玩股撇步(動畫小學堂)  

  • 毛利率代表著產品的競爭優勢, 要和同一個產業做比較. 如果毛利率很低的話, 就要看公司的營收規模是否夠大
  • 毛利率從谷底回升, 或許就是開始反轉的訊號
  • 營益率代表著公司的經營效率
  • 在不大幅舉債的前提下, ROE可以看出公司的經營品質
  • 穩定或持續提升的毛利率和營益率十分重要, 要當心持續下滑的毛利率和營益率
  • 本業收入比高的公司, 才容易預估財測, 值得花心力去研究
  • 無形資產佔總資產比高的公司, 可能代表這家公司是透過併購來成長. 但如果佔比高的不合理, 則要當心
  • 併購後有沒有發揮1+1>2, 營益率是一個很好的觀察指標
  • 要檢視ROE上升或下滑的原因, 根據杜邦分析不外乎是利潤率, 營收, 財務槓桿的增減
  • 租賃業要觀察延滯率(在銀行稱為逾放比率)的變化. 如果越來越多客戶拖延還錢(延滯率上升), 就代表接下來放款的錢也會變少(放款率下降)
營業毛利率,營業利益率,稅前淨利率,股東權益報酬率-近8季
EPS QoQ YoY營業毛利率 QoQ YoY營業利益率 QoQ YoY稅前淨利率 QoQ YoY稅後淨利率 QoQ YoY股東權益報酬率 QoQ YoY資產報酬率 QoQ YoY總資產周轉率 QoQ YoYEBITDA利潤率 QoQ YoY財務槓桿 QoQ YoY本業收入比 QoQ YoY業外獲益比 QoQ YoY用人費用率 QoQ YoY
26Q1 (8)1.39768.75-11.4651.626.632.527.769.64-0.4722.47236.38-0.417.52491.89-1.32.10412.2-8.31.25177.78-4.580.060.00.039.4680.681.67107.42-4.36-4.23123.08-67.68-0.42-23.5091.590.4118.9115.86.84
25Q4 (7)0.16-88.24-89.6848.41-1.67-4.6925.320.2-1.826.68-66.93-69.832.96-81.4-83.210.41-80.29-83.20.45-63.11-66.910.060.00.021.84-40.12-42.33112.320.45-4.89380.77204.34226.19-279.49-1012.96-1610.216.33-7.0-2.45
25Q3 (6)1.3610.57-17.0749.23-6.42-6.0725.27-10.01-11.5220.20-13.04-18.3515.918.01-20.012.0813.04-21.211.229.91-13.480.060.00.036.47-8.87-12.35111.82-4.6-9.79125.113.438.16-25.11-19.77-64.1517.56-2.61-1.79
25Q2 (5)1.23-21.66-37.2452.614.470.2728.080.68-12.7723.232.97-22.5914.73-17.01-40.241.84-19.65-41.211.11-15.27-31.90.060.00.040.023.12-14.25117.214.5-12.56120.97-2.1312.76-20.9711.15-188.0818.031.866.88
25Q1 (4)1.571.290.050.36-0.850.027.898.140.022.561.90.017.750.680.02.29-6.150.01.31-3.680.00.060.00.038.812.480.0112.16-5.030.0123.605.880.0-23.60-44.410.017.705.730.0
24Q4 (3)1.55-5.490.050.79-3.090.025.79-9.70.022.14-10.510.017.63-11.360.02.44-7.580.01.36-3.550.00.060.00.037.87-8.990.0118.10-4.720.0116.730.920.0-16.34-6.820.016.74-6.380.0
24Q3 (2)1.64-16.330.052.41-0.110.028.56-11.280.024.74-17.560.019.89-19.310.02.64-15.650.01.41-13.50.00.060.00.041.61-10.840.0123.95-7.530.0115.677.820.0-15.30-110.190.017.885.990.0
24Q2 (1)1.960.00.052.470.00.032.190.00.030.010.00.024.650.00.03.130.00.01.630.00.00.060.00.046.670.00.0134.050.00.0107.280.00.0-7.280.00.016.870.00.0
營業毛利率,營業利益率,稅前淨利率,股東權益報酬率-近5年
EPS YoY營業毛利率 YoY營業利益率 YoY折舊負擔比率 YoY稅前淨利率 YoY稅後淨利率 YoY股東權益報酬率 YoY資產報酬率 YoY總資產周轉率 YoYEBITDA利潤率 YoY財務槓桿 YoY本業收入比 YoY業外獲益比 YoY無形資產佔總資產比 YoY用人費用率 YoY
2025 (5)4.20-39.7450.11-2.2826.61-9.128.290.5417.95-31.0712.68-39.656.61-39.524.07-31.480.244.3534.05-19.62112.32-4.89148.3131.84-48.19069.41-0.1217.393.14
2024 (4)6.9720.5951.28-0.8129.28-9.358.240.6826.049.3221.0115.510.9319.065.9418.090.234.5542.365.19118.10-5.9112.49-17.03-12.49069.49-0.0516.864.66
2023 (3)5.78-13.2151.70-0.2932.30-2.978.191.3923.82-10.8218.19-11.969.18-15.935.03-11.440.22-4.3540.27-6.67125.50-0.88135.588.76-35.58069.53-2.0616.117.11
2022 (2)6.66-19.4751.85-3.0133.29-6.788.08-7.2326.71-18.2220.66-20.3910.92-23.155.68-8.680.239.5243.15-11.87126.62-11.11124.6614.0-24.66070.995.415.040.74
2021 (1)8.27-3.1653.46035.7108.70-20.8632.66025.95014.2106.2200.210.048.96-1.67142.44-22.92109.35-1.14-9.35067.350.614.93-14.15

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