Simple Mart Retail Co Ltd (2945) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Simple Mart Retail Co Ltd stock TWD 42.42, price TWD 38.00, upside +11.6%, quality 54 out of 100. Rating: undervalued. Calculated from audited financials with 23 of our 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 30.56 TWD – 86.22 TWD · fair‑value band 31.82 TWD – 53.03 TWD · the 38.00 TWD price screens below the 42.42 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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Simple Mart Retail Co., Ltd., together with its subsidiaries, operates supermarkets in Taiwan. It operates in two segments, Segment A and Other Segments.
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The company engages in the retail sales of daily commodities, home shopping, health supplements, over the counter medicines, cosmetic, and organic products, as well as pet food and supplies. It is also involved in investment activities.
The company was founded in 2006 and is based in Taipei City, Taiwan. Simple Mart Retail Co., Ltd. is a subsidiary of Mercuries & Associates Holding, Ltd.
Stock analysis
Simple Mart Retail Co Ltd (2945) currently trades at 38.00 TWD, while our model-based Fair Value estimate is 42.42 TWD, implying the stock looks roughly 10% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 55.95 TWD per share, and 13 of the 22 models we run sit above the 38.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 13.72 TWD, and 9 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: 31.82 TWD (bear) to 53.03 TWD (bull), the price of 38.00 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 54/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Simple Mart Retail Co Ltd reported revenue of 14.8B TWD in FY2025 versus 14.6B TWD in FY2021, a compound +0.4%/yr. Reported net income was 136M TWD in FY2025, compounding −8.5%/yr from FY2021.
Key figures
Market cap 2.6B TWD (≈ $78.2M) Micro · P/E ratio 20.7 · P/S ratio 0.16 · EPS (TTM) 1.84 TWD · Dividend yield 3.8% · Net margin 0.8% · Return on equity 5.7% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 11% 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 −19% fair-value upside, at 12%, 2945 screens cheaper than that median.
Fair Value models
Bear31.82 TWDFair Value 42.42 TWDBull53.03 TWD
Price 38.00 TWD · Upside +11.6%
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 (1.58 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.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.5%
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.
+1.4%
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.
+2.3%
Start year 2020 (pandemic)
Revenue growth 7 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.
+3.1%
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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.
−3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.8%
Dividend (yield on the price)3.8%
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.2% → 1%
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).
−6.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −7.5% a year for the price.
Compare Simple Mart Retail 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.Grocery Stores · 74 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+11.6% · Above median
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets2.2% · Below median
Net margin (12 months)0.8% · Bottom 25%
Operating margin (12 months)0.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)39.5% · Top 25%
Dividend yield (12 months)3.8% · Above median
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (12 months)20.7× · Pricier than median
P/B1.29× · Cheapest 25%
P/S (12 months)0.16× · Cheapest 25%
Price / free cash flow (fiscal year)7.7× · Cheaper than median
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Cite: Fair Value Calculator (2026). "Simple Mart Retail Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2945
Frequently asked questions
Is Simple Mart Retail Co Ltd (2945) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 42.42 TWD versus a price of 38.00 TWD, about +12% upside (undervalued).
What is the fair value of 2945?
Our model-based fair value for Simple Mart Retail Co Ltd is 42.42 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 38.00 TWD.
What is the quality score of 2945?
Simple Mart Retail Co Ltd has a Quality Score of 54/100. 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 Simple Mart Retail Co Ltd (2945)?
Our model-based price target is the fair value of 42.42 TWD (as of Nov 4, 2026) from 23 valuation models. Cautious scenario 31.82 TWD, optimistic scenario 53.03 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Simple Mart Retail Co Ltd stock forecast for 2026?
Our models put fair value at 42.42 TWD, about +12% upside versus a price of 38.00 TWD (undervalued). Cautious scenario 31.82 TWD, optimistic scenario 53.03 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Simple Mart Retail Co Ltd (2945)?
Simple Mart Retail Co Ltd reported trailing-twelve-month revenue of about 16.6B TWD (latest available figure, as of Nov 4, 2026).
Does Simple Mart Retail Co Ltd pay a dividend?
Simple Mart Retail Co Ltd currently shows a dividend yield of 3.80% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Simple Mart Retail Co Ltd (2945)?
Simple Mart Retail Co Ltd has a dividend yield of 3.8%.
What growth is priced into Simple Mart Retail Co Ltd (2945)?
For today's price to be fair in a discounted-cash-flow model, Simple Mart Retail Co Ltd would have to grow free cash flow by -6.1 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 2945 use?
Our models discount Simple Mart Retail Co Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.62, 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 Simple Mart Retail Co Ltd that is -6.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Simple Mart Retail Co Ltd (2945) delivered so far?
Over the past 5 years revenue at Simple Mart Retail Co Ltd grew +2.3 % a year. The price currently implies free-cash-flow growth of -6.1 % 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 Simple Mart Retail Co Ltd (2945) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Simple Mart Retail Co Ltd (-6.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Simple Mart Retail Co Ltd (2945)?
The free-cash-flow yield on the price is 13.08 %: that much free cash flow Simple Mart Retail Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Simple Mart Retail Co Ltd (2945)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Simple Mart Retail Co Ltd it is 42.42 TWD per share (as of Nov 4, 2026), against a price of 38.00 TWD. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Simple Mart Retail Co Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 2945 trades below its calculated fair value: price 38.00 TWD, fair value 42.42 TWD, a gap of about +12% (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 2945?
No. The price is what the market pays today (38.00 TWD); the fair value is what the company's own numbers justify (42.42 TWD). For Simple Mart Retail Co Ltd the two are 4.42 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Simple Mart Retail Co Ltd worth?
The market values Simple Mart Retail Co Ltd at about 2.6B TWD (market capitalisation, as of Nov 4, 2026). Per share that is 38.00 TWD; our models calculate a fair value of 42.42 TWD per share.
What do the bullish and bearish scenarios say about 2945?
Our models span a range for Simple Mart Retail Co Ltd: cautious scenario 31.82 TWD, base 42.42 TWD, optimistic 53.03 TWD per share (as of Nov 4, 2026, price 38.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2945?
Simple Mart Retail Co Ltd trades at a price-to-earnings ratio of 20.7 (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 42.42 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 29.6. Other multiples: P/B 1.3, P/S 0.2, EV/EBITDA 5.6.
How solid is the balance sheet of Simple Mart Retail Co Ltd (2945)?
Balance-sheet figures for Simple Mart Retail Co Ltd (as of Nov 4, 2026): return on equity 5.7%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 2945 from its 52-week high?
Simple Mart Retail Co Ltd trades at 38.00 TWD, about 11% below its 52-week high of 42.73 TWD and 6% above the low of 35.98 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 42.42 TWD is for.
Which stocks are comparable to Simple Mart Retail Co Ltd?
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 Simple Mart Retail Co Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 38.00 TWD, calculated fair value 42.42 TWD (+12%), Quality Score 54/100, from 23 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 2945 calculated?
We run Simple Mart Retail Co Ltd through 23 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 42.42 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 13.3% above its aggregate fair value. Simple Mart Retail Co Ltd currently trades 10% 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 Simple Mart Retail Co Ltd (2945)?
The closing price on Nov 9, 2026 was 38.00 TWD. Our model-based fair value is 42.42 TWD, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Simple Mart Retail Co Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Simple Mart Retail Co Ltd
How large is the market capitalisation of Simple Mart Retail Co Ltd (2945)?
The market capitalisation of Simple Mart Retail Co Ltd is 2.6B TWD (≈ $78.2M). 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 Simple Mart Retail Co Ltd (2945)?
The price-to-sales ratio of Simple Mart Retail Co Ltd is 0.16 (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 Simple Mart Retail Co Ltd (2945)?
Earnings per share at Simple Mart Retail Co Ltd are 1.84 TWD (price ÷ EPS = P/E 20.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Simple Mart Retail Co Ltd (2945)?
The dividend yield of Simple Mart Retail Co Ltd is 3.8% (payout 78.5%). 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 Simple Mart Retail Co Ltd (2945)?
The net margin of Simple Mart Retail Co Ltd is 0.8% (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 Simple Mart Retail Co Ltd (2945)?
The return on equity (ROE) of Simple Mart Retail Co Ltd is 5.7% (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 Simple Mart Retail Co Ltd (2945)?
On an EBIT basis the return on assets of Simple Mart Retail Co Ltd is 2.8% (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 Simple Mart Retail Co Ltd (2945)?
The operating margin of Simple Mart Retail Co Ltd is 0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Simple Mart Retail Co Ltd (2945)?
Revenue at Simple Mart Retail Co Ltd is growing +39.5% versus a year earlier (3y avg +1.4%). 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 Simple Mart Retail Co Ltd (2945)?
Earnings per share at Simple Mart Retail Co Ltd are growing −93.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Simple Mart Retail Co Ltd (2945) carry?
The net debt of Simple Mart Retail Co Ltd is 3.2B TWD (fiscal year 2025, ≈ 9.6 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