A Look At The Fair Value Of L&K Engineering Co., Ltd. (TWSE:6139)
Apr 22
Taiwanese (TAIEX) Commercial Services Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies35
- 7D-1.3%
- 3M22.7%
- 1Y39.2%
- YTD21.0%
Over the last 7 days, the Commercial Services industry has dropped 4.0%, driven by a pullback from L&K Engineering of 14%. This takes the industry's 12 month performance to a gain of 39%. Earnings are forecast to grow by 19% 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, 25 Apr 2024 | NT$286.4b | NT$123.9b | NT$11.5b | 27.4x | 24.9x | 2.3x |
| Sat, 23 Mar 2024 | NT$248.7b | NT$124.8b | NT$11.7b | 27.2x | 21.3x | 2x |
| Mon, 19 Feb 2024 | NT$231.3b | NT$111.3b | NT$11.2b | 24.1x | 20.7x | 2.1x |
| Wed, 17 Jan 2024 | NT$233.0b | NT$111.3b | NT$11.2b | 24.7x | 20.9x | 2.1x |
| Fri, 15 Dec 2023 | NT$234.0b | NT$111.3b | NT$11.2b | 25.1x | 21x | 2.1x |
| Sun, 12 Nov 2023 | NT$220.9b | NT$107.2b | NT$10.5b | 22.9x | 21x | 2.1x |
| Tue, 10 Oct 2023 | NT$212.4b | NT$107.1b | NT$10.5b | 24.6x | 20.2x | 2x |
| Thu, 07 Sep 2023 | NT$205.7b | NT$107.1b | NT$10.5b | 24.3x | 19.6x | 1.9x |
| Sat, 05 Aug 2023 | NT$208.2b | NT$104.5b | NT$9.9b | 25.3x | 21x | 2x |
| Mon, 03 Jul 2023 | NT$205.6b | NT$103.6b | NT$9.6b | 24.2x | 21.3x | 2x |
| Wed, 31 May 2023 | NT$202.3b | NT$103.3b | NT$9.9b | 21.4x | 20.5x | 2x |
| Fri, 28 Apr 2023 | NT$187.8b | NT$102.7b | NT$9.9b | 19.7x | 19x | 1.8x |
| Sun, 26 Mar 2023 | NT$175.2b | NT$101.5b | NT$9.7b | 18x | 18.1x | 1.7x |
| Tue, 21 Feb 2023 | NT$170.3b | NT$97.6b | NT$9.6b | 19x | 17.8x | 1.7x |
| Thu, 19 Jan 2023 | NT$162.7b | NT$97.6b | NT$9.6b | 18.3x | 17x | 1.7x |
| Sat, 17 Dec 2022 | NT$161.8b | NT$97.6b | NT$9.6b | 17.8x | 16.9x | 1.7x |
| Mon, 14 Nov 2022 | NT$151.1b | NT$92.5b | NT$9.8b | 17.1x | 15.4x | 1.6x |
| Wed, 12 Oct 2022 | NT$151.1b | NT$90.5b | NT$9.4b | 17.6x | 16x | 1.7x |
| Fri, 09 Sep 2022 | NT$162.2b | NT$90.5b | NT$9.4b | 19.7x | 17.2x | 1.8x |
| Sun, 07 Aug 2022 | NT$160.0b | NT$86.2b | NT$9.0b | 18x | 17.7x | 1.9x |
| Tue, 05 Jul 2022 | NT$159.2b | NT$85.9b | NT$9.0b | 17.7x | 17.7x | 1.9x |
| Thu, 02 Jun 2022 | NT$166.6b | NT$85.6b | NT$9.0b | 19.3x | 18.6x | 1.9x |
| Sat, 30 Apr 2022 | NT$171.1b | NT$81.2b | NT$8.7b | 20.5x | 19.6x | 2.1x |
| Mon, 28 Mar 2022 | NT$168.2b | NT$77.2b | NT$8.3b | 24.2x | 20.3x | 2.2x |
| Wed, 23 Feb 2022 | NT$165.2b | NT$76.5b | NT$8.3b | 23.6x | 19.8x | 2.2x |
| Fri, 21 Jan 2022 | NT$162.9b | NT$76.5b | NT$8.3b | 19.8x | 19.5x | 2.1x |
| Sun, 19 Dec 2021 | NT$163.9b | NT$76.5b | NT$8.3b | 18.4x | 19.6x | 2.1x |
| Tue, 16 Nov 2021 | NT$167.5b | NT$76.3b | NT$8.2b | 19.9x | 20.5x | 2.2x |
| Thu, 14 Oct 2021 | NT$156.9b | NT$74.5b | NT$8.8b | 17.9x | 17.9x | 2.1x |
| Sat, 11 Sep 2021 | NT$153.4b | NT$74.5b | NT$8.8b | 17.4x | 17.5x | 2.1x |
| Mon, 09 Aug 2021 | NT$154.2b | NT$74.5b | NT$8.8b | 18.1x | 17.6x | 2.1x |
| Sun, 02 May 2021 | NT$160.8b | NT$70.8b | NT$9.5b | 19.8x | 17x | 2.3x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are optimistic on the Taiwanese Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.4x which is higher than its 3-year average PE of 19.0x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 6.6% per year over the last three years.
- Revenues for these companies have grown 21% 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 | -0.58% | |
| Industrials | 0.20% | |
| Commercial Services | -1.33% | |
| Commercial Printing | 6.50% | |
| Security and Alarm Services | 0.11% | |
| Environmental and Facilities Services | 0.056% | |
| Office Services and Supplies | -4.34% | |
| Diversified Support Services | -5.26% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 23.9x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Office Services and Supplies industry, which is trading close to its 3-year average of 12.3x.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 8473 Forest Water Environmental Engineering | NT$46.50 | 7.0% +NT$479.9m | 57.9% | PE184.1x | |
| 3284 Top High Image | NT$33.10 | 17.6% +NT$439.8m | 110.9% | PE43.6x | |
| 6593 Taiwan Numerical Powers | NT$144.00 | 10.8% +NT$344.8m | 161.3% | PE78.4x | |
| 6881 Ruentex Interior Design | NT$242.00 | 11.8% +NT$344.3m | 82.6% | n/a | |
| 8341 Sunny Friend Environmental Technology | NT$97.80 | 0.9% +NT$117.0m | -38.3% | PE31.1x |