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9926.TW

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Shin Hai Gas Corporation · Utilities · Taiwan · $283M · Avg Vol: $63K/d

69
StockRank
Q
68
V
54
M
35
P/E (TTM)
18.5x
ROE
11.4%
D/E
0.0x
Dividend %
4.3%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Shin Hai Gas is a stable local utility in Taiwan with predictable cash flows, but it lacks the high-growth reinvestment runway required by the Terry Smith lens and does not benefit from our identified macro themes.

COMPANY DESCRIPTION

Shin Hai Gas Corporation distributes piped natural gas and installs gas pipelines for residential, commercial, and industrial users in New Taipei City. Operating as a regulated utility with exclusive geographic franchises, the company enjoys a natural monopoly and highly predictable, recession-resistant cash flows. Its growth is closely tied to urban development and population density increases within its service territories.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue—71.3M72.9M74.3M78.7M3.4%
EPS0.080.080.080.08—1.8%
Shares—179.5M179.5M179.5M179.5M0.0%
Debt—0.2M0.3M0.2M0.4M19.8%
Equity—112.5M124.3M131.1M134.7M6.2%
Op CF—30.6M32.3M29.1M25.8M-5.6%
Inv CF—-22.3M-17.6M-12.8M-25.5M—
Fin CF—-11.4M-11.4M-11.5M-11.4M—
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PRICE (1Y)-0.3%
1.561.561.571.581.58May 8May 29Jun 18
SMA 50SMA 200
Close
$1.57
RSI (14)
45.3
52W High
$1.82
From 52W High
0.9%

SCORE BREAKDOWN

Quality
68
ROIC
9.0%80.7
ROE
11.4%78.2
GP/Assets
7.4%36.5
Op. Margin
18.7%54.8
FCF/Assets
3.3%80.8
Piotroski
531.1
Int. Cover
50.0x93.6
D/E Ratio
0.00x98.6
Current Ratio
1.60x79.2
Value
54
P/E (TTM)
18.5x51.6
EV/EBITDA
6.6x86.5
P/FCF
964.1x38.3
P/B
2.0x36.8
P/S
3.6x22.1
Div Yield
4.3%73.7
Momentum
35
52W High %
86%62.4
RS 6M
-67%5.4
SMA 50/200
0.99x31.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
7%57.1

FUNDAMENTALS

Market Cap
$283M
P/E (Forward)
—
Gross Margin
26.4%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of 9926.TW are excluded.

TickerCompanyMkt CapStockRankSignal
9926.TWShin Hai Gas Corporation(you)$283M69BUY
9908.TWThe Great Taipei Gas Corporation$465M55HOLD
9918.TWShin Shin Natural Gas Company Limited$245M47HOLD
8908.TWOShinHsiung Natural Gas Inc.$408M44HOLD
9931.TWHsin Kao Gas Co.,Ltd.$130M52HOLD
6994.TWFoxwell Power Co., Ltd.$149M69BUY
7818.TWKEMFLO INTERNATIONAL CO. LTD.$352M38HOLD
7740.TWSeetel New Energy Co., Ltd.$314M31SELL
8931.TWOTa-Yuan Cogeneration Company Ltd.$165M13STRONG SELL
6869.TWJ&V Energy Technology Co., Ltd.$365M3STRONG SELL

Peer medians: ROE 8.8% · P/E 18.3x · Gross margin 16.0%

Shin Hai Gas Corporation (9926.TW) — Stock Score Summary

Shin Hai Gas Corporation (9926.TW) has a MoatMap StockRank of 69/100 based on Quality (68/100), Value (54/100), and Momentum (35/100) factor scores. The current signal is BUY. Shin Hai Gas is a stable local utility in Taiwan with predictable cash flows, but it lacks the high-growth reinvestment runway required by the Terry Smith lens and does not benefit from our identified macro themes.

Shin Hai Gas Corporation distributes piped natural gas and installs gas pipelines for residential, commercial, and industrial users in New Taipei City. Operating as a regulated utility with exclusive geographic franchises, the company enjoys a natural monopoly and highly predictable, recession-resistant cash flows. Its growth is closely tied to urban development and population density increases within its service territories.

Key Financial Metrics

Price$1.57
Market Cap$283M
P/E (TTM)18.54
Price/Book2.00
Return on Equity11.4%
Return on Invested Capital9.0%
Debt/Equity0.17
Gross Margin26.4%
Operating Margin18.7%
Revenue Growth-1.0%
Dividend Yield4.3%
Free Cash Flow$294K

Shin Hai Gas Corporation operates in the Utilities - Regulated Gas industry, part of the Utilities sector (Taiwan).

Frequently Asked Questions

What is Shin Hai Gas Corporation’s (9926.TW) StockRank?
MoatMap’s StockRank for Shin Hai Gas Corporation (9926.TW) is 69/100, with a Buy signal. It is a composite of Quality (68), Value (54), and Momentum (35) factor ranks across MoatMap’s 20,000+ stock universe.
Does Shin Hai Gas Corporation have an economic moat?
Shin Hai Gas Corporation (9926.TW) has a Quality factor score of 68/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Shin Hai Gas Corporation a buy, hold, or sell?
MoatMap’s current signal for Shin Hai Gas Corporation (9926.TW) is Buy, based on a StockRank of 69/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Shin Hai Gas Corporation in?
Shin Hai Gas Corporation (9926.TW) operates in the Utilities sector, specifically the Utilities - Regulated Gas industry (Taiwan).
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