3645 達邁

EPS 年複合成長率: -0.35% (110-106)
營業利益年複合成長率: 1.22% (110-106)
本益比: 16.65
本益成長比: 13.648
總報酬本益比: 0.195
近四季EPS總合: 2.82 (0.92,0.41,0.63,0.58)
融資餘額佔股本比例：4.01%
融資使用率: 16.41%
近期收盤價: 46.95 (2022-05-17)
技術線型
股利政策 (現金股利有部份來自資本公積要注意，但是如果是只有很少比例是來自資本公積而且是有計劃性是可以的，因為這樣可以降低股東權益，提升ROE)

股價漲跌幅

	2022	2021	2020	2019	2018
達邁	8.0%	-24.0%	-20.0%	22.0%	-49.0%
0050	-15.06%	3.82%	50.48%	14.17%	-5.71%

營業毛利率,營業利益率,稅前淨利率,股東權益報酬率-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013
營業毛利率	31.98	37.62	25.56	35.64	32.85	29.44	28.13	28.84	23.63
營業利益率	16.33	20.72	8.54	20.96	19.05	16.44	14.03	17.47	10.72
折舊負擔比率	15.39	15.99	17.10	12.25	13.61	15.32	16.38	13.85	19.34
稅前淨利率	15.68	19.31	7.77	21.81	17.90	15.01	13.46	18.99	12.18
股東權益報酬率	10.36	13.38	3.74	15.85	12.39	9.81	7.07	11.70	5.12
資產報酬率	6.11	7.56	2.37	10.16	8.20	6.44	4.67	7.87	3.86
本業收入比	104.27	107.20	109.49	96.16	106.36	109.23	104.04	92.06	88.14
業外獲益比	-4.27	-7.20	-10.22	3.84	-6.36	-9.62	-4.04	7.94	11.86
無形資產佔淨值比	0.21	0.26	0.17	0.20	0.00	0.00	0.00	0.00	0.00

營業毛利率,營業利益率,稅前淨利率,股東權益報酬率-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1	17Q4	17Q3	17Q2
營業毛利率	34.36	32.05	30.15	29.46	36.39	37.29	39.18	40.54	32.06	19.01	29.06	28.07	25.66	39.81	39.69	28.40	35.11	30.38	34.60	29.20
營業利益率	20.97	14.03	15.96	14.32	20.86	19.93	23.05	23.56	14.81	3.97	9.84	12.64	6.96	19.15	26.53	15.36	22.38	18.09	21.50	11.98
稅前淨利率	22.19	13.50	16.68	12.70	19.54	18.78	21.74	20.82	14.48	2.16	8.96	12.42	6.73	20.15	27.07	19.34	20.08	16.33	21.01	13.74
本業收入比	94.48	104.00	96.30	112.00	106.84	105.31	105.51	113.54	101.85	188.89	110.26	101.61	103.70	95.05	97.62	79.13	111.71	110.53	102.56	86.54
業外獲益比	5.52	-4.00	4.63	-12.00	-6.84	-6.19	-6.30	-13.54	-1.85	-88.89	-10.26	-1.61	-3.70	4.95	1.79	20.87	-11.71	-10.53	-2.56	13.46

現金流量-近10年 (1.避開自由現金流量近3年都小於0的公司 2.營運現金流量要大於稅後淨利，除非受到應收帳款和存貨影響 3.營運現金流量不應該都是流出)

	2021	2020	2019	2018	2017	2016	2015	2014	2013
營運現金流量(百萬)	566	668	374	620	532	629	287	394	79
自由現金流量(百萬)	217	239	-619	-112	272	445	-55	-396	-159
稅後淨利(百萬)	303	359	107	395	290	217	160	238	99

現金流量-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1	17Q4	17Q3	17Q2
營運現金流量(百萬)	-30	145	132	126	163	271	149	94	154	153	116	68	37	221	47	194	159	260	37	87
自由現金流量(百萬)	-95	28	46	59	84	213	52	-36	9	-15	-54	-211	-339	-190	-79	129	28	178	-13	20
稅後淨利(百萬)	121	54	83	76	91	88	120	104	47	9	31	50	17	82	133	89	90	79	100	40

成長能力-近10年 (營業利益和稅後淨利成長率要大於營收成長率)

	2021	2020	2019	2018	2017	2016	2015	2014	2013
營收(百萬)	2391	2014	1760	2269	1933	1730	1471	1459	967
營業利益(百萬)	391	417	150	476	368	284	206	255	104
稅後淨利(百萬)	303	359	107	395	290	217	160	238	99
EPS(完全稀釋)	2.29	2.73	0.82	3.14	2.33	1.75	1.35	2.02	0.84
營收成長率(%)	18.72	14.43	-22.43	17.38	11.73	17.61	0.82	50.88	N/A
營業利益成長率(%)	-6.24	178.00	-68.49	29.35	29.58	37.86	-19.22	145.19	N/A
稅後淨利成長率(%)	-15.60	235.51	-72.91	36.21	33.64	35.62	-32.77	140.40	N/A
EPS成長率(%)	-16.12	232.93	-73.89	34.76	33.14	29.63	-33.17	140.48	N/A

成長能力-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1	17Q4	17Q3	17Q2
營收(百萬)	654	557	650	587	598	599	582	461	371	429	434	498	399	501	620	595	553	579	558	380
營業利益(百萬)	137	78	104	84	125	119	134	109	55	17	43	63	28	96	164	91	124	105	120	45
稅後淨利(百萬)	121	54	83	76	91	88	120	104	47	9	31	50	17	82	133	89	90	79	100	40
EPS(完全稀釋)	0.92	0.41	0.63	0.58	0.69	0.68	0.92	0.80	0.36	0.07	0.24	0.38	0.13	0.67	1.08	0.72	0.73	0.64	0.81	0.33
去年同期營收成長率(%)	9.36	-7.01	11.68	27.33	61.19	39.63	34.10	-7.43	-7.02	-14.37	-30.00	-16.30	-27.85	-13.47	11.11	56.58	-	-	-	-
去年同期營業利益成長率(%)	9.60	-34.45	-22.39	-22.94	127.27	600.00	211.63	73.02	96.43	-82.29	-73.78	-30.77	-77.42	-8.57	36.67	102.22	-	-	-	-
去年同期稅後淨利成長率(%)	32.97	-38.64	-30.83	-26.92	93.62	877.78	287.10	108.00	176.47	-89.02	-76.69	-43.82	-81.11	3.80	33.00	122.50	-	-	-	-
去年同期EPS成長率(%)	33.33	-39.71	-31.52	-27.50	91.67	871.43	283.33	110.53	176.92	-89.55	-77.78	-47.22	-82.19	4.69	33.33	118.18	-	-	-	-
較上季營收成長率(%)	17.41	-14.31	10.73	-1.84	-0.17	2.92	26.25	24.26	-13.52	-1.15	-12.85	24.81	-20.36	-19.19	4.20	7.59	-4.49	3.76	46.84	-
較上季營業利益成長率(%)	75.64	-25.00	23.81	-32.80	5.04	-11.19	22.94	98.18	223.53	-60.47	-31.75	125.00	-70.83	-41.46	80.22	-26.61	18.10	-12.50	166.67	-
較上季稅後淨利成長率(%)	124.07	-34.94	9.21	-16.48	3.41	-26.67	15.38	121.28	422.22	-70.97	-38.00	194.12	-79.27	-38.35	49.44	-1.11	13.92	-21.00	150.00	-
較上季EPS成長率(%)	124.39	-34.92	8.62	-15.94	1.47	-26.09	15.00	122.22	414.29	-70.83	-36.84	192.31	-80.60	-37.96	50.00	-1.37	14.06	-20.99	145.45	-

每月營收變化

年/月	月增率(%)	去年同期年增率(%)	累計營收年增率(%)	年/月	月增率(%)	去年同期年增率(%)	累計營收年增率(%)
2022/4	-9.82	7.84	9.1	2019/12	-8.82	11.94	-22.39
2022/3	8.51	11.46	9.5	2019/11	-4.66	-19.75	-24.28
2022/1~2	-5.89	8.5	8.49	2019/10	15.7	-24.67	-24.69
2021/12	14.95	4.63	18.73	2019/9	-16.43	-27.63	-24.7
2021/11	-1.65	-13.28	20.23	2019/8	8.5	-28.65	-24.36
2021/10	-15.15	-11.81	24.43	2019/7	2.52	-33.45	-23.67
2021/9	-5.53	-0.01	29.64	2019/6	-27.97	-30.16	-21.81
2021/8	3.76	15.74	34.84	2019/5	22.53	-1.79	-20.02
2021/7	7.61	20.66	38.48	2019/4	18.86	-16.57	-24.92
2021/6	1.07	44.38	42.31	2019/3	1.69	-31.46	-27.81
2021/5	4.9	62.24	41.89	2019/1~2	0.44	-25.8	-25.8
2021/4	-6.79	-6.15	37.55	2018/12	-34.64	-38.75	17.35
2021/3	2.21	51.18	61.25	2018/11	-10.5	-6.88	23.57
2021/1~2	0.39	66.95	66.95	2018/10	11.14	4.96	27.39
2020/12	-4.72	46.28	14.39	2018/9	-17.6	-9.82	30.58
2020/11	0.01	39.98	11.8	2018/8	1.2	17.04	37.64
2020/10	-3.8	33.44	9.04	2018/7	7.59	29.46	41.67
2020/9	9.35	60.5	6.25	2018/6	1.28	58.12	44.26
2020/8	8.17	22.64	0.31	2018/5	4.09	97.96	41.59
2020/7	28.77	23.02	-3.05	2018/4	-2.35	27.65	31.55
2020/6	13.57	-2.04	-7.27	2018/3	31.84	36.16	32.95
2020/5	-39.31	-37.88	-8.24	2018/1~2	-28.04	31.25	31.25
2020/4	50.14	25.43	2.14	2017/12	-0.63	44.5	11.73
2020/3	12.82	-0.69	-7.19	2017/11	0.88	24.21	8.99
2020/1~2	0.48	-10.51	-10.5	2017/10	-4.5	24.08	7.34

稅前淨利較去年同期

2022Q1(百萬)	2021Q1(百萬)	YoY(%)
145.0	117.0	23.931
2021Q4(百萬)	2020Q4(百萬)	YoY(%)
75.0	113.0	-33.62
2021Q3(百萬)	2020Q3(百萬)	YoY(%)
108.0	127.0	-14.96

EPS較上季

2022Q1(元)	2021Q4(元)	比率
0.92	0.41	1.2439

應收帳周轉率和存貨周轉率-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013
應收帳款周轉率	4.40	4.20	4.06	4.40	3.99	4.81	4.51	4.99	4.94
存貨周轉率	3.74	3.98	3.19	3.49	4.14	3.15	2.55	3.00	2.65

應收帳周轉率和存貨周轉率-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2
應收帳款周轉率	1.09	1.02	1.13	1.00	1.02	1.06	1.20	1.22	1.02	1.11	1.05	1.29
存貨周轉率	0.74	0.78	1.08	1.09	1.14	1.19	1.12	0.83	0.79	0.94	0.69	0.72

償債能力-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013
負債比	0.46	0.45	0.49	0.39	0.36	0.37	0.41	0.40	0.31
金融負債(百萬)	1681	1636	1839	966	806	900	1200	990	610
營收淨額(百萬)	2391	2014	1760	2269	1933	1730	1471	1459	967
利息保障倍數	13.41	14.06	9.64	44.33	27.25	14.95	11.26	21.81	11.61
長期銀行借款占稅後淨利比	3.96	3.26	11.55	1.30	1.71	2.38	5.06	2.98	4.98

成本指標-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013
營收淨額(百萬)	2391	2014	1760	2269	1933	1730	1471	1459	967
推銷費用(百萬)	42	38	42	47	45	49	47	42	25
管理費用(百萬)	112	123	91	104	91	85	72	69	70
研發費(百萬)	220	179	165	182	131	91	88	55	29
推銷費用率(%)	1.76	1.89	2.39	2.07	2.33	2.83	3.20	2.88	2.59
管理費用率(%)	4.68	6.11	5.17	4.58	4.71	4.91	4.89	4.73	7.24
研發費用率(%)	9.20	8.89	9.38	8.02	6.78	5.26	5.98	3.77	3.00

成本指標-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1	17Q4	17Q3	17Q2
營收淨額(百萬)	654	557	650	587	598	599	582	461	371	429	434	498	399	501	620	595	553	579	558	380
推銷費用(百萬)	11	12	10	9	11	10	10	9	9	10	11	12	9	14	11	10	11	13	10	12
管理費用(百萬)	30	31	28	27	28	28	36	34	26	21	25	23	21	29	28	25	22	22	25	21
研發費(百萬)	47	57	55	53	55	66	48	36	30	33	48	42	42	60	43	42	37	36	37	32
推銷費用率(%)	1.68	2.15	1.54	1.53	1.84	1.67	1.72	1.95	2.43	2.33	2.53	2.41	2.26	2.79	1.77	1.68	1.99	2.25	1.79	3.16
管理費用率(%)	4.59	5.57	4.31	4.60	4.68	4.67	6.19	7.38	7.01	4.90	5.76	4.62	5.26	5.79	4.52	4.20	3.98	3.80	4.48	5.53
研發費用率(%)	7.19	10.23	8.46	9.03	9.20	11.02	8.25	7.81	8.09	7.69	11.06	8.43	10.53	11.98	6.94	7.06	6.69	6.22	6.63	8.42

財務健檢燈號

公司	上市滿三年	資本額10億以上	股本形成中現金增資比率低於50%	負債比率低於50%	董監持股設質低於10%	現金(含約當現金)占股本超過50%	過去4季累積正營運現金流量	過去4季ROE超過25%	過去6個月的營收維持正的年成長率	過去4季的EPS年增率是正數
3645-達邁	O	O	X	O	X	X	O	X	X	X
	11年	13.09億	80.83%	44.5%	20.67%	28.33%	373百萬	16.0%

融資使用率

日期	股價	融資使用率
2022-05-17 -	46.95	16.41%
2022-05-16	46.25	16.32%
2022-05-13	46.5	15.94%
2022-05-12	46.2	15.54%
2022-05-11	47.45	16.46%
2022-05-10	51.0	17.11%
2022-05-09	52.9	17.42%
2022-05-06	58.6	19.05%
2022-05-05	58.9	18.96%
2022-05-04	56.6	19.72%
2022-05-03	57.7	19.21%
2022-04-29	55.5	20.24%
2022-04-28	53.0	18.78%
2022-04-27	53.1	18.28%
2022-04-26	55.0	18.93%
2022-04-25	56.5	20.29%
2022-04-22	61.1	23.42%
2022-04-21	61.3	22.39%
2022-04-20	61.0	21.74%
2022-04-19	58.2	20.10%
2022-04-18	54.2	20.64%
2022-04-15	57.6	21.49%
2022-04-14	58.2	21.40%
2022-04-13	57.3	19.87%
2022-04-12	55.2	17.09%
2022-04-11	55.5	16.61%
2022-04-08	56.1	16.96%
2022-04-07	54.5	15.77%
2022-04-06	59.5	16.67%
2022-04-01	60.3	15.68%
2022-03-31	60.6	17.44%
2022-03-30	60.0	19.29%
2022-03-29	58.0	18.96%
2022-03-28	58.4	19.07%
2022-03-25	56.3	17.40%
2022-03-24	57.2	19.19%
2022-03-23	55.4	16.05%
2022-03-22	52.9	13.36%
2022-03-21	49.0	11.71%
2022-03-18	45.85	10.99%
2022-03-17	44.55	11.10%
2022-03-16	43.85	11.05%
2022-03-15	43.9	11.12%
2022-03-14	45.85	11.46%
2022-03-11	46.8	11.72%
2022-03-10	47.4	11.90%
2022-03-09	47.0	11.93%
2022-03-08	45.35	12.02%
2022-03-07	45.6	11.85%
2022-03-04	49.0	11.96%
2022-03-03	49.9	11.74%
2022-03-02	50.1	11.64%
2022-03-01	50.6	11.26%
2022-02-25	46.05	11.65%
2022-02-24	46.0	11.69%
2022-02-23	49.1	11.88%
2022-02-22	45.75	11.30%
2022-02-21	46.35	11.47%
2022-02-18	45.8	11.80%
2022-02-17	46.15	11.72%
2022-02-16	47.75	12.24%
2022-02-15	46.5	12.39%
2022-02-14	45.5	12.32%
2022-02-11	45.35	12.00%
2022-02-10	43.9	11.58%
2022-02-09	42.6	11.74%
2022-02-08	42.15	11.76%
2022-02-07	41.9	11.82%
2022-01-26	40.75	11.92%
2022-01-25	40.5	12.28%
2022-01-24	41.45	12.36%
2022-01-21	42.15	12.53%
2022-01-20	43.9	12.29%
2022-01-19	44.9	12.35%
2022-01-18	43.2	12.28%
2022-01-17	42.4	12.51%
2022-01-14	42.05	12.53%
2022-01-13	42.65	12.53%
2022-01-12	42.8	12.56%
2022-01-11	42.9	12.56%
2022-01-10	43.35	12.60%
2022-01-07	43.1	12.73%
2022-01-06	44.25	12.60%
2022-01-05	43.75	12.48%
2022-01-04	43.75	12.53%
2022-01-03	43.4	12.55%
2021-12-30	43.25	12.63%
2021-12-29	42.45	12.62%
2021-12-28	42.1	12.60%
2021-12-27	42.35	12.60%
2021-12-24	42.5	12.62%
2021-12-23	43.7	12.71%
2021-12-22	42.45	12.97%
2021-12-21	41.85	12.96%
2021-12-20	41.5	12.97%
2021-12-17	41.4	12.97%
2021-12-16	41.9	12.88%
2021-12-15	41.4	12.88%
2021-12-14	41.25	12.84%
2021-12-13	42.15	12.91%
2021-12-10	42.0	13.00%
2021-12-09	42.4	13.17%
2021-12-08	42.95	13.41%
2021-12-07	41.8	13.64%
2021-12-06	42.25	13.55%
2021-12-03	42.65	13.46%
2021-12-02	42.7	13.51%
2021-12-01	43.6	13.49%
2021-11-30	42.9	13.34%
2021-11-29	41.8	12.77%
2021-11-26	42.55	12.64%
2021-11-25	43.2	12.77%
2021-11-24	43.15	11.79%
2021-11-23	42.55	11.82%
2021-11-22	43.5	11.87%
2021-11-19	42.75	11.84%
2021-11-18	44.5	11.93%
2021-11-17	45.8	11.99%
2021-11-16	43.85	10.95%
2021-11-15	41.4	10.43%
2021-11-12	40.6	10.20%
2021-11-11	40.8	10.18%
2021-11-10	41.1	10.17%
2021-11-09	41.5	10.19%
2021-11-08	41.55	10.18%
2021-11-05	41.7	10.24%
2021-11-04	41.7	10.20%
2021-11-03	41.5	10.20%
2021-11-02	40.75	10.15%
2021-11-01	41.65	9.92%
2021-10-29	40.75	9.99%
2021-10-28	40.9	9.98%
2021-10-27	40.6	9.93%
2021-10-26	40.6	9.99%
2021-10-25	40.6	9.97%
2021-10-22	40.3	10.00%
2021-10-21	40.6	9.96%
2021-10-20	40.95	9.91%
2021-10-19	40.95	9.88%
2021-10-18	40.3	9.79%
2021-10-15	39.75	9.72%
2021-10-14	38.95	9.74%
2021-10-13	38.85	9.65%
2021-10-12	39.7	9.65%
2021-10-08	41.05	9.47%
2021-10-07	40.1	9.56%
2021-10-06	38.75	9.68%
2021-10-05	39.2	9.79%
2021-10-04	38.4	9.88%
2021-10-01	39.65	10.01%
2021-09-30	41.0	9.96%
2021-09-29	40.3	9.98%
2021-09-28	41.1	9.99%
2021-09-27	41.4	9.98%
2021-09-24	41.5	9.94%
2021-09-23	41.7	9.91%
2021-09-22	40.7	9.82%
2021-09-17	42.5	9.65%
2021-09-16	42.6	9.67%
2021-09-15	42.65	9.63%
2021-09-14	42.7	9.56%
2021-09-13	42.7	9.60%
2021-09-10	43.0	9.54%
2021-09-09	42.6	9.44%
2021-09-08	42.25	9.40%
2021-09-07	42.4	9.41%
2021-09-06	42.4	9.50%
2021-09-03	44.2	9.56%
2021-09-02	43.35	9.53%
2021-09-01	44.05	9.51%
2021-08-31	44.05	9.46%
2021-08-30	43.9	9.40%
2021-08-27	43.7	9.34%
2021-08-26	43.5	9.23%
2021-08-25	43.5	8.98%
2021-08-24	42.45	8.90%
2021-08-23	41.0	9.00%
2021-08-20	39.55	9.13%
2021-08-19	39.9	9.16%
2021-08-18	41.55	9.00%
2021-08-17	41.15	9.55%
2021-08-16	42.25	9.57%
2021-08-13	42.65	9.93%
2021-08-12	45.5	10.70%
2021-08-11	47.6	10.56%
2021-08-10	48.4	10.73%
2021-08-09	49.9	10.75%
2021-08-06	50.6	10.77%
2021-08-05	50.9	10.80%
2021-08-04	51.2	10.71%
2021-08-03	50.4	11.18%
2021-08-02	51.5	12.53%
2021-07-30	51.4	12.54%
2021-07-29	51.9	12.69%
2021-07-28	51.5	12.77%
2021-07-27	53.1	13.02%
2021-07-26	54.7	13.14%
2021-07-23	52.8	13.07%
2021-07-22	52.1	13.22%
2021-07-21	50.7	13.46%
2021-07-20	51.5	13.41%
2021-07-19	53.8	12.89%
2021-07-16	53.8	11.86%
2021-07-15	51.6	11.48%
2021-07-14	52.0	11.46%
2021-07-13	51.2	11.57%
2021-07-12	50.6	11.89%
2021-07-09	51.0	11.71%
2021-07-08	50.0	11.76%
2021-07-07	50.2	12.01%
2021-07-06	51.2	12.09%
2021-07-05	52.3	12.05%
2021-07-02	50.6	11.95%
2021-07-01	49.6	12.26%
2021-06-30	50.0	12.65%
2021-06-29	49.6	12.71%
2021-06-28	50.0	12.77%
2021-06-25	50.1	12.71%
2021-06-24	50.2	12.70%
2021-06-23	49.35	12.86%
2021-06-22	48.75	12.88%
2021-06-21	49.65	13.26%
2021-06-18	50.1	13.28%
2021-06-17	50.5	13.27%
2021-06-16	50.0	12.98%
2021-06-15	49.85	12.85%
2021-06-11	47.25	11.92%
2021-06-10	48.3	11.93%
2021-06-09	45.95	11.48%
2021-06-08	46.0	11.56%
2021-06-07	45.2	11.53%
2021-06-04	46.3	11.50%
2021-06-03	46.85	11.54%
2021-06-02	46.7	11.87%
2021-06-01	47.45	11.87%
2021-05-31	47.0	11.87%
2021-05-28	45.4	11.59%
2021-05-27	44.8	11.69%
2021-05-26	44.5	11.92%
2021-05-25	44.45	11.93%