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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies19
  • 7D-2.7%
  • 3M0.3%
  • 1Y-17.1%
  • YTD-7.2%

Over the last 7 days, the Utilities industry has dropped 2.7%, driven by a pullback from Taiwan Cogeneration of 6.4%. The industry has fallen 17% in the last year. Earnings are forecast to grow by 45% annually.

Sector Valuation and Performance

Has the Taiwanese Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 04 Jul 2025NT$201.6bNT$77.8bNT$8.2b23x24.6x2.6x
Sun, 01 Jun 2025NT$207.8bNT$76.8bNT$8.2b23x25.5x2.7x
Tue, 29 Apr 2025NT$185.4bNT$71.8bNT$8.3b19.5x22.4x2.6x
Thu, 27 Mar 2025NT$202.1bNT$70.7bNT$8.3b22.5x24.3x2.9x
Sat, 22 Feb 2025NT$212.1bNT$63.5bNT$7.3b26.3x29.2x3.3x
Mon, 20 Jan 2025NT$198.8bNT$63.5bNT$7.3b25.7x27.4x3.1x
Wed, 18 Dec 2024NT$207.0bNT$58.7bNT$6.5b26.6x31.8x3.5x
Fri, 15 Nov 2024NT$233.9bNT$59.2bNT$6.8b26.8x34.5x3.9x
Sun, 13 Oct 2024NT$222.5bNT$58.3bNT$7.0b26.1x31.7x3.8x
Tue, 10 Sep 2024NT$204.1bNT$58.3bNT$7.0b25.9x29.1x3.5x
Thu, 08 Aug 2024NT$190.0bNT$55.5bNT$6.9b24.4x27.4x3.4x
Sat, 06 Jul 2024NT$207.0bNT$55.2bNT$6.9b26.8x30.2x3.8x
Mon, 03 Jun 2024NT$176.7bNT$55.0bNT$6.9b22x25.8x3.2x
Wed, 01 May 2024NT$185.4bNT$52.6bNT$7.3b23.2x25.4x3.5x
Fri, 29 Mar 2024NT$183.3bNT$52.8bNT$7.3b22.6x25.2x3.5x
Sun, 25 Feb 2024NT$166.2bNT$51.4bNT$7.4b20.6x22.5x3.2x
Tue, 23 Jan 2024NT$156.8bNT$51.4bNT$7.4b19.7x21.2x3.1x
Thu, 21 Dec 2023NT$153.5bNT$51.4bNT$7.4b19.4x20.8x3x
Sat, 18 Nov 2023NT$154.0bNT$50.1bNT$7.2b18.9x21.3x3.1x
Mon, 16 Oct 2023NT$152.6bNT$49.2bNT$7.3b16.8x21x3.1x
Wed, 13 Sep 2023NT$151.6bNT$48.2bNT$7.2b18.8x21x3.1x
Fri, 11 Aug 2023NT$156.3bNT$46.0bNT$6.2b23.7x25.4x3.4x
Sun, 09 Jul 2023NT$165.7bNT$44.9bNT$5.9b22.4x28x3.7x
Tue, 06 Jun 2023NT$162.3bNT$44.6bNT$5.8b23.1x28.1x3.6x
Thu, 04 May 2023NT$159.7bNT$43.5bNT$5.2b24.5x30.4x3.7x
Sat, 01 Apr 2023NT$150.3bNT$43.1bNT$5.4b25.2x28x3.5x
Mon, 27 Feb 2023NT$148.5bNT$40.1bNT$4.7b29.2x31.6x3.7x
Wed, 25 Jan 2023NT$135.6bNT$41.0bNT$4.7b22.7x28.6x3.3x
Fri, 23 Dec 2022NT$133.1bNT$41.0bNT$4.7b21.4x28.1x3.2x
Sun, 20 Nov 2022NT$124.5bNT$39.0bNT$4.3b24.2x29.1x3.2x
Tue, 18 Oct 2022NT$123.2bNT$39.4bNT$4.1b30.7x30.3x3.1x
Thu, 15 Sep 2022NT$135.5bNT$39.4bNT$4.1b32.2x33.4x3.4x
Sat, 13 Aug 2022NT$134.7bNT$35.9bNT$4.5b24.8x29.7x3.7x
Mon, 11 Jul 2022NT$135.1bNT$35.9bNT$4.5b25.7x29.9x3.8x
Price to Earnings Ratio

29.9x


Total Market Cap: NT$135.1bTotal Earnings: NT$4.5bTotal Revenue: NT$35.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 27.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the Taiwanese Utilities 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 27.2x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 29% 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 Utilities sector?

TW Market0.63%
Utilities-2.74%
Gas Utilities0.91%
Water Utilities-0.45%
Renewable Energy-4.29%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 32.7x.
    • Analysts expect its future annual earnings growth (45.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 45% 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
6946 Santi Renewable EnergyNT$23.051.3%
+NT$97.1m		n/aPE164.2x
9931 Hsin Kao GasLtdNT$34.801.9%
+NT$78.2m		-3.9%PE11.2x
9926 Shin Hai GasNT$52.100.8%
+NT$71.8m		-5.3%PE20.1x
8908 ShinHsiung Natural GasNT$42.200.5%
+NT$61.2m		-15.6%PE20.3x
9918 Shin Shin Natural GasNT$40.400.7%
+NT$53.4m		-3.1%PE22.9x

Latest News

8917
NT$60.70
Hsin Tai Gas
7D
-0.5%
1Y
0%
9918
NT$40.40
Shin Shin Natural Gas
7D
0.7%
1Y
-3.1%
6771
NT$57.90
Ping Ho Environmental Technology
7D
2.5%
1Y
-17.3%
8926
NT$42.60
Taiwan Cogeneration
7D
-6.2%
1Y
-7.8%
9926
NT$52.10
Shin Hai Gas
7D
0.8%
1Y
-5.3%
6869
NT$162.50
J&V Energy Technology
7D
-3.8%
1Y
-36.6%
9931
NT$34.80
Hsin Kao GasLtd
7D
1.9%
1Y
-3.9%
7842
NT$204.00
Greenet
7D
-11.7%
1Y
n/a
6873
NT$235.50
HD Renewable Energy
7D
-2.9%
1Y
13.8%
6994
NT$104.00
Foxwell Power
7D
-9.6%
1Y
-24.4%
8435
NT$66.90
Zimmite Taiwan
7D
1.5%
1Y
-5.1%
8908
NT$42.20
ShinHsiung Natural Gas
7D
0.5%
1Y
-15.6%
6946
NT$23.05
Santi Renewable Energy
7D
1.3%
1Y
n/a
6987
NT$32.85
Ina Energy
7D
-1.5%
1Y
n/a
7590
NT$21.10
YIHO International
7D
-4.5%
1Y
-14.6%