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Taiwanese (TAIEX) Chemicals Industry Analysis

UpdatedApr 22, 2024
DataAggregated Company Financials
Companies95
  • 7D-4.1%
  • 3M-0.9%
  • 1Y-15.1%
  • YTD-8.7%

Over the last 7 days, the Chemicals industry has dropped 4.1%, driven by Jinan Acetate Chemical declining 19%. Meanwhile, China Petrochemical Development actually outperformed within the industry, gaining 5.6% in the last week. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 53% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Apr 2024NT$2.1tNT$1.5tNT$46.7b23.2x44.4x1.4x
Thu, 21 Mar 2024NT$2.1tNT$1.5tNT$45.5b23.2x45.5x1.4x
Sat, 17 Feb 2024NT$2.2tNT$1.5tNT$33.0b22.6x65.9x1.5x
Mon, 15 Jan 2024NT$2.2tNT$1.5tNT$33.0b20.6x66.8x1.5x
Wed, 13 Dec 2023NT$2.3tNT$1.5tNT$33.0b21.5x69x1.5x
Fri, 10 Nov 2023NT$2.2tNT$1.5tNT$30.3b22.3x73.6x1.5x
Sun, 08 Oct 2023NT$2.2tNT$1.5tNT$26.6b23.1x83.6x1.5x
Tue, 05 Sep 2023NT$2.3tNT$1.5tNT$24.8b24.8x91.7x1.5x
Thu, 03 Aug 2023NT$2.3tNT$1.7tNT$66.6b23.4x34.9x1.4x
Sat, 01 Jul 2023NT$2.3tNT$1.7tNT$67.7b22.1x34.6x1.4x
Mon, 29 May 2023NT$2.4tNT$1.7tNT$92.7b18.2x26.3x1.4x
Wed, 26 Apr 2023NT$2.4tNT$1.8tNT$111.3b17.4x21.6x1.4x
Fri, 24 Mar 2023NT$2.4tNT$1.8tNT$113.7b16.8x21.1x1.4x
Sun, 19 Feb 2023NT$2.4tNT$1.9tNT$176.3b15.4x13.6x1.3x
Tue, 17 Jan 2023NT$2.3tNT$1.9tNT$176.3b14.4x13.3x1.3x
Thu, 15 Dec 2022NT$2.3tNT$1.9tNT$176.3b14.3x13.2x1.2x
Sat, 12 Nov 2022NT$2.3tNT$1.9tNT$196.6b12.8x11.6x1.2x
Mon, 10 Oct 2022NT$2.2tNT$1.9tNT$224.6b13.2x9.8x1.2x
Wed, 07 Sep 2022NT$2.3tNT$1.9tNT$224.6b14.9x10.2x1.2x
Fri, 05 Aug 2022NT$2.3tNT$1.9tNT$249.9b14.7x9.1x1.2x
Sun, 03 Jul 2022NT$2.5tNT$1.9tNT$249.4b14.2x10.2x1.3x
Tue, 31 May 2022NT$2.7tNT$1.9tNT$248.9b15.8x10.8x1.4x
Thu, 28 Apr 2022NT$2.7tNT$1.9tNT$263.5b17.6x10.2x1.4x
Sat, 26 Mar 2022NT$2.8tNT$1.9tNT$263.6b17.7x10.7x1.5x
Mon, 21 Feb 2022NT$2.8tNT$1.8tNT$258.5b18.5x10.8x1.6x
Wed, 19 Jan 2022NT$2.8tNT$1.8tNT$258.5b19x10.7x1.6x
Fri, 17 Dec 2021NT$2.7tNT$1.8tNT$258.5b17.6x10.3x1.5x
Sun, 14 Nov 2021NT$2.8tNT$1.7tNT$255.8b17.2x10.8x1.6x
Tue, 12 Oct 2021NT$2.9tNT$1.6tNT$236.6b15.8x12.1x1.8x
Thu, 09 Sep 2021NT$2.6tNT$1.6tNT$236.6b15.3x11.2x1.6x
Sat, 07 Aug 2021NT$2.7tNT$1.6tNT$236.6b16.8x11.6x1.7x
Fri, 30 Apr 2021NT$2.9tNT$1.4tNT$171.8b17.6x16.7x2x
Price to Earnings Ratio

16.7x


Total Market Cap: NT$2.9tTotal Earnings: NT$171.8bTotal Revenue: NT$1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Chemicals Industry Price to Earnings3Y Average 27.8x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 44.4x which is higher than its 3-year average PE of 27.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 35% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 industry?

TW Market-5.75%
Materials-2.04%
Chemicals-4.09%
Industrial Gases1.82%
Diversified Chemicals0%
Fertilizers and Agricultural Chemicals-1.01%
Commodity Chemicals-4.24%
Specialty Chemicals-4.31%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 37.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 18.8x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 56% over the next 5 years.
  • This is better than its past earnings decline of 35% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 6.3% 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
1303 Nan Ya PlasticsNT$56.702.2%
+NT$9.5b
-26.7%PE71.3x
1301 Formosa PlasticsNT$69.201.8%
+NT$7.6b
-24.8%PE60x
1326 Formosa Chemicals & FibreNT$54.701.5%
+NT$4.7b
-20.5%PE37.4x
1314 China Petrochemical DevelopmentNT$10.208.4%
+NT$3.0b
1.0%PS1.5x
1722 Taiwan FertilizerNT$63.903.4%
+NT$2.1b
10.4%PE16x
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Latest News

4303

NT$42.00

HsinLi Chemical Industrial

7D

-14.4%

1Y

148.5%

4763

NT$732.00

Jinan Acetate Chemical

7D

-10.8%

1Y

95.4%

3708

NT$142.50

Swancor Holding

7D

14.0%

1Y

42.5%

1326

NT$54.70

Formosa Chemicals & Fibre

7D

1.5%

1Y

-20.5%

1301

NT$69.20

Formosa Plastics

7D

1.8%

1Y

-24.8%

4766

NT$326.50

Nan Pao Resins Chemical

7D

-5.5%

1Y

125.2%

4770

NT$411.50

Allied Supreme

7D

-7.2%

1Y

55.9%

1409

NT$16.60

Shinkong Synthetic Fibers

7D

4.4%

1Y

-5.4%

1785

NT$44.20

Solar Applied Materials Technology

7D

-6.6%

1Y

26.5%

2103

NT$24.35

TSRC

7D

3.2%

1Y

-12.4%