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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedNov 17, 2024
DataAggregated Company Financials
Companies2199
  • 7D-3.4%
  • 3M0.9%
  • 1Y30.2%
  • YTD25.1%

Over the last 7 days, the market has dropped 3.4%, driven by a pullback of 4.2% in the Information Technology sector. In contrast to the last week, the market is actually up 30% over the past year. 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
Sun, 17 Nov 2024NT$80.4tNT$44.4tNT$3.7t20.8x21.9x1.8x
Tue, 15 Oct 2024NT$80.9tNT$42.9tNT$3.5t21.2x23.2x1.9x
Thu, 12 Sep 2024NT$74.4tNT$42.9tNT$3.5t20.5x21.4x1.7x
Sat, 10 Aug 2024NT$75.6tNT$41.9tNT$3.3t21.7x22.9x1.8x
Mon, 08 Jul 2024NT$83.0tNT$41.4tNT$3.2t23.5x26x2x
Wed, 05 Jun 2024NT$75.2tNT$41.5tNT$3.2t22.9x23.6x1.8x
Fri, 03 May 2024NT$71.4tNT$41.2tNT$2.9t23.4x24.3x1.7x
Sun, 31 Mar 2024NT$71.5tNT$41.0tNT$2.9t22.7x24.6x1.7x
Tue, 27 Feb 2024NT$67.0tNT$41.2tNT$2.8t21.8x24.2x1.6x
Thu, 25 Jan 2024NT$63.0tNT$41.2tNT$2.8t21.1x22.8x1.5x
Sat, 23 Dec 2023NT$62.1tNT$41.2tNT$2.8t21.1x22.1x1.5x
Mon, 20 Nov 2023NT$60.7tNT$41.0tNT$2.8t20.3x21.7x1.5x
Wed, 18 Oct 2023NT$59.0tNT$42.0tNT$3.1t19.3x19.3x1.4x
Fri, 15 Sep 2023NT$59.1tNT$41.8tNT$3.1t19.6x19.4x1.4x
Sun, 13 Aug 2023NT$58.2tNT$42.2tNT$3.1t19.1x18.8x1.4x
Tue, 11 Jul 2023NT$58.5tNT$43.0tNT$3.4t18.7x17.1x1.4x
Thu, 08 Jun 2023NT$59.5tNT$42.9tNT$3.4t18.5x17.4x1.4x
Sat, 06 May 2023NT$55.1tNT$43.2tNT$3.9t16.9x14x1.3x
Mon, 03 Apr 2023NT$55.6tNT$43.2tNT$4.0t16.1x13.9x1.3x
Wed, 01 Mar 2023NT$54.4tNT$44.3tNT$4.5t14.9x12.2x1.2x
Fri, 27 Jan 2023NT$52.0tNT$44.4tNT$4.6t13.4x11.3x1.2x
Sun, 25 Dec 2022NT$49.8tNT$44.2tNT$4.5t13.2x11.1x1.1x
Tue, 22 Nov 2022NT$50.3tNT$44.8tNT$4.6t13x11x1.1x
Thu, 20 Oct 2022NT$45.2tNT$44.1tNT$4.6t13.1x9.7x1x
Sat, 17 Sep 2022NT$51.0tNT$44.0tNT$4.5t14.5x11.2x1.2x
Mon, 15 Aug 2022NT$53.1tNT$44.2tNT$4.6t14.5x11.6x1.2x
Wed, 13 Jul 2022NT$48.3tNT$43.5tNT$4.5t13.7x10.8x1.1x
Fri, 10 Jun 2022NT$57.4tNT$43.5tNT$4.5t15.4x12.8x1.3x
Sun, 08 May 2022NT$56.6tNT$42.9tNT$4.4t15.8x12.9x1.3x
Tue, 05 Apr 2022NT$60.9tNT$41.9tNT$4.3t16.6x14.1x1.5x
Thu, 03 Mar 2022NT$61.9tNT$42.1tNT$4.1t17x15x1.5x
Sat, 29 Jan 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.2x1.5x
Mon, 27 Dec 2021NT$62.3tNT$41.8tNT$4.0t17.2x15.6x1.5x
Wed, 24 Nov 2021NT$61.0tNT$41.8tNT$4.0t16.6x15.3x1.5x
Price to Earnings Ratio

15.3x


Total Market Cap: NT$61.0tTotal Earnings: NT$4.0tTotal Revenue: NT$41.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 17.3x202220232024
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 21.9x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market-3.41%
Real Estate0.62%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.79%
Telecom-1.67%
Utilities-1.75%
Financials-1.96%
Consumer Staples-2.12%
Consumer Discretionary-2.36%
Healthcare-3.18%
Materials-3.62%
Tech-4.16%
Energy-5.95%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 170x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 53.0%, which is higher than its past year's earnings growth of 7.4% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 98% over the next 5 years.
  • This is better than its past earnings growth rate of 43% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.7% 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
7769 Hon. PrecisionNT$1.23k21.3%
+NT$34.7b		n/aPE61.6xTech
2603 Evergreen Marine Corporation (Taiwan)NT$227.504.4%
+NT$20.9b		97.8%PE4.4xIndustrials
6669 WiwynnNT$2.16k4.9%
+NT$18.6b		18.0%PE20.9xTech
2618 EVA AirwaysNT$41.658.5%
+NT$17.6b		29.5%PE8.4xIndustrials
3706 MiTAC HoldingsNT$68.4026.7%
+NT$17.4b		67.2%PE30.3xTech
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