Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

9931.TW

HOLDREMOVE

Hsin Kao Gas Co.,Ltd. · Utilities · Taiwan · $130M · Avg Vol: $72K/d

52
StockRank
Q
55
V
64
M
23
P/E (TTM)
14.4x
ROE
8.8%
D/E
0.1x
Dividend %
5.2%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Hsin Kao Gas is a localized gas utility in Taiwan. It operates as a stable utility but lacks growth runway, pricing power, and is exposed to significant regional geopolitical risks without any offsetting global scale advantages.

COMPANY DESCRIPTION

Hsin Kao Gas Co.,Ltd. provides piped natural gas distribution and pipeline installation services to residential and commercial customers in Kaohsiung City, Taiwan. The company operates under a regulated geographic monopoly, providing highly stable utility revenues and defensive investment characteristics. Its established pipeline network across major southern metropolitan areas represents an insurmountable barrier to entry.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue—39.7M39.1M62.1M50.0M7.9%
EPS0.060.050.050.09—13.2%
Shares—120.4M120.4M120.4M120.4M0.0%
Debt4.3M17.3M22.9M7.7M10.4M24.6%
Equity—75.0M84.1M97.2M105.3M12.0%
Op CF—10.8M10.2M30.7M21.8M26.3%
Inv CF—-14.6M-11.6M-9.9M-16.6M—
Fin CF—3.3M4.1M-19.0M-4.4M—
Loading...
PRICE (1Y)+1.9%
1.081.091.101.111.13May 8May 29Jun 18
SMA 50SMA 200
Close
$1.12
RSI (14)
69.8
52W High
$1.63
From 52W High
0.7%

SCORE BREAKDOWN

Quality
55
ROIC
8.3%74.4
ROE
8.8%56.1
GP/Assets
4.1%13.0
Op. Margin
11.5%37.1
FCF/Assets
1.9%73.1
Piotroski
531.1
Int. Cover
50.0x93.6
D/E Ratio
0.09x91.5
Current Ratio
1.08x55.1
Value
64
P/E (TTM)
14.4x67.1
EV/EBITDA
6.8x85.2
P/FCF
1030.3x34.7
P/B
1.2x67.2
P/S
2.7x36.9
Div Yield
5.2%87.9
Momentum
23
52W High %
69%24.1
RS 6M
-63%6.1
SMA 50/200
1.00x34.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
-9%35.4

FUNDAMENTALS

Market Cap
$130M
P/E (Forward)
—
Gross Margin
17.2%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of 9931.TW are excluded.

TickerCompanyMkt CapStockRankSignal
9931.TWHsin Kao Gas Co.,Ltd.(you)$130M52HOLD
9918.TWShin Shin Natural Gas Company Limited$245M47HOLD
9908.TWThe Great Taipei Gas Corporation$465M55HOLD
8908.TWOShinHsiung Natural Gas Inc.$408M44HOLD
9926.TWShin Hai Gas Corporation$283M69BUY
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
6806.TWShinfox Energy Co., Ltd.$59M9STRONG SELL

Peer medians: ROE 9.6% · P/E 19.0x · Gross margin 18.7%

Hsin Kao Gas Co.,Ltd. (9931.TW) — Stock Score Summary

Hsin Kao Gas Co.,Ltd. (9931.TW) has a MoatMap StockRank of 52/100 based on Quality (55/100), Value (64/100), and Momentum (23/100) factor scores. The current signal is HOLD. Hsin Kao Gas is a localized gas utility in Taiwan. It operates as a stable utility but lacks growth runway, pricing power, and is exposed to significant regional geopolitical risks without any offsetting global scale advantages.

Hsin Kao Gas Co.,Ltd. provides piped natural gas distribution and pipeline installation services to residential and commercial customers in Kaohsiung City, Taiwan. The company operates under a regulated geographic monopoly, providing highly stable utility revenues and defensive investment characteristics. Its established pipeline network across major southern metropolitan areas represents an insurmountable barrier to entry.

Key Financial Metrics

Price$1.12
Market Cap$130M
P/E (TTM)14.36
Price/Book1.22
Return on Equity8.8%
Return on Invested Capital8.3%
Debt/Equity9.23
Gross Margin17.2%
Operating Margin11.5%
Revenue Growth2.1%
Dividend Yield5.2%
Free Cash Flow$127K

Hsin Kao Gas Co.,Ltd. operates in the Utilities - Regulated Gas industry, part of the Utilities sector (Taiwan).

Frequently Asked Questions

What is Hsin Kao Gas Co.,Ltd.’s (9931.TW) StockRank?
MoatMap’s StockRank for Hsin Kao Gas Co.,Ltd. (9931.TW) is 52/100, with a Hold signal. It is a composite of Quality (55), Value (64), and Momentum (23) factor ranks across MoatMap’s 20,000+ stock universe.
Does Hsin Kao Gas Co.,Ltd. have an economic moat?
Hsin Kao Gas Co.,Ltd. (9931.TW) has a Quality factor score of 55/100. 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 Hsin Kao Gas Co.,Ltd. a buy, hold, or sell?
MoatMap’s current signal for Hsin Kao Gas Co.,Ltd. (9931.TW) is Hold, based on a StockRank of 52/100. 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 Hsin Kao Gas Co.,Ltd. in?
Hsin Kao Gas Co.,Ltd. (9931.TW) operates in the Utilities sector, specifically the Utilities - Regulated Gas industry (Taiwan).
Browse all ranked stocks9931.TW deep dive reportAI ChampionsHow we score stocksSense-check another stock