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Shanghai Kai Kai Industry Company (900943) Fair Value & Analysis

Consumer Cyclical · CN · Market cap $104M

SK Shanghai Kai Kai Industry Company 900943 · SHG
Price$0.4480
Fair Value$1.08
Upside+141.1%
Quality46/100
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Healthy Growth
Thin margins · 2.0% net margin
generates free cash flow
Trails peers (2/9)
Narrow moat 25/100
Evidence: High Range $0.8100 – $1.35 Share as image

Fair value as of: Jul 7, 2026

From 23 valuation models · updated 34 days ago

Share price +12.0% over the past month.

Below-average quality, screening 141% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($0.8100). 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)

$0.7739 $0.3240 Fair Value $1.08 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

60‑month range $0.3240 – $0.7739 · fair‑value band $0.8100 – $1.35 · the $0.4480 price screens below the $1.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Shanghai Kai Kai Industry Company (900943) currently trades at $0.4480, while our model-based Fair Value estimate is $1.08, implying the stock looks roughly 141.1% 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: high), always confirm before acting.

Over the trailing twelve months, Shanghai Kai Kai Industry Company generated revenue of $1.1B at a net margin of 2.0%. Revenue declined 0.1% year over year. It earns a return on equity of 4.8%. The stock trades on a trailing P/E of 39.7. Fundamentals as of Jul 7, 2026

Our scenario range runs from $0.8100 (bear case) to $1.35 (bull case); at $0.4480, 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 18% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 141%, 900943 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 $1.85 $1.67 $1.10 76
Growth DCF $5.56 $6.80 $8.19 72
Growth-Adj P/E $0.6300 $0.9000 $1.17 68
All 23 models by family
DCF Models
FCF DCF $5.52 $6.91 $8.55 38
Owner Earnings $2.41 $2.79 $3.24 31
5Y Revenue Exit $3.80 $4.49 $5.29 39
5Y EBITDA Exit $4.28 $5.36 $6.54 41
5Y P/E Exit $3.54 $4.03 $4.49 38
10Y Revenue Exit $4.52 $5.25 $6.07 36
10Y EBITDA Exit $4.81 $5.75 $6.85 37
10Y P/E Exit $4.41 $4.98 $5.56 35
Earnings-Based
Graham-Dodd $0.3300 $0.8600 $1.12 54
PEG = 1.0 $0.1600 $0.2300 $0.3000 46
EPV $1.72 $1.78 $1.83 59
Multiples
P/E Multiple $0.8100 $1.08 $1.35 63
P/S Multiple $0.6300 $0.8400 $1.05 58
P/B Multiple $0.6300 $0.8400 $1.05 55
EV/EBIT $3.08 $3.70 $4.32 53
EV/EBITDA $3.57 $4.36 $5.14 54
EV/Revenue $2.48 $3.02 $3.55 43
Asset-Based
NCAV (Graham) $1.48 $1.98 $2.96 50
Growth DCF
Growth DCF $5.56 $6.80 $8.19 72
Rev-Margin DCF $3.80 $4.58 $5.48 67
Economic Profit
Residual Income $1.85 $1.67 $1.10 76
ROIC Compounder $1.72 $1.78 $1.83 67
Growth Earnings
Growth-Adj P/E $0.6300 $0.9000 $1.17 68

Widest divergence: DCF Models ($4.98) versus Earnings-Based ($0.8600). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) $1.1B
Revenue growth (YoY) -0.1%
Net margin 2.0%
Return on equity 4.8%
Free cash flow $141M FY2025
P/E ratio 39.7
More key figures
Operating margin 3.7%
EPS (TTM) $0.0100
EPS growth (YoY) +109%

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 50 · Market factors (momentum, volatility) 49

Profitability 24
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 28
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 Kai Kai Industry Company Limited engages in the wholesale and retail of pharmaceutical products in China. The company is involved in the wholesale and retail of Chinese and Western medicines, prepared slices of Chinese medicinal herbs, medical devices, ginseng and tonic products, beauty and health products, and other health products and services …

Full company description

Shanghai Kai Kai Industry Company Limited engages in the wholesale and retail of pharmaceutical products in China. The company is involved in the wholesale and retail of Chinese and Western medicines, prepared slices of Chinese medicinal herbs, medical devices, ginseng and tonic products, beauty and health products, and other health products and services under the Lei Yunshang brand. It also engages in the wholesale and retail of shirts, sweaters, jackets, coats, and other clothing items under the Kai Kai brand, as well as the purchase and customization of workwear. The company was founded in 1992 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Kai Kai Industry Company reported revenue of $1.1B in FY2025 versus $670M in FY2021, a compound +14.0%/yr. Reported net income was $12.9M in FY2025, compounding −12.1%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.1B
Latest YoY
+3.5%
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.
+8.2%
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.
+8.3%
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.
+2.5%
Revenue +14.0%/yr
FY21 $670M
FY22 $894M
FY23 $925M
FY24 $1.1B
FY25 $1.1B
Net income −12.1%/yr
FY21 $21.7M
FY22 $39.9M
FY23 $39.3M
FY24 $35.0M
FY25 $12.9M

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Cite: Fair Value Calculator (2026). "Shanghai Kai Kai Industry Company Fair Value". https://www.fairvalue-calculator.com/stock/900943

Peer Group

Apparel Manufacturing · 212 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 · Below median
Fair Value upside +141% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth -0% · Below median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 39.7× · Pricier than 75% of peers
P/FCF 0.7× · 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 32
FUTURE 0 · sector 4
PAST 19 · sector 21
HEALTH 0 · sector 98
DIVIDEND 0 · sector 49

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 Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Shanghai Kai Kai Industry Company (900943) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of $1.08 versus a price of $0.4480, about +141% (undervalued).
What is the fair value of 900943?
Our model-based fair value for Shanghai Kai Kai Industry Company is $1.08 (as of Jul 7, 2026), built from audited fundamentals. The current price is $0.4480.
What is the quality score of 900943?
Shanghai Kai Kai Industry Company 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 Kai Kai Industry Company (900943)?
Shanghai Kai Kai Industry Company reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 900943?
The net profit margin of Shanghai Kai Kai Industry Company is about 2.0%, meaning it keeps roughly 2.0% 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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