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Wenfeng Great World Chain Development Corporation (601010) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.6B CNY

WG Wenfeng Great World Chain Development Corporation 601010 · SHG
Price¥1.41
Fair Value¥0.9100
Upside-35.5%
Quality38/100
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Weak Growth
Loss-making · -7.4% net margin
Low debt · negative free cash flow
1.38% dividend yield
Mixed vs. peers (5/12)
Narrow moat 19/100
Evidence: Medium Range ¥0.7600 – ¥1.06 Share as image

Fair value as of: Aug 9, 2026

From 9 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥0.8900 to ¥0.9100 (+2.2%) since Jul 11, 2026. Share price −16.6% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.06). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥4.15 ¥1.29 Fair Value ¥0.9100 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 ¥1.29 – ¥4.15 · fair‑value band ¥0.7600 – ¥1.06 · the ¥1.41 price screens above the ¥0.9100 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Wenfeng Great World Chain Development Corporation (601010) currently trades at ¥1.41, while our model-based Fair Value estimate is ¥0.9100, implying the stock looks roughly 35.5% overvalued today. The Quality Score stands at 38/100 (below-average 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, Wenfeng Great World Chain Development Corporation generated revenue of 1.4B CNY at a net margin of -7.4%. Revenue declined 13.3% year over year. It earns a return on equity of -2.5%. The balance sheet holds a net cash position of 586M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥0.7600 (bear case) to ¥1.06 (bull case); at ¥1.41, 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 56% 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 -35%, 601010 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 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
ROIC Compounder ¥0.3600 ¥0.3800 ¥0.4000 72
Gordon GGM ¥0.9400 ¥1.03 ¥1.16 70
DDM Multi-Stage ¥0.9400 ¥1.16 ¥1.47 61
All 9 models by family
DCF Models
Owner Earnings ¥0.6400 ¥0.8000 ¥1.08 31
Earnings-Based
EPV ¥0.3600 ¥0.3800 ¥0.4000 59
Dividend Discount
Gordon GGM ¥0.9400 ¥1.03 ¥1.16 70
DDM Multi-Stage ¥0.9400 ¥1.16 ¥1.47 61
Multiples
EV/EBIT ¥0.6500 ¥0.7900 ¥0.9400 53
EV/EBITDA ¥1.73 ¥2.23 ¥2.74 54
EV/Revenue ¥0.5000 ¥0.6300 ¥0.7600 43
Asset-Based
NCAV (Graham) ¥1.13 ¥1.51 ¥2.26 50
Economic Profit
ROIC Compounder ¥0.3600 ¥0.3800 ¥0.4000 72

Widest divergence: Asset-Based (¥1.51) versus Earnings-Based (¥0.3800). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) -13.3%
Net margin -7.4%
Return on equity -2.5%
Free cash flow −5.8M CNY FY2025
Operating margin 12.1%
More key figures
EPS (TTM) ¥-0.0500
Dividend yield 1.3%
EPS growth (YoY) +50.0%
Net cash 586M CNY FY2024

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 36 · Market factors (momentum, volatility) 25

Profitability 10
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 55
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

Wenfeng Great World Chain Development Corporation operates commercial retail chain in China. It primarily operates retail businesses, which includes department stores, supermarkets, and electrical appliances stores and shopping centers.

Full company description

Wenfeng Great World Chain Development Corporation operates commercial retail chain in China. It primarily operates retail businesses, which includes department stores, supermarkets, and electrical appliances stores and shopping centers. The company also offers catering services; and engages in sale of alcohol, tobacco retail, books, newspapers, and audio-visual products, as well as operates value-added telecommunications business. In addition, it provides domestic trade, industrial investment, photography, housing, and counter rental services, as well as sale of art and crafts. Wenfeng Great World Chain Development Corporation was founded in 1995 and is headquartered in Nantong, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wenfeng Great World Chain Development Corporation reported revenue of ¥1.5B in FY2025 versus ¥2.5B in FY2021, a compound −11.7%/yr. Reported net income was −¥95.2M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−20.4%
Avg. 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.
−14.3%
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.
−8.5%
Avg. growth/yr (19Y) 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.
−4.8%
Revenue −11.7%/yr
FY21 ¥2.5B
FY22 ¥2.4B
FY23 ¥2.2B
FY24 ¥1.9B
FY25 ¥1.5B
Net income
FY21 ¥237M
FY22 −¥162M
FY23 ¥171M
FY24 ¥159M
FY25 −¥95.2M
Character of growth · EPS growth decomposed (2013-2024) −7.9 % p.a.
Revenue per share −12.7 pp

of which total revenue −12.7 pp · buybacks/dilution +0.1 pp

EBIT margin +5.5 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −1.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

601010 screens 35% overvalued. Compare with Falabella S.A →

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Cite: Fair Value Calculator (2026). "Wenfeng Great World Chain Development Corporation Fair Value". https://www.fairvalue-calculator.com/stock/601010

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 38 · Bottom 25%
Fair Value upside −36% · Below median
Return on assets 0% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Department Stores median · lower = cheaper

P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than median
PEG 0.36× · Cheaper 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 0 · sector 2
PAST 0 · sector 16
HEALTH 98 · sector 96
DIVIDEND 28 · 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 Wenfeng Great World Chain Development Corporation (601010) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥0.9100 versus a price of ¥1.41, about −35% (overvalued).
What is the fair value of 601010?
Our model-based fair value for Wenfeng Great World Chain Development Corporation is ¥0.9100 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥1.41.
What is the quality score of 601010?
Wenfeng Great World Chain Development Corporation has a Quality Score of 38/100. 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 Wenfeng Great World Chain Development Corporation (601010)?
Wenfeng Great World Chain Development Corporation reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 601010?
The net profit margin of Wenfeng Great World Chain Development Corporation is about -7.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Wenfeng Great World Chain Development Corporation pay a dividend?
Wenfeng Great World Chain Development Corporation currently shows a dividend yield of about 1.25% 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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