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Taiwanese (TAIEX) Renewable Energy Industry Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies7
  • 7D1.3%
  • 3M14.3%
  • 1Y19.3%
  • YTD12.6%

Over the last 7 days, the Renewable Energy industry has risen 1.3%, driven by gains from Shinfox Energy of 6.4%. During this same period, the HD Renewable Energy underperformed, falling 7.4%. In the last 12 months, the industry was up 19%. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

Has the Taiwanese Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024NT$96.9bNT$31.6bNT$4.2b19.5x23.3x3.1x
Mon, 22 Jan 2024NT$87.5bNT$31.6bNT$4.2b17.8x21x2.8x
Wed, 20 Dec 2023NT$83.9bNT$31.6bNT$4.2b16.9x20.1x2.7x
Fri, 17 Nov 2023NT$82.9bNT$30.3bNT$4.0b16x20.7x2.7x
Sun, 15 Oct 2023NT$80.3bNT$28.4bNT$4.0b15.9x20.1x2.8x
Tue, 12 Sep 2023NT$81.0bNT$28.4bNT$4.0b16.4x20.3x2.9x
Thu, 10 Aug 2023NT$88.9bNT$26.0bNT$3.1b24.4x28.8x3.4x
Sat, 08 Jul 2023NT$94.2bNT$24.9bNT$3.1b22.4x30.8x3.8x
Mon, 05 Jun 2023NT$89.6bNT$24.6bNT$3.0b22.7x30.2x3.6x
Wed, 03 May 2023NT$87.2bNT$23.6bNT$2.5b24.9x34.5x3.7x
Fri, 31 Mar 2023NT$79.4bNT$23.2bNT$2.6b25.9x30.2x3.4x
Sun, 26 Feb 2023NT$74.7bNT$20.4bNT$1.8b30.2x41.1x3.7x
Tue, 24 Jan 2023NT$63.0bNT$21.4bNT$1.9b23.5x33.9x2.9x
Thu, 22 Dec 2022NT$60.6bNT$21.4bNT$1.9b21.8x32.6x2.8x
Sat, 19 Nov 2022NT$53.7bNT$19.4bNT$1.4b35.7x38.4x2.8x
Mon, 17 Oct 2022NT$51.7bNT$20.0bNT$1.3b36.8x41.2x2.6x
Wed, 14 Sep 2022NT$60.7bNT$20.0bNT$1.3b46.8x48.4x3x
Fri, 12 Aug 2022NT$60.0bNT$17.1bNT$1.6b38.8x37.2x3.5x
Sun, 10 Jul 2022NT$61.4bNT$17.1bNT$1.6b36.6x38x3.6x
Tue, 07 Jun 2022NT$63.0bNT$17.1bNT$1.6b39.5x39x3.7x
Thu, 05 May 2022NT$59.5bNT$16.1bNT$1.9b33.3x31.3x3.7x
Sat, 02 Apr 2022NT$61.1bNT$16.0bNT$2.0b25.2x30.1x3.8x
Mon, 28 Feb 2022NT$55.8bNT$14.4bNT$2.1b25.6x26.4x3.9x
Wed, 26 Jan 2022NT$51.5bNT$11.4bNT$1.6b25.7x32.8x4.5x
Fri, 24 Dec 2021NT$42.5bNT$11.4bNT$1.6b26x27x3.7x
Sun, 21 Nov 2021NT$40.3bNT$11.4bNT$1.6b25x25.6x3.5x
Tue, 19 Oct 2021NT$44.2bNT$11.2bNT$1.7b24.5x26.8x3.9x
Thu, 16 Sep 2021NT$43.5bNT$11.2bNT$1.7b23.6x26.3x3.9x
Sat, 14 Aug 2021NT$43.6bNT$11.2bNT$1.7b24x26.4x3.9x
Wed, 09 Jun 2021NT$39.2bNT$11.8bNT$1.6b23.3x24.3x3.3x
Tue, 02 Mar 2021NT$35.7bNT$11.9bNT$1.5b21.4x24.5x3x
Price to Earnings Ratio

24.5x


Total Market Cap: NT$35.7bTotal Earnings: NT$1.5bTotal Revenue: NT$11.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Renewable Energy Industry Price to Earnings3Y Average 29.8x202220232024
Current Industry PE
  • Investors are pessimistic on the Taiwanese Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.3x which is lower than its 3-year average PE of 29.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 42% per year over the last three years.
  • Revenues for these companies have grown 38% 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 industry?

TW Market1.45%
Utilities1.40%
Renewable Energy1.25%
Independent Power Producers and Energy Traders2.09%
Renewable Energy0.70%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 45.6%, which is lower than the prior year's growth of 70.4% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 25.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 70% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 6.6% 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
6806 Shinfox EnergyNT$124.006.4%
+NT$1.6b
42.5%PE74.2x
8931 Ta-Yuan CogenerationNT$57.5012.1%
+NT$758.0m
4.9%PE19x
8926 Taiwan CogenerationNT$43.400.1%
+NT$36.5m
25.2%PE19.1x
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Latest News

8931

NT$57.50

Ta-Yuan Cogeneration

7D

12.1%

1Y

4.9%

6806

NT$124.00

Shinfox Energy

7D

6.4%

1Y

42.5%

6639

NT$16.70

Grand Green Energy

7D

-0.6%

1Y

1.2%

8926

NT$43.40

Taiwan Cogeneration

7D

0.1%

1Y

25.2%

7590

NT$23.95

YIHO International

7D

-0.4%

1Y

-15.1%

6873

NT$150.00

HD Renewable Energy

7D

-7.4%

1Y

14.1%