GTSM:2945

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Simple Mart Retail

Executive Summary

Simple Mart Retail Co., Ltd. owns and operates a chain of retail stores in Taiwan. More Details


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

How has Simple Mart Retail's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2945 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2945's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.9%

2945

1.8%

TW Multiline Retail

-0.1%

TW Market


1 Year Return

-2.0%

2945

10.8%

TW Multiline Retail

41.5%

TW Market

Return vs Industry: 2945 underperformed the TW Multiline Retail industry which returned 10.8% over the past year.

Return vs Market: 2945 underperformed the TW Market which returned 41.5% over the past year.


Shareholder returns

2945IndustryMarket
7 Day-1.9%1.8%-0.1%
30 Day-0.8%4.8%5.6%
90 Day-4.6%-1.8%15.0%
1 Year-1.3%-2.0%15.1%10.8%46.5%41.5%
3 Yearn/a62.0%43.6%67.1%48.2%
5 Yearn/a69.2%39.3%123.0%83.7%

Long-Term Price Volatility Vs. Market

How volatile is Simple Mart Retail's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Simple Mart Retail undervalued compared to its fair value and its price relative to the market?

55.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2945 (NT$88.2) is trading above our estimate of fair value (NT$41.55)

Significantly Below Fair Value: 2945 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2945's PE Ratio (55.3x) is in line with the TW Multiline Retail industry average.

PE vs Market: 2945 is poor value based on its PE Ratio (55.3x) compared to the TW market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2945's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2945 is overvalued based on its PB Ratio (4.4x) compared to the TW Multiline Retail industry average (2.7x).


Next Steps

Future Growth

How is Simple Mart Retail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

41.5%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Simple Mart Retail has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Simple Mart Retail performed over the past 5 years?

-17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2945 has high quality earnings.

Growing Profit Margin: 2945's current net profit margins (0.8%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: 2945's earnings have declined by 17.4% per year over the past 5 years.

Accelerating Growth: 2945's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2945 had negative earnings growth (-29.4%) over the past year, making it difficult to compare to the Multiline Retail industry average (-29.4%).


Return on Equity

High ROE: 2945's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is Simple Mart Retail's financial position?


Financial Position Analysis

Short Term Liabilities: 2945's short term assets (NT$1.8B) do not cover its short term liabilities (NT$2.3B).

Long Term Liabilities: 2945's short term assets (NT$1.8B) exceed its long term liabilities (NT$1.3B).


Debt to Equity History and Analysis

Debt Level: 2945's debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 2945's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 2945's debt is well covered by operating cash flow (200.2%).

Interest Coverage: 2945's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Simple Mart Retail current dividend yield, its reliability and sustainability?

2.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2945's dividend (2.86%) is higher than the bottom 25% of dividend payers in the TW market (1.98%).

High Dividend: 2945's dividend (2.86%) is low compared to the top 25% of dividend payers in the TW market (4.97%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 2945 has been paying a dividend for less than 10 years.

Growing Dividend: 2945 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (158.2%), 2945's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Simple Mart Retail has no CEO, or we have no data on them.


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

Simple Mart Retail Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Simple Mart Retail Co., Ltd.
  • Ticker: 2945
  • Exchange: GTSM
  • Founded: 2006
  • Industry: General Merchandise Stores
  • Sector: Retail
  • Market Cap: NT$5.292b
  • Shares outstanding: 60.00m
  • Website: https://www.simplemart.com.tw

Number of Employees


Location

  • Simple Mart Retail Co., Ltd.
  • No. 4, Minquan East Road
  • 1st Floor, Section 3
  • Taipei
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2945GTSM (Taipei Exchange)YesCommon StockTWTWDDec 2018

Biography

Simple Mart Retail Co., Ltd. owns and operates a chain of retail stores in Taiwan. It operates approximately 681 stores, as well as offers products online. The company was founded in 2006 and is based in T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 08:47
End of Day Share Price2021/03/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.