President Chain Store Corp (2912) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of President Chain Store Corp stock TWD 183, price TWD 211, that is 12.9% below the price, quality 53 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 206.50 TWD – 303.00 TWD · fair‑value band 169.84 TWD – 229.14 TWD · the 210.50 TWD price screens above the 183.31 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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President Chain Store Corporation operates and manages convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores in Taiwan and internationally.
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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.
Stock analysis
President Chain Store Corp (2912) currently trades at 210.50 TWD, while our model-based Fair Value estimate is 183.31 TWD, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 253.92 TWD per share, and 12 of the 26 models we run sit above the 210.50 TWD price.
Bear case: the Asset-Based group reads lowest at 21.47 TWD, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 169.84 TWD (bear) to 229.14 TWD (bull), the price of 210.50 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 258B TWD (≈ $7.9B) Mid · P/E ratio 19.2 · P/S ratio 0.71 · EPS (TTM) 10.97 TWD · Dividend yield 4.3% · Net margin 3.2% · Return on equity 26.3% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at −13%, 2912 screens cheaper than that median.
Fair Value models
Bear169.84 TWDFair Value 183.31 TWDBull229.14 TWD
Price 210.50 TWD · Downside -12.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.68 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Start year 2020 (pandemic). Over 10 years: +5.5% a year
Revenue growth 16 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+2.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.6%
Dividend (yield on the price)4.3%
Per share before 2009divided by the spin-off factor 1.136
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.6% vs 0.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +5.6% a year for the price and +3.4% for the forecasts.
Compare President Chain Store Corp with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Grocery Stores · 74 stocks
Beats the industry median on 5/15 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Bottom 25%
Fair Value upside−12.9% · Below median
Profitability
Return on equity (12 months)26.3% · Top 25%
Return on assets3.8% · Below median
Net margin (12 months)3.2% · Above median
Operating margin (12 months)3.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.0% · Top 25%
Dividend yield (12 months)4.3% · Above median
Balance sheet
Debt / equity0.36× · Above median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (12 months)19.2× · Pricier than median
P/B6.06× · Priciest 25%
P/S (12 months)0.71× · Pricier than median
Price / free cash flow (fiscal year)17.4× · Pricier than median
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Cite: Fair Value Calculator (2026). "President Chain Store Corp Fair Value". https://www.fairvalue-calculator.com/stock/2912
Frequently asked questions
Is President Chain Store Corp (2912) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 183.31 TWD versus a price of 210.50 TWD, about 13% lower (overvalued).
What is the fair value of 2912?
Our model-based fair value for President Chain Store Corp is 183.31 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 210.50 TWD.
What is the quality score of 2912?
President Chain Store Corp has a Quality Score of 53/100. 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 price target for President Chain Store Corp (2912)?
Our model-based price target is the fair value of 183.31 TWD (as of Nov 4, 2026) from 26 valuation models. Cautious scenario 169.84 TWD, optimistic scenario 229.14 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the President Chain Store Corp stock forecast for 2026?
Our models put fair value at 183.31 TWD, about 13% lower versus a price of 210.50 TWD (overvalued). Cautious scenario 169.84 TWD, optimistic scenario 229.14 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of President Chain Store Corp (2912)?
President Chain Store Corp reported trailing-twelve-month revenue of about 366B TWD (latest available figure, as of Nov 4, 2026).
Does President Chain Store Corp pay a dividend?
President Chain Store Corp currently shows a dividend yield of 4.28% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of President Chain Store Corp (2912) and when is the ex-dividend date?
President Chain Store Corp pays a dividend of 9.00 TWD per share a year, a dividend yield of 4.3%. The last ex-dividend date was Jul 30, 2026. The payout ratio is 82.0% of earnings. Free cash flow covers the dividend 1.59 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into President Chain Store Corp (2912)?
For today's price to be fair in a discounted-cash-flow model, President Chain Store Corp would have to grow free cash flow by +7.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 2912 use?
Our models discount President Chain Store Corp at 10.3 %: a base by market capitalisation (mid), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For President Chain Store Corp that is +7.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has President Chain Store Corp (2912) delivered so far?
Over the past 5 years revenue at President Chain Store Corp grew +6.3 % a year. The price currently implies free-cash-flow growth of +7.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of President Chain Store Corp (2912) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into President Chain Store Corp (+7.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of President Chain Store Corp (2912)?
The free-cash-flow yield on the price is 5.75 %: that much free cash flow President Chain Store Corp produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of President Chain Store Corp (2912)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For President Chain Store Corp it is 183.31 TWD per share (as of Nov 4, 2026), against a price of 210.50 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is President Chain Store Corp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 2912 trades above its calculated fair value: price 210.50 TWD, fair value 183.31 TWD, a gap of about −13% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2912?
No. The price is what the market pays today (210.50 TWD); the fair value is what the company's own numbers justify (183.31 TWD). For President Chain Store Corp the two are 27.19 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is President Chain Store Corp worth?
The market values President Chain Store Corp at about 258B TWD (market capitalisation, as of Nov 4, 2026). Per share that is 210.50 TWD; our models calculate a fair value of 183.31 TWD per share.
What do the bullish and bearish scenarios say about 2912?
Our models span a range for President Chain Store Corp: cautious scenario 169.84 TWD, base 183.31 TWD, optimistic 229.14 TWD per share (as of Nov 4, 2026, price 210.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2912?
President Chain Store Corp trades at a price-to-earnings ratio of 19.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 183.31 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 26.8. Other multiples: PEG 5.8, P/B 6.1, P/S 0.7, EV/EBITDA 9.2.
What is the PEG ratio of 2912?
The PEG ratio of President Chain Store Corp is 5.75 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of President Chain Store Corp (2912)?
Balance-sheet figures for President Chain Store Corp (as of Nov 4, 2026): return on equity 26.3%, debt of 0.36 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 2912 from its 52-week high?
President Chain Store Corp trades at 210.50 TWD, about 14% below its 52-week high of 246.00 TWD and 2% above the low of 206.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 183.31 TWD is for.
Which stocks are comparable to President Chain Store Corp?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is President Chain Store Corp stock attractive at the current price?
The data as of Nov 4, 2026: price 210.50 TWD, calculated fair value 183.31 TWD (−13%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2912 calculated?
We run President Chain Store Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 183.31 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. President Chain Store Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of President Chain Store Corp (2912)?
The closing price on Nov 6, 2026 was 210.50 TWD. Our model-based fair value is 183.31 TWD, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with President Chain Store Corp right now?
Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of President Chain Store Corp (2912) come from?
Earnings per share at President Chain Store Corp grew +1.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin −1.8 %, tax rate −0.7 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of President Chain Store Corp
How large is the market capitalisation of President Chain Store Corp (2912)?
The market capitalisation of President Chain Store Corp is 258B TWD (≈ $7.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of President Chain Store Corp (2912)?
The price-to-sales ratio of President Chain Store Corp is 0.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of President Chain Store Corp (2912)?
Earnings per share at President Chain Store Corp are 10.97 TWD (price ÷ EPS = P/E 19.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of President Chain Store Corp (2912)?
The dividend yield of President Chain Store Corp is 4.3% (payout 82.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of President Chain Store Corp (2912)?
The net margin of President Chain Store Corp is 3.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of President Chain Store Corp (2912)?
The return on equity (ROE) of President Chain Store Corp is 26.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of President Chain Store Corp (2912)?
On an EBIT basis the return on assets of President Chain Store Corp is 5.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of President Chain Store Corp (2912)?
The operating margin of President Chain Store Corp is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at President Chain Store Corp (2912)?
Revenue at President Chain Store Corp is growing +7.0% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at President Chain Store Corp (2912)?
Earnings per share at President Chain Store Corp are growing +2.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does President Chain Store Corp (2912) carry?
The net debt of President Chain Store Corp is 180B TWD (fiscal year 2025, ≈ 12.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026