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9926.TW$49.00-1.01%
Fair $49.00+0.0%

9926.TW

Shin Hai Gas Corporation

Utilities / Utilities - Regulated GasTaiwan

$49.00

-0.50 (-1.01%)

Fairly Valued+0.0%Fair Value $49.00Fund rank 38/100 · Data gapFallback financials|
SA 38/D
F-Score: 4/9
Margin Compression

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 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $436.6M · quality 79.0/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 82/100Data 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

38/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 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. Operating margin has declined for 3 consecutive years
Thesis & Journal · 9926.TWLocal privado en este navegador · Shin Hai Gas Corporation
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

$8.8B

P/E

18.5x

↑

EV/EBITDA

8.5x

↓

ROE

11.4%

↑

Gross Margin

26.2%

↓

Debt/Equity

0.00

↓
52-Week Range$49
$48$57

TradingView lightweight chart

9926.TW price, volumen y niveles de valoración

Último $49.00Periodo +595.4%
Fair value: $49.00

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

+3.4%

FCF CAGR

-20.8%

FCF margin

11.7%

FCF / Net income

0.60x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.47B · net income $481.8M · FCF $289.3M

2022-FY → 2025-FY

Gross margin

26.2%-2.1% pts

Operating margin

18.4%-2.9% pts

Net margin

19.5%-0.7% pts

FCF margin

11.7%-14.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.47B$2.47B$2.33B$2.29B$2.24B
Net Income$481.8M$481.8M$474.5M$467.7M$452.3M
EBITDA$982.7M$982.7M$952.3M$922.2M$889.3M
EPS——2.632.602.51
Gross Margin26.2%26.2%27.0%28.5%28.3%
Operating Margin18.4%18.4%19.8%21.0%21.3%
Net Margin19.5%19.5%20.3%20.4%20.2%
Balance Sheet
Debt/Equity0.000.000.000.000.00
Current Ratio1.601.60———
Cash Flow
Free Cash Flow$289.3M$289.3M$436.6M$569.2M$583.1M
Returns
ROE11.4%11.4%11.5%12.0%12.8%
Valuation
P/E18.4918.4919.4320.9620.64
EV/EBITDA8.538.538.869.989.92
P/B2.082.082.242.512.64
Growth & Yield
Revenue Growth5.9%5.9%1.9%2.4%—
EPS Growth——1.2%3.6%—
Dividend Yield4.1%4.1%———

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 -0.2%

Total return

-0.2%

Start / end P/E

n/dx → n/dx

EPS bridge

2.63 → n/d

Residual

-4.3%

EPS growthn/d
Multiple reratingn/d
Dividend+4.1%
Residual / FX / buybacks / cross-term-4.3%

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.