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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies2162
  • 7D4.3%
  • 3M14.1%
  • 1Y30.9%
  • YTD25.9%

The market has climbed 4.3% in the last 7 days, lead by the Information Technology sector with a gain of 6.0%. The market is up 31% 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
Wed, 19 Jun 2024NT$80.0tNT$41.4tNT$3.2t22.9x25.1x1.9x
Fri, 17 May 2024NT$74.8tNT$41.5tNT$3.1t22.7x24.3x1.8x
Sun, 14 Apr 2024NT$73.2tNT$41.0tNT$2.9t23.5x25.1x1.8x
Tue, 12 Mar 2024NT$69.5tNT$41.1tNT$2.8t22.2x24.8x1.7x
Thu, 08 Feb 2024NT$63.9tNT$41.1tNT$2.8t21.2x23.2x1.6x
Sat, 06 Jan 2024NT$61.8tNT$41.2tNT$2.8t21.1x21.9x1.5x
Mon, 04 Dec 2023NT$61.5tNT$41.0tNT$2.8t21.3x21.9x1.5x
Wed, 01 Nov 2023NT$56.4tNT$41.8tNT$2.9t18.6x19.1x1.4x
Fri, 29 Sep 2023NT$57.6tNT$42.0tNT$3.1t19.4x18.8x1.4x
Sun, 27 Aug 2023NT$57.7tNT$41.8tNT$3.0t19.2x19x1.4x
Tue, 25 Jul 2023NT$59.8tNT$43.0tNT$3.3t18.8x17.9x1.4x
Thu, 22 Jun 2023NT$60.3tNT$42.9tNT$3.4t18.8x17.6x1.4x
Sat, 20 May 2023NT$56.8tNT$43.3tNT$3.7t16.9x15.3x1.3x
Mon, 17 Apr 2023NT$56.1tNT$43.3tNT$4.0t16.7x14.1x1.3x
Wed, 15 Mar 2023NT$53.8tNT$44.0tNT$4.4t15x12.3x1.2x
Fri, 10 Feb 2023NT$54.5tNT$44.3tNT$4.6t14.1x11.9x1.2x
Sun, 08 Jan 2023NT$50.3tNT$44.2tNT$4.5t13.3x11.2x1.1x
Tue, 06 Dec 2022NT$52.2tNT$44.0tNT$4.5t13.6x11.6x1.2x
Thu, 03 Nov 2022NT$45.7tNT$44.3tNT$4.7t13.1x9.8x1x
Sat, 01 Oct 2022NT$47.9tNT$43.9tNT$4.5t13.5x10.6x1.1x
Mon, 29 Aug 2022NT$53.4tNT$44.3tNT$4.6t14.8x11.7x1.2x
Wed, 27 Jul 2022NT$51.3tNT$43.7tNT$4.6t14.3x11.2x1.2x
Fri, 24 Jun 2022NT$52.4tNT$43.5tNT$4.5t14.4x11.7x1.2x
Sun, 22 May 2022NT$55.8tNT$43.8tNT$4.5t14.9x12.3x1.3x
Tue, 19 Apr 2022NT$58.4tNT$42.7tNT$4.4t16.3x13.4x1.4x
Thu, 17 Mar 2022NT$58.6tNT$42.6tNT$4.1t16.2x14.2x1.4x
Sat, 12 Feb 2022NT$63.2tNT$42.1tNT$4.1t17.2x15.5x1.5x
Mon, 10 Jan 2022NT$62.8tNT$41.8tNT$4.0t17.2x15.8x1.5x
Wed, 08 Dec 2021NT$61.3tNT$41.8tNT$4.0t16.8x15.4x1.5x
Fri, 05 Nov 2021NT$58.8tNT$40.9tNT$3.7t16.6x16x1.4x
Sun, 03 Oct 2021NT$56.8tNT$40.7tNT$3.6t16.1x15.9x1.4x
Tue, 31 Aug 2021NT$59.8tNT$40.7tNT$3.6t16.8x16.7x1.5x
Wed, 07 Jul 2021NT$60.5tNT$40.7tNT$3.6t17.1x16.9x1.5x
Price to Earnings Ratio

16.9x


Total Market Cap: NT$60.5tTotal Earnings: NT$3.6tTotal Revenue: NT$40.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16.3x202220232024
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 25.1x which is higher than its 3-year average PE of 16.3x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 3.8% 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 Market4.26%
Tech6.04%
Utilities2.78%
Industrials2.52%
Healthcare2.00%
Telecom1.55%
Consumer Staples1.47%
Financials1.39%
Materials0.24%
Consumer Discretionary0.049%
Real Estate-0.22%
Energy-1.36%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 139x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 48.5% 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 13.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 48% 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 5.6% 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$943.006.8%
+NT$1.6t		61.7%PE28.5xTech
2317 Hon Hai Precision IndustryNT$198.5010.0%
+NT$249.5b		76.4%PE18.2xTech
2454 MediaTekNT$1.41k10.6%
+NT$214.9b		103.3%PE24.4xTech
2382 Quanta ComputerNT$291.006.0%
+NT$63.6b		100.7%PE24.8xTech
3008 LARGAN PrecisionLtdNT$2.64k19.2%
+NT$56.7b		22.2%PE17xTech
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Market Insights

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Finding Healthy Companies Within Healthcare

Richard Bowman avatar
Richard Bowman
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5 comments

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Continue reading

Why The Healthcare Sector Has Been Underperforming
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