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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies2167
  • 7D-2.0%
  • 3M12.2%
  • 1Y33.4%
  • YTD26.7%

Over the last 7 days, the market has dropped 2.0%, driven by a pullback of 2.5% in the Information Technology sector. As for the longer term, the market has actually risen by 33% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Jun 2024NT$80.6tNT$41.4tNT$3.2t23.1x25.3x1.9x
Mon, 27 May 2024NT$75.7tNT$41.6tNT$3.1t22.3x24.2x1.8x
Wed, 24 Apr 2024NT$69.1tNT$41.1tNT$2.9t22.8x23.5x1.7x
Fri, 22 Mar 2024NT$71.3tNT$41.0tNT$2.9t22.7x24.5x1.7x
Sun, 18 Feb 2024NT$65.8tNT$41.2tNT$2.8t21.7x23.8x1.6x
Tue, 16 Jan 2024NT$61.9tNT$41.2tNT$2.8t21x22x1.5x
Thu, 14 Dec 2023NT$61.7tNT$41.2tNT$2.8t21.2x21.9x1.5x
Sat, 11 Nov 2023NT$58.8tNT$41.7tNT$2.9t19.4x20x1.4x
Mon, 09 Oct 2023NT$58.2tNT$42.0tNT$3.1t19.4x19x1.4x
Wed, 06 Sep 2023NT$58.9tNT$41.5tNT$3.1t19.6x19.3x1.4x
Fri, 04 Aug 2023NT$59.2tNT$42.9tNT$3.3t18.8x18x1.4x
Sun, 02 Jul 2023NT$59.5tNT$43.0tNT$3.4t18.7x17.4x1.4x
Tue, 30 May 2023NT$58.4tNT$43.1tNT$3.5t17.7x16.5x1.4x
Thu, 27 Apr 2023NT$54.1tNT$43.3tNT$4.0t16.3x13.6x1.2x
Sat, 25 Mar 2023NT$55.8tNT$43.4tNT$4.0t15.8x13.9x1.3x
Mon, 20 Feb 2023NT$54.2tNT$44.3tNT$4.6t14.4x11.9x1.2x
Wed, 18 Jan 2023NT$52.1tNT$44.2tNT$4.5t13.4x11.6x1.2x
Fri, 16 Dec 2022NT$51.4tNT$44.2tNT$4.5t13.6x11.4x1.2x
Sun, 13 Nov 2022NT$48.8tNT$44.3tNT$4.6t13.3x10.7x1.1x
Tue, 11 Oct 2022NT$47.7tNT$43.9tNT$4.5t13.8x10.5x1.1x
Thu, 08 Sep 2022NT$52.0tNT$43.9tNT$4.5t14.4x11.5x1.2x
Sat, 06 Aug 2022NT$52.0tNT$43.9tNT$4.6t14.3x11.3x1.2x
Mon, 04 Jul 2022NT$49.5tNT$43.5tNT$4.5t14x11.1x1.1x
Wed, 01 Jun 2022NT$58.0tNT$43.5tNT$4.5t15.3x13x1.3x
Fri, 29 Apr 2022NT$56.6tNT$42.7tNT$4.4t15.8x12.9x1.3x
Sun, 27 Mar 2022NT$61.3tNT$42.6tNT$4.3t16.6x14.1x1.4x
Tue, 22 Feb 2022NT$63.0tNT$42.1tNT$4.1t17.3x15.4x1.5x
Thu, 20 Jan 2022NT$62.9tNT$41.9tNT$4.0t17x15.8x1.5x
Sat, 18 Dec 2021NT$61.7tNT$41.8tNT$4.0t17x15.5x1.5x
Mon, 15 Nov 2021NT$60.3tNT$41.5tNT$3.8t16.6x15.8x1.5x
Wed, 13 Oct 2021NT$56.4tNT$40.7tNT$3.6t16x15.7x1.4x
Fri, 10 Sep 2021NT$59.8tNT$40.7tNT$3.6t16.5x16.7x1.5x
Sun, 08 Aug 2021NT$60.1tNT$40.7tNT$3.6t17.6x16.8x1.5x
Price to Earnings Ratio

16.9x


Total Market Cap: NT$60.5tTotal Earnings: NT$3.6tTotal Revenue: NT$40.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16.4x202220232024
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 25.3x which is higher than its 3-year average PE of 16.4x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 3.7% 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-1.95%
Utilities8.44%
Healthcare2.40%
Telecom0.32%
Consumer Staples-0.20%
Consumer Discretionary-0.82%
Industrials-0.90%
Financials-1.26%
Materials-2.11%
Tech-2.51%
Real Estate-2.84%
Energy-3.15%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 141x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 47.5% 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 13.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 47% 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 5.6% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
2317 Hon Hai Precision IndustryNT$214.000.9%
+NT$27.7b		89.4%PE19.6xTech
3653 Jentech Precision IndustrialNT$1.20k19.4%
+NT$27.4b		86.0%PE67.1xTech
6446 PharmaEssentiaNT$544.0012.7%
+NT$20.4b		60.2%PE408.5xHealthcare
3008 LARGAN PrecisionLtdNT$2.75k5.8%
+NT$20.0b		28.9%PE17.7xTech
3293 International Games SystemLtdNT$1.36k10.2%
+NT$17.6b		119.3%PE27.2xTelecom
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Market Insights

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Heading Into Q3 With A Goldilocks Economy

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Richard Bowman
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5 comments

And just like that, we are into the third quarter and the second half of 2024. Equity markets have done better...

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3711

NT$168.50

ASE Technology Holding

7D

-3.4%

1Y

52.5%

2454

NT$1,400.00

MediaTek

7D

-6.0%

1Y

103.5%

3653

NT$1,200.00

Jentech Precision Industrial

7D

19.4%

1Y

86.0%

2382

NT$312.00

Quanta Computer

7D

-2.3%

1Y

105.3%

Market Participants Recognise Quanta Computer Inc.'s (TWSE:2382) Earnings

Jun 26
Market Participants Recognise Quanta Computer Inc.'s (TWSE:2382) Earnings

6446

NT$544.00

PharmaEssentia

7D

12.7%

1Y

60.2%

3293

NT$1,355.00

International Games SystemLtd

7D

10.2%

1Y

119.3%

6669

NT$2,555.00

Wiwynn

7D

-8.8%

1Y

79.9%

Wiwynn (TWSE:6669) Might Become A Compounding Machine

Jun 25
Wiwynn (TWSE:6669) Might Become A Compounding Machine

3008

NT$2,745.00

LARGAN PrecisionLtd

7D

5.8%

1Y

28.9%

Improved Earnings Required Before LARGAN Precision Co.,Ltd (TWSE:3008) Stock's 25% Jump Looks Justified

Jun 25
Improved Earnings Required Before LARGAN Precision Co.,Ltd (TWSE:3008) Stock's 25% Jump Looks Justified

2885

NT$32.05

Yuanta Financial Holding

7D

-6.1%

1Y

40.8%

Yuanta Financial Holding's (TWSE:2885) Dividend Will Be Increased To NT$1.10

Jun 25
Yuanta Financial Holding's (TWSE:2885) Dividend Will Be Increased To NT$1.10

2317

NT$214.00

Hon Hai Precision Industry

7D

0.9%

1Y

89.4%

Hon Hai Precision Industry (TWSE:2317) Will Pay A Larger Dividend Than Last Year At NT$5.40

Jun 21
Hon Hai Precision Industry (TWSE:2317) Will Pay A Larger Dividend Than Last Year At NT$5.40

4938

NT$104.50

Pegatron

7D

-12.2%

1Y

39.7%

2303

NT$55.70

United Microelectronics

7D

-3.5%

1Y

14.8%

United Microelectronics (TWSE:2303) Is Reducing Its Dividend To NT$3

Jun 14
United Microelectronics (TWSE:2303) Is Reducing Its Dividend To NT$3

8069

NT$252.00

E Ink Holdings

7D

5.2%

1Y

12.0%

2330

NT$966.00

Taiwan Semiconductor Manufacturing

7D

-0.4%

1Y

67.7%

2308

NT$387.50

Delta Electronics

7D

1.2%

1Y

12.5%

2881

NT$79.30

Fubon Financial Holding

7D

1.3%

1Y

36.9%