Hsin Kao Gas Co (TPE:9931) OCF Margin %: 39.33% (As of Dec. 2025) — 28% Above Median


TPE:9931 Hsin Kao Gas Co Ltd TPE:9931
82 GF Score
Price NT$34.80
GF Value NT$37.60
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsin Kao Gas Co OCF Margin %?

Hsin Kao Gas Co TPE:9931 +0.14% 82 OCF Margin % is 39.33% as of Dec. 2025, which is 28% above its 10-year median of 30.66. GuruFocus rates TPE:9931 with a GF Score™ of 82/100 and a GF Value™ of NT$37.60 (Fairly Valued). The stock has 4 warning signs investors should review. Among 499 Utilities - Regulated companies, Hsin Kao Gas Co ranks better than 86.97% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Hsin Kao Gas Co's Cash Flow from Operations for the three months ended in Dec. 2025 was NT$157 Mil. Hsin Kao Gas Co's Revenue for the three months ended in Dec. 2025 was NT$400 Mil. Therefore, Hsin Kao Gas Co's OCF Margin % for the quarter that ended in Dec. 2025 was 39.33%.

As of today, Hsin Kao Gas Co's current OCF Yield % is 16.71%.

The historical rank and industry rank for Hsin Kao Gas Co's OCF Margin % or its related term are showing as below:

TPE:9931' s OCF Margin % Range Over the Past 10 Years
Min: 26.09   Med: 30.66   Max: 49.42
Current: 43.55


During the past 13 years, the highest OCF Margin % of Hsin Kao Gas Co was 49.42%. The lowest was 26.09%. And the median was 30.66%.

TPE:9931's OCF Margin % is ranked better than
86.97% of 499 companies
in the Utilities - Regulated industry
Industry Median: 18.61 vs TPE:9931: 43.55


Hsin Kao Gas Co OCF Margin % Related Terms


Hsin Kao Gas Co OCF Margin % Historical Data

* Premium members only.

The historical data trend for Hsin Kao Gas Co's OCF Margin % 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 OCF Margin % Chart

Hsin Kao Gas Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.32 27.19 26.09 49.42 43.55

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
OCF Margin % 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 44.59 71.19 25.23 35.38 39.33

TPE:9931 vs ATO, NI, UGI: OCF Margin % Comparison

For the Utilities - Regulated Gas subindustry, Hsin Kao Gas Co's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hsin Kao Gas Co's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Hsin Kao Gas Co's OCF Margin % falls into.


TPE:9931
82GF Score
Hsin Kao Gas Co Ltd TPE:9931
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hsin Kao Gas Co OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Hsin Kao Gas Co's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=682.894/1568.123
=43.55 %

Hsin Kao Gas Co's OCF Margin for the quarter that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=157.497/400.491
=39.33 %

* 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 OCF Margin % →
What does a OCF Margin % of 39.33% mean?
Hsin Kao Gas Co (TPE:9931) has a OCF Margin % of 39.33% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Hsin Kao Gas Co and its competitors. This is 28% above median its historical median of 30.66. Over the past decade, Hsin Kao Gas Co's OCF Margin % has ranged from 26.09 to 49.42. According to the industry distribution chart, Hsin Kao Gas Co ranks #65 out of 499 companies in the Utilities - Regulated industry, placing it in the top 13%.
Is Hsin Kao Gas Co's OCF Margin % too high?
Hsin Kao Gas Co's current OCF Margin % of 39.33% is 28% above median its 10-year median of 30.66. Over the past 10 years, this metric has ranged from a low of 26.09 to a high of 49.42. The Utilities - Regulated industry median OCF Margin % is 18.61. Hsin Kao Gas Co's value of 39.33% is 111.3% above this industry median. Based on the distribution chart, Hsin Kao Gas Co ranks #65 out of 499 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 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kao Gas Co's OCF Margin % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hsin Kao Gas Co ranks #65 out of 499 companies for OCF Margin %. This places Hsin Kao Gas Co in the top 13% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 18.61. Hsin Kao Gas Co's value of 39.33% is 111.3% above this benchmark. Historically, Hsin Kao Gas Co's own OCF Margin % has ranged from 26.09 to 49.42 over the past decade. While the company's 10-year median is 30.66 vs. the industry median of 18.61, Hsin Kao Gas Co has consistently been above 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 OCF Margin % for an Utilities - Regulated company?
The median OCF Margin % among Utilities - Regulated companies is 18.61, based on 499 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hsin Kao Gas Co's current OCF Margin % of 39.33% is 111.3% above 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Hsin Kao Gas Co and its competitors. For the Utilities - Regulated industry, the median OCF Margin % is 18.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kao Gas Co's current OCF Margin % is 39.33%, which is 28% above median its own 10-year median of 30.66. 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 Fairly Valued. The stock's GF Value™ is NT$37.60, compared to a current price of NT$34.80 — trading 7.4% below its estimated fair value. The current OCF Margin % is 39.33%, which is 28% above median its 10-year median of 30.66 and 111.3% above the Utilities - Regulated industry median of 18.61. Hsin Kao Gas Co's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Hsin Kao Gas Co (TPE:9931), the current OCF Margin % is 39.33% as of Dec. 2025. 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$34.80 is trading 7.4% below its estimated GF Value™ of NT$37.60. GuruFocus considers Hsin Kao Gas Co to be Fairly Valued.

Key valuation signals for TPE:9931:

  • OCF Margin %: 39.33% (28% above median its 10-year median of 30.66)
  • GF Value™: NT$37.60 vs. price of NT$34.80 (7.4% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 111.3% above the Utilities - Regulated median (#65 of 499)

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.
82GF Score

Get the complete analysis for TPE:9931

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$34.80
Price
NT$37.60
GF Value