興農 1712 - 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)	420	0.49	-16.95	-10.91	0.56	14.29	-25.33	2.50	23.76	-36.22	45.18	-7.7	-10.18	26.75	2.61	-3.81	2.94	0.68	-35.24	2.05	-17.0	-12.02	5.84	-13.86	-20.65	4.52	-11.2	-1.74	-0.37	-14.45	3.37
23Q3 (19)	420	0.59	-11.94	-53.17	0.49	-7.55	-52.43	2.02	41.26	-40.06	48.95	6.97	-16.28	26.07	-7.94	-12.52	2.92	-7.3	-46.72	2.47	-11.79	-53.31	6.78	-16.81	-38.42	5.09	-16.97	-44.07	-1.85	-11.89	-20.65
23Q2 (18)	420	0.67	-11.84	-31.63	0.53	-33.75	-44.79	1.43	88.16	-32.23	45.76	-10.68	-24.89	28.32	2.28	2.39	3.15	-26.57	-37.99	2.8	-12.5	-32.04	8.15	1.37	-4.0	6.13	-2.54	-9.72	-4.42	13.17	-13.54
23Q1 (17)	420	0.76	38.18	-32.74	0.80	6.67	-13.04	0.76	-80.61	-32.74	51.23	1.85	-15.64	27.69	-0.43	0.8	4.29	-5.51	-18.13	3.2	37.34	-32.77	8.04	9.24	-20.24	6.29	36.74	-20.18	-6.06	-9.09	-10.25
22Q4 (16)	420	0.55	-56.35	19.57	0.75	-27.18	108.33	3.92	16.32	79.0	50.3	-13.97	12.3	27.81	-6.68	-1.9	4.54	-17.15	122.55	2.33	-55.95	21.35	7.36	-33.15	34.55	4.60	-49.45	8.49	-9.00	-13.89	-9.95
22Q3 (15)	420	1.26	28.57	103.23	1.03	7.29	71.67	3.37	59.72	94.8	58.47	-4.02	26.83	29.80	7.74	4.56	5.48	7.87	71.25	5.29	28.4	103.46	11.01	29.68	55.29	9.10	34.02	59.09	-1.85	7.65	5.82
22Q2 (14)	420	0.98	-13.27	92.16	0.96	4.35	74.55	2.11	86.73	90.09	60.92	0.31	28.85	27.66	0.69	-0.65	5.08	-3.05	81.43	4.12	-13.45	90.74	8.49	-15.77	52.42	6.79	-13.83	45.71	17.95	66.19	79.95
22Q1 (13)	420	1.13	145.65	88.33	0.92	155.56	41.54	1.13	-48.4	88.33	60.73	35.59	25.76	27.47	-3.1	0.88	5.24	156.86	53.22	4.76	147.92	88.14	10.08	84.28	52.27	7.88	85.85	48.96	16.38	59.92	57.78
21Q4 (12)	420	0.46	-25.81	58.62	0.36	-40.0	111.76	2.19	26.59	28.82	44.79	-2.84	11.95	28.35	-0.53	11.05	2.04	-36.25	158.23	1.92	-26.15	56.1	5.47	-22.85	64.76	4.24	-25.87	39.02	-2.67	-2.12	-15.46
21Q3 (11)	420	0.62	21.57	21.57	0.60	9.09	-6.25	1.73	55.86	22.7	46.1	-2.5	5.13	28.50	2.37	3.56	3.2	14.29	9.97	2.6	20.37	20.93	7.09	27.29	30.81	5.72	22.75	15.32	-2.29	3.29	-3.15
21Q2 (10)	420	0.51	-15.0	-40.0	0.55	-15.38	0.0	1.11	85.0	23.33	47.28	-2.09	7.19	27.84	2.24	-2.9	2.8	-18.13	-5.41	2.16	-14.62	-39.66	5.57	-15.86	-42.16	4.66	-11.91	-42.61	9.30	45.95	133.49
21Q1 (9)	420	0.60	106.9	1100.0	0.65	282.35	-1.52	0.60	-64.71	1100.0	48.29	20.69	3.03	27.23	6.66	5.38	3.42	332.91	9.97	2.53	105.69	1104.76	6.62	99.4	456.3	5.29	73.44	958.0	5.97	31.88	104.46
20Q4 (8)	420	0.29	-43.14	-29.27	0.17	-73.44	-62.22	1.70	20.57	6.25	40.01	-8.76	-1.33	25.53	-7.23	-4.85	0.79	-72.85	-62.91	1.23	-42.79	-28.49	3.32	-38.75	-31.97	3.05	-38.51	-28.24	-4.67	-41.57	-28.54
20Q3 (7)	420	0.51	-40.0	112.5	0.64	16.36	68.42	1.41	56.67	17.5	43.85	-0.59	2.38	27.52	-4.01	3.23	2.91	-1.69	34.1	2.15	-39.94	112.87	5.42	-43.72	47.68	4.96	-38.92	104.12	-3.24	780.00	-0.16
20Q2 (6)	420	0.85	1600.0	77.08	0.55	-16.67	41.03	0.90	1700.0	-6.25	44.11	-5.89	6.01	28.67	10.95	5.02	2.96	-4.82	43.0	3.58	1604.76	77.23	9.63	709.24	64.62	8.12	1524.0	66.39	4.85	756.10	15.00
20Q1 (5)	420	0.05	-87.8	-89.58	0.66	46.67	37.5	0.05	-96.88	-89.58	46.87	15.59	2.29	25.84	-3.69	0.78	3.11	46.01	24.4	0.21	-87.79	-89.5	1.19	-75.61	-77.96	0.50	-88.24	-88.61	-	-	0.00
19Q4 (4)	420	0.41	70.83	0.0	0.45	18.42	0.0	1.60	33.33	0.0	40.55	-5.32	0.0	26.83	0.64	0.0	2.13	-1.84	0.0	1.72	70.3	0.0	4.88	32.97	0.0	4.25	74.9	0.0	-	-	0.00
19Q3 (3)	420	0.24	-50.0	0.0	0.38	-2.56	0.0	1.20	25.0	0.0	42.83	2.93	0.0	26.66	-2.34	0.0	2.17	4.83	0.0	1.01	-50.0	0.0	3.67	-37.26	0.0	2.43	-50.2	0.0	-	-	0.00
19Q2 (2)	420	0.48	0.0	0.0	0.39	-18.75	0.0	0.96	100.0	0.0	41.61	-9.19	0.0	27.30	6.47	0.0	2.07	-17.2	0.0	2.02	1.0	0.0	5.85	8.33	0.0	4.88	11.16	0.0	-	-	0.00
19Q1 (1)	420	0.48	0.0	0.0	0.48	0.0	0.0	0.48	0.0	0.0	45.82	0.0	0.0	25.64	0.0	0.0	2.5	0.0	0.0	2.0	0.0	0.0	5.40	0.0	0.0	4.39	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	17.85	21.87	3.89	50.1	-2.22	50.1	N/A	-
2024/2	14.64	-16.81	-4.07	32.25	-5.3	46.9	N/A	-
2024/1	17.6	20.19	-6.3	17.6	-6.3	47.7	N/A	-
2023/12	14.65	-5.21	0.72	191.13	-17.05	45.18	0.64	-
2023/11	15.45	2.44	2.52	176.48	-18.25	49.14	0.59	-
2023/10	15.08	-18.91	-27.08	161.03	-19.81	49.54	0.59	-
2023/9	18.6	17.34	-2.89	145.95	-18.97	48.95	0.6	-
2023/8	15.85	9.37	-17.02	127.34	-20.89	45.04	0.65	-
2023/7	14.49	-1.36	-28.29	111.49	-21.41	44.75	0.66	-
2023/6	14.69	-5.55	-30.63	97.0	-20.26	45.76	0.63	-
2023/5	15.56	0.31	-20.87	82.3	-18.08	48.25	0.6	-
2023/4	15.51	-9.71	-22.74	66.74	-17.4	47.95	0.6	-
2023/3	17.18	12.51	-21.23	51.23	-15.63	51.23	0.6	-
2023/2	15.27	-18.74	-1.53	34.06	-12.5	48.6	0.63	-
2023/1	18.79	29.21	-19.76	18.79	-19.76	48.4	0.63	-
2022/12	14.54	-3.51	-4.06	230.43	23.58	50.3	0.67	-
2022/11	15.07	-27.14	2.84	215.89	26.02	54.91	0.62	-
2022/10	20.69	7.99	38.13	200.82	28.19	58.95	0.57	-
2022/9	19.16	0.26	28.07	180.13	27.14	58.47	0.57	-
2022/8	19.11	-5.47	25.8	160.97	27.03	60.5	0.55	-
2022/7	20.21	-4.58	26.69	141.87	27.2	61.06	0.54	-
2022/6	21.18	7.72	26.46	121.66	27.28	60.92	0.51	-
2022/5	19.66	-2.05	27.37	100.47	27.46	61.55	0.51	-
2022/4	20.08	-7.94	32.99	80.81	27.48	57.39	0.55	-
2022/3	21.81	40.66	20.7	60.73	25.76	60.73	0.54	-
2022/2	15.5	-33.79	8.06	38.92	28.78	54.08	0.61	-
2022/1	23.42	54.48	47.51	23.42	47.51	53.23	0.62	-
2021/12	15.16	3.43	12.56	186.46	6.64	44.79	0.73	-
2021/11	14.65	-2.14	11.79	171.3	6.14	44.59	0.73	-
2021/10	14.98	0.12	11.44	156.65	5.65	45.12	0.72	-
2021/9	14.96	-1.51	-1.8	141.67	5.07	46.1	0.5	-
2021/8	15.19	-4.81	8.1	126.71	5.94	47.89	0.49	-
2021/7	15.95	-4.75	9.48	111.53	5.66	48.14	0.48	-
2021/6	16.75	8.5	20.64	95.57	5.04	47.28	0.52	-
2021/5	15.44	2.26	4.81	78.82	2.23	48.6	0.5	-
2021/4	15.1	-16.45	-2.61	63.39	1.63	47.51	0.51	-
2021/3	18.07	25.92	2.21	48.29	3.03	48.29	0.5	-
2021/2	14.35	-9.61	3.17	30.22	3.53	43.69	0.55	-
2021/1	15.87	17.87	3.86	15.87	3.86	42.45	0.57	-
2020/12	13.47	2.73	-5.83	174.84	2.35	40.01	0.7	-
2020/11	13.11	-2.44	3.8	161.38	3.1	41.78	0.67	-
2020/10	13.44	-11.78	-1.31	148.27	3.04	42.72	0.65	-
2020/9	15.23	8.43	-2.57	134.83	3.5	43.85	0.59	-
2020/8	14.05	-3.59	-2.58	119.6	4.33	42.5	0.61	-
2020/7	14.57	4.95	14.02	105.55	5.32	43.18	0.6	-
2020/6	13.88	-5.74	10.96	90.98	4.05	44.11	0.58	-
2020/5	14.73	-4.97	1.99	77.1	2.9	47.91	0.54	-
2020/4	15.5	-12.3	5.76	62.37	3.12	47.08	0.55	-
2020/3	17.68	27.11	1.13	46.87	2.27	46.87	0.49	-
2020/2	13.91	-9.01	5.48	29.19	2.97	43.49	0.53	-
2020/1	15.28	6.86	0.8	15.28	0.8	42.21	0.55	-
2019/12	14.3	13.25	10.34	170.81	-5.8	40.55	0.68	-
2019/11	12.63	-7.26	-4.11	156.51	-7.04	41.88	0.66	-
2019/10	13.62	-12.9	-10.24	143.88	-7.29	43.67	0.63	-
2019/9	15.63	8.42	-3.4	130.27	-6.97	42.83	0.62	-
2019/8	14.42	12.84	-8.78	114.63	-7.44	39.71	0.67	-
2019/7	12.78	2.13	-5.84	100.21	-7.24	39.73	0.67	-
2019/6	12.51	-13.36	-15.16	87.43	-7.44	41.61	0.63	-
2019/5	14.44	-1.46	-30.95	74.92	-6.02	0.0	N/A	-
2019/4	14.66	-16.15	-10.29	60.48	2.84	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)	420	0.0	2.50	-36.22	2.39	-34.88	191.13	-17.06	27.20	-3.51	13.3	-34.64	13.81	-35.59	10.53	-36.18
2022 (9)	420	0.0	3.92	79.0	3.67	69.12	230.43	23.58	28.19	0.79	20.35	77.73	21.44	85.63	16.5	79.15
2021 (8)	420	0.0	2.19	28.82	2.17	7.96	186.46	6.65	27.97	3.94	11.45	17.08	11.55	35.72	9.21	28.63
2020 (7)	420	0.0	1.70	6.25	2.01	18.24	174.84	2.36	26.91	1.24	9.78	10.51	8.51	0.59	7.16	6.07
2019 (6)	420	0.24	1.60	-7.51	1.70	-8.11	170.81	-5.81	26.58	-1.74	8.85	-5.85	8.46	-5.26	6.75	-7.15
2018 (5)	419	8.55	1.73	23.57	1.85	9.47	181.34	4.92	27.05	-0.84	9.4	5.62	8.93	17.65	7.27	25.78
2017 (4)	386	11.24	1.40	2.94	1.69	49.56	172.84	6.11	27.28	-0.73	8.9	38.2	7.59	5.12	5.78	4.33
2016 (3)	347	1.17	1.36	52.81	1.13	-18.71	162.89	-8.14	27.48	4.25	6.44	-4.45	7.22	62.98	5.54	56.94
2015 (2)	343	2.08	0.89	-31.01	1.39	0.0	177.32	2.57	26.36	3.98	6.74	-8.42	4.43	-32.98	3.53	-30.37
2014 (1)	336	0.9	1.29	1.57	1.39	0.0	172.88	9.97	25.35	0	7.36	1.52	6.61	10.54	5.07	11.18