Is There Now An Opportunity In eCloudvalley Digital Technology Co., Ltd. (TWSE:6689)?
Apr 19
Taiwanese (TAIEX) IT Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies29
- 7D-3.8%
- 3M0.2%
- 1Y18.7%
- YTD-0.5%
Over the last 7 days, the IT industry has dropped 2.1%, driven by a pullback from Acer E-Enabling Service Business of 7.2%. In contrast, Mercuries Data Systems has gained 11%. In the past year, the industry has gained 18%. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Taiwanese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | NT$145.7b | NT$122.0b | NT$6.7b | 19.2x | 21.7x | 1.2x |
| Wed, 20 Mar 2024 | NT$152.4b | NT$121.0b | NT$6.6b | 20.4x | 23x | 1.3x |
| Fri, 16 Feb 2024 | NT$146.3b | NT$111.3b | NT$6.7b | 19x | 22x | 1.3x |
| Sun, 14 Jan 2024 | NT$140.9b | NT$111.8b | NT$6.7b | 19.1x | 21.2x | 1.3x |
| Tue, 12 Dec 2023 | NT$133.4b | NT$110.2b | NT$6.6b | 20x | 20.4x | 1.2x |
| Thu, 09 Nov 2023 | NT$125.8b | NT$108.7b | NT$6.4b | 19.8x | 19.6x | 1.2x |
| Sat, 07 Oct 2023 | NT$127.7b | NT$108.3b | NT$6.4b | 19.9x | 20.1x | 1.2x |
| Mon, 04 Sep 2023 | NT$124.4b | NT$108.3b | NT$6.4b | 18.6x | 19.6x | 1.1x |
| Wed, 02 Aug 2023 | NT$137.7b | NT$105.4b | NT$5.7b | 22.6x | 24.1x | 1.3x |
| Fri, 30 Jun 2023 | NT$131.1b | NT$105.3b | NT$5.7b | 22.3x | 23.1x | 1.2x |
| Sun, 28 May 2023 | NT$137.2b | NT$107.6b | NT$5.9b | 24x | 23.2x | 1.3x |
| Tue, 25 Apr 2023 | NT$122.1b | NT$103.0b | NT$5.4b | 20.4x | 22.8x | 1.2x |
| Thu, 23 Mar 2023 | NT$113.9b | NT$103.0b | NT$5.3b | 19.3x | 21.4x | 1.1x |
| Sat, 18 Feb 2023 | NT$112.6b | NT$103.9b | NT$5.6b | 16.3x | 20x | 1.1x |
| Mon, 16 Jan 2023 | NT$102.5b | NT$103.8b | NT$5.7b | 13.6x | 18.1x | 1x |
| Wed, 14 Dec 2022 | NT$92.5b | NT$103.8b | NT$5.7b | 13.4x | 16.4x | 0.9x |
| Fri, 11 Nov 2022 | NT$87.7b | NT$104.8b | NT$5.7b | 13.3x | 15.4x | 0.8x |
| Sun, 09 Oct 2022 | NT$95.5b | NT$102.7b | NT$5.5b | 14.3x | 17.5x | 0.9x |
| Tue, 06 Sep 2022 | NT$102.2b | NT$102.7b | NT$5.5b | 15.6x | 18.7x | 1x |
| Thu, 04 Aug 2022 | NT$100.6b | NT$101.1b | NT$5.4b | 17.6x | 18.5x | 1x |
| Sat, 02 Jul 2022 | NT$101.9b | NT$100.9b | NT$5.4b | 17x | 18.8x | 1x |
| Mon, 30 May 2022 | NT$109.1b | NT$100.7b | NT$5.4b | 18.2x | 20.3x | 1.1x |
| Wed, 27 Apr 2022 | NT$107.3b | NT$100.2b | NT$5.6b | 16.5x | 19.3x | 1.1x |
| Fri, 25 Mar 2022 | NT$118.6b | NT$100.0b | NT$5.5b | 17.5x | 21.4x | 1.2x |
| Sun, 20 Feb 2022 | NT$114.8b | NT$97.1b | NT$5.5b | 16.3x | 21x | 1.2x |
| Tue, 18 Jan 2022 | NT$114.4b | NT$97.1b | NT$5.4b | 16.3x | 21x | 1.2x |
| Thu, 16 Dec 2021 | NT$110.9b | NT$97.1b | NT$5.4b | 15.8x | 20.4x | 1.1x |
| Sat, 13 Nov 2021 | NT$121.8b | NT$96.4b | NT$5.3b | 15.5x | 22.8x | 1.3x |
| Mon, 11 Oct 2021 | NT$117.2b | NT$92.8b | NT$5.5b | 14.5x | 21.3x | 1.3x |
| Wed, 08 Sep 2021 | NT$116.1b | NT$92.8b | NT$5.5b | 15.1x | 21.1x | 1.3x |
| Fri, 06 Aug 2021 | NT$117.0b | NT$92.8b | NT$5.5b | 16.3x | 21.2x | 1.3x |
| Mon, 10 May 2021 | NT$101.3b | NT$90.0b | NT$6.0b | 15.7x | 16.8x | 1.1x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are relatively neutral on the Taiwanese IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.2x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 3.6% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -5.75% | |
| Tech | -7.69% | |
| IT | -3.81% | |
| Internet Services and Infrastructure | -3.76% | |
| IT Consulting | -3.82% | |
| Data Processing Services | -5.41% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry, which is trading close to its 3-year average PE ratio of 35.2x.
- Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 5.4% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.6x.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 5.4% per year.
- In contrast, the IT Consulting 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 | |
|---|---|---|---|---|---|
| 6214 Systex | NT$120.50 | 1.7% +NT$501.8m | 51.2% | PE20.2x | |
| 2427 Mercuries Data Systems | NT$29.50 | 8.7% +NT$462.5m | 96.7% | PE23.1x | |
| 3085 Newretail | NT$13.90 | 23.6% +NT$76.9m | -35.3% | PS5.5x | |
| 5209 CTCI Advanced Systems | NT$195.00 | 1.0% +NT$56.2m | 26.2% | PE15.6x | |
| 6997 Nextlink TechnologyLtd | NT$144.50 | 1.8% +NT$50.0m | n/a | n/a |
