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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.7%
  • 3M-1.5%
  • 1Y-16.7%
  • YTD-5.5%

Over the last 7 days, the Utilities industry has remained flat, although notably HD Renewable Energy gained 6.2%. Unfortunately though, the industry is down 10% over the past 12 months. As for the next few years, earnings are expected to grow by 114% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026NT$144.0bNT$61.0bNT$5.5b20.5x26.2x2.4x
Sun, 08 Mar 2026NT$173.8bNT$93.0b-NT$3,846,248,000.0018.9x-45.2x1.9x
Tue, 03 Feb 2026NT$166.4bNT$90.2b-NT$4,175,537,000.0018.4x-39.8x1.8x
Thu, 01 Jan 2026NT$153.3bNT$90.2b-NT$4,175,537,000.0018.5x-36.7x1.7x
Sat, 29 Nov 2025NT$157.7bNT$89.8b-NT$4,185,836,000.0018.9x-37.7x1.8x
Mon, 27 Oct 2025NT$175.9bNT$84.6bNT$4.1b19.5x42.7x2.1x
Wed, 24 Sep 2025NT$175.5bNT$84.6bNT$4.1b19.4x42.7x2.1x
Fri, 22 Aug 2025NT$186.9bNT$83.4bNT$4.1b19.3x45.7x2.2x
Sun, 20 Jul 2025NT$201.3bNT$77.8bNT$8.2b23.1x24.6x2.6x
Tue, 17 Jun 2025NT$210.8bNT$76.8bNT$8.2b24x25.8x2.7x
Thu, 15 May 2025NT$203.0bNT$75.2bNT$8.4b22.5x24.2x2.7x
Sat, 12 Apr 2025NT$178.8bNT$71.7bNT$8.3b18.9x21.4x2.5x
Mon, 10 Mar 2025NT$205.8bNT$63.8bNT$7.3b26x28.3x3.2x
Wed, 05 Feb 2025NT$202.9bNT$63.5bNT$7.3b25.8x27.9x3.2x
Fri, 03 Jan 2025NT$205.5bNT$63.5bNT$7.3b25.9x28.3x3.2x
Sun, 01 Dec 2024NT$207.9bNT$63.5bNT$7.3b26.4x28.6x3.3x
Tue, 29 Oct 2024NT$236.9bNT$60.6bNT$7.2b29.5x33x3.9x
Thu, 26 Sep 2024NT$218.2bNT$58.3bNT$7.0b25.8x31.1x3.7x
Sat, 24 Aug 2024NT$205.0bNT$57.4bNT$6.9b24.1x29.9x3.6x
Mon, 22 Jul 2024NT$222.5bNT$55.2bNT$6.9b26.8x32.4x4x
Wed, 19 Jun 2024NT$183.1bNT$55.2bNT$6.9b22.4x26.7x3.3x
Fri, 17 May 2024NT$177.6bNT$54.9bNT$7.0b22.1x25.4x3.2x
Sun, 14 Apr 2024NT$185.8bNT$52.7bNT$7.3b22.1x25.5x3.5x
Tue, 12 Mar 2024NT$178.3bNT$55.0bNT$7.7b21x23.3x3.2x
Thu, 08 Feb 2024NT$157.9bNT$51.4bNT$7.4b20.9x21.4x3.1x
Sat, 06 Jan 2024NT$154.0bNT$51.4bNT$7.4b19.3x20.9x3x
Mon, 04 Dec 2023NT$152.8bNT$51.4bNT$7.4b19.3x20.7x3x
Wed, 01 Nov 2023NT$148.0bNT$48.2bNT$7.2b18x20.5x3.1x
Fri, 29 Sep 2023NT$156.1bNT$49.2bNT$7.3b17.2x21.5x3.2x
Sun, 27 Aug 2023NT$151.2bNT$48.2bNT$7.2b18.9x21x3.1x
Tue, 25 Jul 2023NT$162.9bNT$45.3bNT$5.9b24.7x27.5x3.6x
Thu, 22 Jun 2023NT$170.1bNT$44.9bNT$5.9b22.5x28.8x3.8x
Sat, 20 May 2023NT$160.0bNT$44.3bNT$5.3b25.4x30.2x3.6x
Mon, 17 Apr 2023NT$156.0bNT$43.5bNT$5.3b25.5x29.4x3.6x
Price to Earnings Ratio

29.4x


Total Market Cap: NT$156.0bTotal Earnings: NT$5.3bTotal Revenue: NT$43.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 19.7x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.4x which is higher than its 3-year average PE of 19.7x.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 and as a result, profits have held steady.

Industry Trends

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

TW Market7.04%
Utilities-0.69%
Water Utilities0.35%
Renewable Energy-0.32%
Gas Utilities-1.27%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 114.3%, which is higher than its past year's earnings growth of 1.8% per year.
  • Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 114% 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 114% 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
6873 HD Renewable EnergyNT$87.806.4%
+NT$751.9m		-48.0%PE24.7x
8917 Hsin Tai GasNT$53.501.5%
+NT$130.1m		-12.0%PE24x
6946 Santi Renewable EnergyNT$13.852.6%
+NT$113.3m		-45.6%PS4.2x
6994 Foxwell PowerNT$67.002.1%
+NT$100.8m		-30.8%PE10.7x
8435 Zimmite TaiwanNT$57.000.4%
+NT$7.0m		-20.4%PE16.2x

Latest News

9918
NT$43.50
Shin Shin Natural Gas
7D
-6.5%
1Y
11.5%
6806
NT$25.40
Shinfox Energy
7D
-26.9%
1Y
-63.9%
6869
NT$82.10
J&V Energy Technology
7D
-3.4%
1Y
-34.1%
7842
NT$150.50
Greenet
7D
-5.9%
1Y
n/a
6994
NT$67.00
Foxwell Power
7D
2.1%
1Y
-30.8%
8435
NT$57.00
Zimmite Taiwan
7D
0.4%
1Y
-20.4%
6873
NT$87.80
HD Renewable Energy
7D
6.4%
1Y
-48.0%
9931
NT$35.70
Hsin Kao GasLtd
7D
-4.3%
1Y
3.3%
8926
NT$43.25
Taiwan Cogeneration
7D
-0.5%
1Y
4.6%
8931
NT$41.85
Ta-Yuan Cogeneration
7D
-3.5%
1Y
-1.4%
8917
NT$53.50
Hsin Tai Gas
7D
1.5%
1Y
-12.0%
7897
NT$34.50
WHOLE Sun Green Power
7D
-4.2%
1Y
n/a
6946
NT$13.85
Santi Renewable Energy
7D
2.6%
1Y
-45.6%