Here's Why Chainqui Construction Development (TWSE:2509) Can Afford Some Debt
May 09
Taiwanese (TAIEX) Construction Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies38
- 7D0.2%
- 3M19.5%
- 1Y57.0%
- YTD27.9%
The Construction is pretty flat in the last 7 days, but Acter Group has stood out, gaining 12%. The past year has been better, since the industry has gained 57% in that time. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Taiwanese Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | NT$540.8b | NT$477.1b | NT$31.9b | 17.2x | 16.9x | 1.1x |
| Tue, 16 Apr 2024 | NT$547.4b | NT$472.1b | NT$32.1b | 17.1x | 17.1x | 1.2x |
| Thu, 14 Mar 2024 | NT$517.1b | NT$462.0b | NT$29.0b | 15.9x | 17.8x | 1.1x |
| Sat, 10 Feb 2024 | NT$436.8b | NT$458.6b | NT$28.6b | 14.4x | 15.3x | 1x |
| Mon, 08 Jan 2024 | NT$418.2b | NT$458.6b | NT$28.7b | 14.9x | 14.6x | 0.9x |
| Wed, 06 Dec 2023 | NT$397.9b | NT$457.1b | NT$28.0b | 12.4x | 14.2x | 0.9x |
| Fri, 03 Nov 2023 | NT$368.8b | NT$432.3b | NT$24.1b | 11.7x | 15.3x | 0.9x |
| Sun, 01 Oct 2023 | NT$352.8b | NT$432.3b | NT$24.1b | 11.9x | 14.6x | 0.8x |
| Tue, 29 Aug 2023 | NT$337.5b | NT$432.4b | NT$24.5b | 12x | 13.8x | 0.8x |
| Thu, 27 Jul 2023 | NT$346.9b | NT$412.7b | NT$22.6b | 11.8x | 15.4x | 0.8x |
| Sat, 24 Jun 2023 | NT$345.7b | NT$411.5b | NT$22.4b | 11.1x | 15.5x | 0.8x |
| Mon, 22 May 2023 | NT$334.0b | NT$399.0b | NT$22.0b | 10.8x | 15.2x | 0.8x |
| Wed, 19 Apr 2023 | NT$336.1b | NT$399.9b | NT$23.5b | 11.4x | 14.3x | 0.8x |
| Fri, 17 Mar 2023 | NT$318.5b | NT$385.7b | NT$26.3b | 11.3x | 12.1x | 0.8x |
| Sun, 12 Feb 2023 | NT$309.2b | NT$379.3b | NT$25.9b | 10x | 11.9x | 0.8x |
| Tue, 10 Jan 2023 | NT$293.0b | NT$379.3b | NT$25.9b | 9.6x | 11.3x | 0.8x |
| Thu, 08 Dec 2022 | NT$283.6b | NT$379.2b | NT$25.9b | 9.3x | 10.9x | 0.7x |
| Sat, 05 Nov 2022 | NT$262.9b | NT$365.2b | NT$24.5b | 10x | 10.7x | 0.7x |
| Mon, 03 Oct 2022 | NT$264.1b | NT$355.6b | NT$24.4b | 10x | 10.8x | 0.7x |
| Wed, 31 Aug 2022 | NT$281.7b | NT$356.1b | NT$24.9b | 11x | 11.3x | 0.8x |
| Fri, 29 Jul 2022 | NT$280.6b | NT$340.9b | NT$23.5b | 13.7x | 11.9x | 0.8x |
| Sun, 26 Jun 2022 | NT$277.6b | NT$340.9b | NT$23.5b | 12.6x | 11.8x | 0.8x |
| Tue, 24 May 2022 | NT$281.1b | NT$340.8b | NT$23.5b | 13.3x | 12x | 0.8x |
| Thu, 21 Apr 2022 | NT$285.2b | NT$326.7b | NT$22.2b | 13.1x | 12.9x | 0.9x |
| Sat, 19 Mar 2022 | NT$283.1b | NT$323.2b | NT$19.2b | 13.5x | 14.8x | 0.9x |
| Mon, 14 Feb 2022 | NT$276.3b | NT$309.4b | NT$17.8b | 13.7x | 15.5x | 0.9x |
| Wed, 12 Jan 2022 | NT$280.6b | NT$312.2b | NT$18.1b | 14x | 15.5x | 0.9x |
| Fri, 10 Dec 2021 | NT$270.8b | NT$309.4b | NT$17.8b | 13.8x | 15.2x | 0.9x |
| Sun, 07 Nov 2021 | NT$265.2b | NT$309.6b | NT$16.8b | 13.1x | 15.8x | 0.9x |
| Tue, 05 Oct 2021 | NT$259.7b | NT$308.2b | NT$16.4b | 14.3x | 15.8x | 0.8x |
| Thu, 02 Sep 2021 | NT$269.9b | NT$308.2b | NT$16.4b | 13.3x | 16.5x | 0.9x |
| Sat, 31 Jul 2021 | NT$267.7b | NT$308.2b | NT$16.4b | 12.9x | 16.3x | 0.9x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are optimistic on the Taiwanese Construction industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.9x which is higher than its 3-year average PE of 14.2x.
- The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 16% 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 Industrials industry?
| TW Market | 2.50% | |
| Industrials | 1.42% | |
| Construction | 0.25% | |
| Construction and Engineering | 0.25% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 5536 Acter Group | NT$228.00 | 12.0% +NT$3.0b | 53.5% | PE15.6x | |
| 2072 Century Wind Power | NT$407.00 | 5.2% +NT$2.8b | 175.0% | PE69.3x | |
| 2597 Ruentex Engineering & Construction | NT$178.00 | 4.7% +NT$1.5b | 49.0% | PE15.9x | |
| 2543 Hwang Chang General Contractor | NT$54.60 | 5.0% +NT$617.5m | 471.7% | PE22.3x | |
| 5519 LongDa Construction & Development | NT$43.95 | 5.0% +NT$460.3m | 80.1% | PE9.5x |