Taiwanese (TAIEX) Luxury Industry Analysis
- 7D-3.1%
- 3M1.5%
- 1Y15.3%
- YTD13.2%
Over the last 7 days, the Luxury industry has dropped 3.1%, driven by pullbacks in Eclat Textile and Feng Tay Enterprises of 5.1% and 4.4%, respectively. Meanwhile, Shinkong Textile actually outperformed within the industry, gaining 6.0% in the last week. This takes the industry's 12 month performance to a gain of 15%.
Industry Valuation and Performance
Has the Taiwanese Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 29 Nov 2021 | NT$934.9b | NT$698.5b | NT$55.8b | 18.1x |
| Wed, 27 Oct 2021 | NT$950.5b | NT$707.9b | NT$57.5b | 16.5x |
| Fri, 24 Sep 2021 | NT$939.4b | NT$707.9b | NT$57.5b | 17x |
| Sun, 22 Aug 2021 | NT$877.0b | NT$707.9b | NT$57.5b | 16x |
| Fri, 09 Jul 2021 | NT$1.0t | NT$707.9b | NT$57.5b | 16.9x |
| Thu, 01 Apr 2021 | NT$851.1b | NT$658.2b | NT$50.6b | 15.2x |
| Sun, 03 Jan 2021 | NT$803.8b | NT$637.2b | NT$35.2b | 20.8x |
| Wed, 07 Oct 2020 | NT$728.4b | NT$655.2b | NT$31.1b | 18.9x |
| Tue, 30 Jun 2020 | NT$721.6b | NT$687.7b | NT$32.5b | 19.3x |
| Fri, 03 Apr 2020 | NT$560.9b | NT$736.8b | NT$39.5b | 15.1x |
| Mon, 06 Jan 2020 | NT$787.5b | NT$763.4b | NT$44.0b | 18.7x |
| Thu, 10 Oct 2019 | NT$783.6b | NT$751.0b | NT$45.0b | 18x |
| Wed, 03 Jul 2019 | NT$807.1b | NT$749.6b | NT$46.2b | 18.1x |
| Sat, 06 Apr 2019 | NT$780.9b | NT$744.6b | NT$47.0b | 19x |
| Tue, 08 Jan 2019 | NT$680.3b | NT$736.8b | NT$45.6b | 18.5x |
16.1x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 18.4x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Luxury industry have declined 2.5% per year over the last three years, and revenues have also declined 2.4% 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 Luxury industry?
| Apparel, Accessories and Luxury Goods | -2.08% | |
| Textiles | -2.63% | |
| Footwear | -4.08% | |
Industry PE: Investors are most optimistic about the Textiles industry, which is trading close to its 3-year average PE ratio of 20.2x. However analysts are expecting annual earnings growth of 19%, which is lower than the prior year's growth of 38% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Apparel, Accessories and Luxury Goods industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 15.9x.
Forecasted Growth: Analysts are most optimistic on the Footwear industry, expecting annual earnings growth of 20% over the next 5 years. However this is lower than its past earnings growth rate of 49% per year. Meanwhile, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 1419 Shinkong Textile | 6.0%+NT$748.1m | 3.9% | PE27.1x | |
| 1315 Tah Hsin Industrial | 4.5%+NT$387.5m | -8.4% | PE220x | |
| 1325 Universal Incorporation | 10.5%+NT$353.9m | -58.6% | PE4.5x | |
| 1440 Tainan Spinning | 0.9%+NT$331.4m | 61.6% | PE12x | |
| 6504 Nan Liu Enterprise | 3.5%+NT$290.4m | -39.0% | PE14.6x |