Shin Hai Gas Valuation

Is 9926 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9926 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9926 (NT$52.9) is trading above our estimate of fair value (NT$27.36)

Significantly Below Fair Value: 9926 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9926?

Key metric: As 9926 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9926. This is calculated by dividing 9926's market cap by their current earnings.
What is 9926's PE Ratio?
PE Ratio	19.4x
Earnings	NT$489.86m
Market Cap	NT$9.50b

9926 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.8x
Enterprise Value/EBITDA	7.7x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 9926's PE Ratio compare to its peers?

The above table shows the PE ratio for 9926 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	21.9x
8917 Hsin Tai Gas	26.5x	n/a	NT$10.2b
9918 Shin Shin Natural Gas	18x	n/a	NT$7.2b
8908 ShinHsiung Natural Gas	27.6x	n/a	NT$14.8b
9908 Great Taipei Gas	15.4x	n/a	NT$15.2b
9926 Shin Hai Gas	19.4x	n/a	NT$9.5b

Price-To-Earnings vs Peers: 9926 is good value based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does 9926's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 9926 is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the Asian Gas Utilities industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is 9926's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9926 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	19.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 9926's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.