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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedAug 16, 2024
DataAggregated Company Financials
Companies2170
  • 7D5.0%
  • 3M3.1%
  • 1Y31.5%
  • YTD21.3%

Over the last 7 days, the market has risen 5.0%, driven by gains of 5.9% in the Information Technology sector. As for the past 12 months, the market is up 32%. 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, 17 Aug 2024NT$77.2tNT$42.6tNT$3.4t21.8x22.7x1.8x
Mon, 15 Jul 2024NT$84.1tNT$41.4tNT$3.2t23.8x26.3x2x
Wed, 12 Jun 2024NT$76.8tNT$41.4tNT$3.2t22.6x24.1x1.9x
Fri, 10 May 2024NT$72.4tNT$41.2tNT$3.0t23.5x24.5x1.8x
Sun, 07 Apr 2024NT$71.9tNT$41.0tNT$2.9t23.2x24.6x1.8x
Tue, 05 Mar 2024NT$68.3tNT$41.2tNT$2.8t22.2x24.6x1.7x
Thu, 01 Feb 2024NT$63.2tNT$41.2tNT$2.8t21.1x22.9x1.5x
Sat, 30 Dec 2023NT$63.1tNT$41.2tNT$2.8t21.2x22.4x1.5x
Mon, 27 Nov 2023NT$60.8tNT$41.1tNT$2.8t20.9x21.7x1.5x
Wed, 25 Oct 2023NT$57.5tNT$41.9tNT$3.0t18.9x19.3x1.4x
Fri, 22 Sep 2023NT$57.4tNT$42.0tNT$3.1t19.3x18.8x1.4x
Sun, 20 Aug 2023NT$57.4tNT$41.8tNT$3.0t19.2x19.1x1.4x
Tue, 18 Jul 2023NT$60.8tNT$43.0tNT$3.4t19.3x17.9x1.4x
Thu, 15 Jun 2023NT$60.5tNT$42.9tNT$3.4t18.6x17.7x1.4x
Sat, 13 May 2023NT$54.6tNT$43.1tNT$3.9t16.7x14x1.3x
Mon, 10 Apr 2023NT$55.7tNT$43.3tNT$4.0t16.3x13.9x1.3x
Wed, 08 Mar 2023NT$55.4tNT$44.3tNT$4.5t15.3x12.4x1.3x
Fri, 03 Feb 2023NT$54.5tNT$44.4tNT$4.6t14x11.8x1.2x
Sun, 01 Jan 2023NT$49.4tNT$44.2tNT$4.5t13.2x11x1.1x
Tue, 29 Nov 2022NT$50.7tNT$44.5tNT$4.5t13.2x11.2x1.1x
Thu, 27 Oct 2022NT$44.3tNT$44.1tNT$4.6t12.8x9.5x1x
Sat, 24 Sep 2022NT$49.4tNT$43.9tNT$4.5t14.2x10.9x1.1x
Mon, 22 Aug 2022NT$53.7tNT$44.4tNT$4.6t14.5x11.7x1.2x
Wed, 20 Jul 2022NT$50.4tNT$43.7tNT$4.6t14x11x1.2x
Fri, 17 Jun 2022NT$54.7tNT$43.5tNT$4.5t15x12.2x1.3x
Sun, 15 May 2022NT$54.7tNT$43.4tNT$4.5t15x12.2x1.3x
Tue, 12 Apr 2022NT$59.0tNT$42.2tNT$4.3t16.4x13.7x1.4x
Thu, 10 Mar 2022NT$58.9tNT$42.4tNT$4.1t16.4x14.3x1.4x
Sat, 05 Feb 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.1x1.5x
Mon, 03 Jan 2022NT$63.3tNT$41.8tNT$4.0t17.6x15.9x1.5x
Wed, 01 Dec 2021NT$60.0tNT$41.6tNT$4.0t17.8x15x1.4x
Fri, 29 Oct 2021NT$58.6tNT$40.8tNT$3.6t16.4x16.1x1.4x
Sun, 26 Sep 2021NT$59.2tNT$40.7tNT$3.6t16.6x16.5x1.5x
Tue, 24 Aug 2021NT$57.5tNT$40.7tNT$3.6t16.5x16.1x1.4x
Price to Earnings Ratio

16.1x


Total Market Cap: NT$57.5tTotal Earnings: NT$3.6tTotal Revenue: NT$40.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16.7x202220232024
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 22.7x which is higher than its 3-year average PE of 16.7x.
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 Market5.00%
Real Estate8.96%
Tech5.93%
Industrials4.80%
Healthcare4.78%
Consumer Discretionary3.77%
Financials3.30%
Telecom2.15%
Utilities1.94%
Consumer Staples1.41%
Materials1.17%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-2.23%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 157x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 49.3% which is higher than its past year's earnings decline of 0.2% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.2x.
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 0.2% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 3.6% 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
2330 Taiwan Semiconductor ManufacturingNT$969.003.7%
+NT$907.6b		79.8%PE27.2xTech
2317 Hon Hai Precision IndustryNT$184.009.2%
+NT$214.9b		73.6%PE16.6xTech
2454 MediaTekNT$1.23k9.3%
+NT$167.1b		82.5%PE19.3xTech
2382 Quanta ComputerNT$278.5011.4%
+NT$109.9b		8.8%PE21.4xTech
2881 Fubon Financial HoldingNT$92.407.4%
+NT$83.3b		55.5%PE15.2xFinancials
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The 5 Factors That Drove The Market’s Volatility Last Week
Last Week

The 5 Factors That Drove The Market’s Volatility Last Week

Latest News

2880

NT$25.55

Hua Nan Financial Holdings

7D

-5.5%

1Y

24.1%

2317

NT$184.00

Hon Hai Precision Industry

7D

9.2%

1Y

73.6%

Hon Hai Precision Industry Co., Ltd. (TWSE:2317) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Aug 17
Hon Hai Precision Industry Co., Ltd. (TWSE:2317) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

1101

NT$32.85

TCC Group Holdings

7D

-4.8%

1Y

-6.5%

2882

NT$63.00

Cathay Financial Holding

7D

4.1%

1Y

39.4%

6472

NT$741.00

Bora Pharmaceuticals

7D

-5.4%

1Y

3.1%

3653

NT$1,335.00

Jentech Precision Industrial

7D

23.6%

1Y

121.8%

4958

NT$121.50

Zhen Ding Technology Holding

7D

-4.3%

1Y

27.8%

Results: Zhen Ding Technology Holding Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 15
Results: Zhen Ding Technology Holding Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

2881

NT$92.40

Fubon Financial Holding

7D

7.4%

1Y

55.5%

2382

NT$278.50

Quanta Computer

7D

11.4%

1Y

8.8%

Results: Quanta Computer Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Aug 13
Results: Quanta Computer Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

1301

NT$52.40

Formosa Plastics

7D

-4.4%

1Y

-34.7%

1326

NT$45.05

Formosa Chemicals & Fibre

7D

-3.5%

1Y

-27.5%

2308

NT$411.00

Delta Electronics

7D

6.1%

1Y

20.4%

6505

NT$60.60

Formosa Petrochemical

7D

-4.7%

1Y

-23.3%

2454

NT$1,230.00

MediaTek

7D

9.3%

1Y

82.5%

2912

NT$278.00

President Chain Store

7D

-2.1%

1Y

3.0%

2330

NT$969.00

Taiwan Semiconductor Manufacturing

7D

3.7%

1Y

79.8%