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Size National Petroleum (9937.TW) is a Taiwan Industrials company (Wholesale Distributors) with a market value of $508M, the 441st largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$54.40 on 6 Nov 2026.
Performance Over six months the shares fell 3.7%, against -4.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +5.0%); the operating margin is 3.6% (peer median 3.8%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 0.9× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$22.9B | NT$22.5B | NT$24.0B | NT$24.5B | NT$24.2B |
| Revenue growth | — | -6% | -2% | +2% | — |
| Gross profit | NT$2.26B | NT$2.20B | NT$2.19B | NT$2.16B | NT$2.00B |
| EBITDA | NT$1.42B | NT$1.36B | NT$1.39B | NT$1.41B | NT$1.36B |
| Net income | NT$795M | NT$730M | NT$738M | NT$783M | NT$725M |
| Free cash flow | NT$1.81B | NT$847M | NT$786M | NT$1.11B | NT$1.37B |
| Capital expenditure | NT$94.5M | NT$145M | NT$394M | NT$473M | NT$300M |
| Total debt | NT$2.14B | NT$2.17B | NT$2.38B | NT$2.28B | NT$2.30B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9937.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -6.5% | 3rd highest of 21 |
| 6-month return | -3.7% | -4.3% | 9th highest of 20 |
| Distance from 52-week high | -16.3% | -29.3% | 6th highest of 21 |
| Revenue growth (TTM) | -2.7% | +5.0% | 6th lowest of 21 |
| Operating margin | 3.6% | 3.8% | 11th highest of 21 |
| EV / Sales | 0.8× | 0.9× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -0.2% | -0.8% | 8th least demanding of 15 |
| Growth delivered (Del g) | +4.2% | +7.6% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | -4.4 pp | -5.1 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | +5.5 pp | -1.0 pp | 2nd highest of 21 |
| EV / EBITDA | 12.4× | 8.9× | 3rd most expensive of 9 |
| Net debt / EBITDA | 0.6× | 2.1× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| National Petroleum 9937.TW | Taiwan | $508M | -4% | -3% | 4% | 0.8× | -0.2% | +4.2% |
| Xinjiang Hongtong Natural Gas 605169.SS | China | $514M | -4% | -5% | 6% | 1.0× | 6.6% | +31.5% |
| Wajax WJX.TO | Canada | $503M | +11% | -4% | 6% | 0.6× | -6.8% | +8.6% |
| Zhejiang Jindao Technology 301279.SZ | China | $516M | -9% | +12% | 10% | 4.2× | n/a | n/a |
| Salix SALIX.ST | Sweden | $521M | n/a | +15% | 8% | 1.8× | 1.1% | +14.7% |
| Titan Machinery TITN | United States | $521M | +3% | -11% | 0% | 0.6× | -11.7% | +11.5% |
| Doright 300950.SZ | China | $522M | -24% | +9% | 7% | 6.7× | 37.0% | +17.4% |
| China National Complete Plant Import & Export 000151.SZ | China | $524M | -16% | +16% | 1% | 2.3× | n/a | n/a |
| Jacquet Metals JCQ.PA | France | $493M | -4% | -2% | 3% | 0.4× | 1.4% | +6.2% |
| Nichiden 9902.T | Japan | $532M | +22% | +9% | 5% | 0.5× | -3.8% | +6.5% |
| Shinsho 8075.T | Japan | $485M | +24% | +4% | 2% | 0.2× | -3.3% | -5.0% |
| Haypp HAYPP.ST | Sweden | $485M | +5% | +16% | 1% | 1.2× | 35.0% | +17.4% |
| Kunshan TopA Intelligent Equipment 300836.SZ | China | $534M | -36% | +111% | 10% | 3.5× | n/a | n/a |
| Grand Industrial 000626.SZ | China | $536M | -24% | -7% | 0% | 0.1× | n/a | n/a |
| Ananda Drive Techniques (Shanghai) 603350.SS | China | $481M | -21% | +6% | 4% | 1.4× | n/a | n/a |
| Gansu Engineering Consulting 000779.SZ | China | $539M | -11% | +6% | 4% | 0.9× | -2.8% | -3.7% |
| Huitongda Network 9878.HK | Hong Kong | $480M | -6% | +3% | 1% | 0.2× | -5.1% | +0.3% |
| BlueLinx BXC | United States | $477M | +16% | +4% | 1% | 0.3× | 13.3% | -0.9% |
| Shanghai Material Trading 600822.SS | China | $548M | -12% | -47% | -1% | 1.9× | 31.1% | -26.6% |
| Siix 7613.T | Japan | $471M | +23% | 0% | 3% | 0.3× | -8.8% | +9.8% |
| ACG Metals ACG.L | United Kingdom | $548M | +15% | +16% | 44% | 4.5× | n/a | n/a |