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Taiwanese (TAIEX) Real Estate Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies66
  • 7D-1.2%
  • 3M19.3%
  • 1Y69.0%
  • YTD52.4%

Over the last 7 days, the Real Estate industry has dropped 1.2%, driven by pullbacks in Highwealth Construction and JSL Construction & Development of 5.0% and 6.3%, respectively. Meanwhile, Sino Horizon Holdings actually outperformed within the industry, gaining 9.8% in the last week. In the past year, the industry has gained 69%. Earnings are forecast to grow by 34% annually.

Sector Valuation and Performance

Has the Taiwanese Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NT$1.4tNT$356.4bNT$59.5b21.7x23.5x3.9x
Sun, 23 Jun 2024NT$1.3tNT$357.9bNT$60.2b22.1x20.9x3.5x
Tue, 21 May 2024NT$1.2tNT$359.7bNT$60.2b23x20.5x3.4x
Thu, 18 Apr 2024NT$1.0tNT$347.3bNT$51.8b22.7x20x3x
Sat, 16 Mar 2024NT$943.4bNT$325.1bNT$44.5b22.1x21.2x2.9x
Mon, 12 Feb 2024NT$895.7bNT$309.5bNT$40.1b19.6x22.3x2.9x
Wed, 10 Jan 2024NT$905.5bNT$310.1bNT$35.9b21.1x25.2x2.9x
Fri, 08 Dec 2023NT$881.8bNT$309.3bNT$35.6b19.1x24.7x2.9x
Sun, 05 Nov 2023NT$816.2bNT$286.2bNT$32.6b19.8x25x2.9x
Tue, 03 Oct 2023NT$811.1bNT$284.6bNT$32.1b20x25.3x2.9x
Thu, 31 Aug 2023NT$807.6bNT$284.7bNT$32.1b19.2x25.2x2.8x
Sat, 29 Jul 2023NT$809.0bNT$300.7bNT$38.4b16.4x21.1x2.7x
Mon, 26 Jun 2023NT$815.1bNT$300.9bNT$39.3b16.9x20.7x2.7x
Wed, 24 May 2023NT$822.1bNT$315.0bNT$47.0b18.4x17.5x2.6x
Fri, 21 Apr 2023NT$796.2bNT$312.8bNT$46.6b18.4x17.1x2.5x
Sun, 19 Mar 2023NT$51.8bNT$1.9b-NT$2,951,698,533.0043.8x-17.6x27.8x
Tue, 14 Feb 2023NT$803.2bNT$326.8bNT$58.7b13.6x13.7x2.5x
Thu, 12 Jan 2023NT$786.7bNT$326.8bNT$58.7b12.7x13.4x2.4x
Sat, 10 Dec 2022NT$800.0bNT$326.8bNT$58.7b12.8x13.6x2.4x
Mon, 07 Nov 2022NT$766.2bNT$338.3bNT$61.2b12.6x12.5x2.3x
Wed, 05 Oct 2022NT$757.3bNT$343.3bNT$61.8b13.2x12.3x2.2x
Fri, 02 Sep 2022NT$807.8bNT$344.1bNT$61.7b13.7x13.1x2.3x
Sun, 31 Jul 2022NT$777.4bNT$352.6bNT$63.5b12.4x12.2x2.2x
Tue, 28 Jun 2022NT$840.3bNT$353.4bNT$63.7b13.7x13.2x2.4x
Thu, 26 May 2022NT$838.3bNT$353.8bNT$63.7b13.7x13.2x2.4x
Sat, 23 Apr 2022NT$853.6bNT$341.6bNT$65.4b13.4x13x2.5x
Mon, 21 Mar 2022NT$859.1bNT$351.3bNT$66.7b12.7x12.9x2.4x
Wed, 16 Feb 2022NT$826.2bNT$346.8bNT$63.6b12x13x2.4x
Fri, 14 Jan 2022NT$828.6bNT$346.3bNT$63.2b11.8x13.1x2.4x
Sun, 12 Dec 2021NT$816.1bNT$346.3bNT$63.2b11.4x12.9x2.4x
Tue, 09 Nov 2021NT$824.1bNT$339.6bNT$64.3b12.8x12.8x2.4x
Thu, 07 Oct 2021NT$768.0bNT$335.7bNT$63.6b12x12.1x2.3x
Sat, 04 Sep 2021NT$809.5bNT$337.9bNT$65.1b13.2x12.4x2.4x
Mon, 02 Aug 2021NT$791.1bNT$337.9bNT$65.1b13.6x12.2x2.3x
Price to Earnings Ratio

12.2x


Total Market Cap: NT$791.1bTotal Earnings: NT$65.1bTotal Revenue: NT$337.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Real Estate Sector Price to Earnings3Y Average 17.1x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 17.1x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 2.9% 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 Real Estate sector?

TW Market-2.30%
Real Estate-1.17%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Industrial REITs0%
Health Care REITs0%
Retail REITs0%
REITS-0.087%
Office REITs-0.16%
Real Estate-1.23%
Industry PE
  • Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 55.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.2x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 34% 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
9945 Ruentex DevelopmentLtdNT$51.306.8%
+NT$9.2b		29.7%PE10.3x
2923 Sino Horizon HoldingsNT$30.958.8%
+NT$4.4b		29.2%PE64.3x
2524 King's Town ConstructionNT$85.0013.0%
+NT$3.6b		169.8%PE54.2x
2348 Hi-Yes InternationalNT$360.508.1%
+NT$3.1b		455.5%PE16.7x
6177 Da-Li DevelopmentLtdNT$70.905.5%
+NT$1.5b		134.5%PE15.1x
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Latest News

2520

NT$65.00

Kindom Development

7D

2.8%

1Y

119.2%

Kindom Development (TWSE:2520) Has Announced That It Will Be Increasing Its Dividend To NT$1.80

Jul 26
Kindom Development (TWSE:2520) Has Announced That It Will Be Increasing Its Dividend To NT$1.80

2542

NT$61.50

Highwealth Construction

7D

-3.6%

1Y

60.3%

Is Highwealth Construction (TWSE:2542) Using Too Much Debt?

Jul 24
Is Highwealth Construction (TWSE:2542) Using Too Much Debt?

9945

NT$51.30

Ruentex DevelopmentLtd

7D

6.8%

1Y

29.7%

6177

NT$70.90

Da-Li DevelopmentLtd

7D

5.5%

1Y

134.5%

2511

NT$12.25

Prince Housing & Development

7D

-3.9%

1Y

6.5%

Prince Housing & Development's (TWSE:2511) Dividend Will Be Reduced To NT$0.36

Jul 22
Prince Housing & Development's (TWSE:2511) Dividend Will Be Reduced To NT$0.36

3266

NT$23.30

Sunty Development

7D

-6.8%

1Y

66.4%

1436

NT$163.50

Hua Yu Lien Development

7D

-9.2%

1Y

158.7%

5508

NT$274.00

Yungshin Construction & DevelopmentLtd

7D

1.5%

1Y

264.8%

2348

NT$360.50

Hi-Yes International

7D

8.1%

1Y

455.5%

Hi-Yes International Co., Ltd. (TWSE:2348) Surges 32% Yet Its Low P/E Is No Reason For Excitement

Jul 16
Hi-Yes International Co., Ltd. (TWSE:2348) Surges 32% Yet Its Low P/E Is No Reason For Excitement

2524

NT$85.00

King's Town Construction

7D

13.0%

1Y

169.8%

Subdued Growth No Barrier To King's Town Construction Co., Ltd. (TWSE:2524) With Shares Advancing 26%

Jul 16
Subdued Growth No Barrier To King's Town Construction Co., Ltd. (TWSE:2524) With Shares Advancing 26%

2540

NT$199.00

JSL Construction & Development

7D

-8.3%

1Y

198.8%

5522

NT$85.00

Farglory Land Development

7D

-2.1%

1Y

47.8%

Farglory Land Development (TWSE:5522) Has A Somewhat Strained Balance Sheet

Jul 12
Farglory Land Development (TWSE:5522) Has A Somewhat Strained Balance Sheet

2548

NT$163.00

Huaku Development

7D

-1.2%

1Y

98.6%

2539

NT$77.00

Sakura DevelopmentLtd

7D

2.1%

1Y

85.6%

Sakura Development Co.,Ltd's (TWSE:2539) Share Price Matching Investor Opinion

Jun 19
Sakura Development Co.,Ltd's (TWSE:2539) Share Price Matching Investor Opinion

2923

NT$30.95

Sino Horizon Holdings

7D

8.8%

1Y

29.2%

There's Reason For Concern Over Sino Horizon Holdings Limited's (TWSE:2923) Massive 39% Price Jump

May 21
There's Reason For Concern Over Sino Horizon Holdings Limited's (TWSE:2923) Massive 39% Price Jump

6186

NT$106.50

Shin Ruenn development

7D

-4.1%

1Y

127.1%