There's Been No Shortage Of Growth Recently For Evergreen Marine Corporation (Taiwan)'s (TWSE:2603) Returns On Capital
Jan 03
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Taiwanese (TAIEX) Market Analysis & Valuation
UpdatedJan 04, 2025
DataAggregated Company Financials
Companies2218
- 7D-1.5%
- 3M1.9%
- 1Y28.3%
- YTD0.3%
Over the last 7 days, the market has dropped 1.8%, driven by pullbacks in every sector, especially the Information Technology sector. In contrast to the last week, the market is actually up 28% over the past year. Looking forward, earnings are forecast to grow by 19% annually.
Market Valuation and Performance
Has the Taiwanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 Jan 2025 | NT$81.0t | NT$45.1t | NT$3.7t | 20.8x | 22x | 1.8x |
| Mon, 02 Dec 2024 | NT$79.0t | NT$45.0t | NT$3.7t | 20.9x | 21.4x | 1.8x |
| Wed, 30 Oct 2024 | NT$81.0t | NT$43.2t | NT$3.6t | 21.2x | 22.5x | 1.9x |
| Fri, 27 Sep 2024 | NT$80.7t | NT$42.9t | NT$3.5t | 21.6x | 23.2x | 1.9x |
| Sun, 25 Aug 2024 | NT$78.3t | NT$42.9t | NT$3.4t | 21.4x | 22.9x | 1.8x |
| Tue, 23 Jul 2024 | NT$78.5t | NT$41.6t | NT$3.3t | 22.7x | 24.1x | 1.9x |
| Thu, 20 Jun 2024 | NT$81.5t | NT$41.4t | NT$3.2t | 22.7x | 25.5x | 2x |
| Sat, 18 May 2024 | NT$74.7t | NT$41.5t | NT$3.1t | 22.7x | 24.3x | 1.8x |
| Mon, 15 Apr 2024 | NT$73.2t | NT$41.1t | NT$2.9t | 23.6x | 25.1x | 1.8x |
| Wed, 13 Mar 2024 | NT$70.2t | NT$41.2t | NT$2.8t | 22.4x | 25x | 1.7x |
| Fri, 09 Feb 2024 | NT$63.9t | NT$41.2t | NT$2.8t | 21.2x | 23.2x | 1.6x |
| Sun, 07 Jan 2024 | NT$61.8t | NT$41.2t | NT$2.8t | 21.1x | 21.9x | 1.5x |
| Tue, 05 Dec 2023 | NT$61.5t | NT$41.0t | NT$2.8t | 21.3x | 21.9x | 1.5x |
| Thu, 02 Nov 2023 | NT$56.6t | NT$41.8t | NT$3.0t | 18.7x | 19.2x | 1.4x |
| Sat, 30 Sep 2023 | NT$57.6t | NT$42.0t | NT$3.1t | 19.4x | 18.8x | 1.4x |
| Mon, 28 Aug 2023 | NT$57.7t | NT$41.8t | NT$3.0t | 19.2x | 19x | 1.4x |
| Wed, 26 Jul 2023 | NT$60.3t | NT$43.0t | NT$3.3t | 19.1x | 18x | 1.4x |
| Fri, 23 Jun 2023 | NT$60.3t | NT$42.9t | NT$3.4t | 18.8x | 17.6x | 1.4x |
| Sun, 21 May 2023 | NT$56.7t | NT$43.2t | NT$3.7t | 17x | 15.4x | 1.3x |
| Tue, 18 Apr 2023 | NT$56.3t | NT$43.3t | NT$4.0t | 16.9x | 14.2x | 1.3x |
| Thu, 16 Mar 2023 | NT$53.9t | NT$44.0t | NT$4.4t | 14.9x | 12.3x | 1.2x |
| Sat, 11 Feb 2023 | NT$54.4t | NT$44.3t | NT$4.6t | 14.1x | 11.9x | 1.2x |
| Mon, 09 Jan 2023 | NT$50.3t | NT$44.2t | NT$4.5t | 13.3x | 11.2x | 1.1x |
| Wed, 07 Dec 2022 | NT$51.3t | NT$44.1t | NT$4.5t | 13.5x | 11.4x | 1.2x |
| Fri, 04 Nov 2022 | NT$45.7t | NT$44.3t | NT$4.7t | 13.1x | 9.8x | 1x |
| Sun, 02 Oct 2022 | NT$47.9t | NT$43.9t | NT$4.5t | 13.5x | 10.6x | 1.1x |
| Tue, 30 Aug 2022 | NT$52.2t | NT$44.4t | NT$4.6t | 14.6x | 11.4x | 1.2x |
| Thu, 28 Jul 2022 | NT$51.8t | NT$43.7t | NT$4.6t | 14.4x | 11.3x | 1.2x |
| Sat, 25 Jun 2022 | NT$52.8t | NT$43.5t | NT$4.5t | 14.5x | 11.8x | 1.2x |
| Mon, 23 May 2022 | NT$55.8t | NT$43.8t | NT$4.5t | 15x | 12.3x | 1.3x |
| Wed, 20 Apr 2022 | NT$58.7t | NT$42.7t | NT$4.4t | 16.3x | 13.4x | 1.4x |
| Fri, 18 Mar 2022 | NT$60.4t | NT$42.6t | NT$4.2t | 16.5x | 14.2x | 1.4x |
| Sun, 13 Feb 2022 | NT$63.2t | NT$42.1t | NT$4.1t | 17.2x | 15.5x | 1.5x |
| Tue, 11 Jan 2022 | NT$63.1t | NT$41.9t | NT$4.0t | 17.2x | 15.8x | 1.5x |
Price to Earnings Ratio
15.8x
Current Market PE
- Investors are optimistic on the Taiwanese market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 22.1x which is higher than its 3-year average PE of 17.7x.
Past Earnings Growth
- The earnings for Taiwanese listed companies have declined 2.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Taiwanese Market?
| TW Market | -1.53% | |
| Industrials | 0.12% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Healthcare | -0.19% | |
| Utilities | -0.23% | |
| Consumer Discretionary | -0.41% | |
| Financials | -0.70% | |
| Telecom | -1.35% | |
| Real Estate | -1.36% | |
| Tech | -1.87% | |
| Consumer Staples | -1.90% | |
| Energy | -2.28% | |
| Materials | -2.87% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 174x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 49.6%, which is higher than its past year's earnings growth of 7.4% per year.
- The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.7x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 73% over the next 5 years.
- This is better than its past earnings growth rate of 52% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 2603 Evergreen Marine Corporation (Taiwan) | NT$231.50 | 2.4% +NT$11.9b | 42.5% | PE4.5x | Industrials | |
| 2615 Wan Hai Lines | NT$84.70 | 4.6% +NT$10.4b | 46.3% | PE7.7x | Industrials | |
| 5871 Chailease Holding | NT$117.00 | 4.0% +NT$8.2b | -37.2% | PE9.1x | Financials | |
| 9941 Yulon Finance | NT$117.50 | 13.5% +NT$7.7b | -37.0% | PE13.1x | Financials | |
| 8464 Nien Made Enterprise | NT$400.00 | 6.7% +NT$7.3b | 17.8% | PE18.4x | Consumer Discretionary |
