Market Participants Recognise Advanced Energy Solution Holding Co., Ltd.'s (TWSE:6781) Earnings
Apr 22
Taiwanese (TAIEX) Electrical Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies84
- 7D-4.9%
- 3M36.1%
- 1Y45.3%
- YTD31.0%
Over the last 7 days, the Electrical industry has dropped 4.1%, driven by Fortune Electric declining 10%. On the other hand Tatung is actually up 7.0%. This takes the industry's 12 month performance to a gain of 46%. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Taiwanese Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | NT$1.7t | NT$751.9b | NT$45.0b | 26.8x | 37.3x | 2.2x |
| Sun, 24 Mar 2024 | NT$1.6t | NT$753.7b | NT$45.7b | 22.3x | 33.9x | 2.1x |
| Tue, 20 Feb 2024 | NT$1.3t | NT$755.5b | NT$45.8b | 20x | 28.9x | 1.8x |
| Thu, 18 Jan 2024 | NT$1.2t | NT$757.8b | NT$45.7b | 19x | 26.3x | 1.6x |
| Sat, 16 Dec 2023 | NT$1.3t | NT$758.6b | NT$45.8b | 19.4x | 27.7x | 1.7x |
| Mon, 13 Nov 2023 | NT$1.1t | NT$755.7b | NT$54.6b | 16.7x | 20.8x | 1.5x |
| Wed, 11 Oct 2023 | NT$1.2t | NT$756.5b | NT$63.3b | 17.1x | 19.4x | 1.6x |
| Fri, 08 Sep 2023 | NT$1.2t | NT$756.5b | NT$63.3b | 17.4x | 19.4x | 1.6x |
| Sun, 06 Aug 2023 | NT$1.2t | NT$763.0b | NT$68.0b | 16.1x | 18.3x | 1.6x |
| Tue, 04 Jul 2023 | NT$1.3t | NT$764.1b | NT$68.5b | 17.1x | 19.3x | 1.7x |
| Thu, 01 Jun 2023 | NT$1.2t | NT$764.3b | NT$66.9b | 16.2x | 18.5x | 1.6x |
| Sat, 29 Apr 2023 | NT$1.1t | NT$758.4b | NT$67.7b | 15.5x | 16.4x | 1.5x |
| Mon, 27 Mar 2023 | NT$1.1t | NT$750.9b | NT$69.1b | 14.7x | 15.9x | 1.5x |
| Wed, 22 Feb 2023 | NT$1.1t | NT$752.3b | NT$74.4b | 13.7x | 14.3x | 1.4x |
| Fri, 20 Jan 2023 | NT$945.4b | NT$752.3b | NT$74.4b | 12.7x | 12.7x | 1.3x |
| Sun, 18 Dec 2022 | NT$959.1b | NT$750.1b | NT$74.2b | 12.4x | 12.9x | 1.3x |
| Tue, 15 Nov 2022 | NT$907.2b | NT$743.1b | NT$65.5b | 12.5x | 13.9x | 1.2x |
| Thu, 13 Oct 2022 | NT$855.4b | NT$733.3b | NT$57.8b | 14.8x | 14.8x | 1.2x |
| Sat, 10 Sep 2022 | NT$941.9b | NT$733.3b | NT$57.8b | 16.1x | 16.3x | 1.3x |
| Mon, 08 Aug 2022 | NT$898.4b | NT$718.9b | NT$57.1b | 15.1x | 15.7x | 1.2x |
| Wed, 06 Jul 2022 | NT$886.3b | NT$703.9b | NT$54.8b | 15.2x | 16.2x | 1.3x |
| Fri, 03 Jun 2022 | NT$971.2b | NT$703.6b | NT$55.0b | 15.2x | 17.7x | 1.4x |
| Sun, 01 May 2022 | NT$922.9b | NT$670.2b | NT$53.2b | 15x | 17.4x | 1.4x |
| Tue, 29 Mar 2022 | NT$936.8b | NT$663.4b | NT$50.6b | 16.7x | 18.5x | 1.4x |
| Thu, 24 Feb 2022 | NT$923.4b | NT$653.7b | NT$46.7b | 15.9x | 19.8x | 1.4x |
| Sat, 22 Jan 2022 | NT$918.9b | NT$638.3b | NT$43.9b | 16x | 20.9x | 1.4x |
| Mon, 20 Dec 2021 | NT$927.3b | NT$637.5b | NT$43.8b | 16.1x | 21.1x | 1.5x |
| Wed, 17 Nov 2021 | NT$948.8b | NT$633.9b | NT$42.7b | 15.9x | 22.2x | 1.5x |
| Fri, 15 Oct 2021 | NT$845.3b | NT$608.0b | NT$40.1b | 14.5x | 21.1x | 1.4x |
| Sun, 12 Sep 2021 | NT$801.6b | NT$608.0b | NT$40.1b | 14.8x | 20x | 1.3x |
| Tue, 10 Aug 2021 | NT$823.7b | NT$606.2b | NT$39.5b | 15x | 20.9x | 1.4x |
| Mon, 03 May 2021 | NT$850.1b | NT$572.9b | NT$39.4b | 16.7x | 21.6x | 1.5x |
Price to Earnings Ratio
21.6x
Current Industry PE
- Investors are optimistic on the Taiwanese Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.2x which is higher than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 4.7% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 | -2.26% | |
| Industrials | -0.85% | |
| Electrical | -4.85% | |
| Electrical Components | -4.74% | |
| Heavy Electrical Equipment | -5.44% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 41.3%, which is higher than its past year's earnings decline of 9.0% per year.
- Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.6x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 9.0% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow 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 | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6781 Advanced Energy Solution Holding | NT$618.00 | 7.5% +NT$3.7b | -9.8% | PE26.8x | |
| 3617 Cyber Power Systems | NT$259.50 | 11.1% +NT$2.4b | 121.5% | PE16.1x | |
| 3665 Bizlink Holding | NT$233.50 | 3.1% +NT$1.1b | -10.4% | PE16.5x | |
| 6282 AcBel Polytech | NT$39.85 | 0.9% +NT$301.7m | -5.8% | PE1582.8x | |
| 6115 I-Sheng Electric Wire & Cable | NT$52.30 | 1.9% +NT$187.7m | 13.8% | PE16.3x |
