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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedNov 28, 2024
DataAggregated Company Financials
Companies2207
  • 7D-1.4%
  • 3M-0.1%
  • 1Y26.5%
  • YTD23.0%

Over the last 7 days, the market has dropped 1.4%, driven by a pullback of 1.9% in the Information Technology sector. In the last year, the market is actually up 26%. Earnings are forecast to grow by 20% annually.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Taiwanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Nov 2024NT$79.2tNT$44.6tNT$3.7t20.9x21.6x1.8x
Sat, 26 Oct 2024NT$82.6tNT$43.2tNT$3.6t21.6x23x1.9x
Mon, 23 Sep 2024NT$78.3tNT$42.9tNT$3.5t21.4x22.5x1.8x
Wed, 21 Aug 2024NT$79.2tNT$42.8tNT$3.4t21.3x23.2x1.9x
Fri, 19 Jul 2024NT$82.4tNT$41.4tNT$3.2t23.5x25.8x2x
Sun, 16 Jun 2024NT$79.1tNT$41.4tNT$3.2t23x24.8x1.9x
Tue, 14 May 2024NT$73.3tNT$41.4tNT$3.0t22.6x24.5x1.8x
Thu, 11 Apr 2024NT$73.2tNT$41.0tNT$2.9t23.7x25.1x1.8x
Sat, 09 Mar 2024NT$69.6tNT$41.1tNT$2.8t22x25x1.7x
Mon, 05 Feb 2024NT$63.8tNT$41.2tNT$2.7t21.1x23.2x1.5x
Wed, 03 Jan 2024NT$63.1tNT$41.2tNT$2.8t21.3x22.4x1.5x
Fri, 01 Dec 2023NT$61.5tNT$40.9tNT$2.8t21.1x21.9x1.5x
Sun, 29 Oct 2023NT$56.9tNT$41.7tNT$2.9t18.9x19.4x1.4x
Tue, 26 Sep 2023NT$57.9tNT$42.0tNT$3.1t19.4x19x1.4x
Thu, 24 Aug 2023NT$58.0tNT$41.8tNT$3.0t19.2x19.3x1.4x
Sat, 22 Jul 2023NT$59.8tNT$43.0tNT$3.3t18.9x17.9x1.4x
Mon, 19 Jun 2023NT$60.6tNT$42.9tNT$3.4t18.7x17.7x1.4x
Wed, 17 May 2023NT$55.1tNT$43.0tNT$3.8t16.7x14.5x1.3x
Fri, 14 Apr 2023NT$55.7tNT$43.3tNT$4.0t16.5x14x1.3x
Sun, 12 Mar 2023NT$54.4tNT$44.0tNT$4.4t15.2x12.3x1.2x
Tue, 07 Feb 2023NT$53.8tNT$44.4tNT$4.6t14x11.7x1.2x
Thu, 05 Jan 2023NT$49.7tNT$44.2tNT$4.5t13.3x11.1x1.1x
Sat, 03 Dec 2022NT$52.1tNT$44.2tNT$4.5t13.6x11.6x1.2x
Mon, 31 Oct 2022NT$44.5tNT$44.2tNT$4.7t12.7x9.6x1x
Wed, 28 Sep 2022NT$48.2tNT$43.9tNT$4.5t13.8x10.6x1.1x
Fri, 26 Aug 2022NT$53.1tNT$44.4tNT$4.6t14.6x11.6x1.2x
Sun, 24 Jul 2022NT$51.8tNT$43.7tNT$4.6t14.4x11.3x1.2x
Tue, 21 Jun 2022NT$53.0tNT$43.5tNT$4.5t14.4x11.9x1.2x
Thu, 19 May 2022NT$56.3tNT$43.8tNT$4.5t14.9x12.4x1.3x
Sat, 16 Apr 2022NT$58.7tNT$42.7tNT$4.4t16.3x13.4x1.4x
Mon, 14 Mar 2022NT$59.7tNT$42.6tNT$4.1t16.4x14.5x1.4x
Wed, 09 Feb 2022NT$62.1tNT$42.0tNT$4.0t17.1x15.3x1.5x
Fri, 07 Jan 2022NT$64.0tNT$41.8tNT$4.0t19.6x16.1x1.5x
Sun, 05 Dec 2021NT$61.3tNT$41.8tNT$4.0t16.8x15.4x1.5x
Price to Earnings Ratio

15.4x


Total Market Cap: NT$61.3tTotal 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 21.6x 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 2.2% 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-1.41%
Telecom1.42%
Real Estate1.30%
Consumer Staples0.53%
Utilities0.27%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.22%
Financials-0.25%
Consumer Discretionary-0.35%
Materials-1.22%
Industrials-1.67%
Tech-1.90%
Energy-4.07%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 171x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 59.8%, which is higher than its past year's earnings growth of 7.3% 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 76% over the next 5 years.
  • This is better than its past earnings growth rate of 46% 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
2308 Delta ElectronicsNT$385.501.2%
+NT$11.7b		21.8%PE27xTech
3008 LARGAN PrecisionLtdNT$2.45k3.4%
+NT$10.7b		2.3%PE14.7xTech
2890 SinoPac Financial HoldingsNT$23.503.5%
+NT$10.2b		27.4%PB1.5xFinancials
2345 Accton TechnologyNT$646.002.5%
+NT$8.9b		21.2%PE37.1xTech
6919 Caliway BiopharmaceuticalsNT$587.0011.0%
+NT$8.9b		201.4%PS1802.2xHealthcare
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3008

NT$2,445.00

LARGAN PrecisionLtd

7D

3.4%

1Y

2.3%

We Think LARGAN PrecisionLtd (TWSE:3008) Can Manage Its Debt With Ease

Nov 27
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2603

NT$216.00

Evergreen Marine Corporation (Taiwan)

7D

-9.6%

1Y

92.9%

2412

NT$124.00

Chunghwa Telecom

7D

0.8%

1Y

3.8%

Is There An Opportunity With Chunghwa Telecom Co., Ltd.'s (TWSE:2412) 36% Undervaluation?

Nov 26
Is There An Opportunity With Chunghwa Telecom Co., Ltd.'s (TWSE:2412) 36% Undervaluation?

4904

NT$90.90

Far EasTone Telecommunications

7D

2.7%

1Y

9.7%

2880

NT$26.20

Hua Nan Financial Holdings

7D

2.3%

1Y

18.9%

3711

NT$148.00

ASE Technology Holding

7D

-3.6%

1Y

15.6%

ASE Technology Holding Co., Ltd.'s (TWSE:3711) Intrinsic Value Is Potentially 55% Above Its Share Price

Nov 20
ASE Technology Holding Co., Ltd.'s (TWSE:3711) Intrinsic Value Is Potentially 55% Above Its Share Price

2357

NT$581.00

ASUSTeK Computer

7D

-4.8%

1Y

47.6%

6919

NT$587.00

Caliway Biopharmaceuticals

7D

11.0%

1Y

201.4%

2890

NT$23.50

SinoPac Financial Holdings

7D

3.5%

1Y

27.4%

SinoPac Financial Holdings Company Limited Beat Revenue Forecasts By 18%: Here's What Analysts Are Forecasting Next

Nov 17
SinoPac Financial Holdings Company Limited Beat Revenue Forecasts By 18%: Here's What Analysts Are Forecasting Next

2317

NT$196.00

Hon Hai Precision Industry

7D

-3.2%

1Y

93.1%

2345

NT$646.00

Accton Technology

7D

2.5%

1Y

21.2%

Accton Technology's (TWSE:2345) Solid Earnings Have Been Accounted For Conservatively

Nov 15
Accton Technology's (TWSE:2345) Solid Earnings Have Been Accounted For Conservatively

2615

NT$84.00

Wan Hai Lines

7D

-12.3%

1Y

79.9%

2609

NT$72.70

Yang Ming Marine Transport

7D

-8.3%

1Y

73.1%

2330

NT$1,000.00

Taiwan Semiconductor Manufacturing

7D

-1.0%

1Y

73.3%

2308

NT$385.50

Delta Electronics

7D

1.2%

1Y

21.8%

Delta Electronics (TWSE:2308) Is Looking To Continue Growing Its Returns On Capital

Nov 13
Delta Electronics (TWSE:2308) Is Looking To Continue Growing Its Returns On Capital

2454

NT$1,250.00

MediaTek

7D

-1.2%

1Y

32.3%