Taiwanese (TAIEX) Financials Sector Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies56
- 7D1.0%
- 3M-0.1%
- 1Y6.4%
- YTD9.2%
Chailease Holding is up 4.5%, leading the way for the Financials industry, which has gained 1.7%. During this same period, the Diamond Biofund underperformed, falling 25%. This means that the industry has gained 6.8% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Sector Valuation and Performance
Has the Taiwanese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Sep 2023 | NT$6.8t | NT$3.1t | NT$358.6b | 14.2x | 19x | 2.2x |
| Sat, 19 Aug 2023 | NT$6.5t | NT$2.9t | NT$306.8b | 15.5x | 21.3x | 2.3x |
| Mon, 17 Jul 2023 | NT$6.8t | NT$2.9t | NT$301.3b | 16.3x | 22.5x | 2.3x |
| Wed, 14 Jun 2023 | NT$6.8t | NT$2.7t | NT$299.9b | 16.3x | 22.7x | 2.5x |
| Fri, 12 May 2023 | NT$6.7t | NT$2.2t | NT$367.5b | 17.1x | 18.1x | 3x |
| Sun, 09 Apr 2023 | NT$6.4t | NT$2.2t | NT$366.9b | 16.5x | 17.5x | 2.9x |
| Tue, 07 Mar 2023 | NT$6.5t | NT$2.7t | NT$492.0b | 14.8x | 13.3x | 2.4x |
| Thu, 02 Feb 2023 | NT$6.5t | NT$2.7t | NT$488.2b | 15x | 13.3x | 2.4x |
| Sat, 31 Dec 2022 | NT$6.2t | NT$2.7t | NT$488.2b | 14x | 12.7x | 2.3x |
| Mon, 28 Nov 2022 | NT$6.2t | NT$3.0t | NT$526.7b | 14.3x | 11.7x | 2x |
| Wed, 26 Oct 2022 | NT$5.6t | NT$3.4t | NT$550.5b | 12.8x | 10.2x | 1.7x |
| Fri, 23 Sep 2022 | NT$6.1t | NT$3.4t | NT$550.5b | 14.2x | 11.2x | 1.8x |
| Sun, 21 Aug 2022 | NT$6.6t | NT$3.9t | NT$618.8b | 13.5x | 10.7x | 1.7x |
| Tue, 19 Jul 2022 | NT$5.9t | NT$4.0t | NT$628.7b | 11.9x | 9.4x | 1.5x |
| Thu, 16 Jun 2022 | NT$6.6t | NT$4.0t | NT$628.7b | 12.7x | 10.5x | 1.7x |
| Sat, 14 May 2022 | NT$6.5t | NT$4.3t | NT$679.5b | 12.3x | 9.6x | 1.5x |
| Mon, 11 Apr 2022 | NT$7.7t | NT$3.9t | NT$687.1b | 13.5x | 11.3x | 2x |
| Wed, 09 Mar 2022 | NT$7.0t | NT$4.8t | NT$708.4b | 11.7x | 9.9x | 1.5x |
| Fri, 04 Feb 2022 | NT$7.3t | NT$4.9t | NT$704.1b | 11.8x | 10.3x | 1.5x |
| Sun, 02 Jan 2022 | NT$7.1t | NT$4.8t | NT$704.1b | 11.5x | 10.1x | 1.5x |
| Tue, 30 Nov 2021 | NT$6.7t | NT$4.5t | NT$707.8b | 11.1x | 9.4x | 1.5x |
| Thu, 28 Oct 2021 | NT$6.6t | NT$4.9t | NT$680.8b | 11.7x | 9.7x | 1.4x |
| Sat, 25 Sep 2021 | NT$6.4t | NT$4.9t | NT$680.9b | 11.2x | 9.4x | 1.3x |
| Mon, 23 Aug 2021 | NT$6.1t | NT$4.9t | NT$680.9b | 10.9x | 8.9x | 1.2x |
| Sat, 10 Jul 2021 | NT$6.0t | NT$4.9t | NT$680.9b | 10.8x | 8.8x | 1.2x |
| Fri, 02 Apr 2021 | NT$5.5t | NT$4.9t | NT$599.2b | 10.9x | 9.2x | 1.1x |
| Mon, 04 Jan 2021 | NT$5.1t | NT$4.8t | NT$474.3b | 11.4x | 10.7x | 1.1x |
| Thu, 08 Oct 2020 | NT$4.7t | NT$5.0t | NT$453.2b | 11.6x | 10.4x | 0.9x |
Price to Earnings Ratio
10.4x
Current Industry PE
- Investors are optimistic on the Taiwanese Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.0x which is higher than its 3-year average PE of 12.2x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 7.5% per year over the last three years,
- Revenues have also declined 16% 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 Financials sector?
| TW Market | 0.50% | |
| Financials | 0.97% | |
| Diversified Financial | 4.10% | |
| Consumer Finance | 2.91% | |
| Banks | 1.12% | |
| Insurance | 0.16% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -4.07% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 27.9x.
- Analysts are expecting annual earnings growth of 54.7%, which is higher than its past year's earnings decline of 16.6% per year.
- Investors are most pessimistic about the Capital Markets industry, which is trading close to its 3-year average of 13.3x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 8.3% 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 | |
|---|---|---|---|---|---|
| 2886 Mega Financial Holding | NT$37.85 | 3.4% +NT$17.6b | 11.4% | PB1.7x | |
| 5871 Chailease Holding | NT$180.00 | 1.7% +NT$9.9b | -7.0% | PE12.6x | |
| 2885 Yuanta Financial Holding | NT$25.40 | 1.6% +NT$5.1b | 27.3% | PE12.9x | |
| 5876 Shanghai Commercial & Savings Bank | NT$43.55 | 2.1% +NT$4.4b | -10.7% | PB1.2x | |
| 2892 First Financial Holding | NT$27.00 | 0.9% +NT$3.4b | 4.0% | PB1.6x |