明泰 3380 - 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)	542	0.10	900.0	150.0	0.01	133.33	106.67	0.10	127.78	150.0	53.15	-17.04	17.48	18.36	-0.43	0.05	0.08	-93.16	103.33	0.51	-55.26	121.43	0.04	-94.67	103.67	0.53	657.14	150.0	0.96	-38.06	132.99	0.51	-55.26	121.43	-3.63	425.00	-133.33
25Q4 (7)	542	0.01	-50.0	106.67	-0.03	-400.0	80.0	-0.36	2.7	-190.0	64.07	9.77	13.84	18.44	5.86	0.66	1.17	165.91	11.43	1.14	153.33	408.11	0.75	188.46	27.12	0.07	-30.0	108.43	1.55	176.79	47.62	1.14	153.33	408.11	6.14	30.27	-145.45
25Q3 (6)	542	0.02	110.53	140.0	0.01	109.09	-83.33	-0.37	5.13	-166.07	58.37	2.51	17.9	17.42	14.23	-10.71	0.44	119.47	-53.19	0.45	118.44	364.71	0.26	120.16	-43.48	0.1	109.52	135.71	0.56	118.24	293.1	0.45	118.44	364.71	14.18	57.77	67.88
25Q2 (5)	542	-0.19	5.0	-138.78	-0.11	26.67	70.27	-0.39	-95.0	-163.93	56.94	25.86	0.18	15.25	-16.89	-6.27	-2.26	5.83	-35.33	-2.44	-2.52	-147.56	-1.29	-18.35	-35.79	-1.05	0.94	-139.92	-3.07	-5.5	-147.52	-2.44	-2.52	-147.56	-	-	0.00
25Q1 (4)	542	-0.20	-33.33	0.0	-0.15	0.0	0.0	-0.20	-150.0	0.0	45.24	-19.62	0.0	18.35	0.16	0.0	-2.40	-328.57	0.0	-2.38	-543.24	0.0	-1.09	-284.75	0.0	-1.06	-27.71	0.0	-2.91	-377.14	0.0	-2.38	-543.24	0.0	-	-	0.00
24Q4 (3)	542	-0.15	-200.0	0.0	-0.15	-350.0	0.0	0.40	-28.57	0.0	56.28	13.67	0.0	18.32	-6.1	0.0	1.05	11.7	0.0	-0.37	-117.65	0.0	0.59	28.26	0.0	-0.83	-196.43	0.0	1.05	462.07	0.0	-0.37	-117.65	0.0	-	-	0.00
24Q3 (2)	542	-0.05	-110.2	0.0	0.06	116.22	0.0	0.56	-8.2	0.0	49.51	-12.9	0.0	19.51	19.91	0.0	0.94	156.29	0.0	-0.17	-103.31	0.0	0.46	148.42	0.0	-0.28	-110.65	0.0	-0.29	-104.49	0.0	-0.17	-103.31	0.0	-	-	0.00
24Q2 (1)	542	0.49	0.0	0.0	-0.37	0.0	0.0	0.61	0.0	0.0	56.84	0.0	0.0	16.27	0.0	0.0	-1.67	0.0	0.0	5.13	0.0	0.0	-0.95	0.0	0.0	2.63	0.0	0.0	6.46	0.0	0.0	5.13	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)
2026/6	22.71	26.14	5.46	104.8	2.56	51.66	N/A	-
2026/5	18.01	64.62	-7.97	82.09	1.78	53.92	N/A	-
2026/4	10.94	-56.2	-30.94	64.08	4.91	48.8	N/A	-
2026/3	24.98	93.78	50.48	53.15	17.47	53.15	1.42	主係市場需求提升，致公司營收成長
2026/2	12.89	-15.65	-9.04	28.17	-1.66	57.94	1.3	-
2026/1	15.28	-48.67	5.57	15.28	5.57	63.68	1.19	-
2025/12	29.77	59.82	21.79	224.62	4.74	64.07	1.05	-
2025/11	18.63	18.88	31.79	194.84	2.55	56.98	1.19	-
2025/10	15.67	-30.91	-11.48	176.22	0.2	56.22	1.2	-
2025/9	22.68	26.91	18.78	160.55	1.51	58.37	1.07	-
2025/8	17.87	0.33	18.7	137.87	-0.85	57.22	1.09	-
2025/7	17.81	-17.29	15.97	119.99	-3.23	58.91	1.06	-
2025/6	21.54	10.07	3.96	102.18	-5.95	56.94	1.1	-
2025/5	19.57	23.53	9.62	80.65	-8.28	52.0	1.21	-
2025/4	15.84	-4.57	-13.36	61.08	-12.84	46.61	1.35	-
2025/3	16.6	17.12	-24.21	45.24	-12.66	45.24	1.56	-
2025/2	14.17	-2.09	4.45	28.64	-4.2	53.09	1.33	-
2025/1	14.47	-40.78	-11.4	14.47	-11.4	53.05	1.33	-
2024/12	24.44	72.94	-23.76	214.44	-24.15	56.28	1.23	-
2024/11	14.13	-20.15	-29.93	189.99	-24.2	50.93	1.36	-
2024/10	17.7	-7.29	12.57	175.86	-23.7	51.85	1.34	-
2024/9	19.1	26.83	-18.98	158.16	-26.35	49.51	1.46	-
2024/8	15.06	-1.97	-19.78	139.06	-27.26	51.13	1.41	-
2024/7	15.36	-25.85	-5.62	124.01	-28.07	53.92	1.34	-
2024/6	20.72	16.07	-24.26	108.65	-30.42	56.84	1.22	-
2024/5	17.85	-2.37	-27.32	87.93	-31.72	58.03	1.19	-
2024/4	18.28	-16.51	-28.42	70.08	-32.76	53.75	1.29	-
2024/3	21.9	61.43	-34.77	51.8	-34.17	51.8	N/A	-
2024/2	13.57	-16.96	-43.22	29.9	-33.72	61.88	N/A	-
2024/1	16.34	-48.9	-23.03	16.34	-23.03	68.48	N/A	-
2023/12	31.97	58.49	-12.31	282.63	-15.96	67.87	N/A	-
2023/11	20.17	28.29	-33.82	250.66	-16.41	59.47	N/A	-
2023/10	15.72	-33.29	-38.25	230.48	-14.44	58.06	N/A	-
2023/9	23.57	25.57	-31.0	214.76	-11.95	58.61	N/A	-
2023/8	18.77	15.33	-38.62	191.19	-8.85	62.4	N/A	-
2023/7	16.27	-40.5	-40.95	172.42	-3.77	68.19	N/A	-
2023/6	27.35	11.38	-28.89	156.15	2.98	77.45	N/A	-
2023/5	24.56	-3.84	4.3	128.79	13.82	83.67	N/A	-
2023/4	25.54	-23.92	22.43	104.23	16.32	83.01	N/A	-
2023/3	33.57	40.52	16.7	78.69	14.46	78.69	N/A	-
2023/2	23.89	12.55	14.8	45.12	12.85	81.58	N/A	-
2023/1	21.23	-41.78	10.73	21.23	10.73	88.17	N/A	-
2022/12	36.46	19.61	31.41	336.34	20.71	92.41	N/A	-
2022/11	30.48	19.7	70.39	299.88	19.53	90.11	N/A	主係缺料情況緩解, 出貨增加所致
2022/10	25.47	-25.46	38.07	269.39	15.62	90.21	N/A	-
2022/9	34.16	11.7	27.26	243.93	13.69	92.31	N/A	-
2022/8	30.58	10.95	56.15	209.77	11.75	96.61	N/A	主係缺料情況緩解, 出貨增加所致
2022/7	27.56	-28.35	33.6	179.18	6.58	89.57	N/A	-
2022/6	38.47	63.39	41.17	151.62	2.8	82.87	N/A	-
2022/5	23.54	12.86	-12.38	113.15	-5.89	73.17	N/A	-
2022/4	20.86	-27.48	-2.66	89.61	-4.02	70.44	N/A	-
2022/3	28.77	38.22	15.65	68.75	-4.42	68.75	N/A	-
2022/2	20.81	8.56	-9.97	39.98	-15.04	67.73	N/A	-
2022/1	19.17	-30.91	-19.92	19.17	-19.92	64.81	N/A	-
2021/12	27.75	55.09	-22.93	278.62	-13.39	64.08	N/A	-
2021/11	17.89	-2.99	-49.31	250.88	-12.18	63.18	N/A	-
2021/10	18.44	-31.29	-30.64	232.99	-6.95	64.87	N/A	-
2021/9	26.84	37.07	-22.71	214.54	-4.13	67.06	N/A	-
2021/8	19.58	-5.06	-38.35	187.7	-0.72	0.0	N/A	-
2021/7	20.63	-24.28	-31.7	168.11	6.87	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)	542	0.0	-0.36	0	-0.29	0	224.62	4.75	17.35	-5.29	-0.61	0	-0.65	0	-1.37	0	-1.74	0	-1.94	0
2024 (4)	542	0.0	0.40	-60.4	-0.35	0	214.44	-24.15	18.32	-0.6	0.50	-82.94	1.59	-29.65	1.08	-86.97	5.15	-36.18	2.19	-60.04
2023 (3)	542	0.0	1.01	-39.88	1.05	-48.28	282.72	-15.94	18.43	-0.86	2.93	-42.55	2.26	-34.3	8.29	-51.66	8.07	-47.39	5.48	-40.24
2022 (2)	542	0.0	1.68	110.0	2.03	181.94	336.34	20.72	18.59	12.94	5.10	100.0	3.44	77.32	17.15	141.55	15.34	103.18	9.17	111.29
2021 (1)	542	0.37	0.80	-22.33	0.72	-27.27	278.62	-13.39	16.46	0	2.55	0	1.94	0	7.1	-20.94	7.55	-17.93	4.34	-22.08