聯華食 1231 - 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 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)	247	0.0	10.27	1.92	186.57	62.71	0.61	-21.79	-50.81	3.93	95.52	1.03	28.64	2.47	-4.85	20.59	-3.7	-12.9	2.46	0.0	-34.22	4.74	185.54	78.87	19.91	152.99	80.51	16.55	179.09	88.07	8.98	129.18	10.02
23Q3 (19)	247	0.0	10.27	0.67	71.79	-35.58	0.78	41.82	-16.13	2.01	50.0	-25.83	27.95	15.5	0.18	21.38	4.75	-4.77	2.46	47.31	-13.07	1.66	71.13	-28.45	7.87	47.93	-22.99	5.93	47.15	-28.55	1.37	4.65	4.86
23Q2 (18)	247	10.27	10.27	0.39	-62.5	-43.48	0.55	-32.1	-31.25	1.34	28.85	-19.76	24.2	-12.76	-1.18	20.41	-5.77	-10.56	1.67	-33.47	-31.84	0.97	-58.19	-37.42	5.32	-47.84	-35.98	4.03	-51.91	-36.23	-10.30	-37.18	-33.39
23Q1 (17)	224	0.0	10.89	1.04	-11.86	-4.59	0.81	-34.68	-8.99	1.04	-73.26	-4.59	27.74	-7.84	9.9	21.66	-8.38	-9.67	2.51	-32.89	-9.06	2.32	-12.45	5.45	10.20	-7.52	-6.51	8.38	-4.77	-3.79	0.02	0.80	-0.68
22Q4 (16)	224	0.0	10.89	1.18	13.46	-11.28	1.24	33.33	29.17	3.89	43.54	-3.47	30.1	7.89	17.39	23.64	5.3	2.74	3.74	32.16	24.25	2.65	14.22	-1.49	11.03	7.93	-15.35	8.80	6.02	-16.27	10.90	32.09	24.79
22Q3 (15)	224	0.0	10.89	1.04	50.72	4.0	0.93	16.25	10.71	2.71	62.28	0.37	27.9	13.92	15.15	22.45	-1.62	-6.54	2.83	15.51	9.27	2.32	49.68	14.85	10.22	22.98	-1.83	8.30	31.33	0.12	5.47	7.01	3.07
22Q2 (14)	224	10.89	22.4	0.69	-36.7	-18.82	0.80	-10.11	53.85	1.67	53.21	-10.7	24.49	-2.97	13.54	22.82	-4.84	4.25	2.45	-11.23	48.48	1.55	-29.55	-0.64	8.31	-23.83	-6.63	6.32	-27.44	-12.71	-2.27	-27.38	-8.70
22Q1 (13)	202	0.0	10.38	1.09	-18.05	6.86	0.89	-7.29	23.61	1.09	-72.95	6.86	25.24	-1.56	6.32	23.98	4.22	2.0	2.76	-8.31	24.89	2.2	-18.22	17.02	10.91	-16.27	11.33	8.71	-17.13	10.39	2.13	7.47	3.50
21Q4 (12)	202	0.0	10.38	1.33	33.0	-2.21	0.96	14.29	17.07	4.03	49.26	7.75	25.64	5.82	9.95	23.01	-4.2	0.39	3.01	16.22	15.77	2.69	33.17	8.03	13.03	25.17	-1.06	10.51	26.78	-1.96	9.07	25.32	37.91
21Q3 (11)	202	10.38	10.38	1.00	17.65	-6.54	0.84	61.54	29.23	2.70	44.39	13.45	24.23	12.33	1.72	24.02	9.73	10.13	2.59	56.97	22.75	2.02	29.49	2.54	10.41	16.97	0.58	8.29	14.5	0.36	1.59	0.49	16.88
21Q2 (10)	183	0.0	0.0	0.85	-16.67	10.39	0.52	-27.78	23.81	1.87	83.33	43.85	21.57	-9.14	7.53	21.89	-6.89	8.85	1.65	-25.34	22.22	1.56	-17.02	10.64	8.90	-9.18	3.85	7.24	-8.24	2.84	-3.67	-20.84	-19.99
21Q1 (9)	183	0.0	4.57	1.02	-25.0	82.14	0.72	-12.2	71.43	1.02	-72.73	82.14	23.74	1.8	13.16	23.51	2.57	14.74	2.21	-15.0	67.42	1.88	-24.5	91.84	9.80	-25.59	63.06	7.89	-26.4	69.31	-0.15	1.05	6.97
20Q4 (8)	183	0.0	4.57	1.36	27.1	9.68	0.82	26.15	0.0	3.74	57.14	24.67	23.32	-2.1	2.6	22.92	5.09	-7.54	2.6	23.22	1.96	2.49	26.4	15.28	13.17	27.25	12.09	10.72	29.78	12.84	8.32	33.03	40.45
20Q3 (7)	183	0.0	4.57	1.07	38.96	78.33	0.65	54.76	62.5	2.38	83.08	35.23	23.82	18.74	9.92	21.81	8.45	6.13	2.11	56.3	72.95	1.97	39.72	87.62	10.35	20.77	75.42	8.26	17.33	71.01	7.17	38.23	27.38
20Q2 (6)	183	4.57	10.24	0.77	37.5	37.5	0.42	0.0	27.27	1.30	132.14	6.56	20.06	-4.39	-1.23	20.11	-1.85	0.45	1.35	2.27	20.54	1.41	43.88	51.61	8.57	42.6	41.19	7.04	51.07	53.04	-6.04	-8.67	-24.39
20Q1 (5)	175	0.0	5.42	0.56	-54.84	-15.15	0.42	-48.78	40.0	0.56	-81.33	-15.15	20.98	-7.7	-0.94	20.49	-17.35	-2.15	1.32	-48.24	30.69	0.98	-54.63	-10.91	6.01	-48.85	-6.97	4.66	-50.95	-10.73	-	-	0.00
19Q4 (4)	175	0.0	0.0	1.24	106.67	0.0	0.82	105.0	0.0	3.00	70.45	0.0	22.73	4.89	0.0	24.79	20.63	0.0	2.55	109.02	0.0	2.16	105.71	0.0	11.75	99.15	0.0	9.50	96.69	0.0	-	-	0.00
19Q3 (3)	175	5.42	0.0	0.60	7.14	0.0	0.40	21.21	0.0	1.76	44.26	0.0	21.67	6.7	0.0	20.55	2.65	0.0	1.22	8.93	0.0	1.05	12.9	0.0	5.90	-2.8	0.0	4.83	5.0	0.0	-	-	0.00
19Q2 (2)	166	0.0	0.0	0.56	-15.15	0.0	0.33	10.0	0.0	1.22	84.85	0.0	20.31	-4.11	0.0	20.02	-4.39	0.0	1.12	10.89	0.0	0.93	-15.45	0.0	6.07	-6.04	0.0	4.60	-11.88	0.0	-	-	0.00
19Q1 (1)	166	0.0	0.0	0.66	0.0	0.0	0.30	0.0	0.0	0.66	0.0	0.0	21.18	0.0	0.0	20.94	0.0	0.0	1.01	0.0	0.0	1.1	0.0	0.0	6.46	0.0	0.0	5.22	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	9.08	2.71	-9.26	29.05	4.74	29.05	N/A	-
2024/2	8.84	-20.57	19.47	19.97	12.65	31.59	N/A	-
2024/1	11.13	-4.19	7.77	11.13	7.77	31.03	N/A	-
2023/12	11.62	40.43	-8.77	108.53	0.74	28.64	0.54	-
2023/11	8.27	-5.38	-4.81	96.91	2.02	24.98	0.62	-
2023/10	8.74	9.82	0.87	88.64	2.71	27.13	0.57	-
2023/9	7.96	-23.59	-3.58	79.89	2.91	27.95	0.59	-
2023/8	10.42	8.9	6.74	71.93	3.69	28.18	0.59	-
2023/7	9.57	16.79	-3.1	61.51	3.19	25.69	0.64	-
2023/6	8.19	3.29	-0.26	51.94	4.44	24.2	0.73	-
2023/5	7.93	-1.84	-2.74	43.75	5.37	26.02	0.68	-
2023/4	8.08	-19.26	-0.47	35.82	7.36	25.49	0.69	-
2023/3	10.01	35.24	23.51	27.74	9.88	27.74	0.56	-
2023/2	7.4	-28.35	7.26	17.73	3.43	30.47	0.51	-
2023/1	10.33	-18.9	0.85	10.33	0.85	31.76	0.49	-
2022/12	12.74	46.53	19.81	107.73	13.18	30.1	0.51	-
2022/11	8.69	0.27	16.21	94.99	12.35	25.62	0.6	-
2022/10	8.67	4.97	15.18	86.3	11.97	26.69	0.58	-
2022/9	8.26	-15.41	16.91	77.63	11.63	27.9	0.58	-
2022/8	9.76	-1.14	9.96	69.37	11.03	27.85	0.58	-
2022/7	9.88	20.22	19.09	59.61	11.2	26.25	0.62	-
2022/6	8.21	0.72	11.28	49.73	9.76	24.49	0.59	-
2022/5	8.16	0.44	12.75	41.52	9.46	24.38	0.59	-
2022/4	8.12	0.19	16.68	33.36	8.69	23.12	0.63	-
2022/3	8.1	17.45	14.86	25.24	6.35	25.24	0.54	-
2022/2	6.9	-32.63	-4.0	17.14	2.75	27.77	0.49	-
2022/1	10.24	-3.66	7.86	10.24	7.86	28.35	0.48	-
2021/12	10.63	42.12	15.4	95.18	7.94	25.64	0.5	-
2021/11	7.48	-0.61	6.51	84.55	7.07	22.07	0.58	-
2021/10	7.53	6.54	6.26	77.07	7.12	23.47	0.55	-
2021/9	7.06	-20.44	1.71	69.54	7.22	24.23	0.56	-
2021/8	8.88	7.06	-1.36	62.48	7.88	24.55	0.56	-
2021/7	8.29	12.34	5.31	53.6	9.58	22.91	0.6	-
2021/6	7.38	2.05	7.86	45.31	10.4	21.57	0.65	-
2021/5	7.23	3.94	7.13	37.93	10.91	21.25	0.66	-
2021/4	6.96	-1.36	7.66	30.69	11.84	21.2	0.66	-
2021/3	7.05	-1.84	0.77	23.74	13.13	23.74	0.51	-
2021/2	7.19	-24.3	39.55	16.68	19.31	25.89	0.46	-
2021/1	9.49	3.06	7.51	9.49	7.51	25.73	0.47	-
2020/12	9.21	31.18	1.04	88.17	2.65	23.32	0.54	-
2020/11	7.02	-0.84	5.5	78.96	2.85	21.05	0.6	-
2020/10	7.08	1.99	1.82	71.94	2.59	23.03	0.55	-
2020/9	6.94	-22.85	18.44	64.86	2.68	23.82	0.56	-
2020/8	9.0	14.3	14.05	57.91	1.07	23.72	0.56	-
2020/7	7.87	15.06	-0.51	48.91	-1.0	21.47	0.62	-
2020/6	6.84	1.36	-1.24	41.04	-1.09	20.06	0.7	-
2020/5	6.75	4.46	-2.92	34.19	-1.06	20.21	0.69	-
2020/4	6.46	-7.67	0.54	27.44	-0.59	18.61	0.75	-
2020/3	7.0	35.93	10.82	20.98	-0.94	20.98	0.66	-
2020/2	5.15	-41.68	-10.12	13.98	-5.94	23.1	0.6	-
2020/1	8.83	-3.13	-3.32	8.83	-3.32	24.6	0.56	-
2019/12	9.12	36.97	14.93	85.89	5.81	22.73	0.67	-
2019/11	6.66	-4.3	-1.41	76.77	4.82	19.47	0.78	-
2019/10	6.96	18.64	6.19	70.12	5.46	20.71	0.73	-
2019/9	5.86	-25.7	-13.85	63.16	5.38	21.67	0.63	-
2019/8	7.89	-0.29	1.06	57.3	7.84	22.74	0.6	-
2019/7	7.91	14.21	3.57	49.41	9.01	21.8	0.62	-
2019/6	6.93	-0.35	13.15	41.49	10.11	20.31	0.56	-
2019/5	6.95	8.19	14.7	34.56	9.53	0.0	N/A	-
2019/4	6.43	1.76	20.74	27.61	8.29	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 YoY		稅前淨利 YoY		稅後淨利 YoY
2023 (10)	247	10.27	3.93	1.29	2.74	-29.02	108.53	0.74	21.03	-9.43	9.1	-22.75	12.02	9.67	9.7	11.24
2022 (9)	224	10.89	3.88	-3.72	3.86	26.97	107.73	13.19	23.22	0.35	11.78	24.52	10.96	8.41	8.72	7.13
2021 (8)	202	10.38	4.03	8.04	3.04	31.03	95.18	7.95	23.14	8.13	9.46	28.01	10.11	18.66	8.14	18.83
2020 (7)	183	4.57	3.73	24.75	2.32	24.73	88.17	2.65	21.40	-1.11	7.39	25.25	8.52	30.08	6.85	30.73
2019 (6)	175	5.42	2.99	-8.0	1.86	-5.1	85.89	5.81	21.64	-1.23	5.9	-4.84	6.55	-3.39	5.24	-3.32
2018 (5)	166	3.75	3.25	28.46	1.96	40.0	81.17	15.45	21.91	6.57	6.2	42.2	6.78	36.97	5.42	33.5
2017 (4)	160	4.58	2.53	-17.32	1.40	-6.67	70.31	4.66	20.56	-3.93	4.36	-10.29	4.95	-15.67	4.06	-13.62
2016 (3)	153	3.38	3.06	26.97	1.50	36.36	67.18	4.06	21.40	5.99	4.86	37.68	5.87	34.02	4.7	31.65
2015 (2)	148	0.0	2.41	60.67	1.10	46.67	64.56	9.55	20.19	-3.95	3.53	55.51	4.38	65.91	3.57	60.09
2014 (1)	148	12.12	1.50	-42.08	0.75	-21.87	58.93	9.39	21.02	0	2.27	-30.37	2.64	-38.75	2.23	-34.99