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Updated 1m ago
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Taiwan Cogeneration CorporationTWSE:8926 Stock Report

Market Cap NT$48.7b
Updated 1m ago
Share Price
n/a
1Y25.7%
7D2.3%
1D-1.3%
Portfolio Value
​
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Taiwan Cogeneration Corporation

TWSE:8926 Stock Report

Market Cap: NT$48.7b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Taiwan Cogeneration (8926) Stock Overview

Engages in the operation and management of cogeneration plants in Taiwan. More details

8926 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends3/6

Rewards

Price-To-Earnings ratio (16.1x) is below the TW market (18.9x)

Earnings have grown 24.7% per year over the past 5 years

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (8%) are lower than last year (20.7%)

Large one-off items impacting financial results

Dividend of 4.11% is not well covered by free cash flows


8926 Community Fair Values

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NT$
Current Price
NT$58.709.2% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture082b2016201920222025202620282031Revenue NT$81.8bEarnings NT$6.5b
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Taiwan Cogeneration Corporation Competitors

Ta-Yuan Cogeneration

Symbol: TPEX:8931
Market cap: NT$5.3b

HD Renewable Energy

Symbol: TWSE:6873
Market cap: NT$9.7b

ShinHsiung Natural Gas

Symbol: TPEX:8908
Market cap: NT$12.9b

Central Puerto

Symbol: BASE:CEPU
Market cap: AR$3.1t

Price History & Performance

Summary of share price highs, lows and changes for Taiwan Cogeneration
Historical stock prices
Current Share PriceNT$58.70
52 Week HighNT$84.30
52 Week LowNT$39.90
Beta0.85
1 Month Change2.44%
3 Month Change-28.33%
1 Year Change25.70%
3 Year Change41.28%
5 Year Change62.01%
Change since IPO464.91%

Recent News & Updates

Recent updates

Analysis Article • Nov 21

Taiwan Cogeneration's (TWSE:8926) Shareholders Have More To Worry About Than Only Soft Earnings

A lackluster earnings announcement from Taiwan Cogeneration Corporation ( TWSE:8926 ) last week didn't sink the stock...
Analysis Article • Aug 13

Is Taiwan Cogeneration (TWSE:8926) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Jul 02

Capital Allocation Trends At Taiwan Cogeneration (TWSE:8926) Aren't Ideal

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Mar 21

Taiwan Cogeneration's (TWSE:8926) Earnings May Just Be The Starting Point

The subdued stock price reaction suggests that Taiwan Cogeneration Corporation's ( TWSE:8926 ) strong earnings didn't...
Analysis Article • Feb 28

Taiwan Cogeneration Corporation's (TWSE:8926) Business Is Trailing The Market But Its Shares Aren't

It's not a stretch to say that Taiwan Cogeneration Corporation's ( TWSE:8926 ) price-to-earnings (or "P/E") ratio of...
Analysis Article • Apr 02

Is Taiwan Cogeneration (TPE:8926) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Feb 25

Did You Participate In Any Of Taiwan Cogeneration's (TPE:8926) Respectable 99% Return?

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
Analysis Article • Jan 22

Are Taiwan Cogeneration Corporation's (TPE:8926) Mixed Financials Driving The Negative Sentiment?

With its stock down 4.9% over the past week, it is easy to disregard Taiwan Cogeneration (TPE:8926). We, however...
Analysis Article • Dec 17

Calculating The Intrinsic Value Of Taiwan Cogeneration Corporation (TPE:8926)

Does the December share price for Taiwan Cogeneration Corporation ( TPE:8926 ) reflect what it's really worth? Today...
Analysis Article • Nov 18

Shareholders Of Taiwan Cogeneration (TPE:8926) Must Be Happy With Their 119% Total Return

The simplest way to invest in stocks is to buy exchange traded funds. But you can do a lot better than that by buying...

Shareholder Returns

8926TW Renewable EnergyTW Market
7D2.3%3.3%4.0%
1Y25.7%-16.0%82.4%

Return vs Industry: 8926 exceeded the TW Renewable Energy industry which returned -16% over the past year.

Return vs Market: 8926 underperformed the TW Market which returned 82.4% over the past year.

Price Volatility

Is 8926's price volatile compared to industry and market?
8926 volatility
8926 Average Weekly Movement5.7%
Renewable Energy Industry Average Movement5.7%
Market Average Movement5.7%
10% most volatile stocks in TW Market11.0%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 8926 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 8926's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/aYi-Tong Chenwww.cogen.com.tw

Taiwan Cogeneration Corporation, together with its subsidiaries, engages in the operation and management of cogeneration plants in Taiwan. It operates through Guantian Cogeneration Plant, and Construction and Consulting Services segments. The company is also involved in the engineering, planning, design, procurement, installation, construction, and financing planning of cogeneration plants; and environmental protection and procurement of fuel for cogeneration systems and related businesses.

Taiwan Cogeneration Corporation Fundamentals Summary

How do Taiwan Cogeneration's earnings and revenue compare to its market cap?
8926 fundamental statistics
Market capNT$48.74b
Earnings (TTM)NT$3.02b
Revenue (TTM)NT$37.86b
16.1x
P/E Ratio
1.3x
P/S Ratio

Is 8926 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8926 income statement (TTM)
RevenueNT$37.86b
Cost of RevenueNT$34.40b
Gross ProfitNT$3.46b
Other ExpensesNT$435.47m
EarningsNT$3.02b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.64
Gross Margin9.14%
Net Profit Margin7.99%
Debt/Equity Ratio106.0%

How did 8926 perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
59%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/22 17:04
End of Day Share Price 2026/09/22 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Taiwan Cogeneration Corporation is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Raymond HsuTaiwan Ratings Corp.

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