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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies20
  • 7D-3.2%
  • 3M0.3%
  • 1Y-23.0%
  • YTD-2.4%

Over the last 7 days, the Utilities industry has dropped 1.8%, driven by pullbacks in HD Renewable Energy and Taiwan Cogeneration of 10% and 3.7%, respectively. In contrast, Santi Renewable Energy has gained 5.9%. Overall the industry is down 25% in 12 months. As for the next few years, earnings are expected to grow by 134% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026NT$157.8bNT$92.2b-NT$6,311,191,000.0021.1x-25x1.7x
Thu, 26 Feb 2026NT$169.0bNT$90.2b-NT$4,175,537,000.0018.9x-40.5x1.9x
Sat, 24 Jan 2026NT$169.1bNT$90.2b-NT$4,175,537,000.0018.6x-40.5x1.9x
Mon, 22 Dec 2025NT$153.9bNT$90.2b-NT$4,175,537,000.0018.5x-36.9x1.7x
Wed, 19 Nov 2025NT$154.1bNT$89.8b-NT$4,186,412,000.0018.5x-36.8x1.7x
Fri, 17 Oct 2025NT$178.6bNT$84.6bNT$4.1b19.4x43.4x2.1x
Sun, 14 Sep 2025NT$177.8bNT$84.0bNT$4.1b19.6x43.4x2.1x
Tue, 12 Aug 2025NT$197.2bNT$78.0bNT$8.1b22.2x24.2x2.5x
Thu, 10 Jul 2025NT$199.4bNT$77.8bNT$8.2b22.9x24.4x2.6x
Sat, 07 Jun 2025NT$207.0bNT$76.8bNT$8.2b23x25.4x2.7x
Mon, 05 May 2025NT$196.8bNT$72.0bNT$8.3b21x23.7x2.7x
Wed, 02 Apr 2025NT$191.0bNT$71.7bNT$8.3b21.7x23x2.7x
Fri, 28 Feb 2025NT$210.2bNT$63.5bNT$7.3b26.2x29x3.3x
Sun, 26 Jan 2025NT$201.6bNT$63.5bNT$7.3b25.8x27.8x3.2x
Tue, 24 Dec 2024NT$206.0bNT$63.5bNT$7.3b25.1x28.4x3.2x
Thu, 21 Nov 2024NT$206.2bNT$63.5bNT$7.3b26.3x28.4x3.2x
Sat, 19 Oct 2024NT$221.4bNT$59.2bNT$7.1b27.5x31.1x3.7x
Mon, 16 Sep 2024NT$209.2bNT$58.3bNT$7.0b25.9x29.8x3.6x
Wed, 14 Aug 2024NT$194.9bNT$57.6bNT$6.8b26.1x28.5x3.4x
Fri, 12 Jul 2024NT$214.0bNT$55.2bNT$6.9b26.5x31.2x3.9x
Sun, 09 Jun 2024NT$180.3bNT$55.2bNT$6.9b22.3x26.3x3.3x
Tue, 07 May 2024NT$184.4bNT$52.6bNT$7.3b23x25.2x3.5x
Thu, 04 Apr 2024NT$184.7bNT$52.7bNT$7.3b22.2x25.4x3.5x
Sat, 02 Mar 2024NT$184.0bNT$51.4bNT$7.4b21.1x24.9x3.6x
Mon, 29 Jan 2024NT$159.6bNT$51.4bNT$7.4b20.9x21.6x3.1x
Wed, 27 Dec 2023NT$154.1bNT$51.4bNT$7.4b19.4x20.9x3x
Fri, 24 Nov 2023NT$154.0bNT$51.4bNT$7.4b19.5x20.9x3x
Sun, 22 Oct 2023NT$148.0bNT$48.2bNT$7.2b18.1x20.5x3.1x
Tue, 19 Sep 2023NT$155.0bNT$48.2bNT$7.2b18.9x21.5x3.2x
Thu, 17 Aug 2023NT$151.5bNT$48.4bNT$7.2b18.6x21x3.1x
Sat, 15 Jul 2023NT$164.8bNT$45.3bNT$5.9b25.2x27.8x3.6x
Mon, 12 Jun 2023NT$166.0bNT$44.9bNT$5.9b22.9x28.1x3.7x
Wed, 10 May 2023NT$160.1bNT$43.5bNT$5.2b24.2x30.5x3.7x
Fri, 07 Apr 2023NT$151.7bNT$43.1bNT$5.4b25.1x28.3x3.5x
Price to Earnings Ratio

28.3x


Total Market Cap: NT$151.7bTotal Earnings: NT$5.4bTotal Revenue: NT$43.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 19.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Taiwanese Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 29% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Taiwanese Utilities sector?

TW Market-0.51%
Utilities-3.22%
Water Utilities-0.18%
Gas Utilities-2.76%
Renewable Energy-3.56%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to its 3-year average PE ratio of 21.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 134% over the next 5 years.
  • This is better than its past earnings growth rate of 1.8% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 134% 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$13.304.7%
+NT$194.3m		-51.6%PS4x
7877 TEINCO TechnologyLtdNT$47.152.5%
+NT$44.7m		n/an/a
8931 Ta-Yuan CogenerationNT$44.700.2%
+NT$12.2m		-3.5%PE23.9x

Latest News

6869
NT$89.30
J&V Energy Technology
7D
-2.4%
1Y
-40.9%
6873
NT$84.50
HD Renewable Energy
7D
-10.5%
1Y
-51.9%
8908
NT$40.85
ShinHsiung Natural Gas
7D
-4.7%
1Y
-0.8%
9918
NT$50.00
Shin Shin Natural Gas
7D
-2.5%
1Y
27.4%
6806
NT$38.40
Shinfox Energy
7D
-2.5%
1Y
-54.1%
9931
NT$38.75
Hsin Kao GasLtd
7D
-10.1%
1Y
9.6%
8926
NT$44.10
Taiwan Cogeneration
7D
-3.7%
1Y
7.3%
8931
NT$44.70
Ta-Yuan Cogeneration
7D
0.2%
1Y
-3.5%
8917
NT$55.00
Hsin Tai Gas
7D
-2.8%
1Y
-10.7%
6946
NT$13.30
Santi Renewable Energy
7D
4.7%
1Y
-51.6%
7877
NT$47.15
TEINCO TechnologyLtd
7D
2.5%
1Y
n/a