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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedJul 27, 2024
DataAggregated Company Financials
Companies2167
  • 7D-3.2%
  • 3M9.6%
  • 1Y26.7%
  • YTD22.6%

Over the last 7 days, the market has dropped 3.2%, driven by a decline of 4.5% in the Information Technology sector. In the last year, the market is actually up 27%. As for the next few years, earnings are expected to grow by 19% per annum.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Taiwanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jul 2024NT$78.0tNT$41.6tNT$3.3t22.8x23.9x1.9x
Mon, 24 Jun 2024NT$81.7tNT$41.4tNT$3.2t23.1x25.6x2x
Wed, 22 May 2024NT$74.6tNT$41.5tNT$3.1t22.3x24x1.8x
Fri, 19 Apr 2024NT$71.6tNT$41.1tNT$2.9t23.1x24.4x1.7x
Sun, 17 Mar 2024NT$69.4tNT$40.1tNT$2.9t22.2x24x1.7x
Tue, 13 Feb 2024NT$64.0tNT$41.2tNT$2.8t21.2x23.2x1.6x
Thu, 11 Jan 2024NT$61.6tNT$41.2tNT$2.8t20.8x21.8x1.5x
Sat, 09 Dec 2023NT$61.3tNT$41.2tNT$2.8t21.2x21.8x1.5x
Mon, 06 Nov 2023NT$58.2tNT$41.8tNT$3.0t19.1x19.7x1.4x
Wed, 04 Oct 2023NT$58.3tNT$42.0tNT$3.1t19.4x19.1x1.4x
Fri, 01 Sep 2023NT$58.3tNT$41.8tNT$3.1t19.3x19.1x1.4x
Sun, 30 Jul 2023NT$60.6tNT$42.9tNT$3.3t19.1x18.3x1.4x
Tue, 27 Jun 2023NT$59.8tNT$42.9tNT$3.4t18.6x17.5x1.4x
Thu, 25 May 2023NT$56.8tNT$43.1tNT$3.7t17.3x15.5x1.3x
Sat, 22 Apr 2023NT$54.9tNT$43.3tNT$4.0t16.3x13.8x1.3x
Mon, 20 Mar 2023NT$53.8tNT$42.3tNT$4.0t15.1x13.4x1.3x
Wed, 15 Feb 2023NT$54.6tNT$44.3tNT$4.6t14.3x12x1.2x
Fri, 13 Jan 2023NT$51.4tNT$44.2tNT$4.5t13.4x11.5x1.2x
Sun, 11 Dec 2022NT$51.2tNT$44.2tNT$4.5t13.3x11.4x1.2x
Tue, 08 Nov 2022NT$46.2tNT$44.4tNT$4.6t13.3x10x1x
Thu, 06 Oct 2022NT$48.0tNT$43.9tNT$4.5t13.7x10.6x1.1x
Sat, 03 Sep 2022NT$51.5tNT$44.1tNT$4.6t14.6x11.3x1.2x
Mon, 01 Aug 2022NT$52.1tNT$43.8tNT$4.6t14.4x11.3x1.2x
Wed, 29 Jun 2022NT$53.3tNT$43.5tNT$4.5t14.6x11.9x1.2x
Fri, 27 May 2022NT$55.5tNT$43.6tNT$4.5t15x12.4x1.3x
Sun, 24 Apr 2022NT$58.7tNT$42.7tNT$4.4t16.3x13.4x1.4x
Tue, 22 Mar 2022NT$60.8tNT$42.9tNT$4.3t16.5x14.1x1.4x
Thu, 17 Feb 2022NT$63.0tNT$42.1tNT$4.1t17.2x15.4x1.5x
Sat, 15 Jan 2022NT$63.5tNT$41.9tNT$4.0t16.9x15.9x1.5x
Mon, 13 Dec 2021NT$61.8tNT$41.8tNT$4.0t17x15.5x1.5x
Wed, 10 Nov 2021NT$59.9tNT$41.3tNT$3.8t16.4x15.9x1.5x
Fri, 08 Oct 2021NT$57.2tNT$40.7tNT$3.6t16.2x16x1.4x
Sun, 05 Sep 2021NT$59.9tNT$40.7tNT$3.6t16.9x16.7x1.5x
Tue, 03 Aug 2021NT$60.1tNT$40.7tNT$3.6t17.7x16.8x1.5x
Price to Earnings Ratio

16.8x


Total Market Cap: NT$60.1tTotal Earnings: NT$3.6tTotal Revenue: NT$40.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16.6x202220232024
Current Market PE
  • Investors are optimistic on the Taiwanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 23.9x which is higher than its 3-year average PE of 16.6x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 3.0% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market-3.21%
Telecom2.08%
Real Estate0.98%
Consumer Staples0.03%
Energy-0.31%
Consumer Discretionary-0.82%
Materials-1.31%
Financials-1.41%
Industrials-1.71%
Healthcare-1.75%
Utilities-2.84%
Tech-4.48%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 151x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 50.3% which is higher than its past year's earnings decline of 0.5% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
3293 International Games SystemLtdNT$786.008.0%
+NT$16.5b		156.4%PE31.6xTelecom
2412 Chunghwa TelecomNT$122.501.2%
+NT$11.6b		5.2%PE25.9xTelecom
2207 Hotai MotorLtdNT$648.002.9%
+NT$10.0b		-13.1%PE15.2xConsumer Discretionary
9945 Ruentex DevelopmentLtdNT$51.306.8%
+NT$9.2b		29.7%PE10.3xReal Estate
2615 Wan Hai LinesNT$73.903.9%
+NT$7.9b		42.7%PE219.5xIndustrials
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9945

NT$51.30

Ruentex DevelopmentLtd

7D

6.8%

1Y

29.7%

6409

NT$1,855.00

Voltronic Power Technology

7D

4.8%

1Y

4.8%

3711

NT$155.50

ASE Technology Holding

7D

-9.1%

1Y

32.3%

2886

NT$42.70

Mega Financial Holding

7D

1.1%

1Y

7.5%

Mega Financial Holding (TWSE:2886) Is Increasing Its Dividend To NT$1.50

Jul 26
Mega Financial Holding (TWSE:2886) Is Increasing Its Dividend To NT$1.50

2382

NT$275.00

Quanta Computer

7D

-7.4%

1Y

4.0%

Quanta Computer (TWSE:2382) Is Very Good At Capital Allocation

Jul 25
Quanta Computer (TWSE:2382) Is Very Good At Capital Allocation

2308

NT$388.00

Delta Electronics

7D

-2.8%

1Y

5.9%

3017

NT$613.00

Asia Vital Components

7D

-10.8%

1Y

74.1%

Is Asia Vital Components Co., Ltd. (TWSE:3017) Worth NT$634 Based On Its Intrinsic Value?

Jul 22
Is Asia Vital Components Co., Ltd. (TWSE:3017) Worth NT$634 Based On Its Intrinsic Value?

2330

NT$924.00

Taiwan Semiconductor Manufacturing

7D

-4.7%

1Y

63.0%

6669

NT$1,975.00

Wiwynn

7D

-10.4%

1Y

4.2%

With A 26% Price Drop For Wiwynn Corporation (TWSE:6669) You'll Still Get What You Pay For

Jul 19
With A 26% Price Drop For Wiwynn Corporation (TWSE:6669) You'll Still Get What You Pay For

2412

NT$122.50

Chunghwa Telecom

7D

1.2%

1Y

5.2%

Investors Met With Slowing Returns on Capital At Chunghwa Telecom (TWSE:2412)

Jul 17
Investors Met With Slowing Returns on Capital At Chunghwa Telecom (TWSE:2412)

2615

NT$73.90

Wan Hai Lines

7D

3.9%

1Y

42.7%

Analysts Just Made A Sizeable Upgrade To Their Wan Hai Lines Ltd. (TWSE:2615) Forecasts

Jul 14
Analysts Just Made A Sizeable Upgrade To Their Wan Hai Lines Ltd. (TWSE:2615) Forecasts

2317

NT$192.00

Hon Hai Precision Industry

7D

-5.9%

1Y

75.3%

3293

NT$786.00

International Games SystemLtd

7D

8.0%

1Y

156.4%

2884

NT$27.00

E.SUN Financial Holding Company

7D

-9.0%

1Y

6.1%

E.SUN Financial Holding Company (TWSE:2884) Is Increasing Its Dividend To NT$1.20

Jul 12
E.SUN Financial Holding Company (TWSE:2884) Is Increasing Its Dividend To NT$1.20

2207

NT$648.00

Hotai MotorLtd

7D

2.9%

1Y

-13.1%

Hotai MotorLtd (TWSE:2207) Is Very Good At Capital Allocation

Jul 02
Hotai MotorLtd (TWSE:2207) Is Very Good At Capital Allocation

3045

NT$106.00

Taiwan Mobile

7D

2.4%

1Y

11.6%

Taiwan Mobile (TWSE:3045) Will Pay A Dividend Of NT$4.30

Jun 24
Taiwan Mobile (TWSE:3045) Will Pay A Dividend Of NT$4.30