Taiwanese (TAIEX) Electrical Industry Analysis
- 7D-4.7%
- 3M0.3%
- 1Y11.4%
- YTD-9.8%
Over the last 7 days, the Electrical industry has dropped 4.7%, driven by a decline by Advanced Energy Solution Holding of 8.4%. Meanwhile, Bizlink Holding actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 11%.
Industry Valuation and Performance
Has the Taiwanese Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 26 Jan 2022 | NT$889.0b | NT$638.3b | NT$43.9b | 15.7x |
| Fri, 24 Dec 2021 | NT$961.0b | NT$637.5b | NT$43.8b | 16.4x |
| Sun, 21 Nov 2021 | NT$953.1b | NT$636.1b | NT$43.7b | 16.2x |
| Tue, 19 Oct 2021 | NT$863.3b | NT$608.0b | NT$40.1b | 14.5x |
| Thu, 16 Sep 2021 | NT$819.6b | NT$608.0b | NT$40.1b | 15.1x |
| Sat, 14 Aug 2021 | NT$810.0b | NT$606.2b | NT$39.5b | 14.9x |
| Wed, 09 Jun 2021 | NT$812.2b | NT$572.9b | NT$39.4b | 14.9x |
| Tue, 02 Mar 2021 | NT$687.3b | NT$537.5b | NT$30.6b | 16.8x |
| Fri, 04 Dec 2020 | NT$609.1b | NT$533.2b | NT$31.4b | 16.4x |
| Mon, 07 Sep 2020 | NT$564.6b | NT$531.5b | NT$31.7b | 17x |
| Sun, 31 May 2020 | NT$498.5b | NT$545.1b | NT$23.1b | 17.3x |
| Wed, 04 Mar 2020 | NT$493.9b | NT$566.6b | NT$29.4b | 15.6x |
| Sat, 07 Dec 2019 | NT$510.6b | NT$579.5b | NT$19.8b | 15x |
| Tue, 10 Sep 2019 | NT$470.5b | NT$604.3b | NT$15.8b | 15.6x |
| Mon, 03 Jun 2019 | NT$469.7b | NT$626.0b | NT$20.7b | 14.6x |
| Thu, 07 Mar 2019 | NT$475.5b | NT$646.9b | NT$18.3b | 14.7x |
14.4x
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 15.6x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Electrical industry have grown 34% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Taiwanese Electrical industry?
| Heavy Electrical Equipment | -4.35% | |
| Electrical Components | -4.77% | |
Industry PE: Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 15.6x. However analysts expect its future annual earnings growth (22%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth: Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 22% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Heavy Electrical Equipment industry is expected to see its earnings grow by 3.3% 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 | |
|---|---|---|---|---|---|
| 3665 Bizlink Holding | NT$295.00 | 14.3% +NT$4.9b | -5.6% | PE19.2x | |
| 1529 Klingon Aerospace | NT$26.50 | 43.2% +NT$1.1b | 62.6% | PE35x | |
| 3043 Powercom | NT$4.73 | 5.3% +NT$46.8m | 16.2% | PS0.9x | |
| 6474 WFE Technology | NT$42.50 | 2.4% +NT$37.6m | 44.0% | PE7.5x | |
| 3226 Topower | NT$62.70 | 0.5% +NT$19.3m | -11.6% | PE15.9x |