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Parkson Retail Asia Limited (O9E) Fair Value & Analysis

Consumer Cyclical · SG · Market cap 81.5M SGD

PR Parkson Retail Asia Limited O9E · SG
Price0.1170 SGD
Fair Value0.3510 SGD
Upside+200.0%
Quality66/100
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Weak Growth
Solidly profitable · 10.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 73/100
Evidence: High Range 0.2633 SGD – 0.4388 SGD Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated today

Fair value updated Aug 9, 2026, revised from 0.6800 SGD to 0.3510 SGD (−48.4%) since Jul 4, 2026.

A solid business, screening 200% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (0.2633 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.1667 SGD 0.0048 SGD Fair Value 0.3510 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range 0.0048 SGD – 0.1667 SGD · fair‑value band 0.2633 SGD – 0.4388 SGD · the 0.1170 SGD price screens below the 0.3510 SGD fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Parkson Retail Asia Limited (O9E) currently trades at 0.1170 SGD, while our model-based Fair Value estimate is 0.3510 SGD, implying the stock looks roughly 200.0% undervalued today. The Quality Score stands at 66/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Parkson Retail Asia Limited generated revenue of 211M SGD at a net margin of 10.1%. Revenue grew 3.5% year over year. It earns a return on equity of 42.5%. Net debt stands at 7.3M SGD. Fundamentals as of Aug 9, 2026

Our scenario range runs from 0.2633 SGD (bear case) to 0.4388 SGD (bull case); at 0.1170 SGD, 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 32% below its 52-week high and 51% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 23% fair-value upside, at 200%, O9E 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 BearBaseBull Evidence
Highest evidence
Growth DCF 0.9200 SGD 1.09 SGD 1.36 SGD 80
Residual Income 0.1400 SGD 0.1700 SGD 0.6400 SGD 76
Rev-Margin DCF 0.7800 SGD 1.02 SGD 1.31 SGD 74
All 24 models by family
DCF Models
FCF DCF 0.9000 SGD 1.09 SGD 1.39 SGD 38
Owner Earnings 0.8300 SGD 1.00 SGD 1.27 SGD 31
5Y Revenue Exit 0.7800 SGD 0.9900 SGD 1.30 SGD 39
5Y EBITDA Exit 1.15 SGD 1.63 SGD 2.26 SGD 41
5Y P/E Exit 0.7300 SGD 0.9100 SGD 1.12 SGD 38
10Y Revenue Exit 0.8200 SGD 0.9700 SGD 1.12 SGD 36
10Y EBITDA Exit 1.03 SGD 1.30 SGD 1.60 SGD 37
10Y P/E Exit 0.8100 SGD 0.9200 SGD 1.03 SGD 35
Earnings-Based
Graham-Dodd 0.2100 SGD 0.2600 SGD 0.2900 SGD 54
EPV 0.5600 SGD 0.6100 SGD 0.6500 SGD 59
Dividend Discount
Gordon GGM 0.2800 SGD 0.3000 SGD 0.3300 SGD 70
DDM Multi-Stage 0.2800 SGD 0.3200 SGD 0.3800 SGD 61
Multiples
P/E Multiple 0.4600 SGD 0.6200 SGD 0.7700 SGD 63
P/S Multiple 0.4000 SGD 0.5300 SGD 0.6600 SGD 58
P/B Multiple 0.1100 SGD 0.1500 SGD 0.1900 SGD 55
EV/EBIT 1.21 SGD 1.55 SGD 1.89 SGD 53
EV/EBITDA 1.57 SGD 2.04 SGD 2.50 SGD 54
EV/Revenue 0.7200 SGD 0.9500 SGD 1.18 SGD 43
Asset-Based
NCAV (Graham) 0.0200 SGD 0.0300 SGD 0.0500 SGD 50
Growth DCF
Growth DCF 0.9200 SGD 1.09 SGD 1.36 SGD 80
Rev-Margin DCF 0.7800 SGD 1.02 SGD 1.31 SGD 74
Economic Profit
Residual Income 0.1400 SGD 0.1700 SGD 0.6400 SGD 76
ROIC Compounder 0.5600 SGD 0.6100 SGD 0.6500 SGD 72
Growth Earnings
Growth-Adj P/E 0.3300 SGD 0.4700 SGD 0.6100 SGD 68

Widest divergence: Growth DCF (1.02 SGD) versus Asset-Based (0.0300 SGD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 211M SGD
Revenue growth (YoY) +3.5%
Net margin 10.1%
Return on equity 42.5%
Free cash flow 67.3M SGD FY2026
P/E ratio 4.0
More key figures
Operating margin 30.9%
EPS (TTM) 0.0300 SGD
EPS growth (YoY) +2.3%
Net debt 7.3M SGD FY2020

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 73 · Market factors (momentum, volatility) 42

Profitability 66
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 23
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.

About the company

Parkson Retail Asia Limited, an investment holding company, operates and manages retail department stores primarily in Malaysia. The company operates in two segments, Retail Stores, and Food and Beverage. It provides consultancy and management services; retail space on rental basis; and operates food and beverages outlets.

Full company description

Parkson Retail Asia Limited, an investment holding company, operates and manages retail department stores primarily in Malaysia. The company operates in two segments, Retail Stores, and Food and Beverage. It provides consultancy and management services; retail space on rental basis; and operates food and beverages outlets. The company is also involved in trading of apparel and consumer products; and development and operation of bakery stores under the Hogan brand name. In addition, it provides fashion products under private label brands, as well as agency apparel lines of international brands. The company was founded in 1987 and is based in Singapore. Parkson Retail Asia Limited is a subsidiary of East Crest International Limited.

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

Revenue & earnings trend

FY2021 – FY2026 · reported fiscal years

Parkson Retail Asia Limited reported revenue of 208M SGD in FY2026 versus 198M SGD in FY2021, a compound +1.0%/yr. Reported net income was 20.9M SGD in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
208M SGD
Latest YoY
−3.0%
Avg. growth/yr (3Y)
−3.7%
Avg. growth/yr (5Y)
+1.0%
Avg. growth/yr (12Y)
−6.0%
Revenue +1.0%/yr
FY21 198M SGD
FY23 233M SGD
FY24 222M SGD
FY25 215M SGD
FY26 208M SGD
Net income
FY21 −79.8M SGD
FY23 28.8M SGD
FY24 25.2M SGD
FY25 24.1M SGD
FY26 20.9M SGD

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Cite: Fair Value Calculator (2026). "Parkson Retail Asia Limited Fair Value". https://www.fairvalue-calculator.com/stock/O9E

Peer Group

Department Stores · 129 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 66 · Top 25%
Fair Value upside +200% · Top 25%
Return on equity (TTM) 43% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/E (TTM) 4.0× · Cheaper than 75% of peers
P/B 1.91× · Pricier than median
P/S (TTM) 0.30× · Cheaper than median
P/FCF 0.9× · Pricier 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.

VALUE 100 · sector 26
FUTURE 18 · sector 1
PAST 100 · sector 15
HEALTH 100 · sector 96
DIVIDEND 0 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
Yonghui Superstores Co 601933 ¥3.01 ¥1.62 -46%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%

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Frequently asked questions

Is Parkson Retail Asia Limited (O9E) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of 0.3510 SGD versus a price of 0.1170 SGD, about +200% (undervalued).
What is the fair value of O9E?
Our model-based fair value for Parkson Retail Asia Limited is 0.3510 SGD (as of Aug 9, 2026), built from audited fundamentals. The current price is 0.1170 SGD.
What is the quality score of O9E?
Parkson Retail Asia Limited has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Parkson Retail Asia Limited (O9E)?
Parkson Retail Asia Limited reported trailing-twelve-month revenue of about 211M SGD (latest available figure, as of Aug 9, 2026).
What is the net profit margin of O9E?
The net profit margin of Parkson Retail Asia Limited is about 10.1%, meaning it keeps roughly 10.1% of revenue as net income. 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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