Jing-Jan Retail Business Co., Ltd. (2942) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Jing-Jan Retail Business Co., Ltd. TWD 72.71, price TWD 36.70, upside +98.1%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Jing-Jan Retail Business Co., Ltd. owns and operates a shopping mall. It engages in operation of department stores and related ancillary businesses. The company was incorporated in 1996 and is based in Taipei, Taiwan. Jing-Jan Retail Business Co., Ltd. operates as a subsidiary of Radium Life Tech. Co., Ltd.
Stock analysis
Jing-Jan Retail Business Co., Ltd. (2942) currently trades at 36.70 TWD, while our model-based Fair Value estimate is 72.71 TWD, implying the stock looks roughly 49.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 97.50 TWD per share, and 18 of the 24 models we run sit above the 36.70 TWD price.
Bear case: the Dividend Discount group reads lowest at 11.76 TWD, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 54.53 TWD (bear) to 90.89 TWD (bull), the price of 36.70 TWD sits below 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 65/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Jing-Jan Retail Business Co., Ltd. reported revenue of 1.3B TWD in FY2025 versus 1.1B TWD in FY2021, a compound +4.6%/yr. Reported net income was 198M TWD in FY2025, compounding +37.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.4B TWD (≈ $74.8M) · P/E ratio 11.2 · P/S ratio 1.67 · EPS (TTM) 3.29 TWD · Dividend yield 8.1% · Net margin 15.0% · Return on equity 15.5% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 98%, 2942 screens cheaper than that median.
Fair Value models
Bear 54.53 TWDFair Value 72.71 TWDBull 90.89 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2350 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.Evidence ⓘEvidence = 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−1.2%
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.
+2.5%
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.
−0.6%
Start year 2020 (pandemic). Over 10 years: −0.1% a year
Revenue growth 11 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.
+0.3%
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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.
+7.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)8.1%
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.0% vs 1%, 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.20% → 22%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−18.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −19.5% a year for the price.
Compare Jing-Jan Retail Business Co., Ltd. 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.Department Stores · 120 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+98% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets4% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)21% · Top 25%
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)8.1% · Top 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
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). "Jing-Jan Retail Business Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/2942
Frequently asked questions
Is Jing-Jan Retail Business Co., Ltd. (2942) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 72.71 TWD versus a price of 36.70 TWD, about +98% upside (undervalued).
What is the fair value of 2942?
Our model-based fair value for Jing-Jan Retail Business Co., Ltd. is 72.71 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 36.70 TWD.
What is the quality score of 2942?
Jing-Jan Retail Business Co., Ltd. has a Quality Score of 65/100. 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 Jing-Jan Retail Business Co., Ltd. (2942)?
Our model-based price target is the fair value of 72.71 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 54.53 TWD, optimistic scenario 90.89 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Jing-Jan Retail Business Co., Ltd. stock forecast for 2026?
Our models put fair value at 72.71 TWD, about +98% upside versus a price of 36.70 TWD (undervalued). Cautious scenario 54.53 TWD, optimistic scenario 90.89 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Jing-Jan Retail Business Co., Ltd. (2942)?
Jing-Jan Retail Business Co., Ltd. reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Sep 24, 2026).
Does Jing-Jan Retail Business Co., Ltd. pay a dividend?
Jing-Jan Retail Business Co., Ltd. currently shows a dividend yield of about 8.09% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Jing-Jan Retail Business Co., Ltd. (2942)?
For today's price to be fair in a discounted-cash-flow model, Jing-Jan Retail Business Co., Ltd. would have to grow free cash flow by -18.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2942 use?
Our models discount Jing-Jan Retail Business Co., Ltd. at 11.8 %: a base by market capitalisation (micro), damped by beta 0.27, 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 Jing-Jan Retail Business Co., Ltd. that is -18.2 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Jing-Jan Retail Business Co., Ltd. (2942) delivered so far?
Over the past 5 years revenue at Jing-Jan Retail Business Co., Ltd. grew -0.6 % a year. The price currently implies -18.2 % per year free-cash-flow growth a 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 Jing-Jan Retail Business Co., Ltd. (2942) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into Jing-Jan Retail Business Co., Ltd. (-18.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jing-Jan Retail Business Co., Ltd. (2942)?
The free-cash-flow yield on the price is 28.46 %: that much free cash flow Jing-Jan Retail Business Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jing-Jan Retail Business Co., Ltd. (2942)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jing-Jan Retail Business Co., Ltd. it is 72.71 TWD per share (as of Sep 24, 2026), against a price of 36.70 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Jing-Jan Retail Business Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2942 trades below its calculated fair value: price 36.70 TWD, fair value 72.71 TWD, a gap of about +98% (undervalued). 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 2942?
No. The price is what the market pays today (36.70 TWD); the fair value is what the company's own numbers justify (72.71 TWD). For Jing-Jan Retail Business Co., Ltd. the two are 36.01 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Jing-Jan Retail Business Co., Ltd. worth?
The market values Jing-Jan Retail Business Co., Ltd. at about 2.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 36.70 TWD; our models calculate a fair value of 72.71 TWD per share.
What do the bullish and bearish scenarios say about 2942?
Our models span a range for Jing-Jan Retail Business Co., Ltd.: cautious scenario 54.53 TWD, base 72.71 TWD, optimistic 90.89 TWD per share (as of Sep 24, 2026, price 36.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2942?
Jing-Jan Retail Business Co., Ltd. trades at a price-to-earnings ratio of 11.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 72.71 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 1.8, EV/EBITDA 4.5.
How solid is the balance sheet of Jing-Jan Retail Business Co., Ltd. (2942)?
Balance-sheet figures for Jing-Jan Retail Business Co., Ltd. (as of Sep 24, 2026): return on equity 15.5%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 2942 from its 52-week high?
Jing-Jan Retail Business Co., Ltd. trades at 36.70 TWD, about 7% below its 52-week high of 39.65 TWD and 34% above the low of 27.49 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 72.71 TWD is for.
Which stocks are comparable to Jing-Jan Retail Business Co., Ltd.?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Cencosud S.A, 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 Jing-Jan Retail Business Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 36.70 TWD, calculated fair value 72.71 TWD (+98%), Quality Score 65/100, from 24 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 2942 calculated?
We run Jing-Jan Retail Business Co., Ltd. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 72.71 TWD, 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 14.1 % above its aggregate fair value. Jing-Jan Retail Business Co., Ltd. currently trades 98 % below its own fair value, and the market average says nothing about that. 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 Jing-Jan Retail Business Co., Ltd. (2942)?
The closing price on Sep 23, 2026 was 36.70 TWD. Our model-based fair value is 72.71 TWD, about +98% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jing-Jan Retail Business Co., Ltd. right now?
The price is below even our cautious bear case (54.53 TWD). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Jing-Jan Retail Business Co., Ltd. (2942) come from?
Earnings per share at Jing-Jan Retail Business Co., Ltd. grew −0.1 % a year from 2014 to 2024. Broken into its drivers: revenue per share +0.1 %, EBIT margin +7.2 %, tax rate −0.7 %, residual (interest, one-offs) −6.2 %. 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 Jing-Jan Retail Business Co., Ltd.
How large is the market capitalisation of Jing-Jan Retail Business Co., Ltd. (2942)?
The market capitalisation of Jing-Jan Retail Business Co., Ltd. is 2.4B TWD (≈ $74.8M). 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 Jing-Jan Retail Business Co., Ltd. (2942)?
The price-to-sales ratio of Jing-Jan Retail Business Co., Ltd. is 1.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jing-Jan Retail Business Co., Ltd. (2942)?
Earnings per share at Jing-Jan Retail Business Co., Ltd. are 3.29 TWD (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jing-Jan Retail Business Co., Ltd. (2942)?
The dividend yield of Jing-Jan Retail Business Co., Ltd. is 8.1% (payout 90.3%). 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 Jing-Jan Retail Business Co., Ltd. (2942)?
The net margin of Jing-Jan Retail Business Co., Ltd. is 15.0% (fiscal year 2025). 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 Jing-Jan Retail Business Co., Ltd. (2942)?
The return on equity (ROE) of Jing-Jan Retail Business Co., Ltd. is 15.5% (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 Jing-Jan Retail Business Co., Ltd. (2942)?
On an EBIT basis the return on assets of Jing-Jan Retail Business Co., Ltd. is 4.3% (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 Jing-Jan Retail Business Co., Ltd. (2942)?
The operating margin of Jing-Jan Retail Business Co., Ltd. is 21.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jing-Jan Retail Business Co., Ltd. (2942)?
Revenue at Jing-Jan Retail Business Co., Ltd. is growing −1.6% versus a year earlier (3y avg +2.5%). 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 Jing-Jan Retail Business Co., Ltd. (2942)?
Earnings per share at Jing-Jan Retail Business Co., Ltd. are growing +1.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jing-Jan Retail Business Co., Ltd. (2942) carry?
The net debt of Jing-Jan Retail Business Co., Ltd. is 128M TWD (fiscal year 2025, ≈ 0.2 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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