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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.0%
  • 3M-0.7%
  • 1Y-10.2%
  • YTD-5.0%

Over the last 7 days, the Utilities industry has dropped 1.3%, driven by a pullback from Shinfox Energy of 27%. In contrast, HD Renewable Energy has gained 5.1%. However, the industry is down 14% over the past year. Earnings are forecast to grow by 114% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026NT$144.8bNT$61.0bNT$5.5b20.6x26.4x2.4x
Sat, 07 Mar 2026NT$173.8bNT$93.0b-NT$3,846,248,000.0018.9x-45.2x1.9x
Mon, 02 Feb 2026NT$167.7bNT$90.2b-NT$4,175,537,000.0018.5x-40.2x1.9x
Wed, 31 Dec 2025NT$153.9bNT$90.2b-NT$4,175,537,000.0018.4x-36.9x1.7x
Fri, 28 Nov 2025NT$157.6bNT$89.8b-NT$4,185,836,000.0018.8x-37.6x1.8x
Sun, 26 Oct 2025NT$175.9bNT$84.6bNT$4.1b19.5x42.7x2.1x
Tue, 23 Sep 2025NT$175.7bNT$84.6bNT$4.1b19.5x42.7x2.1x
Thu, 21 Aug 2025NT$186.2bNT$83.4bNT$4.1b19.3x45.5x2.2x
Sat, 19 Jul 2025NT$201.3bNT$77.8bNT$8.2b23.1x24.6x2.6x
Mon, 16 Jun 2025NT$208.5bNT$76.8bNT$8.2b23.5x25.6x2.7x
Wed, 14 May 2025NT$201.4bNT$75.3bNT$8.3b22.4x24.2x2.7x
Fri, 11 Apr 2025NT$177.5bNT$71.7bNT$8.3b18.9x21.3x2.5x
Sun, 09 Mar 2025NT$205.8bNT$63.8bNT$7.3b26x28.3x3.2x
Tue, 04 Feb 2025NT$201.7bNT$63.5bNT$7.3b25.9x27.8x3.2x
Thu, 02 Jan 2025NT$205.2bNT$63.5bNT$7.3b26.1x28.3x3.2x
Sat, 30 Nov 2024NT$207.9bNT$63.5bNT$7.3b26.4x28.6x3.3x
Mon, 28 Oct 2024NT$240.0bNT$60.6bNT$7.2b29.5x33.4x4x
Wed, 25 Sep 2024NT$217.5bNT$58.3bNT$7.0b25.7x31x3.7x
Fri, 23 Aug 2024NT$202.2bNT$57.4bNT$6.9b24.1x29.5x3.5x
Sun, 21 Jul 2024NT$222.5bNT$55.2bNT$6.9b26.8x32.4x4x
Tue, 18 Jun 2024NT$184.3bNT$55.2bNT$6.9b22.9x26.8x3.3x
Thu, 16 May 2024NT$178.9bNT$53.9bNT$7.0b22x25.7x3.3x
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
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 26.2x 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 Market4.86%
Utilities-0.96%
Water Utilities-0.70%
Renewable Energy-0.78%
Gas Utilities-1.25%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry, which is trading close to 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$88.505.1%
+NT$610.0m		-44.0%PE24.9x
6946 Santi Renewable EnergyNT$14.355.9%
+NT$259.0m		-30.3%PS4.4x
8917 Hsin Tai GasNT$52.800.2%
+NT$16.3m		-12.1%PE23.6x
9926 Shin Hai GasNT$49.700.1%
+NT$9.0m		2.7%PE18.5x

Latest News

6806
NT$28.20
Shinfox Energy
7D
-26.9%
1Y
-55.9%
6869
NT$84.40
J&V Energy Technology
7D
-5.1%
1Y
-25.6%
7842
NT$152.50
Greenet
7D
-4.1%
1Y
n/a
6994
NT$68.20
Foxwell Power
7D
-6.3%
1Y
-22.5%
6873
NT$88.50
HD Renewable Energy
7D
5.1%
1Y
-44.0%
9918
NT$43.00
Shin Shin Natural Gas
7D
-7.3%
1Y
13.0%
8926
NT$43.50
Taiwan Cogeneration
7D
-0.3%
1Y
15.5%
9926
NT$49.70
Shin Hai Gas
7D
0.1%
1Y
2.7%
8931
NT$42.05
Ta-Yuan Cogeneration
7D
-3.3%
1Y
6.5%
8917
NT$52.80
Hsin Tai Gas
7D
0.2%
1Y
-12.1%
7897
NT$34.60
WHOLE Sun Green Power
7D
-2.5%
1Y
n/a
6946
NT$14.35
Santi Renewable Energy
7D
5.9%
1Y
-30.3%