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9918.TW$43.75+0.57%
Fair $43.75+0.0%

9918.TW

Shin Shin Natural Gas Company Limited

Utilities / Utilities - Regulated GasTaiwan

$43.75

+0.25 (+0.57%)

Fairly Valued+0.0%Fair Value $43.75Fund rank 30/100 · Data gapFallback financials|
SA 44/C
F-Score: 6/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 22%

FCF escenarios

weak_data · normalized FCF $208.4M · quality 52.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 32/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

44/100

C

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists.
Thesis & Journal · 9918.TWLocal privado en este navegador · Shin Shin Natural Gas Company Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$7.8B

P/E

27.3x

↑

EV/EBITDA

11.2x

↑

ROE

8.6%

↑

Gross Margin

29.8%

↑

Debt/Equity

0.02

↓
52-Week Range$44
$39$61

TradingView lightweight chart

9918.TW price, volumen y niveles de valoración

Último $43.75Periodo +350.9%
Fair value: $43.75

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+1.8%

FCF CAGR

+6.2%

FCF margin

16.4%

FCF / Net income

1.18x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.05B · net income $285.8M · FCF $336.7M

2022-FY → 2025-FY

Gross margin

29.8%+0.5% pts

Operating margin

16.1%-0.8% pts

Net margin

13.9%+6.5% pts

FCF margin

16.4%+1.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.05B$2.05B$1.99B$1.93B$1.95B
Net Income$285.8M$285.8M$397.4M$355.9M$143.9M
EBITDA$648.6M$648.6M$738.1M$669.2M$457.6M
EPS——2.232.000.81
Gross Margin29.8%29.8%29.7%29.2%29.4%
Operating Margin16.1%16.1%16.1%15.3%17.0%
Net Margin13.9%13.9%19.9%18.4%7.4%
Balance Sheet
Debt/Equity0.020.020.020.010.01
Current Ratio1.811.81———
Cash Flow
Free Cash Flow$336.7M$336.7M$-293.9M$208.4M$281.4M
Returns
ROE8.6%8.6%12.0%11.2%4.8%
Valuation
P/E27.3427.3417.7820.2052.47
EV/EBITDA11.1611.168.9510.1815.33
P/B2.352.352.142.272.53
Growth & Yield
Revenue Growth3.0%3.0%3.1%-0.7%—
EPS Growth——11.5%146.9%—
Dividend Yield3.7%3.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +14.4%

Total return

+14.4%

Start / end P/E

n/dx → n/dx

EPS bridge

2.23 → n/d

Residual

+10.8%

EPS growthn/d
Multiple reratingn/d
Dividend+3.7%
Residual / FX / buybacks / cross-term+10.8%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.