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STOCK COMPARISON

Shinhsiung Natural Gas vs Naturgy Energy Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shinhsiung Natural Gas (8908) and Naturgy Energy Group (NTGY) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Shinhsiung Natural Gas trades at TWD 39.90 versus a fair value of TWD 33.57 (-16%), while Naturgy Energy Group trades at €28.62 versus €35.80 (+25%).
Shinhsiung Natural Gas
8908.TWO · TWD · Utilities
-16%
upside to fair value
overvalued
PriceTWD 39.90
Fair ValueTWD 33.57
Quality49/100
Naturgy Energy Group
NTGY.MC · EUR · Utilities
+25%
upside to fair value
undervalued
Price€28.62
Fair Value€35.80
Quality55/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shinhsiung Natural GasNaturgy Energy Group
Valuation
18.3×P/E (TTM)13.0×
1.20×P/S (TTM)1.62×
2.74×P/B3.30×
10.5×EV/EBITDA7.9×
PEG6.40×
3.8%Dividend yield
TWD 1.50Dividend per share
Profitability
7%Net margin11%
8%Operating margin18%
16%Return on equity22%
5%Return on assets6%
Growth
-10%Revenue growth (YoY)-7%
12.9%Avg. growth/yr (3Y)-17.0%
10.4%Avg. growth/yr (5Y)4.9%
Balance & size
0.48×Debt / equity1.38×
$379MMarket cap$31B
expensiveGrowth qualityhealthy

Naturgy Energy Group leads: 5 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shinhsiung Natural Gasof which business quality 48 · market factors 48 Naturgy Energy Groupof which business quality 52 · market factors 67
ProfitabilityMargins and returns on capital today
44
45
Quality GrowthAre margins and returns improving?
56
37
CashflowEarnings quality: real cash, not paper profit
17
67
Fin. StrengthBalance sheet, leverage, solvency risk
61
30
InvestmentDisciplined investing over empire-building
55
71
Low VolatilityCalm price path (market factor)
90
94
MomentumPrice trend over the last 3–12 months (market factor)
37
51
52W MomentumDistance to the 52-week high (market factor)
19
63
Net IssuanceBuybacks instead of dilution
65
76

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shinhsiung Natural Gas

DCF ModelsTWD 21.36
Earnings-BasedTWD 22.34
MultiplesTWD 37.63
Asset-BasedTWD 9.63
Economic ProfitTWD 23.93
Growth EarningsTWD 34.88

14 of 15 models see the stock below the current price.

Naturgy Energy Group

DCF Models€30.77
Earnings-Based€26.55
Dividend Discount€23.41
Multiples€40.20
Asset-Based€6.76
Growth DCF€32.80
Economic Profit€20.95
Growth Earnings€30.66

11 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shinhsiung Natural Gas
Bear TWD 23.23Fair Value TWD 33.57Bull TWD 43.91
TWD 39.90 = current price (white tick)
Naturgy Energy Group
Bear €21.46Fair Value €35.80Bull €49.13
€28.62 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shinhsiung Natural Gas · Utilities

Quality score49 · above median
Fair value upside-16% · below median

Naturgy Energy Group · Utilities

Quality score55 · Top 25%
Fair value upside+25% · above median

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees Naturgy Energy Group as the more attractively valued of the two: Shinhsiung Natural Gas trades at TWD 39.90 versus a fair value of TWD 33.57 (-16%), while Naturgy Energy Group trades at €28.62 versus €35.80 (+25%).

Naturgy Energy Group has the higher quality score (55/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.