 52 · Below median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 34% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 160.2× · Pricier than 75% of peers
P/B 2.35× · Pricier than 75% of peers
P/S (TTM) 4.49× · Pricier than 75% of peers
P/FCF 2.6× · Pricier than median
EV/EBITDA 18.2× · Pricier than 75% of peers

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 26
FUTURE 14 · sector 2
PAST 13 · sector 16
HEALTH 41 · sector 96
DIVIDEND 19 · sector 37

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 9, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Fujian Dongbai (Group) Co (600693) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥2.69 versus a price of ¥9.61, about −72% (overvalued).
What is the fair value of 600693?
Our model-based fair value for Fujian Dongbai (Group) Co is ¥2.69 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥9.61.
What is the quality score of 600693?
Fujian Dongbai (Group) Co has a Quality Score of 52/100. 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 Fujian Dongbai (Group) Co (600693)?
Fujian Dongbai (Group) Co reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600693?
The net profit margin of Fujian Dongbai (Group) Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Fujian Dongbai (Group) Co pay a dividend?
Fujian Dongbai (Group) Co currently shows a dividend yield of about 1.02% relative to its recent price (as of Aug 9, 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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