1. Taiwan Stocks

  2. •

    Retail trade

  3. •

    Department stores
Far Eastern Department Stores Ltd.

Far Eastern Department Stores Ltd.

TTWSE:2903
22.05
TWD
+0.10
(+0.46%)
1.65EPS
15.46P/E
32.40BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
32.67
32.1
31.56
30.88
29.22
27.86
26.9
26.47
25.06
25.46
26.07
24.85
24.18
24.11
Basic EPS, GAAP
1.53
1.07
1.2
0.81
1.09
0.94
1.26
1.38
0.86
1.37
1.95
1.65
1.56
1.49
Free Cash Flow per Basic Share
1.3
2.81
1.8
2.68
3.76
1.54
4.2
5.94
5.5
6.22
6.26
4.42
4
4.13
Dividend per Share
0.77
1.13
1.01
1.01
0.7
1
0.85
0.8
1.1
0.9
1.11
1.61
1.36
- -
Book Value per Share
20.66
22.13
20.76
20.32
20.58
20.96
21.86
22.14
22.04
22.39
22.23
22.41
22.08
21.32
Tangible Book Value per Share
15.27
17.08
15.62
15.89
16.99
18.51
20.1
20.31
20.32
20.68
20.53
20.73
20.4
19.66
Basic Weighted Avg Shares
1,431
1,431
1,426
1,409
1,409
1,409
1,409
1,409
1,409
1,409
1,409
1,409
1,409
1,411
Sales/Revenue/Turnover
46,754
45,929
44,998
43,496
41,167
39,243
37,896
37,288
35,308
35,864
36,725
35,007
34,068
34,021
Operating Margin (%)
5.89
7.24
6.51
7.27
7.5
10.63
11.98
10.94
10.29
12.4
15.04
11.62
12.33
12.79
Depreciation Expense
2,959
2,981
3,097
2,969
2,695
2,407
5,615
5,874
5,309
5,605
5,196
6,042
6,064
5,896
Net Income, GAAP
2,186
1,524
1,715
1,134
1,536
1,318
1,782
1,939
1,208
1,930
2,752
2,326
2,198
2,099
Effective Tax Rate (%)
25.71
29.99
36.94
29.5
31.64
35.25
30.64
15.19
21.8
22.9
23.41
19.82
18.95
26.29
Profit Margin (%)
4.68
3.32
3.81
2.61
3.73
3.36
4.7
5.2
3.42
5.38
7.49
6.64
6.45
6.17
Working Capital
-24,534
-25,104
-26,064
-26,447
-25,804
-21,578
-26,922
-24,568
-21,537
-27,220
-23,174
-21,380
-20,447
-22,255
LT Debt
23,832
22,541
19,824
15,956
13,258
15,090
40,406
39,475
39,353
30,390
42,647
51,913
52,945
47,303
Total Equity
37,453
39,457
36,852
36,443
36,858
37,690
38,904
39,788
39,835
40,547
37,474
37,391
36,364
34,959
Return on Invested Capital (%)
2.63
3.08
2.53
3.13
2.96
3.86
3.72
3.54
2.96
3.67
4.46
3.19
3.21
3.17
Return on Capital (%)
2.21
1.62
2.16
1.52
2.17
1.82
2.37
2.12
1.19
1.97
2.43
2.96
2.87
2.9
Return on Common Equity (%)
7.52
4.98
5.63
3.92
5.33
4.5
5.91
6.26
3.88
6.17
8.76
7.4
7.01
6.95

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
16,168
17,318
16,287
LT Borrowings
14,619
13,506
13,725
LT Finance Leases
38,327
34,534
33,578
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,409
1,409
1,409
Market Capitalization
30,992
31,978
32,401

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26,668
23,289
21,781
Cash, Cash Equivalents & STI
22,875
19,498
18,089
Accounts Receivable, Net
700
683
695
Inventories
1,919
2,079
1,782
Total Current Liabilities
47,115
44,842
44,036
Payables & Accruals
- -
- -
- -
ST Debt
16,168
17,318
16,287
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.09%
-1.73%
-2.75%
Free Cash Flow
21.05%
-6.53%
-9.55%
Net Income, GAAP
7.5%
8.73%
-5.51%
Sales/Revenue/Turnover
-2.71%
-1.74%
-2.68%
Total Cash Common Dividend
6.18%
14.33%
-15.75%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,821
7,848
7,690
10,647
35,007
2025
8,472
7,538
7,622
10,436
34,068
2026
8,445
7,518
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.38
0.3
0.55
1.65
2025
0.34
0.29
0.49
0.44
1.56
2026
0.39
0.16
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.61
2025
- -
- -
- -
- -
1.36
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hsueh Fang Hsu
Full Time Employees
10,183
Sector
Retail trade
Industry
Department stores
Address
No. 16, Xinzhan Road New Taipei TPE Taiwan 220336
IPO Date
Oct 11, 1978
Website
feds.com.tw
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Business
Far Eastern Department Stores, Ltd. (2903.TW) operates as Taiwan's leading department store chain, offering a comprehensive range of retail products and services including apparel for men, women and children; furniture; home appliances; sports and leisure products; consumer electronics; general merchandise; toys; hardware; decorations; stationery; books; CDs/DVDs; cameras; shoes, hats and rain gear; medical equipment; cigarettes and wine; rice and grains; computers and telecommunications instruments; salt; clocks, watches and glasses; gold and jewelry; hypermarket groceries via A.mart; high-end supermarkets through City’Super; food courts; beverage stores; restaurants; hair salons; and film development services. The company conducts investment activities, trading, e-commerce, credit card services, advertisement agency, construction leasing and vehicle repair through subsidiaries; it also manages parking lots, art galleries, antiques sales, electronic entertainment for children, storage, film tape leasing and sales, vending machine imports and telecommunications equipment repairs. Founded in 1967 and headquartered at 18F, No. 16, Xinzhan Road, Banqiao District, New Taipei City, Taiwan, Far Eastern Department Stores primarily serves consumers in Taiwan with over 45 locations, including stores in Taipei, Tainan, Taichung, Kaohsiung and Hualien; it maintains a presence in Mainland China. Recent developments include the grand opening of Far Eastern Garden City, the largest mall in central Taipei integrating dining, culture and international events, which has exceeded performance expectations; redevelopment of the Baoqing store in Taipei into a high-specification, eco-friendly department store designed by a world-renowned architect; plans for a new store in New Taipei City’s Tpark Technology Park near Far Eastern Memorial Hospital; accelerated store openings and global talent development; enhanced customer experiences via AI-driven personalized marketing with nearly 4 million messages sent in 2024; transformation of stores into experiential spaces; and consolidated 2024 group sales of NT$132 billion (including Far Eastern SOGO, A.mart and City’Super) with earnings per share of NT$1.65 and a cash dividend of NT$1.35 per share; the company received 32 ESG awards in 2024, including the Federation of Asia-Pacific Retailers Association Country Award.