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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies2166
  • 7D3.3%
  • 3M14.2%
  • 1Y41.2%
  • YTD32.0%

The market is up 3.3% over the last week, with the Information Technology sector leading the way, up 4.6%. On the other hand, with a decline of 3.5%, the Communication Services sector is lagging behind. The market is up 41% over the last 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Taiwanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024NT$84.0tNT$41.4tNT$3.2t23.6x26.3x2x
Thu, 06 Jun 2024NT$75.6tNT$41.4tNT$3.2t22.8x23.7x1.8x
Sat, 04 May 2024NT$71.7tNT$41.2tNT$2.9t23.3x24.4x1.7x
Mon, 01 Apr 2024NT$71.5tNT$41.0tNT$2.9t22.8x24.6x1.7x
Wed, 28 Feb 2024NT$66.7tNT$41.2tNT$2.8t21.8x24.1x1.6x
Fri, 26 Jan 2024NT$63.4tNT$41.2tNT$2.8t21.1x23x1.5x
Sun, 24 Dec 2023NT$62.1tNT$41.2tNT$2.8t21.1x22x1.5x
Tue, 21 Nov 2023NT$60.7tNT$41.0tNT$2.8t20.5x21.7x1.5x
Thu, 19 Oct 2023NT$57.8tNT$42.0tNT$3.1t18.8x18.9x1.4x
Sat, 16 Sep 2023NT$59.1tNT$41.8tNT$3.1t19.6x19.4x1.4x
Mon, 14 Aug 2023NT$58.2tNT$42.1tNT$3.1t19.2x18.8x1.4x
Wed, 12 Jul 2023NT$59.3tNT$43.0tNT$3.4t18.9x17.4x1.4x
Fri, 09 Jun 2023NT$58.8tNT$42.9tNT$3.4t18.4x17.1x1.4x
Sun, 07 May 2023NT$55.1tNT$43.2tNT$3.9t16.9x14x1.3x
Tue, 04 Apr 2023NT$55.6tNT$43.2tNT$4.0t16.1x13.9x1.3x
Thu, 02 Mar 2023NT$54.8tNT$44.3tNT$4.5t14.9x12.3x1.2x
Sat, 28 Jan 2023NT$52.0tNT$44.4tNT$4.6t13.4x11.3x1.2x
Mon, 26 Dec 2022NT$49.8tNT$44.2tNT$4.5t13.2x11.1x1.1x
Wed, 23 Nov 2022NT$50.5tNT$44.8tNT$4.6t13x11.1x1.1x
Fri, 21 Oct 2022NT$45.1tNT$44.1tNT$4.6t13x9.7x1x
Sun, 18 Sep 2022NT$50.9tNT$44.0tNT$4.5t14.5x11.2x1.2x
Tue, 16 Aug 2022NT$53.5tNT$44.5tNT$4.6t14.4x11.6x1.2x
Thu, 14 Jul 2022NT$49.5tNT$43.5tNT$4.5t13.9x11.1x1.1x
Sat, 11 Jun 2022NT$56.9tNT$43.5tNT$4.5t15.5x12.7x1.3x
Mon, 09 May 2022NT$56.6tNT$43.1tNT$4.5t15.7x12.7x1.3x
Wed, 06 Apr 2022NT$60.9tNT$42.2tNT$4.3t16.6x14.2x1.4x
Fri, 04 Mar 2022NT$62.1tNT$42.2tNT$4.1t17x15.1x1.5x
Sun, 30 Jan 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.2x1.5x
Tue, 28 Dec 2021NT$62.5tNT$41.8tNT$4.0t17.3x15.7x1.5x
Thu, 25 Nov 2021NT$61.0tNT$41.8tNT$4.0t16.7x15.3x1.5x
Sat, 23 Oct 2021NT$57.9tNT$40.8tNT$3.6t16.4x16.1x1.4x
Mon, 20 Sep 2021NT$59.1tNT$40.7tNT$3.6t16.5x16.5x1.5x
Wed, 18 Aug 2021NT$57.5tNT$40.7tNT$3.6t16.4x16.1x1.4x
Price to Earnings Ratio

16.8x


Total Market Cap: NT$60.1tTotal Earnings: NT$3.6tTotal Revenue: NT$40.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16.4x202220232024
Current Market PE
  • Investors are optimistic on the Taiwanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 16.4x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 3.7% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market3.31%
Tech4.64%
Financials3.95%
Consumer Staples1.80%
Materials1.16%
Energy1.07%
Consumer Discretionary0.22%
Real Estate-0.25%
Industrials-0.62%
Utilities-0.82%
Healthcare-1.15%
Telecom-3.50%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 146x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 44.8% which is higher than its past year's earnings decline of 0.5% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
2330 Taiwan Semiconductor ManufacturingNT$1.04k7.8%
+NT$1.9t		79.4%PE31.3xTech
2317 Hon Hai Precision IndustryNT$225.5010.3%
+NT$291.1b		114.8%PE20.7xTech
2382 Quanta ComputerNT$336.509.8%
+NT$115.6b		94.5%PE28.7xTech
3711 ASE Technology HoldingNT$179.5012.9%
+NT$88.6b		63.9%PE24.5xTech
2308 Delta ElectronicsNT$408.506.7%
+NT$66.2b		13.6%PE32.9xTech
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2881

NT$85.90

Fubon Financial Holding

7D

6.0%

1Y

46.9%

2317

NT$225.50

Hon Hai Precision Industry

7D

10.3%

1Y

114.8%

2330

NT$1,035.00

Taiwan Semiconductor Manufacturing

7D

7.8%

1Y

79.4%

2609

NT$65.10

Yang Ming Marine Transport

7D

-12.1%

1Y

34.5%

5347

NT$123.00

Vanguard International Semiconductor

7D

-13.4%

1Y

50.7%

2474

NT$215.00

Catcher Technology

7D

-10.4%

1Y

24.3%

2412

NT$119.00

Chunghwa Telecom

7D

-5.2%

1Y

3.5%

3711

NT$179.50

ASE Technology Holding

7D

12.9%

1Y

63.9%

2382

NT$336.50

Quanta Computer

7D

9.8%

1Y

94.5%

Market Participants Recognise Quanta Computer Inc.'s (TWSE:2382) Earnings

Jun 26
Market Participants Recognise Quanta Computer Inc.'s (TWSE:2382) Earnings

3008

NT$3,110.00

LARGAN PrecisionLtd

7D

16.3%

1Y

30.9%

Improved Earnings Required Before LARGAN Precision Co.,Ltd (TWSE:3008) Stock's 25% Jump Looks Justified

Jun 25
Improved Earnings Required Before LARGAN Precision Co.,Ltd (TWSE:3008) Stock's 25% Jump Looks Justified

2618

NT$34.95

EVA Airways

7D

-9.2%

1Y

-13.3%

EVA Airways (TWSE:2618) Has Announced That It Will Be Increasing Its Dividend To NT$1.80

Jun 24
EVA Airways (TWSE:2618) Has Announced That It Will Be Increasing Its Dividend To NT$1.80

3045

NT$102.00

Taiwan Mobile

7D

-8.5%

1Y

8.1%

Taiwan Mobile (TWSE:3045) Will Pay A Dividend Of NT$4.30

Jun 24
Taiwan Mobile (TWSE:3045) Will Pay A Dividend Of NT$4.30

2603

NT$177.50

Evergreen Marine Corporation (Taiwan)

7D

-6.8%

1Y

70.7%

2882

NT$62.10

Cathay Financial Holding

7D

6.7%

1Y

42.4%

Cathay Financial Holding (TWSE:2882) Is Paying Out A Larger Dividend Than Last Year

Jun 17
Cathay Financial Holding (TWSE:2882) Is Paying Out A Larger Dividend Than Last Year

2308

NT$408.50

Delta Electronics

7D

6.7%

1Y

13.6%

2615

NT$76.80

Wan Hai Lines

7D

-9.4%

1Y

43.3%