Taiwanese (TAIEX) Market Analysis & Valuation
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies2146
- 7D-3.3%
- 3M-5.0%
- 1Y15.1%
- YTD14.9%
Over the last 7 days, the market has dropped 3.3%, driven by declines in every sector, especially the Information Technology sector. In the last year, the market is actually up 15%. As for the next few years, earnings are expected to grow by 19% per annum.
Market Valuation and Performance
Has the Taiwanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | NT$57.6t | NT$42.0t | NT$3.1t | 19.4x | 18.8x | 1.4x |
| Tue, 22 Aug 2023 | NT$57.4t | NT$41.8t | NT$3.0t | 19.2x | 19x | 1.4x |
| Thu, 20 Jul 2023 | NT$60.1t | NT$43.1t | NT$3.4t | 19x | 17.6x | 1.4x |
| Sat, 17 Jun 2023 | NT$60.7t | NT$42.9t | NT$3.4t | 18.7x | 17.7x | 1.4x |
| Mon, 15 May 2023 | NT$54.6t | NT$43.0t | NT$3.9t | 16.7x | 14.1x | 1.3x |
| Wed, 12 Apr 2023 | NT$56.1t | NT$43.3t | NT$4.0t | 16.3x | 14x | 1.3x |
| Fri, 10 Mar 2023 | NT$55.3t | NT$44.1t | NT$4.4t | 15.4x | 12.5x | 1.3x |
| Sun, 05 Feb 2023 | NT$54.5t | NT$44.4t | NT$4.6t | 14x | 11.8x | 1.2x |
| Tue, 03 Jan 2023 | NT$49.4t | NT$44.2t | NT$4.5t | 13.2x | 11x | 1.1x |
| Thu, 01 Dec 2022 | NT$51.8t | NT$44.5t | NT$4.5t | 13.5x | 11.4x | 1.2x |
| Sat, 29 Oct 2022 | NT$44.6t | NT$44.2t | NT$4.7t | 12.8x | 9.6x | 1x |
| Mon, 26 Sep 2022 | NT$49.3t | NT$43.9t | NT$4.5t | 14.2x | 10.9x | 1.1x |
| Wed, 24 Aug 2022 | NT$52.7t | NT$44.5t | NT$4.6t | 14.5x | 11.5x | 1.2x |
| Fri, 22 Jul 2022 | NT$51.8t | NT$43.7t | NT$4.6t | 14.4x | 11.3x | 1.2x |
| Sun, 19 Jun 2022 | NT$54.0t | NT$43.5t | NT$4.5t | 14.8x | 12.1x | 1.2x |
| Tue, 17 May 2022 | NT$54.9t | NT$43.6t | NT$4.5t | 14.8x | 12.3x | 1.3x |
| Thu, 14 Apr 2022 | NT$59.7t | NT$41.5t | NT$4.3t | 16.5x | 13.9x | 1.4x |
| Sat, 12 Mar 2022 | NT$59.7t | NT$42.5t | NT$4.1t | 16.4x | 14.5x | 1.4x |
| Mon, 07 Feb 2022 | NT$61.1t | NT$42.0t | NT$4.0t | 16.6x | 15.1x | 1.5x |
| Wed, 05 Jan 2022 | NT$64.1t | NT$41.8t | NT$4.0t | 17.5x | 16.1x | 1.5x |
| Fri, 03 Dec 2021 | NT$61.3t | NT$41.6t | NT$4.0t | 16.7x | 15.4x | 1.5x |
| Sun, 31 Oct 2021 | NT$58.5t | NT$40.9t | NT$3.6t | 16.4x | 16.1x | 1.4x |
| Tue, 28 Sep 2021 | NT$59.3t | NT$40.7t | NT$3.6t | 16.6x | 16.6x | 1.5x |
| Thu, 26 Aug 2021 | NT$58.4t | NT$40.7t | NT$3.6t | 16.7x | 16.3x | 1.4x |
| Fri, 02 Jul 2021 | NT$60.5t | NT$40.7t | NT$3.6t | 17.1x | 16.9x | 1.5x |
| Mon, 05 Apr 2021 | NT$55.8t | NT$39.1t | NT$3.1t | 17.3x | 18x | 1.4x |
| Thu, 07 Jan 2021 | NT$49.7t | NT$37.1t | NT$2.4t | 18.4x | 20.3x | 1.3x |
| Wed, 30 Sep 2020 | NT$42.1t | NT$36.4t | NT$2.1t | 17.4x | 19.7x | 1.2x |
Price to Earnings Ratio
19.7x
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 18.8x which is higher than its 3-year average PE of 15.7x.
Past Earnings Growth
- The earnings for Taiwanese listed companies have grown 13% per year over the last three years.
- Revenues for these companies have grown 4.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Taiwanese Market?
| TW Market | -3.31% | |
| Real Estate | -0.39% | |
| Telecom | -0.91% | |
| Consumer Staples | -1.62% | |
| Industrials | -1.74% | |
| Energy | -1.83% | |
| Utilities | -2.03% | |
| Financials | -2.19% | |
| Consumer Discretionary | -2.28% | |
| Materials | -2.34% | |
| Healthcare | -2.80% | |
| Tech | -4.27% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 108x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 60.6%, which is higher than its past year's earnings growth of 0.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 85% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Industrials sector is expected to see its earnings decline by 21% per year 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 | |
|---|---|---|---|---|---|---|
| 3036 WT Microelectronics | NT$96.00 | 19.1% +NT$15.7b | 57.9% | PE21.2x | Tech | |
| 1590 AirTAC International Group | NT$983.00 | 2.6% +NT$5.0b | 26.3% | PE32.4x | Industrials | |
| 2376 Giga-Byte Technology | NT$279.00 | 2.8% +NT$4.8b | 202.6% | PE40.3x | Tech | |
| 6531 AP Memory Technology | NT$386.00 | 6.3% +NT$3.7b | 139.0% | PE47.8x | Tech | |
| 2886 Mega Financial Holding | NT$37.80 | 0.7% +NT$3.5b | 12.4% | PB1.7x | Financials |
Market Insights
This week we are having a look at the diverse and interesting field of nanotechnology. We’re going to have a look at what it is in the first place, the types of nanotech applications, and how to invest in the space.
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