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Nanjing OLO Home Furnishing Co (603326) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.2B CNY

NO Nanjing OLO Home Furnishing Co 603326 · SHG
Price¥6.78
Fair Value¥10.27
Upside+51.5%
Quality67/100
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Mixed Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
5.72% dividend yield
Mixed vs. peers (8/14)
Moderate moat 47/100
Evidence: High Range ¥6.64 – ¥13.85 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price +7.8% over the past month.

A solid business, screening 51% undervalued on our models.

What matters now

  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥6.64 to ¥13.85) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥16.13 ¥4.97 Fair Value ¥10.27 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range ¥4.97 – ¥16.13 · fair‑value band ¥6.64 – ¥13.85 · the ¥6.78 price screens below the ¥10.27 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Nanjing OLO Home Furnishing Co (603326) currently trades at ¥6.78, while our model-based Fair Value estimate is ¥10.27, implying the stock looks roughly 51.5% undervalued today. The Quality Score stands at 67/100 (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, Nanjing OLO Home Furnishing Co generated revenue of 1.4B CNY at a net margin of 10.5%. Revenue declined 26.6% year over year. It earns a return on equity of 12.0%. The balance sheet holds a net cash position of 167M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥6.64 (bear case) to ¥13.85 (bull case); at ¥6.78, 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 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 16% fair-value upside, at 51%, 603326 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 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
Growth DCF ¥3.26 ¥4.41 ¥5.95 80
Residual Income ¥3.63 ¥4.39 ¥7.78 76
Rev-Margin DCF ¥3.82 ¥5.83 ¥8.08 74
All 26 models by family
DCF Models
FCF DCF ¥3.21 ¥4.49 ¥6.32 38
Owner Earnings ¥8.22 ¥11.92 ¥17.21 31
5Y Revenue Exit ¥3.82 ¥5.84 ¥8.39 39
5Y EBITDA Exit ¥6.99 ¥11.65 ¥17.05 41
5Y P/E Exit ¥6.57 ¥10.89 ¥15.37 38
10Y Revenue Exit ¥3.45 ¥5.20 ¥7.50 36
10Y EBITDA Exit ¥5.52 ¥9.11 ¥13.85 37
10Y P/E Exit ¥5.27 ¥8.60 ¥12.61 35
Earnings-Based
Graham-Dodd ¥3.71 ¥10.52 ¥13.86 54
Lynch FV ¥2.14 ¥3.06 ¥3.98 50
PEG = 1.0 ¥2.14 ¥3.06 ¥3.98 46
EPV ¥6.57 ¥7.52 ¥8.33 59
Dividend Discount
Gordon GGM ¥5.98 ¥11.91 ¥18.03 70
DDM Multi-Stage ¥5.98 ¥9.33 ¥12.57 61
Multiples
P/E Multiple ¥9.01 ¥12.02 ¥15.02 63
P/S Multiple ¥4.09 ¥5.45 ¥6.82 58
P/B Multiple ¥6.97 ¥9.29 ¥11.61 55
EV/EBIT ¥10.87 ¥14.31 ¥17.75 53
EV/EBITDA ¥10.31 ¥13.57 ¥16.82 54
EV/Revenue ¥4.38 ¥6.01 ¥7.65 43
Asset-Based
NCAV (Graham) ¥1.85 ¥2.48 ¥3.71 50
Growth DCF
Growth DCF ¥3.26 ¥4.41 ¥5.95 80
Rev-Margin DCF ¥3.82 ¥5.83 ¥8.08 74
Economic Profit
Residual Income ¥3.63 ¥4.39 ¥7.78 76
ROIC Compounder ¥6.91 ¥8.41 ¥10.08 72
Growth Earnings
Growth-Adj P/E ¥7.19 ¥10.27 ¥13.36 68

Widest divergence: Growth Earnings (¥10.27) versus Asset-Based (¥2.48). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) -26.6%
Net margin 10.5%
Return on equity 12.0%
Free cash flow 80.2M CNY FY2025
P/E ratio 15.0
More key figures
Operating margin 4.1%
EPS (TTM) ¥0.4500
Dividend yield 5.7%
EPS growth (YoY) -77.6%
Net cash 167M CNY FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 30

Profitability 55
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 81
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

Nanjing OLO Home Furnishing Co.,Ltd engages in the design, research and development, production, sale, and service of integrated kitchen cabinets and whole-house customized furniture products in China. The company is also involved in the development of artificial intelligence application software.

Full company description

Nanjing OLO Home Furnishing Co.,Ltd engages in the design, research and development, production, sale, and service of integrated kitchen cabinets and whole-house customized furniture products in China. The company is also involved in the development of artificial intelligence application software. It operates under the Wole Whole House Customization and Wole Kitchen Cabinets brand names. It sells its products to distributors, end-users, and bulk customers. The company was founded in 2006 and is headquartered in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanjing OLO Home Furnishing Co reported revenue of ¥1.5B in FY2025 versus ¥1.7B in FY2021, a compound −4.2%/yr. Reported net income was ¥174M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
+1.3%
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.
−4.5%
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.
−1.7%
Avg. growth/yr (13Y) 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.
+13.5%
Revenue −4.2%/yr
FY21 ¥1.7B
FY22 ¥1.7B
FY23 ¥1.7B
FY24 ¥1.4B
FY25 ¥1.5B
Net income
FY21 −¥162M
FY22 ¥139M
FY23 ¥157M
FY24 ¥121M
FY25 ¥174M
Character of growth · EPS growth decomposed (2013-2024) +6.2 % p.a.
Revenue per share +6.1 pp

of which total revenue +13.3 pp · buybacks/dilution −7.2 pp

EBIT margin −0.3 pp
Tax rate +0.9 pp
Residual (interest, one-offs) −0.4 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).

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Cite: Fair Value Calculator (2026). "Nanjing OLO Home Furnishing Co Fair Value". https://www.fairvalue-calculator.com/stock/603326

Peer Group

Furnishings, Fixtures & Appliances · 311 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 67 · Top 25%
Fair Value upside +52% · Top 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 4% · Below median
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 5.7% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 15.0× · Cheaper than median
P/B 1.83× · Pricier than median
P/S (TTM) 1.58× · Pricier than 75% of peers
P/FCF 4.0× · Pricier than median
EV/EBITDA 7.6× · Cheaper than median

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 100 · sector 22
FUTURE 0 · sector 0
PAST 48 · sector 19
HEALTH 94 · sector 97
DIVIDEND 100 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Nanjing OLO Home Furnishing Co (603326) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥10.27 versus a price of ¥6.78, about +51% (undervalued).
What is the fair value of 603326?
Our model-based fair value for Nanjing OLO Home Furnishing Co is ¥10.27 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥6.78.
What is the quality score of 603326?
Nanjing OLO Home Furnishing Co has a Quality Score of 67/100. 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 Nanjing OLO Home Furnishing Co (603326)?
Nanjing OLO Home Furnishing Co reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603326?
The net profit margin of Nanjing OLO Home Furnishing Co is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Nanjing OLO Home Furnishing Co pay a dividend?
Nanjing OLO Home Furnishing Co currently shows a dividend yield of about 5.72% relative to its recent price (as of Jul 11, 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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