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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies19
  • 7D2.7%
  • 3M-5.6%
  • 1Y2.4%
  • YTD-1.2%

The Banks industry is up 2.7% in the last week, with CTBC Financial Holding up 4.7%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the Taiwanese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022NT$3.4tNT$832.6bNT$211.5b15.8x16x4.1x
Tue, 25 Oct 2022NT$3.2tNT$828.9bNT$211.1b15.1x15x3.8x
Thu, 22 Sep 2022NT$3.5tNT$830.1bNT$211.6b16.5x16.6x4.2x
Sat, 20 Aug 2022NT$3.6tNT$904.5bNT$232.9b16.1x15.6x4x
Mon, 18 Jul 2022NT$3.3tNT$903.5bNT$233.8b14.5x14x3.6x
Wed, 15 Jun 2022NT$3.6tNT$903.5bNT$233.8b15.4x15.3x4x
Fri, 13 May 2022NT$3.6tNT$915.1bNT$240.1b14.8x15x3.9x
Sun, 10 Apr 2022NT$4.1tNT$917.8bNT$242.4b15.7x16.8x4.4x
Tue, 08 Mar 2022NT$3.5tNT$932.8bNT$240.7b16x14.7x3.8x
Thu, 03 Feb 2022NT$3.5tNT$933.6bNT$242.1b15.5x14.7x3.8x
Sat, 01 Jan 2022NT$3.4tNT$933.6bNT$242.1b15x14.1x3.7x
Mon, 29 Nov 2021NT$3.3tNT$892.1bNT$239.8b14.7x13.8x3.7x
Wed, 27 Oct 2021NT$3.2tNT$929.0bNT$239.3b14.9x13.5x3.5x
Fri, 24 Sep 2021NT$3.2tNT$929.0bNT$239.3b15x13.2x3.4x
Sun, 22 Aug 2021NT$3.0tNT$929.0bNT$239.3b14.5x12.5x3.2x
Fri, 09 Jul 2021NT$3.0tNT$929.0bNT$239.3b14.4x12.6x3.3x
Thu, 01 Apr 2021NT$3.0tNT$922.7bNT$223.4b14.8x13.3x3.2x
Sun, 03 Jan 2021NT$2.8tNT$890.8bNT$196.3b14.8x14.4x3.2x
Wed, 07 Oct 2020NT$2.7tNT$903.4bNT$195.1b14x13.9x3x
Tue, 30 Jun 2020NT$2.9tNT$905.8bNT$199.8b13.8x14.4x3.2x
Fri, 03 Apr 2020NT$2.6tNT$898.5bNT$200.4b12.2x12.9x2.9x
Mon, 06 Jan 2020NT$3.1tNT$934.7bNT$220.3b13.7x14x3.3x
Price to Earnings Ratio

14.2x


Total Market Cap: NT$3.0tTotal Earnings: NT$212.8bTotal Revenue: NT$922.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Banks Industry Price to Earnings3Y Average 14.3x202020212022
Current Industry PE
  • Investors are optimistic on the Taiwanese Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.9x which is higher than its 3-year average PE of 14.3x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 3.3% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Taiwanese Financials industry?

TW Market1.74%
Financials2.97%
Banks2.74%
Diversified Banks2.75%
Regional Banks1.31%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 14.3x.
    • Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings growth of 0.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 0.6% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 22% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2891 CTBC Financial HoldingNT$22.404.7%
+NT$19.5b
-9.3%PB1.3x
2886 Mega Financial HoldingNT$31.353.8%
+NT$16.0b
-5.2%PB1.5x
2892 First Financial HoldingNT$25.902.4%
+NT$7.9b
12.4%PB1.6x
2880 Hua Nan Financial HoldingsNT$22.252.5%
+NT$7.5b
12.0%PB1.7x
5876 Shanghai Commercial & Savings BankNT$46.503.7%
+NT$7.4b
1.6%PB1.4x
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2890

NT$17.50

SinoPac Financial Holdings

7D

3.2%

1Y

16.7%

2884

NT$24.15

E.SUN Financial Holding Company

7D

1.9%

1Y

-6.6%

2886

NT$31.35

Mega Financial Holding

7D

3.8%

1Y

-5.2%

2880

NT$22.25

Hua Nan Financial Holdings

7D

2.5%

1Y

12.0%

2891

NT$22.40

CTBC Financial Holding

7D

4.7%

1Y

-9.3%

5876

NT$46.50

Shanghai Commercial & Savings Bank

7D

3.7%

1Y

1.6%

2834

NT$12.60

Taiwan Business Bank

7D

-0.4%

1Y

33.6%

5880

NT$26.30

Taiwan Cooperative Financial Holding

7D

1.9%

1Y

15.0%

2892

NT$25.90

First Financial Holding

7D

2.4%

1Y

12.4%