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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies19
  • 7D-0.4%
  • 3M-10.8%
  • 1Y-23.1%
  • YTD-12.8%

Over the last 7 days, the Utilities industry has dropped 2.1%, driven by a pullback from Shinfox Energy of 10%. Meanwhile, HD Renewable Energy actually outperformed within the industry, gaining 6.1% in the last week. The industry has fallen 23% in the last year. As for the next few years, earnings are expected to grow by 74% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025NT$189.6bNT$83.4bNT$4.1b19.6x46.3x2.3x
Tue, 22 Jul 2025NT$200.6bNT$77.8bNT$8.2b23x24.5x2.6x
Thu, 19 Jun 2025NT$212.7bNT$76.8bNT$8.2b24.1x26.1x2.8x
Sat, 17 May 2025NT$202.7bNT$76.8bNT$8.4b22.6x24.2x2.6x
Mon, 14 Apr 2025NT$178.8bNT$71.7bNT$8.3b18.9x21.4x2.5x
Wed, 12 Mar 2025NT$203.7bNT$63.8bNT$7.3b25.7x28x3.2x
Fri, 07 Feb 2025NT$208.6bNT$63.5bNT$7.3b26.3x28.7x3.3x
Sun, 05 Jan 2025NT$205.7bNT$63.5bNT$7.3b25.8x28.3x3.2x
Tue, 03 Dec 2024NT$208.5bNT$63.5bNT$7.3b26.5x28.7x3.3x
Thu, 31 Oct 2024NT$237.0bNT$60.6bNT$7.2b29.3x33x3.9x
Sat, 28 Sep 2024NT$217.7bNT$58.3bNT$7.0b26x31x3.7x
Mon, 26 Aug 2024NT$205.0bNT$57.4bNT$6.9b24.1x29.9x3.6x
Wed, 24 Jul 2024NT$221.5bNT$55.2bNT$6.9b26.6x32.3x4x
Fri, 21 Jun 2024NT$185.1bNT$55.2bNT$6.9b22.7x27x3.4x
Sun, 19 May 2024NT$177.0bNT$54.9bNT$6.9b22.1x25.7x3.2x
Tue, 16 Apr 2024NT$186.5bNT$52.7bNT$7.3b22.7x25.6x3.5x
Thu, 14 Mar 2024NT$181.2bNT$55.0bNT$7.7b21.2x23.7x3.3x
Sat, 10 Feb 2024NT$157.9bNT$51.4bNT$7.4b20.9x21.4x3.1x
Mon, 08 Jan 2024NT$154.0bNT$51.4bNT$7.4b19.3x20.9x3x
Wed, 06 Dec 2023NT$154.3bNT$51.4bNT$7.4b19.4x20.9x3x
Fri, 03 Nov 2023NT$151.0bNT$48.2bNT$7.2b18.2x20.9x3.1x
Sun, 01 Oct 2023NT$156.1bNT$49.2bNT$7.3b17.2x21.5x3.2x
Tue, 29 Aug 2023NT$150.6bNT$48.2bNT$7.2b18.9x20.9x3.1x
Thu, 27 Jul 2023NT$162.8bNT$45.3bNT$5.9b24.8x27.5x3.6x
Sat, 24 Jun 2023NT$170.1bNT$44.9bNT$5.9b22.5x28.8x3.8x
Mon, 22 May 2023NT$160.0bNT$44.3bNT$5.3b25.4x30.2x3.6x
Wed, 19 Apr 2023NT$162.0bNT$43.5bNT$5.3b25.5x30.6x3.7x
Fri, 17 Mar 2023NT$149.0bNT$40.5bNT$5.1b25.1x29.2x3.7x
Sun, 12 Feb 2023NT$144.8bNT$41.0bNT$4.7b27.2x30.5x3.5x
Tue, 10 Jan 2023NT$135.4bNT$41.0bNT$4.7b22.4x28.6x3.3x
Thu, 08 Dec 2022NT$129.0bNT$41.0bNT$4.7b21.5x27.2x3.1x
Sat, 05 Nov 2022NT$121.5bNT$39.4bNT$4.1b31x29.9x3.1x
Mon, 03 Oct 2022NT$129.7bNT$39.4bNT$4.1b30.7x31.9x3.3x
Wed, 31 Aug 2022NT$135.6bNT$39.4bNT$4.1b31.7x33.4x3.4x
Price to Earnings Ratio

33.4x


Total Market Cap: NT$135.6bTotal Earnings: NT$4.1bTotal Revenue: NT$39.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 27.1x202320242025
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 45.7x which is higher than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.2x.
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 28% 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 Market-2.14%
Utilities-0.42%
Water Utilities0.085%
Renewable Energy-0.43%
Gas Utilities-0.44%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 32.7x.
    • Analysts are expecting annual earnings growth of 73.9%, which is higher than its past year's earnings growth of 47.7% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 74% over the next 5 years.
  • This is better than its past earnings growth rate of 48% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 74% 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$182.506.1%
+NT$1.5b		-21.9%PE20.9x
6869 J&V Energy TechnologyNT$135.503.4%
+NT$613.5m		-46.2%PE14.4x
6639 Grand Green EnergyNT$10.5520.0%
+NT$101.5m		-24.4%PS5.4x
8908 ShinHsiung Natural GasNT$42.250.1%
+NT$15.3m		-11.4%PE19x
6771 Ping Ho Environmental TechnologyNT$54.400.6%
+NT$9.4m		-19.6%PE13x

Latest News

6873
NT$182.50
HD Renewable Energy
7D
6.1%
1Y
-21.9%
6987
NT$34.15
Ina Energy
7D
-3.3%
1Y
n/a
8908
NT$42.25
ShinHsiung Natural Gas
7D
0.1%
1Y
-11.4%
6869
NT$135.50
J&V Energy Technology
7D
3.4%
1Y
-46.2%
6639
NT$10.55
Grand Green Energy
7D
20.0%
1Y
-24.4%
7842
NT$195.00
Greenet
7D
-2.5%
1Y
n/a
6806
NT$60.60
Shinfox Energy
7D
-10.5%
1Y
-57.0%
9918
NT$39.95
Shin Shin Natural Gas
7D
-1.2%
1Y
-4.7%
8926
NT$46.80
Taiwan Cogeneration
7D
-0.4%
1Y
4.3%
6994
NT$91.80
Foxwell Power
7D
-2.1%
1Y
-28.6%
9926
NT$50.00
Shin Hai Gas
7D
-0.8%
1Y
-9.7%
6771
NT$54.40
Ping Ho Environmental Technology
7D
0.6%
1Y
-19.6%
6946
NT$22.50
Santi Renewable Energy
7D
-1.3%
1Y
n/a