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Taiwanese (TAIEX) Semiconductors Industry Analysis

UpdatedJun 22, 2024
DataAggregated Company Financials
Companies281
  • 7D4.7%
  • 3M19.8%
  • 1Y57.4%
  • YTD47.5%

In the last week, the Semiconductors industry is up 4.7%, with Taiwan Semiconductor Manufacturing up 5.2%. During this same period, the Jentech Precision Industrial underperformed, falling 6.9%. This takes the industry's 12 month performance to a gain of 57%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Jun 2024NT$36.0tNT$5.5tNT$1.2t31.5x29.8x6.5x
Mon, 20 May 2024NT$31.1tNT$5.5tNT$1.2t29.5x25.9x5.6x
Wed, 17 Apr 2024NT$30.4tNT$5.4tNT$1.2t31.1x26.1x5.7x
Fri, 15 Mar 2024NT$29.9tNT$5.4tNT$1.2t28.1x25.5x5.6x
Sun, 11 Feb 2024NT$25.6tNT$5.3tNT$1.2t27.5x21.9x4.8x
Tue, 09 Jan 2024NT$23.8tNT$5.4tNT$1.2t26.3x19.2x4.4x
Thu, 07 Dec 2023NT$23.4tNT$5.4tNT$1.2t26.3x18.9x4.4x
Sat, 04 Nov 2023NT$22.1tNT$5.4tNT$1.3t21.7x17.5x4.1x
Mon, 02 Oct 2023NT$20.9tNT$5.6tNT$1.4t22.5x15.2x3.8x
Wed, 30 Aug 2023NT$21.6tNT$5.6tNT$1.4t21.9x15.6x3.8x
Fri, 28 Jul 2023NT$22.2tNT$5.8tNT$1.4t19.8x15.3x3.8x
Sun, 25 Jun 2023NT$22.7tNT$5.9tNT$1.5t20.2x14.9x3.9x
Tue, 23 May 2023NT$20.9tNT$5.9tNT$1.5t17.3x13.6x3.5x
Thu, 20 Apr 2023NT$20.5tNT$6.1tNT$1.6t17.3x12.8x3.4x
Sat, 18 Mar 2023NT$20.8tNT$6.1tNT$1.6t14.2x12.9x3.4x
Mon, 13 Feb 2023NT$21.1tNT$6.1tNT$1.7t12.7x12.8x3.4x
Wed, 11 Jan 2023NT$19.1tNT$6.0tNT$1.6t11.8x12.3x3.2x
Fri, 09 Dec 2022NT$18.7tNT$6.0tNT$1.6t12x12x3.1x
Sun, 06 Nov 2022NT$15.5tNT$6.0tNT$1.6t10.8x9.9x2.6x
Tue, 04 Oct 2022NT$16.2tNT$5.8tNT$1.4t10.8x11.2x2.8x
Thu, 01 Sep 2022NT$19.5tNT$5.8tNT$1.4t13.4x13.5x3.4x
Sat, 30 Jul 2022NT$19.3tNT$5.7tNT$1.4t12.6x13.6x3.4x
Mon, 27 Jun 2022NT$19.2tNT$5.5tNT$1.3t13.1x14.7x3.5x
Wed, 25 May 2022NT$20.9tNT$5.5tNT$1.3t14.4x16x3.8x
Fri, 22 Apr 2022NT$22.4tNT$5.3tNT$1.2t16.8x17.9x4.2x
Sun, 20 Mar 2022NT$23.6tNT$5.2tNT$1.2t18.9x20.2x4.6x
Tue, 15 Feb 2022NT$25.5tNT$5.1tNT$1.1t20.3x22.3x5x
Thu, 13 Jan 2022NT$26.4tNT$4.9tNT$1.1t21x24.9x5.4x
Sat, 11 Dec 2021NT$25.2tNT$4.9tNT$1.1t21.7x23.8x5.1x
Mon, 08 Nov 2021NT$24.4tNT$4.8tNT$1.0t20.7x23.5x5x
Wed, 06 Oct 2021NT$22.9tNT$4.6tNT$952.4b19.2x24.1x5x
Fri, 03 Sep 2021NT$25.1tNT$4.6tNT$952.4b21.9x26.3x5.4x
Sun, 01 Aug 2021NT$23.8tNT$4.6tNT$952.4b22.7x25x5.1x
Price to Earnings Ratio

25x


Total Market Cap: NT$23.8tTotal Earnings: NT$952.2bTotal Revenue: NT$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Semiconductors Industry Price to Earnings3Y Average 18.3x202220232024
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 29.8x which is higher than its 3-year average PE of 18.3x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 8.2% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market3.15%
Tech4.28%
Semiconductors4.65%
Semiconductors4.73%
Semiconductor Equipment2.41%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 19.1%, 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 19% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 19% 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
2330 Taiwan Semiconductor ManufacturingNT$970.005.2%
+NT$1.2t		67.0%PE29.4x
2454 MediaTekNT$1.49k6.8%
+NT$151.2b		115.0%PE25.9x
3711 ASE Technology HoldingNT$174.505.1%
+NT$36.7b		37.9%PE23.9x
5347 Vanguard International SemiconductorNT$122.5011.4%
+NT$20.5b		38.9%PE27.6x
2449 King Yuan ElectronicsNT$112.0016.8%
+NT$19.7b		100.4%PE22.8x
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5347

NT$122.50

Vanguard International Semiconductor

7D

11.4%

1Y

38.9%

4967

NT$148.00

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7D

-17.3%

1Y

98.9%

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3529

NT$2,615.00

eMemory Technology

7D

-3.3%

1Y

16.7%

2449

NT$112.00

King Yuan Electronics

7D

16.8%

1Y

100.4%

3711

NT$174.50

ASE Technology Holding

7D

5.1%

1Y

37.9%

An Intrinsic Calculation For ASE Technology Holding Co., Ltd. (TWSE:3711) Suggests It's 32% Undervalued

Jun 19
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6176

NT$207.00

Radiant Opto-Electronics

7D

-5.5%

1Y

66.9%

6415

NT$517.00

Silergy

7D

-1.7%

1Y

37.1%

2303

NT$57.70

United Microelectronics

7D

2.5%

1Y

7.1%

United Microelectronics (TWSE:2303) Is Reducing Its Dividend To NT$3

Jun 14
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8299

NT$610.00

Phison Electronics

7D

-3.2%

1Y

48.1%

3653

NT$1,005.00

Jentech Precision Industrial

7D

-6.9%

1Y

53.4%

The Price Is Right For Jentech Precision Industrial Co., Ltd (TWSE:3653)

Jun 12
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2408

NT$72.20

Nanya Technology

7D

9.1%

1Y

-3.2%

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Jun 10
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2330

NT$970.00

Taiwan Semiconductor Manufacturing

7D

5.2%

1Y

67.0%

2344

NT$26.95

Winbond Electronics

7D

9.3%

1Y

-6.9%

Winbond Electronics Corporation's (TWSE:2344) Shares Not Telling The Full Story

Jun 07
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2379

NT$560.00

Realtek Semiconductor

7D

-1.6%

1Y

43.2%

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Jun 03
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2454

NT$1,490.00

MediaTek

7D

6.8%

1Y

115.0%

6526

NT$792.00

Airoha Technology

7D

-2.1%

1Y

34.9%

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