堤維西 1522 - 成長能力 - 財務分析

理想的成長型公司, 本業EPS的成長幅度會大於營收的成長幅度
營收到某個數字後, 本業EPS呈現不成比例的增加, 有可能是規模經濟的效應
如果是有淡旺季的公司, 是否有淡季不淡, 旺季更旺的情況
漲很多的股票要留意 EPS 較上季是否有大幅衰退的情況
如果EPS衰退，要觀察同業是不是有一樣的狀況
要留意增資減資和公司債對股本及EPS的影響

成長能力-近20季

	加權平均股數 QoQ YoY	EPS QoQ YoY			本業EPS QoQ YoY			累計EPS QoQ YoY			營收 QoQ YoY			毛利率(%) QoQ YoY			營業利益率 QoQ YoY			稅後淨利率 QoQ YoY			營業利益 QoQ YoY			稅後淨利 QoQ YoY			稅前淨利率(%) QoQ YoY			稅後淨利率(%) QoQ YoY			兩季平均(YOY)營收成長率(%)	兩季平均(YOY)EPS成長率(%)	兩季平均(YOY)本業EPS成長率(%)
23Q4 (20)	312	0.80	-32.2	81.82	1.58	69.89	102.56	3.31	31.87	13.75	48.02	-3.26	-2.5	30.55	13.82	23.48	11.61	29.43	67.05	5.41	-30.99	78.55	5.58	25.39	63.16	2.5	-32.25	83.82	6.55	-38.09	36.74	5.41	-30.99	78.55	0.07	20.66	42.35
23Q3 (19)	312	1.18	73.53	24.21	0.93	14.81	830.0	2.51	88.72	1.21	49.64	3.4	6.32	26.84	6.0	30.8	8.97	22.04	395.58	7.84	30.45	14.62	4.45	26.06	429.76	3.69	35.16	23.83	10.58	36.69	40.69	7.84	30.45	14.62	2.67	39.08	-0.40
23Q2 (18)	312	0.68	4.62	6.25	0.81	-15.62	47.27	1.33	104.62	-12.5	48.01	1.93	-4.1	25.32	3.39	17.99	7.35	-11.45	50.0	6.01	29.53	28.42	3.53	-9.72	44.08	2.73	35.82	21.88	7.74	24.44	30.08	6.01	29.53	28.42	-1.22	26.17	3.73
23Q1 (17)	312	0.65	47.73	-26.14	0.96	23.08	182.35	0.65	-77.66	-26.14	47.1	-4.37	2.24	24.49	-1.01	20.94	8.30	19.42	78.11	4.64	53.14	-28.51	3.91	14.33	81.86	2.01	47.79	-26.91	6.22	29.85	-25.24	4.64	53.14	-28.51	0.56	-2.98	351.54
22Q4 (16)	312	0.44	-53.68	12.82	0.78	680.0	225.0	2.91	17.34	369.35	49.25	5.48	14.35	24.74	20.57	33.08	6.95	283.98	198.28	3.03	-55.7	0.0	3.42	307.14	242.0	1.36	-54.36	11.48	4.79	-36.3	40.06	3.03	-55.7	0.0	-0.62	-2.62	299.09
22Q3 (15)	312	0.95	48.44	4650.0	0.10	-81.82	0.0	2.48	63.16	978.26	46.69	-6.73	13.24	20.52	-4.38	23.91	1.81	-63.06	44.8	6.84	46.15	2180.0	0.84	-65.71	64.71	2.98	33.04	4866.67	7.52	26.39	1075.0	6.84	46.15	2180.0	0.96	10.58	-10.03
22Q2 (14)	312	0.64	-27.27	1700.0	0.55	61.76	129.17	1.52	72.73	623.81	50.06	8.66	19.85	21.46	5.98	21.31	4.90	5.15	92.91	4.68	-27.89	11800.0	2.45	13.95	131.13	2.24	-18.55	1823.08	5.95	-28.49	1252.27	4.68	-27.89	11800.0	7.81	49.19	51.72
22Q1 (13)	312	0.88	125.64	252.0	0.34	41.67	-5.56	0.88	41.94	252.0	46.07	6.97	16.07	20.25	8.93	2.38	4.66	100.0	8.12	6.49	114.19	170.42	2.15	115.0	25.73	2.75	125.41	252.56	8.32	143.27	140.46	6.49	114.19	170.42	5.71	987.82	90.84
21Q4 (12)	312	0.39	1850.0	2.63	0.24	140.0	2300.0	0.62	169.57	-26.19	43.07	4.46	13.61	18.59	12.26	0.54	2.33	86.4	90.98	3.03	910.0	-17.89	1.0	96.08	117.39	1.22	1933.33	3.39	3.42	434.38	-18.76	3.03	910.0	-17.89	1.58	1000.00	40.84
21Q3 (11)	312	0.02	150.0	-92.86	0.10	-58.33	-28.57	0.23	9.52	-50.0	41.23	-1.29	7.82	16.56	-6.39	-15.29	1.25	-50.79	-60.19	0.30	850.0	-88.24	0.51	-51.89	-57.5	0.06	146.15	-93.18	0.64	45.45	-85.05	0.30	850.0	-88.24	1.98	17.00	-45.83
21Q2 (10)	312	-0.04	-116.0	-100.0	0.24	-33.33	340.0	0.21	-16.0	16.67	41.77	5.24	40.59	17.69	-10.57	-9.97	2.54	-41.07	409.76	-0.04	-101.67	91.49	1.06	-38.01	541.67	-0.13	-116.67	-116.67	0.44	-87.28	1000.0	-0.04	-101.67	91.49	4.97	-75.11	1733.34
21Q1 (9)	312	0.25	-34.21	25.0	0.36	3500.0	9.09	0.25	-70.24	25.0	39.69	4.7	2.82	19.78	6.98	-7.48	4.31	253.28	33.44	2.40	-34.96	47.24	1.71	271.74	36.8	0.78	-33.9	25.81	3.46	-17.81	60.93	2.40	-34.96	47.24	1.92	0.75	1703.57
20Q4 (8)	312	0.38	35.71	11.76	0.01	-92.86	-98.36	0.84	82.61	-62.33	37.91	-0.86	-9.22	18.49	-5.42	-24.03	1.22	-61.15	-77.74	3.69	44.71	50.0	0.46	-61.67	-79.91	1.18	34.09	9.26	4.21	-1.64	19.94	3.69	44.71	50.0	13.93	767.86	73.57
20Q3 (7)	312	0.28	1500.0	-33.33	0.14	240.0	-78.46	0.46	155.56	-75.53	38.24	28.71	-13.54	19.55	-0.51	-19.94	3.14	482.93	-48.86	2.55	642.55	-12.37	1.2	600.0	-55.88	0.88	1566.67	-32.82	4.28	10600.0	-4.89	2.55	642.55	-12.37	2.84	695.00	54.85
20Q2 (6)	312	-0.02	-110.0	-102.53	-0.10	-130.3	-116.95	0.18	-10.0	-87.67	29.71	-23.03	-35.33	19.65	-8.09	-12.67	-0.82	-125.39	-113.49	-0.47	-128.83	-107.81	-0.24	-119.2	-108.6	-0.06	-109.68	-102.43	0.04	-98.14	-99.46	-0.47	-128.83	-107.81	-15.30	-75.59	-88.10
20Q1 (5)	312	0.20	-41.18	-70.15	0.33	-45.9	-45.9	0.20	-91.03	-70.15	38.6	-7.57	-11.2	21.38	-12.16	-10.02	3.23	-41.06	-49.13	1.63	-33.74	-65.25	1.25	-45.41	-54.71	0.62	-42.59	-70.48	2.15	-38.75	-68.29	1.63	-33.74	-65.25	-	-	0.00
19Q4 (4)	312	0.34	-19.05	0.0	0.61	-6.15	0.0	2.23	18.62	0.0	41.76	-5.58	0.0	24.34	-0.33	0.0	5.48	-10.75	0.0	2.46	-15.46	0.0	2.29	-15.81	0.0	1.08	-17.56	0.0	3.51	-22.0	0.0	2.46	-15.46	0.0	-	-	0.00
19Q3 (3)	312	0.42	-46.84	0.0	0.65	10.17	0.0	1.88	28.77	0.0	44.23	-3.72	0.0	24.42	8.53	0.0	6.14	0.99	0.0	2.91	-51.66	0.0	2.72	-2.51	0.0	1.31	-46.96	0.0	4.50	-39.76	0.0	2.91	-51.66	0.0	-	-	0.00
19Q2 (2)	312	0.79	17.91	0.0	0.59	-3.28	0.0	1.46	117.91	0.0	45.94	5.68	0.0	22.50	-5.3	0.0	6.08	-4.25	0.0	6.02	28.36	0.0	2.79	1.09	0.0	2.47	17.62	0.0	7.47	10.18	0.0	6.02	28.36	0.0	-	-	0.00
19Q1 (1)	312	0.67	0.0	0.0	0.61	0.0	0.0	0.67	0.0	0.0	43.47	0.0	0.0	23.76	0.0	0.0	6.35	0.0	0.0	4.69	0.0	0.0	2.76	0.0	0.0	2.1	0.0	0.0	6.78	0.0	0.0	4.69	0.0	0.0	-	-	0.00

年/月	營收	月增率(%)	去年同期年增率(%)	累計營收	累計營收年增率(%)	近三月累計營收	存貨銷售比	備註(年增率變動50%需說明原因)
2024/3	16.04	-2.95	-5.29	51.01	8.71	51.01	N/A	-
2024/2	16.53	-10.38	10.26	34.97	16.63	49.53	N/A	-
2024/1	18.44	26.65	23.0	18.44	23.0	49.98	N/A	-
2023/12	14.56	-14.25	-8.22	192.65	0.41	48.13	1.09	-
2023/11	16.98	2.37	5.01	178.08	1.19	50.04	1.05	-
2023/10	16.59	0.65	-2.71	161.1	0.8	51.27	1.02	-
2023/9	16.48	-9.48	0.85	144.52	1.22	49.55	1.06	-
2023/8	18.2	22.43	19.25	128.04	1.27	49.03	1.07	-
2023/7	14.87	-6.82	-1.45	109.84	-1.19	48.28	1.09	-
2023/6	15.96	-8.57	-9.39	94.97	-1.15	48.05	1.13	-
2023/5	17.45	19.24	7.45	79.01	0.69	49.03	1.1	-
2023/4	14.64	-13.56	-9.63	61.55	-1.07	46.56	1.16	-
2023/3	16.93	12.98	-2.93	46.92	1.94	46.92	1.19	-
2023/2	14.99	-0.03	9.39	29.98	4.92	45.85	1.22	-
2023/1	14.99	-5.49	0.8	14.99	0.8	47.03	1.19	-
2022/12	15.87	-1.88	9.72	191.85	15.83	49.09	1.22	-
2022/11	16.17	-5.15	8.05	175.99	16.41	49.56	1.21	-
2022/10	17.05	4.35	24.6	159.82	17.33	48.65	1.23	-
2022/9	16.34	7.02	13.69	142.77	16.52	46.69	1.41	-
2022/8	15.27	1.16	15.22	126.43	16.9	47.97	1.38	-
2022/7	15.09	-14.33	9.99	111.17	17.13	48.95	1.35	-
2022/6	17.61	8.43	22.07	96.08	18.34	50.06	1.15	-
2022/5	16.24	0.27	19.23	78.46	17.53	49.89	1.16	-
2022/4	16.2	-7.15	19.12	62.22	17.09	47.35	1.22	-
2022/3	17.45	27.33	21.29	46.02	16.4	46.02	1.24	-
2022/2	13.7	-7.88	15.03	28.58	13.6	43.04	1.33	-
2022/1	14.87	2.86	12.31	14.87	12.31	44.3	1.29	-
2021/12	14.46	-3.37	13.06	165.63	15.05	43.11	1.29	-
2021/11	14.96	9.37	21.39	151.17	15.25	43.02	1.3	-
2021/10	13.68	-4.77	7.84	136.2	14.61	41.3	1.35	-
2021/9	14.37	8.46	16.79	122.52	15.42	41.34	1.3	-
2021/8	13.25	-3.42	5.13	108.15	15.24	41.39	1.3	-
2021/7	13.72	-4.92	3.9	94.91	16.81	41.77	1.29	-
2021/6	14.43	5.91	18.16	81.19	19.31	41.65	1.18	-
2021/5	13.62	0.18	43.39	66.76	19.56	41.6	1.18	-
2021/4	13.6	-5.46	68.94	53.14	14.68	39.89	1.23	去年同期因全球新冠肺炎疫情影響，以致比較基期較低。
2021/3	14.38	20.76	13.5	39.54	3.27	39.54	1.15	-
2021/2	11.91	-10.06	-5.12	25.15	-1.78	37.94	1.2	-
2021/1	13.24	3.55	1.42	13.24	1.42	38.36	1.19	-
2020/12	12.79	3.74	-6.27	143.95	-17.92	37.8	1.16	-
2020/11	12.33	-2.83	-6.28	131.16	-18.9	37.32	1.18	-
2020/10	12.69	3.12	-15.02	118.84	-20.02	37.59	1.17	-
2020/9	12.3	-2.37	-11.9	106.15	-20.58	38.11	1.11	-
2020/8	12.6	-4.54	-14.63	93.85	-21.59	38.01	1.11	-
2020/7	13.2	8.12	-14.85	81.25	-22.57	34.91	1.21	-
2020/6	12.21	28.52	-14.79	68.04	-23.91	29.76	1.52	-
2020/5	9.5	18.03	-38.34	55.83	-25.64	30.22	1.5	-
2020/4	8.05	-36.48	-50.57	46.33	-22.37	33.28	1.36	四月營收衰退主要因新冠肺炎疫情全球擴散，造成歐美多地封城、停工，導致需求急速下滑所致。
2020/3	12.67	0.94	-17.64	38.28	-11.78	38.28	1.21	-
2020/2	12.55	-3.85	3.48	25.61	-8.57	39.26	1.18	-
2020/1	13.06	-4.3	-17.78	13.06	-17.78	39.86	1.16	-
2019/12	13.65	3.73	1.83	175.39	5.53	41.73	1.12	-
2019/11	13.15	-11.89	-7.62	161.74	5.86	42.05	1.11	-
2019/10	14.93	6.89	-3.66	148.59	7.24	43.66	1.07	-
2019/9	13.97	-5.39	13.38	133.66	8.62	44.23	1.1	-
2019/8	14.76	-4.79	3.83	119.69	8.09	44.6	1.1	-
2019/7	15.51	8.19	8.32	104.93	8.71	45.24	1.08	-
2019/6	14.33	-6.98	12.37	89.43	8.78	46.02	1.04	-
2019/5	15.41	-5.38	2.87	75.09	8.12	0.0	N/A	-
2019/4	16.29	5.83	39.47	59.69	9.57	0.0	N/A	-

成長能力-近10年

	加權平均股數 YoY	EPS YoY		本業EPS YoY		營收 YoY		毛利率(%) YoY		營業利益率 YoY		稅後淨利率 YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2023 (10)	312	3.30	13.79	4.28	141.81	192.78	0.37	26.81	23.09	9.06	96.1	6.00	14.94	17.47	96.96	15.04	18.61	10.93	17.15
2022 (9)	312	2.90	367.74	1.77	88.3	192.07	15.87	21.78	20.07	4.62	78.38	5.22	265.03	8.87	106.76	12.68	285.41	9.33	383.42
2021 (8)	312	0.62	-26.19	0.94	141.03	165.77	14.75	18.14	-8.29	2.59	40.76	1.43	-27.78	4.29	61.28	3.29	-19.36	1.93	-26.62
2020 (7)	312	0.84	-62.16	0.39	-84.15	144.46	-17.64	19.78	-16.65	1.84	-69.44	1.98	-51.23	2.66	-74.81	4.08	-58.54	2.63	-62.16
2019 (6)	312	2.22	11.56	2.46	37.43	175.4	5.52	23.73	7.13	6.02	61.83	4.06	11.23	10.56	70.6	9.84	43.86	6.95	11.56
2018 (5)	312	1.99	-5.69	1.79	75.49	166.22	3.47	22.15	1.51	3.72	12.39	3.65	-8.29	6.19	16.35	6.84	-21.65	6.23	-5.61
2017 (4)	312	2.11	-33.23	1.02	-56.96	160.64	0.66	21.82	-10.98	3.31	-49.7	3.98	-39.42	5.32	-49.38	8.73	-32.79	6.6	-33.13
2016 (3)	312	3.16	30.04	2.37	56.95	159.59	6.08	24.51	11.82	6.58	19.2	6.57	13.47	10.51	26.63	12.99	15.98	9.87	30.04
2015 (2)	312	2.43	48.17	1.51	978.57	150.45	7.78	21.92	18.74	5.52	121.69	5.79	30.11	8.3	138.51	11.2	37.09	7.59	48.24
2014 (1)	312	1.64	720.0	0.14	-80.28	139.59	-15.38	18.46	0	2.49	0	4.45	0	3.48	-25.48	8.17	164.4	5.12	712.7