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Taiwanese (TAIEX) Materials Sector Analysis

UpdatedApr 17, 2024
DataAggregated Company Financials
Companies175
  • 7D-3.3%
  • 3M1.9%
  • 1Y-9.7%
  • YTD-4.9%

Over the last 7 days, the Materials industry has dropped 3.3%, driven by declines in Formosa Plastics and Nan Ya Plastics of 5.8% and 5.7%, respectively. Meanwhile, Goldsun Building Materials actually outperformed within the industry, gaining 10% in the last week. However, the industry is down 9.7% over the past year. Earnings are forecast to grow by 45% annually.

Sector Valuation and Performance

Has the Taiwanese Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Apr 2024NT$3.9tNT$3.0tNT$101.0b22.1x38.9x1.3x
Sat, 16 Mar 2024NT$3.8tNT$3.0tNT$98.2b20.7x38.9x1.3x
Mon, 12 Feb 2024NT$3.9tNT$3.1tNT$75.9b20.4x50.8x1.3x
Wed, 10 Jan 2024NT$4.0tNT$3.1tNT$76.0b20.1x52.5x1.3x
Fri, 08 Dec 2023NT$4.0tNT$3.1tNT$76.0b20.3x53x1.3x
Sun, 05 Nov 2023NT$3.8tNT$3.1tNT$73.7b18.5x51.9x1.2x
Tue, 03 Oct 2023NT$3.9tNT$3.1tNT$72.3b18.9x53.5x1.2x
Thu, 31 Aug 2023NT$3.9tNT$3.1tNT$70.5b19.3x55.2x1.2x
Sat, 29 Jul 2023NT$4.1tNT$3.3tNT$130.0b20x31.5x1.2x
Mon, 26 Jun 2023NT$4.3tNT$3.3tNT$131.8b19.6x32.3x1.3x
Wed, 24 May 2023NT$4.3tNT$3.4tNT$177.3b16.7x24x1.2x
Fri, 21 Apr 2023NT$4.2tNT$3.5tNT$203.5b16.3x20.6x1.2x
Sun, 19 Mar 2023NT$4.1tNT$3.5tNT$207.8b15.9x19.9x1.2x
Tue, 14 Feb 2023NT$4.1tNT$3.7tNT$310.0b13.3x13.3x1.1x
Thu, 12 Jan 2023NT$4.0tNT$3.7tNT$310.0b12.8x12.9x1.1x
Sat, 10 Dec 2022NT$3.9tNT$3.7tNT$310.0b12.7x12.7x1.1x
Mon, 07 Nov 2022NT$3.7tNT$3.7tNT$361.2b11x10.2x1x
Wed, 05 Oct 2022NT$3.8tNT$3.8tNT$390.9b11.5x9.7x1x
Fri, 02 Sep 2022NT$4.0tNT$3.8tNT$391.8b12x10.1x1.1x
Sun, 31 Jul 2022NT$3.9tNT$3.7tNT$433.0b12x9x1.1x
Tue, 28 Jun 2022NT$4.4tNT$3.7tNT$432.5b12.2x10.1x1.2x
Thu, 26 May 2022NT$4.5tNT$3.7tNT$432.1b13.1x10.3x1.2x
Sat, 23 Apr 2022NT$4.8tNT$3.6tNT$446.7b14.8x10.8x1.3x
Mon, 21 Mar 2022NT$4.9tNT$3.6tNT$443.3b13.9x11x1.4x
Wed, 16 Feb 2022NT$4.7tNT$3.4tNT$420.8b14.4x11.2x1.4x
Fri, 14 Jan 2022NT$4.8tNT$3.4tNT$420.8b14.8x11.3x1.4x
Sun, 12 Dec 2021NT$4.6tNT$3.4tNT$420.8b14.7x11x1.4x
Tue, 09 Nov 2021NT$4.7tNT$3.3tNT$399.8b15.2x11.8x1.4x
Thu, 07 Oct 2021NT$4.8tNT$3.1tNT$376.8b14.7x12.6x1.5x
Sat, 04 Sep 2021NT$4.7tNT$3.1tNT$376.8b15.5x12.5x1.5x
Mon, 02 Aug 2021NT$4.9tNT$3.1tNT$376.8b16.4x13.1x1.6x
Thu, 06 May 2021NT$5.0tNT$2.8tNT$278.8b18x17.9x1.8x
Price to Earnings Ratio

17.9x


Total Market Cap: NT$5.0tTotal Earnings: NT$278.8bTotal Revenue: NT$2.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Materials Sector Price to Earnings3Y Average 22.8x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.9x which is higher than its 3-year average PE of 22.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.4% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Taiwanese Materials sector?

TW Market-3.71%
Materials-3.32%
Basic Materials-0.45%
Packaging-1.49%
Paper and Forestry Products-3.23%
Chemicals-3.65%
Metals and Mining-4.33%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 28.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Basic Materials industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.8x.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Packaging industry is expected to see its earnings grow by 12% 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
2504 Goldsun Building MaterialsNT$45.8510.2%
+NT$5.0b		64.9%PE15.3x
2211 Evergreen SteelNT$143.007.9%
+NT$4.4b		142.0%PE16.3x
4770 Allied SupremeNT$455.005.6%
+NT$1.9b		52.7%PE21.6x
9939 Taiwan Hon Chuan EnterpriseNT$155.504.4%
+NT$1.9b		55.7%PE18.1x
4768 IngentecNT$266.0017.7%
+NT$1.7b		51.8%PE105.8x
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9955

NT$38.60

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1326

NT$53.60

Formosa Chemicals & Fibre

7D

-4.5%

1Y

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NT$24.45

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9939

NT$155.50

Taiwan Hon Chuan Enterprise

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1301

NT$67.80

Formosa Plastics

7D

-5.8%

1Y

-26.7%

1303

NT$55.00

Nan Ya Plastics

7D

-5.7%

1Y

-28.6%

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2014

NT$22.25

Chung Hung Steel

7D

-7.7%

1Y

-14.9%

1102

NT$41.45

Asia Cement

7D

-2.5%

1Y

-4.3%

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Apr 09
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2211

NT$143.00

Evergreen Steel

7D

7.9%

1Y

142.0%

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Apr 08
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2015

NT$67.80

Feng Hsin Steel

7D

-6.9%

1Y

-2.7%

4763

NT$829.00

Jinan Acetate Chemical

7D

-9.4%

1Y

97.1%

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2504

NT$45.85

Goldsun Building Materials

7D

10.2%

1Y

64.9%

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4770

NT$455.00

Allied Supreme

7D

5.6%

1Y

52.7%

4768

NT$266.00

Ingentec

7D

17.7%

1Y

51.8%

1532

NT$41.75

China Metal Products

7D

7.3%

1Y

18.6%