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Taiwanese (TAIEX) Tech Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies851
  • 7D-2.8%
  • 3M17.3%
  • 1Y45.3%
  • YTD37.3%

Over the last 7 days, the Tech industry has dropped 2.8%, driven by a pullback from Taiwan Semiconductor Manufacturing of 2.6%. In contrast, Grand Process Technology has gained 21%. In the past year, the industry has gained 45%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NT$51.4tNT$25.5tNT$1.9t25.6x26.9x2x
Sun, 23 Jun 2024NT$52.7tNT$25.3tNT$1.8t26.2x28.6x2.1x
Tue, 21 May 2024NT$46.2tNT$25.3tNT$1.8t24.8x25.1x1.8x
Thu, 18 Apr 2024NT$43.7tNT$25.1tNT$1.7t25.2x25.1x1.7x
Sat, 16 Mar 2024NT$43.0tNT$25.3tNT$1.7t23.5x25.1x1.7x
Mon, 12 Feb 2024NT$38.9tNT$25.4tNT$1.7t22.7x22.8x1.5x
Wed, 10 Jan 2024NT$36.4tNT$25.4tNT$1.8t22.1x20.5x1.4x
Fri, 08 Dec 2023NT$35.6tNT$25.4tNT$1.8t22.6x20x1.4x
Sun, 05 Nov 2023NT$33.8tNT$25.9tNT$1.8t20x18.5x1.3x
Tue, 03 Oct 2023NT$33.8tNT$26.1tNT$1.9t20.5x17.4x1.3x
Thu, 31 Aug 2023NT$34.1tNT$26.1tNT$1.9t20x17.6x1.3x
Sat, 29 Jul 2023NT$35.2tNT$26.6tNT$2.0t19.8x17.5x1.3x
Mon, 26 Jun 2023NT$34.3tNT$26.8tNT$2.1t18.9x16.3x1.3x
Wed, 24 May 2023NT$31.3tNT$27.0tNT$2.2t16.6x14.4x1.2x
Fri, 21 Apr 2023NT$30.4tNT$27.3tNT$2.3t15.4x13.3x1.1x
Sun, 19 Mar 2023NT$30.3tNT$27.4tNT$2.3t13.8x13.1x1.1x
Tue, 14 Feb 2023NT$30.2tNT$27.7tNT$2.4t12.6x12.5x1.1x
Thu, 12 Jan 2023NT$28.1tNT$27.5tNT$2.3t11.9x12x1x
Sat, 10 Dec 2022NT$28.0tNT$27.5tNT$2.3t12.1x12x1x
Mon, 07 Nov 2022NT$24.0tNT$27.2tNT$2.4t11.5x10.2x0.9x
Wed, 05 Oct 2022NT$25.3tNT$26.8tNT$2.2t12x11.3x0.9x
Fri, 02 Sep 2022NT$28.2tNT$26.8tNT$2.2t13.3x12.6x1.1x
Sun, 31 Jul 2022NT$28.6tNT$26.5tNT$2.3t13.3x12.5x1.1x
Tue, 28 Jun 2022NT$29.0tNT$26.3tNT$2.2t13.7x13.4x1.1x
Thu, 26 May 2022NT$30.6tNT$26.3tNT$2.2t14.2x14.2x1.2x
Sat, 23 Apr 2022NT$31.9tNT$25.6tNT$2.1t15.8x15.1x1.2x
Mon, 21 Mar 2022NT$33.8tNT$25.5tNT$2.0t16.7x16.6x1.3x
Wed, 16 Feb 2022NT$35.7tNT$25.1tNT$2.0t18.1x17.8x1.4x
Fri, 14 Jan 2022NT$37.0tNT$25.0tNT$1.9t18.5x19.4x1.5x
Sun, 12 Dec 2021NT$35.7tNT$24.9tNT$1.9t18.5x18.7x1.4x
Tue, 09 Nov 2021NT$34.6tNT$24.6tNT$1.8t17.6x19x1.4x
Thu, 07 Oct 2021NT$31.9tNT$24.3tNT$1.7t16.8x18.5x1.3x
Sat, 04 Sep 2021NT$34.9tNT$24.3tNT$1.7t18.4x20.3x1.4x
Mon, 02 Aug 2021NT$34.5tNT$24.3tNT$1.7t19.5x20x1.4x
Price to Earnings Ratio

20x


Total Market Cap: NT$34.5tTotal Earnings: NT$1.7tTotal Revenue: NT$24.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Tech Sector Price to Earnings3Y Average 17.4x202220232024
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 26.9x which is higher than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 3.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

TW Market-2.30%
Tech-2.81%
Tech Hardware-2.69%
Electronic Equipment and Components-2.80%
Semiconductors-2.81%
Communications-3.24%
IT-3.74%
Software-4.06%
Industry PE
  • Investors are most optimistic about the Software industry, which is trading close to its 3-year average PE ratio of 45.5x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 7.2% per year.
  • Investors are most pessimistic about the IT industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 7.2% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 11% 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
2474 Catcher TechnologyNT$209.003.5%
+NT$4.8b		19.4%PE11.1x
3131 Grand Process TechnologyNT$1.56k10.6%
+NT$4.3b		138.5%PE67.4x
3023 SINBON ElectronicsNT$342.503.8%
+NT$3.0b		1.6%PE24.9x
6515 WinWay TechnologyNT$1.06k8.3%
+NT$2.8b		29.9%PE70.8x
8054 Alcor MicroCorpNT$188.0015.0%
+NT$2.4b		444.1%PS9.2x
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Latest News

3711

NT$155.50

ASE Technology Holding

7D

-9.1%

1Y

32.3%

2382

NT$275.00

Quanta Computer

7D

-7.4%

1Y

4.0%

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Jul 25
Quanta Computer (TWSE:2382) Is Very Good At Capital Allocation

3131

NT$1,560.00

Grand Process Technology

7D

10.6%

1Y

138.5%

2308

NT$388.00

Delta Electronics

7D

-2.8%

1Y

5.9%

6515

NT$1,060.00

WinWay Technology

7D

8.3%

1Y

29.9%

3017

NT$613.00

Asia Vital Components

7D

-10.8%

1Y

74.1%

Is Asia Vital Components Co., Ltd. (TWSE:3017) Worth NT$634 Based On Its Intrinsic Value?

Jul 22
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2330

NT$924.00

Taiwan Semiconductor Manufacturing

7D

-4.7%

1Y

63.0%

2474

NT$209.00

Catcher Technology

7D

3.5%

1Y

19.4%

We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its Debt

Jul 21
We Think Catcher Technology (TWSE:2474) Can Stay On Top Of Its Debt

3023

NT$342.50

SINBON Electronics

7D

3.8%

1Y

1.6%

SINBON Electronics Co., Ltd. (TWSE:3023) Investors Are Less Pessimistic Than Expected

Jul 19
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6669

NT$1,975.00

Wiwynn

7D

-10.4%

1Y

4.2%

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Jul 19
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2393

NT$83.60

Everlight Electronics

7D

5.0%

1Y

60.5%

Everlight Electronics (TWSE:2393) Is Increasing Its Dividend To NT$3.20

Jul 18
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2317

NT$192.00

Hon Hai Precision Industry

7D

-5.9%

1Y

75.3%

3231

NT$97.00

Wistron

7D

-8.1%

1Y

-38.2%

6640

NT$830.00

Gallant Micro. Machining

7D

10.4%

1Y

561.4%

2368

NT$210.00

Gold Circuit Electronics

7D

2.2%

1Y

17.6%

8054

NT$188.00

Alcor MicroCorp

7D

15.0%

1Y

444.1%