6261 久元

EPS 年複合成長率: 15.87% (110-106)
營業利益年複合成長率: 17.76% (110-106)
本益比: 8.3
本益成長比: 0.467
總報酬本益比: 2.9
近四季EPS總合: 9.11 (2.24,1.54,2.61,2.27)
融資餘額佔股本比例：2.26%
融資使用率: 9.02%
近期收盤價: 75.6 (2022-05-19)
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
久元	-10.0%	28.0%	-1.0%
0050	-15.78%	3.82%	50.48%

現價	可能漲跌幅 1	合理價(本益比法)	一年後目標價	報酬率	可能漲跌幅 2	合理價(ROE法)
75.6	17.14%	88.56	101.84	34.71%	N/A	N/A

合理價(本益比法): 從 "一年後目標價" 回推得到
可能漲跌幅 1: "合理價(本益比法)" 和 "現價" 的差距
報酬率: 一年後可能的報酬率
可能漲跌幅 2: "合理價(ROE法)" 和 "現價" 的差距
推估價格僅供參考, Please Do Your Own Research

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	2012
營業毛利率	38.79	32.15	25.61	26.44	27.17	26.53	26.73	30.50	27.53	29.09
營業利益率	26.69	19.70	13.09	14.12	16.75	16.35	14.42	17.70	15.34	16.96
折舊負擔比率	10.19	14.95	16.42	16.44	18.45	21.27	21.64	18.02	18.73	19.59
稅前淨利率	26.64	19.15	16.79	16.90	16.20	14.19	14.22	20.52	15.49	18.60
股東權益報酬率	16.69	8.57	7.07	7.26	8.17	6.62	7.02	12.36	8.45	11.40
資產報酬率	13.04	7.01	5.92	5.91	6.44	5.20	5.40	9.15	6.44	8.63
本業收入比	100.14	102.83	77.90	83.56	103.54	115.20	101.52	86.19	98.94	91.15
業外獲益比	-0.22	-2.83	22.10	16.44	-3.37	-15.20	-1.33	13.69	1.06	8.85
無形資產佔淨值比	0.37	0.49	0.63	0.68	0.00	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
營業毛利率	42.25	31.13	39.97	43.30	39.96	29.81	31.84	31.37	35.54	28.39	28.48	24.59	20.09	22.70	32.27	24.44	26.06
營業利益率	31.13	19.59	27.32	31.67	27.33	16.72	23.58	15.58	23.05	22.13	13.29	9.89	4.62	16.77	19.97	9.55	9.10
稅前淨利率	30.45	21.49	29.18	26.59	29.15	11.22	28.42	14.01	23.78	20.63	25.31	10.48	10.01	21.67	20.61	14.46	9.74
本業收入比	102.27	91.35	93.64	119.11	93.99	149.06	83.04	111.21	96.80	107.18	52.36	94.19	46.48	77.39	96.88	66.12	92.41
業外獲益比	-2.27	8.65	6.36	-19.11	6.31	-49.06	16.96	-11.21	3.20	-7.18	47.64	5.81	53.52	22.61	3.12	33.88	6.33

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	2012
營運現金流量(百萬)	1159	545	1289	792	942	1039	887	985	983	1564
自由現金流量(百萬)	948	92	1356	548	891	844	1003	66	-364	729
稅後淨利(百萬)	1080	530	403	461	516	443	477	731	497	618

現金流量-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1
營運現金流量(百萬)	546	548	343	109	159	-62	200	76	331	484	430	186	189	295	143	169	185
自由現金流量(百萬)	458	486	289	152	21	-61	38	-91	207	464	449	250	193	267	37	113	131
稅後淨利(百萬)	287	198	335	292	256	86	198	86	159	142	164	51	45	157	151	83	70

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	2012
營收(百萬)	5221	3504	3233	3491	3670	3616	3715	4091	3651	3706
營業利益(百萬)	1393	690	423	493	615	591	536	724	560	628
稅後淨利(百萬)	1080	530	403	461	516	443	477	731	497	618
EPS(完全稀釋)	8.27	4.08	3.10	3.53	3.96	3.40	3.65	5.71	3.95	0.00
營收成長率(%)	49.00	8.38	-7.39	-4.88	1.49	-2.66	-9.19	12.05	-1.48	N/A
營業利益成長率(%)	101.88	63.12	-14.20	-19.84	4.06	10.26	-25.97	29.29	-10.83	N/A
稅後淨利成長率(%)	103.77	31.51	-12.58	-10.66	16.48	-7.13	-34.75	47.08	-19.58	N/A
EPS成長率(%)	102.70	31.61	-12.18	-10.86	16.47	-6.85	-36.08	44.56	N/A	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
營收(百萬)	1300	1238	1401	1438	1144	947	809	827	922	944	753	823	714	918	929	836	807
營業利益(百萬)	405	243	383	455	313	158	191	129	212	209	100	81	33	154	186	80	73
稅後淨利(百萬)	287	198	335	292	256	86	198	86	159	142	164	51	45	157	151	83	70
EPS(完全稀釋)	2.24	1.54	2.61	2.27	1.99	0.67	1.54	0.67	1.24	1.10	1.28	0.40	0.35	1.22	1.17	0.65	0.54
去年同期營收成長率(%)	13.64	30.73	73.18	73.88	24.08	0.32	7.44	0.49	29.13	2.83	-18.95	-1.56	-11.52	0.00	0.00	0.00	-
去年同期營業利益成長率(%)	29.39	53.80	100.52	252.71	47.64	-24.40	91.00	59.26	542.42	35.71	-46.24	1.25	-54.79	0.00	0.00	0.00	-
去年同期稅後淨利成長率(%)	12.11	130.23	69.19	239.53	61.01	-39.44	20.73	68.63	253.33	-9.55	8.61	-38.55	-35.71	0.00	0.00	0.00	-
去年同期EPS成長率(%)	12.56	129.85	69.48	238.81	60.48	-39.09	20.31	67.50	254.29	-9.84	9.40	-38.46	-35.19	0.00	0.00	0.00	-
較上季營收成長率(%)	5.01	-11.63	-2.57	25.70	20.80	17.06	-2.18	-10.30	-2.33	25.37	-8.51	15.27	-22.22	-1.18	11.12	3.59	0.00
較上季營業利益成長率(%)	66.67	-36.55	-15.82	45.37	98.10	-17.28	48.06	-39.15	1.44	109.00	23.46	145.45	-78.57	-17.20	132.50	9.59	0.00
較上季稅後淨利成長率(%)	44.95	-40.90	14.73	14.06	197.67	-56.57	130.23	-45.91	11.97	-13.41	221.57	13.33	-71.34	3.97	81.93	18.57	0.00
較上季EPS成長率(%)	45.45	-41.00	14.98	14.07	197.01	-56.49	129.85	-45.97	12.73	-14.06	220.00	14.29	-71.31	4.27	80.00	20.37	0.00

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	-12.26	-14.38	4.88	2019/12	-18.26	0.85	-7.18
2022/3	17.35	7.55	13.45	2019/11	10.9	15.49	-7.88
2022/1~2	11.53	17.44	17.44	2019/10	13.77	-5.82	-10.31
2021/12	3.79	20.47	49.05	2019/9	13.82	-15.74	-10.89
2021/11	-10.02	25.4	52.11	2019/8	2.91	-20.05	-10.19
2021/10	-7.09	48.26	55.05	2019/7	-18.11	-20.78	-8.64
2021/9	7.01	79.4	55.83	2019/6	-0.1	9.86	-6.44
2021/8	-10.91	68.27	53.14	2019/5	16.43	-1.18	-9.54
2021/7	5.59	72.92	51.2	2019/4	-0.62	-12.09	-11.78
2021/6	1.14	77.26	47.65	2019/3	22.56	-12.98	-11.67
2021/5	-9.17	67.35	42.4	2019/1~2	-21.94	-10.92	-10.95
2021/4	10.13	76.97	36.71	2018/12	-6.71	-22.1	-4.92
2021/3	29.95	35.36	24.16	2018/11	-9.38	-6.02	-3.03
2021/1~2	8.49	17.49	17.58	2018/10	1.95	6.68	-2.71
2020/12	8.09	18.82	8.32	2018/9	7.86	14.69	-3.81
2020/11	6.49	-9.42	7.31	2018/8	1.95	-6.96	-6.03
2020/10	12.7	-5.84	9.53	2018/7	14.18	-11.81	-5.88
2020/9	0.19	-5.27	11.64	2018/6	-10.35	-21.14	-4.72
2020/8	-8.45	7.6	13.95	2018/5	3.6	-14.5	-0.81
2020/7	7.77	21.04	14.82	2018/4	-1.83	2.68	3.63
2020/6	-4.28	-7.95	13.86	2018/3	15.5	-0.75	3.96
2020/5	-4.06	-4.29	18.87	2018/1~2	-9.11	6.61	6.76
2020/4	-15.57	16.16	25.83	2017/12	12.46	38.96	1.52
2020/3	27.5	36.69	29.18	2017/11	2.78	7.4	-1.38
2020/1~2	-14.91	25.31	25.15	2017/10	9.48	0.55	-2.24

稅前淨利較去年同期

2022Q1(百萬)	2021Q1(百萬)	YoY(%)
396.0	333.0	18.918
2021Q4(百萬)	2020Q4(百萬)	YoY(%)
266.0	106.0	150.94
2021Q3(百萬)	2020Q3(百萬)	YoY(%)
409.0	230.0	77.826

EPS較上季

2022Q1(元)	2021Q4(元)	比率
2.24	1.54	0.4545

應收帳周轉率和存貨周轉率-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
應收帳款周轉率	4.17	3.28	3.03	3.02	3.30	3.44	3.55	4.21	3.84	4.34
存貨周轉率	4.31	4.50	4.57	4.83	5.81	5.69	4.87	5.60	6.64	7.04

應收帳周轉率和存貨周轉率-近20季


應收帳款周轉率
存貨周轉率

償債能力-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
負債比	0.23	0.22	0.17	0.22	0.21	0.26	0.24	0.28	0.29	0.23
金融負債(百萬)	272	427	450	739	769	1197	1116	1397	1252	0
營收淨額(百萬)	5221	3504	3233	3491	3670	3616	3715	4091	3651	3706
利息保障倍數	229.71	74.77	26.13	27.83	32.34	25.43	28.92	34.55	36.06	44.21
長期銀行借款占稅後淨利比	0.13	0.00	0.37	0.23	0.32	1.02	0.34	1.04	0.60	0.00

成本指標-近10年

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
營收淨額(百萬)	5221	3504	3233	3491	3670	3616	3715	4091	3651	3706
推銷費用(百萬)	144	102	112	135	110	88	89	115	87	92
管理費用(百萬)	235	114	194	173	163	135	162	186	171	115
研發費(百萬)	341	303	238	251	255	266	275	272	250	235
推銷費用率(%)	2.76	2.91	3.46	3.87	3.00	2.43	2.40	2.81	2.38	2.48
管理費用率(%)	4.50	3.25	6.00	4.96	4.44	3.73	4.36	4.55	4.68	3.10
研發費用率(%)	6.53	8.65	7.36	7.19	6.95	7.36	7.40	6.65	6.85	6.34

成本指標-近20季

	22Q1	21Q4	21Q3	21Q2	21Q1	20Q4	20Q3	20Q2	20Q1	19Q4	19Q3	19Q2	19Q1	18Q4	18Q3	18Q2	18Q1
營收淨額(百萬)	1300	1238	1401	1438	1144	947	809	827	922	944	753	823	714	918	929	836	807
推銷費用(百萬)	35	36	40	29	39	27	26	23	26	26	25	31	30	44	31	30	31
管理費用(百萬)	62	59	66	44	66	33	9	35	37	44	46	63	41	40	43	38	52
研發費(百萬)	87	73	87	96	85	74	76	80	72	68	64	61	45	75	61	56	59
推銷費用率(%)	2.69	2.91	2.86	2.02	3.41	2.85	3.21	2.78	2.82	2.75	3.32	3.77	4.20	4.79	3.34	3.59	3.84
管理費用率(%)	4.77	4.77	4.71	3.06	5.77	3.48	1.11	4.23	4.01	4.66	6.11	7.65	5.74	4.36	4.63	4.55	6.44
研發費用率(%)	6.69	5.90	6.21	6.68	7.43	7.81	9.39	9.67	7.81	7.20	8.50	7.41	6.30	8.17	6.57	6.70	7.31

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
6261-久元	O	O	O	O	O	O	O	X	X	O
	18年	12.85億	40.79%	23.2%	0.0%	240.62%	1546百萬	16.96%

融資使用率

日期	股價	融資使用率
2022-05-19 -	75.6	9.02%
2022-05-18	75.6	9.05%
2022-05-17	75.7	9.08%
2022-05-16	74.5	9.07%
2022-05-13	72.8	9.20%
2022-05-12	71.8	9.17%
2022-05-11	72.0	9.23%
2022-05-10	72.8	9.68%
2022-05-09	73.4	9.90%
2022-05-06	75.0	10.04%
2022-05-05	75.6	10.07%
2022-05-04	75.0	10.08%
2022-05-03	73.3	10.01%
2022-04-29	73.7	10.03%
2022-04-28	73.0	10.04%
2022-04-27	73.4	10.05%
2022-04-26	75.2	10.48%
2022-04-25	76.0	10.52%
2022-04-22	78.0	10.66%
2022-04-21	78.1	10.65%
2022-04-20	78.5	10.67%
2022-04-19	77.1	10.66%
2022-04-18	77.1	10.66%
2022-04-15	77.0	10.67%
2022-04-14	77.9	10.76%
2022-04-13	78.2	10.79%
2022-04-12	77.4	10.78%
2022-04-11	78.0	10.78%
2022-04-08	79.3	10.82%
2022-04-07	78.2	10.83%
2022-04-06	79.9	10.94%
2022-04-01	80.6	10.94%
2022-03-31	81.0	10.97%
2022-03-30	81.9	11.04%
2022-03-29	81.5	11.04%
2022-03-28	81.4	11.11%
2022-03-25	81.8	11.13%
2022-03-24	82.0	11.29%
2022-03-23	81.8	11.24%
2022-03-22	81.9	11.25%
2022-03-21	81.9	11.30%
2022-03-18	81.1	11.20%
2022-03-17	81.0	11.51%
2022-03-16	79.0	11.68%
2022-03-15	79.0	11.71%
2022-03-14	80.6	11.79%
2022-03-11	80.1	11.85%
2022-03-10	80.2	11.89%
2022-03-09	78.6	11.92%
2022-03-08	76.3	12.09%
2022-03-07	82.1	13.61%
2022-03-04	84.8	13.64%
2022-03-03	84.8	13.81%
2022-03-02	84.1	13.87%
2022-03-01	83.9	13.88%
2022-02-25	82.0	13.42%
2022-02-24	81.5	13.30%
2022-02-23	83.2	13.48%
2022-02-22	82.7	13.52%
2022-02-21	83.7	13.62%
2022-02-18	83.7	13.74%
2022-02-17	83.7	13.76%
2022-02-16	84.2	13.73%
2022-02-15	83.4	13.63%
2022-02-14	83.1	13.53%
2022-02-11	84.5	13.63%
2022-02-10	85.1	13.77%
2022-02-09	85.4	13.93%
2022-02-08	83.5	14.17%
2022-02-07	82.8	14.16%
2022-01-26	81.8	14.11%
2022-01-25	82.3	14.38%
2022-01-24	84.0	14.48%
2022-01-21	85.2	14.48%
2022-01-20	88.4	15.12%
2022-01-19	87.9	15.26%
2022-01-18	86.6	15.77%
2022-01-17	88.0	15.63%
2022-01-14	88.1	15.46%
2022-01-13	88.5	15.52%
2022-01-12	85.9	15.77%
2022-01-11	83.4	15.19%
2022-01-10	82.8	15.11%
2022-01-07	81.5	14.91%
2022-01-06	82.4	14.85%
2022-01-05	82.5	15.17%
2022-01-04	84.1	14.89%
2022-01-03	84.3	15.07%
2021-12-30	84.0	15.33%
2021-12-29	83.2	15.42%
2021-12-28	83.1	15.47%
2021-12-27	83.4	15.67%
2021-12-24	82.9	15.77%
2021-12-23	83.0	15.81%
2021-12-22	82.9	15.97%
2021-12-21	82.2	15.82%
2021-12-20	81.8	16.28%
2021-12-17	82.0	16.23%
2021-12-16	83.0	16.17%
2021-12-15	81.9	16.23%
2021-12-14	81.3	16.21%
2021-12-13	83.3	16.33%
2021-12-10	83.1	16.41%
2021-12-09	84.7	16.27%
2021-12-08	85.0	16.22%
2021-12-07	85.4	16.34%
2021-12-06	85.4	16.31%
2021-12-03	85.3	16.36%
2021-12-02	83.8	16.50%
2021-12-01	85.6	16.35%
2021-11-30	85.2	16.36%
2021-11-29	84.7	16.02%
2021-11-26	85.4	16.23%
2021-11-25	88.9	18.04%
2021-11-24	89.9	18.67%
2021-11-23	92.0	16.73%
2021-11-22	89.0	15.03%
2021-11-19	87.1	15.23%
2021-11-18	88.4	15.60%
2021-11-17	88.9	15.98%
2021-11-16	88.5	16.42%
2021-11-15	89.4	17.11%
2021-11-12	86.7	15.46%
2021-11-11	86.7	15.40%
2021-11-10	86.3	15.57%
2021-11-09	86.3	15.58%
2021-11-08	86.5	15.87%
2021-11-05	86.1	15.93%
2021-11-04	87.2	16.13%
2021-11-03	88.1	16.14%
2021-11-02	87.5	15.65%
2021-11-01	89.4	15.32%
2021-10-29	84.4	14.67%
2021-10-28	84.7	14.73%
2021-10-27	83.7	14.50%
2021-10-26	82.2	14.62%
2021-10-25	84.2	14.80%
2021-10-22	82.8	14.59%
2021-10-21	81.6	14.86%
2021-10-20	82.5	15.11%
2021-10-19	82.8	14.86%
2021-10-18	81.4	14.82%
2021-10-15	80.0	14.67%
2021-10-14	79.7	14.79%
2021-10-13	80.4	14.87%
2021-10-12	81.1	14.32%
2021-10-08	81.1	14.62%
2021-10-07	77.3	14.26%
2021-10-06	73.4	14.35%
2021-10-05	74.0	14.35%
2021-10-04	72.6	14.46%
2021-10-01	73.3	14.71%
2021-09-30	76.0	14.87%
2021-09-29	74.8	14.99%
2021-09-28	77.6	15.20%
2021-09-27	78.8	15.41%
2021-09-24	79.2	15.33%
2021-09-23	77.3	15.32%
2021-09-22	77.6	15.24%
2021-09-17	79.5	15.48%
2021-09-16	79.0	15.70%
2021-09-15	79.4	15.77%
2021-09-14	80.1	15.76%
2021-09-13	79.9	16.09%
2021-09-10	83.5	16.24%
2021-09-09	83.5	15.99%
2021-09-08	82.6	16.85%
2021-09-07	84.3	17.11%
2021-09-06	86.1	17.71%
2021-09-03	89.5	17.76%
2021-09-02	87.7	17.93%
2021-09-01	89.0	18.00%
2021-08-31	87.5	18.10%
2021-08-30	87.2	18.19%
2021-08-27	90.5	18.45%
2021-08-26	90.6	18.50%
2021-08-25	89.8	18.20%
2021-08-24	88.1	19.21%
2021-08-23	89.6	19.62%
2021-08-20	86.7	19.57%
2021-08-19	85.2	20.12%
2021-08-18	87.8	20.13%
2021-08-17	84.0	21.10%
2021-08-16	87.4	22.12%
2021-08-13	90.6	22.51%
2021-08-12	91.0	22.92%
2021-08-11	89.5	23.56%
2021-08-10	91.8	24.56%
2021-08-09	94.7	26.46%
2021-08-06	98.1	27.31%
2021-08-05	98.5	27.50%
2021-08-04	96.2	27.23%
2021-08-03	96.0	26.63%
2021-08-02	93.6	26.67%
2021-07-30	91.4	25.78%
2021-07-29	92.9	26.54%
2021-07-28	90.2	26.27%
2021-07-27	94.8	29.25%
2021-07-26	104.5	36.26%
2021-07-23	95.0	26.91%
2021-07-22	94.1	25.96%
2021-07-21	93.1	24.60%
2021-07-20	90.3	24.35%
2021-07-19	91.8	24.66%
2021-07-16	92.9	24.88%
2021-07-15	92.5	25.83%
2021-07-14	93.5	24.57%
2021-07-13	91.2	24.91%
2021-07-12	95.6	25.13%
2021-07-09	91.9	24.71%
2021-07-08	96.0	27.55%
2021-07-07	97.0	27.46%
2021-07-06	92.8	26.29%
2021-07-05	92.2	26.90%
2021-07-02	88.5	26.26%
2021-07-01	87.5	27.98%
2021-06-30	87.1	26.62%
2021-06-29	87.0	27.05%
2021-06-28	88.9	27.57%
2021-06-25	86.7	27.88%
2021-06-24	86.5	28.54%
2021-06-23	84.3	26.75%
2021-06-22	80.1	25.09%
2021-06-21	80.2	25.79%
2021-06-18	82.2	27.86%
2021-06-17	82.9	27.39%
2021-06-16	80.1	28.13%
2021-06-15	81.2	29.13%
2021-06-11	79.6	29.17%
2021-06-10	78.9	30.15%
2021-06-09	78.7	30.61%
2021-06-08	80.5	32.07%
2021-06-07	81.8	31.80%
2021-06-04	80.7	31.85%
2021-06-03	80.9	31.09%
2021-06-02	78.9	31.76%
2021-06-01	80.3	32.16%
2021-05-31	79.1	32.32%
2021-05-28	77.6	30.01%
2021-05-27	76.2	28.89%