玩股撇步(動畫小學堂)  

  • 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20季
加權平均股數 QoQ YoYEPS 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(%)
24Q3 (20)270-1.16.72-0.14-40.0-600.0-0.17-6.25-1600.0-0.31-82.3541.511.39-5.44-12.0354.4338.0410.9-32.79-16.82-1468.9-27.28-45.57-631.37-0.45-9.76-1400.0-0.38-35.71-533.33-27.28-45.57-631.37-27.28-45.57-631.37-11.66-53.34-10.27
24Q2 (19)2737.917.91-0.10-66.6747.37-0.16-14.2933.33-0.17-183.3366.671.47-17.8841.3539.433.4621.32-28.07-35.655.19-18.74-109.1559.16-0.41-10.8136.92-0.28-75.041.67-18.74-109.1559.16-18.74-109.1559.16-2.294.16-27.14
24Q1 (18)2530.00.0-0.0675.081.25-0.14-40.046.15-0.0692.2181.251.7913.29148.6138.11-12.75-39.1-20.70-23.5879.12-8.9676.4892.04-0.37-42.3147.89-0.1673.3380.25-8.9676.4892.04-8.9676.4892.046.64-512.50-470.00
23Q4 (17)2530.00.4-0.24-1100.0-60.0-0.10-900.0-211.11-0.77-45.2828.041.580.0-51.5343.68-11.09.09-16.75-701.44-315.85-38.10-921.45-229.3-0.26-766.67-204.0-0.6-900.0-57.89-38.10-921.45-229.3-38.10-921.45-229.325.96-505.26-402.08
23Q3 (16)2530.00.4-0.0289.4785.71-0.0195.8395.45-0.53-3.9242.391.5851.9262.8949.0851.0239.79-2.0996.6696.6-3.7391.8789.99-0.0395.3894.92-0.0687.583.33-3.7391.8789.99-3.7391.8789.9948.1865.0551.76
23Q2 (15)2530.00.4-0.1940.6236.67-0.247.69-14.29-0.51-59.3833.771.0444.445.0532.50-48.07-36.07-62.6436.81-11.94-45.8959.2439.86-0.658.45-16.07-0.4840.7436.84-45.8959.2439.86-45.8959.2439.86-16.73-36.36-190.60
23Q1 (14)2530.40.4-0.32-113.3331.91-0.26-388.8931.58-0.3270.0931.910.72-77.9175.6162.5856.294157.14-99.13-1377.4560.55-112.59-873.1261.77-0.71-384.030.39-0.81-113.1632.5-112.59-873.1261.77-112.59-873.1261.7779.09-60.23-123.99
22Q4 (13)2520.00.0-0.15-7.1487.290.09140.91110.0-1.07-16.342.783.26236.08328.9540.0414.04159.687.76112.61102.43-11.5768.9497.060.25142.37110.33-0.38-5.5687.29-11.5768.9497.06-11.5768.9497.06117.0323.0968.08
22Q3 (12)2520.00.0-0.1453.3354.84-0.22-4.7615.38-0.92-19.48-35.290.97-2.026.5935.11-30.94-24.99-61.52-9.9418.09-37.2551.1956.41-0.59-5.3613.24-0.3652.6353.85-37.2551.1956.41-37.2551.1956.4169.7244.7519.99
22Q2 (11)2520.00.0-0.3036.1723.08-0.2144.7436.36-0.77-63.83-108.110.99141.46-36.1350.843358.527.29-55.9677.733.32-76.3174.09-19.31-0.5645.137.78-0.7636.6723.23-76.3174.09-19.31-76.3174.09-19.3147.7148.1751.26
22Q1 (10)2520.00.0-0.4760.17-2450.0-0.3857.78-18.75-0.4774.87-2450.00.41-46.05-54.951.47102.19-95.56-251.3121.3-167.15-294.4725.22-5563.27-1.0257.85-18.6-1.259.87-2500.0-294.4725.22-5563.27-294.4725.22-5563.27-31.27-110.24-94.19
21Q4 (9)2520.00.0-1.18-280.65-227.78-0.90-246.15-109.3-1.87-175.0-156.160.76-16.48-50.0-67.09-243.32-262.48-319.34-325.16-316.62-393.77-360.77-553.34-2.42-255.88-106.84-2.99-283.33-225.0-393.77-360.77-553.34-393.77-360.77-553.34-28.88-130.07-112.47
21Q3 (8)2520.00.0-0.3120.51-72.22-0.2621.21-23.81-0.68-83.78-88.890.91-41.29-40.1346.8117.229.06-75.11-29.77-98.49-85.46-33.61-178.92-0.6824.44-19.3-0.7821.21-65.96-85.46-33.61-178.92-85.46-33.61-178.9214.52-1014.759.04
21Q2 (7)2520.0-0.79-0.39-2050.0-425.0-0.33-3.13-3200.0-0.37-1950.0-105.561.5570.33-13.4139.9420.66-3.92-57.8838.47-4847.01-63.96-1286.64-476.46-0.9-4.65-4400.0-0.99-2080.0-430.0-63.96-1286.64-476.46-63.96-1286.64-476.4615.10-972.2211.22
21Q1 (6)2520.00.00.02105.56106.67-0.3225.58-300.00.02102.74106.670.91-40.13-61.9233.10-19.84-38.54-94.07-22.73-616.35.39108.94117.1-0.8626.5-295.450.05105.43106.675.39108.94117.15.39108.94117.1-20.072.78-39.59
20Q4 (5)2520.00.0-0.36-100.0-12.5-0.43-104.760-0.73-102.7868.261.520.0-27.2741.2913.846.55-76.65-102.56-23853.13-60.27-96.7-54.1-1.17-105.26-11600.0-0.92-95.74-12.2-60.27-96.7-54.1-60.27-96.7-54.1--0.00
20Q3 (4)252-0.790.0-0.18-250.00.0-0.21-2000.00.0-0.36-100.00.01.52-15.080.036.27-12.750.0-37.84-3134.190.0-30.64-280.340.0-0.57-2750.00.0-0.47-256.670.0-30.64-280.340.0-30.64-280.340.0--0.00
20Q2 (3)2540.790.00.12140.00.0-0.01-106.250.0-0.1840.00.01.79-25.10.041.57-22.820.0-1.17-106.420.016.99153.90.0-0.02-104.550.00.3140.00.016.99153.90.016.99153.90.0--0.00
20Q1 (2)2520.00.0-0.306.250.00.1600.0-0.3086.960.02.3914.350.053.8638.990.018.225793.750.0-31.5219.410.00.444500.00.0-0.758.540.0-31.5219.410.0-31.5219.410.0--0.00
19Q4 (1)2520.00.0-0.320.00.0-0.000.00.0-2.300.00.02.090.00.038.750.00.0-0.320.00.0-39.110.00.0-0.010.00.0-0.820.00.0-39.110.00.0-39.110.00.0--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自結稅前EPS自結稅前累計EPS備註(年增率變動50%需說明原因)
2024/100.42-4.8-2.665.0634.441.36N/A.
2024/90.44-12.77-29.254.6439.221.398.15.
2024/80.513.551.574.2154.861.398.15.
2024/70.440.72-3.643.766.751.348.42.
2024/60.44-3.7935.723.2685.151.477.95.
2024/50.46-20.151.192.8296.31.786.55.
2024/40.57-24.0437.592.36108.341.926.07.
2024/30.7526.09232.421.79149.341.796.78因肌肉注射劑型美國FDA發出拒絕提交信函,本季重新評估未來預計銷售數量,故本月營收有包括部分合約負債調整認列。
2024/20.636.29147.41.04110.991.627.47.
2024/10.44-25.4675.740.4475.741.597.63.
2023/120.594.18-39.224.92-13.11.588.0-
2023/110.5631.55-57.284.33-7.711.617.84因去年度與Thera EU 中止合約,相關合約負債轉列收入,導致去年度收入較高
2023/100.43-30.8-57.253.7611.731.548.19因去年度與Thera EU 中止合約,相關合約負債轉列收入,導致去年度收入較高
2023/90.6225.2160.863.3441.021.588.54本月營收包含CDMO...等業務
2023/80.57.7265.532.7237.151.2810.52.
2023/70.4641.8963.682.2232.11.0912.39.
2023/60.327.1618.271.7625.761.0412.95.
2023/50.3-27.29-3.41.4427.580.9414.29-
2023/40.4283.52.51.1339.520.8815.27.
2023/30.23-6.1575.890.7276.450.7219.15.
2023/20.24-3.1868.20.4976.721.469.42.
2023/10.25-74.2285.830.2585.832.545.41.
2022/120.97-26.77419.555.6636.883.294.2差異主要原因係將部分帳列合約負債權利金調整轉列營業收入認列所致。
2022/111.3231.65526.474.6918.822.715.1差異主要原因係本月認列部分Theratechnology歐洲權利金
2022/101.0160.39177.923.37-9.831.698.18差異主要原因係本月認列部分Theratechnology歐洲權利金
2022/90.3928.8537.552.37-29.930.9715.52-
2022/80.36.52-3.041.98-36.040.8517.55.
2022/70.282.52-12.831.68-39.690.8717.27-
2022/60.27-12.47-41.071.4-43.210.9914.83.
2022/50.31-22.84-39.551.13-43.710.8517.36-
2022/40.41214.89-28.70.81-45.160.6821.7.
2022/30.13-10.2546.730.41-55.430.4137.03本公司規畫預計111年4月起開始銷售三星生物SBL生產之存貨給Theratechnologies
2022/20.146.95-65.110.28-66.310.4632.45.
2022/10.13-27.93-67.50.13-67.50.5328.33歐洲銷售因會計認列時點調整遞延至Theratech實際銷售時認列收入,故ㄧ月銷售Theratech的一批次Trogarzo 暫不認列
2021/120.19-11.71-53.834.13-42.770.7615.4.
2021/110.21-41.59-62.313.95-42.120.8513.7.
2021/100.3628.88-36.73.74-40.310.9512.29.
2021/90.28-9.176855.833.38-40.670.9112.67.
2021/80.31-4.22-43.453.1-45.561.110.54.
2021/70.32-30.68-66.362.79-45.781.318.85.
2021/60.46-10.220.922.46-41.071.557.57-
2021/50.52-8.99-18.92.0-46.271.1710.0-
2021/40.57548.05-17.661.48-51.941.0711.0.
2021/30.09-78.66-92.620.91-61.840.9113.72請參閱110年4月7日重大訊息「三月營收公告補充說明」
2021/20.41-0.3638.320.82-31.371.2310.19-
2021/10.412.38-54.30.41-54.31.389.1.
2020/120.4-27.920.07.222.61.538.21.
2020/110.56-1.92-43.366.82-3.121.1311.1-
2020/100.5714064.5-47.956.263.441.1211.24-
2020/90.0-99.26-99.425.6914.821.517.63因疫情影響TH庫存調整未採購,營收屬Q3折讓調整,與去年度比較今年營收成長15%目標不變。季底匯率評價調減本月大部分合併營收。
2020/80.55-43.03-36.115.6933.631.965.85本月營收為出貨給Theratechnologies用於歐洲未來銷售使用,先以較低之約定價格出售,待確認實際銷售價格時再予以調整。
2020/70.96108.0169.865.1451.152.065.59.
2020/60.46-27.86-8.774.1847.431.795.8Q2因疫情美國各地封城影響,新病患人數減少,TH庫存調整本月未下訂單,本月營收 46,069仟元屬Q1及Q2銷貨折讓與實際數差異調整。
2020/50.64-7.61.143.7259.612.524.12.
2020/40.69-41.9265.753.0881.322.184.76.
2020/31.19299.9379.422.3986.372.394.24.
2020/20.3-67.0829.011.293.821.28.45本月份Theratechnologies尚在進行調整庫存並未下採購訂單,本月中裕銷貨收入為2019第四季暫估銷售折讓與實際數差異調整
2020/10.90.0132.20.9132.21.895.36.
2019/120.0-100.0-100.07.04192.110.0N/A本月無營收主要係Theratechnologies進行存貨調整,108/12無訂貨,將遞延至109年開始訂貨,細節請參閱12/19重大訊息說明
2019/110.99-9.86153.427.04244.890.0N/A.
成長能力-近10年
加權平均股數 YoYEPS 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
2023 (10)2530.4-0.770-0.6104.92-12.6145.8019.55-33.800-39.610-1.660-1.950-1.950
2022 (9)2520.0-1.070-0.7105.6336.3238.3188.63-34.080-47.830-1.920-2.690-2.690
2021 (8)2520.0-1.870-1.8004.13-42.820.31-54.32-117.640-113.910-4.860-4.710-4.710
2020 (7)2520.0-0.730-0.4907.222.4144.4636.17-18.380-25.370-1.330-1.830-1.830
2019 (6)2520.4-2.300-1.4407.05192.5332.650-55.360-82.140-3.90-5.790-5.790
2018 (5)2510.4-1.280-1.1902.412912.5-8.240-133.080-133.470-3.210-3.220-3.220
2017 (4)2500.81-2.100-2.0200.08300.0100.000.0-6462.970-6218.040-5.450-5.250-5.250
2016 (3)24813.76-1.140-1.1600.020100.000-15072.200-13582.000-3.130-2.820-2.820
2015 (2)2181.87-2.160-1.820000.0000.0000.000-4.910-4.720-4.720
2014 (1)21410.31-1.320-1.100000.0000.0000.000-2.960-2.790-2.820

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