A Look At The Fair Value Of L&K Engineering Co., Ltd. (TWSE:6139)
Apr 22
Taiwanese (TAIEX) Industrials Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies345
- 7D-0.9%
- 3M18.6%
- 1Y21.2%
- YTD15.0%
The Industrials is pretty flat in the last 7 days, but Evergreen Marine Corporation (Taiwan) has stood out, gaining 5.6%. As for the the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to grow by 15% 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 Apr 2024 | NT$5.6t | NT$3.4t | NT$233.7b | 21.7x | 23.9x | 1.6x |
| Sun, 24 Mar 2024 | NT$5.3t | NT$3.4t | NT$230.7b | 19.7x | 23x | 1.6x |
| Tue, 20 Feb 2024 | NT$4.9t | NT$3.4t | NT$262.2b | 19.1x | 18.6x | 1.4x |
| Thu, 18 Jan 2024 | NT$4.6t | NT$3.4t | NT$262.1b | 17.7x | 17.6x | 1.3x |
| Sat, 16 Dec 2023 | NT$4.7t | NT$3.4t | NT$261.7b | 18.2x | 17.9x | 1.4x |
| Mon, 13 Nov 2023 | NT$4.3t | NT$3.6t | NT$407.8b | 16.7x | 10.6x | 1.2x |
| Wed, 11 Oct 2023 | NT$4.4t | NT$3.6t | NT$415.9b | 16.7x | 10.6x | 1.2x |
| Fri, 08 Sep 2023 | NT$4.4t | NT$3.6t | NT$416.3b | 17x | 10.6x | 1.2x |
| Sun, 06 Aug 2023 | NT$4.5t | NT$3.8t | NT$599.0b | 16.1x | 7.6x | 1.2x |
| Tue, 04 Jul 2023 | NT$4.8t | NT$3.8t | NT$603.5b | 16.7x | 8x | 1.3x |
| Thu, 01 Jun 2023 | NT$4.6t | NT$3.8t | NT$605.9b | 14.9x | 7.7x | 1.2x |
| Sat, 29 Apr 2023 | NT$4.5t | NT$4.0t | NT$810.6b | 14.1x | 5.6x | 1.1x |
| Mon, 27 Mar 2023 | NT$4.4t | NT$4.0t | NT$814.3b | 13.4x | 5.4x | 1.1x |
| Wed, 22 Feb 2023 | NT$4.3t | NT$4.1t | NT$975.3b | 12.9x | 4.4x | 1.1x |
| Fri, 20 Jan 2023 | NT$4.1t | NT$4.1t | NT$974.2b | 12.1x | 4.2x | 1x |
| Sun, 18 Dec 2022 | NT$4.1t | NT$4.1t | NT$974.2b | 12.3x | 4.2x | 1x |
| Tue, 15 Nov 2022 | NT$3.9t | NT$4.1t | NT$966.3b | 12x | 4.1x | 1x |
| Thu, 13 Oct 2022 | NT$3.8t | NT$4.0t | NT$956.6b | 12.8x | 3.9x | 0.9x |
| Sat, 10 Sep 2022 | NT$4.1t | NT$4.0t | NT$960.5b | 13.6x | 4.3x | 1x |
| Mon, 08 Aug 2022 | NT$4.3t | NT$3.9t | NT$925.5b | 13.8x | 4.7x | 1.1x |
| Wed, 06 Jul 2022 | NT$4.2t | NT$3.8t | NT$860.1b | 13.4x | 4.9x | 1.1x |
| Fri, 03 Jun 2022 | NT$5.1t | NT$3.8t | NT$860.0b | 14.3x | 5.9x | 1.3x |
| Sun, 01 May 2022 | NT$5.0t | NT$3.5t | NT$711.6b | 14.9x | 7x | 1.4x |
| Tue, 29 Mar 2022 | NT$5.0t | NT$3.5t | NT$706.9b | 16.2x | 7x | 1.4x |
| Thu, 24 Feb 2022 | NT$5.1t | NT$3.2t | NT$539.1b | 16x | 9.5x | 1.6x |
| Sat, 22 Jan 2022 | NT$4.6t | NT$3.2t | NT$536.6b | 15.7x | 8.6x | 1.5x |
| Mon, 20 Dec 2021 | NT$5.0t | NT$3.2t | NT$536.5b | 15.8x | 9.3x | 1.6x |
| Wed, 17 Nov 2021 | NT$4.7t | NT$3.2t | NT$530.9b | 15.8x | 8.8x | 1.5x |
| Fri, 15 Oct 2021 | NT$4.3t | NT$2.9t | NT$358.9b | 15.6x | 11.9x | 1.5x |
| Sun, 12 Sep 2021 | NT$4.8t | NT$2.9t | NT$358.7b | 15.9x | 13.3x | 1.7x |
| Tue, 10 Aug 2021 | NT$4.9t | NT$2.9t | NT$358.1b | 16.2x | 13.6x | 1.7x |
| Mon, 03 May 2021 | NT$4.2t | NT$2.6t | NT$254.8b | 17.7x | 16.4x | 1.6x |
Price to Earnings Ratio
16.4x
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 24.0x which is higher than its 3-year average PE of 10.0x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.9% 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 | -2.26% | |
| Industrials | -0.85% | |
| Marine and Shipping | 6.35% | |
| Airlines | 5.69% | |
| Industrials | 1.10% | |
| Infrastructure | 1.04% | |
| Logistics | 0.85% | |
| Transportation | 0.64% | |
| Machinery | -1.13% | |
| Construction | -1.40% | |
| Building | -1.79% | |
| Trade Distributors | -1.89% | |
| Professional Services | -2.24% | |
| Aerospace & Defense | -2.39% | |
| Commercial Services | -3.61% | |
| Electrical | -4.85% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 19.8x.
- Analysts are expecting annual earnings growth of 30.5%, which is higher than its past year's earnings decline of 23.6% per year.
- Investors are most pessimistic about the Airlines industry, which is trading below its 3-year average of 54.0x.
Forecasted Growth
- Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Airlines industry is expected to see its earnings decline by 48% 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 | |
|---|---|---|---|---|---|
| 2603 Evergreen Marine Corporation (Taiwan) | NT$181.00 | 4.9% +NT$18.2b | 12.1% | PE10.9x | |
| 2618 EVA Airways | NT$34.35 | 10.5% +NT$17.6b | 27.9% | PE8.6x | |
| 1590 AirTAC International Group | NT$1.11k | 4.7% +NT$10.0b | -0.5% | PE31.7x | |
| 2609 Yang Ming Marine Transport | NT$47.10 | 4.3% +NT$6.8b | -25.4% | PE34.5x | |
| 2615 Wan Hai Lines | NT$45.50 | 5.2% +NT$6.3b | -30.0% | PS1.3x |
