Shanghai Yimin Commercial Group (600824) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 3.7B CNY
Fair value as of: Aug 8, 2026
From 22 valuation models · updated 2 days ago
Share price +2.6% over the past month.
A solid business, but screening 49% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.03). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥2.86 – ¥7.05 · fair‑value band ¥1.42 – ¥2.03 · the ¥3.50 price screens above the ¥1.77 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Shanghai Yimin Commercial Group (600824) currently trades at ¥3.50, while our model-based Fair Value estimate is ¥1.77, implying the stock looks roughly 49.4% overvalued today. The Quality Score stands at 63/100 (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: high).
Over the trailing twelve months, Shanghai Yimin Commercial Group generated revenue of 642M CNY at a net margin of 19.8%. Revenue declined 18.8% year over year. It earns a return on equity of 5.1%. The balance sheet holds a net cash position of 764M CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥1.42 (bear case) to ¥2.03 (bull case); at ¥3.50, 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 35% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -49%, 600824 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.
All 22 models by family
Widest divergence: Growth Earnings (¥1.93) versus Earnings-Based (¥0.6100). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 34
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
Shanghai Yimin Commercial Group Co., Ltd. engages in the commercial wholesale and retail, commercial property leasing, and catering and tourism businesses in China.
Full company description
Shanghai Yimin Commercial Group Co., Ltd. engages in the commercial wholesale and retail, commercial property leasing, and catering and tourism businesses in China. It is involved in the domestic trade, photography, computer rental, self-owned housing rental, real estate sales, industrial investment, self-operation and agency, and import and export business of various commodities and technologies. The company also engages in hotels, catering and tourism, industrial investment, and other businesses, as well as commercial property leasing and operation; retail and wholesale of glasses, watches and accessories, clothing, shoes, hats, toys, etc.; and retail of daily necessities. In addition, it offers commercial wholesale and retail products under the Gujin Underwear, Tianbao Longfeng, Xingguang Photography, and Shanghai Bedding brands. Further, the company provides underwear, gold and silver jewelry, photographic equipment, bedding, property leasing, hotel catering and tourism, and elderly care services; and industrial investment management, technical consulting, and corporate management consulting services. Additionally, it offers real estate development and management; house rental; real estate information; and commercial complex management services. The company was formerly known as Shanghai Yimin Commercial Co., Ltd. and changed its name to Shanghai Yimin Commercial Group Co., Ltd. in November 2010. Shanghai Yimin Commercial Group Co., Ltd. was founded in 1993 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai Yimin Commercial Group reported revenue of ¥677M in FY2025 versus ¥1.0B in FY2021, a compound −9.7%/yr. Reported net income was ¥122M in FY2025, compounding +7.1%/yr from FY2021.
600824 screens 49% overvalued. Compare with Falabella S.A →
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.
Valuation Multiples vs Department Stores median · lower = cheaper
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: 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.
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 8, 2026).
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|---|---|---|---|
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| 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
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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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