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Shanghai state-owned retail conglomerate operating department stores and the Lianhua supermarket chain.
Shanghai state-owned retail conglomerate operating department stores and the Lianhua supermarket chain.
Department stores earn mostly commissions and rent from brands that sell on their floors, while the supermarket chain resells goods on thin margins, so footfall and sales mix matter more than stock management. It is controlled by the Shanghai city government's retail group.
In one line: A Chinese Macy's-plus-Kroger department store and grocery conglomerate.
Moat: none (scale). Large legacy retail footprint but facing structural e-commerce competition.
Headquarters: Shanghai, China · Employees: 16,588
Size Shanghai Bailian (600827.SS) is a China Consumer Staples company (Food Retail) with a market value of $1.99B, the 1271st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.89 on 6 Nov 2026.
Performance Over six months the shares fell 4.6%, against -1.3% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 9.4% over the last twelve months (peer median +4.1%); the operating margin is -1.6% (peer median 3.0%).
Valuation It trades at 15.9× forward earnings against a peer median of 18.8× (7th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥22.7B | CN¥24.7B | CN¥27.6B | CN¥30.4B | CN¥32.2B |
| Revenue growth | — | -10% | -9% | -6% | — |
| Gross profit | CN¥6.37B | CN¥4.76B | CN¥5.53B | CN¥6.39B | CN¥6.25B |
| EBITDA | n/a | CN¥2.29B | CN¥2.64B | CN¥3.22B | CN¥2.75B |
| Net income | CN¥1.24B | CN¥631M | CN¥1.57B | CN¥399M | CN¥674M |
| Free cash flow | CN¥717M | CN¥51.0M | CN¥2.53B | CN¥2.58B | CN¥2.63B |
| Capital expenditure | CN¥1.30B | CN¥1.49B | CN¥1.01B | CN¥1.13B | CN¥914M |
| Total debt | CN¥10.6B | CN¥13.8B | CN¥13.8B | CN¥15.8B | CN¥16.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shanghai Bailian 600827.SS | $1.99B | -5% | -9% | -2% | 15.9× | -3.5% |
| Yonghui Superstores 601933.SS | $3.76B | -23% | -16% | -3% | 273.4× | n/a |
| Sun Art Retail 6808.HK | $1.37B | -24% | -10% | 0% | n/a | 1.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600827.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.2% | +3.7% | 6th lowest of 21 |
| 6-month return | -4.6% | -1.3% | 8th lowest of 21 |
| Distance from 52-week high | -18.9% | -10.2% | 6th lowest of 21 |
| Revenue growth (TTM) | -9.4% | +4.1% | 4th lowest of 20 |
| Operating margin | -1.6% | 3.0% | 2nd lowest of 20 |
| Forward P/E | 15.9× | 18.8× | 7th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -3.5% | -2.0% | 8th least demanding of 19 |
| Growth delivered (Del g) | -6.7% | +3.4% | 4th lowest of 19 |
| Hurdle (Req g minus delivered) | +3.2 pp | -7.6 pp | 4th most demanding of 19 |
| ROIC minus cost of capital | -0.8 pp | +3.2 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shanghai Bailian 600827.SS | China | $1.99B | -5% | -9% | -2% | 15.9× | -3.5% | -6.7% |
| Weis Markets WMK | United States | $1.92B | +10% | +4% | 2% | n/a | 4.3% | +3.8% |
| BGF Retail 282330.KS | South Korea | $1.82B | +9% | +5% | 3% | 10.8× | -18.3% | +7.9% |
| Yesway YSWY | United States | $1.56B | -4% | n/a | n/a | 21.2× | n/a | n/a |
| Blue Zones 417A.T | Japan | $2.56B | +11% | +12% | 4% | 15.8× | -4.0% | +9.9% |
| Ingles Markets IMKTA | United States | $1.53B | -5% | +1% | 3% | n/a | -1.4% | +3.0% |
| Life 8194.T | Japan | $1.43B | +1% | +3% | 3% | 12.1× | -11.0% | +3.0% |
| Sheng Siong OV8.SI | Singapore | $2.77B | -22% | +10% | 10% | 21.6× | -1.6% | +2.4% |
| Kusuri No Aoki 3549.T | Japan | $2.88B | +26% | +13% | 5% | 21.2× | 4.1% | +13.1% |
| Better Life Commercial Chain Share 002251.SZ | China | $1.34B | -19% | +11% | 5% | 42.1× | 10.8% | -23.1% |
| Grocery Outlet GO | United States | $1.29B | +59% | +5% | 4% | 21.6× | 4.4% | +8.4% |
| Aryzta ARYN.SW | Switzerland | $1.28B | -26% | -3% | 7% | 13.0× | -6.6% | +3.0% |
| Arcs 9948.T | Japan | $1.27B | +5% | +2% | 3% | 15.9× | -10.6% | +2.4% |
| Distribuidora Internacional de Alimentacion DIA.MC | Spain | $3.15B | +25% | +2% | 3% | 32.6× | 4.9% | -3.6% |
| Chongqing Chongbai Technology 600729.SS | China | $1.26B | -9% | -11% | 4% | 11.3× | -10.4% | -6.9% |
| Valor 9956.T | Japan | $1.25B | -6% | +9% | 3% | 8.8× | -2.7% | +4.8% |
| Taiwan FamilyMart 5903.TWO | Taiwan | $1.23B | -4% | +7% | 2% | 23.4× | -2.4% | +5.2% |
| San-a 2659.T | Japan | $1.22B | -2% | +6% | 7% | 16.4× | -12.3% | +3.9% |
| Fuji 8278.T | Japan | $1.11B | -1% | -1% | 1% | n/a | 2.6% | +20.9% |
| Ocado OCDO.L | United Kingdom | $3.73B | +77% | -42% | 3% | n/a | 39.1% | -9.9% |
| Yonghui Superstores 601933.SS | China | $3.76B | -23% | -16% | -3% | 273.4× | n/a | n/a |