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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedJul 16, 2024
DataAggregated Company Financials
Companies2166
  • 7D-0.004%
  • 3M19.2%
  • 1Y36.1%
  • YTD32.0%

The Utilities sector gained 5.9% while the market remained flat over the last week. As for the longer term, the market has risen 36% in the past 12 months. 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
Tue, 16 Jul 2024NT$84.0tNT$41.4tNT$3.2t23.7x26.3x2x
Thu, 13 Jun 2024NT$76.7tNT$41.4tNT$3.2t22.7x24.1x1.9x
Sat, 11 May 2024NT$72.7tNT$41.3tNT$3.0t23.3x24.6x1.8x
Mon, 08 Apr 2024NT$71.8tNT$41.0tNT$2.9t23.2x24.6x1.8x
Wed, 06 Mar 2024NT$68.6tNT$41.1tNT$2.8t22.5x24.6x1.7x
Fri, 02 Feb 2024NT$63.5tNT$41.2tNT$2.8t21.2x23.1x1.5x
Sun, 31 Dec 2023NT$63.1tNT$41.2tNT$2.8t21.2x22.4x1.5x
Tue, 28 Nov 2023NT$60.3tNT$41.1tNT$2.8t20.7x21.5x1.5x
Thu, 26 Oct 2023NT$57.7tNT$41.9tNT$3.0t19.1x19.4x1.4x
Sat, 23 Sep 2023NT$57.5tNT$42.0tNT$3.1t19.4x18.8x1.4x
Mon, 21 Aug 2023NT$57.4tNT$41.7tNT$3.0t19.2x19.1x1.4x
Wed, 19 Jul 2023NT$60.4tNT$43.1tNT$3.4t19.1x17.7x1.4x
Fri, 16 Jun 2023NT$60.8tNT$42.9tNT$3.4t18.7x17.7x1.4x
Sun, 14 May 2023NT$54.6tNT$43.1tNT$3.9t16.7x14.1x1.3x
Tue, 11 Apr 2023NT$55.7tNT$43.3tNT$4.0t16.3x13.9x1.3x
Thu, 09 Mar 2023NT$55.4tNT$44.1tNT$4.4t15.4x12.5x1.3x
Sat, 04 Feb 2023NT$54.5tNT$44.4tNT$4.6t14x11.8x1.2x
Mon, 02 Jan 2023NT$49.4tNT$44.2tNT$4.5t13.2x11x1.1x
Wed, 30 Nov 2022NT$51.1tNT$44.6tNT$4.5t13.3x11.3x1.1x
Fri, 28 Oct 2022NT$45.0tNT$44.1tNT$4.7t12.9x9.7x1x
Sun, 25 Sep 2022NT$49.3tNT$43.9tNT$4.5t14.2x10.9x1.1x
Tue, 23 Aug 2022NT$53.2tNT$44.4tNT$4.6t14.5x11.6x1.2x
Thu, 21 Jul 2022NT$51.0tNT$43.7tNT$4.6t14.2x11.1x1.2x
Sat, 18 Jun 2022NT$54.1tNT$43.5tNT$4.5t14.8x12.1x1.2x
Mon, 16 May 2022NT$54.7tNT$43.4tNT$4.5t15x12.2x1.3x
Wed, 13 Apr 2022NT$58.7tNT$42.2tNT$4.3t16.3x13.6x1.4x
Fri, 11 Mar 2022NT$60.3tNT$42.5tNT$4.1t16.6x14.7x1.4x
Sun, 06 Feb 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.1x1.5x
Tue, 04 Jan 2022NT$63.4tNT$41.8tNT$4.0t17.5x15.9x1.5x
Thu, 02 Dec 2021NT$60.8tNT$41.6tNT$4.0t16.7x15.2x1.5x
Sat, 30 Oct 2021NT$58.4tNT$40.9tNT$3.6t16.4x16x1.4x
Mon, 27 Sep 2021NT$59.2tNT$40.7tNT$3.6t16.6x16.5x1.5x
Wed, 25 Aug 2021NT$58.3tNT$40.7tNT$3.6t16.7x16.3x1.4x
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 16.5x202220232024
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 26.3x which is higher than its 3-year average PE of 16.5x.
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-0.0043%
Utilities5.90%
Real Estate5.85%
Financials1.39%
Consumer Staples0.65%
Consumer Discretionary0.45%
Tech-0.28%
Industrials-0.34%
Healthcare-0.49%
Materials-0.62%
Telecom-0.77%
Energy-2.58%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 148x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 49.0% 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 49% 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 5.8% 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
2330 Taiwan Semiconductor ManufacturingNT$1.05k0.5%
+NT$129.7b		79.9%PE31.6xTech
2881 Fubon Financial HoldingNT$90.905.7%
+NT$63.8b		45.5%PE15xFinancials
2882 Cathay Financial HoldingNT$64.804.3%
+NT$39.6b		43.8%PE12.1xFinancials
3037 Unimicron TechnologyNT$197.0011.3%
+NT$30.5b		-1.5%PE29.1xTech
2327 YageoNT$805.008.1%
+NT$25.2b		64.6%PE18.8xTech
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2542

NT$64.50

Highwealth Construction

7D

18.1%

1Y

68.3%

2382

NT$322.00

Quanta Computer

7D

-4.2%

1Y

59.8%

3661

NT$2,900.00

Alchip Technologies

7D

7.6%

1Y

46.8%

2454

NT$1,345.00

MediaTek

7D

-7.9%

1Y

96.9%

We Think MediaTek (TWSE:2454) Can Stay On Top Of Its Debt

Jul 14
We Think MediaTek (TWSE:2454) Can Stay On Top Of Its Debt

2317

NT$214.00

Hon Hai Precision Industry

7D

-5.1%

1Y

91.1%

6415

NT$473.50

Silergy

7D

11.0%

1Y

38.5%

2881

NT$90.90

Fubon Financial Holding

7D

5.7%

1Y

45.5%

Fubon Financial Holding (TWSE:2881) Has Announced That It Will Be Increasing Its Dividend To NT$2.50

Jul 12
Fubon Financial Holding (TWSE:2881) Has Announced That It Will Be Increasing Its Dividend To NT$2.50

6669

NT$2,455.00

Wiwynn

7D

-8.1%

1Y

33.1%

Wiwynn Corporation's (TWSE:6669) Intrinsic Value Is Potentially 19% Below Its Share Price

Jul 12
Wiwynn Corporation's (TWSE:6669) Intrinsic Value Is Potentially 19% Below Its Share Price

2327

NT$805.00

Yageo

7D

8.1%

1Y

64.6%

We Think Yageo (TWSE:2327) Can Stay On Top Of Its Debt

Jul 11
We Think Yageo (TWSE:2327) Can Stay On Top Of Its Debt

2303

NT$52.90

United Microelectronics

7D

-4.3%

1Y

9.8%

United Microelectronics (TWSE:2303) Shareholders Will Want The ROCE Trajectory To Continue

Jul 11
United Microelectronics (TWSE:2303) Shareholders Will Want The ROCE Trajectory To Continue

2891

NT$37.25

CTBC Financial Holding

7D

-6.8%

1Y

41.9%

3037

NT$197.00

Unimicron Technology

7D

11.3%

1Y

-1.5%

2330

NT$1,045.00

Taiwan Semiconductor Manufacturing

7D

0.5%

1Y

79.9%

4904

NT$80.20

Far EasTone Telecommunications

7D

-7.3%

1Y

12.6%

Far EasTone Telecommunications (TWSE:4904) Has Announced A Dividend Of NT$3.25

Jun 24
Far EasTone Telecommunications (TWSE:4904) Has Announced A Dividend Of NT$3.25

3034

NT$555.00

Novatek Microelectronics

7D

-8.1%

1Y

35.4%

Novatek Microelectronics (TWSE:3034) Is Reducing Its Dividend To NT$32.00

Jun 23
Novatek Microelectronics (TWSE:3034) Is Reducing Its Dividend To NT$32.00

2882

NT$64.80

Cathay Financial Holding

7D

4.3%

1Y

43.8%

Cathay Financial Holding (TWSE:2882) Is Paying Out A Larger Dividend Than Last Year

Jun 17
Cathay Financial Holding (TWSE:2882) Is Paying Out A Larger Dividend Than Last Year