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Taiwanese (TAIEX) Steel Industry Analysis

UpdatedMay 30, 2024
DataAggregated Company Financials
Companies40
  • 7D-1.6%
  • 3M2.2%
  • 1Y2.4%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 2.4%, driven by China Steel declining 2.8%. Meanwhile, Century Iron and Steel IndustrialLtd actually outperformed within the industry, gaining 9.6% in the last week. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 47% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 May 2024NT$948.6bNT$963.9bNT$22.1b19.1x42.9x1x
Sat, 27 Apr 2024NT$942.9bNT$968.0bNT$20.8b16.3x45.3x1x
Mon, 25 Mar 2024NT$917.3bNT$968.1bNT$21.1b14.9x43.5x0.9x
Wed, 21 Feb 2024NT$940.4bNT$972.8bNT$11.9b15.7x78.9x1x
Fri, 19 Jan 2024NT$908.2bNT$974.0bNT$12.0b14.8x75.4x0.9x
Sun, 17 Dec 2023NT$947.4bNT$974.0bNT$12.0b15.8x78.7x1x
Tue, 14 Nov 2023NT$862.3bNT$981.0bNT$11.7b16.1x73.8x0.9x
Thu, 12 Oct 2023NT$848.4bNT$986.3bNT$12.3b15.8x68.7x0.9x
Sat, 09 Sep 2023NT$880.2bNT$986.3bNT$12.3b16.8x71.3x0.9x
Mon, 07 Aug 2023NT$929.3bNT$1.0tNT$19.5b19.1x47.7x0.9x
Wed, 05 Jul 2023NT$945.4bNT$1.1tNT$30.5b18.4x31x0.9x
Fri, 02 Jun 2023NT$917.3bNT$1.1tNT$36.7b16.5x25x0.9x
Sun, 30 Apr 2023NT$917.4bNT$1.1tNT$54.9b15.7x16.7x0.8x
Tue, 28 Mar 2023NT$953.1bNT$1.1tNT$56.0b13.5x17x0.9x
Thu, 23 Feb 2023NT$966.3bNT$1.2tNT$86.2b11.1x11.2x0.8x
Sat, 21 Jan 2023NT$932.9bNT$1.2tNT$86.2b10.7x10.8x0.8x
Mon, 19 Dec 2022NT$893.5bNT$1.2tNT$86.2b10.1x10.4x0.8x
Wed, 16 Nov 2022NT$867.3bNT$1.2tNT$88.2b10x9.8x0.7x
Fri, 14 Oct 2022NT$797.3bNT$1.2tNT$116.0b7.6x6.9x0.7x
Sun, 11 Sep 2022NT$879.4bNT$1.2tNT$116.0b8.6x7.6x0.7x
Tue, 09 Aug 2022NT$856.1bNT$1.2tNT$114.6b8.1x7.5x0.7x
Thu, 07 Jul 2022NT$857.0bNT$1.2tNT$122.6b7.2x7x0.7x
Sat, 04 Jun 2022NT$1.0tNT$1.2tNT$122.6b9.1x8.4x0.9x
Mon, 02 May 2022NT$1.1tNT$1.1tNT$118.8b10.8x9.2x1x
Wed, 30 Mar 2022NT$1.2tNT$1.1tNT$115.8b13x10.4x1.1x
Fri, 25 Feb 2022NT$1.1tNT$1.0tNT$97.0b13.1x11.4x1.1x
Sun, 23 Jan 2022NT$1.1tNT$1.0tNT$96.4b12.7x10.9x1x
Tue, 21 Dec 2021NT$1.1tNT$1.0tNT$96.4b13x11.7x1.1x
Thu, 18 Nov 2021NT$1.0tNT$1.0tNT$96.1b12.9x10.9x1x
Sat, 16 Oct 2021NT$1.0tNT$916.5bNT$66.8b15.4x15.4x1.1x
Mon, 13 Sep 2021NT$1.2tNT$916.5bNT$66.8b18.9x18.3x1.3x
Wed, 11 Aug 2021NT$1.2tNT$916.5bNT$66.8b18x17.6x1.3x
Sun, 06 Jun 2021NT$1.1tNT$812.2bNT$35.3b20.7x31.4x1.4x
Price to Earnings Ratio

31.4x


Total Market Cap: NT$1.1tTotal Earnings: NT$35.3bTotal Revenue: NT$812.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Steel Industry Price to Earnings3Y Average 27.9x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.8x which is higher than its 3-year average PE of 27.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 14% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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.

Industry Comparison

How does Taiwanese Steel compare with similar industries?

TW Market0.64%
Materials-1.72%
Metals and Mining-1.80%
Steel-1.57%
Gold0%
Silver0%
Aluminum-0.90%
Diversified Metals and Mining-1.27%
Precious Metals and Minerals-8.90%
Copper-10.00%
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?

CompanyLast Price7D1YValuation
5009 Gloria Material TechnologyNT$53.402.5%
+NT$763.9m		-6.6%PE13.3x
2014 Chung Hung SteelNT$22.550.9%
+NT$287.1m		-2.4%PS0.9x
1532 China Metal ProductsNT$50.201.4%
+NT$265.2m		43.0%PE12.7x
2031 Hsin Kuang SteelNT$60.301.2%
+NT$224.8m		24.8%PE9.9x
2020 Mayer Steel PipeNT$40.251.4%
+NT$122.4m		68.1%PE7x
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NT$88.70

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-3.8%

1Y

n/a

2211

NT$134.50

Evergreen Steel

7D

-1.5%

1Y

112.1%

9958

NT$286.00

Century Iron and Steel IndustrialLtd

7D

-0.9%

1Y

157.7%

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May 22
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2023

NT$15.40

Yieh Phui Enterprise

7D

0.3%

1Y

0.7%

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May 21
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2017

NT$14.45

Quintain Steel

7D

-0.7%

1Y

-12.1%

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May 21
Quintain Steel's (TWSE:2017) Anemic Earnings Might Be Worse Than You Think

2028

NT$26.70

Wei Chih Steel Industrial

7D

-0.9%

1Y

2.7%

5009

NT$53.40

Gloria Material Technology

7D

2.5%

1Y

-6.6%

2020

NT$40.25

Mayer Steel Pipe

7D

1.4%

1Y

68.1%

2002

NT$23.85

China Steel

7D

-1.2%

1Y

-18.0%

1532

NT$50.20

China Metal Products

7D

1.4%

1Y

43.0%

2027

NT$38.00

Ta Chen Stainless Pipe

7D

-3.4%

1Y

0.3%

2031

NT$60.30

Hsin Kuang Steel

7D

1.2%

1Y

24.8%

2014

NT$22.55

Chung Hung Steel

7D

0.9%

1Y

-2.4%

9957

NT$6.70

Yieh United Steel

7D

-1.8%

1Y

-12.5%

1589

NT$45.70

Yeong Guan Energy Technology Group

7D

2.0%

1Y

-37.3%

2015

NT$71.20

Feng Hsin Steel

7D

0.3%

1Y

4.2%