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Shanghai Bailian Group Co Ltd B (900923) Fair Value & Analysis

Consumer Cyclical · CN · Market cap $1.0B

SB Shanghai Bailian Group Co Ltd B 900923 · SHG
Price$0.5810
Fair Value$1.15
Upside+97.9%
Quality46/100
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Strengths

Trades 98% below our fair value of $1.15

Risks

!Weak Growth
!Thin margins · 5.1% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (5/10)
Weak Growth
Thin margins · 5.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 23/100
Evidence: Medium Range $0.8700 – $1.44 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 8 days ago

Share price +1.9% over the past month.

Below-average quality, screening 98% undervalued on our models.

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69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case ($0.8700). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

$0.9809 $0.3850 Fair Value $1.15 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $0.3850 – $0.9809 · fair‑value band $0.8700 – $1.44 · the $0.5810 price screens below the $1.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shanghai Bailian Group Co Ltd B (900923) currently trades at $0.5810, while our model-based Fair Value estimate is $1.15, implying the stock looks roughly 97.9% undervalued today. The Quality Score stands at 46/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Shanghai Bailian Group Co Ltd B generated revenue of $24.1B at a net margin of 5.1%. Revenue declined 8.9% year over year. It earns a return on equity of 4.5%. The stock trades on a trailing P/E of 5.5 (as of Jun 16, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.8700 (bear case) to $1.44 (bull case); at $0.5810, the current price sits below 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 16% below its 52-week high and 21% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at 98%, 900923 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
Residual Income $7.80 $7.39 $5.78 76
Growth-Adj P/E $4.11 $5.88 $7.64 68
P/E Multiple $5.84 $7.78 $9.73 63
All 9 models by family
DCF Models
Owner Earnings $11.15 $13.07 $16.29 31
Earnings-Based
Graham-Dodd $2.41 $2.94 $3.31 54
Multiples
P/E Multiple $5.84 $7.78 $9.73 63
P/S Multiple $4.51 $6.01 $7.52 58
P/B Multiple $4.51 $6.01 $7.52 55
EV/EBITDA $15.86 $19.54 $23.22 54
Asset-Based
NCAV (Graham) $5.71 $7.66 $11.43 50
Economic Profit
Residual Income $7.80 $7.39 $5.78 76
Growth Earnings
Growth-Adj P/E $4.11 $5.88 $7.64 68

Widest divergence: DCF Models ($13.07) versus Earnings-Based ($2.94). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) $24.1B
Revenue growth (YoY) -8.9%
Net margin 5.1%
Return on equity 4.5%
Free cash flow −$501M FY2025
P/E ratio 5.5 as of Jun 16, 2026
More key figures
Operating margin 3.1%
EPS (TTM) $0.1000
EPS growth (YoY) +311%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 57

Profitability 23
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 39
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

Shanghai Bailian (Group) Co., Ltd. engages in retail business through department stores, supermarket chains, and specialty chains in China. The company was founded in 1993 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Bailian Group Co Ltd B reported revenue of $24.8B in FY2025 versus $34.7B in FY2021, a compound −8.0%/yr. Reported net income was $631M in FY2025, compounding −4.3%/yr from FY2021.

Growth Quality 14/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$24.8B
Latest YoY
−10.4%
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.
−8.4%
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.
−6.8%
Avg. growth/yr (10Y) 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.
−6.6%
Revenue −8.0%/yr
FY21 $34.7B
FY22 $32.3B
FY23 $30.5B
FY24 $27.7B
FY25 $24.8B
Net income −4.3%/yr
FY21 $753M
FY22 $684M
FY23 $399M
FY24 $1.6B
FY25 $631M

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Cite: Fair Value Calculator (2026). "Shanghai Bailian Group Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900923

Peer Group

Department Stores · 126 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 46 · Bottom 25%
Fair Value upside +98% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -9% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 5.5× · Cheaper than 75% of peers
PEG 1.10× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 24
FUTURE0 · sector 1
PAST18 · sector 14
HEALTH96 · sector 96
DIVIDEND0 · sector 37

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

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 6,380 CLP 8,005 CLP +25%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 220.59 MXN +121%
99 Speed Mart Retail Holdings 5326 3.65 MYR 1.59 MYR -56%
Cencosud S.A CENCOSUD 1,949 CLP 2,425 CLP +24%
Vishal Mega Mart Limited VMM ₹107.00 ₹30.46 -72%
SHINSEGAE Inc 004170 399,000 KRW 177,841 KRW -55%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 54.64 MXN +82%
Lotte Shopping Co 023530 97,300 KRW 76,636 KRW -21%
Lojas Renner S.A LREN3 R$11.74 R$33.36 +184%
La Comer, S.A. LACOMERUBC 32.19 MXN 44.99 MXN +40%

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Frequently asked questions

Is Shanghai Bailian Group Co Ltd B (900923) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $1.15 versus a price of $0.5810, about +98% (undervalued).
What is the fair value of 900923?
Our model-based fair value for Shanghai Bailian Group Co Ltd B is $1.15 (as of Aug 13, 2026), built from audited fundamentals. The current price: $0.5810.
What is the quality score of 900923?
Shanghai Bailian Group Co Ltd B has a Quality Score of 46/100. 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 Shanghai Bailian Group Co Ltd B (900923)?
Shanghai Bailian Group Co Ltd B reported trailing-twelve-month revenue of about $24.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 900923?
The net profit margin of Shanghai Bailian Group Co Ltd B is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.

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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