Taiwanese (TAIEX) Chemicals Industry Analysis
- 7D-2.4%
- 3M-1.1%
- 1Y18.4%
- YTD10.0%
Over the last 7 days, the Chemicals industry has dropped 2.4%, driven by a decline by Nan Ya Plastics of 3.4%. Meanwhile, Sunko Ink actually outperformed within the industry, gaining 26% in the last week. This takes the industry's 12 month performance to a gain of 18%.
Industry Valuation and Performance
Has the Taiwanese Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Thu, 02 Dec 2021 | NT$2.7t | NT$1.8t | NT$258.5b | 21x |
| Sat, 30 Oct 2021 | NT$2.7t | NT$1.6t | NT$236.6b | 16.5x |
| Mon, 27 Sep 2021 | NT$2.8t | NT$1.6t | NT$236.6b | 16.3x |
| Wed, 25 Aug 2021 | NT$2.6t | NT$1.6t | NT$236.6b | 15.2x |
| Thu, 01 Jul 2021 | NT$2.7t | NT$1.6t | NT$236.6b | 16x |
| Sun, 04 Apr 2021 | NT$2.6t | NT$1.4t | NT$171.8b | 16.2x |
| Wed, 06 Jan 2021 | NT$2.4t | NT$1.3t | NT$105.2b | 20.1x |
| Sat, 10 Oct 2020 | NT$2.0t | NT$1.3t | NT$73.2b | 18.6x |
| Fri, 03 Jul 2020 | NT$2.1t | NT$1.3t | NT$69.1b | 20.5x |
| Mon, 06 Apr 2020 | NT$1.8t | NT$1.4t | NT$87.4b | 15.1x |
| Thu, 09 Jan 2020 | NT$2.3t | NT$1.5t | NT$117.4b | 17.9x |
| Wed, 02 Oct 2019 | NT$2.2t | NT$1.6t | NT$112.9b | 19x |
| Sat, 06 Jul 2019 | NT$2.6t | NT$1.6t | NT$137.5b | 18.1x |
| Tue, 09 Apr 2019 | NT$2.6t | NT$1.7t | NT$168.5b | 16.9x |
| Mon, 31 Dec 2018 | NT$2.4t | NT$1.7t | NT$187.8b | 14.6x |
13.7x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.8x. However, future earnings are expected to decline by 12% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 3.4% 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 Chemicals industry?
| Fertilizers and Agricultural Chemicals | -0.33% | |
| Specialty Chemicals | -1.47% | |
| Commodity Chemicals | -2.61% | |
Industry PE: Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 16.9x. However analysts are expecting annual earnings decline of 15%, which is lower than the prior year's growth of 109% per year. So the market might believe that analysts are underestimating future growth or they expect the Commodity Chemicals industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 20.7x.
Forecasted Growth: Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 36% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Commodity Chemicals industry is expected to see its earnings decline by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 1721 Sunko Ink | 25.8%+NT$1.2b | 141.9% | PS2.1x | |
| 2108 NANTEX Industry | 1.6%+NT$640.1m | 38.4% | PE4.8x | |
| 4766 Nan Pao Resins Chemical | 2.2%+NT$361.7m | -13.6% | PE15.5x | |
| 1712 Sinon | 3.1%+NT$357.4m | 38.6% | PE14.1x | |
| 4141 Rotam Global AgroSciences | 8.7%+NT$330.6m | 70.8% | PS0.4x |