Is Now The Time To Put Evergreen Steel (TWSE:2211) On Your Watchlist?
Aug 08
Taiwanese (TAIEX) Metals and Mining Industry Analysis
UpdatedAug 08, 2024
DataAggregated Company Financials
Companies49
- 7D-4.6%
- 3M-7.7%
- 1Y-6.2%
- YTD-9.2%
Over the last 7 days, the Metals and Mining industry has dropped 4.6%, driven by a pullback from China Steel of 3.9%. However, the industry is down 6.2% over the past year. As for the next few years, earnings are expected to grow by 47% per annum.
Industry Valuation and Performance
Has the Taiwanese Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Aug 2024 | NT$916.7b | NT$988.5b | NT$22.6b | 17.9x | 40.6x | 0.9x |
| Sat, 06 Jul 2024 | NT$997.5b | NT$990.3b | NT$22.6b | 18.9x | 44.2x | 1x |
| Mon, 03 Jun 2024 | NT$1.0t | NT$993.0b | NT$22.9b | 19x | 43.8x | 1x |
| Wed, 01 May 2024 | NT$1.0t | NT$996.8b | NT$21.5b | 17.2x | 47x | 1x |
| Fri, 29 Mar 2024 | NT$965.2b | NT$998.7b | NT$21.9b | 15.4x | 44x | 1x |
| Sun, 25 Feb 2024 | NT$979.4b | NT$1.0t | NT$13.0b | 15.6x | 75.6x | 1x |
| Tue, 23 Jan 2024 | NT$955.7b | NT$1.0t | NT$12.8b | 15.3x | 74.5x | 1x |
| Thu, 21 Dec 2023 | NT$1.0t | NT$1.0t | NT$12.8b | 16.2x | 78.4x | 1x |
| Sat, 18 Nov 2023 | NT$929.4b | NT$1.0t | NT$14.0b | 15.6x | 66.2x | 0.9x |
| Mon, 16 Oct 2023 | NT$898.1b | NT$1.0t | NT$13.1b | 15.2x | 68.6x | 0.9x |
| Wed, 13 Sep 2023 | NT$925.6b | NT$1.0t | NT$13.1b | 16.6x | 70.7x | 0.9x |
| Fri, 11 Aug 2023 | NT$952.9b | NT$1.0t | NT$19.3b | 17.9x | 49.4x | 0.9x |
| Sun, 09 Jul 2023 | NT$966.5b | NT$1.1t | NT$31.3b | 19.8x | 30.9x | 0.9x |
| Tue, 06 Jun 2023 | NT$979.2b | NT$1.1t | NT$37.5b | 19.6x | 26.1x | 0.9x |
| Thu, 04 May 2023 | NT$961.5b | NT$1.1t | NT$56.3b | 16.1x | 17.1x | 0.8x |
| Sat, 01 Apr 2023 | NT$992.1b | NT$1.1t | NT$56.9b | 16.6x | 17.4x | 0.9x |
| Mon, 27 Feb 2023 | NT$1.0t | NT$1.2t | NT$86.8b | 11.7x | 11.6x | 0.8x |
| Wed, 25 Jan 2023 | NT$973.4b | NT$1.2t | NT$88.0b | 10.7x | 11.1x | 0.8x |
| Fri, 23 Dec 2022 | NT$961.1b | NT$1.2t | NT$88.0b | 10.5x | 10.9x | 0.8x |
| Sun, 20 Nov 2022 | NT$887.7b | NT$1.2t | NT$88.1b | 9.9x | 10.1x | 0.7x |
| Tue, 18 Oct 2022 | NT$840.9b | NT$1.3t | NT$118.2b | 7.6x | 7.1x | 0.7x |
| Thu, 15 Sep 2022 | NT$915.7b | NT$1.3t | NT$118.2b | 8.4x | 7.7x | 0.7x |
| Sat, 13 Aug 2022 | NT$920.3b | NT$1.2t | NT$116.8b | 8.6x | 7.9x | 0.7x |
| Mon, 11 Jul 2022 | NT$910.6b | NT$1.2t | NT$125.3b | 8.1x | 7.3x | 0.8x |
| Wed, 08 Jun 2022 | NT$1.1t | NT$1.2t | NT$125.3b | 9.5x | 8.7x | 0.9x |
| Fri, 06 May 2022 | NT$1.1t | NT$1.2t | NT$121.7b | 10.9x | 9.4x | 1x |
| Sun, 03 Apr 2022 | NT$1.3t | NT$1.2t | NT$121.2b | 12.4x | 10.3x | 1.1x |
| Tue, 01 Mar 2022 | NT$1.2t | NT$1.1t | NT$100.4b | 13.4x | 11.8x | 1.1x |
| Thu, 27 Jan 2022 | NT$1.1t | NT$1.1t | NT$99.0b | 12.6x | 11x | 1x |
| Sat, 25 Dec 2021 | NT$1.2t | NT$1.1t | NT$99.0b | 13.1x | 11.7x | 1.1x |
| Mon, 22 Nov 2021 | NT$1.1t | NT$1.1t | NT$98.8b | 12.9x | 10.9x | 1x |
| Wed, 20 Oct 2021 | NT$1.1t | NT$947.3b | NT$69.1b | 15.6x | 15.7x | 1.1x |
| Fri, 17 Sep 2021 | NT$1.2t | NT$947.3b | NT$69.1b | 18.1x | 17.7x | 1.3x |
| Sun, 15 Aug 2021 | NT$1.3t | NT$947.3b | NT$69.1b | 18.1x | 18.1x | 1.3x |
Price to Earnings Ratio
18.1x
Current Industry PE
- Investors are optimistic on the Taiwanese Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 40.6x which is higher than its 3-year average PE of 29.2x.
- The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 31% 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 | -4.20% | |
| Materials | -4.38% | |
| Metals and Mining | -4.64% | |
| Precious Metals and Minerals | 1.94% | |
| Gold | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -3.66% | |
| Steel | -4.51% | |
| Aluminum | -9.53% | |
| Copper | -9.75% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 29.1x.
- Analysts are expecting annual earnings growth of 47.7%, which is higher than its past year's earnings growth of 16.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 7.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2006 Tung Ho Steel Enterprise | NT$76.40 | 1.9% +NT$1.0b | 26.5% | PE11.8x | |
| 2069 Yuen Chang Stainless Steel | NT$16.40 | 2.8% +NT$74.9m | -6.8% | PS0.2x | |
| 6731 Femco Steel Technology | NT$23.75 | 3.7% +NT$46.4m | -15.4% | PE10.8x | |
| 6755 Lian Hong Art | NT$22.00 | 5.5% +NT$43.6m | -21.5% | PS0.4x | |
| 2035 Tang Eng Iron Works | NT$32.15 | 0.2% +NT$17.5m | 2.4% | PS1.1x |