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Taiwanese (TAIEX) Tech Sector Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies848
  • 7D4.4%
  • 3M13.4%
  • 1Y33.8%
  • YTD9.2%

The Tech industry is up 3.9% in the last week, with Taiwan Semiconductor Manufacturing up 5.4%. During this same period, the Quanta Computer underperformed, falling 5.1%. This means that the industry has gained 34% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the Taiwanese Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024NT$40.3tNT$25.4tNT$1.7t23.6x23.5x1.6x
Fri, 19 Jan 2024NT$36.2tNT$25.4tNT$1.8t22.1x20.4x1.4x
Sun, 17 Dec 2023NT$36.7tNT$25.4tNT$1.8t22.7x20.7x1.4x
Tue, 14 Nov 2023NT$34.3tNT$25.8tNT$1.8t20.3x19.1x1.3x
Thu, 12 Oct 2023NT$34.1tNT$26.1tNT$1.9t20.3x17.6x1.3x
Sat, 09 Sep 2023NT$33.7tNT$26.1tNT$1.9t20.4x17.4x1.3x
Mon, 07 Aug 2023NT$33.9tNT$26.7tNT$2.0t19.6x17.2x1.3x
Wed, 05 Jul 2023NT$34.6tNT$26.8tNT$2.1t19.2x16.5x1.3x
Fri, 02 Jun 2023NT$32.6tNT$26.8tNT$2.1t17.7x15.3x1.2x
Sun, 30 Apr 2023NT$29.9tNT$27.3tNT$2.3t15.2x13.3x1.1x
Tue, 28 Mar 2023NT$31.2tNT$27.3tNT$2.3t14.5x13.5x1.1x
Thu, 23 Feb 2023NT$29.6tNT$27.6tNT$2.4t13x12.3x1.1x
Sat, 21 Jan 2023NT$28.4tNT$27.7tNT$2.5t11.8x11.5x1x
Mon, 19 Dec 2022NT$27.6tNT$27.5tNT$2.3t11.9x11.8x1x
Wed, 16 Nov 2022NT$27.8tNT$27.5tNT$2.3t11.6x11.9x1x
Fri, 14 Oct 2022NT$23.7tNT$26.8tNT$2.2t11x10.6x0.9x
Sun, 11 Sep 2022NT$27.6tNT$26.8tNT$2.2t12.9x12.3x1x
Tue, 09 Aug 2022NT$28.7tNT$26.6tNT$2.3t13x12.4x1.1x
Thu, 07 Jul 2022NT$25.2tNT$26.3tNT$2.2t12.3x11.6x1x
Sat, 04 Jun 2022NT$31.7tNT$26.3tNT$2.2t14.6x14.7x1.2x
Mon, 02 May 2022NT$30.9tNT$25.7tNT$2.1t15.1x14.4x1.2x
Wed, 30 Mar 2022NT$34.1tNT$25.4tNT$2.0t16.4x16.7x1.3x
Fri, 25 Feb 2022NT$34.5tNT$25.2tNT$2.0t17.5x17.2x1.4x
Sun, 23 Jan 2022NT$36.0tNT$25.0tNT$1.9t18.1x18.9x1.4x
Tue, 21 Dec 2021NT$35.4tNT$24.9tNT$1.9t18.4x18.6x1.4x
Thu, 18 Nov 2021NT$35.6tNT$25.0tNT$1.9t17.9x18.7x1.4x
Sat, 16 Oct 2021NT$32.9tNT$24.4tNT$1.7t16.9x18.8x1.4x
Mon, 13 Sep 2021NT$34.3tNT$24.3tNT$1.7t17.8x19.9x1.4x
Wed, 11 Aug 2021NT$33.8tNT$24.3tNT$1.7t18.1x19.6x1.4x
Sun, 06 Jun 2021NT$33.8tNT$23.5tNT$1.6t18.4x21.7x1.4x
Wed, 10 Mar 2021NT$33.2tNT$22.2tNT$1.3t20.7x25.1x1.5x
Price to Earnings Ratio

25.1x


Total Market Cap: NT$33.2tTotal Earnings: NT$1.3tTotal Revenue: NT$22.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Tech Sector Price to Earnings3Y Average 16.9x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.6x which is higher than its 3-year average PE of 16.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 8.9% per year over the last three years.
  • Revenues for these companies have grown 4.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Taiwanese Tech sector?

TW Market3.51%
Tech4.43%
Semiconductors5.54%
IT4.28%
Communications4.09%
Electronic Equipment and Components3.26%
Software0.86%
Tech Hardware0.78%
Industry PE
  • Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 46.4x.
    • Analysts are expecting annual earnings growth of 46.1%, which is higher than its past year's earnings decline of 7.8% per year.
  • Investors are most pessimistic about the IT industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.9x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 7.8% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 18% 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
2330 Taiwan Semiconductor ManufacturingNT$687.006.3%
+NT$1.1t
35.5%PE21.2x
2454 MediaTekNT$982.004.8%
+NT$71.6b
37.7%PE20.3x
3034 Novatek MicroelectronicsNT$587.0016.0%
+NT$49.3b
43.5%PE15.3x
3711 ASE Technology HoldingNT$137.005.4%
+NT$30.2b
33.7%PE18.6x
2317 Hon Hai Precision IndustryNT$103.502.0%
+NT$27.7b
1.5%PE11.1x
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Latest News

3035

NT$400.00

Faraday Technology

7D

-4.3%

1Y

121.0%

3036

NT$164.50

WT Microelectronics

7D

-3.8%

1Y

145.5%

3034

NT$587.00

Novatek Microelectronics

7D

16.0%

1Y

43.5%

2059

NT$1,220.00

King Slide Works

7D

20.8%

1Y

204.2%

2330

NT$687.00

Taiwan Semiconductor Manufacturing

7D

6.3%

1Y

35.5%

2454

NT$982.00

MediaTek

7D

4.8%

1Y

37.7%

3711

NT$137.00

ASE Technology Holding

7D

5.4%

1Y

33.7%

2317

NT$103.50

Hon Hai Precision Industry

7D

2.0%

1Y

1.5%

3231

NT$122.00

Wistron

7D

-2.0%

1Y

284.3%

6669

NT$2,205.00

Wiwynn

7D

-2.6%

1Y

166.9%

6488

NT$560.00

GlobalWafers

7D

-3.3%

1Y

9.6%

5269

NT$2,140.00

ASMedia Technology

7D

14.1%

1Y

120.2%

6531

NT$470.50

AP Memory Technology

7D

-5.3%

1Y

76.5%

3037

NT$190.50

Unimicron Technology

7D

7.9%

1Y

42.7%

2382

NT$242.50

Quanta Computer

7D

-4.9%

1Y

206.2%

2301

NT$108.50

Lite-On Technology

7D

-4.0%

1Y

56.3%