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Taiwanese (TAIEX) Industrials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies347
- 7D-1.0%
- 3M3.5%
- 1Y23.7%
- YTD19.3%
Over the last 7 days, the Industrials industry has dropped 2.2%, driven by a pullback from Evergreen Marine Corporation (Taiwan) of 3.5%. On the other hand C Sun Mfg is actually up 10%. In the past year, the industry has gained 25%. Earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Taiwanese Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NT$5.9t | NT$3.5t | NT$272.2b | 20.9x | 21.7x | 1.7x |
| Sun, 23 Jun 2024 | NT$6.1t | NT$3.5t | NT$270.5b | 21.1x | 22.5x | 1.8x |
| Tue, 21 May 2024 | NT$5.8t | NT$3.5t | NT$269.0b | 20.6x | 21.6x | 1.7x |
| Thu, 18 Apr 2024 | NT$5.5t | NT$3.4t | NT$233.9b | 21.2x | 23.3x | 1.6x |
| Sat, 16 Mar 2024 | NT$5.2t | NT$3.4t | NT$252.1b | 19.1x | 20.4x | 1.5x |
| Mon, 12 Feb 2024 | NT$4.8t | NT$3.4t | NT$262.2b | 18x | 18.1x | 1.4x |
| Wed, 10 Jan 2024 | NT$4.7t | NT$3.4t | NT$262.0b | 18.2x | 18.1x | 1.4x |
| Fri, 08 Dec 2023 | NT$4.6t | NT$3.4t | NT$261.7b | 18.3x | 17.7x | 1.4x |
| Sun, 05 Nov 2023 | NT$4.3t | NT$3.6t | NT$415.5b | 16.6x | 10.4x | 1.2x |
| Tue, 03 Oct 2023 | NT$4.5t | NT$3.6t | NT$416.0b | 16.8x | 10.7x | 1.2x |
| Thu, 31 Aug 2023 | NT$4.4t | NT$3.6t | NT$417.6b | 16.8x | 10.6x | 1.2x |
| Sat, 29 Jul 2023 | NT$4.6t | NT$3.8t | NT$601.0b | 16.2x | 7.6x | 1.2x |
| Mon, 26 Jun 2023 | NT$4.9t | NT$3.8t | NT$603.4b | 16.5x | 8.1x | 1.3x |
| Wed, 24 May 2023 | NT$4.6t | NT$3.8t | NT$655.6b | 14.4x | 7x | 1.2x |
| Fri, 21 Apr 2023 | NT$4.5t | NT$4.0t | NT$811.0b | 14.1x | 5.6x | 1.1x |
| Sun, 19 Mar 2023 | NT$4.4t | NT$4.0t | NT$819.2b | 13.1x | 5.3x | 1.1x |
| Tue, 14 Feb 2023 | NT$4.2t | NT$4.1t | NT$974.1b | 12.6x | 4.3x | 1x |
| Thu, 12 Jan 2023 | NT$4.1t | NT$4.1t | NT$974.3b | 12x | 4.2x | 1x |
| Sat, 10 Dec 2022 | NT$4.0t | NT$4.1t | NT$974.1b | 12.1x | 4.2x | 1x |
| Mon, 07 Nov 2022 | NT$3.7t | NT$4.1t | NT$983.9b | 12.5x | 3.8x | 0.9x |
| Wed, 05 Oct 2022 | NT$3.9t | NT$4.0t | NT$956.5b | 13.1x | 4x | 1x |
| Fri, 02 Sep 2022 | NT$4.2t | NT$4.0t | NT$959.8b | 13.9x | 4.4x | 1.1x |
| Sun, 31 Jul 2022 | NT$4.3t | NT$3.8t | NT$860.7b | 13.9x | 5x | 1.2x |
| Tue, 28 Jun 2022 | NT$4.5t | NT$3.8t | NT$860.1b | 13.9x | 5.2x | 1.2x |
| Thu, 26 May 2022 | NT$5.0t | NT$3.8t | NT$860.2b | 13.9x | 5.8x | 1.3x |
| Sat, 23 Apr 2022 | NT$5.1t | NT$3.5t | NT$711.5b | 15.9x | 7.2x | 1.5x |
| Mon, 21 Mar 2022 | NT$5.1t | NT$3.5t | NT$706.8b | 16.1x | 7.2x | 1.5x |
| Wed, 16 Feb 2022 | NT$4.9t | NT$3.2t | NT$536.4b | 15.9x | 9x | 1.5x |
| Fri, 14 Jan 2022 | NT$4.8t | NT$3.2t | NT$536.6b | 16x | 9x | 1.5x |
| Sun, 12 Dec 2021 | NT$5.1t | NT$3.2t | NT$536.5b | 15.9x | 9.4x | 1.6x |
| Tue, 09 Nov 2021 | NT$4.8t | NT$3.0t | NT$444.6b | 16.2x | 10.7x | 1.6x |
| Thu, 07 Oct 2021 | NT$4.3t | NT$2.9t | NT$358.9b | 15.9x | 11.9x | 1.5x |
| Sat, 04 Sep 2021 | NT$4.7t | NT$2.9t | NT$358.1b | 16x | 13.2x | 1.6x |
| Mon, 02 Aug 2021 | NT$4.9t | NT$2.9t | NT$358.1b | 16.6x | 13.7x | 1.7x |
Price to Earnings Ratio
13.7x
Current Industry PE
- Investors are optimistic on the Taiwanese Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.7x which is higher than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 8.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Taiwanese Industrials sector?
| TW Market | -2.30% | |
| Industrials | -1.02% | |
| Industrials | 1.52% | |
| Trade Distributors | 0.83% | |
| Airlines | -0.24% | |
| Infrastructure | -0.30% | |
| Construction | -0.56% | |
| Electrical | -0.89% | |
| Aerospace & Defense | -0.90% | |
| Machinery | -1.12% | |
| Commercial Services | -1.33% | |
| Marine and Shipping | -1.95% | |
| Logistics | -2.49% | |
| Building | -2.67% | |
| Professional Services | -3.57% | |
| Transportation | -6.39% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 21.2x.
- Analysts are expecting annual earnings growth of 35.5%, which is higher than its past year's earnings decline of 18.4% per year.
- Investors are most pessimistic about the Transportation industry, which is trading below its 3-year average of 18.8x.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 18% per year.
- In contrast, the Airlines 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 | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2615 Wan Hai Lines | NT$73.90 | 3.9% +NT$7.9b | 42.7% | PE219.5x | |
| 6409 Voltronic Power Technology | NT$1.85k | 4.5% +NT$7.0b | 4.5% | PE45.2x | |
| 2618 EVA Airways | NT$34.20 | 2.1% +NT$3.8b | -8.9% | PE8.5x | |
| 1808 Run Long Construction | NT$122.00 | 6.1% +NT$3.2b | 52.5% | PE7.7x | |
| 2610 China Airlines | NT$22.70 | 2.0% +NT$2.7b | -10.8% | PE15.9x |
