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Taiwanese (TAIEX) Tech Sector Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
Companies820
  • 7D0.4%
  • 3M3.1%
  • 1Y26.8%
  • YTD18.0%

Over the last 7 days, the Tech industry has dropped 1.3%, driven by a decline by Taiwan Semiconductor Manufacturing of 0.5%. Meanwhile, United Microelectronics actually outperformed within the industry, gaining 6.2% in the last week. This takes the industry's 12 month performance to a gain of 27%.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021NT$35.5tNT$24.9tNT$1.9t18.3x
Sat, 30 Oct 2021NT$33.6tNT$24.5tNT$1.8t17.9x
Mon, 27 Sep 2021NT$34.0tNT$24.3tNT$1.7t17.9x
Wed, 25 Aug 2021NT$33.5tNT$24.3tNT$1.7t18.1x
Thu, 01 Jul 2021NT$34.2tNT$24.3tNT$1.7t18.2x
Sun, 04 Apr 2021NT$33.6tNT$23.5tNT$1.6t19.5x
Wed, 06 Jan 2021NT$29.2tNT$22.2tNT$1.3t19x
Sat, 10 Oct 2020NT$23.8tNT$21.3tNT$1.2t17x
Fri, 03 Jul 2020NT$20.6tNT$21.0tNT$1.1t17.7x
Mon, 06 Apr 2020NT$16.7tNT$20.7tNT$979.4b13.9x
Thu, 09 Jan 2020NT$20.7tNT$20.9tNT$941.5b18.8x
Wed, 02 Oct 2019NT$17.7tNT$21.0tNT$958.2b16.2x
Sat, 06 Jul 2019NT$16.3tNT$21.0tNT$981.7b15.4x
Tue, 09 Apr 2019NT$16.6tNT$20.8tNT$1.0t15.2x
Mon, 31 Dec 2018NT$14.7tNT$20.8tNT$1.1t13.9x
PE Ratio

13.6x

Total Market Cap: NT$15.0tTotal Earnings: NT$1.2tTotal Revenue: NT$20.5t0%0%0%3 Year10 Year
201920202021

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 17.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Information Technology industry have grown 18% per year over the last three years, and revenues for these companies have grown 6.8% 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?

Electronic Equipment and Components0.74%
Tech Hardware0.33%
Semiconductors0.32%
IT0.30%
Software-1.09%
Communications-2.19%

Industry PE: Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 19.6x. However analysts are expecting annual earnings growth of 15%, which is lower than the prior year's growth of 66% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Tech Hardware industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 14.9x.

Forecasted Growth: Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 33% over the next 5 years. This is better than it's past earnings growth rate of 12% per year. Meanwhile, the Tech Hardware industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
2303 United Microelectronics6.2%+NT$48.6b61.6%PE18.7x
2454 MediaTek2.4%+NT$39.8b49.6%PE17.6x
3037 Unimicron Technology12.6%+NT$36.9b162.3%PE32.1x
8046 Nan Ya Printed Circuit Board7.4%+NT$27.1b242.5%PE47x
3532 Formosa Sumco Technology13.8%+NT$12.4b82.1%PE77x
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3481

NT$17.70

Innolux

7D

-5.1%

1Y

49.4%