Red Star Macalline Group Corp Ltd Class A (601828) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Red Star Macalline Group Corp Ltd Class A stock ¥1.31, price ¥2.01, that is 34.8% below the price, quality 43 out of 100. Rating: overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥1.95 – ¥13.47 · fair‑value band ¥0.4500 – ¥2.95 · the ¥2.01 price screens above the ¥1.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Red Star Macalline Group Corporation Ltd. operates and manages home improvement and furnishing malls in the People's Republic of China. It operates through four segments: Owned/Leased Portfolio Shopping Malls; Managed Shopping Malls; Construction and decoration service; and Others.
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The company leases floor areas of shopping malls; operates as a construction contractor to develop and manage the shopping malls; and retails home furnishing merchandise, as well as offers related decorating services.
It also provides initiation, consultation, and management services; and joint marketing, strategy consultation, home design consultation, construction service, internet home decoration, and internet retail services, as well as warehouse logistics services.
The company was formerly known as Shanghai Red Star Macalline Home Living and Decorating Company Limited and changed its name to Red Star Macalline Group Corporation Ltd. in 2011.
Red Star Macalline Group Corporation Ltd. was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.
Stock analysis
Red Star Macalline Group Corp Ltd Class A (601828) currently trades at ¥2.01, while our model-based Fair Value estimate is ¥1.31, 35% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥3.66 per share, and 3 of the 10 models we run sit above the ¥2.01 price.
Bear case: the Multiples group reads lowest at ¥1.20, and 7 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.4500 (bear) to ¥2.95 (bull), the price of ¥2.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Red Star Macalline Group Corp Ltd Class A reported revenue of 6.6B CNY in FY2025 versus 15.5B CNY in FY2021, a compound −19.3%/yr. Reported net income was −24.1B CNY in FY2025.
Key figures
Market cap 8.8B CNY (≈ $1.3B) Small · P/S ratio 1.39 · EPS (TTM) ¥−5.08 · Dividend yield 0.8% · Return on equity −65.7% · Return on assets (EBIT) 0.7% (5-year average) · Operating margin 36.2% · Revenue (TTM) 6.3B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −35%, 601828 screens richer than that median.
Fair Value models
Bear¥0.4500Fair Value ¥1.31Bull¥2.95
Price ¥2.01 · Downside -34.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−22.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.3%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
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Profit margin (trend) ⓘ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.
37.6% (2019) → −43.4% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+40.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +38.2% a year for the price.
Compare Red Star Macalline Group Corp Ltd Class A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate Services · 472 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−34.8% · Below median
Profitability
Return on assets−27.0% · Bottom 25%
Operating margin (12 months)36.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−10.2% · Bottom 25%
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.91× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B0.37× · Cheapest 25%
P/S (12 months)1.38× · Cheaper than median
Price / free cash flow (fiscal year)12.6× · Pricier than median
EV/EBITDA26.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 55
FUTURE (revenue growth)0· sector 19
PAST (return on equity)0· sector 19
HEALTH (low debt)55· sector 83
DIVIDEND (yield)16· sector 66
VALUE 0: the price sits above our fair-value range.
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). "Red Star Macalline Group Corp Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/601828
Frequently asked questions
Is Red Star Macalline Group Corp Ltd Class A (601828) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥1.31 versus a price of ¥2.01, about 35% lower (overvalued).
What is the fair value of 601828?
Our model-based fair value for Red Star Macalline Group Corp Ltd Class A is ¥1.31 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥2.01.
What is the quality score of 601828?
Red Star Macalline Group Corp Ltd Class A has a Quality Score of 43/100. 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 Red Star Macalline Group Corp Ltd Class A (601828)?
Our model-based price target is the fair value of ¥1.31 (as of Nov 5, 2026) from 10 valuation models. Cautious scenario ¥0.4500, optimistic scenario ¥2.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Red Star Macalline Group Corp Ltd Class A stock forecast for 2026?
Our models put fair value at ¥1.31, about 35% lower versus a price of ¥2.01 (overvalued). Cautious scenario ¥0.4500, optimistic scenario ¥2.95. The calculation is refreshed regularly with new filings.
What is the revenue of Red Star Macalline Group Corp Ltd Class A (601828)?
Red Star Macalline Group Corp Ltd Class A reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Nov 5, 2026).
Does Red Star Macalline Group Corp Ltd Class A pay a dividend?
Red Star Macalline Group Corp Ltd Class A currently shows a dividend yield of 0.78% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Red Star Macalline Group Corp Ltd Class A (601828)?
Red Star Macalline Group Corp Ltd Class A has a dividend yield of 0.8%.
What growth is priced into Red Star Macalline Group Corp Ltd Class A (601828)?
For today's price to be fair in a discounted-cash-flow model, Red Star Macalline Group Corp Ltd Class A would have to grow free cash flow by +40.5 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.3 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 601828 use?
Our models discount Red Star Macalline Group Corp Ltd Class A at 12.3 %: a base by market capitalisation (small), damped by beta 1.14, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Red Star Macalline Group Corp Ltd Class A that is +40.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Red Star Macalline Group Corp Ltd Class A (601828) delivered so far?
Over the past 5 years revenue at Red Star Macalline Group Corp Ltd Class A grew -14.3 % a year. The price currently implies free-cash-flow growth of +40.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Red Star Macalline Group Corp Ltd Class A (601828) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Red Star Macalline Group Corp Ltd Class A (+40.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Red Star Macalline Group Corp Ltd Class A (601828)?
The free-cash-flow yield on the price is 7.92 %: that much free cash flow Red Star Macalline Group Corp Ltd Class A produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Red Star Macalline Group Corp Ltd Class A (601828)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Red Star Macalline Group Corp Ltd Class A it is ¥1.31 per share (as of Nov 5, 2026), against a price of ¥2.01. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Red Star Macalline Group Corp Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 601828 trades above its calculated fair value: price ¥2.01, fair value ¥1.31, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601828?
No. The price is what the market pays today (¥2.01); the fair value is what the company's own numbers justify (¥1.31). For Red Star Macalline Group Corp Ltd Class A the two are ¥0.7000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Red Star Macalline Group Corp Ltd Class A worth?
The market values Red Star Macalline Group Corp Ltd Class A at about 8.8B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥2.01; our models calculate a fair value of ¥1.31 per share.
What do the bullish and bearish scenarios say about 601828?
Our models span a range for Red Star Macalline Group Corp Ltd Class A: cautious scenario ¥0.4500, base ¥1.31, optimistic ¥2.95 per share (as of Nov 5, 2026, price ¥2.01). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Red Star Macalline Group Corp Ltd Class A (601828)?
Balance-sheet figures for Red Star Macalline Group Corp Ltd Class A (as of Nov 5, 2026): return on equity −65.7%, debt of 0.91 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 601828 from its 52-week high?
Red Star Macalline Group Corp Ltd Class A trades at ¥2.01, about 35% below its 52-week high of ¥3.07 and 3% above the low of ¥1.95 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.31 is for.
Which stocks are comparable to Red Star Macalline Group Corp Ltd Class A?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Red Star Macalline Group Corp Ltd Class A stock attractive at the current price?
The data as of Nov 5, 2026: price ¥2.01, calculated fair value ¥1.31 (−35%), Quality Score 43/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601828 calculated?
We run Red Star Macalline Group Corp Ltd Class A through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of ¥1.31 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Red Star Macalline Group Corp Ltd Class A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Red Star Macalline Group Corp Ltd Class A (601828)?
The closing price on Nov 6, 2026 was ¥2.01. Our model-based fair value is ¥1.31, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Red Star Macalline Group Corp Ltd Class A right now?
Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥0.4500 to ¥2.95). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Red Star Macalline Group Corp Ltd Class A
How large is the market capitalisation of Red Star Macalline Group Corp Ltd Class A (601828)?
The market capitalisation of Red Star Macalline Group Corp Ltd Class A is 8.8B CNY (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Red Star Macalline Group Corp Ltd Class A (601828)?
The price-to-sales ratio of Red Star Macalline Group Corp Ltd Class A is 1.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Red Star Macalline Group Corp Ltd Class A (601828)?
Earnings per share at Red Star Macalline Group Corp Ltd Class A are ¥−5.08. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Red Star Macalline Group Corp Ltd Class A (601828)?
The dividend yield of Red Star Macalline Group Corp Ltd Class A is 0.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Red Star Macalline Group Corp Ltd Class A (601828)?
The return on equity (ROE) of Red Star Macalline Group Corp Ltd Class A is −65.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Red Star Macalline Group Corp Ltd Class A (601828)?
On an EBIT basis the return on assets of Red Star Macalline Group Corp Ltd Class A is 0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Red Star Macalline Group Corp Ltd Class A (601828)?
The operating margin of Red Star Macalline Group Corp Ltd Class A is 36.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Red Star Macalline Group Corp Ltd Class A (601828)?
Revenue at Red Star Macalline Group Corp Ltd Class A is growing −10.2% versus a year earlier (3y avg −22.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Red Star Macalline Group Corp Ltd Class A (601828)?
Earnings per share at Red Star Macalline Group Corp Ltd Class A are growing −98.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Red Star Macalline Group Corp Ltd Class A (601828) carry?
The net debt of Red Star Macalline Group Corp Ltd Class A is 38.1B CNY (fiscal year 2025, ≈ 55.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 5, 2026