Capital Securities Corporation (TWSE:6005) Shares Fly 26% But Investors Aren't Buying For Growth
Apr 19
Taiwanese (TAIEX) Capital Markets Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies14
- 7D-0.8%
- 3M19.1%
- 1Y13.3%
- YTD13.9%
Last week, the Capital Markets industry hasn't moved much but Capital Securities is up 8.0% in that time. As for the the longer term, the industry is up 13% over the past 12 months.
Industry Valuation and Performance
Has the Taiwanese Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | NT$228.9b | NT$42.3b | NT$16.6b | 12.5x | 13.8x | 5.4x |
| Wed, 20 Mar 2024 | NT$211.8b | NT$42.0b | NT$16.3b | 11.4x | 13x | 5x |
| Fri, 16 Feb 2024 | NT$187.1b | NT$40.1b | NT$15.0b | 10.5x | 12.4x | 4.7x |
| Sun, 14 Jan 2024 | NT$230.7b | NT$51.9b | NT$19.0b | 10.7x | 12.1x | 4.4x |
| Tue, 12 Dec 2023 | NT$227.5b | NT$51.9b | NT$19.0b | 10.8x | 12x | 4.4x |
| Thu, 09 Nov 2023 | NT$220.9b | NT$50.5b | NT$18.3b | 10.7x | 12.1x | 4.4x |
| Sat, 07 Oct 2023 | NT$219.3b | NT$50.5b | NT$18.3b | 10.6x | 12x | 4.3x |
| Mon, 04 Sep 2023 | NT$223.8b | NT$50.8b | NT$18.3b | 10.8x | 12.2x | 4.4x |
| Wed, 02 Aug 2023 | NT$230.5b | NT$45.6b | NT$12.5b | 19.3x | 18.4x | 5.1x |
| Fri, 30 Jun 2023 | NT$218.7b | NT$46.1b | NT$12.7b | 18.1x | 17.2x | 4.7x |
| Sun, 28 May 2023 | NT$216.4b | NT$45.3b | NT$10.8b | 16.4x | 20.1x | 4.8x |
| Tue, 25 Apr 2023 | NT$261.0b | NT$45.2b | NT$10.5b | 21.1x | 24.9x | 5.8x |
| Thu, 23 Mar 2023 | NT$254.9b | NT$45.3b | NT$10.4b | 17.6x | 24.5x | 5.6x |
| Sat, 18 Feb 2023 | NT$257.1b | NT$48.6b | NT$12.4b | 17x | 20.8x | 5.3x |
| Mon, 16 Jan 2023 | NT$245.8b | NT$48.6b | NT$12.4b | 15.9x | 19.8x | 5.1x |
| Wed, 14 Dec 2022 | NT$250.5b | NT$48.6b | NT$12.4b | 16.3x | 20.2x | 5.2x |
| Fri, 11 Nov 2022 | NT$231.6b | NT$51.0b | NT$13.8b | 16.3x | 16.8x | 4.5x |
| Sun, 09 Oct 2022 | NT$236.7b | NT$51.7b | NT$13.8b | 15.6x | 17.1x | 4.6x |
| Tue, 06 Sep 2022 | NT$259.5b | NT$52.1b | NT$14.2b | 15.7x | 18.3x | 5x |
| Thu, 04 Aug 2022 | NT$254.5b | NT$62.0b | NT$21.2b | 9.9x | 12x | 4.1x |
| Sat, 02 Jul 2022 | NT$220.0b | NT$62.8b | NT$21.3b | 11x | 10.3x | 3.5x |
| Mon, 30 May 2022 | NT$230.6b | NT$62.7b | NT$21.3b | 11.6x | 10.8x | 3.7x |
| Wed, 27 Apr 2022 | NT$245.5b | NT$69.5b | NT$26.8b | 7.6x | 9.2x | 3.5x |
| Fri, 25 Mar 2022 | NT$254.1b | NT$69.0b | NT$26.6b | 8.4x | 9.6x | 3.7x |
| Sun, 20 Feb 2022 | NT$248.4b | NT$69.1b | NT$27.4b | 7.8x | 9.1x | 3.6x |
| Tue, 18 Jan 2022 | NT$253.2b | NT$69.1b | NT$27.4b | 8x | 9.2x | 3.7x |
| Thu, 16 Dec 2021 | NT$247.5b | NT$69.1b | NT$27.4b | 8x | 9x | 3.6x |
| Sat, 13 Nov 2021 | NT$246.1b | NT$68.1b | NT$27.2b | 7.7x | 9x | 3.6x |
| Mon, 11 Oct 2021 | NT$239.8b | NT$69.2b | NT$28.4b | 8.2x | 8.4x | 3.5x |
| Wed, 08 Sep 2021 | NT$242.0b | NT$69.2b | NT$28.4b | 8.1x | 8.5x | 3.5x |
| Fri, 06 Aug 2021 | NT$256.2b | NT$69.2b | NT$28.4b | 8.6x | 9x | 3.7x |
| Mon, 10 May 2021 | NT$277.7b | NT$64.5b | NT$27.4b | 9.8x | 10.1x | 4.3x |
Price to Earnings Ratio
10.1x
Current Industry PE
- Investors are relatively neutral on the Taiwanese Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 13.6x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 15% per year over the last three years,
- Revenues have also declined 13% 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 industry?
| TW Market | -5.75% | |
| Financials | -2.69% | |
| Capital Markets | -0.84% | |
| Investment Banking and Brokerage | 0.68% | |
| Financial Exchanges and Data | 0% | |
| Diversified Capital Markets | -1.81% | |
| Asset Management | -7.31% | |
Industry PE
- Investors are most optimistic about the Diversified Capital Markets industry which is trading above its 3-year average PE ratio of 18.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading close to its 3-year average of 11.9x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6005 Capital Securities | NT$24.40 | 13.0% +NT$6.1b | 79.4% | PE12.8x | |
| 2855 President Securities | NT$26.85 | 0.9% +NT$364.0m | 60.8% | PE13.6x | |
| 2889 IBF Financial Holdings | NT$13.90 | 0.7% +NT$344.7m | 12.6% | PE24x | |
| 2820 China Bills Finance | NT$15.10 | 0.3% +NT$67.1m | 0.3% | PE15.7x | |
| 5864 Concord International Securities | NT$20.05 | 0.3% +NT$15.4m | 35.4% | PE7.1x |