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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedOct 16, 2024
DataAggregated Company Financials
Companies2183
  • 7D2.7%
  • 3M-2.3%
  • 1Y38.2%
  • YTD28.4%

Over the last 7 days, the market has risen 2.7%, driven by gains of 4.7% in the Information Technology sector. In contrast, the Materials sector is lagging, dropping 3.3%. In the last year, the market has climbed 38%. Earnings are forecast to grow by 19% annually.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Oct 2024NT$82.2tNT$42.9tNT$3.5t21.3x23.6x1.9x
Fri, 13 Sep 2024NT$76.5tNT$42.9tNT$3.5t20.8x22x1.8x
Sun, 11 Aug 2024NT$75.6tNT$42.0tNT$3.3t21.7x22.8x1.8x
Tue, 09 Jul 2024NT$84.0tNT$41.4tNT$3.2t23.6x26.3x2x
Thu, 06 Jun 2024NT$75.6tNT$41.4tNT$3.2t22.8x23.7x1.8x
Sat, 04 May 2024NT$71.7tNT$41.2tNT$2.9t23.3x24.4x1.7x
Mon, 01 Apr 2024NT$71.5tNT$41.0tNT$2.9t22.8x24.6x1.7x
Wed, 28 Feb 2024NT$66.7tNT$41.2tNT$2.8t21.8x24.1x1.6x
Fri, 26 Jan 2024NT$63.4tNT$41.2tNT$2.8t21.1x23x1.5x
Sun, 24 Dec 2023NT$62.1tNT$41.2tNT$2.8t21.1x22x1.5x
Tue, 21 Nov 2023NT$60.7tNT$41.0tNT$2.8t20.5x21.7x1.5x
Thu, 19 Oct 2023NT$57.8tNT$42.0tNT$3.1t18.8x18.9x1.4x
Sat, 16 Sep 2023NT$59.1tNT$41.8tNT$3.1t19.6x19.4x1.4x
Mon, 14 Aug 2023NT$58.2tNT$42.1tNT$3.1t19.2x18.8x1.4x
Wed, 12 Jul 2023NT$59.3tNT$43.0tNT$3.4t18.9x17.4x1.4x
Fri, 09 Jun 2023NT$58.8tNT$42.9tNT$3.4t18.4x17.1x1.4x
Sun, 07 May 2023NT$55.1tNT$43.2tNT$3.9t16.9x14x1.3x
Tue, 04 Apr 2023NT$55.6tNT$43.2tNT$4.0t16.1x13.9x1.3x
Thu, 02 Mar 2023NT$54.8tNT$44.3tNT$4.5t14.9x12.3x1.2x
Sat, 28 Jan 2023NT$52.0tNT$44.4tNT$4.6t13.4x11.3x1.2x
Mon, 26 Dec 2022NT$49.8tNT$44.2tNT$4.5t13.2x11.1x1.1x
Wed, 23 Nov 2022NT$50.5tNT$44.8tNT$4.6t13x11.1x1.1x
Fri, 21 Oct 2022NT$45.1tNT$44.1tNT$4.6t13x9.7x1x
Sun, 18 Sep 2022NT$50.9tNT$44.0tNT$4.5t14.5x11.2x1.2x
Tue, 16 Aug 2022NT$53.5tNT$44.5tNT$4.6t14.4x11.6x1.2x
Thu, 14 Jul 2022NT$49.5tNT$43.5tNT$4.5t13.9x11.1x1.1x
Sat, 11 Jun 2022NT$56.9tNT$43.5tNT$4.5t15.5x12.7x1.3x
Mon, 09 May 2022NT$56.6tNT$43.1tNT$4.5t15.7x12.7x1.3x
Wed, 06 Apr 2022NT$60.9tNT$42.2tNT$4.3t16.6x14.2x1.4x
Fri, 04 Mar 2022NT$62.1tNT$42.2tNT$4.1t17x15.1x1.5x
Sun, 30 Jan 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.2x1.5x
Tue, 28 Dec 2021NT$62.5tNT$41.8tNT$4.0t17.3x15.7x1.5x
Thu, 25 Nov 2021NT$61.0tNT$41.8tNT$4.0t16.7x15.3x1.5x
Sat, 23 Oct 2021NT$57.9tNT$40.8tNT$3.6t16.4x16.1x1.4x
Price to Earnings Ratio

16.1x


Total Market Cap: NT$57.9tTotal Earnings: NT$3.6tTotal Revenue: NT$40.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 17.1x202220232024
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 23.6x which is higher than its 3-year average PE of 17.1x.
Past Earnings Growth
  • Both revenue and earnings for Taiwanese listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market2.72%
Tech4.70%
Telecom1.64%
Financials0.86%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.36%
Industrials-0.82%
Utilities-1.41%
Real Estate-1.46%
Consumer Discretionary-1.68%
Healthcare-2.05%
Materials-3.33%
Energy-8.65%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 166x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 58.2%, which is higher than its past year's earnings growth of 4.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 101% over the next 5 years.
  • This is better than its past earnings growth rate of 65% per year.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
2330 Taiwan Semiconductor ManufacturingNT$1.05k2.5%
+NT$648.3b		93.5%PE29.4xTech
2317 Hon Hai Precision IndustryNT$205.003.0%
+NT$83.2b		94.3%PE18.5xTech
2382 Quanta ComputerNT$295.007.9%
+NT$82.9b		40.8%PE22.6xTech
2454 MediaTekNT$1.28k2.4%
+NT$47.8b		56.8%PE20xTech
3711 ASE Technology HoldingNT$165.007.1%
+NT$47.7b		42.2%PE22.6xTech
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Market Insights

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💵 Making Sense of the Financial Sector - Part 2

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Richard Bowman
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Last week’s newsletter was part 1 of an introduction to the financial sector, and specifically banks and companies in the capital markets space. This week we are having a look at...

Continue reading

🏦 Making Sense of the Financial Sector - Part 1
Last Week

🏦 Making Sense of the Financial Sector - Part 1

Latest News

2454

NT$1,280.00

MediaTek

7D

2.8%

1Y

57.4%

1590

NT$910.00

Airtac International Group

7D

-6.3%

1Y

-17.6%

Should You Investigate Airtac International Group (TWSE:1590) At NT$940?

Oct 15
Should You Investigate Airtac International Group (TWSE:1590) At NT$940?

2887

NT$17.35

Taishin Financial Holding

7D

-4.1%

1Y

0.8%

3017

NT$679.00

Asia Vital Components

7D

12.2%

1Y

131.0%

Is Now The Time To Put Asia Vital Components (TWSE:3017) On Your Watchlist?

Oct 14
Is Now The Time To Put Asia Vital Components (TWSE:3017) On Your Watchlist?

2308

NT$398.50

Delta Electronics

7D

4.5%

1Y

25.5%

Calculating The Fair Value Of Delta Electronics, Inc. (TWSE:2308)

Oct 14
Calculating The Fair Value Of Delta Electronics, Inc. (TWSE:2308)

3711

NT$165.50

ASE Technology Holding

7D

7.5%

1Y

42.7%

ASE Technology Holding (TWSE:3711) Has A Pretty Healthy Balance Sheet

Oct 13
ASE Technology Holding (TWSE:3711) Has A Pretty Healthy Balance Sheet

4503

NT$49.90

Gold Rain Enterprises

7D

-0.2%

1Y

-14.3%

2330

NT$1,045.00

Taiwan Semiconductor Manufacturing

7D

2.5%

1Y

93.5%

6415

NT$518.00

Silergy

7D

-5.8%

1Y

66.3%

Silergy Corp.'s (TWSE:6415) 33% Jump Shows Its Popularity With Investors

Oct 07
Silergy Corp.'s (TWSE:6415) 33% Jump Shows Its Popularity With Investors

6409

NT$2,095.00

Voltronic Power Technology

7D

-4.8%

1Y

33.9%

What Does Voltronic Power Technology Corp.'s (TWSE:6409) Share Price Indicate?

Oct 04
What Does Voltronic Power Technology Corp.'s (TWSE:6409) Share Price Indicate?

2317

NT$206.50

Hon Hai Precision Industry

7D

3.8%

1Y

95.7%

If EPS Growth Is Important To You, Hon Hai Precision Industry (TWSE:2317) Presents An Opportunity

Oct 01
If EPS Growth Is Important To You, Hon Hai Precision Industry (TWSE:2317) Presents An Opportunity

2382

NT$295.50

Quanta Computer

7D

8.0%

1Y

41.1%

6505

NT$48.90

Formosa Petrochemical

7D

-6.5%

1Y

-40.4%

Formosa Petrochemical (TWSE:6505) Seems To Use Debt Rather Sparingly

Sep 30
Formosa Petrochemical (TWSE:6505) Seems To Use Debt Rather Sparingly

2888

NT$11.40

Shin Kong Financial Holding

7D

-4.6%

1Y

26.8%

1303

NT$42.15

Nan Ya Plastics

7D

-3.3%

1Y

-37.2%

Here's Why Nan Ya Plastics (TWSE:1303) Has A Meaningful Debt Burden

Sep 16
Here's Why Nan Ya Plastics (TWSE:1303) Has A Meaningful Debt Burden

1326

NT$38.85

Formosa Chemicals & Fibre

7D

-5.8%

1Y

-40.0%

Revenues Working Against Formosa Chemicals & Fibre Corporation's (TWSE:1326) Share Price

Sep 13
Revenues Working Against Formosa Chemicals & Fibre Corporation's (TWSE:1326) Share Price