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Taiwanese (TAIEX) Machinery Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies121
  • 7D-2.1%
  • 3M1.8%
  • 1Y16.8%
  • YTD15.0%

Over the last 7 days, the Machinery industry has dropped 2.1%, driven by a pullback from Airtac International Group of 3.5%. Meanwhile, Kaori Heat Treatment actually outperformed within the industry, gaining 13% in the last week. In the past year, the industry has gained 17%. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024NT$1.1tNT$440.7bNT$38.9b19.7x29.5x2.6x
Sat, 19 Oct 2024NT$1.2tNT$439.8bNT$40.8b19.8x29.7x2.8x
Mon, 16 Sep 2024NT$1.1tNT$437.5bNT$40.6b19.4x27.3x2.5x
Wed, 14 Aug 2024NT$1.1tNT$437.0bNT$39.3b19.3x26.8x2.4x
Fri, 12 Jul 2024NT$1.1tNT$433.5bNT$37.9b20.9x30.4x2.7x
Sun, 09 Jun 2024NT$1.1tNT$425.6bNT$37.2b20.6x29x2.5x
Tue, 07 May 2024NT$1.1tNT$428.3bNT$33.4b22x31.6x2.5x
Thu, 04 Apr 2024NT$1.1tNT$425.5bNT$32.5b22.7x32.9x2.5x
Sat, 02 Mar 2024NT$1.0tNT$427.8bNT$30.5b20.8x33.8x2.4x
Mon, 29 Jan 2024NT$883.6bNT$427.4bNT$30.4b19x29.1x2.1x
Wed, 27 Dec 2023NT$898.1bNT$427.4bNT$30.4b19.7x29.5x2.1x
Fri, 24 Nov 2023NT$899.9bNT$430.1bNT$30.5b17.7x29.5x2.1x
Sun, 22 Oct 2023NT$838.3bNT$432.5bNT$31.6b17x26.5x1.9x
Tue, 19 Sep 2023NT$853.2bNT$431.6bNT$31.6b18.2x27x2x
Thu, 17 Aug 2023NT$840.6bNT$434.3bNT$32.2b17.6x26.1x1.9x
Sat, 15 Jul 2023NT$897.1bNT$439.8bNT$33.9b17.6x26.5x2x
Mon, 12 Jun 2023NT$859.7bNT$437.6bNT$33.7b16.2x25.5x2x
Wed, 10 May 2023NT$822.0bNT$440.0bNT$38.8b13.9x21.2x1.9x
Fri, 07 Apr 2023NT$835.6bNT$436.1bNT$38.7b13.6x21.6x1.9x
Sun, 05 Mar 2023NT$803.6bNT$437.0bNT$40.6b13.1x19.8x1.8x
Tue, 31 Jan 2023NT$740.8bNT$442.2bNT$41.4b12.3x17.9x1.7x
Thu, 29 Dec 2022NT$694.7bNT$442.2bNT$41.4b12x16.8x1.6x
Sat, 26 Nov 2022NT$685.7bNT$442.2bNT$41.4b11.7x16.6x1.6x
Mon, 24 Oct 2022NT$606.7bNT$446.0bNT$40.1b12.3x15.1x1.4x
Wed, 21 Sep 2022NT$686.9bNT$445.2bNT$40.1b13.5x17.1x1.5x
Fri, 19 Aug 2022NT$700.5bNT$441.5bNT$39.8b13.6x17.6x1.6x
Sun, 17 Jul 2022NT$681.9bNT$444.4bNT$39.6b13.2x17.2x1.5x
Tue, 14 Jun 2022NT$741.0bNT$444.4bNT$39.6b14x18.7x1.7x
Thu, 12 May 2022NT$708.1bNT$450.0bNT$37.2b15.1x19.1x1.6x
Sat, 09 Apr 2022NT$762.0bNT$451.1bNT$36.5b16.4x20.9x1.7x
Mon, 07 Mar 2022NT$771.3bNT$442.5bNT$35.4b16.8x21.8x1.7x
Wed, 02 Feb 2022NT$763.1bNT$439.5bNT$35.0b15.7x21.8x1.7x
Fri, 31 Dec 2021NT$822.5bNT$439.6bNT$35.0b16.6x23.5x1.9x
Sun, 28 Nov 2021NT$743.0bNT$439.6bNT$35.0b15.7x21.2x1.7x
Price to Earnings Ratio

21.2x


Total Market Cap: NT$743.0bTotal Earnings: NT$35.0bTotal Revenue: NT$439.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Machinery Industry Price to Earnings3Y Average 24x202220232024
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 29.5x which is higher than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.6% 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 Industrials industry?

TW Market-0.79%
Industrials1.05%
Machinery-2.10%
Agricultural Machinery0%
Industrial Machinery-2.00%
Construction Machinery and Vehicles-4.36%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings growth of 14.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 26% 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
8996 Kaori Heat TreatmentNT$332.0012.7%
+NT$3.4b		35.5%PE56x
2233 TURVO InternationalNT$179.0011.9%
+NT$1.1b		24.3%PE16.2x
1584 S-TechNT$31.30-1.9%
NT$1.1b		-9.8%PE11.6x
6438 Symtek Automation AsiaNT$230.006.7%
+NT$1.1b		112.0%PE45.3x
3376 Shin Zu ShingNT$189.002.2%
+NT$783.0m		56.2%PE29.8x
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Latest News

6438

NT$230.00

Symtek Automation Asia

7D

6.7%

1Y

112.0%

We Think That There Are More Issues For Symtek Automation Asia (TWSE:6438) Than Just Sluggish Earnings

Nov 21
We Think That There Are More Issues For Symtek Automation Asia (TWSE:6438) Than Just Sluggish Earnings

6753

NT$105.00

Lungteh Shipbuilding

7D

-5.4%

1Y

28.5%

Lungteh Shipbuilding's (TWSE:6753) Earnings Offer More Than Meets The Eye

Nov 20
Lungteh Shipbuilding's (TWSE:6753) Earnings Offer More Than Meets The Eye

1584

NT$31.30

S-Tech

7D

-1.9%

1Y

-9.8%

8996

NT$332.00

Kaori Heat Treatment

7D

12.7%

1Y

35.5%

There May Be Some Bright Spots In Kaori Heat Treatment's (TWSE:8996) Earnings

Nov 19
There May Be Some Bright Spots In Kaori Heat Treatment's (TWSE:8996) Earnings

4513

NT$40.40

Falcon Machine Tools

7D

11.3%

1Y

124.6%

2421

NT$98.70

Sunonwealth Electric Machine Industry

7D

-3.2%

1Y

1.8%

Sunonwealth Electric Machine Industry's (TWSE:2421) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 18
Sunonwealth Electric Machine Industry's (TWSE:2421) Shareholders Have More To Worry About Than Only Soft Earnings

2233

NT$179.00

TURVO International

7D

11.9%

1Y

24.3%

4532

NT$27.25

Rechi Precision

7D

4.8%

1Y

34.6%

We Think Rechi Precision's (TWSE:4532) Solid Earnings Are Understated

Nov 15
We Think Rechi Precision's (TWSE:4532) Solid Earnings Are Understated

1590

NT$829.00

Airtac International Group

7D

-3.5%

1Y

-23.9%

3376

NT$189.00

Shin Zu Shing

7D

2.2%

1Y

56.2%

Shin Zu Shing's (TWSE:3376) Promising Earnings May Rest On Soft Foundations

Nov 11
Shin Zu Shing's (TWSE:3376) Promising Earnings May Rest On Soft Foundations

6667

NT$192.00

Trusval Technology

7D

-6.8%

1Y

108.9%

2467

NT$211.00

C Sun Mfg

7D

1.7%

1Y

297.4%

1560

NT$298.50

Kinik

7D

-5.4%

1Y

61.4%

4583

NT$727.00

Apex Dynamics

7D

-7.0%

1Y

229.7%

4585

NT$365.00

Techman Robot

7D

-6.0%

1Y

n/a

4563

NT$93.20

Quaser Machine Tools

7D

-12.5%

1Y

104.6%