Hsin Tai Gas Co., Ltd. AI Stock Analysis
Hsin Tai Gas Co., Ltd. (8917) AI Stock Analysis
Hsin Tai Gas Co., Ltd.
(TPEx:8917)
Hsin Tai Gas scores solidly on fundamentals, led by a virtually debt-free balance sheet, consistent mid-teens return on equity and strong cash conversion, with free cash flow up 20.5% — the profile of a low-risk, income-oriented regulated utility. This is tempered by three years of margin compression that has pushed net income lower despite rising revenue, capping the financial score. The main drag is technical: the stock trades below all key moving averages with negative MACD and a weak Stochastic reading, reflecting a sustained downtrend. Valuation is balanced — an appealing 4.12% dividend yield is offset by a full 20.5x earnings multiple given shrinking profits. Overall, a dependable defensive holding for income, but earnings growth and price momentum both need to improve for a higher rating.
Hsin Tai Gas Co., Ltd. (8917) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.43B
- Dividend Yield
- 4.05%
- Average Volume (3M)
- 16.55K
- Price to Earnings (P/E)
- 20.8
- Beta (1Y)
- 0.04
- Revenue Growth
- -0.67%
- EPS Growth
- 16.86%
- Country
- TW
- Employees
- 188
- Sector
- General
- Sector Strength
- 55
- Industry
- Regulated Gas
Hsin Tai Gas Co., Ltd. Business Overview & Revenue Model
Company Description
Hsin Tai Gas Co., Ltd. operates as a natural gas provider throughout Taiwan. The company's activities encompass building natural gas distribution networks, offering sales and installation services for gas meters, and manufacturing and selling various...
Hsin Tai Gas Co., Ltd. Financial Statement Overview
Summary
Hsin Tai Gas combines a fortress balance sheet with dependable cash generation. Borrowings of just NT$13 million against NT$2.73 billion of equity leave it effectively debt-free — exceptionally conservative for a capital-intensive regulated utility — while return on equity has held steady in the 13–14% range for six years. Operating cash flow of NT$737 million is roughly double net income, and free cash flow rose 20.5% to NT$490 million, comfortably covering capital spending and dividends without external funding. The offset is profitability momentum: revenue grew 3.4% to NT$3.10 billion, but gross margin has compressed from 23.2% to 17.6% and net income has fallen for two consecutive years to NT$363 million, indicating growth is driven by passed-through gas costs rather than genuine earnings expansion. Stalled equity growth and lumpy capital expenditure cycles are secondary caveats.
Income Statement
67PositiveBalance Sheet
86Very PositiveCash Flow
81Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.01B | 3.10B | 2.77B | 2.58B | 2.54B | 2.30B |
| Gross Profit | 530.97M | 544.98M | 553.57M | 570.02M | 564.50M | 510.15M |
| EBITDA | 763.90M | 747.40M | 790.15M | 779.07M | 745.82M | 671.60M |
| Net Income | 406.41M | 363.26M | 383.92M | 387.37M | 367.95M | 326.36M |
Balance Sheet | ||||||
| Total Assets | 6.16B | 6.03B | 5.88B | 5.69B | 5.46B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 2.50B | 2.40B | 2.29B | 2.25B | 1.95B | 1.88B |
| Total Debt | 11.72M | 13.14M | 17.13M | 17.18M | 16.87M | 16.76M |
| Total Liabilities | 3.52B | 3.30B | 3.15B | 2.98B | 2.81B | 2.76B |
| Stockholders Equity | 2.63B | 2.73B | 2.72B | 2.71B | 2.64B | 2.41B |
Cash Flow | ||||||
| Free Cash Flow | 383.67M | 489.54M | 392.95M | 494.72M | 296.28M | 362.49M |
| Operating Cash Flow | 656.83M | 737.21M | 689.00M | 741.85M | 571.93M | 687.10M |
| Investing Cash Flow | -421.91M | -358.61M | -505.63M | -337.97M | -328.01M | -490.55M |
| Financing Cash Flow | -354.54M | -366.24M | -349.96M | -329.81M | -161.00M | -202.41M |
Hsin Tai Gas Co., Ltd. Peers Comparison
Overall Rating
TW:992670Outperform- TW:891766Neutral
TW:991863Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:9926 | 70Outperform | TWD 8.81B | 16.60 | ― | 4.30% | 1.02% | 11.37% |
| TW:8917 | 66Neutral | TWD 8.43B | 20.80 | ― | 4.05% | -0.67% | 16.86% |
| TW:9918 | 63Neutral | TWD 7.41B | 15.24 | ― | 3.60% | -1.20% | 39.54% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8917 | Hsin Tai Gas Co., Ltd. | 51.80 | -4.33 | -7.71% | |
| TW:9918 | Shin Shin Natural Gas Co., Ltd. | 41.65 | 3.27 | 8.52% | |
| TW:9926 | Shin Hai Gas Corporation | 48.85 | 1.16 | 2.43% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026