Hsin Kao Gas Co (TPE:9931) EV-to-FCF: 8.57 (As of Jul. 08, 2026) — 51% Below Median


TPE:9931 Hsin Kao Gas Co Ltd TPE:9931
90 GF Score
Price NT$33.15
GF Value NT$37.70
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Hsin Kao Gas Co EV-to-FCF?

Hsin Kao Gas Co TPE:9931 -0.90% 90 EV-to-FCF is 8.57 as of Jul. 08, 2026, which is 51% below its 10-year median of 17.41. GuruFocus rates TPE:9931 with a GF Score™ of 90/100 and a GF Value™ of NT$37.70 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 298 Utilities - Regulated companies, Hsin Kao Gas Co ranks better than 79.87% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Hsin Kao Gas Co's Enterprise Value is NT$3,026 Mil. Hsin Kao Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$353 Mil. Therefore, Hsin Kao Gas Co's EV-to-FCF for today is 8.57.

The historical rank and industry rank for Hsin Kao Gas Co's EV-to-FCF or its related term are showing as below:

TPE:9931' s EV-to-FCF Range Over the Past 10 Years
Min: 4.65   Med: 17.41   Max: 77.08
Current: 8.57

During the past 13 years, the highest EV-to-FCF of Hsin Kao Gas Co was 77.08. The lowest was 4.65. And the median was 17.41.

TPE:9931's EV-to-FCF is ranked better than
79.87% of 298 companies
in the Utilities - Regulated industry
Industry Median: 18.62 vs TPE:9931: 8.57

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-08), Hsin Kao Gas Co's stock price is NT$33.15. Hsin Kao Gas Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2.440. Therefore, Hsin Kao Gas Co's PE Ratio (TTM) for today is 13.59.


Hsin Kao Gas Co  (TPE:9931) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Hsin Kao Gas Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=33.15/2.440
=13.59

Hsin Kao Gas Co's share price for today is NT$33.15.
Hsin Kao Gas Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2.440.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Hsin Kao Gas Co EV-to-FCF Related Terms


Hsin Kao Gas Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Hsin Kao Gas Co's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hsin Kao Gas Co EV-to-FCF Chart

Hsin Kao Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.83 31.30 51.96 4.69 8.47

Hsin Kao Gas Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.69 5.42 7.54 8.54 8.47

TPE:9931 vs ATO, NI, UGI: EV-to-FCF Comparison

For the Utilities - Regulated Gas subindustry, Hsin Kao Gas Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hsin Kao Gas Co EV-to-FCF vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hsin Kao Gas Co's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Hsin Kao Gas Co's EV-to-FCF falls into.


TPE:9931
90GF Score
Hsin Kao Gas Co Ltd TPE:9931
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hsin Kao Gas Co EV-to-FCF Calculation

Hsin Kao Gas Co's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3026.309/353.312
=8.57

Hsin Kao Gas Co's current Enterprise Value is NT$3,026 Mil.
Hsin Kao Gas Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$353 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 8.57 mean?
Hsin Kao Gas Co (TPE:9931) has a EV-to-FCF of 8.57 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hsin Kao Gas Co and its competitors. This is 51% below median its historical median of 17.41. Over the past decade, Hsin Kao Gas Co's EV-to-FCF has ranged from 4.65 to 77.08. According to the industry distribution chart, Hsin Kao Gas Co ranks #60 out of 298 companies in the Utilities - Regulated industry, placing it in the top 20.1%.
Is Hsin Kao Gas Co's EV-to-FCF too high?
Hsin Kao Gas Co's current EV-to-FCF of 8.57 is 51% below median its 10-year median of 17.41. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 77.08. The Utilities - Regulated industry median EV-to-FCF is 18.62. Hsin Kao Gas Co's value of 8.57 is 54% below this industry median. Based on the distribution chart, Hsin Kao Gas Co ranks #60 out of 298 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hsin Kao Gas Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kao Gas Co's EV-to-FCF compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hsin Kao Gas Co ranks #60 out of 298 companies for EV-to-FCF. This places Hsin Kao Gas Co in the top 20% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 18.62. Hsin Kao Gas Co's value of 8.57 is 54% below this benchmark. Historically, Hsin Kao Gas Co's own EV-to-FCF has ranged from 4.65 to 77.08 over the past decade. While the company's 10-year median is 17.41 vs. the industry median of 18.62, Hsin Kao Gas Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Utilities - Regulated company?
The median EV-to-FCF among Utilities - Regulated companies is 18.62, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hsin Kao Gas Co's current EV-to-FCF of 8.57 is 54% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hsin Kao Gas Co and its competitors. For the Utilities - Regulated industry, the median EV-to-FCF is 18.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kao Gas Co's current EV-to-FCF is 8.57, which is 51% below median its own 10-year median of 17.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kao Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kao Gas Co (TPE:9931) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$37.70, compared to a current price of NT$33.15 — trading 12.1% below its estimated fair value. The current EV-to-FCF is 8.57, which is 51% below median its 10-year median of 17.41 and 54% below the Utilities - Regulated industry median of 18.62. Hsin Kao Gas Co's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Hsin Kao Gas Co (TPE:9931), the current EV-to-FCF is 8.57 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hsin Kao Gas Co (TPE:9931) Overvalued in 2026?

Based on GuruFocus' analysis, Hsin Kao Gas Co stock appears to be undervalued. The current stock price of NT$33.15 is trading 12.1% below its estimated GF Value™ of NT$37.70. GuruFocus considers Hsin Kao Gas Co to be Modestly Undervalued.

Key valuation signals for TPE:9931:

  • EV-to-FCF: 8.57 (51% below median its 10-year median of 17.41)
  • GF Value™: NT$37.70 vs. price of NT$33.15 (12.1% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 54% below the Utilities - Regulated median (#60 of 298)

No single metric tells the full story. See the TPE:9931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsin Kao Gas Co Business Description

Address No.12, Minquan 1st Road, Lingya District, Kaohsiung, TWN, 802037
Hsin Kao Gas Co Ltd is a Taiwan-based company mainly engaged in the sale of natural gas and the installation of gas pipelines. The Company sells natural gas and transports the natural gas imported by CPC Corp Taiwan to residential and commercial users in the operating area through gas pipelines for use as fuel. The business scope mainly targets industrial, commercial and general household users in the nine administrative districts of Kaohsiung City, including Sanmin, Qianjin, Xinxing, Lingya, Qianzhen, Gushan, Zuoying, Nanzi and Yancheng.
90GF Score

Get the complete analysis for TPE:9931

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$33.15
Price
NT$37.70
GF Value