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Taiwanese (TAIEX) Machinery Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies125
  • 7D9.2%
  • 3M20.8%
  • 1Y65.3%
  • YTD25.2%

The Machinery industry is up 12% in the last week, with Airtac International Group up 10%. In the same time, Shin Zu Shing was down 9.2%. This means that the industry has gained 60% over the past year. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the Taiwanese Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026NT$1.8tNT$493.6bNT$38.7b28.6x45.8x3.6x
Sat, 14 Mar 2026NT$1.5tNT$501.5bNT$40.3b26x36.7x2.9x
Mon, 09 Feb 2026NT$1.5tNT$496.5bNT$36.7b25.5x40.3x3x
Wed, 07 Jan 2026NT$1.4tNT$496.1bNT$36.6b25.7x37x2.7x
Fri, 05 Dec 2025NT$1.3tNT$495.6bNT$36.5b24.1x34.6x2.5x
Sun, 02 Nov 2025NT$1.3tNT$490.3bNT$33.3b24.4x38.4x2.6x
Tue, 30 Sep 2025NT$1.2tNT$490.4bNT$33.4b22.9x37x2.5x
Thu, 28 Aug 2025NT$1.3tNT$485.4bNT$33.3b24.2x39.1x2.7x
Sat, 26 Jul 2025NT$1.2tNT$472.8bNT$39.9b17.7x29x2.5x
Mon, 23 Jun 2025NT$1.1tNT$472.5bNT$39.9b17.5x28.3x2.4x
Wed, 21 May 2025NT$1.1tNT$472.4bNT$39.9b18x28.3x2.4x
Fri, 18 Apr 2025NT$998.1bNT$459.3bNT$41.0b16.8x24.4x2.2x
Sun, 16 Mar 2025NT$1.2tNT$442.4bNT$38.8b20.6x31.3x2.7x
Tue, 11 Feb 2025NT$1.2tNT$442.0bNT$39.0b20.1x31.7x2.8x
Thu, 09 Jan 2025NT$1.2tNT$442.0bNT$39.0b20.3x31.2x2.8x
Sat, 07 Dec 2024NT$1.2tNT$440.8bNT$38.8b20x29.8x2.6x
Mon, 04 Nov 2024NT$1.2tNT$440.1bNT$40.7b19.3x29x2.7x
Wed, 02 Oct 2024NT$1.2tNT$437.2bNT$40.5b19.8x29.5x2.7x
Fri, 30 Aug 2024NT$1.1tNT$437.0bNT$39.9b20x28.2x2.6x
Sun, 28 Jul 2024NT$1.1tNT$433.5bNT$37.9b20x28.6x2.5x
Tue, 25 Jun 2024NT$1.1tNT$433.5bNT$37.9b20x29.3x2.6x
Thu, 23 May 2024NT$1.1tNT$427.4bNT$36.6b20.7x30.1x2.6x
Sat, 20 Apr 2024NT$1.1tNT$424.7bNT$32.3b21.9x32.6x2.5x
Mon, 18 Mar 2024NT$993.6bNT$423.9bNT$31.6b20.1x31.4x2.3x
Wed, 14 Feb 2024NT$925.5bNT$427.5bNT$30.4b19.3x30.5x2.2x
Fri, 12 Jan 2024NT$880.4bNT$427.4bNT$30.4b19.3x29x2.1x
Sun, 10 Dec 2023NT$894.7bNT$427.4bNT$30.4b19x29.4x2.1x
Tue, 07 Nov 2023NT$863.3bNT$431.8bNT$31.4b17.1x27.5x2x
Thu, 05 Oct 2023NT$873.4bNT$431.6bNT$31.6b17.7x27.7x2x
Sat, 02 Sep 2023NT$857.4bNT$432.2bNT$31.6b17.9x27.1x2x
Mon, 31 Jul 2023NT$883.8bNT$438.9bNT$33.7b17.5x26.2x2x
Wed, 28 Jun 2023NT$877.2bNT$438.1bNT$33.8b16.7x26x2x
Fri, 26 May 2023NT$846.6bNT$449.1bNT$38.9b13.8x21.8x1.9x
Sun, 23 Apr 2023NT$828.4bNT$436.4bNT$39.0b13.2x21.3x1.9x
Price to Earnings Ratio

21.3x


Total Market Cap: NT$828.4bTotal Earnings: NT$39.0bTotal Revenue: NT$436.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Machinery Industry Price to Earnings3Y Average 30.7x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.2x which is higher than its 3-year average PE of 30.7x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Taiwanese Industrials industry?

TW Market5.65%
Industrials5.13%
Machinery9.21%
Industrial Machinery9.45%
Construction Machinery and Vehicles2.09%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 27.0x.
    • Analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings decline of 12.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 30% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1590 Airtac International GroupNT$1.19k10.2%
+NT$22.0b		45.0%PE28.2x
8996 Kaori Heat TreatmentNT$1.10k19.4%
+NT$16.5b		436.6%PE122x
7750 Syntec TechnologyNT$1.66k14.9%
+NT$15.4b		286.0%PE52.2x
2049 Hiwin TechnologiesNT$282.0016.8%
+NT$14.3b		45.4%PE65.4x
2467 C Sun MfgNT$510.0013.6%
+NT$9.3b		287.8%PE93.5x

Latest News

7750
NT$1,660.00
Syntec Technology
7D
14.9%
1Y
286.0%
2049
NT$282.00
Hiwin Technologies
7D
16.8%
1Y
45.4%
1590
NT$1,185.00
Airtac International Group
7D
10.2%
1Y
45.0%

1590: Slightly Higher Fair Value Assumptions Will Support An Undervalued Outlook

Airtac International Group’s analyst price target has been revised from NT$1,236 to about NT$1,255, with analysts attributing the change to updated fair value analysis that reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E. Valuation Changes Fair Value: Updated from NT$1,236 to about NT$1,254.78, a small upward adjustment in the modelled valuation.
1584
NT$20.90
S-Tech
7D
-6.1%
1Y
-30.3%
8996
NT$1,100.00
Kaori Heat Treatment
7D
19.4%
1Y
436.6%
2467
NT$510.00
C Sun Mfg
7D
13.6%
1Y
287.8%
3376
NT$192.00
Shin Zu Shing
7D
-9.2%
1Y
4.3%
4532
NT$24.05
Rechi Precision
7D
-7.1%
1Y
-5.9%
4912
NT$88.50
Lemtech Holdings
7D
-2.3%
1Y
10.0%
7909
NT$910.00
Ye Siang Enterprise
7D
10.3%
1Y
n/a
4583
NT$742.00
Apex Dynamics
7D
9.4%
1Y
31.1%
7744
NT$489.00
W&B Technology
7D
-0.9%
1Y
242.0%
2208
NT$20.45
CSBC
7D
-1.2%
1Y
15.5%
7848
NT$436.50
Chi Yi Hsin Technology
7D
-1.6%
1Y
n/a
4573
NT$442.00
Gmt Global
7D
40.3%
1Y
931.5%
1515
NT$23.00
Rexon IndustrialLtd
7D
-4.2%
1Y
-30.1%