EN DE

President Chain Store Corp (2912) Fair Value & Analysis

Consumer Defensive · TW · Market cap 253B TWD (≈ $8.0B) · ISIN TW0002912003

What is President Chain Store Corp really worth?

PC President Chain Store Corp 2912 · TW
Price216.00 TWD
Fair Value155.81 TWD
Upside−27.9%
Quality45/100

Below-average quality, and trading another 39% above our fair value of 155.81 TWD.

Watch President Chain Store Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +6.3 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 3.2% net margin
!Mixed vs. peers (6/15)
!Moderate moat 49/100
!Weak on future: 23 out of 100
Evidence: High Range 144.36 TWD – 194.77 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −2.5% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (194.77 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

303.00 TWD 206.50 TWD Fair Value 155.81 TWD Apr 2021 Sep 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 206.50 TWD – 303.00 TWD · fair‑value band 144.36 TWD – 194.77 TWD · the 216.00 TWD price screens above the 155.81 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

President Chain Store Corp (2912) currently trades at 216.00 TWD, while our model-based Fair Value estimate is 155.81 TWD, implying the stock looks roughly 38.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of 278.53 TWD per share, and 13 of the 26 models we run sit above the 216.00 TWD price. Bear case: the Asset-Based group reads lowest at 27.43 TWD, and 13 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, President Chain Store Corp generated revenue of 355B TWD at a net margin of 3.2%. Revenue grew 4.6% year over year. It earns a return on equity of 23.9%. Net debt stands at 180B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 144.36 TWD (bear case) to 194.77 TWD (bull case); at 216.00 TWD, 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 20% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at −28%, 2912 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 7.27 TWD per share, which is 4.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 200.41 TWD 291.78 TWD 434.46 TWD 80
Growth DCF 204.75 TWD 287.79 TWD 410.67 TWD 79
Owner Earnings 218.43 TWD 319.66 TWD 477.76 TWD 76
All 26 models by family
DCF Models
FCF DCF 200.41 TWD 291.78 TWD 434.46 TWD 80
Owner Earnings 218.43 TWD 319.66 TWD 477.76 TWD 76
5Y Revenue Exit 166.71 TWD 236.51 TWD 323.57 TWD 73
5Y EBITDA Exit 311.74 TWD 502.63 TWD 722.94 TWD 75
5Y P/E Exit 189.61 TWD 278.53 TWD 369.62 TWD 71
10Y Revenue Exit 173.33 TWD 240.12 TWD 325.84 TWD 67
10Y EBITDA Exit 270.97 TWD 427.22 TWD 632.25 TWD 68
10Y P/E Exit 191.95 TWD 269.66 TWD 361.17 TWD 64
Earnings-Based
Graham-Dodd 73.33 TWD 206.23 TWD 271.37 TWD 65
Lynch FV 41.74 TWD 59.63 TWD 77.52 TWD 61
PEG = 1.0 41.74 TWD 59.63 TWD 77.52 TWD 57
EPV 132.94 TWD 150.46 TWD 166.03 TWD 74
Dividend Discount
Gordon GGM 86.57 TWD 189.00 TWD 318.00 TWD 65
DDM Multi-Stage 86.57 TWD 139.76 TWD 196.97 TWD 66
Multiples
P/E Multiple 169.84 TWD 226.45 TWD 283.06 TWD 63
P/S Multiple 137.49 TWD 183.31 TWD 229.14 TWD 58
P/B Multiple 137.49 TWD 183.31 TWD 229.14 TWD 55
EV/EBIT 204.52 TWD 261.47 TWD 318.41 TWD 66
EV/EBITDA 412.54 TWD 538.82 TWD 665.11 TWD 67
EV/Revenue 155.61 TWD 207.87 TWD 260.13 TWD 54
Asset-Based
NCAV (Graham) 20.47 TWD 27.43 TWD 40.94 TWD 54
Growth DCF
Growth DCF 204.75 TWD 287.79 TWD 410.67 TWD 79
Rev-Margin DCF 166.71 TWD 237.79 TWD 317.69 TWD 73
Economic Profit
Residual Income 66.04 TWD 78.54 TWD 228.08 TWD 66
ROIC Compounder 134.68 TWD 154.54 TWD 173.61 TWD 72
Growth Earnings
Growth-Adj P/E 135.75 TWD 193.93 TWD 252.11 TWD 67

Widest divergence: DCF Models (278.53 TWD) versus Asset-Based (27.43 TWD). Highest evidence: FCF DCF (80).

Notify me when 2912 reaches fair value

Put 2912 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 20.1
P/S ratio 0.64 P/E × margin
EPS (TTM) 10.74 TWD price ÷ EPS = P/E 20.1
Dividend yield 3.9% payout 78.0%
Net margin 3.2% FY2025
Return on equity 23.9% TTM
More key figures
Profitability
Return on assets (EBIT) 5.6% avg 5y
Operating margin 4.3% TTM
Growth
Revenue (TTM) 355B TWD TTM
Revenue growth (YoY) +4.6% 3y avg +6.5%
EPS growth (YoY) +6.8%
Balance sheet & cash flow
Free cash flow 14.8B TWD FY2025
Net debt 180B TWD FY2025 · ≈ 12.1 yrs of FCF

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 46

Profitability 63
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 11
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

President Chain Store Corporation operates and manages convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores in Taiwan and internationally. It operates through Convenience Stores, Retail Business Group, Logistics Business Group, and Other Operating segments.

Full company description

President Chain Store Corporation operates and manages convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores in Taiwan and internationally. It operates through Convenience Stores, Retail Business Group, Logistics Business Group, and Other Operating segments. The company engages in the logistics and storage of publication and e-commerce; trade, enterprise information management and consultancy, and art and cultural exhibition activities; operation of chain restaurants; sports and entertainment business; retail of bread and pastry products; electronic ticketing and electronic payment activities; manufacture of food products; information software business; operation of gas stations; and installment and maintenance of elevators. It is also involved in sale of ice cream, health care products, cosmetics, pharmaceuticals, and daily items; investment and delivery services; logistics, warehousing, and retail businesses; leasing and selling of cleaning instruments; various software and internet- related services; wholesale of merchandises; and trucking services. In addition, the company provides insurance brokerage services; and acts as a collection agent. President Chain Store Corporation was incorporated in 1978 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

President Chain Store Corp reported revenue of 351B TWD in FY2025 versus 263B TWD in FY2021, a compound +7.5%/yr. Reported net income was 11.2B TWD in FY2025, compounding +6.1%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
351B TWD
Latest YoY
+3.8%
Avg. revenue 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.
+6.5%
Avg. revenue 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.
+6.3%
Avg. revenue growth/yr (25Y) 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.
+7.5%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+2.3% (−1.6 + 3.9)
Revenue +7.5%/yr
FY21 263B TWD
FY22 290B TWD
FY23 317B TWD
FY24 338B TWD
FY25 351B TWD
Net income +6.1%/yr
FY21 8.9B TWD
FY22 9.3B TWD
FY23 10.6B TWD
FY24 11.5B TWD
FY25 11.2B TWD
Character of growth · EPS growth decomposed (2014-2025) +1.6 % p.a.
Revenue per share +4.7 %

of which total revenue +5.4 % · buybacks/dilution −0.7 %

EBIT margin −1.8 %
Tax rate −0.7 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

2912 screens 39% overvalued. Compare with Loblaw Companies Limited →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "President Chain Store Corp Fair Value". https://www.fairvalue-calculator.com/stock/2912

Peer Group

Grocery Stores · 77 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 45 · Bottom 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 24% · Top 25%
Return on assets 3% · Below median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.36× · Higher than median

Valuation Multiples vs Grocery Stores median · lower = cheaper

P/E (TTM) 20.1× · Pricier than median
P/B 5.94× · Pricier than 75% of peers
P/S (TTM) 0.71× · Pricier than 75% of peers
P/FCF 0.5× · Cheaper than median
EV/EBITDA 9.1× · Pricier than median
PEG 5.75× · Pricier than 75% of peers

Strength profile in five axes (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
VALUE0 · sector 40
FUTURE23 · sector 17
PAST95 · sector 50
HEALTH82 · sector 92
DIVIDEND78 · sector 52

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
Loblaw Companies Limited L C$60.79 C$44.44 −27%
Koninklijke Ahold Delhaize N.V AD €30.57 €53.50 +75%
The Kroger Co KR $57.72 $28.19 −51%
Woolworths Group WOW A$40.32 A$8.33 −79%
George Weston Limited WN C$98.50 C$147.70 +50%
Metro Inc MRU C$88.26 C$94.01 +7%
Carrefour SA CA €15.63 €11.19 −28%
CP ALL Public Company TCPD 1.81 SGD 2.35 SGD +30%
BIM Birlesik Magazalar A.S., BIMAS 418.25 TRY 267.12 TRY −36%
Kesko Oyj KESKOA €21.25 €11.62 −45%

Compare President Chain Store Corp with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is President Chain Store Corp (2912) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 155.81 TWD versus a price of 216.00 TWD, about −28% upside (overvalued).
What is the fair value of 2912?
Our model-based fair value for President Chain Store Corp is 155.81 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 216.00 TWD.
What is the quality score of 2912?
President Chain Store Corp has a Quality Score of 45/100. 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 President Chain Store Corp (2912)?
President Chain Store Corp reported trailing-twelve-month revenue of about 355B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2912?
The net profit margin of President Chain Store Corp is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does President Chain Store Corp pay a dividend?
President Chain Store Corp currently shows a dividend yield of about 3.88% relative to its recent price (as of Aug 13, 2026).
Free · no account needed

Watch President Chain Store Corp in the live analysis

One click puts President Chain Store Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.