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Taiwanese (TAIEX) Industrials Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies343
  • 7D1.4%
  • 3M19.4%
  • 1Y23.9%
  • YTD19.7%

Over the last 7 days, the Industrials industry has risen 1.4%, driven by gains in Evergreen Marine Corporation (Taiwan) and Yang Ming Marine Transport of 8.8% and 17%, respectively. Meanwhile, Fortune Electric actually underperformed within the industry, shrinking 7.1% in the last week. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 4.6% annually.

Sector Valuation and Performance

Has the Taiwanese Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024NT$5.8tNT$3.5tNT$268.3b21x21.7x1.7x
Tue, 16 Apr 2024NT$5.6tNT$3.4tNT$234.2b21.4x23.9x1.6x
Thu, 14 Mar 2024NT$5.2tNT$3.4tNT$265.3b19.1x19.7x1.5x
Sat, 10 Feb 2024NT$4.8tNT$3.4tNT$262.2b18x18.1x1.4x
Mon, 08 Jan 2024NT$4.8tNT$3.4tNT$262.0b18.2x18.4x1.4x
Wed, 06 Dec 2023NT$4.6tNT$3.4tNT$261.4b18.1x17.7x1.4x
Fri, 03 Nov 2023NT$4.3tNT$3.6tNT$415.6b16.4x10.2x1.2x
Sun, 01 Oct 2023NT$4.4tNT$3.6tNT$416.0b16.7x10.7x1.2x
Tue, 29 Aug 2023NT$4.4tNT$3.6tNT$418.4b16.7x10.4x1.2x
Thu, 27 Jul 2023NT$4.5tNT$3.8tNT$601.1b16.2x7.5x1.2x
Sat, 24 Jun 2023NT$4.9tNT$3.8tNT$603.4b16.4x8.1x1.3x
Mon, 22 May 2023NT$4.5tNT$3.8tNT$655.6b14.1x6.9x1.2x
Wed, 19 Apr 2023NT$4.6tNT$4.0tNT$811.0b14.2x5.7x1.2x
Fri, 17 Mar 2023NT$4.3tNT$4.0tNT$884.5b12.8x4.9x1.1x
Sun, 12 Feb 2023NT$4.2tNT$4.1tNT$974.1b12.6x4.3x1x
Tue, 10 Jan 2023NT$4.1tNT$4.1tNT$974.3b12.1x4.2x1x
Thu, 08 Dec 2022NT$4.0tNT$4.1tNT$974.1b12.1x4.1x1x
Sat, 05 Nov 2022NT$3.7tNT$4.0tNT$957.5b12.4x3.9x0.9x
Mon, 03 Oct 2022NT$3.8tNT$4.0tNT$956.5b12.9x4x0.9x
Wed, 31 Aug 2022NT$4.3tNT$4.0tNT$959.7b13.8x4.5x1.1x
Fri, 29 Jul 2022NT$4.3tNT$3.8tNT$860.2b13.9x5x1.1x
Sun, 26 Jun 2022NT$4.4tNT$3.8tNT$860.1b13.8x5.1x1.2x
Tue, 24 May 2022NT$4.9tNT$3.8tNT$860.0b14.1x5.7x1.3x
Thu, 21 Apr 2022NT$5.1tNT$3.5tNT$711.5b15.8x7.1x1.4x
Sat, 19 Mar 2022NT$5.1tNT$3.5tNT$700.0b16.1x7.2x1.5x
Mon, 14 Feb 2022NT$4.9tNT$3.2tNT$536.4b15.9x9.1x1.5x
Wed, 12 Jan 2022NT$4.9tNT$3.2tNT$536.6b16x9.2x1.6x
Fri, 10 Dec 2021NT$5.1tNT$3.2tNT$536.5b15.9x9.5x1.6x
Sun, 07 Nov 2021NT$4.6tNT$2.9tNT$365.5b16.2x12.7x1.6x
Tue, 05 Oct 2021NT$4.3tNT$2.9tNT$358.8b15.7x12x1.5x
Thu, 02 Sep 2021NT$4.8tNT$2.9tNT$358.1b15.8x13.4x1.7x
Sat, 31 Jul 2021NT$4.8tNT$2.9tNT$358.1b16.5x13.4x1.7x
Price to Earnings Ratio

16.7x


Total Market Cap: NT$4.3tTotal Earnings: NT$254.8bTotal Revenue: NT$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Industrials Sector Price to Earnings3Y Average 10.1x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.9x which is higher than its 3-year average PE of 10.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.5% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Taiwanese Industrials sector?

TW Market2.50%
Industrials1.42%
Marine and Shipping8.74%
Aerospace & Defense3.86%
Machinery2.55%
Airlines1.51%
Transportation1.01%
Trade Distributors0.97%
Industrials0.73%
Construction0.25%
Infrastructure0.22%
Logistics0.12%
Building-0.49%
Electrical-2.28%
Commercial Services-2.91%
Professional Services-3.06%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 30.9%, which is higher than its past year's earnings decline of 18.4% per year.
  • Investors are most pessimistic about the Airlines industry, which is trading below its 3-year average of 56.7x.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Airlines industry is expected to see its earnings decline by 34% 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
2603 Evergreen Marine Corporation (Taiwan)NT$210.508.8%
+NT$39.3b		39.9%PE9.5x
2609 Yang Ming Marine TransportNT$71.0017.2%
+NT$36.3b		15.8%PE23.1x
2615 Wan Hai LinesNT$70.009.7%
+NT$17.4b		16.1%PE207.9x
2610 China AirlinesNT$23.805.1%
+NT$7.0b		19.0%PE16.7x
2467 C Sun MfgNT$160.0027.0%
+NT$5.1b		226.5%PE45.2x
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1503

NT$256.50

Shihlin Electric & Engineering

7D

-9.5%

1Y

90.7%

1514

NT$118.00

Allis ElectricLtd

7D

-8.2%

1Y

143.8%

6139

NT$222.00

L&K Engineering

7D

-12.9%

1Y

247.4%

2467

NT$160.00

C Sun Mfg

7D

27.0%

1Y

226.5%

2615

NT$70.00

Wan Hai Lines

7D

9.7%

1Y

16.1%

1519

NT$741.00

Fortune Electric

7D

-7.1%

1Y

500.0%

2603

NT$210.50

Evergreen Marine Corporation (Taiwan)

7D

8.8%

1Y

39.9%

1590

NT$1,185.00

AirTAC International Group

7D

1.7%

1Y

9.7%

2609

NT$71.00

Yang Ming Marine Transport

7D

17.2%

1Y

15.8%

5536

NT$228.00

Acter Group

7D

12.0%

1Y

53.5%

2606

NT$57.80

U-Ming Marine Transport

7D

-5.7%

1Y

8.0%

3376

NT$188.50

Shin Zu Shing

7D

9.0%

1Y

103.6%

2404

NT$353.00

United Integrated Services

7D

-5.9%

1Y

61.2%

2610

NT$23.80

China Airlines

7D

5.1%

1Y

19.0%

1513

NT$170.50

Chung-Hsin Electric and Machinery Manufacturing

7D

-4.2%

1Y

56.4%

2371

NT$60.10

Tatung

7D

-6.2%

1Y

58.2%