EN DE
STOCK COMPARISON

Shin Hai Gas vs Naturgy Energy Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shin Hai Gas (9926) 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: Shin Hai Gas trades at TWD 49.30 versus a fair value of TWD 40.50 (-18%), while Naturgy Energy Group trades at €28.62 versus €35.80 (+25%).
Shin Hai Gas
9926.TW · TWD · Utilities
-18%
upside to fair value
overvalued
PriceTWD 49.30
Fair ValueTWD 40.50
Quality57/100
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).

Shin Hai GasNaturgy Energy Group
Valuation
18.3×P/E (TTM)13.0×
3.58×P/S (TTM)1.62×
2.08×P/B3.30×
9.9×EV/EBITDA7.9×
PEG6.40×
4.3%Dividend yield
TWD 2.10Dividend per share
Profitability
20%Net margin11%
19%Operating margin18%
11%Return on equity22%
3%Return on assets6%
Growth
-1%Revenue growth (YoY)-7%
3.4%Avg. growth/yr (3Y)-17.0%
2.4%Avg. growth/yr (5Y)4.9%
Balance & size
Debt / equity1.38×
$274MMarket cap$31B
expensiveGrowth qualityhealthy

Naturgy Energy Group leads: 5 to 6 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.

Shin Hai Gasof which business quality 57 · market factors 52 Naturgy Energy Groupof which business quality 52 · market factors 67
ProfitabilityMargins and returns on capital today
39
45
Quality GrowthAre margins and returns improving?
36
37
CashflowEarnings quality: real cash, not paper profit
67
67
Fin. StrengthBalance sheet, leverage, solvency risk
66
30
InvestmentDisciplined investing over empire-building
48
71
Low VolatilityCalm price path (market factor)
97
94
MomentumPrice trend over the last 3–12 months (market factor)
40
51
52W MomentumDistance to the 52-week high (market factor)
24
63
Net IssuanceBuybacks instead of dilution
82
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.

Shin Hai Gas

DCF ModelsTWD 35.23
Earnings-BasedTWD 28.51
Dividend DiscountTWD 23.68
MultiplesTWD 41.20
Asset-BasedTWD 15.78
Growth DCFTWD 31.83
Economic ProfitTWD 23.38
Growth EarningsTWD 37.20

23 of 24 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.

Shin Hai Gas
Bear TWD 28.30Fair Value TWD 40.50Bull TWD 53.01
TWD 49.30 = current price (white tick)
Naturgy Energy Group
Bear €21.46Fair Value €35.80Bull €49.13
€28.62 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

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

Shin Hai Gas · Utilities

Quality score57 · Top 25%
Fair value upside-18% · 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: Shin Hai Gas trades at TWD 49.30 versus a fair value of TWD 40.50 (-18%), while Naturgy Energy Group trades at €28.62 versus €35.80 (+25%).

Shin Hai Gas has the higher quality score (57/100).

See the full analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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