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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies19
  • 7D-2.8%
  • 3M-17.7%
  • 1Y-24.6%
  • YTD-19.4%

Over the last 7 days, the Utilities industry has dropped 2.4%, driven by a pullback from Taiwan Cogeneration of 4.0%. However, the industry is down 24% over the past year. Earnings are forecast to grow by 73% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025NT$175.2bNT$84.0bNT$4.1b19.5x42.7x2.1x
Fri, 15 Aug 2025NT$191.0bNT$77.5bNT$8.5b20.2x22.4x2.5x
Sun, 13 Jul 2025NT$202.0bNT$77.8bNT$8.2b22.8x24.7x2.6x
Tue, 10 Jun 2025NT$209.6bNT$76.8bNT$8.2b23.1x25.7x2.7x
Thu, 08 May 2025NT$196.0bNT$72.1bNT$8.3b21.1x23.6x2.7x
Sat, 05 Apr 2025NT$191.4bNT$71.7bNT$8.3b19.7x22.9x2.7x
Mon, 03 Mar 2025NT$210.2bNT$63.5bNT$7.3b26.2x29x3.3x
Wed, 29 Jan 2025NT$201.6bNT$63.5bNT$7.3b25.8x27.8x3.2x
Fri, 27 Dec 2024NT$206.3bNT$63.5bNT$7.3b25.8x28.4x3.2x
Sun, 24 Nov 2024NT$209.0bNT$63.5bNT$7.3b26.5x28.8x3.3x
Tue, 22 Oct 2024NT$221.9bNT$59.2bNT$7.1b27.7x31.2x3.7x
Thu, 19 Sep 2024NT$212.4bNT$58.3bNT$7.0b25.9x30.3x3.6x
Sat, 17 Aug 2024NT$196.7bNT$57.5bNT$6.8b25.6x29x3.4x
Mon, 15 Jul 2024NT$215.3bNT$55.2bNT$6.9b26.7x31.4x3.9x
Wed, 12 Jun 2024NT$178.4bNT$55.2bNT$6.9b22.1x26x3.2x
Fri, 10 May 2024NT$181.1bNT$53.0bNT$7.3b22x24.7x3.4x
Sun, 07 Apr 2024NT$184.7bNT$52.7bNT$7.3b22.2x25.4x3.5x
Tue, 05 Mar 2024NT$185.2bNT$51.4bNT$7.4b21.2x25.1x3.6x
Thu, 01 Feb 2024NT$157.7bNT$51.4bNT$7.4b20.5x21.4x3.1x
Sat, 30 Dec 2023NT$155.0bNT$51.4bNT$7.4b19.7x21x3x
Mon, 27 Nov 2023NT$154.8bNT$51.4bNT$7.4b19.5x21x3x
Wed, 25 Oct 2023NT$148.8bNT$48.2bNT$7.2b18.2x20.6x3.1x
Fri, 22 Sep 2023NT$151.1bNT$48.2bNT$7.2b18.6x21x3.1x
Sun, 20 Aug 2023NT$151.7bNT$48.2bNT$7.2b18.9x21x3.1x
Tue, 18 Jul 2023NT$166.0bNT$45.3bNT$5.9b25.2x28x3.7x
Thu, 15 Jun 2023NT$167.3bNT$44.9bNT$5.9b21.7x28.3x3.7x
Sat, 13 May 2023NT$158.4bNT$43.5bNT$5.2b24.6x30.2x3.6x
Mon, 10 Apr 2023NT$151.8bNT$43.1bNT$5.4b25.1x28.3x3.5x
Wed, 08 Mar 2023NT$148.6bNT$40.1bNT$4.7b30.5x31.6x3.7x
Fri, 03 Feb 2023NT$140.8bNT$41.0bNT$4.7b25.9x29.7x3.4x
Sun, 01 Jan 2023NT$133.9bNT$41.0bNT$4.7b21.3x28.3x3.3x
Tue, 29 Nov 2022NT$127.8bNT$39.0bNT$4.4b21.2x29.3x3.3x
Thu, 27 Oct 2022NT$122.3bNT$39.4bNT$4.1b31x30.1x3.1x
Sat, 24 Sep 2022NT$134.0bNT$39.4bNT$4.1b31.8x33x3.4x
Price to Earnings Ratio

33x


Total Market Cap: NT$134.0bTotal Earnings: NT$4.1bTotal Revenue: NT$39.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 27.3x202320242025
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 42.9x which is higher than its 3-year average PE of 27.3x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.1x.
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 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 and as a result, profits have held steady.

Industry Trends

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

TW Market2.81%
Utilities-2.83%
Gas Utilities-0.61%
Water Utilities-2.27%
Renewable Energy-3.94%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 72.9%, 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 73% 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 73% 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
6994 Foxwell PowerNT$96.003.6%
+NT$232.7m		-24.4%PE70.9x
6806 Shinfox EnergyNT$57.400.5%
+NT$82.4m		-55.8%PS0.6x
8917 Hsin Tai GasNT$61.400.8%
+NT$81.3m		-0.5%PE28.7x
8931 Ta-Yuan CogenerationNT$53.800.6%
+NT$36.7m		10.8%PE19.4x
7842 GreenetNT$167.001.2%
+NT$30.0m		n/aPE57.7x

Latest News

6873
NT$124.50
HD Renewable Energy
7D
-9.8%
1Y
-44.8%
6987
NT$29.90
Ina Energy
7D
-3.5%
1Y
-40.1%
8908
NT$41.05
ShinHsiung Natural Gas
7D
-0.8%
1Y
-15.9%
6869
NT$119.50
J&V Energy Technology
7D
-8.1%
1Y
-46.7%
6639
NT$9.15
Grand Green Energy
7D
3.0%
1Y
-32.5%
7842
NT$167.00
Greenet
7D
1.2%
1Y
n/a
6806
NT$57.40
Shinfox Energy
7D
0.5%
1Y
-55.8%
9918
NT$39.50
Shin Shin Natural Gas
7D
-1.1%
1Y
-2.1%
8926
NT$45.65
Taiwan Cogeneration
7D
-4.6%
1Y
1.4%
6994
NT$96.00
Foxwell Power
7D
3.6%
1Y
-24.4%
8917
NT$61.40
Hsin Tai Gas
7D
0.8%
1Y
-0.5%
9908
NT$29.95
Great Taipei Gas
7D
-0.5%
1Y
-1.6%
8931
NT$53.80
Ta-Yuan Cogeneration
7D
0.6%
1Y
10.8%
6946
NT$18.55
Santi Renewable Energy
7D
-6.5%
1Y
n/a