Taiwanese (TAIEX) Software Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies30
- 7D4.3%
- 3M7.6%
- 1Y32.8%
- YTD21.7%
Apex International Financial Engineering Res. & Tech is up 37%, leading the way for the Software industry, which has gained 4.3%. This means that the industry has gained 33% over the past year. Earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Taiwanese Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | NT$100.7b | NT$27.2b | NT$2.1b | 32.4x | 48.9x | 3.7x |
| Thu, 02 Nov 2023 | NT$89.1b | NT$26.9b | NT$2.2b | 22.8x | 40.5x | 3.3x |
| Sat, 30 Sep 2023 | NT$88.4b | NT$26.9b | NT$2.2b | 23.4x | 40.2x | 3.3x |
| Mon, 28 Aug 2023 | NT$90.7b | NT$26.9b | NT$2.2b | 24.8x | 42x | 3.4x |
| Wed, 26 Jul 2023 | NT$99.7b | NT$27.0b | NT$2.4b | 26.2x | 42.1x | 3.7x |
| Fri, 23 Jun 2023 | NT$91.5b | NT$26.2b | NT$2.3b | 24.6x | 39.2x | 3.5x |
| Sun, 21 May 2023 | NT$91.2b | NT$25.8b | NT$2.5b | 27.4x | 36x | 3.5x |
| Tue, 18 Apr 2023 | NT$88.7b | NT$25.6b | NT$2.6b | 22.5x | 34.7x | 3.5x |
| Thu, 16 Mar 2023 | NT$81.0b | NT$25.2b | NT$2.8b | 18.2x | 29.3x | 3.2x |
| Sat, 11 Feb 2023 | NT$77.0b | NT$25.0b | NT$2.0b | 14.6x | 37.8x | 3.1x |
| Mon, 09 Jan 2023 | NT$70.8b | NT$25.0b | NT$2.0b | 13.6x | 34.8x | 2.8x |
| Wed, 07 Dec 2022 | NT$64.1b | NT$25.0b | NT$2.0b | 13.6x | 31.5x | 2.6x |
| Fri, 04 Nov 2022 | NT$59.2b | NT$24.0b | NT$1.7b | 14.2x | 35.4x | 2.5x |
| Sun, 02 Oct 2022 | NT$59.8b | NT$24.0b | NT$1.7b | 15x | 35.8x | 2.5x |
| Tue, 30 Aug 2022 | NT$64.4b | NT$24.0b | NT$1.7b | 15.2x | 38.3x | 2.7x |
| Thu, 28 Jul 2022 | NT$63.0b | NT$22.5b | NT$1.5b | 15.2x | 42.4x | 2.8x |
| Sat, 25 Jun 2022 | NT$63.0b | NT$21.4b | NT$1.3b | 14.7x | 48.5x | 2.9x |
| Mon, 23 May 2022 | NT$66.6b | NT$21.4b | NT$1.3b | 15.3x | 51.7x | 3.1x |
| Wed, 20 Apr 2022 | NT$69.8b | NT$20.7b | NT$986.7m | 16.3x | 70.8x | 3.4x |
| Fri, 18 Mar 2022 | NT$70.2b | NT$20.7b | NT$850.5m | 16.9x | 82.5x | 3.4x |
| Sun, 13 Feb 2022 | NT$75.7b | NT$20.4b | NT$1.5b | 18.1x | 50.5x | 3.7x |
| Tue, 11 Jan 2022 | NT$80.0b | NT$20.4b | NT$1.5b | 17.9x | 53.3x | 3.9x |
| Thu, 09 Dec 2021 | NT$81.4b | NT$20.4b | NT$1.5b | 18.3x | 54.3x | 4x |
| Sat, 06 Nov 2021 | NT$76.2b | NT$20.0b | NT$1.4b | 17.9x | 55.5x | 3.8x |
| Mon, 04 Oct 2021 | NT$67.4b | NT$20.0b | NT$1.4b | 17.7x | 49.2x | 3.4x |
| Wed, 01 Sep 2021 | NT$74.7b | NT$20.0b | NT$1.4b | 17.9x | 54.5x | 3.7x |
| Thu, 08 Jul 2021 | NT$80.8b | NT$20.0b | NT$1.4b | 18.7x | 58.9x | 4x |
| Wed, 31 Mar 2021 | NT$47.3b | NT$18.6b | NT$933.6m | 19.2x | 50.7x | 2.5x |
| Sat, 02 Jan 2021 | NT$40.4b | NT$18.3b | NT$922.2m | 17.1x | 43.8x | 2.2x |
Price to Earnings Ratio
43.8x
Current Industry PE
- Investors are relatively neutral on the Taiwanese Software 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 46.1x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 1.86% | |
| Tech | 2.07% | |
| Software | 4.32% | |
| Systems Software | 8.59% | |
| Application Software | 3.03% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 66.9x.
- Analysts are expecting annual earnings growth of 36.2%, which is higher than its past year's earnings growth of 2.5% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.2x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings growth rate of 2.5% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 36% 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 | |
|---|---|---|---|---|---|
| 5210 Apex International Financial Engineering Res. & Tech | NT$51.40 | 36.7% +NT$858.1m | 231.6% | PS12.5x | |
| 6231 Insyde Software | NT$189.00 | 11.2% +NT$722.8m | 91.9% | PE38.6x | |
| 6874 M-POWER INFORMATION | NT$140.50 | 21.1% +NT$539.0m | 150.9% | n/a | |
| 3564 AEWIN TechnologiesLtd | NT$51.80 | 15.6% +NT$413.9m | 69.3% | PE62.2x | |
| 3570 Otsuka Information Technology | NT$161.00 | 13.4% +NT$324.8m | 78.7% | PE13.5x |