Taiwanese (TAIEX) Industrials Sector Analysis
- 7D6.0%
- 3M3.6%
- 1Y67.9%
- YTD51.2%
Over the last 7 days, the Industrials industry has risen 3.7%, driven by gains from Evergreen Marine Corporation (Taiwan) of 18%. Meanwhile, Voltronic Power Technology actually underperformed within the industry, shrinking 6.9% in the last week. This takes the industry's 12 month performance to a gain of 64%.
Sector Valuation and Performance
Has the Taiwanese Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 07 Dec 2021 | NT$4.9t | NT$3.2t | NT$536.5b | 15.7x |
| Thu, 04 Nov 2021 | NT$4.6t | NT$2.9t | NT$361.7b | 15.8x |
| Sat, 02 Oct 2021 | NT$4.5t | NT$2.9t | NT$358.8b | 15.9x |
| Mon, 30 Aug 2021 | NT$4.9t | NT$2.9t | NT$358.1b | 15.6x |
| Tue, 06 Jul 2021 | NT$5.8t | NT$2.9t | NT$358.1b | 16.7x |
| Fri, 09 Apr 2021 | NT$3.4t | NT$2.6t | NT$254.8b | 16.5x |
| Thu, 31 Dec 2020 | NT$3.0t | NT$2.5t | NT$152.5b | 16.7x |
| Sun, 04 Oct 2020 | NT$2.4t | NT$2.4t | NT$110.8b | 16.8x |
| Wed, 08 Jul 2020 | NT$2.3t | NT$2.5t | NT$97.8b | 16.5x |
| Tue, 31 Mar 2020 | NT$1.9t | NT$2.6t | NT$83.4b | 14x |
| Fri, 03 Jan 2020 | NT$2.4t | NT$2.7t | NT$107.2b | 16.1x |
| Mon, 07 Oct 2019 | NT$2.3t | NT$2.7t | NT$102.5b | 15.2x |
| Sun, 30 Jun 2019 | NT$2.4t | NT$2.7t | NT$107.6b | 15.2x |
| Wed, 03 Apr 2019 | NT$2.3t | NT$2.7t | NT$117.2b | 15.4x |
| Sat, 05 Jan 2019 | NT$2.1t | NT$2.7t | NT$113.0b | 14.2x |
14.2x
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 15.9x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Industrials industry have grown 68% per year over the last three years, and revenues for these companies have grown 5.3% 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 Industrials sector?
| Marine and Shipping | 15.11% | |
| Airlines | 8.40% | |
| Logistics | 2.98% | |
| Building | 2.50% | |
| Transportation | 2.20% | |
| Aerospace & Defense | 1.89% | |
| Machinery | 1.80% | |
| Industrials | 1.60% | |
| Trade Distributors | 1.46% | |
| Professional Services | 1.39% | |
| Infrastructure | 1.04% | |
| Commercial Services | 0.94% | |
| Construction | 0.44% | |
| Electrical | -1.17% | |
Industry PE: Investors are most optimistic about the Aerospace & Defense industry, which is trading close to its 3-year average PE ratio of 62.2x. This is likely because analysts are expecting annual earnings growth of 76%, which is higher than its past year's earnings decline of 32% per year. Meanwhile, investors are most pessimistic about the Transportation industry, which is trading below its 3-year average of 18.2x.
Forecasted Growth: Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 89% over the next 5 years. Meanwhile, the Marine and Shipping industry is expected to see its earnings decline by 27% 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 | |
|---|---|---|---|---|
| 2603 Evergreen Marine Corporation (Taiwan) | 15.7%+NT$103.2b | 440.3% | PE4.4x | |
| 2615 Wan Hai Lines | 23.6%+NT$89.1b | 407.5% | PE6.1x | |
| 2609 Yang Ming Marine Transport | 10.0%+NT$40.2b | 778.5% | PE3.7x | |
| 2618 EVA Airways | 7.9%+NT$10.7b | 108.2% | PS1.6x | |
| 2610 China Airlines | 5.2%+NT$7.9b | 164.2% | PE43.3x |