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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedMay 29, 2024
DataAggregated Company Financials
Companies19
  • 7D-1.3%
  • 3M11.8%
  • 1Y16.0%
  • YTD10.2%

Over the last 7 days, the Banks industry has dropped 1.3%, driven by CTBC Financial Holding declining 4.9%. This takes the industry's 12 month performance to a gain of 16%. Looking forward, earnings are forecast to grow by 2.3% annually.

Industry Valuation and Performance

Has the Taiwanese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 May 2024NT$4.3tNT$1.0tNT$279.8b15.1x15.4x4.2x
Fri, 26 Apr 2024NT$4.0tNT$806.0bNT$267.4b15x15.1x5x
Sun, 24 Mar 2024NT$4.1tNT$806.7bNT$269.0b15.3x15.2x5.1x
Tue, 20 Feb 2024NT$3.9tNT$946.1bNT$265.4b14.1x14.5x4.1x
Thu, 18 Jan 2024NT$3.7tNT$946.1bNT$265.4b13.8x14.1x4x
Sat, 16 Dec 2023NT$3.9tNT$946.1bNT$265.4b14.5x14.8x4.1x
Mon, 13 Nov 2023NT$3.7tNT$899.7bNT$251.1b14.1x14.9x4.2x
Wed, 11 Oct 2023NT$3.7tNT$897.8bNT$250.1b13.8x14.7x4.1x
Fri, 08 Sep 2023NT$3.6tNT$868.3bNT$250.3b13.2x14.4x4.2x
Sun, 06 Aug 2023NT$3.8tNT$835.3bNT$222.5b15.7x17.2x4.6x
Tue, 04 Jul 2023NT$3.8tNT$834.7bNT$222.5b15.9x17x4.5x
Thu, 01 Jun 2023NT$3.7tNT$796.5bNT$221.0b15.9x16.7x4.6x
Sat, 29 Apr 2023NT$3.6tNT$779.9bNT$208.9b16.3x17.1x4.6x
Mon, 27 Mar 2023NT$3.4tNT$780.3bNT$212.4b16.4x16.2x4.4x
Wed, 22 Feb 2023NT$3.6tNT$786.0bNT$208.6b15.8x17.1x4.5x
Fri, 20 Jan 2023NT$3.5tNT$786.0bNT$208.6b15.7x16.7x4.4x
Sun, 18 Dec 2022NT$3.4tNT$786.0bNT$208.6b15.5x16.3x4.3x
Tue, 15 Nov 2022NT$3.4tNT$832.2bNT$212.5b15.8x15.9x4.1x
Thu, 13 Oct 2022NT$3.3tNT$828.9bNT$211.1b15.7x15.5x3.9x
Sat, 10 Sep 2022NT$3.6tNT$831.9bNT$211.7b16.5x16.8x4.3x
Mon, 08 Aug 2022NT$3.5tNT$903.5bNT$233.8b15.1x15x3.9x
Wed, 06 Jul 2022NT$3.5tNT$903.5bNT$233.8b14.6x14.9x3.9x
Fri, 03 Jun 2022NT$3.6tNT$904.7bNT$233.8b14.8x15.6x4x
Sun, 01 May 2022NT$3.9tNT$915.1bNT$240.0b15.4x16.1x4.2x
Tue, 29 Mar 2022NT$3.9tNT$917.6bNT$242.4b15.9x15.9x4.2x
Thu, 24 Feb 2022NT$3.6tNT$930.7bNT$240.0b16.2x15.2x3.9x
Sat, 22 Jan 2022NT$3.6tNT$933.6bNT$242.1b15.6x14.7x3.8x
Mon, 20 Dec 2021NT$3.4tNT$933.6bNT$242.1b15.1x14x3.6x
Wed, 17 Nov 2021NT$3.3tNT$933.6bNT$242.6b14.5x13.6x3.5x
Fri, 15 Oct 2021NT$3.2tNT$929.0bNT$239.3b15.1x13.2x3.4x
Sun, 12 Sep 2021NT$3.2tNT$929.0bNT$239.3b14.8x13.2x3.4x
Tue, 10 Aug 2021NT$3.1tNT$929.0bNT$239.3b14.6x12.9x3.3x
Price to Earnings Ratio

13.5x


Total Market Cap: NT$3.0tTotal Earnings: NT$223.4bTotal Revenue: NT$922.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Banks Industry Price to Earnings3Y Average 15.2x202220232024
Current Industry PE
  • Investors are relatively neutral on the Taiwanese Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.2x.
  • The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 7.8% per year over the last three years.
  • Revenues for these companies have grown 3.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Taiwanese Financials industry?

TW Market2.89%
Financials-0.046%
Banks-1.28%
Regional Banks-0.39%
Diversified Banks-1.29%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 17.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 15% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2890 SinoPac Financial HoldingsNT$22.750.2%
+NT$619.3m		34.1%PB1.4x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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5880

NT$25.95

Taiwan Cooperative Financial Holding

7D

-2.4%

1Y

-2.5%

2892

NT$27.60

First Financial Holding

7D

-3.2%

1Y

1.2%

2880

NT$25.05

Hua Nan Financial Holdings

7D

-2.1%

1Y

12.6%

2887

NT$18.30

Taishin Financial Holding

7D

-3.2%

1Y

3.9%

2890

NT$22.75

SinoPac Financial Holdings

7D

0.2%

1Y

34.1%

2891

NT$36.05

CTBC Financial Holding

7D

-4.9%

1Y

48.4%

2886

NT$39.00

Mega Financial Holding

7D

-3.8%

1Y

9.8%

2884

NT$27.90

E.SUN Financial Holding Company

7D

-2.1%

1Y

11.8%

5876

NT$45.55

Shanghai Commercial & Savings Bank

7D

-4.7%

1Y

0.9%