上銀 2049 - 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8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			營業利益率 QoQ YoY			稅後淨利率 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(%)
26Q1 (8)	354	1.64	25.19	20.59	1.38	91.67	62.35	1.64	-61.95	20.59	63.79	-1.91	9.25	31.94	18.08	7.04	9.88	103.71	37.8	8.61	30.85	9.82	6.31	100.32	50.6	5.79	25.32	19.88	11.27	40.35	9.63	8.61	30.85	9.82	3.28	14.58	40.84
25Q4 (7)	354	1.31	3.97	40.86	0.72	-10.0	-30.1	4.31	43.19	-22.62	65.03	8.47	1.99	27.05	-5.42	-0.66	4.85	-29.2	-2.81	6.58	-6.27	38.53	3.15	-23.36	-0.94	4.62	3.59	40.0	8.03	-16.0	79.64	6.58	-6.27	38.53	4.83	117.78	-30.00
25Q3 (6)	354	1.26	231.58	-32.98	0.80	-50.0	-49.37	3.01	72.0	-35.13	59.95	1.18	-5.23	28.60	-3.83	-6.93	6.85	-18.55	-36.69	7.02	303.45	-30.77	4.11	-17.64	-40.0	4.46	230.37	-32.83	9.56	724.14	-23.46	7.02	303.45	-30.77	1.32	79.76	19.12
25Q2 (5)	354	0.38	-72.06	-76.97	1.60	88.24	3.9	1.75	28.68	-36.59	59.25	1.47	-4.17	29.74	-0.34	-5.62	8.41	17.29	-20.74	1.74	-77.81	-80.71	4.99	19.09	-23.93	1.35	-72.05	-76.8	1.16	-88.72	-89.62	1.74	-77.81	-80.71	-	-	0.00
25Q1 (4)	354	1.36	46.24	0.0	0.85	-17.48	0.0	1.36	-75.58	0.0	58.39	-8.42	0.0	29.84	9.59	0.0	7.17	43.69	0.0	7.84	65.05	0.0	4.19	31.76	0.0	4.83	46.36	0.0	10.28	129.98	0.0	7.84	65.05	0.0	-	-	0.00
24Q4 (3)	354	0.93	-50.53	0.0	1.03	-34.81	0.0	5.57	20.04	0.0	63.76	0.79	0.0	27.23	-11.39	0.0	4.99	-53.88	0.0	4.75	-53.16	0.0	3.18	-53.58	0.0	3.3	-50.3	0.0	4.47	-64.21	0.0	4.75	-53.16	0.0	-	-	0.00
24Q3 (2)	354	1.88	13.94	0.0	1.58	2.6	0.0	4.64	68.12	0.0	63.26	2.31	0.0	30.73	-2.48	0.0	10.82	1.98	0.0	10.14	12.42	0.0	6.85	4.42	0.0	6.64	14.09	0.0	12.49	11.72	0.0	10.14	12.42	0.0	-	-	0.00
24Q2 (1)	354	1.65	0.0	0.0	1.54	0.0	0.0	2.76	0.0	0.0	61.83	0.0	0.0	31.51	0.0	0.0	10.61	0.0	0.0	9.02	0.0	0.0	6.56	0.0	0.0	5.82	0.0	0.0	11.18	0.0	0.0	9.02	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)
2026/4	24.74	4.96	20.68	88.53	12.22	67.03	N/A	-
2026/3	23.57	25.91	17.39	63.79	9.25	63.79	1.13	-
2026/2	18.72	-12.92	-3.02	40.22	4.99	62.42	1.16	-
2026/1	21.5	-3.13	13.13	21.5	13.13	65.52	1.11	-
2025/12	22.2	1.71	7.62	242.63	-0.52	65.03	1.09	-
2025/11	21.82	3.86	1.96	220.43	-1.28	63.74	1.11	-
2025/10	21.01	0.52	-3.31	198.61	-1.62	60.94	1.16	-
2025/9	20.9	9.83	-3.41	177.6	-1.42	59.95	1.26	-
2025/8	19.03	-4.95	-6.77	156.69	-1.15	58.46	1.29	-
2025/7	20.02	3.18	-5.6	137.66	-0.31	58.78	1.28	-
2025/6	19.4	0.27	-7.7	117.64	0.64	59.25	1.25	-
2025/5	19.35	-5.61	-6.07	98.24	2.47	59.93	1.23	-
2025/4	20.5	2.09	1.47	78.89	4.81	59.89	1.23	-
2025/3	20.08	4.01	0.33	58.39	6.03	58.39	1.29	-
2025/2	19.31	1.58	13.27	38.31	9.29	58.94	1.28	-
2025/1	19.0	-7.88	5.52	19.0	5.52	61.04	1.23	-
2024/12	20.63	-3.6	11.78	243.92	-0.97	63.76	1.16	-
2024/11	21.4	-1.51	11.92	223.29	-2.0	64.77	1.14	-
2024/10	21.73	0.41	8.65	201.89	-3.28	63.79	1.16	-
2024/9	21.64	6.01	0.13	180.16	-4.55	63.26	1.21	-
2024/8	20.41	-3.76	-5.08	158.52	-5.15	62.65	1.22	-
2024/7	21.21	0.89	-5.56	138.1	-5.16	62.84	1.22	-
2024/6	21.02	2.04	-5.18	116.89	-5.09	61.83	1.17	-
2024/5	20.6	1.98	-6.98	95.87	-5.07	60.82	1.18	-
2024/4	20.2	0.94	-6.07	75.27	-4.54	57.26	1.26	-
2024/3	20.01	17.43	-12.23	55.06	-3.96	55.06	N/A	-
2024/2	17.04	-5.36	-15.05	35.05	1.49	53.52	N/A	-
2024/1	18.01	-2.48	24.42	18.01	24.42	55.6	N/A	-
2023/12	18.47	-3.41	10.0	246.34	-15.96	57.59	N/A	-
2023/11	19.12	-4.4	6.06	227.87	-17.54	60.73	N/A	-
2023/10	20.0	-7.45	-5.22	208.75	-19.19	63.12	N/A	-
2023/9	21.61	0.49	-13.94	188.75	-20.43	65.58	N/A	-
2023/8	21.51	-4.24	-18.16	167.14	-21.2	66.14	N/A	-
2023/7	22.46	1.29	-19.25	145.63	-21.63	66.78	N/A	-
2023/6	22.17	0.1	-19.29	123.17	-22.05	65.83	N/A	-
2023/5	22.15	2.98	-19.31	101.0	-22.63	66.47	N/A	-
2023/4	21.51	-5.7	-21.57	78.85	-23.51	64.38	N/A	-
2023/3	22.81	13.69	-15.87	57.34	-24.21	57.34	N/A	-
2023/2	20.06	38.61	-18.23	34.54	-28.86	51.34	N/A	-
2023/1	14.47	-13.87	-39.73	14.47	-39.73	49.31	N/A	-
2022/12	16.81	-6.78	-16.88	293.16	7.52	55.94	N/A	-
2022/11	18.03	-14.57	-20.3	276.36	9.47	64.25	N/A	-
2022/10	21.1	-15.96	-12.46	258.33	12.41	72.5	N/A	-
2022/9	25.11	-4.43	0.43	237.23	15.32	79.21	N/A	-
2022/8	26.28	-5.52	3.9	212.11	17.38	81.61	N/A	-
2022/7	27.81	1.1	11.23	185.83	19.57	82.78	N/A	-
2022/6	27.51	0.22	12.6	158.05	21.2	82.39	N/A	-
2022/5	27.45	0.08	15.87	130.54	23.19	82.0	N/A	-
2022/4	27.43	1.13	22.64	103.09	25.29	79.08	N/A	-
2022/3	27.12	10.52	25.55	75.67	26.29	75.67	N/A	-
2022/2	24.54	2.17	31.49	48.55	26.71	68.77	N/A	-
2022/1	24.01	18.76	22.17	24.01	22.17	66.86	N/A	-
2021/12	20.22	-10.61	-5.02	272.65	28.2	66.95	N/A	-
2021/11	22.62	-6.16	10.62	252.43	31.9	71.74	N/A	-
2021/10	24.11	-3.58	21.94	229.81	34.44	74.4	N/A	-
2021/9	25.0	-1.13	24.3	205.7	36.08	75.3	N/A	-
2021/8	25.29	1.14	38.97	180.7	37.89	74.73	N/A	-
2021/7	25.01	2.34	22.46	155.4	37.71	73.13	N/A	-
2021/6	24.43	3.13	20.93	130.4	41.08	0.0	N/A	-
2021/5	23.69	5.93	27.27	105.97	46.72	0.0	N/A	-

成長能力-近5年

	加權平均股數 YoY		EPS YoY		本業EPS YoY		營收 YoY		毛利率(%) YoY		營業利益率 YoY		稅後淨利率 YoY		營業利益 YoY		稅前淨利 YoY		稅後淨利 YoY
2025 (5)	354	0.0	4.30	-22.66	3.97	-21.07	242.63	-0.53	28.76	-2.81	6.77	-19.79	5.81	-23.95	16.43	-20.2	17.64	-21.6	15.26	-22.62
2024 (4)	354	0.0	5.56	-3.14	5.03	-17.0	243.92	-0.98	29.59	-4.79	8.44	-21.56	7.64	2.69	20.59	-22.33	22.5	-11.42	19.72	-3.1
2023 (3)	354	2.61	5.74	-55.47	6.06	-49.33	246.33	-15.97	31.08	-14.97	10.76	-43.4	7.44	-49.42	26.51	-52.42	25.4	-56.34	20.35	-54.57
2022 (2)	345	1.17	12.89	24.78	11.96	1.44	293.15	7.52	36.55	1.53	19.01	1.33	14.71	27.14	55.72	8.93	58.18	30.01	44.79	26.81
2021 (1)	341	6.9	10.33	71.31	11.79	207.03	272.65	28.2	36.00	0	18.76	0	11.57	0	51.15	195.32	44.75	94.31	35.32	83.01