EN DE
Data-driven stock valuation

Ningbo Zhongbai Co Ltd (600857) fair value: what the stock is really worth

We calculate from audited financials what Ningbo Zhongbai Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Consumer Cyclical · CN · Market cap 4.0B CNY (≈ $598M) · ISIN CNE000000GV9

At a glance

NZ Ningbo Zhongbai Co Ltd 600857 · SHG
Price¥22.86
Fair Value¥2.63
Upside−88.5%
Quality63/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 770% above our fair value of ¥2.63.

As of Aug 24, 2026, the fair value of Ningbo Zhongbai Co Ltd is ¥2.63 per share against a price of ¥22.86, so the fair value sits 89% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue 5y −9.0 %/yr)
Solidly profitable · 13.0% net margin
generates free cash flow
·0.20% dividend yield
!Trails peers (5/13)
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
!Weak on past: 22 out of 100
!Weak on dividend: 4 out of 100
Evidence: Low Range ¥2.39 to ¥2.94

Fair value as of: Aug 24, 2026

From 22 valuation models · updated 15 days ago

Share price +28.1% over the past month.

Watch Ningbo Zhongbai Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥2.94). The favourable scenario is already priced in.
  • 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 but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥22.86 ¥5.11 Fair Value ¥2.63 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range ¥5.11 – ¥22.86 · fair‑value band ¥2.39 – ¥2.94 · the ¥22.86 price screens above the ¥2.63 fair value. Dashed = 300-day average. As of Aug 24, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Ningbo Zhongbai Co Ltd (600857) currently trades at ¥22.86, while our model-based Fair Value estimate is ¥2.63, implying the stock looks roughly 769.6% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of ¥2.67 per share, and 0 of the 22 models we run sit above the ¥22.86 price. Bear case: the Earnings-Based group reads lowest at ¥1.21, and 22 of the 22 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Ningbo Zhongbai Co Ltd generated revenue of 358M CNY at a net margin of 13.0%. Revenue declined 65.7% year over year. It earns a return on equity of 5.4%. The balance sheet holds a net cash position of 401M CNY. Fundamentals as of Aug 24, 2026

Scenario range: ¥2.39 (bear) to ¥2.94 (bull), the price of ¥22.86 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 150% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −15% fair-value upside, at −89%, 600857 screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.1135 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
FCF DCF best evidence ¥2.28 ¥2.44 ¥2.72 80
Growth DCF ¥2.30 ¥2.45 ¥2.70 77
Residual Income ¥2.80 ¥2.71 ¥2.32 76
All 22 models by family
DCF Models
FCF DCF best evidence ¥2.28 ¥2.44 ¥2.72 80
Owner Earnings ¥3.52 ¥4.13 ¥5.22 75
5Y Revenue Exit ¥2.34 ¥2.58 ¥2.93 71
5Y EBITDA Exit ¥2.48 ¥2.82 ¥3.27 74
5Y P/E Exit ¥3.26 ¥4.17 ¥5.25 69
10Y Revenue Exit ¥2.30 ¥2.47 ¥2.66 66
10Y EBITDA Exit ¥2.40 ¥2.62 ¥2.86 67
10Y P/E Exit ¥2.86 ¥3.43 ¥3.99 63
Earnings-Based
Graham-Dodd ¥0.9900 ¥1.21 ¥1.36 67
EPV ¥2.37 ¥2.45 ¥2.52 70
Multiples
P/E Multiple ¥2.39 ¥3.19 ¥3.99 63
P/S Multiple ¥1.84 ¥2.46 ¥3.07 58
P/B Multiple ¥1.85 ¥2.47 ¥3.08 55
EV/EBIT ¥2.70 ¥2.98 ¥3.27 63
EV/EBITDA ¥2.74 ¥3.03 ¥3.32 64
EV/Revenue ¥2.43 ¥2.67 ¥2.92 52
Asset-Based
NCAV (Graham) ¥1.94 ¥2.59 ¥3.87 51
Growth DCF
Growth DCF ¥2.30 ¥2.45 ¥2.70 77
Rev-Margin DCF ¥2.34 ¥2.59 ¥2.90 71
Economic Profit
Residual Income ¥2.80 ¥2.71 ¥2.32 76
ROIC Compounder ¥2.37 ¥2.45 ¥2.52 70
Growth Earnings
Growth-Adj P/E ¥1.69 ¥2.41 ¥3.13 67

Widest divergence: Multiples (¥2.67) versus Earnings-Based (¥1.21). Highest evidence: FCF DCF (80).

Notify me when 600857 reaches fair value

Put 600857 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 108.9
P/S ratio 7.71 P/E × margin
EPS (TTM) ¥0.2100 price ÷ EPS = P/E 108.9
Dividend yield 0.2% payout 21.4%
Net margin 7.1% FY2025
Return on equity 5.4% TTM
More key figures
Profitability
Return on assets (EBIT) 3.2% avg 5y
Operating margin 10.4% TTM
Growth
Revenue (TTM) 358M CNY TTM
Revenue growth (YoY) −65.7% 3y avg −20.3%
EPS growth (YoY) +286%
Balance sheet & cash flow
Free cash flow 10.3M CNY FY2025
Net cash 401M CNY FY2024

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 80

Profitability 28
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 92
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Ningbo Zhongbai Co., Ltd. primarily operates department stores in China. It is involved in the wholesale, retail, and online sales of gold, jewelry, textiles, clothing, cosmetics, bags, shoes and hats, glasses, daily necessities, handicrafts, toys, cultural, sports supplies and equipment, mechanical equipment, hardware and electrical appliances, household …

Full company description

Ningbo Zhongbai Co., Ltd. primarily operates department stores in China. It is involved in the wholesale, retail, and online sales of gold, jewelry, textiles, clothing, cosmetics, bags, shoes and hats, glasses, daily necessities, handicrafts, toys, cultural, sports supplies and equipment, mechanical equipment, hardware and electrical appliances, household appliances, electronic products, communication equipment, building decoration materials, and furniture; self-operated and agency import and export of various goods and technologies; property services, industrial project investment; house rental; and indoor parking services. The company was formerly known as Hit. Shouchuang Technology Co., Ltd. and changed its name to Ningbo Zhongbai Co., Ltd. in May 2015. Ningbo Zhongbai Co., Ltd. was founded in 1992 and is based in Ningbo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Zhongbai Co Ltd reported revenue of 459M CNY in FY2025 versus 834M CNY in FY2021, a compound −13.8%/yr. Reported net income was 32.5M CNY in FY2025, compounding −2.4%/yr from FY2021.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
459M CNY
Latest YoY
−44.5%
Avg. revenue 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.
−20.3%
Avg. revenue 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.
−9.0%
Avg. revenue growth/yr (32Y) 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.
+0.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−1.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−1.9%
Dividend yield0.2%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −1.9% vs 10Y −2.6%, steady
Operating margin (EBIT) 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.5.5% (2020) → 3.1% (2025) · falling
Worst earnings drop1,163% (2017) (loss year, drop beyond 100%) · in CNY
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margins eroding too) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue −13.8%/yr
FY21 834M CNY
FY22 907M CNY
FY23 1.2B CNY
FY24 827M CNY
FY25 459M CNY
Net income −2.4%/yr
FY21 35.9M CNY
FY22 362M CNY
FY23 60.7M CNY
FY24 −16.1M CNY
FY25 32.5M CNY
Character of growth · EPS growth decomposed (2013-2024) +21.6 % p.a.
Revenue per share −2.0 %

of which total revenue −2.0 % · buybacks/dilution +0.0 %

EBIT margin +4.2 %
Tax rate +2.1 %
Residual (interest, one-offs) +16.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

600857 screens 770% overvalued. Compare with Falabella S.A →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Ningbo Zhongbai Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600857

Peer Group

Department Stores · 119 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
Quality Score 63 · Top 25%
Fair Value upside −87% · Bottom 25%
Profitability
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 10% · Above median
Growth and dividend
Revenue growth −66% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 108.9× · Priciest 25%
P/B 4.61× · Priciest 25%
P/S (TTM) 11.19× · Priciest 25%
P/FCF 58.0× · Priciest 25%
PEG 0.69× · Cheaper than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Ningbo Zhongbai Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+55.6 % per year
Achieved revenue growth, 5 years-9.0 % p.a.
Sector median revenue growth+2.6 %
FCF yield on price0.20 %
Discount rate (WACC) in the models10.7 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 23
FUTURE0 · sector 1
PAST22 · sector 17
HEALTH0 · sector 96
DIVIDEND4 · sector 38

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

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 6,380 CLP 8,005 CLP +25%
Dillard's, Inc DDS $630.71 $536.21 −15%
99 Speed Mart Retail Holdings 5326 3.43 MYR 1.52 MYR −56%
Cencosud S.A CENCOSUD 1,949 CLP 2,425 CLP +24%
Macy's, Inc M $21.93 $42.68 +95%
Vishal Mega Mart Limited VMM ₹107.00 ₹30.46 −72%
Central Retail Corporation CRC 27.50 THB 20.89 THB −24%
SHINSEGAE Inc 004170 424,000 KRW 177,841 KRW −58%
Lotte Shopping Co 023530 96,700 KRW 76,636 KRW −21%
PT Daya Intiguna Yasa Tbk MDIY 960.00 IDR 968.76 IDR +1%

Compare Ningbo Zhongbai Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Frequently asked questions

Is Ningbo Zhongbai Co Ltd (600857) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of ¥2.63 versus a price of ¥22.86, about −89% upside (overvalued).
What is the fair value of 600857?
Our model-based fair value for Ningbo Zhongbai Co Ltd is ¥2.63 (as of Aug 24, 2026), built from audited fundamentals. The current price: ¥22.86.
What is the quality score of 600857?
Ningbo Zhongbai Co Ltd has a Quality Score of 63/100. 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 Ningbo Zhongbai Co Ltd (600857)?
Our model-based price target is the fair value of ¥2.63 (as of Aug 24, 2026) from 22 valuation models. Cautious scenario ¥2.39, optimistic scenario ¥2.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Zhongbai Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.63, about −89% upside versus a price of ¥22.86 (overvalued). Cautious scenario ¥2.39, optimistic scenario ¥2.94. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Zhongbai Co Ltd (600857)?
Ningbo Zhongbai Co Ltd reported trailing-twelve-month revenue of about 358M CNY (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 600857?
The net profit margin of Ningbo Zhongbai Co Ltd is about 13.0%, meaning it keeps roughly 13.0% of revenue as net income. Based on the latest reported figures.
Does Ningbo Zhongbai Co Ltd pay a dividend?
Ningbo Zhongbai Co Ltd currently shows a dividend yield of about 0.20% relative to its recent price (as of Aug 24, 2026).
What growth is priced into Ningbo Zhongbai Co Ltd (600857)?
For today's price to be fair in a discounted-cash-flow model, Ningbo Zhongbai Co Ltd would have to grow free cash flow by +55.6 % per year for ten years (discount rate 10.7 %, then 2 % perpetual growth). Over the last 5 years revenue grew -9.0 % per year. As of Aug 24, 2026.
What discount rate (WACC) does the fair value of 600857 use?
Our models discount Ningbo Zhongbai Co Ltd at 10.7 %: a base by market capitalisation (small), damped by beta 0.59, country premium for China. The same rate applies in all 26 models.
Free · no account needed

Watch Ningbo Zhongbai Co Ltd in the live analysis

One click puts Ningbo Zhongbai Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.