As of 2025-08-06, the Intrinsic Value of Far Eastern Department Stores Ltd (2903.TW) is 27.26 TWD. This 2903.TW valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 21.35 TWD, the upside of Far Eastern Department Stores Ltd is 27.70%.
The range of the Intrinsic Value is 12.20 - 56.50 TWD
Based on its market price of 21.35 TWD and our intrinsic valuation, Far Eastern Department Stores Ltd (2903.TW) is undervalued by 27.70%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 12.20 - 56.50 | 27.26 | 27.7% |
| DCF (Growth 10y) | 20.51 - 69.55 | 37.23 | 74.4% |
| DCF (EBITDA 5y) | (6.28) - 6.46 | 0.17 | -99.2% |
| DCF (EBITDA 10y) | 2.09 - 17.04 | 9.38 | -56.0% |
| Fair Value | 18.17 - 18.17 | 18.17 | -14.87% |
| P/E | 26.81 - 47.23 | 36.42 | 70.6% |
| EV/EBITDA | 6.07 - 31.00 | 18.12 | -15.1% |
| EPV | 58.72 - 99.59 | 79.15 | 270.7% |
| DDM - Stable | 11.66 - 35.04 | 23.35 | 9.3% |
| DDM - Multi | 15.31 - 38.84 | 22.31 | 4.5% |
| Market Cap (mil) | 30,251.67 |
| Beta | 0.28 |
| Outstanding shares (mil) | 1,416.94 |
| Enterprise Value (mil) | 84,500.47 |
| Market risk premium | 5.98% |
| Cost of Equity | 7.22% |
| Cost of Debt | 4.25% |
| WACC | 4.51% |