A Look At The Intrinsic Value Of Nien Made Enterprise Co., LTD. (TWSE:8464)
Apr 19
Taiwanese (TAIEX) Consumer Durables Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies50
- 7D-1.0%
- 3M10.3%
- 1Y18.7%
- YTD7.5%
Over the last 7 days, the Consumer Durables industry has dropped 1.0%, driven by a pullback from Merry Electronics of 7.5%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Taiwanese Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | NT$338.7b | NT$220.5b | NT$15.3b | 18.9x | 22.1x | 1.5x |
| Wed, 20 Mar 2024 | NT$328.6b | NT$219.2b | NT$14.5b | 16.4x | 22.7x | 1.5x |
| Fri, 16 Feb 2024 | NT$311.6b | NT$217.4b | NT$13.9b | 16.2x | 22.4x | 1.4x |
| Sun, 14 Jan 2024 | NT$312.6b | NT$217.4b | NT$13.7b | 15.6x | 22.8x | 1.4x |
| Tue, 12 Dec 2023 | NT$312.2b | NT$216.3b | NT$13.5b | 15.7x | 23.2x | 1.4x |
| Thu, 09 Nov 2023 | NT$281.9b | NT$219.4b | NT$15.0b | 14.9x | 18.8x | 1.3x |
| Sat, 07 Oct 2023 | NT$281.0b | NT$221.0b | NT$15.2b | 14.6x | 18.5x | 1.3x |
| Mon, 04 Sep 2023 | NT$279.2b | NT$221.0b | NT$15.2b | 14.4x | 18.4x | 1.3x |
| Wed, 02 Aug 2023 | NT$312.7b | NT$411.1b | NT$16.9b | 15.9x | 18.5x | 0.8x |
| Fri, 30 Jun 2023 | NT$318.3b | NT$410.8b | NT$16.9b | 15.5x | 18.8x | 0.8x |
| Sun, 28 May 2023 | NT$308.3b | NT$415.8b | NT$14.6b | 14.3x | 21.1x | 0.7x |
| Tue, 25 Apr 2023 | NT$298.4b | NT$421.2b | NT$15.8b | 13.5x | 18.8x | 0.7x |
| Thu, 23 Mar 2023 | NT$296.2b | NT$427.5b | NT$16.2b | 13.4x | 18.3x | 0.7x |
| Sat, 18 Feb 2023 | NT$294.8b | NT$419.8b | NT$16.8b | 13.4x | 17.6x | 0.7x |
| Mon, 16 Jan 2023 | NT$280.8b | NT$419.8b | NT$16.8b | 13.1x | 16.8x | 0.7x |
| Wed, 14 Dec 2022 | NT$270.4b | NT$419.8b | NT$16.8b | 13x | 16.1x | 0.6x |
| Fri, 11 Nov 2022 | NT$259.5b | NT$400.7b | NT$15.6b | 13.2x | 16.7x | 0.6x |
| Sun, 09 Oct 2022 | NT$264.3b | NT$401.9b | NT$14.3b | 13.3x | 18.5x | 0.7x |
| Tue, 06 Sep 2022 | NT$276.6b | NT$401.9b | NT$14.3b | 13.5x | 19.3x | 0.7x |
| Thu, 04 Aug 2022 | NT$270.1b | NT$390.3b | NT$15.8b | 12.9x | 17.1x | 0.7x |
| Sat, 02 Jul 2022 | NT$251.3b | NT$355.1b | NT$13.8b | 12.9x | 18.2x | 0.7x |
| Mon, 30 May 2022 | NT$276.8b | NT$355.0b | NT$13.8b | 14x | 20x | 0.8x |
| Wed, 27 Apr 2022 | NT$292.7b | NT$349.1b | NT$21.6b | 13.5x | 13.6x | 0.8x |
| Fri, 25 Mar 2022 | NT$305.2b | NT$343.7b | NT$21.6b | 13.2x | 14.2x | 0.9x |
| Sun, 20 Feb 2022 | NT$323.9b | NT$341.4b | NT$22.1b | 12.8x | 14.6x | 0.9x |
| Tue, 18 Jan 2022 | NT$326.7b | NT$341.4b | NT$22.1b | 12.8x | 14.8x | 1x |
| Thu, 16 Dec 2021 | NT$328.6b | NT$341.4b | NT$22.1b | 12.9x | 14.8x | 1x |
| Sat, 13 Nov 2021 | NT$315.4b | NT$341.0b | NT$22.9b | 11.8x | 13.8x | 0.9x |
| Mon, 11 Oct 2021 | NT$302.6b | NT$340.2b | NT$24.7b | 10.7x | 12.2x | 0.9x |
| Wed, 08 Sep 2021 | NT$317.2b | NT$340.2b | NT$24.7b | 10.9x | 12.8x | 0.9x |
| Fri, 06 Aug 2021 | NT$349.9b | NT$340.2b | NT$24.7b | 11.6x | 14.1x | 1x |
| Mon, 10 May 2021 | NT$368.0b | NT$327.8b | NT$23.6b | 12.6x | 15.6x | 1.1x |
Price to Earnings Ratio
15.6x
Current Industry PE
- Investors are optimistic on the Taiwanese Consumer Durables industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.1x which is higher than its 3-year average PE of 17.5x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have declined 13% per year over the last three years,
- Revenues have also declined 12% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Taiwanese Consumer Discretionary industry?
| TW Market | -5.75% | |
| Consumer Discretionary | -2.99% | |
| Consumer Durables | -1.01% | |
| Home Furnishings | 2.54% | |
| Homebuilding | 0% | |
| Household Appliances | -1.98% | |
| Housewares and Specialties | -3.97% | |
| Consumer Electronics | -4.15% | |
Industry PE
- Investors are most optimistic about the Consumer Electronics industry even though it's trading below its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 35.9%, which is higher than its past year's earnings growth of 0.4% per year.
- Investors are most pessimistic about the Housewares and Specialties industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.8x.
Forecasted Growth
- Analysts are most optimistic on the Consumer Electronics industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 0.4% per year.
- In contrast, the Home Furnishings industry is expected to see its earnings grow by 9.3% 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 | |
|---|---|---|---|---|---|
| 8464 Nien Made Enterprise | NT$364.00 | 2.0% +NT$2.1b | 11.1% | PE19.4x | |
| 1614 Taiwan Sanyo ElectricLtd | NT$40.90 | 3.7% +NT$375.4m | 11.6% | PE32.9x | |
| 2374 Ability Enterprise | NT$38.55 | 2.4% +NT$258.8m | 89.0% | PE40.4x | |
| 9935 Ching Feng Home FashionsLtd | NT$24.85 | 4.6% +NT$191.2m | 30.3% | PE41.5x | |
| 1604 Sampo | NT$29.00 | 1.0% +NT$109.1m | 4.1% | PE14.5x |
