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Ningbo Peacebird Fashion Co (603877) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 6.2B CNY

NP Ningbo Peacebird Fashion Co 603877 · SHG
Price¥12.64
Fair Value¥8.14
Upside-35.6%
Quality61/100
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Weak Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
2.22% dividend yield
Trails peers (4/14)
Narrow moat 31/100
Evidence: High Range ¥6.10 – ¥10.17 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥12.15 to ¥8.14 (−33.0%) since Jun 24, 2026. Share price −1.7% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥10.17). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥57.54 ¥11.13 Fair Value ¥8.14 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥11.13 – ¥57.54 · fair‑value band ¥6.10 – ¥10.17 · the ¥12.64 price screens above the ¥8.14 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Ningbo Peacebird Fashion Co (603877) currently trades at ¥12.64, while our model-based Fair Value estimate is ¥8.14, implying the stock looks roughly 35.6% overvalued today. The Quality Score stands at 61/100 (solid 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: high).

Over the trailing twelve months, Ningbo Peacebird Fashion Co generated revenue of 6.3B CNY at a net margin of 3.0%. Revenue declined 0.7% year over year. It earns a return on equity of 4.0%. Net debt stands at 128M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥6.10 (bear case) to ¥10.17 (bull case); at ¥12.64, 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 30% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -45% fair-value upside, at -36%, 603877 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
Growth DCF ¥8.65 ¥11.48 ¥16.06 80
Residual Income ¥7.05 ¥7.03 ¥6.29 76
Rev-Margin DCF ¥8.01 ¥11.87 ¥16.55 74
All 24 models by family
DCF Models
FCF DCF ¥8.36 ¥11.29 ¥16.42 38
Owner Earnings ¥8.47 ¥11.43 ¥16.63 31
5Y Revenue Exit ¥8.01 ¥11.72 ¥16.96 39
5Y EBITDA Exit ¥13.58 ¥21.26 ¥31.10 41
5Y P/E Exit ¥6.31 ¥8.81 ¥11.71 38
10Y Revenue Exit ¥7.85 ¥11.07 ¥14.77 36
10Y EBITDA Exit ¥11.43 ¥17.24 ¥24.00 37
10Y P/E Exit ¥7.05 ¥9.18 ¥11.35 35
Earnings-Based
Graham-Dodd ¥2.52 ¥4.46 ¥5.49 54
EPV ¥6.05 ¥7.05 ¥7.91 59
Dividend Discount
Gordon GGM ¥3.73 ¥4.77 ¥5.81 70
DDM Multi-Stage ¥3.73 ¥5.00 ¥6.48 61
Multiples
P/E Multiple ¥6.10 ¥8.14 ¥10.17 63
P/S Multiple ¥4.72 ¥6.29 ¥7.86 58
P/B Multiple ¥4.72 ¥6.29 ¥7.86 55
EV/EBIT ¥12.63 ¥16.93 ¥21.23 53
EV/EBITDA ¥19.58 ¥26.19 ¥32.81 54
EV/Revenue ¥8.42 ¥12.15 ¥15.88 43
Asset-Based
NCAV (Graham) ¥4.76 ¥6.38 ¥9.53 50
Growth DCF
Growth DCF ¥8.65 ¥11.48 ¥16.06 80
Rev-Margin DCF ¥8.01 ¥11.87 ¥16.55 74
Economic Profit
Residual Income ¥7.05 ¥7.03 ¥6.29 76
ROIC Compounder ¥6.05 ¥7.05 ¥7.91 72
Growth Earnings
Growth-Adj P/E ¥4.30 ¥6.15 ¥7.99 68

Widest divergence: Growth DCF (¥11.48) versus Earnings-Based (¥4.46). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.3B CNY
Revenue growth (YoY) -0.7%
Net margin 3.0%
Return on equity 4.0%
Free cash flow 420M CNY FY2025
P/E ratio 33.7
More key figures
Operating margin 12.9%
EPS (TTM) ¥0.3900
Dividend yield 2.2%
EPS growth (YoY) +7.7%
Net debt 128M CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 35

Profitability 44
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 79
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

Ningbo Peacebird Fashion Co.,Ltd. operates as a customer-centric fashion brand retailer in China. The company offers women's, men's and children's clothing products under the PEACEBIRD WOMEN, PEACEBIRD MEN, Mini Peace, LEDIN, and other brands.

Full company description

Ningbo Peacebird Fashion Co.,Ltd. operates as a customer-centric fashion brand retailer in China. The company offers women's, men's and children's clothing products under the PEACEBIRD WOMEN, PEACEBIRD MEN, Mini Peace, LEDIN, and other brands. It also retails and wholesales clothing and accessories; manufactures feathers; and offers technical development, consulting, exchanges, transfer, and promotion services. In addition, the company is involved in logistics activities; professional design; wholesale and retail of shoes, hats, cosmetics, and stationery; sale of textiles, daily necessities, daily masks, and class I medical devices; retail of sporting goods and equipment; rental of cultural supplies and equipment; and Internet sales. It sells its products through direct-sale and franchise stores; and e-commerce platforms. Ningbo Peacebird Fashion Co.,Ltd. was founded in 1996 and is headquartered in Ningbo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Peacebird Fashion Co reported revenue of ¥6.3B in FY2025 versus ¥10.9B in FY2021, a compound −12.7%/yr. Reported net income was ¥174M in FY2025, compounding −28.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.3B CNY
Latest YoY
−6.9%
Avg. growth/yr (3Y)
−9.7%
Avg. growth/yr (5Y)
−7.6%
Avg. growth/yr (14Y)
+9.5%
Revenue −12.7%/yr
FY21 ¥10.9B
FY22 ¥8.6B
FY23 ¥7.8B
FY24 ¥6.8B
FY25 ¥6.3B
Net income −28.8%/yr
FY21 ¥677M
FY22 ¥186M
FY23 ¥422M
FY24 ¥258M
FY25 ¥174M

603877 screens 36% overvalued. Compare with Industria de Diseño Textil, S.A →

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Cite: Fair Value Calculator (2026). "Ningbo Peacebird Fashion Co Fair Value". https://www.fairvalue-calculator.com/stock/603877

Peer Group

Apparel Retail · 107 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 61 · Above median
Fair Value upside −36% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 13% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 2.2% · Above median
Debt / equity 0.18× · Higher than 75% of peers

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 33.7× · Pricier than 75% of peers
P/B 1.38× · Pricier than median
P/S (TTM) 0.98× · Pricier than median
P/FCF 2.2× · Cheaper than median
EV/EBITDA 23.6× · 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 0 · sector 33
FUTURE 0 · sector 17
PAST 16 · sector 35
HEALTH 91 · sector 100
DIVIDEND 44 · sector 44

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 Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €58.44 €23.29 -60%
The TJX Companies, Inc TJX $154.46 $84.95 -45%
Fast Retailing Co 6288 HK$40.00 HK$15.37 -62%
Ross Stores, Inc ROST $233.46 $118.41 -49%
Burlington Stores, Inc BURL $327.72 $147.08 -55%
Trent Limited TRENT ₹2,903 ₹709.49 -76%
lululemon athletica inc., LULU $116.33 $299.63 +158%
Aritzia Inc ATZ C$160.05 C$87.26 -45%
The Gap, Inc GAP $20.35 $37.12 +82%
Urban Outfitters, Inc URBN $72.95 $92.88 +27%

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Frequently asked questions

Is Ningbo Peacebird Fashion Co (603877) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥8.14 versus a price of ¥12.64, about −36% (overvalued).
What is the fair value of 603877?
Our model-based fair value for Ningbo Peacebird Fashion Co is ¥8.14 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥12.64.
What is the quality score of 603877?
Ningbo Peacebird Fashion Co has a Quality Score of 61/100. 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 Ningbo Peacebird Fashion Co (603877)?
Ningbo Peacebird Fashion Co reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603877?
The net profit margin of Ningbo Peacebird Fashion Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Ningbo Peacebird Fashion Co pay a dividend?
Ningbo Peacebird Fashion Co currently shows a dividend yield of about 2.22% relative to its recent price (as of Jul 12, 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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