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Taiwanese (TAIEX) Chemicals Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies96
  • 7D-2.4%
  • 3M-4.1%
  • 1Y-13.9%
  • YTD-11.0%

Over the last 7 days, the Chemicals industry has dropped 2.4%, driven by a pullback from Formosa Plastics of 2.8%. However, the industry is down 14% over the past year. As for the next few years, earnings are expected to grow by 46% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NT$2.0tNT$1.5tNT$51.4b25.2x39.3x1.4x
Sun, 23 Jun 2024NT$2.0tNT$1.5tNT$51.3b24.9x39.9x1.4x
Tue, 21 May 2024NT$2.2tNT$1.5tNT$51.2b21.7x42.2x1.5x
Thu, 18 Apr 2024NT$2.1tNT$1.5tNT$46.7b24.1x45x1.4x
Sat, 16 Mar 2024NT$2.1tNT$1.5tNT$44.9b21.8x46.6x1.4x
Mon, 12 Feb 2024NT$2.1tNT$1.5tNT$33.0b21.2x65x1.4x
Wed, 10 Jan 2024NT$2.2tNT$1.5tNT$33.0b20.5x67.6x1.5x
Fri, 08 Dec 2023NT$2.3tNT$1.5tNT$33.0b21.3x69.2x1.5x
Sun, 05 Nov 2023NT$2.2tNT$1.5tNT$26.4b22.8x83.6x1.4x
Tue, 03 Oct 2023NT$2.2tNT$1.5tNT$26.6b23.1x84x1.5x
Thu, 31 Aug 2023NT$2.2tNT$1.5tNT$24.8b24.5x89.8x1.5x
Sat, 29 Jul 2023NT$2.3tNT$1.7tNT$67.1b22.7x34.7x1.4x
Mon, 26 Jun 2023NT$2.4tNT$1.7tNT$67.9b22.4x36.1x1.5x
Wed, 24 May 2023NT$2.5tNT$1.7tNT$96.5b17.5x25.6x1.4x
Fri, 21 Apr 2023NT$2.4tNT$1.8tNT$111.2b17.4x21.7x1.4x
Sun, 19 Mar 2023NT$2.4tNT$1.8tNT$113.6b16.8x20.9x1.3x
Tue, 14 Feb 2023NT$2.4tNT$1.9tNT$176.3b15.3x13.5x1.3x
Thu, 12 Jan 2023NT$2.3tNT$1.9tNT$176.3b14.6x13.2x1.3x
Sat, 10 Dec 2022NT$2.3tNT$1.9tNT$176.3b14.1x13.1x1.2x
Mon, 07 Nov 2022NT$2.2tNT$1.9tNT$216.8b12.2x10x1.1x
Wed, 05 Oct 2022NT$2.2tNT$1.9tNT$224.6b13.2x10x1.2x
Fri, 02 Sep 2022NT$2.3tNT$1.9tNT$224.6b15.4x10.3x1.2x
Sun, 31 Jul 2022NT$2.3tNT$1.9tNT$249.6b15.4x9.2x1.2x
Tue, 28 Jun 2022NT$2.7tNT$1.9tNT$249.4b14.7x10.7x1.4x
Thu, 26 May 2022NT$2.6tNT$1.9tNT$248.9b15.2x10.6x1.4x
Sat, 23 Apr 2022NT$2.8tNT$1.9tNT$263.5b18x10.5x1.5x
Mon, 21 Mar 2022NT$2.8tNT$1.9tNT$263.4b17.4x10.6x1.5x
Wed, 16 Feb 2022NT$2.7tNT$1.8tNT$258.5b18.6x10.6x1.6x
Fri, 14 Jan 2022NT$2.8tNT$1.8tNT$258.5b18.5x10.8x1.6x
Sun, 12 Dec 2021NT$2.7tNT$1.8tNT$258.5b17.3x10.5x1.5x
Tue, 09 Nov 2021NT$2.8tNT$1.7tNT$235.1b17.7x11.7x1.7x
Thu, 07 Oct 2021NT$2.8tNT$1.6tNT$236.6b15.6x12x1.8x
Sat, 04 Sep 2021NT$2.7tNT$1.6tNT$236.6b15.8x11.3x1.7x
Mon, 02 Aug 2021NT$2.7tNT$1.6tNT$236.6b16.7x11.6x1.7x
Price to Earnings Ratio

11.6x


Total Market Cap: NT$2.7tTotal Earnings: NT$236.6bTotal Revenue: NT$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Chemicals Industry Price to Earnings3Y Average 30.1x202220232024
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 39.3x which is higher than its 3-year average PE of 30.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 40% per year over the last three years,
  • Revenues have also declined 2.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

TW Market-2.30%
Materials-1.74%
Chemicals-2.39%
Fertilizers and Agricultural Chemicals1.06%
Diversified Chemicals0%
Commodity Chemicals-2.45%
Specialty Chemicals-3.14%
Industrial Gases-3.82%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 52.0x.
    • Analysts are expecting annual earnings growth of 48.5%, which is higher than its past year's earnings growth of 3.3% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 3.3% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
1712 SinonNT$46.004.8%
+NT$883.0m		26.9%PE18.1x
6581 Taiwan Steel UnionNT$110.504.2%
+NT$500.7m		22.8%PE22.4x
6585 DingZing Advanced MaterialsNT$182.503.1%
+NT$386.5m		135.2%PE23.1x
1307 San Fang Chemical IndustryNT$31.552.4%
+NT$298.4m		36.3%PE12.3x
1710 Oriental Union ChemicalNT$17.901.7%
+NT$263.1m		-17.7%PS0.8x
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Latest News

6534

NT$82.60

CH Biotech R&D

7D

3.1%

1Y

10.1%

1326

NT$50.00

Formosa Chemicals & Fibre

7D

-1.0%

1Y

-23.2%

Formosa Chemicals & Fibre Corporation (TWSE:1326) Shares Could Be 44% Below Their Intrinsic Value Estimate

Jul 26
Formosa Chemicals & Fibre Corporation (TWSE:1326) Shares Could Be 44% Below Their Intrinsic Value Estimate

6581

NT$110.50

Taiwan Steel Union

7D

4.2%

1Y

22.8%

5234

NT$138.50

Daxin Materials

7D

-7.4%

1Y

4.1%

1301

NT$58.80

Formosa Plastics

7D

-2.2%

1Y

-29.2%

4763

NT$820.00

Jinan Acetate Chemical

7D

-3.4%

1Y

-1.5%

Market Still Lacking Some Conviction On Jinan Acetate Chemical Co., Ltd. (TWSE:4763)

Jul 11
Market Still Lacking Some Conviction On Jinan Acetate Chemical Co., Ltd. (TWSE:4763)

2107

NT$27.15

Formosan Rubber Group

7D

2.8%

1Y

14.7%

1307

NT$31.55

San Fang Chemical Industry

7D

2.4%

1Y

36.3%

1785

NT$63.00

Solar Applied Materials Technology

7D

-3.1%

1Y

66.7%

1303

NT$49.70

Nan Ya Plastics

7D

-1.4%

1Y

-28.8%

1314

NT$10.35

China Petrochemical Development

7D

-2.8%

1Y

10.3%

Is China Petrochemical Development (TWSE:1314) Using Too Much Debt?

Jul 05
Is China Petrochemical Development (TWSE:1314) Using Too Much Debt?

3595

NT$41.00

Alliance Material

7D

27.7%

1Y

121.0%

6585

NT$182.50

DingZing Advanced Materials

7D

3.1%

1Y

135.2%

4772

NT$153.00

Taiwan Speciality Chemicals

7D

-5.6%

1Y

91.0%

1710

NT$17.90

Oriental Union Chemical

7D

1.7%

1Y

-17.7%

Oriental Union Chemical (TWSE:1710) Has Affirmed Its Dividend Of NT$0.20

Jun 15
Oriental Union Chemical (TWSE:1710) Has Affirmed Its Dividend Of NT$0.20

1712

NT$46.00

Sinon

7D

4.8%

1Y

26.9%