Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 18,6x - 20,6x | 19,6x |
| Selected Fwd EBIT Multiple | 12,1x - 13,4x | 12,7x |
| Fair Value | NT$ 47,92 - NT$ 53,14 | NT$ 50,53 |
| Upside | 14,5% - 27,0% | 20,7% |
| Benchmarks | Ticker | Full Ticker |
| Hsin Kao Gas Co.,Ltd. | 9931 | TWSE:9931 |
| HIROSHIMA GAS Co.,Ltd. | 9535 | TSE:9535 |
| Saibu Gas Holdings Co.,Ltd. | 9536 | TSE:9536 |
| Union Gas Holdings Limited | 1F2 | SGX:1F2 |
| Superior Plus Corp. | SPB | TSX:SPB |
| ShinHsiung Natural Gas Inc. | 8908 | TPEX:8908 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 9931 | 9535 | 9536 | 1F2 | SPB | 8908 | ||
| TWSE:9931 | TSE:9535 | TSE:9536 | SGX:1F2 | TSX:SPB | TPEX:8908 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | 9.4% | -15.9% | 5.4% | 9.1% | -4.1% | 8.0% | |
| 3Y CAGR | 21.3% | -26.9% | 179.2% | 31.4% | 22.3% | 6.8% | |
| Latest Twelve Months | 45.9% | -60.7% | 5.3% | -4.2% | 12.8% | 21.2% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 13.7% | 4.3% | 2.8% | 9.3% | 7.6% | 8.8% | |
| Prior Fiscal Year | 13.9% | 3.5% | 3.7% | 11.6% | 8.1% | 9.5% | |
| Latest Fiscal Year | 15.2% | 1.4% | 3.9% | 11.4% | 8.3% | 9.1% | |
| Latest Twelve Months | 16.4% | 1.4% | 3.9% | 11.4% | 8.8% | 8.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.64x | 0.27x | 0.79x | 0.97x | 1.36x | 1.47x | |
| EV / LTM EBITDA | 5.5x | 2.8x | 6.9x | 5.8x | 7.6x | 11.0x | |
| EV / LTM EBIT | 10.0x | 19.9x | 20.5x | 8.5x | 15.3x | 16.4x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | 8.5x | 15.3x | 20.5x | ||||
| Historical EV / LTM EBIT | 21.8x | 23.1x | 28.6x | ||||
| Selected EV / LTM EBIT | 18.6x | 19.6x | 20.6x | ||||
| (x) LTM EBIT | 812 | 812 | 812 | ||||
| (=) Implied Enterprise Value | 15,122 | 15,918 | 16,714 | ||||
| (-) Non-shareholder Claims * | (487) | (487) | (487) | ||||
| (=) Equity Value | 14,636 | 15,432 | 16,228 | ||||
| (/) Shares Outstanding | 306.1 | 306.1 | 306.1 | ||||
| Implied Value Range | 47.81 | 50.41 | 53.01 | ||||
| FX Rate: TWD/TWD | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 47.81 | 50.41 | 53.01 | 41.85 | |||
| Upside / (Downside) | 14.2% | 20.4% | 26.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 9931 | 9535 | 9536 | 1F2 | SPB | 8908 | |
| Enterprise Value | 2,820 | 24,968 | 201,779 | 122 | 3,297 | 13,299 | |
| (+) Cash & Short Term Investments | 1,437 | 20,615 | 29,475 | 13 | 33 | 1,093 | |
| (+) Investments & Other | 294 | 19,356 | 76,224 | 0 | 0 | 364 | |
| (-) Debt | (241) | (38,073) | (233,935) | (33) | (1,797) | (1,844) | |
| (-) Other Liabilities | (73) | (3,336) | (7,877) | (0) | (260) | (100) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 4,237 | 23,530 | 65,666 | 102 | 1,273 | 12,812 | |
| (/) Shares Outstanding | 120.4 | 68.6 | 37.0 | 317.5 | 228.2 | 306.1 | |
| Implied Stock Price | 35.20 | 343.00 | 1,773.00 | 0.32 | 5.58 | 41.85 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.72 | 1.00 | |
| Implied Stock Price (Trading Cur) | 35.20 | 343.00 | 1,773.00 | 0.32 | 7.78 | 41.85 | |
| Trading Currency | TWD | JPY | JPY | SGD | CAD | TWD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 0.72 | 1.00 | |