President Chain Store Corporation (2912.TW) stock analysis

In our weekly check, President Chain Store Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2.

About President Chain Store Corporation

President Chain Store Corporation is a Consumer Defensive company (Grocery Stores) based in Taiwan, listed on TAI as 2912.TW.

What our checks show for 2912.TW

Red flags

• Net debt is 2.8x a year of EBITDA (debt/equity 3.35). That limits room in a downturn and raises refinancing risk.
• The net margin is only 3.3%: little room if costs rise.

Warning signs

• The dividend takes 78% of profit: little cushion if profit falls.
• The stock has fallen as much as 46% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 1.8 years.
• The share count grew by 19% in 2 years: each shareholder owns a smaller slice.
• Return on capital (ROCE) is only 7.8%.

Strengths

• Operating cash flow is 3.13x net profit: the profit arrives as real cash.
• Beta 0.02: the stock usually moves less than the market.
• Actively traded: about 2.2 million shares a day.
• Pay in shares is only 0% of free cash flow.

Similar companies

SHP.JO · BIMAS.IS · L.TO · AXFO.ST · JMT.WA · WOW.AX

Questions

What grade does President Chain Store Corporation (2912.TW) have?

In our weekly check, President Chain Store Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2912.TW stock?

This week's biggest flags for President Chain Store Corporation: High debt, Thin margins, Dividend stretched. In total 7 of 25 checks show a warning or a red flag.

What does President Chain Store Corporation do?

President Chain Store Corporation is a Consumer Defensive company (Grocery Stores) based in Taiwan, listed on TAI as 2912.TW.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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