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H

Hsin Kao Gas Co 9931.TW · TWD

Utilities · Taiwan Stock Exchange · 🇹🇼 Taiwan

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34.20

+0.44%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.57bn

FY2016FY2025

Net income

TWD 294.6m

FY2016FY2025

Free cash flow

TWD 374.4m

FY2016FY2025

Shareholders' equity

TWD 3.31bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.57bnTWD 1.95bnTWD 1.23bnTWD 1.25bnTWD 1.19bnTWD 1.23bnTWD 1.46bnTWD 1.49bnTWD 1.23bnTWD 1.09bn
Gross profitTWD 285.0mTWD 420.1mTWD 232.7mTWD 226.3mTWD 232.3mTWD 221.3mTWD 257.0mTWD 272.7mTWD 215.3mTWD 191.5m
Operating incomeTWD 196.6mTWD 296.3mTWD 170.6mTWD 220.6mTWD 291.2mTWD 240.4mTWD 246.6mTWD 205.7mTWD 137.1mTWD 111.8m
Net incomeTWD 294.6mTWD 344.1mTWD 173.2mTWD 173.3mTWD 237.4mTWD 190.8mTWD 193.0mTWD 211.7mTWD 172.8mTWD 185.6m
Diluted earnings per share2.362.851.441.442.151.721.751.921.561.71

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 6.71bnTWD 6.29bnTWD 6.10bnTWD 5.50bnTWD 5.21bnTWD 4.79bnTWD 4.45bnTWD 4.12bnTWD 3.89bnTWD 3.60bn
Cash and short-term investmentsTWD 1.52bnTWD 1.25bnTWD 1.02bnTWD 775.4mTWD 890.7mTWD 853.1mTWD 764.2mTWD 870.1mTWD 625.5mTWD 560.0m
Total liabilitiesTWD 3.28bnTWD 3.17bnTWD 3.41bnTWD 3.10bnTWD 2.75bnTWD 2.56bnTWD 2.38bnTWD 2.19bnTWD 2.09bnTWD 1.89bn
DebtTWD 283.5mTWD 240.2mTWD 330.6mTWD 543.4mTWD 281.3mTWD 119.4mTWD 61.2mTWD 40.1mTWD 107.6mTWD 53.4m
Shareholders' equityTWD 3.31bnTWD 3.05bnTWD 2.64bnTWD 2.36bnTWD 2.41bnTWD 2.19bnTWD 2.03bnTWD 1.89bnTWD 1.77bnTWD 1.68bn
Shares outstanding125m121m120m121m110m111m110m110m110m108m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 682.9mTWD 962.9mTWD 320.8mTWD 339.2mTWD 361.8mTWD 463.4mTWD 451.2mTWD 656.1mTWD 337.4mTWD 313.5m
Capital spending−TWD 308.5m−TWD 285.4m−TWD 233.6m−TWD 204.4m−TWD 262.4m−TWD 281.8m−TWD 347.3m−TWD 198.7m−TWD 160.2m−TWD 218.8m
Free cash flowTWD 374.4mTWD 677.5mTWD 87.2mTWD 134.7mTWD 99.4mTWD 181.7mTWD 103.9mTWD 457.4mTWD 177.1mTWD 94.8m
Dividends paid−TWD 216.7m−TWD 120.4m−TWD 33.1m−TWD 154.6m−TWD 143.6m−TWD 51.1m−TWD 132.9m−TWD 122.7m−TWD 122.7m−TWD 102.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 427.4mTWD 429.5mTWD 400.5mTWD 369.4mTWD 377.6mTWD 420.6mTWD 332.7mTWD 336.9m
Gross profitTWD 82.5mTWD 71.7mTWD 63.0mTWD 51.2mTWD 83.3mTWD 84.7mTWD 44.8mTWD 65.9m
Operating incomeTWD 51.8mTWD 49.5mTWD 43.4mTWD 33.5mTWD 58.0mTWD 61.7mTWD 24.9mTWD 45.0m
Net incomeTWD 94.2mTWD 83.4mTWD 70.8mTWD 96.6mTWD 35.9mTWD 91.2mTWD 105.3mTWD 63.5m
Diluted earnings per share0.760.680.570.770.290.730.870.53
Cash from operationsTWD 147.0mTWD 220.0mTWD 157.0mTWD 130.0mTWD 95.0mTWD 299.0mTWD 148.0mTWD 168.0m
Capital spending−TWD 82.0m−TWD 81.0m−TWD 67.0m−TWD 75.0m−TWD 79.0m−TWD 85.0m−TWD 61.0m−TWD 79.0m
Free cash flowTWD 65.0mTWD 139.0mTWD 90.0mTWD 55.0mTWD 16.0mTWD 214.0mTWD 87.0mTWD 89.0m
Total assetsTWD 7.64bnTWD 6.94bnTWD 6.71bnTWD 6.49bnTWD 6.50bnTWD 6.47bnTWD 6.29bnTWD 6.07bn
Cash and short-term investmentsTWD 2.32bnTWD 1.72bnTWD 1.52bnTWD 1.35bnTWD 1.37bnTWD 1.44bnTWD 1.25bnTWD 1.16bn
DebtTWD 303.2mTWD 283.2mTWD 283.5mTWD 283.5mTWD 193.8mTWD 193.4mTWD 193.0mTWD 232.7m
Shareholders' equityTWD 3.88bnTWD 3.45bnTWD 3.31bnTWD 3.12bnTWD 2.97bnTWD 3.13bnTWD 3.05bnTWD 2.90bn

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin18.2%21.6%18.9%18.1%19.5%18.0%
Operating margin12.5%18.6%17.7%17.9%21.3%19.5%
Net margin18.8%17.7%14.1%13.9%19.9%15.5%
Return on equity8.9%11.3%6.6%7.4%9.8%8.7%
Return on assets4.4%5.5%2.8%3.2%4.6%4.0%
Free cash flow yield16.1%23.5%7.9%8.3%9.7%12.3%
Revenue growth-19.5%58.6%-1.6%4.6%-3.2%-15.3%
Earnings growth-14.4%98.7%-0.0%-27.0%24.4%-1.1%
Current ratio1.03x0.99x0.85x0.81x0.91x0.89x
Debt to equity0.09x0.06x0.25x0.21x0.10x0.05x
Equity ratio49.3%48.5%43.3%42.8%46.3%45.7%
Interest coverage435.92x86.11x88.81x296.11x703.10x5342.36x
Buybacks as a share of market value-3.5%-0.3%0.2%-9.2%0.5%-0.9%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.9%4.9%2.2%
Operating income-3.8%-3.9%3.7%
Net income19.3%9.1%6.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin20.1%19.4%19.2%18.6%
Operating margin14.0%14.8%16.8%15.1%
Net margin18.2%16.4%16.8%15.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings14.412.027.525.517.123.517.214.217.015.6
Price to sales2.72.13.93.53.43.62.32.02.42.6

Dividends and splits

Per share, in the currency the company pays

Paid for 27 years. Last went ex-dividend on 23 Jun 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year1.801.000.2751.2841.1930.4251.1041.019
  • 1.09-for-1 split · 23 Aug 2023
  • 27-for-25 split · 14 Aug 2020
  • 27-for-25 split · 22 Aug 2014
  • 1.02-for-1 split · 19 Sept 2001
  • 1.04-for-1 split · 1 Aug 2000

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.