We’ve recently updated our valuation analysis.

President Chain Store Valuation

Is 2912 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2912?

Other financial metrics that can be useful for relative valuation.

2912 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA16.8x
PEG Ratio3.5x

Price to Earnings Ratio vs Peers

How does 2912's PE Ratio compare to its peers?

The above table shows the PE ratio for 2912 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.6x
5903 Taiwan FamilyMart
29.3xn/aNT$41.7b
KESKOB Kesko Oyj
13.3x-3.4%€8.3b
SHP Shoprite Holdings
24x11.4%R136.8b
ACI Albertsons Companies
7.7x1.6%US$11.1b
2912 President Chain Store
28.6x8.1%NT$275.5b

Price-To-Earnings vs Peers: 2912 is expensive based on its Price-To-Earnings Ratio (28.6x) compared to the peer average (18.6x).


Price to Earnings Ratio vs Industry

How does 2912's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.2%
n/an/an/a

Price-To-Earnings vs Industry: 2912 is expensive based on its Price-To-Earnings Ratio (28.6x) compared to the Asian Consumer Retailing industry average (17.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2912's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2912 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.6x
Fair PE Ratio29.5x

Price-To-Earnings vs Fair Ratio: 2912 is good value based on its Price-To-Earnings Ratio (28.6x) compared to the estimated Fair Price-To-Earnings Ratio (29.5x).


Share Price vs Fair Value

What is the Fair Price of 2912 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2912 (NT$265) is trading below our estimate of fair value (NT$492.44)

Significantly Below Fair Value: 2912 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2912 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$265.00
NT$295.15
+11.4%
9.9%NT$340.00NT$235.00n/a13
Nov ’23NT$270.00
NT$298.86
+10.7%
9.7%NT$340.00NT$240.00n/a14
Oct ’23NT$282.50
NT$298.86
+5.8%
9.7%NT$340.00NT$240.00n/a14
Sep ’23NT$268.50
NT$294.85
+9.8%
10.0%NT$328.00NT$235.00n/a13
Aug ’23NT$282.50
NT$297.69
+5.4%
10.5%NT$330.00NT$235.00n/a13
Jul ’23NT$273.00
NT$290.08
+6.3%
9.8%NT$335.00NT$235.00n/a12
Jun ’23NT$266.50
NT$291.46
+9.4%
9.5%NT$335.00NT$235.00n/a13
May ’23NT$273.50
NT$288.38
+5.4%
9.5%NT$335.00NT$235.00n/a13
Apr ’23NT$263.00
NT$288.38
+9.7%
9.5%NT$335.00NT$235.00n/a13
Mar ’23NT$263.00
NT$289.86
+10.2%
9.0%NT$335.00NT$242.00n/a14
Feb ’23NT$265.00
NT$292.00
+10.2%
9.2%NT$335.00NT$242.00n/a14
Jan ’23NT$273.50
NT$292.00
+6.8%
9.2%NT$335.00NT$242.00n/a14
Dec ’22NT$276.50
NT$291.36
+5.4%
9.4%NT$335.00NT$242.00n/a14
Nov ’22NT$281.50
NT$294.00
+4.4%
9.0%NT$335.00NT$245.00NT$270.0013
Oct ’22NT$276.00
NT$294.00
+6.5%
9.0%NT$335.00NT$245.00NT$282.5013
Sep ’22NT$278.00
NT$294.43
+5.9%
8.7%NT$335.00NT$245.00NT$268.5014
Aug ’22NT$280.50
NT$288.64
+2.9%
7.6%NT$324.00NT$245.00NT$282.5014
Jul ’22NT$261.00
NT$289.00
+10.7%
7.5%NT$324.00NT$245.00NT$273.0014
Jun ’22NT$266.50
NT$289.00
+8.4%
7.5%NT$324.00NT$245.00NT$266.5014
May ’22NT$271.00
NT$294.75
+8.8%
7.0%NT$324.00NT$253.00NT$273.5016
Apr ’22NT$275.50
NT$294.75
+7.0%
7.0%NT$324.00NT$253.00NT$263.0016
Mar ’22NT$262.00
NT$291.88
+11.4%
8.1%NT$324.00NT$240.00NT$263.0017
Feb ’22NT$270.00
NT$292.06
+8.2%
8.1%NT$324.00NT$240.00NT$265.0017
Jan ’22NT$266.50
NT$292.06
+9.6%
8.1%NT$324.00NT$240.00NT$273.5017
Dec ’21NT$268.00
NT$292.18
+9.0%
8.0%NT$324.00NT$240.00NT$276.5017
Nov ’21NT$258.00
NT$291.35
+12.9%
8.2%NT$325.00NT$240.00NT$281.5017

Analyst Forecast: Target price is less than 20% higher than the current share price.


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