Evergreen Marine Corporation (Taiwan) Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 17
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Taiwanese (TAIEX) Market Analysis & Valuation
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies2199
- 7D-0.6%
- 3M2.0%
- 1Y29.2%
- YTD25.6%
Over the last 7 days, the market has dropped 4.2%, driven by losses in every sector, especially the Information Technology sector. In the last year, the market is actually up 29%. As for the next few years, earnings are expected to grow by 20% per annum.
Market Valuation and Performance
Has the Taiwanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | NT$80.7t | NT$44.5t | NT$3.7t | 20.8x | 22.1x | 1.8x |
| Fri, 18 Oct 2024 | NT$81.4t | NT$42.9t | NT$3.5t | 21.4x | 23.4x | 1.9x |
| Sun, 15 Sep 2024 | NT$76.9t | NT$42.9t | NT$3.5t | 21x | 22.1x | 1.8x |
| Tue, 13 Aug 2024 | NT$76.7t | NT$42.1t | NT$3.3t | 22x | 23.1x | 1.8x |
| Thu, 11 Jul 2024 | NT$84.4t | NT$41.4t | NT$3.2t | 23.6x | 26.4x | 2x |
| Sat, 08 Jun 2024 | NT$76.9t | NT$41.4t | NT$3.2t | 23x | 24.1x | 1.9x |
| Mon, 06 May 2024 | NT$71.7t | NT$41.1t | NT$2.9t | 23.3x | 24.4x | 1.7x |
| Wed, 03 Apr 2024 | NT$72.2t | NT$41.0t | NT$2.9t | 23x | 24.8x | 1.8x |
| Fri, 01 Mar 2024 | NT$67.1t | NT$41.2t | NT$2.8t | 22.1x | 24.3x | 1.6x |
| Sun, 28 Jan 2024 | NT$63.5t | NT$41.2t | NT$2.8t | 21x | 23x | 1.5x |
| Tue, 26 Dec 2023 | NT$62.1t | NT$41.2t | NT$2.8t | 21x | 22x | 1.5x |
| Thu, 23 Nov 2023 | NT$61.1t | NT$41.0t | NT$2.8t | 20.8x | 21.9x | 1.5x |
| Sat, 21 Oct 2023 | NT$57.8t | NT$42.0t | NT$3.1t | 18.7x | 18.9x | 1.4x |
| Mon, 18 Sep 2023 | NT$59.5t | NT$41.9t | NT$3.1t | 19.7x | 19.5x | 1.4x |
| Wed, 16 Aug 2023 | NT$57.6t | NT$42.0t | NT$3.0t | 19x | 19x | 1.4x |
| Fri, 14 Jul 2023 | NT$59.8t | NT$43.0t | NT$3.4t | 18.8x | 17.6x | 1.4x |
| Sun, 11 Jun 2023 | NT$59.4t | NT$42.9t | NT$3.4t | 18.6x | 17.4x | 1.4x |
| Tue, 09 May 2023 | NT$55.4t | NT$43.2t | NT$3.9t | 16.9x | 14.1x | 1.3x |
| Thu, 06 Apr 2023 | NT$55.6t | NT$43.2t | NT$4.0t | 16.1x | 13.9x | 1.3x |
| Sat, 04 Mar 2023 | NT$54.8t | NT$44.3t | NT$4.5t | 15.1x | 12.3x | 1.2x |
| Mon, 30 Jan 2023 | NT$52.0t | NT$44.4t | NT$4.6t | 13.4x | 11.3x | 1.2x |
| Wed, 28 Dec 2022 | NT$49.9t | NT$44.2t | NT$4.5t | 13.3x | 11.1x | 1.1x |
| Fri, 25 Nov 2022 | NT$51.4t | NT$44.5t | NT$4.5t | 13.2x | 11.4x | 1.2x |
| Sun, 23 Oct 2022 | NT$44.5t | NT$44.1t | NT$4.6t | 12.8x | 9.6x | 1x |
| Tue, 20 Sep 2022 | NT$50.4t | NT$43.9t | NT$4.5t | 14.4x | 11.1x | 1.1x |
| Thu, 18 Aug 2022 | NT$53.7t | NT$44.5t | NT$4.6t | 14.4x | 11.7x | 1.2x |
| Sat, 16 Jul 2022 | NT$50.3t | NT$43.7t | NT$4.6t | 14x | 11x | 1.2x |
| Mon, 13 Jun 2022 | NT$56.9t | NT$43.5t | NT$4.5t | 15.5x | 12.7x | 1.3x |
| Wed, 11 May 2022 | NT$55.4t | NT$42.1t | NT$4.5t | 15.4x | 12.4x | 1.3x |
| Fri, 08 Apr 2022 | NT$59.4t | NT$42.2t | NT$4.3t | 16.5x | 13.8x | 1.4x |
| Sun, 06 Mar 2022 | NT$61.4t | NT$42.3t | NT$4.1t | 16.9x | 14.9x | 1.5x |
| Tue, 01 Feb 2022 | NT$61.1t | NT$42.0t | NT$4.0t | 16.6x | 15.1x | 1.5x |
| Thu, 30 Dec 2021 | NT$63.2t | NT$41.8t | NT$4.0t | 17.5x | 15.9x | 1.5x |
| Sat, 27 Nov 2021 | NT$60.0t | NT$41.8t | NT$4.0t | 16.6x | 15.1x | 1.4x |
Price to Earnings Ratio
15.1x
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 21.8x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
- The earnings for Taiwanese listed companies have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.1% 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 | -0.65% | |
| Real Estate | 1.63% | |
| Industrials | 1.14% | |
| Consumer Discretionary | 0.99% | |
| Financials | 0.70% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Materials | -0.056% | |
| Energy | -0.67% | |
| Consumer Staples | -0.86% | |
| Telecom | -0.89% | |
| Tech | -1.17% | |
| Utilities | -1.50% | |
| Healthcare | -2.96% | |
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 57.2%, which is higher than its past year's earnings growth of 6.4% 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 44% 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 7769 Hon. Precision | NT$1.22k | 21.4% +NT$34.7b | n/a | PE61.3x | Tech | |
| 2603 Evergreen Marine Corporation (Taiwan) | NT$236.00 | 7.0% +NT$33.8b | 107.9% | PE4.5x | Industrials | |
| 2454 MediaTek | NT$1.29k | 1.6% +NT$31.9b | 38.8% | PE18.9x | Tech | |
| 2105 Cheng Shin Rubber Ind | NT$53.90 | 16.2% +NT$24.3b | 16.9% | PE20.7x | Consumer Discretionary | |
| 2345 Accton Technology | NT$606.00 | 7.4% +NT$23.5b | 8.2% | PE34.8x | Tech |
