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Taiwanese (TAIEX) Semiconductors Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies281
  • 7D-2.8%
  • 3M20.2%
  • 1Y58.4%
  • YTD44.9%

Over the last 7 days, the Semiconductors industry has dropped 2.8%, driven by a pullback from Taiwan Semiconductor Manufacturing of 4.9%. On the other hand Grand Process Technology is actually up 9.9%. This takes the industry's 12 month performance to a gain of 58%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Taiwanese Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NT$35.3tNT$5.7tNT$1.3t29.7x27.8x6.2x
Sun, 23 Jun 2024NT$36.0tNT$5.5tNT$1.2t31.5x29.8x6.5x
Tue, 21 May 2024NT$31.2tNT$5.5tNT$1.2t30x25.9x5.6x
Thu, 18 Apr 2024NT$29.7tNT$5.4tNT$1.2t31.9x25.5x5.5x
Sat, 16 Mar 2024NT$29.0tNT$5.4tNT$1.2t27.8x24.8x5.4x
Mon, 12 Feb 2024NT$25.6tNT$5.3tNT$1.2t27.5x21.9x4.8x
Wed, 10 Jan 2024NT$23.9tNT$5.4tNT$1.2t26.5x19.2x4.5x
Fri, 08 Dec 2023NT$23.2tNT$5.4tNT$1.2t26.2x18.7x4.3x
Sun, 05 Nov 2023NT$22.1tNT$5.4tNT$1.3t21.6x17.5x4.1x
Tue, 03 Oct 2023NT$21.3tNT$5.6tNT$1.4t22.9x15.5x3.8x
Thu, 31 Aug 2023NT$21.7tNT$5.6tNT$1.4t22.8x15.7x3.9x
Sat, 29 Jul 2023NT$22.2tNT$5.8tNT$1.4t20.1x15.4x3.9x
Mon, 26 Jun 2023NT$22.7tNT$5.9tNT$1.5t20.2x14.9x3.9x
Wed, 24 May 2023NT$20.9tNT$5.9tNT$1.5t17.6x13.6x3.5x
Fri, 21 Apr 2023NT$20.5tNT$6.1tNT$1.6t16.6x12.8x3.4x
Sun, 19 Mar 2023NT$20.8tNT$6.1tNT$1.6t14.4x12.9x3.4x
Tue, 14 Feb 2023NT$20.9tNT$6.1tNT$1.7t12.7x12.7x3.4x
Thu, 12 Jan 2023NT$19.1tNT$6.0tNT$1.6t11.8x12.3x3.2x
Sat, 10 Dec 2022NT$18.9tNT$6.0tNT$1.6t12.1x12.2x3.2x
Mon, 07 Nov 2022NT$15.5tNT$6.0tNT$1.6t10.9x9.9x2.6x
Wed, 05 Oct 2022NT$16.7tNT$5.8tNT$1.4t11x11.6x2.9x
Fri, 02 Sep 2022NT$19.0tNT$5.8tNT$1.4t13.2x13.1x3.3x
Sun, 31 Jul 2022NT$19.4tNT$5.7tNT$1.4t12.5x13.5x3.4x
Tue, 28 Jun 2022NT$19.7tNT$5.5tNT$1.3t13.5x15x3.6x
Thu, 26 May 2022NT$21.1tNT$5.5tNT$1.3t14.6x16.1x3.8x
Sat, 23 Apr 2022NT$22.1tNT$5.3tNT$1.2t16.4x17.7x4.2x
Mon, 21 Mar 2022NT$23.6tNT$5.2tNT$1.2t18.7x20.1x4.6x
Wed, 16 Feb 2022NT$25.4tNT$5.1tNT$1.2t20.2x21.9x5x
Fri, 14 Jan 2022NT$26.4tNT$4.9tNT$1.1t20.3x24.9x5.4x
Sun, 12 Dec 2021NT$25.2tNT$4.9tNT$1.1t21.7x23.8x5.1x
Tue, 09 Nov 2021NT$24.5tNT$4.9tNT$1.0t20.9x23.6x5.1x
Thu, 07 Oct 2021NT$22.8tNT$4.6tNT$952.4b18.3x23.9x4.9x
Sat, 04 Sep 2021NT$25.1tNT$4.6tNT$952.4b21.9x26.3x5.4x
Mon, 02 Aug 2021NT$24.2tNT$4.6tNT$952.4b23.1x25.4x5.2x
Price to Earnings Ratio

25.4x


Total Market Cap: NT$24.2tTotal Earnings: NT$952.4bTotal Revenue: NT$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Semiconductors Industry Price to Earnings3Y Average 18.5x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.8x which is higher than its 3-year average PE of 18.5x.
  • The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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-2.30%
Tech-2.81%
Semiconductors-2.81%
Semiconductors-2.75%
Semiconductor Equipment-4.33%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings decline of 18.3% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.2x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 20% 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
3131 Grand Process TechnologyNT$1.56k10.6%
+NT$4.3b		138.5%PE67.4x
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
6640 Gallant Micro. MachiningNT$830.0010.4%
+NT$2.2b		561.4%PE103.6x
2393 Everlight ElectronicsNT$83.605.0%
+NT$1.8b		60.5%PE21.2x
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6488

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