Narrative Update • Jul 15
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- 7D-9.7%
- 3M-5.6%
- 1Y116.2%
- YTD55.3%
In the last week, the Electronic Equipment and Components industry is up 4.1%, with AuthenX up 24%. Meanwhile, Delta Electronics actually underperformed within the industry, shrinking 14% in the last week. This takes the industry's 12 month performance to a gain of 133%. Earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Taiwanese Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 Jul 2026 | NT$20.2t | NT$16.5t | NT$551.2b | 31.3x | 36.7x | 1.2x |
| Fri, 26 Jun 2026 | NT$26.2t | NT$16.5t | NT$551.1b | 41.1x | 47.5x | 1.6x |
| Sun, 24 May 2026 | NT$24.2t | NT$16.5t | NT$550.9b | 37.4x | 44x | 1.5x |
| Tue, 21 Apr 2026 | NT$19.9t | NT$15.4t | NT$515.5b | 30.8x | 38.5x | 1.3x |
| Thu, 19 Mar 2026 | NT$16.6t | NT$15.5t | NT$509.4b | 25.5x | 32.6x | 1.1x |
| Sat, 14 Feb 2026 | NT$14.7t | NT$14.7t | NT$493.7b | 22.8x | 29.8x | 1x |
| Mon, 12 Jan 2026 | NT$13.0t | NT$14.7t | NT$494.0b | 23.1x | 26.3x | 0.9x |
| Wed, 10 Dec 2025 | NT$12.6t | NT$14.7t | NT$493.9b | 21.8x | 25.6x | 0.9x |
| Fri, 07 Nov 2025 | NT$12.6t | NT$14.5t | NT$476.1b | 21.5x | 26.4x | 0.9x |
| Sun, 05 Oct 2025 | NT$11.9t | NT$14.4t | NT$460.4b | 22.2x | 25.9x | 0.8x |
| Tue, 02 Sep 2025 | NT$10.6t | NT$14.4t | NT$459.9b | 23x | 23.1x | 0.7x |
| Thu, 31 Jul 2025 | NT$10.0t | NT$14.0t | NT$470.5b | 19.2x | 21.3x | 0.7x |
| Sat, 28 Jun 2025 | NT$8.5t | NT$14.0t | NT$473.0b | 19.1x | 18x | 0.6x |
| Mon, 26 May 2025 | NT$8.0t | NT$14.0t | NT$473.1b | 19x | 17x | 0.6x |
| Wed, 23 Apr 2025 | NT$6.9t | NT$13.4t | NT$427.9b | 16.5x | 16x | 0.5x |
| Fri, 21 Mar 2025 | NT$8.7t | NT$13.4t | NT$427.4b | 21.6x | 20.3x | 0.7x |
| Sun, 16 Feb 2025 | NT$9.0t | NT$12.9t | NT$408.4b | 23.1x | 22x | 0.7x |
| Tue, 14 Jan 2025 | NT$8.6t | NT$12.9t | NT$404.7b | 21.6x | 21.2x | 0.7x |
| Thu, 12 Dec 2024 | NT$9.2t | NT$12.9t | NT$405.2b | 23.1x | 22.6x | 0.7x |
| Sat, 09 Nov 2024 | NT$9.5t | NT$12.4t | NT$400.7b | 23.5x | 23.8x | 0.8x |
| Mon, 07 Oct 2024 | NT$9.0t | NT$12.3t | NT$394.2b | 22.5x | 22.8x | 0.7x |
| Wed, 04 Sep 2024 | NT$9.2t | NT$12.3t | NT$394.3b | 23.1x | 23.3x | 0.7x |
| Fri, 02 Aug 2024 | NT$9.5t | NT$11.8t | NT$372.9b | 25x | 25.5x | 0.8x |
| Sun, 30 Jun 2024 | NT$9.7t | NT$11.7t | NT$365.4b | 25.1x | 26.5x | 0.8x |
| Tue, 28 May 2024 | NT$8.9t | NT$11.7t | NT$364.9b | 23.8x | 24.4x | 0.8x |
| Thu, 25 Apr 2024 | NT$8.1t | NT$11.7t | NT$333.4b | 24.2x | 24.2x | 0.7x |
| Sat, 23 Mar 2024 | NT$8.2t | NT$11.7t | NT$328.3b | 23.3x | 25x | 0.7x |
| Mon, 19 Feb 2024 | NT$7.2t | NT$11.8t | NT$308.4b | 21.8x | 23.5x | 0.6x |
| Wed, 17 Jan 2024 | NT$6.8t | NT$11.8t | NT$306.5b | 20.9x | 22.3x | 0.6x |
| Fri, 15 Dec 2023 | NT$7.0t | NT$11.8t | NT$306.5b | 22x | 22.7x | 0.6x |
| Sun, 12 Nov 2023 | NT$6.6t | NT$12.1t | NT$315.2b | 18.6x | 20.8x | 0.5x |
| Tue, 10 Oct 2023 | NT$6.8t | NT$12.1t | NT$325.6b | 18.5x | 21x | 0.6x |
| Thu, 07 Sep 2023 | NT$6.9t | NT$12.1t | NT$324.8b | 18.7x | 21.1x | 0.6x |
| Sat, 05 Aug 2023 | NT$6.8t | NT$12.4t | NT$341.3b | 18x | 20x | 0.5x |
Price to Earnings Ratio
20x
Current Industry PE
- Investors are optimistic on the Taiwanese Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.8x which is higher than its 3-year average PE of 25.4x.
- The 3-year average PS ratio of 0.79x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 9.9% 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 industry?
| TW Market | -6.05% | |
| Tech | -6.89% | |
| Electronic Equipment and Components | -9.71% | |
| Electronic Manufacturing Services | -3.23% | |
| Technology Distributors | -4.00% | |
| Electronic Equipment and Instruments | -6.07% | |
| Electronic Components | -11.83% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 37.9x.
- Analysts are expecting annual earnings growth of 35.9%, which is higher than its past year's earnings decline of 6.2% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 17.6x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 7928 AuthenX | NT$431.00 | 13.3% +NT$2.1b | n/a | PS791.2x | |
| 2347 Synnex Technology International | NT$86.00 | 0.8% +NT$1.2b | 28.9% | PE14.9x | |
| 8114 Posiflex Technology | NT$213.50 | 6.2% +NT$955.2m | -14.4% | PE14.6x | |
| 3362 Ability Opto-Electronics TechnologyLtd | NT$158.00 | 4.3% +NT$925.9m | 32.8% | PS5.1x | |
| 6588 East Tender Optoelectronics | NT$93.00 | 33.0% +NT$801.6m | 225.2% | PS13.8x |