President Chain Store Corporation
2912.TW · TAI
Company research
President Chain Store Corporation (2912.TW) is a Taiwan-based Consumer Defensive company founded in 1978 and headquartered in Taipei, Taiwan, best known for operating the largest convenience store chain in Taiwan under the iconic 7-ELEVEN brand, with over 6,300 stores across the country as well as operations in the Philippines and Mainland China. As part of the Uni-President Group, the company diversifies its business through multiple segments including Convenience Stores, Retail Business Group, and Logistics Business Group, encompassing restaurants, drugstores, department stores, supermarkets, and online shopping platforms offering daily consumer goods such as fresh food, beverages, cosmetics, and household items. Beyond retail, President Chain Store extends its portfolio into logistics and storage, electronic ticketing and payment services, food manufacturing, information technology, insurance brokerage, and sports and entertainment, making it one of the most diversified retail conglomerates in Taiwan. Listed on the Taiwan Stock Exchange since 1997, the company employs approximately 43,950 full-time employees and reported trailing twelve-month revenues of approximately TWD 347 billion, underscoring its dominant market position in Taiwan's retail landscape.
Research reports
Simply Wall St’s structured equity analysis flags 2912 as trading about 24–25% below its internal fair value estimate, with earnings forecast to grow roughly 8.4% per year and a ~4% dividend yield, albeit with an unstable dividend track record. The report’s thesis is that President Chain Store is a reasonably valued defensive growth name in Taiwan convenience retail, supported by solid margins and moderate leverage, while key risks center on dividend reliability and only moderate growth scores.
Bernal FinTech · May 12, 2026President Chain Store Corporation (2912.TW) Stock Price, Valuation & Analysis - Bernal FinTechBernal FinTech’s valuation dashboard applies both levered and unlevered DCF models, implying intrinsic values in the ~TWD 780–950 range versus a spot price around TWD 241, and pairs that with a composite rating of B+, high ROE/ROA scores, and an Altman Z-score of 2.0 (grey zone). The analysis argues that 2912 is materially undervalued on cash-flow and return metrics, but highlights elevated debt-to-equity, below‑peer “moat” and low scores on P/B and D/E as key risks that could constrain multiple expansion despite bullish consensus ratings.
GROWTH Investing · April 1, 2026President Chain Store Stock Price - GROWTH InvestingThis note summarizes broker consensus as an “Outperform” rating on 2912 with an average 12‑month price target of TWD 299 (high 320, low 223), implying ~35% upside from early‑April 2026 levels. The narrative emphasizes mid‑single‑digit EPS growth, solid market share in Taiwan convenience stores, and a ~4% dividend yield with continuous payouts over at least five years, while citing competitive intensity and geographic concentration in Taiwan and Greater China as the main strategic risks.
Macroaxis · March 9, 2026President Chain (TW:2912) Price To Earnings To Growth AnalysisMacroaxis provides a ratio‑driven valuation piece focused on 2912’s PEG of about 3.45x, which it notes is ~28–140% above consumer‑staples and food‑retailing peers, alongside a P/E around 28x, P/B above 8x and a target price near TWD 296, suggesting the shares trade at a premium to sector growth. The write‑up frames President Chain Store as a highly profitable retailer (ROE ~27%, ROA ~3.6%) with stable margins and strong cash generation, but implies that much of this quality is already priced in, making valuation dependence on continued earnings growth and leaving downside risk if growth or profitability fade.