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Market Cap

NT$284.9b

Last Updated

2021/04/17 08:39 UTC

Data Sources

Company Financials +

Executive Summary

President Chain Store Corporation invests in and manages convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores in Taiwan and internationally. More Details


Snowflake Analysis

Acceptable track record with mediocre balance sheet.

Share Price & News

How has President Chain Store's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2912 is less volatile than 75% of TW stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 2912's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

2912

0.01%

TW Consumer Retailing

1.4%

TW Market


1 Year Return

-4.5%

2912

0.8%

TW Consumer Retailing

62.2%

TW Market

Return vs Industry: 2912 underperformed the TW Consumer Retailing industry which returned 0.8% over the past year.

Return vs Market: 2912 underperformed the TW Market which returned 62.2% over the past year.


Shareholder returns

2912IndustryMarket
7 Day-0.2%0.01%1.4%
30 Day-0.7%0.007%5.8%
90 Day3.0%3.8%10.5%
1 Year-1.3%-4.5%4.0%0.8%67.8%62.2%
3 Year3.8%-9.7%12.5%-1.3%77.2%56.9%
5 Year43.7%17.8%45.8%21.2%141.8%98.7%

Long-Term Price Volatility Vs. Market

How volatile is President Chain Store's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is President Chain Store undervalued compared to its fair value and its price relative to the market?

3.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2912 (NT$274) is trading below our estimate of fair value (NT$282.61)

Significantly Below Fair Value: 2912 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2912's PE Ratio (27.8x) is in line with the TW Consumer Retailing industry average.

PE vs Market: 2912 is poor value based on its PE Ratio (27.8x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: 2912 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: 2912 is overvalued based on its PB Ratio (7.9x) compared to the TW Consumer Retailing industry average (4x).


Future Growth

How is President Chain Store forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2912's forecast earnings growth (8.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 2912's earnings (8.7% per year) are forecast to grow slower than the TW market (16.2% per year).

High Growth Earnings: 2912's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2912's revenue (4.7% per year) is forecast to grow slower than the TW market (10.4% per year).

High Growth Revenue: 2912's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2912's Return on Equity is forecast to be high in 3 years time (33.9%)


Past Performance

How has President Chain Store performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2912 has high quality earnings.

Growing Profit Margin: 2912's current net profit margins (4%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: 2912's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: 2912's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2912 had negative earnings growth (-2.9%) over the past year, making it difficult to compare to the Consumer Retailing industry average (6.7%).


Return on Equity

High ROE: 2912's Return on Equity (25.2%) is considered high.


Financial Health

How is President Chain Store's financial position?


Financial Position Analysis

Short Term Liabilities: 2912's short term assets (NT$78.1B) do not cover its short term liabilities (NT$82.7B).

Long Term Liabilities: 2912's short term assets (NT$78.1B) do not cover its long term liabilities (NT$81.8B).


Debt to Equity History and Analysis

Debt Level: 2912's debt to equity ratio (21%) is considered satisfactory.

Reducing Debt: 2912's debt to equity ratio has increased from 11.6% to 21% over the past 5 years.

Debt Coverage: 2912's debt is well covered by operating cash flow (320.7%).

Interest Coverage: 2912's interest payments on its debt are well covered by EBIT (16.1x coverage).


Balance Sheet


Dividend

What is President Chain Store current dividend yield, its reliability and sustainability?

3.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2912's dividend (3.28%) is higher than the bottom 25% of dividend payers in the TW market (1.94%).

High Dividend: 2912's dividend (3.28%) is low compared to the top 25% of dividend payers in the TW market (4.78%).


Stability and Growth of Payments

Stable Dividend: 2912's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2912's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.4%), 2912's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2912's dividends in 3 years are forecast to be covered by earnings (89.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Jui-Tien Huang (56 yo)

2.83yrs

Tenure

Mr. Jui-Tien Huang has been the President at President Chain Store Corp. since July 2018. Mr. Huang served as General Manager of President Chain Store Corporation since June 20, 2018 until July 2018. Mr. H...


Leadership Team

Experienced Management: 2912's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: 2912's board of directors are considered experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

President Chain Store Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: President Chain Store Corporation
  • Ticker: 2912
  • Exchange: TSEC
  • Founded: 1978
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: NT$284.856b
  • Shares outstanding: 1.04b
  • Website: https://www.7-11.com.tw

Number of Employees


Location

  • President Chain Store Corporation
  • #65 Tung-Hsin Road
  • 2nd Floor
  • Taipei
  • 110
  • Taiwan

Listings


Biography

President Chain Store Corporation invests in and manages convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores in Taiwan and internationally. It operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 08:39
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.