CHUNGTAI RESOURCE Technology (TWSE:6923) Strong Profits May Be Masking Some Underlying Issues
Nov 20
Have your own idea? Try our Stock Screener
Taiwanese (TAIEX) Commercial Services Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies37
- 7D0.04%
- 3M-7.9%
- 1Y11.2%
- YTD8.7%
The Commercial Services is pretty flat in the last 7 days, but L&K Engineering has stood out, gaining 4.1%. The past year has been better, since the industry has gained 11% in that time. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Taiwanese Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | NT$277.8b | NT$154.5b | NT$13.8b | 22.2x | 20.1x | 1.8x |
| Sat, 19 Oct 2024 | NT$284.2b | NT$150.7b | NT$13.8b | 22.7x | 20.6x | 1.9x |
| Mon, 16 Sep 2024 | NT$283.0b | NT$150.6b | NT$13.8b | 24.4x | 20.5x | 1.9x |
| Wed, 14 Aug 2024 | NT$287.8b | NT$141.4b | NT$13.3b | 24.2x | 21.7x | 2x |
| Fri, 12 Jul 2024 | NT$291.7b | NT$140.5b | NT$13.1b | 29.5x | 22.3x | 2.1x |
| Sun, 09 Jun 2024 | NT$265.6b | NT$137.1b | NT$12.4b | 28.8x | 21.4x | 1.9x |
| Tue, 07 May 2024 | NT$273.7b | NT$123.9b | NT$11.5b | 27.6x | 23.8x | 2.2x |
| Thu, 04 Apr 2024 | NT$268.2b | NT$123.9b | NT$11.5b | 27.2x | 23.4x | 2.2x |
| Sat, 02 Mar 2024 | NT$236.3b | NT$111.1b | NT$11.1b | 27x | 21.3x | 2.1x |
| Mon, 29 Jan 2024 | NT$229.4b | NT$111.3b | NT$11.2b | 24.5x | 20.5x | 2.1x |
| Wed, 27 Dec 2023 | NT$231.2b | NT$111.3b | NT$11.2b | 24.7x | 20.7x | 2.1x |
| Fri, 24 Nov 2023 | NT$228.9b | NT$106.9b | NT$10.3b | 24.6x | 22.1x | 2.1x |
| Sun, 22 Oct 2023 | NT$213.3b | NT$107.1b | NT$10.5b | 22.7x | 20.3x | 2x |
| Tue, 19 Sep 2023 | NT$207.2b | NT$107.1b | NT$10.5b | 24.4x | 19.7x | 1.9x |
| Thu, 17 Aug 2023 | NT$203.9b | NT$107.1b | NT$10.6b | 24.2x | 19.3x | 1.9x |
| Sat, 15 Jul 2023 | NT$207.1b | NT$103.6b | NT$9.6b | 24.6x | 21.5x | 2x |
| Mon, 12 Jun 2023 | NT$205.8b | NT$103.6b | NT$9.5b | 21.2x | 21.6x | 2x |
| Wed, 10 May 2023 | NT$193.4b | NT$102.7b | NT$9.9b | 20.3x | 19.6x | 1.9x |
| Fri, 07 Apr 2023 | NT$186.6b | NT$102.1b | NT$9.5b | 18.3x | 19.7x | 1.8x |
| Sun, 05 Mar 2023 | NT$173.7b | NT$98.3b | NT$9.6b | 19.5x | 18.1x | 1.8x |
| Tue, 31 Jan 2023 | NT$164.1b | NT$97.6b | NT$9.6b | 18.5x | 17.1x | 1.7x |
| Thu, 29 Dec 2022 | NT$161.1b | NT$97.6b | NT$9.6b | 17.8x | 16.8x | 1.7x |
| Sat, 26 Nov 2022 | NT$153.4b | NT$97.6b | NT$9.6b | 17x | 16x | 1.6x |
| Mon, 24 Oct 2022 | NT$146.1b | NT$90.5b | NT$9.4b | 17.5x | 15.5x | 1.6x |
| Wed, 21 Sep 2022 | NT$160.1b | NT$90.5b | NT$9.4b | 19.2x | 17x | 1.8x |
| Fri, 19 Aug 2022 | NT$162.0b | NT$90.3b | NT$9.4b | 19.5x | 17.2x | 1.8x |
| Sun, 17 Jul 2022 | NT$157.6b | NT$85.9b | NT$9.0b | 18.4x | 17.5x | 1.8x |
| Tue, 14 Jun 2022 | NT$167.5b | NT$85.6b | NT$9.0b | 19.4x | 18.7x | 2x |
| Thu, 12 May 2022 | NT$166.4b | NT$81.9b | NT$8.7b | 21.6x | 19x | 2x |
| Sat, 09 Apr 2022 | NT$169.9b | NT$81.3b | NT$8.8b | 23.3x | 19.3x | 2.1x |
| Mon, 07 Mar 2022 | NT$164.5b | NT$76.8b | NT$8.3b | 21.6x | 19.9x | 2.1x |
| Wed, 02 Feb 2022 | NT$161.2b | NT$76.5b | NT$8.3b | 20x | 19.3x | 2.1x |
| Fri, 31 Dec 2021 | NT$167.6b | NT$76.5b | NT$8.3b | 21x | 20.1x | 2.2x |
| Sun, 28 Nov 2021 | NT$163.9b | NT$76.5b | NT$8.3b | 18.1x | 19.7x | 2.1x |
Price to Earnings Ratio
19.7x
Current Industry PE
- Investors are relatively neutral on the Taiwanese Commercial Services 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 19.7x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 26% 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 industry?
| TW Market | -0.79% | |
| Industrials | 1.05% | |
| Commercial Services | 0.035% | |
| Diversified Support Services | 3.26% | |
| Office Services and Supplies | 2.09% | |
| Commercial Printing | -0.044% | |
| Security and Alarm Services | -0.46% | |
| Environmental and Facilities Services | -1.67% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry, which is trading close to its 3-year average PE ratio of 32.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Support Services industry, which is trading below its 3-year average of 18.4x.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 6139 L&K Engineering | NT$225.00 | 2.3% +NT$1.2b | 59.0% | PE12.7x | |
| 9917 Taiwan Secom | NT$137.00 | 1.1% +NT$665.0m | 11.8% | PE21.5x | |
| 6957 Horizon Fixture Group | NT$210.00 | 5.5% +NT$607.3m | n/a | PE26.9x | |
| 9925 Taiwan Shin Kong Security | NT$41.00 | 0.5% +NT$76.8m | 0.5% | PE17.7x | |
| 8906 Forward Graphic Enterprise | NT$34.50 | 5.0% +NT$69.6m | 107.8% | PS6.3x |