Taiwanese (TAIEX) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies57
- 7D1.2%
- 3M14.4%
- 1Y16.9%
- YTD11.4%
In the last week, the Financials industry is up 1.2%, with Fubon Financial Holding up 3.9%. This means that the industry has gained 17% over the past year. Earnings are forecast to grow by 13% annually.
Sector Valuation and Performance
Has the Taiwanese Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | NT$7.9t | NT$3.6t | NT$476.7b | 14.5x | 16.5x | 2.2x |
| Tue, 16 Apr 2024 | NT$7.3t | NT$3.4t | NT$465.6b | 14.1x | 15.7x | 2.2x |
| Thu, 14 Mar 2024 | NT$7.3t | NT$3.3t | NT$407.3b | 15x | 18x | 2.2x |
| Sat, 10 Feb 2024 | NT$6.7t | NT$3.3t | NT$391.9b | 14.2x | 17.2x | 2.1x |
| Mon, 08 Jan 2024 | NT$6.9t | NT$3.3t | NT$395.2b | 14.5x | 17.3x | 2.1x |
| Wed, 06 Dec 2023 | NT$6.8t | NT$3.2t | NT$384.6b | 14.5x | 17.7x | 2.1x |
| Fri, 03 Nov 2023 | NT$6.8t | NT$3.1t | NT$360.5b | 14.1x | 18.7x | 2.2x |
| Sun, 01 Oct 2023 | NT$6.7t | NT$3.1t | NT$358.6b | 14.1x | 18.6x | 2.2x |
| Tue, 29 Aug 2023 | NT$6.6t | NT$2.9t | NT$332.6b | 15.4x | 19.9x | 2.3x |
| Thu, 27 Jul 2023 | NT$6.9t | NT$2.9t | NT$300.8b | 16.5x | 23x | 2.4x |
| Sat, 24 Jun 2023 | NT$6.8t | NT$2.8t | NT$300.4b | 16.3x | 22.7x | 2.5x |
| Mon, 22 May 2023 | NT$6.8t | NT$2.7t | NT$365.4b | 17x | 18.6x | 2.6x |
| Wed, 19 Apr 2023 | NT$6.6t | NT$2.2t | NT$366.1b | 17.1x | 18x | 3x |
| Fri, 17 Mar 2023 | NT$6.1t | NT$2.5t | NT$471.2b | 15.1x | 12.9x | 2.4x |
| Sun, 12 Feb 2023 | NT$6.5t | NT$2.7t | NT$488.2b | 15.2x | 13.2x | 2.4x |
| Tue, 10 Jan 2023 | NT$6.5t | NT$2.7t | NT$488.2b | 14.6x | 13.2x | 2.4x |
| Thu, 08 Dec 2022 | NT$6.2t | NT$2.7t | NT$491.3b | 14.3x | 12.7x | 2.3x |
| Sat, 05 Nov 2022 | NT$5.8t | NT$3.4t | NT$548.6b | 13.2x | 10.5x | 1.7x |
| Mon, 03 Oct 2022 | NT$5.9t | NT$3.4t | NT$550.5b | 13.7x | 10.6x | 1.7x |
| Wed, 31 Aug 2022 | NT$6.4t | NT$3.8t | NT$593.5b | 13.8x | 10.9x | 1.7x |
| Fri, 29 Jul 2022 | NT$6.3t | NT$4.0t | NT$628.6b | 12x | 10x | 1.6x |
| Sun, 26 Jun 2022 | NT$6.6t | NT$4.0t | NT$628.7b | 12.6x | 10.5x | 1.7x |
| Tue, 24 May 2022 | NT$6.6t | NT$4.2t | NT$661.2b | 12.6x | 10x | 1.6x |
| Thu, 21 Apr 2022 | NT$7.4t | NT$4.3t | NT$684.3b | 12.9x | 10.9x | 1.7x |
| Sat, 19 Mar 2022 | NT$7.4t | NT$4.6t | NT$713.0b | 12.1x | 10.4x | 1.6x |
| Mon, 14 Feb 2022 | NT$7.6t | NT$4.9t | NT$704.1b | 12.4x | 10.7x | 1.6x |
| Wed, 12 Jan 2022 | NT$7.4t | NT$4.9t | NT$704.1b | 11.8x | 10.5x | 1.5x |
| Fri, 10 Dec 2021 | NT$7.0t | NT$4.8t | NT$704.1b | 11.2x | 9.9x | 1.5x |
| Sun, 07 Nov 2021 | NT$6.6t | NT$4.9t | NT$680.7b | 11.7x | 9.7x | 1.3x |
| Tue, 05 Oct 2021 | NT$6.3t | NT$4.9t | NT$680.8b | 11.4x | 9.3x | 1.3x |
| Thu, 02 Sep 2021 | NT$6.3t | NT$4.9t | NT$680.9b | 11.3x | 9.3x | 1.3x |
| Sat, 31 Jul 2021 | NT$6.1t | NT$4.9t | NT$680.9b | 11.1x | 8.9x | 1.2x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are optimistic on the Taiwanese Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.5x which is higher than its 3-year average PE of 13.8x.
- The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 7.3% per year over the last three years,
- Revenues have also declined 9.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Taiwanese Financials sector?
| TW Market | 2.50% | |
| Financials | 1.24% | |
| Insurance | 2.71% | |
| Capital Markets | 2.49% | |
| Diversified Financial | 1.33% | |
| Banks | 0.50% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -2.53% | |
Industry PE
- Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 35.7x.
- Analysts are expecting annual earnings growth of 27.0%, which is lower than the prior year's growth of 41.2% per year.
- Investors are most pessimistic about the Diversified Financial industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.6x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 41% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 3.5% 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 | |
|---|---|---|---|---|---|
| 2881 Fubon Financial Holding | NT$74.60 | 3.9% +NT$36.4b | 27.2% | PE15.5x | |
| 2891 CTBC Financial Holding | NT$38.10 | 1.7% +NT$14.2b | 56.1% | PB1.7x | |
| 2882 Cathay Financial Holding | NT$56.40 | 1.6% +NT$13.2b | 24.9% | PE17.4x | |
| 2884 E.SUN Financial Holding Company | NT$29.00 | 1.8% +NT$7.8b | 14.4% | PB1.9x | |
| 2885 Yuanta Financial Holding | NT$32.65 | 1.7% +NT$7.0b | 41.3% | PE15.6x |