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Grand Ocean Retail Group Ltd (5907) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 931M TWD

GO Grand Ocean Retail Group Ltd 5907 · TW
Price4.98 TWD
Fair Value8.58 TWD
Upside+72.3%
Quality44/100
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Strengths

Trades 42% below our fair value of 8.58 TWD
Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −10.5 %/yr)
!Loss-making · -33.7% net margin
!Mixed vs. peers (5/11)
!Narrow moat 9/100
Weak Growth (revenue 5y −10.5 %/yr)
Loss-making · -33.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 9/100
Evidence: Medium Range 8.58 TWD – 27.11 TWD Share as image

Fair value as of: Aug 22, 2026

From 13 valuation models · updated 3 days ago

Share price +2.3% over the past month.

Below-average quality, trading 42% below our fair value.

What runs behind every stock

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

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What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (8.58 TWD). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (8.58 TWD to 27.11 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

24.27 TWD 4.60 TWD Fair Value 8.58 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 4.60 TWD – 24.27 TWD · fair‑value band 8.58 TWD – 27.11 TWD · the 4.98 TWD price screens below the 8.58 TWD fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Grand Ocean Retail Group Ltd (5907) currently trades at 4.98 TWD, while our model-based Fair Value estimate is 8.58 TWD, implying the stock looks roughly 72.3% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Grand Ocean Retail Group Ltd generated revenue of 2.7B TWD at a net margin of -33.7%. Revenue declined 8.9% year over year. It earns a return on equity of -21.4%. Net debt stands at 12.6B TWD. Fundamentals as of Aug 22, 2026

Our scenario range runs from 8.58 TWD (bear case) to 27.11 TWD (bull case); at 4.98 TWD, the current price sits below 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 28% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 3% fair-value upside, at 72%, 5907 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF 15.02 TWD 18.86 TWD 24.80 TWD 80
Rev-Margin DCF 13.32 TWD 18.59 TWD 25.11 TWD 74
Gordon GGM 7.92 TWD 8.53 TWD 9.45 TWD 70
All 13 models by family
DCF Models
FCF DCF 14.59 TWD 18.64 TWD 25.42 TWD 38
Owner Earnings 19.43 TWD 24.95 TWD 34.20 TWD 31
5Y Revenue Exit 13.32 TWD 18.24 TWD 25.38 TWD 39
5Y EBITDA Exit 33.86 TWD 53.75 TWD 80.09 TWD 41
10Y Revenue Exit 13.54 TWD 17.00 TWD 20.64 TWD 36
10Y EBITDA Exit 25.20 TWD 37.05 TWD 49.95 TWD 37
Dividend Discount
Gordon GGM 7.92 TWD 8.53 TWD 9.45 TWD 70
DDM Multi-Stage 7.92 TWD 9.43 TWD 11.37 TWD 61
Multiples
EV/EBITDA 56.88 TWD 75.41 TWD 93.95 TWD 54
EV/Revenue 13.32 TWD 18.48 TWD 23.64 TWD 43
Asset-Based
NCAV (Graham) 9.95 TWD 13.34 TWD 19.91 TWD 50
Growth DCF
Growth DCF 15.02 TWD 18.86 TWD 24.80 TWD 80
Rev-Margin DCF 13.32 TWD 18.59 TWD 25.11 TWD 74

Widest divergence: DCF Models (18.64 TWD) versus Dividend Discount (8.53 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.35 TTM
Net margin -33.7% TTM
Return on equity -21.4% TTM
Return on assets -0.6% TTM
Operating margin -0.8% TTM
EPS (TTM) -4.55 TWD
More key figures
Growth
Revenue (TTM) 2.7B TWD TTM
Revenue growth (YoY) -8.9% 3y avg -12.8%
EPS growth (YoY) -39.7%
Balance sheet & cash flow
Free cash flow 315M TWD FY2025
Net debt 12.6B TWD FY2025 · ≈ 39.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 42

Profitability 5
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 82
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

Grand Ocean Retail Group Ltd., together with its subsidiaries, engages in the department store retail business in China. The company also offers business management consulting services; and trades in cosmetics and furnishings. Grand Ocean Retail Group Ltd. was incorporated in 2002 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grand Ocean Retail Group Ltd reported revenue of 2.8B TWD in FY2025 versus 5.2B TWD in FY2021, a compound −14.5%/yr. Reported net income was −890M TWD in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.8B TWD
Latest YoY
−15.0%
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.
−12.8%
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.
−10.5%
Avg. revenue growth/yr (17Y) 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.
−8.5%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −14.5%/yr
FY21 5.2B TWD
FY22 4.2B TWD
FY23 3.8B TWD
FY24 3.2B TWD
FY25 2.8B TWD
Net income
FY21 −232M TWD
FY22 −833M TWD
FY23 −2.1B TWD
FY24 −512M TWD
FY25 −890M TWD

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Cite: Fair Value Calculator (2026). "Grand Ocean Retail Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5907

Peer Group

Department Stores · 126 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 44 · Bottom 25%
Fair Value upside +72% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -34% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 20.2% · Top 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than median

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
VALUE100 · sector 26
FUTURE0 · sector 1
PAST0 · sector 14
HEALTH100 · sector 96
DIVIDEND100 · sector 37

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 6,380 CLP 8,005 CLP +25%
Dillard's, Inc DDS $636.02 $718.64 +13%
99 Speed Mart Retail Holdings 5326 3.65 MYR 1.59 MYR -56%
Cencosud S.A CENCOSUD 1,949 CLP 2,425 CLP +24%
Macy's, Inc M $23.79 $42.68 +79%
Vishal Mega Mart Limited VMM ₹107.00 ₹30.46 -72%
Central Retail Corporation CRC 27.50 THB 20.89 THB -24%
SHINSEGAE Inc 004170 399,000 KRW 177,841 KRW -55%
Lotte Shopping Co 023530 96,700 KRW 76,636 KRW -21%
PT Daya Intiguna Yasa Tbk MDIY 940.00 IDR 968.76 IDR +3%

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Frequently asked questions

Is Grand Ocean Retail Group Ltd (5907) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 8.58 TWD versus a price of 4.98 TWD, about +72% (undervalued).
What is the fair value of 5907?
Our model-based fair value for Grand Ocean Retail Group Ltd is 8.58 TWD (as of Aug 22, 2026), built from audited fundamentals. The current price: 4.98 TWD.
What is the quality score of 5907?
Grand Ocean Retail Group Ltd has a Quality Score of 44/100. 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 Grand Ocean Retail Group Ltd (5907)?
Grand Ocean Retail Group Ltd reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 5907?
The net profit margin of Grand Ocean Retail Group Ltd is about -33.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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