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Inner Mongolia Xinhua Distribution Group (603230) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.2B CNY

IM Inner Mongolia Xinhua Distribution Group 603230 · SHG
Price¥9.03
Fair Value¥9.70
Upside+7.4%
Quality62/100
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Mixed Growth
Thin margins · 6.4% net margin
generates free cash flow
1.65% dividend yield
Mixed vs. peers (6/13)
Narrow moat 40/100
Evidence: High Range ¥7.56 – ¥12.56 Share as image

Fair value as of: Aug 10, 2026

From 24 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥10.34 to ¥9.70 (−6.2%) since Jul 11, 2026. Share price +0.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥7.56 (bear) to ¥12.56 (bull), base ¥9.70. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥23.17 ¥8.55 Fair Value ¥9.70 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

55‑month range ¥8.55 – ¥23.17 · fair‑value band ¥7.56 – ¥12.56 · the ¥9.03 price screens below the ¥9.70 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Inner Mongolia Xinhua Distribution Group (603230) currently trades at ¥9.03, while our model-based Fair Value estimate is ¥9.70, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Inner Mongolia Xinhua Distribution Group generated revenue of 1.3B CNY at a net margin of 6.4%. Revenue declined 39.4% year over year. It earns a return on equity of 2.9%. The stock trades on a trailing P/E of 42.4. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥7.56 (bear case) to ¥12.56 (bull case); at ¥9.03, the current price sits within 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at 7%, 603230 screens cheaper 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
Residual Income ¥6.20 ¥6.47 ¥6.60 76
Growth DCF ¥7.64 ¥9.47 ¥12.50 72
Gordon GGM ¥4.22 ¥4.59 ¥5.17 70
All 24 models by family
DCF Models
FCF DCF ¥7.42 ¥9.32 ¥12.73 38
Owner Earnings ¥7.68 ¥9.67 ¥13.26 31
5Y Revenue Exit ¥6.27 ¥7.86 ¥10.17 39
5Y EBITDA Exit ¥7.48 ¥9.96 ¥13.23 41
5Y P/E Exit ¥8.49 ¥11.70 ¥15.53 38
10Y Revenue Exit ¥6.61 ¥7.81 ¥9.08 36
10Y EBITDA Exit ¥7.42 ¥9.08 ¥10.84 37
10Y P/E Exit ¥8.01 ¥10.13 ¥12.15 35
Earnings-Based
Graham-Dodd ¥3.36 ¥4.11 ¥4.62 54
EPV ¥5.58 ¥6.11 ¥6.57 59
Dividend Discount
Gordon GGM ¥4.22 ¥4.59 ¥5.17 70
DDM Multi-Stage ¥4.22 ¥5.21 ¥6.57 61
Multiples
P/E Multiple ¥8.16 ¥10.88 ¥13.60 63
P/S Multiple ¥3.85 ¥5.14 ¥6.42 58
P/B Multiple ¥6.30 ¥8.41 ¥10.51 55
EV/EBIT ¥8.55 ¥10.66 ¥12.77 53
EV/EBITDA ¥8.42 ¥10.49 ¥12.56 54
EV/Revenue ¥5.81 ¥7.35 ¥8.90 43
Asset-Based
NCAV (Graham) ¥3.92 ¥5.25 ¥7.83 50
Growth DCF
Growth DCF ¥7.64 ¥9.47 ¥12.50 72
Rev-Margin DCF ¥6.27 ¥7.99 ¥10.12 67
Economic Profit
Residual Income ¥6.20 ¥6.47 ¥6.60 76
ROIC Compounder ¥5.58 ¥6.11 ¥6.57 67
Growth Earnings
Growth-Adj P/E ¥5.75 ¥8.22 ¥10.68 68

Widest divergence: DCF Models (¥9.32) versus Earnings-Based (¥4.11). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.3B CNY
Revenue growth (YoY) -39.4%
Net margin 6.4%
Return on equity 2.9%
Free cash flow 199M CNY FY2025
P/E ratio 42.4
More key figures
Operating margin 15.5%
EPS (TTM) ¥0.2300
Dividend yield 1.6%
EPS growth (YoY) -59.1%

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 31

Profitability 33
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 4
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

Inner Mongolia Xinhua Distribution Group Co.,Ltd. engages wholesale and retail of forestry products. It is also involved in wholesale and retail of books, newspapers, audio-visual products and electronic publications, cultural, sports goods and equipment, jewelry, handicrafts and collectibles, textbooks and supplementary teaching materials, and educational …

Full company description

Inner Mongolia Xinhua Distribution Group Co.,Ltd. engages wholesale and retail of forestry products. It is also involved in wholesale and retail of books, newspapers, audio-visual products and electronic publications, cultural, sports goods and equipment, jewelry, handicrafts and collectibles, textbooks and supplementary teaching materials, and educational equipment. In addition, the company engages in self-operation and agency import and export of various commodities and technologies; wholesale and retail of textiles, clothing and household goods, machinery and equipment, hardware products and electronic products; advertising; leasing of self-owned houses; property management; and logistics and other warehousing business. Inner Mongolia Xinhua Distribution Group Co.,Ltd. was founded in 1947 and is based in Hohhot, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inner Mongolia Xinhua Distribution Group reported revenue of ¥1.5B in FY2025 versus ¥1.6B in FY2021, a compound −1.2%/yr. Reported net income was ¥175M in FY2025, compounding −6.5%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−16.4%
Avg. growth/yr (3Y)
−3.0%
Avg. growth/yr (5Y)
+3.6%
Avg. growth/yr (6Y)
+3.9%
Revenue −1.2%/yr
FY21 ¥1.6B
FY22 ¥1.7B
FY23 ¥1.8B
FY24 ¥1.8B
FY25 ¥1.5B
Net income −6.5%/yr
FY21 ¥229M
FY22 ¥268M
FY23 ¥315M
FY24 ¥338M
FY25 ¥175M

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Cite: Fair Value Calculator (2026). "Inner Mongolia Xinhua Distribution Group Fair Value". https://www.fairvalue-calculator.com/stock/603230

Peer Group

Specialty Retail · 221 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 62 · Above median
Fair Value upside +7% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth -39% · Bottom 25%
Dividend yield (TTM) 1.7% · Below median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 39.3× · Pricier than 75% of peers
P/B 1.15× · Cheaper than median
P/S (TTM) 2.49× · Pricier than 75% of peers
P/FCF 2.4× · Cheaper than median
EV/EBITDA 22.2× · 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 43 · sector 31
FUTURE 0 · sector 23
PAST 11 · sector 27
HEALTH 0 · sector 94
DIVIDEND 33 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Inner Mongolia Xinhua Distribution Group (603230) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥9.70 versus a price of ¥9.03, about +7% (fairly valued).
What is the fair value of 603230?
Our model-based fair value for Inner Mongolia Xinhua Distribution Group is ¥9.70 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥9.03.
What is the quality score of 603230?
Inner Mongolia Xinhua Distribution Group has a Quality Score of 62/100. 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 Inner Mongolia Xinhua Distribution Group (603230)?
Inner Mongolia Xinhua Distribution Group reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603230?
The net profit margin of Inner Mongolia Xinhua Distribution Group is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does Inner Mongolia Xinhua Distribution Group pay a dividend?
Inner Mongolia Xinhua Distribution Group currently shows a dividend yield of about 1.58% relative to its recent price (as of Aug 10, 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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