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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 13, 2024
DataAggregated Company Financials
Companies16
  • 7D0.6%
  • 3M17.6%
  • 1Y9.8%
  • YTD16.4%

The Utilities is pretty flat in the last 7 days, but HD Renewable Energy has stood out, gaining 7.0%. As for the the longer term, the industry is up 8.7% over the past 12 months. As for the next few years, earnings are expected to grow by 35% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Apr 2024NT$185.8bNT$52.7bNT$7.3b22.1x25.5x3.5x
Mon, 11 Mar 2024NT$178.3bNT$55.0bNT$7.7b20.8x23.3x3.2x
Wed, 07 Feb 2024NT$157.9bNT$51.4bNT$7.4b20.9x21.4x3.1x
Fri, 05 Jan 2024NT$153.7bNT$51.4bNT$7.4b19.3x20.8x3x
Sun, 03 Dec 2023NT$152.8bNT$51.4bNT$7.4b19.3x20.7x3x
Tue, 31 Oct 2023NT$149.2bNT$48.2bNT$7.2b18.1x20.7x3.1x
Thu, 28 Sep 2023NT$154.6bNT$49.2bNT$7.3b17.2x21.3x3.1x
Sat, 26 Aug 2023NT$151.2bNT$48.2bNT$7.2b18.9x21x3.1x
Mon, 24 Jul 2023NT$162.3bNT$45.3bNT$5.9b24.7x27.4x3.6x
Wed, 21 Jun 2023NT$169.4bNT$44.9bNT$5.9b23.3x28.7x3.8x
Fri, 19 May 2023NT$161.5bNT$44.3bNT$5.3b25.6x30.5x3.6x
Sun, 16 Apr 2023NT$156.0bNT$43.5bNT$5.3b25.5x29.4x3.6x
Tue, 14 Mar 2023NT$150.9bNT$40.1bNT$4.7b32.9x32.1x3.8x
Thu, 09 Feb 2023NT$140.5bNT$41.0bNT$4.7b26x29.6x3.4x
Sat, 07 Jan 2023NT$134.9bNT$41.0bNT$4.7b21.9x28.4x3.3x
Mon, 05 Dec 2022NT$130.5bNT$39.0bNT$4.4b21.3x29.9x3.3x
Wed, 02 Nov 2022NT$122.6bNT$39.4bNT$4.1b31x30.2x3.1x
Fri, 30 Sep 2022NT$129.5bNT$39.4bNT$4.1b30.7x31.9x3.3x
Sun, 28 Aug 2022NT$136.4bNT$39.4bNT$4.1b31.7x33.6x3.5x
Tue, 26 Jul 2022NT$133.3bNT$35.9bNT$4.5b24.6x29.5x3.7x
Thu, 23 Jun 2022NT$136.2bNT$35.9bNT$4.5b25.7x30.1x3.8x
Sat, 21 May 2022NT$131.7bNT$36.8bNT$4.8b25.2x27.7x3.6x
Mon, 18 Apr 2022NT$135.3bNT$34.4bNT$4.9b24.2x27.6x3.9x
Wed, 16 Mar 2022NT$127.5bNT$34.8bNT$4.8b22.5x26.6x3.7x
Fri, 11 Feb 2022NT$127.1bNT$32.6bNT$4.9b22.7x25.8x3.9x
Sun, 09 Jan 2022NT$110.3bNT$29.5bNT$4.4b21.7x25.2x3.7x
Tue, 07 Dec 2021NT$107.3bNT$29.5bNT$4.4b21.7x24.5x3.6x
Thu, 04 Nov 2021NT$111.4bNT$29.2bNT$4.5b20.7x24.6x3.8x
Sat, 02 Oct 2021NT$113.1bNT$29.2bNT$4.5b21.1x25x3.9x
Mon, 30 Aug 2021NT$108.6bNT$29.2bNT$4.5b20.1x24x3.7x
Tue, 06 Jul 2021NT$105.2bNT$29.2bNT$4.5b19.3x23.2x3.6x
Price to Earnings Ratio

22.3x


Total Market Cap: NT$103.2bTotal Earnings: NT$4.6bTotal Revenue: NT$29.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 26.2x202220232024
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 26.2x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market1.81%
Utilities0.61%
Water Utilities1.32%
Renewable Energy1.18%
Electric Utilities0%
Other Utilities0%
Gas Utilities-0.49%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 30.1x.
    • Analysts are expecting annual earnings growth of 35.0%, which is higher than its past year's earnings growth of 31.8% 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 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 35% 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 35% 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$179.5013.6%
+NT$2.2b		30.5%PE22.3x
8926 Taiwan CogenerationNT$47.700.8%
+NT$292.1m		11.8%PE27.8x
6771 Ping Ho Environmental TechnologyNT$82.405.9%
+NT$134.2m		27.2%PE17.3x
9918 Shin Shin Natural GasNT$41.451.2%
+NT$89.0m		0.1%PE20.7x
9908 Great Taipei GasNT$32.450.3%
+NT$50.1m		2.2%PE14x
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8917

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