Does Ruentex DevelopmentLtd (TWSE:9945) Have A Healthy Balance Sheet?
Apr 16
Taiwanese (TAIEX) Real Estate Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies65
- 7D9.0%
- 3M26.6%
- 1Y40.7%
- YTD23.6%
Over the last 7 days, the Real Estate industry has risen 3.2%, and Huaku Development contributed the most with a gain of 24%. This takes the industry's 12 month performance to a gain of 37%. Earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the Taiwanese Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | NT$1.1t | NT$347.3b | NT$51.8b | 23.6x | 21.7x | 3.2x |
| Fri, 22 Mar 2024 | NT$958.3b | NT$336.3b | NT$49.9b | 19.1x | 19.2x | 2.8x |
| Sun, 18 Feb 2024 | NT$904.1b | NT$309.5b | NT$40.1b | 19.8x | 22.6x | 2.9x |
| Tue, 16 Jan 2024 | NT$904.3b | NT$310.1b | NT$35.9b | 20.8x | 25.2x | 2.9x |
| Thu, 14 Dec 2023 | NT$883.7b | NT$309.7b | NT$35.6b | 20.2x | 24.8x | 2.9x |
| Sat, 11 Nov 2023 | NT$821.2b | NT$286.2b | NT$32.6b | 19.8x | 25.2x | 2.9x |
| Mon, 09 Oct 2023 | NT$812.3b | NT$284.6b | NT$32.1b | 19.9x | 25.3x | 2.9x |
| Wed, 06 Sep 2023 | NT$814.7b | NT$284.1b | NT$32.1b | 19.4x | 25.4x | 2.9x |
| Fri, 04 Aug 2023 | NT$810.3b | NT$302.0b | NT$38.8b | 16.1x | 20.9x | 2.7x |
| Sun, 02 Jul 2023 | NT$812.6b | NT$299.7b | NT$38.5b | 16.6x | 21.1x | 2.7x |
| Tue, 30 May 2023 | NT$812.5b | NT$307.9b | NT$46.2b | 17.7x | 17.6x | 2.6x |
| Thu, 27 Apr 2023 | NT$804.1b | NT$312.8b | NT$46.6b | 18.3x | 17.3x | 2.6x |
| Sat, 25 Mar 2023 | NT$766.5b | NT$314.1b | NT$46.6b | 17.3x | 16.4x | 2.4x |
| Mon, 20 Feb 2023 | NT$807.9b | NT$326.8b | NT$58.7b | 14.1x | 13.8x | 2.5x |
| Wed, 18 Jan 2023 | NT$791.5b | NT$326.8b | NT$58.7b | 12.6x | 13.5x | 2.4x |
| Fri, 16 Dec 2022 | NT$797.4b | NT$326.8b | NT$58.7b | 12.9x | 13.6x | 2.4x |
| Sun, 13 Nov 2022 | NT$786.6b | NT$329.7b | NT$60.2b | 12.3x | 13.1x | 2.4x |
| Tue, 11 Oct 2022 | NT$768.2b | NT$343.3b | NT$61.8b | 13.2x | 12.4x | 2.2x |
| Thu, 08 Sep 2022 | NT$806.3b | NT$344.1b | NT$61.7b | 13.9x | 13.1x | 2.3x |
| Sat, 06 Aug 2022 | NT$781.4b | NT$350.0b | NT$62.9b | 12.5x | 12.4x | 2.2x |
| Mon, 04 Jul 2022 | NT$807.2b | NT$353.4b | NT$63.7b | 13.1x | 12.7x | 2.3x |
| Wed, 01 Jun 2022 | NT$858.3b | NT$353.8b | NT$63.7b | 14.2x | 13.5x | 2.4x |
| Fri, 29 Apr 2022 | NT$860.3b | NT$341.2b | NT$65.4b | 13x | 13.2x | 2.5x |
| Sun, 27 Mar 2022 | NT$877.8b | NT$349.1b | NT$66.0b | 12.3x | 13.3x | 2.5x |
| Tue, 22 Feb 2022 | NT$847.6b | NT$346.8b | NT$63.6b | 12.2x | 13.3x | 2.4x |
| Thu, 20 Jan 2022 | NT$817.5b | NT$346.3b | NT$63.2b | 12x | 12.9x | 2.4x |
| Sat, 18 Dec 2021 | NT$810.8b | NT$346.3b | NT$63.2b | 11.7x | 12.8x | 2.3x |
| Mon, 15 Nov 2021 | NT$837.7b | NT$341.3b | NT$64.9b | 11.8x | 12.9x | 2.5x |
| Wed, 13 Oct 2021 | NT$775.5b | NT$335.7b | NT$63.6b | 12.4x | 12.2x | 2.3x |
| Fri, 10 Sep 2021 | NT$780.8b | NT$336.7b | NT$64.3b | 12.5x | 12.1x | 2.3x |
| Sun, 08 Aug 2021 | NT$792.7b | NT$337.9b | NT$65.1b | 13.3x | 12.2x | 2.3x |
| Sat, 01 May 2021 | NT$806.3b | NT$329.7b | NT$63.7b | 15.6x | 12.7x | 2.4x |
Price to Earnings Ratio
12.7x
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 21.1x which is higher than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 6.6% 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 | -1.61% | |
| Real Estate | 9.01% | |
| Real Estate | 9.63% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Retail REITs | 0% | |
| REITS | -0.19% | |
| Office REITs | -0.47% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 53.6x.
- 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 15.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Real Estate industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| 2548 Huaku Development | NT$161.00 | 24.3% +NT$8.7b | 70.7% | PE12.4x | |
| 5534 Chong Hong Construction | NT$126.00 | 25.4% +NT$7.4b | 59.3% | PE19.9x | |
| 2501 Cathay Real Estate DevelopmentLtd | NT$33.75 | 22.5% +NT$7.2b | 98.5% | PE18.1x | |
| 9945 Ruentex DevelopmentLtd | NT$36.95 | 7.3% +NT$7.1b | -6.1% | PE13.5x | |
| 5508 Yungshin Construction & DevelopmentLtd | NT$173.50 | 22.2% +NT$6.8b | 171.5% | PE13.8x |