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Taiwanese (TAIEX) Machinery Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies125
  • 7D-3.3%
  • 3M30.5%
  • 1Y62.7%
  • YTD39.2%

Over the last 7 days, the Machinery industry has dropped 3.3%, driven by declines in Airtac International Group and Hiwin Technologies of 5.7% and 11%, respectively. In contrast, Shin Zu Shing has gained 17%. This takes the industry's 12 month performance to a gain of 63%. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026NT$2.0tNT$512.7bNT$43.8b28.3x45.2x3.9x
Tue, 05 May 2026NT$2.0tNT$493.5bNT$38.7b30.8x51.9x4.1x
Thu, 02 Apr 2026NT$1.6tNT$493.3bNT$38.6b27x40.5x3.2x
Sat, 28 Feb 2026NT$1.6tNT$496.1bNT$36.7b27.3x42.4x3.1x
Mon, 26 Jan 2026NT$1.5tNT$496.0bNT$36.6b25.9x40.1x3x
Wed, 24 Dec 2025NT$1.3tNT$496.1bNT$36.6b23.9x35.8x2.6x
Fri, 21 Nov 2025NT$1.2tNT$495.5bNT$36.5b24.7x33x2.4x
Sun, 19 Oct 2025NT$1.3tNT$490.4bNT$33.3b24x37.6x2.6x
Tue, 16 Sep 2025NT$1.3tNT$488.5bNT$33.1b24x38.5x2.6x
Thu, 14 Aug 2025NT$1.2tNT$481.5bNT$36.3b20.3x32.8x2.5x
Sat, 12 Jul 2025NT$1.1tNT$472.5bNT$39.9b17.2x28.4x2.4x
Mon, 09 Jun 2025NT$1.1tNT$472.5bNT$39.9b17.9x28.8x2.4x
Wed, 07 May 2025NT$1.1tNT$461.1bNT$41.3b17x26.1x2.3x
Fri, 04 Apr 2025NT$1.1tNT$446.8bNT$40.5b19x28x2.5x
Sun, 02 Mar 2025NT$1.3tNT$442.4bNT$39.2b21.1x32.3x2.9x
Tue, 28 Jan 2025NT$1.2tNT$442.0bNT$39.0b20.2x31x2.7x
Thu, 26 Dec 2024NT$1.2tNT$441.3bNT$38.8b21x31.9x2.8x
Sat, 23 Nov 2024NT$1.2tNT$440.9bNT$39.0b19.8x29.8x2.6x
Mon, 21 Oct 2024NT$1.2tNT$439.8bNT$40.8b19.8x29.7x2.8x
Wed, 18 Sep 2024NT$1.1tNT$437.5bNT$40.6b19.3x27.4x2.5x
Fri, 16 Aug 2024NT$1.1tNT$436.3bNT$39.3b19.1x26.9x2.4x
Sun, 14 Jul 2024NT$1.1tNT$433.5bNT$37.9b20.8x30.2x2.6x
Tue, 11 Jun 2024NT$1.1tNT$425.6bNT$37.2b20.6x29x2.5x
Thu, 09 May 2024NT$1.1tNT$429.2bNT$33.6b22.1x31.7x2.5x
Sat, 06 Apr 2024NT$1.1tNT$425.5bNT$32.5b22.7x33x2.5x
Mon, 04 Mar 2024NT$1.0tNT$428.2bNT$30.5b20.8x33.8x2.4x
Wed, 31 Jan 2024NT$896.0bNT$427.4bNT$30.4b19.1x29.5x2.1x
Fri, 29 Dec 2023NT$903.0bNT$427.4bNT$30.4b19.4x29.7x2.1x
Sun, 26 Nov 2023NT$905.0bNT$428.0bNT$30.5b17.9x29.7x2.1x
Tue, 24 Oct 2023NT$836.5bNT$432.5bNT$31.6b16.9x26.5x1.9x
Thu, 21 Sep 2023NT$848.4bNT$431.6bNT$31.6b17.7x26.9x2x
Sat, 19 Aug 2023NT$841.1bNT$433.7bNT$32.5b17.3x25.9x1.9x
Mon, 17 Jul 2023NT$897.1bNT$439.8bNT$33.9b17.6x26.5x2x
Wed, 14 Jun 2023NT$868.9bNT$437.6bNT$33.7b16.2x25.8x2x
Price to Earnings Ratio

25.8x


Total Market Cap: NT$868.9bTotal Earnings: NT$33.7bTotal Revenue: NT$437.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Machinery Industry Price to Earnings3Y Average 32x202420252026
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 32.0x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 5.4% 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 Market0.45%
Industrials1.90%
Machinery-3.26%
Construction Machinery and Vehicles-0.03%
Industrial Machinery-3.34%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 28.3x.
    • Analysts are expecting annual earnings growth of 32.1%, which is higher than its past year's earnings decline of 12.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 32% 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
3376 Shin Zu ShingNT$237.0017.0%
+NT$6.8b		28.8%PE350.4x
8996 Kaori Heat TreatmentNT$1.13k3.2%
+NT$3.2b		362.0%PE79.5x
4537 Shuz Tung Machinery IndustrialNT$185.0015.3%
+NT$1.9b		576.4%PE237.3x
5426 Cheng Fwa IndustrialNT$29.9560.6%
+NT$1.6b		29.9%PE76.3x
1515 Rexon IndustrialLtdNT$26.3020.6%
+NT$816.6m		-12.3%PE27x

Latest News

1515
NT$26.30
Rexon IndustrialLtd
7D
20.6%
1Y
-12.3%
1590
NT$1,320.00
Airtac International Group
7D
-5.7%
1Y
43.0%
Narrative Update • Jun 02

1590: Stable Assumptions Will Support A More Constructive Forward Outlook

Airtac International Group’s updated analyst price target remains at NT$1,708.17. Analysts are fine tuning assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect slightly revised expectations, while keeping their overall valuation view unchanged.
5426
NT$29.95
Cheng Fwa Industrial
7D
60.6%
1Y
29.9%
8996
NT$1,125.00
Kaori Heat Treatment
7D
3.2%
1Y
362.0%
7750
NT$2,260.00
Syntec Technology
7D
-5.4%
1Y
218.8%
2421
NT$161.50
Sunonwealth Electric Machine Industry
7D
1.6%
1Y
50.2%
3376
NT$237.00
Shin Zu Shing
7D
17.0%
1Y
28.8%
1560
NT$698.00
Kinik
7D
-2.8%
1Y
144.1%
4526
NT$42.15
Tongtai Machine & Tool
7D
8.2%
1Y
64.3%
4583
NT$675.00
Apex Dynamics
7D
-6.1%
1Y
-15.2%
6727
NT$472.50
Asia Metal Industries
7D
-19.4%
1Y
691.5%
2049
NT$345.00
Hiwin Technologies
7D
-11.3%
1Y
55.8%
2208
NT$18.35
CSBC
7D
3.4%
1Y
14.3%
2467
NT$580.00
C Sun Mfg
7D
-6.3%
1Y
305.6%
2464
NT$165.00
Mirle Automation
7D
-10.6%
1Y
176.4%
4537
NT$185.00
Shuz Tung Machinery Industrial
7D
15.3%
1Y
576.4%