Taiwanese (TAIEX) Financials Sector Analysis
- 7D-1.3%
- 3M1.8%
- 1Y32.5%
- YTD29.6%
Over the last 7 days, the Financials industry has dropped 1.8%, driven by a decline by Cathay Financial Holding of 2.9%. This takes the industry's 12 month performance to a gain of 33%.
Sector Valuation and Performance
Has the Taiwanese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 01 Dec 2021 | NT$6.7t | NT$4.6t | NT$707.7b | 9x |
| Fri, 29 Oct 2021 | NT$6.6t | NT$4.9t | NT$680.8b | 11.8x |
| Sun, 26 Sep 2021 | NT$6.4t | NT$4.9t | NT$680.9b | 11.2x |
| Tue, 24 Aug 2021 | NT$6.2t | NT$4.9t | NT$680.9b | 11.1x |
| Wed, 30 Jun 2021 | NT$6.0t | NT$4.9t | NT$680.9b | 10.8x |
| Sat, 03 Apr 2021 | NT$5.5t | NT$4.9t | NT$599.2b | 10.9x |
| Tue, 05 Jan 2021 | NT$5.1t | NT$4.8t | NT$474.3b | 11.4x |
| Fri, 09 Oct 2020 | NT$4.7t | NT$5.0t | NT$453.2b | 11.6x |
| Thu, 02 Jul 2020 | NT$4.9t | NT$4.9t | NT$429.9b | 12x |
| Sun, 05 Apr 2020 | NT$4.3t | NT$4.7t | NT$448.6b | 11.8x |
| Wed, 08 Jan 2020 | NT$5.3t | NT$4.7t | NT$452.4b | 12x |
| Tue, 01 Oct 2019 | NT$5.0t | NT$4.4t | NT$401.5b | 12.5x |
| Fri, 05 Jul 2019 | NT$5.0t | NT$4.3t | NT$368.9b | 14.6x |
| Mon, 08 Apr 2019 | NT$4.8t | NT$4.0t | NT$362.5b | 13.9x |
| Thu, 10 Jan 2019 | NT$4.5t | NT$4.0t | NT$375.9b | 12.3x |
10.9x
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 12.3x. However, future earnings are expected to decline by 0.3% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Financials industry have grown 19% per year over the last three years, and revenues for these companies have grown 9.0% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Taiwanese Financials sector?
| Capital Markets | -0.49% | |
| Banks | -0.92% | |
| Consumer Finance | -1.17% | |
| Diversified Financial | -1.66% | |
| Insurance | -1.76% | |
Industry PE: Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 15.6x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 13.2x.
Forecasted Growth: Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 9.7% over the next 5 years. However this is lower than its past earnings growth rate of 34% per year. Meanwhile, the Insurance industry is expected to see its earnings decline by 13% 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 | |
|---|---|---|---|---|
| 5880 Taiwan Cooperative Financial Holding | 1.1%+NT$3.4b | 19.9% | n/a | |
| 5871 Chailease Holding | 0.4%+NT$1.6b | 62.6% | n/a | |
| 2886 Mega Financial Holding | 0.3%+NT$1.4b | 17.3% | n/a | |
| 2838 Union Bank of Taiwan | 3.3%+NT$1.3b | 28.7% | n/a | |
| 2855 President Securities | 1.7%+NT$582.3m | 54.9% | n/a |