Additional Considerations Required While Assessing B'in Live's (TWSE:6625) Strong Earnings
Mar 15
Taiwanese (TAIEX) Entertainment Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies27
- 7D-6.3%
- 3M14.0%
- 1Y55.1%
- YTD18.3%
Over the last 7 days, the Entertainment industry has dropped 6.3%, driven by a pullback from International Games SystemLtd of 6.1%. In the past year, the industry has gained 55%. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Taiwanese Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | NT$238.2b | NT$50.1b | NT$9.3b | 27.6x | 25.6x | 4.8x |
| Thu, 21 Mar 2024 | NT$260.1b | NT$49.3b | NT$9.9b | 24x | 26.2x | 5.3x |
| Sat, 17 Feb 2024 | NT$210.4b | NT$48.7b | NT$9.7b | 20.8x | 21.8x | 4.3x |
| Mon, 15 Jan 2024 | NT$204.9b | NT$51.0b | NT$9.6b | 20.8x | 21.4x | 4x |
| Wed, 13 Dec 2023 | NT$207.6b | NT$51.0b | NT$9.6b | 23.2x | 21.7x | 4.1x |
| Fri, 10 Nov 2023 | NT$179.5b | NT$49.7b | NT$9.3b | 19.2x | 19.2x | 3.6x |
| Sun, 08 Oct 2023 | NT$173.6b | NT$50.4b | NT$9.7b | 14.8x | 17.9x | 3.4x |
| Tue, 05 Sep 2023 | NT$166.7b | NT$50.4b | NT$9.7b | 15.4x | 17.2x | 3.3x |
| Thu, 03 Aug 2023 | NT$171.3b | NT$49.1b | NT$9.2b | 15.5x | 18.6x | 3.5x |
| Sat, 01 Jul 2023 | NT$184.3b | NT$48.7b | NT$9.1b | 19.8x | 20.3x | 3.8x |
| Mon, 29 May 2023 | NT$164.9b | NT$48.1b | NT$9.2b | 18.9x | 18x | 3.4x |
| Wed, 26 Apr 2023 | NT$155.4b | NT$48.7b | NT$9.4b | 15.3x | 16.5x | 3.2x |
| Fri, 24 Mar 2023 | NT$159.1b | NT$47.2b | NT$9.1b | 14.9x | 17.4x | 3.4x |
| Sun, 19 Feb 2023 | NT$153.3b | NT$47.5b | NT$9.2b | 14.8x | 16.7x | 3.2x |
| Tue, 17 Jan 2023 | NT$141.9b | NT$47.5b | NT$9.2b | 14.1x | 15.4x | 3x |
| Thu, 15 Dec 2022 | NT$129.8b | NT$47.5b | NT$9.2b | 14.4x | 14.1x | 2.7x |
| Sat, 12 Nov 2022 | NT$121.9b | NT$47.1b | NT$9.1b | 13.8x | 13.4x | 2.6x |
| Mon, 10 Oct 2022 | NT$118.8b | NT$47.4b | NT$8.8b | 15.2x | 13.4x | 2.5x |
| Wed, 07 Sep 2022 | NT$123.3b | NT$47.4b | NT$8.8b | 15.8x | 14x | 2.6x |
| Fri, 05 Aug 2022 | NT$118.9b | NT$47.5b | NT$8.3b | 11.5x | 14.3x | 2.5x |
| Sun, 03 Jul 2022 | NT$124.1b | NT$47.5b | NT$8.3b | 12.7x | 14.9x | 2.6x |
| Tue, 31 May 2022 | NT$129.5b | NT$47.5b | NT$8.3b | 13.9x | 15.6x | 2.7x |
| Thu, 28 Apr 2022 | NT$125.1b | NT$47.1b | NT$7.6b | 12.6x | 16.4x | 2.7x |
| Sat, 26 Mar 2022 | NT$136.0b | NT$47.9b | NT$7.3b | 13.3x | 18.6x | 2.8x |
| Mon, 21 Feb 2022 | NT$132.6b | NT$47.6b | NT$7.1b | 13.6x | 18.6x | 2.8x |
| Wed, 19 Jan 2022 | NT$135.3b | NT$47.6b | NT$7.1b | 13.6x | 19x | 2.8x |
| Fri, 17 Dec 2021 | NT$140.7b | NT$47.6b | NT$7.1b | 14.1x | 19.8x | 3x |
| Sun, 14 Nov 2021 | NT$131.3b | NT$47.8b | NT$5.5b | 13.2x | 23.8x | 2.7x |
| Tue, 12 Oct 2021 | NT$123.2b | NT$47.4b | NT$5.3b | 12.3x | 23.1x | 2.6x |
| Thu, 09 Sep 2021 | NT$120.0b | NT$47.4b | NT$5.3b | 12.8x | 22.5x | 2.5x |
| Sat, 07 Aug 2021 | NT$142.2b | NT$47.4b | NT$5.3b | 14.2x | 26.7x | 3x |
| Fri, 30 Apr 2021 | NT$143.2b | NT$45.9b | NT$5.2b | 19.9x | 27.4x | 3.1x |
Price to Earnings Ratio
27.4x
Current Industry PE
- Investors are optimistic on the Taiwanese Entertainment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.6x which is higher than its 3-year average PE of 19.3x.
- The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Entertainment industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 Telecom industry?
| TW Market | -5.75% | |
| Telecom | -2.63% | |
| Entertainment | -6.34% | |
| Movies and Entertainment | -2.13% | |
| Interactive Home Entertainment | -7.01% | |
Industry PE
- Investors are most optimistic about the Interactive Home Entertainment industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings decline of 3.3% per year.
- Investors are most pessimistic about the Movies and Entertainment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Interactive Home Entertainment industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 5478 Soft-World International | NT$136.50 | 1.9% +NT$302.3m | 37.2% | PE19.2x | |
| 8446 HIM International Music | NT$106.00 | 2.4% +NT$132.3m | 18.3% | PE12.9x | |
| 6180 Gamania Digital Entertainment | NT$70.80 | 0.4% +NT$52.6m | 0.7% | PE21.6x | |
| 6144 Deltamac(Taiwan)Co.Ltd | NT$20.80 | 5.9% +NT$44.0m | 46.5% | PS4.2x | |
| 6101 Kwan's International | NT$46.05 | 0.7% +NT$34.3m | -4.9% | PE84.3x |