Analysts Are Updating Their Unimicron Technology Corp. (TWSE:3037) Estimates After Its Second-Quarter Results
Aug 03
Taiwanese (TAIEX) Market Analysis & Valuation
UpdatedAug 03, 2024
DataAggregated Company Financials
Companies2169
- 7D-2.2%
- 3M6.0%
- 1Y27.2%
- YTD19.9%
Over the last 7 days, the market has dropped 2.2%, driven by a decline of 2.9% in the Information Technology sector. In contrast to the last week, the market is actually up 27% over the past year. Earnings are forecast to grow by 19% annually.
Market Valuation and Performance
Has the Taiwanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Aug 2024 | NT$76.3t | NT$41.7t | NT$3.3t | 22.4x | 23.3x | 1.8x |
| Tue, 02 Jul 2024 | NT$81.3t | NT$41.4t | NT$3.2t | 23.1x | 25.5x | 2x |
| Thu, 30 May 2024 | NT$76.2t | NT$41.5t | NT$3.2t | 22.7x | 24.1x | 1.8x |
| Sat, 27 Apr 2024 | NT$70.9t | NT$41.1t | NT$2.9t | 23.2x | 24.2x | 1.7x |
| Mon, 25 Mar 2024 | NT$71.3t | NT$41.0t | NT$2.9t | 22.7x | 24.5x | 1.7x |
| Wed, 21 Feb 2024 | NT$65.9t | NT$41.2t | NT$2.8t | 21.7x | 23.8x | 1.6x |
| Fri, 19 Jan 2024 | NT$60.8t | NT$41.2t | NT$2.8t | 20.6x | 21.6x | 1.5x |
| Sun, 17 Dec 2023 | NT$62.3t | NT$41.2t | NT$2.8t | 21.2x | 22.1x | 1.5x |
| Tue, 14 Nov 2023 | NT$58.8t | NT$41.6t | NT$2.9t | 19.4x | 20.1x | 1.4x |
| Thu, 12 Oct 2023 | NT$58.6t | NT$42.0t | NT$3.1t | 19.2x | 19.2x | 1.4x |
| Sat, 09 Sep 2023 | NT$58.2t | NT$41.8t | NT$3.1t | 19.5x | 19.1x | 1.4x |
| Mon, 07 Aug 2023 | NT$59.1t | NT$42.7t | NT$3.2t | 18.9x | 18.2x | 1.4x |
| Wed, 05 Jul 2023 | NT$60.3t | NT$43.0t | NT$3.4t | 19x | 17.6x | 1.4x |
| Fri, 02 Jun 2023 | NT$58.0t | NT$42.9t | NT$3.5t | 17.9x | 16.7x | 1.4x |
| Sun, 30 Apr 2023 | NT$54.9t | NT$43.3t | NT$4.0t | 16.7x | 13.9x | 1.3x |
| Tue, 28 Mar 2023 | NT$55.5t | NT$43.2t | NT$4.0t | 15.7x | 13.8x | 1.3x |
| Thu, 23 Feb 2023 | NT$54.1t | NT$44.3t | NT$4.5t | 14.7x | 11.9x | 1.2x |
| Sat, 21 Jan 2023 | NT$52.0t | NT$44.4t | NT$4.6t | 13.4x | 11.3x | 1.2x |
| Mon, 19 Dec 2022 | NT$50.7t | NT$44.2t | NT$4.5t | 13.4x | 11.3x | 1.1x |
| Wed, 16 Nov 2022 | NT$50.5t | NT$44.8t | NT$4.5t | 13.2x | 11.1x | 1.1x |
| Fri, 14 Oct 2022 | NT$44.6t | NT$43.9t | NT$4.5t | 12.8x | 9.8x | 1x |
| Sun, 11 Sep 2022 | NT$51.1t | NT$43.9t | NT$4.5t | 14.5x | 11.3x | 1.2x |
| Tue, 09 Aug 2022 | NT$52.1t | NT$44.2t | NT$4.7t | 14.4x | 11.2x | 1.2x |
| Thu, 07 Jul 2022 | NT$48.2t | NT$43.5t | NT$4.5t | 13.7x | 10.8x | 1.1x |
| Sat, 04 Jun 2022 | NT$57.2t | NT$43.0t | NT$4.5t | 15.3x | 12.8x | 1.3x |
| Mon, 02 May 2022 | NT$57.2t | NT$42.8t | NT$4.4t | 15.9x | 13x | 1.3x |
| Wed, 30 Mar 2022 | NT$60.7t | NT$41.9t | NT$4.3t | 16.6x | 14.1x | 1.4x |
| Fri, 25 Feb 2022 | NT$60.9t | NT$42.2t | NT$4.1t | 16.8x | 14.9x | 1.4x |
| Sun, 23 Jan 2022 | NT$61.8t | NT$41.9t | NT$4.0t | 16.9x | 15.5x | 1.5x |
| Tue, 21 Dec 2021 | NT$61.2t | NT$41.8t | NT$4.0t | 17x | 15.4x | 1.5x |
| Thu, 18 Nov 2021 | NT$61.2t | NT$42.0t | NT$4.0t | 16.8x | 15.4x | 1.5x |
| Sat, 16 Oct 2021 | NT$57.3t | NT$40.8t | NT$3.6t | 16x | 15.9x | 1.4x |
| Mon, 13 Sep 2021 | NT$59.6t | NT$40.7t | NT$3.6t | 16.6x | 16.7x | 1.5x |
| Wed, 11 Aug 2021 | NT$58.8t | NT$40.7t | NT$3.6t | 16.9x | 16.4x | 1.4x |
Price to Earnings Ratio
16.4x
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 23.3x which is higher than its 3-year average PE of 16.6x.
Past Earnings Growth
- The earnings for Taiwanese listed companies have declined 2.9% 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 | -2.20% | |
| Real Estate | 0.66% | |
| Energy | 0.46% | |
| Financials | 0.26% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Discretionary | -0.57% | |
| Telecom | -0.75% | |
| Materials | -0.99% | |
| Industrials | -1.86% | |
| Tech | -2.93% | |
| Healthcare | -3.04% | |
| Consumer Staples | -4.34% | |
| Utilities | -7.52% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 153x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 51.2% 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 51% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 2303 United Microelectronics | NT$52.90 | 4.3% +NT$27.6b | 13.8% | PE12.7x | Tech | |
| 2881 Fubon Financial Holding | NT$86.90 | 2.4% +NT$26.0b | 40.8% | PE14.3x | Financials | |
| 2615 Wan Hai Lines | NT$79.70 | 7.8% +NT$16.3b | 54.5% | PE236.7x | Industrials | |
| 2609 Yang Ming Marine Transport | NT$64.10 | 6.3% +NT$13.3b | 35.9% | PE20.8x | Industrials | |
| 2603 Evergreen Marine Corporation (Taiwan) | NT$171.00 | 3.3% +NT$11.8b | 56.9% | PE7.7x | Industrials |
