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Taiwanese (TAIEX) Renewable Energy Industry Analysis

UpdatedJul 24, 2024
DataAggregated Company Financials
Companies8
  • 7D4.1%
  • 3M29.5%
  • 1Y53.2%
  • YTD69.9%

The Renewable Energy industry is up 7.6% in the last week, with J&V Energy Technology up 14%. In the last 12 months, the industry was up 62%. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jul 2024NT$154.6bNT$35.0bNT$3.5b37.9x44.2x4.4x
Fri, 21 Jun 2024NT$117.4bNT$35.0bNT$3.5b31.7x33.6x3.4x
Sun, 19 May 2024NT$109.2bNT$34.8bNT$3.6b30.5x30.7x3.1x
Tue, 16 Apr 2024NT$118.3bNT$32.9bNT$3.9b25.5x30x3.6x
Thu, 14 Mar 2024NT$112.7bNT$35.2bNT$4.4b20.9x25.4x3.2x
Sat, 10 Feb 2024NT$90.3bNT$31.6bNT$4.2b19x21.7x2.9x
Mon, 08 Jan 2024NT$85.0bNT$31.6bNT$4.2b17.4x20.4x2.7x
Wed, 06 Dec 2023NT$84.6bNT$31.6bNT$4.2b16.9x20.3x2.7x
Fri, 03 Nov 2023NT$81.1bNT$28.4bNT$4.0b15.9x20.3x2.9x
Sun, 01 Oct 2023NT$83.9bNT$28.4bNT$4.0b16.4x21x3x
Tue, 29 Aug 2023NT$80.1bNT$28.4bNT$4.0b16x20.1x2.8x
Thu, 27 Jul 2023NT$92.3bNT$25.3bNT$3.1b25.4x30.1x3.6x
Sat, 24 Jun 2023NT$98.1bNT$24.9bNT$3.1b22.5x32.1x3.9x
Mon, 22 May 2023NT$88.5bNT$24.3bNT$2.6b25.4x34.4x3.6x
Wed, 19 Apr 2023NT$90.7bNT$23.6bNT$2.6b25.5x35.3x3.8x
Fri, 17 Mar 2023NT$74.9bNT$20.9bNT$2.2b31.8x33.9x3.6x
Sun, 12 Feb 2023NT$71.6bNT$21.4bNT$1.9b31.1x38.5x3.3x
Tue, 10 Jan 2023NT$62.9bNT$21.4bNT$1.9b24x33.9x2.9x
Thu, 08 Dec 2022NT$57.0bNT$21.4bNT$1.9b21.5x30.7x2.7x
Sat, 05 Nov 2022NT$51.0bNT$20.0bNT$1.3b36.4x40.7x2.5x
Mon, 03 Oct 2022NT$56.5bNT$20.0bNT$1.3b43x45x2.8x
Wed, 31 Aug 2022NT$61.1bNT$20.0bNT$1.3b46.7x48.7x3x
Fri, 29 Jul 2022NT$59.5bNT$17.1bNT$1.6b38x36.9x3.5x
Sun, 26 Jun 2022NT$63.7bNT$17.1bNT$1.6b40.1x39.5x3.7x
Tue, 24 May 2022NT$56.4bNT$17.1bNT$1.6b35.4x35x3.3x
Thu, 21 Apr 2022NT$62.0bNT$15.9bNT$1.9b36.1x32.6x3.9x
Sat, 19 Mar 2022NT$59.9bNT$16.0bNT$2.0b25.4x29.6x3.7x
Mon, 14 Feb 2022NT$58.5bNT$14.4bNT$2.1b26x27.7x4x
Wed, 12 Jan 2022NT$42.4bNT$11.4bNT$1.6b25.9x27x3.7x
Fri, 10 Dec 2021NT$40.9bNT$11.4bNT$1.6b26x26x3.6x
Sun, 07 Nov 2021NT$43.7bNT$11.3bNT$1.6b24x26.6x3.9x
Tue, 05 Oct 2021NT$45.7bNT$11.2bNT$1.7b24x27.7x4.1x
Thu, 02 Sep 2021NT$44.3bNT$11.2bNT$1.7b23.7x26.8x3.9x
Sat, 31 Jul 2021NT$45.3bNT$11.2bNT$1.7b24x27.4x4x
Price to Earnings Ratio

27.4x


Total Market Cap: NT$45.3bTotal Earnings: NT$1.7bTotal Revenue: NT$11.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Renewable Energy Industry Price to Earnings3Y Average 30.8x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 46.0x which is higher than its 3-year average PE of 30.8x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 46% 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 Market-4.61%
Utilities2.72%
Renewable Energy4.13%
Renewable Energy5.64%
Independent Power Producers and Energy Traders0.06%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 37.0x.
    • Analysts are expecting annual earnings growth of 38.8%, which is lower than the prior year's growth of 138.5% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 26.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 139% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 25% 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
6869 J&V Energy TechnologyNT$297.009.4%
+NT$3.0b		226.7%PE37.6x
6873 HD Renewable EnergyNT$289.006.4%
+NT$1.8b		146.0%PE37.1x
8926 Taiwan CogenerationNT$46.251.3%
+NT$438.2m		-10.5%PE38.3x
7590 YIHO InternationalNT$32.9511.1%
+NT$324.9m		19.8%PE54.2x
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Latest News

6869

NT$297.00

J&V Energy Technology

7D

9.4%

1Y

226.7%

Subdued Growth No Barrier To J&V Energy Technology Co., Ltd. (TWSE:6869) With Shares Advancing 77%

Jul 23
Subdued Growth No Barrier To J&V Energy Technology Co., Ltd. (TWSE:6869) With Shares Advancing 77%

6873

NT$289.00

HD Renewable Energy

7D

6.4%

1Y

146.0%

8931

NT$52.90

Ta-Yuan Cogeneration

7D

-0.9%

1Y

-6.5%

7590

NT$32.95

YIHO International

7D

11.1%

1Y

19.8%

6806

NT$170.00

Shinfox Energy

7D

-1.7%

1Y

68.3%

8926

NT$46.25

Taiwan Cogeneration

7D

1.3%

1Y

-10.5%

Capital Allocation Trends At Taiwan Cogeneration (TWSE:8926) Aren't Ideal

Jul 02
Capital Allocation Trends At Taiwan Cogeneration (TWSE:8926) Aren't Ideal

6639

NT$14.30

Grand Green Energy

7D

-1.7%

1Y

-10.9%