- 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
- 毛利率從谷底回升, 或許就是開始反轉的訊號
- 營益率代表著公司的經營效率
- 在不大幅舉債的前提下, ROE可以看出公司的經營品質
- 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
- 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
- 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
- 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
- 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
- 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
EPS QoQ YoY | 營業毛利率 QoQ YoY | 營業利益率 QoQ YoY | 稅前淨利率 QoQ YoY | 稅後淨利率 QoQ YoY | 股東權益報酬率 QoQ YoY | 資產報酬率 QoQ YoY | 總資產周轉率 QoQ YoY | EBITDA利潤率 QoQ YoY | 財務槓桿 QoQ YoY | 本業收入比 QoQ YoY | 業外獲益比 QoQ YoY | 用人費用率 QoQ YoY | |||||||||||||||||||||||||||
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22Q3 (20) | 0.63 | 40.0 | -53.33 | 28.60 | 23.81 | -9.38 | 3.23 | 150.39 | -67.11 | 7.61 | 24.75 | -53.28 | 6.13 | 33.26 | -57.1 | 1.32 | 40.43 | -57.56 | 0.92 | 43.75 | -48.6 | 0.11 | 0.0 | -8.33 | 15.02 | 16.8 | -36.68 | 93.29 | 0.42 | 14.2 | 41.94 | 92.9 | -30.11 | 58.06 | -25.81 | 45.16 | 13.55 | 0.15 | 9.72 |
22Q2 (19) | 0.45 | -61.54 | -69.8 | 23.10 | -19.79 | -26.55 | 1.29 | -84.38 | -88.54 | 6.10 | -58.59 | -62.9 | 4.60 | -63.95 | -66.79 | 0.94 | -61.94 | -71.43 | 0.64 | -56.76 | -67.68 | 0.11 | 0.0 | -21.43 | 12.86 | -42.28 | -43.6 | 92.90 | 21.71 | 8.1 | 21.74 | -61.59 | -68.09 | 78.26 | 80.34 | 145.45 | 13.53 | 9.2 | -9.07 |
22Q1 (18) | 1.17 | -39.69 | -49.35 | 28.80 | -15.96 | -18.94 | 8.26 | -44.15 | -54.57 | 14.73 | -25.79 | -36.26 | 12.76 | -24.54 | -36.86 | 2.47 | -42.56 | -49.8 | 1.48 | -39.84 | -51.79 | 0.11 | -21.43 | -26.67 | 22.28 | -14.11 | -23.23 | 76.33 | -5.54 | 21.51 | 56.60 | -24.81 | -27.32 | 43.40 | 67.92 | 105.15 | 12.39 | 9.36 | 16.78 |
21Q4 (17) | 1.94 | 43.7 | -28.68 | 34.27 | 8.59 | -4.91 | 14.79 | 50.61 | -25.49 | 19.85 | 21.85 | -17.87 | 16.91 | 18.33 | -20.09 | 4.30 | 38.26 | -29.39 | 2.46 | 37.43 | -34.4 | 0.14 | 16.67 | -17.65 | 25.94 | 9.36 | -12.66 | 80.81 | -1.08 | 20.34 | 75.28 | 25.47 | -8.16 | 25.84 | -35.39 | 43.31 | 11.33 | -8.26 | 22.09 |
21Q3 (16) | 1.35 | -9.4 | -40.53 | 31.56 | 0.35 | -9.15 | 9.82 | -12.79 | -42.84 | 16.29 | -0.91 | -25.92 | 14.29 | 3.18 | -25.69 | 3.11 | -5.47 | -40.99 | 1.79 | -9.6 | -45.43 | 0.12 | -14.29 | -29.41 | 23.72 | 4.04 | -14.21 | 81.69 | -4.95 | 22.57 | 60.00 | -11.91 | -23.5 | 40.00 | 25.45 | 85.45 | 12.35 | -17.0 | 13.2 |
21Q2 (15) | 1.49 | -35.5 | -36.05 | 31.45 | -11.48 | -12.27 | 11.26 | -38.06 | -37.89 | 16.44 | -28.86 | -32.12 | 13.85 | -31.47 | -35.1 | 3.29 | -33.13 | -37.33 | 1.98 | -35.5 | -43.91 | 0.14 | -6.67 | -12.5 | 22.80 | -21.43 | -26.62 | 85.94 | 36.8 | 39.49 | 68.12 | -12.54 | -9.18 | 31.88 | 50.72 | 27.54 | 14.88 | 40.25 | 23.18 |
21Q1 (14) | 2.31 | -15.07 | -12.5 | 35.53 | -1.42 | -5.4 | 18.18 | -8.41 | -7.24 | 23.11 | -4.39 | 0.52 | 20.21 | -4.49 | -2.88 | 4.92 | -19.21 | -15.61 | 3.07 | -18.13 | -25.12 | 0.15 | -11.76 | -21.05 | 29.02 | -2.29 | -0.14 | 62.82 | -6.45 | 33.77 | 77.88 | -4.98 | -8.6 | 21.15 | 17.31 | 43.1 | 10.61 | 14.33 | -15.66 |
20Q4 (13) | 2.72 | 19.82 | -2.51 | 36.04 | 3.74 | 7.04 | 19.85 | 15.54 | 7.65 | 24.17 | 9.91 | 11.28 | 21.16 | 10.04 | 7.36 | 6.09 | 15.56 | -4.84 | 3.75 | 14.33 | -15.54 | 0.17 | 0.0 | -22.73 | 29.70 | 7.41 | 9.88 | 67.15 | 0.75 | 41.58 | 81.97 | 4.51 | -2.76 | 18.03 | -16.39 | 21.22 | 9.28 | -14.94 | -10.68 |
20Q3 (12) | 2.27 | -2.58 | -9.2 | 34.74 | -3.1 | 4.51 | 17.18 | -5.24 | -3.75 | 21.99 | -9.21 | 1.48 | 19.23 | -9.89 | -2.19 | 5.27 | 0.38 | -12.17 | 3.28 | -7.08 | -21.72 | 0.17 | 6.25 | -19.05 | 27.65 | -11.01 | 1.47 | 66.65 | 8.18 | 42.96 | 78.43 | 4.58 | -4.82 | 21.57 | -13.73 | 22.6 | 10.91 | -9.69 | 1.58 |
20Q2 (11) | 2.33 | -11.74 | 25.95 | 35.85 | -4.55 | 23.83 | 18.13 | -7.5 | 29.41 | 24.22 | 5.35 | 41.22 | 21.34 | 2.55 | 36.1 | 5.25 | -9.95 | 19.05 | 3.53 | -13.9 | 6.97 | 0.16 | -15.79 | -20.0 | 31.07 | 6.92 | 38.03 | 61.61 | 31.2 | 26.09 | 75.00 | -11.99 | -8.85 | 25.00 | 69.12 | 31.67 | 12.08 | -3.97 | 2.46 |
20Q1 (10) | 2.64 | -5.38 | 59.04 | 37.56 | 11.55 | 37.33 | 19.60 | 6.29 | 53.61 | 22.99 | 5.85 | 46.62 | 20.81 | 5.58 | 47.28 | 5.83 | -8.91 | 49.49 | 4.10 | -7.66 | 29.34 | 0.19 | -13.64 | -13.64 | 29.06 | 7.51 | 41.0 | 46.96 | -0.99 | 77.48 | 85.22 | 1.09 | 3.99 | 14.78 | -0.63 | -18.13 | 12.58 | 21.08 | 17.24 |
19Q4 (9) | 2.79 | 11.6 | 36.76 | 33.67 | 1.29 | 17.93 | 18.44 | 3.31 | 22.77 | 21.72 | 0.23 | 21.34 | 19.71 | 0.25 | 19.31 | 6.40 | 6.67 | 26.98 | 4.44 | 5.97 | 7.77 | 0.22 | 4.76 | -12.0 | 27.03 | -0.81 | 22.53 | 47.43 | 1.74 | 88.66 | 84.30 | 2.29 | 0.46 | 14.88 | -15.44 | -7.56 | 10.39 | -3.26 | 19.15 |
19Q3 (8) | 2.50 | 35.14 | 28.87 | 33.24 | 14.82 | 18.54 | 17.85 | 27.41 | 15.46 | 21.67 | 26.36 | 22.64 | 19.66 | 25.38 | 17.09 | 6.00 | 36.05 | 19.28 | 4.19 | 26.97 | 3.46 | 0.21 | 5.0 | -12.5 | 27.25 | 21.06 | 27.28 | 46.62 | -4.58 | 107.85 | 82.41 | 0.16 | -5.82 | 17.59 | -7.35 | 40.74 | 10.74 | -8.91 | 7.83 |
19Q2 (7) | 1.85 | 11.45 | 17.09 | 28.95 | 5.85 | -7.95 | 14.01 | 9.8 | -13.52 | 17.15 | 9.37 | -12.05 | 15.68 | 10.97 | -2.67 | 4.41 | 13.08 | 6.01 | 3.30 | 4.1 | -3.79 | 0.20 | -9.09 | -4.76 | 22.51 | 9.22 | -2.39 | 48.86 | 84.66 | 70.96 | 82.28 | 0.41 | -2.05 | 18.99 | 5.16 | 9.54 | 11.79 | 9.88 | 25.03 |
19Q1 (6) | 1.66 | -18.63 | -26.22 | 27.35 | -4.2 | -14.5 | 12.76 | -15.05 | -32.24 | 15.68 | -12.4 | -29.72 | 14.13 | -14.47 | -26.1 | 3.90 | -22.62 | -27.91 | 3.17 | -23.06 | -31.83 | 0.22 | -12.0 | -8.33 | 20.61 | -6.57 | -18.34 | 26.46 | 5.25 | 71.71 | 81.94 | -2.34 | -2.5 | 18.06 | 12.2 | 13.15 | 10.73 | 23.05 | 1.71 |
18Q4 (5) | 2.04 | 5.15 | -0.49 | 28.55 | 1.82 | -15.56 | 15.02 | -2.85 | -21.93 | 17.90 | 1.3 | -18.75 | 16.52 | -1.61 | -11.09 | 5.04 | 0.2 | -0.79 | 4.12 | 1.73 | -5.07 | 0.25 | 4.17 | 8.7 | 22.06 | 3.04 | -14.4 | 25.14 | 12.08 | 36.19 | 83.91 | -4.11 | -3.79 | 16.09 | 28.74 | 25.81 | 8.72 | -12.45 | -17.81 |
18Q3 (4) | 1.94 | 22.78 | 0.0 | 28.04 | -10.84 | 0.0 | 15.46 | -4.57 | 0.0 | 17.67 | -9.38 | 0.0 | 16.79 | 4.22 | 0.0 | 5.03 | 20.91 | 0.0 | 4.05 | 18.08 | 0.0 | 0.24 | 14.29 | 0.0 | 21.41 | -7.16 | 0.0 | 22.43 | -21.52 | 0.0 | 87.50 | 4.17 | 0.0 | 12.50 | -27.88 | 0.0 | 9.96 | 5.62 | 0.0 |
18Q2 (3) | 1.58 | -29.78 | 0.0 | 31.45 | -1.69 | 0.0 | 16.20 | -13.97 | 0.0 | 19.50 | -12.6 | 0.0 | 16.11 | -15.74 | 0.0 | 4.16 | -23.11 | 0.0 | 3.43 | -26.24 | 0.0 | 0.21 | -12.5 | 0.0 | 23.06 | -8.64 | 0.0 | 28.58 | 85.46 | 0.0 | 84.00 | -0.05 | 0.0 | 17.33 | 8.62 | 0.0 | 9.43 | -10.62 | 0.0 |
18Q1 (2) | 2.25 | 9.76 | 0.0 | 31.99 | -5.38 | 0.0 | 18.83 | -2.13 | 0.0 | 22.31 | 1.27 | 0.0 | 19.12 | 2.91 | 0.0 | 5.41 | 6.5 | 0.0 | 4.65 | 7.14 | 0.0 | 0.24 | 4.35 | 0.0 | 25.24 | -2.06 | 0.0 | 15.41 | -16.52 | 0.0 | 84.04 | -3.63 | 0.0 | 15.96 | 24.76 | 0.0 | 10.55 | -0.57 | 0.0 |
17Q4 (1) | 2.05 | 0.0 | 0.0 | 33.81 | 0.0 | 0.0 | 19.24 | 0.0 | 0.0 | 22.03 | 0.0 | 0.0 | 18.58 | 0.0 | 0.0 | 5.08 | 0.0 | 0.0 | 4.34 | 0.0 | 0.0 | 0.23 | 0.0 | 0.0 | 25.77 | 0.0 | 0.0 | 18.46 | 0.0 | 0.0 | 87.21 | 0.0 | 0.0 | 12.79 | 0.0 | 0.0 | 10.61 | 0.0 | 0.0 |
EPS YoY | 營業毛利率 YoY | 營業利益率 YoY | 折舊負擔比率 YoY | 稅前淨利率 YoY | 稅後淨利率 YoY | 股東權益報酬率 YoY | 資產報酬率 YoY | 總資產周轉率 YoY | EBITDA利潤率 YoY | 財務槓桿 YoY | 本業收入比 YoY | 業外獲益比 YoY | 無形資產佔總資產比 YoY | 用人費用率 YoY | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2021 (10) | 7.08 | -28.92 | 33.31 | -7.68 | 13.72 | -26.79 | 5.62 | 8.63 | 19.08 | -18.25 | 16.45 | -20.3 | 15.47 | -30.25 | 9.25 | -36.25 | 0.54 | -20.59 | 25.55 | -12.77 | 80.81 | 20.34 | 71.83 | -10.57 | 28.17 | 43.13 | 0.06 | 83.57 | 12.25 | 9.57 |
2020 (9) | 9.96 | 13.31 | 36.08 | 16.46 | 18.74 | 17.64 | 5.17 | 9.94 | 23.34 | 21.37 | 20.64 | 18.21 | 22.18 | 8.35 | 14.51 | -5.6 | 0.68 | -20.93 | 29.29 | 19.4 | 67.15 | 41.58 | 80.32 | -3.11 | 19.68 | 15.07 | 0.03 | -14.59 | 11.18 | 2.66 |
2019 (8) | 8.79 | 15.51 | 30.98 | 3.65 | 15.93 | -2.33 | 4.70 | 41.45 | 19.23 | -0.16 | 17.46 | 1.93 | 20.47 | 6.12 | 15.37 | -3.45 | 0.86 | -6.52 | 24.53 | 7.21 | 47.43 | 88.66 | 82.89 | -2.27 | 17.11 | 12.69 | 0.04 | -19.94 | 10.89 | 7.5 |
2018 (7) | 7.61 | 6.43 | 29.89 | -4.75 | 16.31 | -1.27 | 3.33 | 1.81 | 19.26 | -1.23 | 17.13 | 1.24 | 19.29 | -6.22 | 15.92 | -9.85 | 0.92 | -11.54 | 22.88 | -0.22 | 25.14 | 36.19 | 84.82 | 0.21 | 15.18 | -1.17 | 0.05 | 0 | 10.13 | -9.47 |
2017 (6) | 7.15 | -24.02 | 31.38 | -6.86 | 16.52 | -24.15 | 3.27 | 1.54 | 19.50 | -14.92 | 16.92 | -12.33 | 20.57 | -37.89 | 17.66 | -35.05 | 1.04 | -25.71 | 22.93 | -13.18 | 18.46 | 29.82 | 84.64 | -10.93 | 15.36 | 208.97 | 0.00 | 0 | 11.19 | 18.54 |
2016 (5) | 9.41 | 16.32 | 33.69 | 9.45 | 21.78 | 17.92 | 3.22 | 0.39 | 22.92 | 19.75 | 19.30 | 9.22 | 33.12 | -5.18 | 27.19 | 5.88 | 1.40 | -2.1 | 26.41 | 14.38 | 14.22 | -58.25 | 95.03 | -1.6 | 4.97 | 45.26 | 0.00 | 0 | 9.44 | 21.49 |
2015 (4) | 8.09 | 44.72 | 30.78 | 21.28 | 18.47 | 29.43 | 3.20 | 11.25 | 19.14 | 27.35 | 17.67 | 28.04 | 34.93 | 16.63 | 25.68 | 20.39 | 1.43 | -5.3 | 23.09 | 24.68 | 34.06 | -20.03 | 96.58 | 2.16 | 3.42 | -30.42 | 0.00 | 0 | 7.77 | 3.19 |
2014 (3) | 5.59 | -10.13 | 25.38 | -4.77 | 14.27 | -19.38 | 2.88 | 15.95 | 15.03 | -20.56 | 13.80 | -9.51 | 29.95 | 0 | 21.33 | 0 | 1.51 | 0 | 18.52 | -14.42 | 42.59 | -6.4 | 94.54 | 1.17 | 4.92 | -25.0 | 0.00 | 0 | 7.53 | 59.2 |
2013 (2) | 6.22 | 0 | 26.65 | 0 | 17.70 | 0 | 2.48 | 0 | 18.92 | 0 | 15.25 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 21.64 | 0 | 45.50 | 0 | 93.44 | 0 | 6.56 | 0 | 0.00 | 0 | 4.73 | 0 |