松上 6156 - 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20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(%)
24Q1 (20)	93	19.23	19.23	0.44	57.14	120.0	0.06	-89.29	-76.92	0.44	-77.44	120.0	7.45	-17.04	-3.87	14.24	-7.77	2.96	1.72	-69.72	-48.35	5.85	144.77	158.85	0.13	-74.51	-50.0	0.41	86.36	156.25	6.42	168.62	184.07	5.85	144.77	158.85	-8.01	-3.71	-24.65
23Q4 (19)	78	0.0	-2.5	0.28	-64.56	-37.78	0.56	40.0	-9.68	1.95	16.77	-22.62	8.98	1.01	-13.15	15.44	-9.65	-17.78	5.68	-3.24	-46.11	2.39	-68.68	-50.1	0.51	-1.92	-53.21	0.22	-64.52	-38.89	2.39	-72.43	-71.45	2.39	-68.68	-50.1	11.40	-23.33	203.34
23Q3 (18)	78	0.0	-2.5	0.79	17.91	-41.04	0.40	366.67	566.67	1.67	91.95	-18.93	8.89	21.78	-14.6	17.09	26.78	14.62	5.87	226.11	13.98	7.63	-18.92	-38.57	0.52	300.0	-3.7	0.62	19.23	-41.51	8.67	-20.24	-41.1	7.63	-18.92	-38.57	7.99	126.45	104.49
23Q2 (17)	78	0.0	-3.7	0.67	235.0	28.85	-0.15	-157.69	-7.14	0.87	335.0	19.18	7.3	-5.81	-34.65	13.48	-2.53	47.0	1.80	-45.95	900.0	9.41	316.37	122.46	0.13	-50.0	550.0	0.52	225.0	23.81	10.87	380.97	113.14	9.41	316.37	122.46	-15.43	89.72	-107.88
23Q1 (16)	78	-2.5	-3.7	0.20	-55.56	0.0	0.26	-58.06	388.89	0.20	-92.06	0.0	7.75	-25.05	-22.19	13.83	-26.36	82.94	3.33	-68.41	260.1	2.26	-52.82	882.61	0.26	-76.15	223.81	0.16	-55.56	0.0	2.26	-73.0	679.31	2.26	-52.82	882.61	-12.86	-60.99	437.63
22Q4 (15)	80	0.0	-1.23	0.45	-66.42	7.14	0.62	933.33	31.91	2.52	22.33	95.35	10.34	-0.67	-19.53	18.78	25.96	84.66	10.54	104.66	197.74	4.79	-61.43	99.58	1.09	101.85	142.22	0.36	-66.04	5.88	8.37	-43.14	202.17	4.79	-61.43	99.58	-3.73	45.63	538.10
22Q3 (14)	80	-1.23	-1.23	1.34	157.69	197.78	0.06	142.86	-82.86	2.06	182.19	136.78	10.41	-6.8	-18.74	14.91	62.6	25.29	5.15	2761.11	43.45	12.42	193.62	262.1	0.54	2600.0	17.39	1.06	152.38	194.44	14.72	188.63	289.42	12.42	193.62	262.1	2.68	158.84	43.65
22Q2 (13)	81	0.0	0.0	0.52	160.0	160.0	-0.14	-55.56	-240.0	0.73	265.0	73.81	11.17	12.15	-0.71	9.17	21.3	-3.88	0.18	108.65	-72.31	4.23	1739.13	233.07	0.02	109.52	-71.43	0.42	162.5	162.5	5.10	1658.62	292.31	4.23	1739.13	233.07	-5.17	53.81	-87.36
22Q1 (12)	81	0.0	0.0	0.20	-52.38	-9.09	-0.09	-119.15	-200.0	0.20	-84.5	-9.09	9.96	-22.49	-0.7	7.56	-25.66	-31.52	-2.08	-158.76	-366.67	0.23	-90.42	-87.08	-0.21	-146.67	-362.5	0.16	-52.94	-11.11	0.29	-89.53	-83.71	0.23	-90.42	-87.08	-11.09	-29.53	-42.43
21Q4 (11)	81	0.0	0.0	0.42	-6.67	27.27	0.47	34.29	4.44	1.29	48.28	-2.27	12.85	0.31	20.54	10.17	-14.54	-30.58	3.54	-1.39	-24.2	2.40	-30.03	12.15	0.45	-2.17	-10.0	0.34	-5.56	30.77	2.77	-26.72	-12.06	2.40	-30.03	12.15	7.09	59.16	142.15
21Q3 (10)	81	0.0	1.25	0.45	125.0	55.17	0.35	250.0	-40.68	0.87	107.14	-13.0	12.81	13.87	20.51	11.90	24.74	-18.44	3.59	452.31	-30.69	3.43	170.08	69.8	0.46	557.14	-16.36	0.36	125.0	56.52	3.78	190.77	75.81	3.43	170.08	69.8	13.02	57.95	130.56
21Q2 (9)	81	0.0	0.0	0.20	-9.09	-67.74	0.10	11.11	-81.13	0.42	90.91	-40.85	11.25	12.16	4.55	9.54	-13.59	-46.76	0.65	-16.67	-92.13	1.27	-28.65	-83.09	0.07	-12.5	-92.13	0.16	-11.11	-68.0	1.30	-26.97	-84.45	1.27	-28.65	-83.09	3.12	-21.21	-34.45
21Q1 (8)	81	0.0	-1.22	0.22	-33.33	175.0	0.09	-80.0	200.0	0.22	-83.33	175.0	10.03	-5.91	32.32	11.04	-24.64	-5.07	0.78	-83.3	232.2	1.78	-16.82	42.4	0.08	-84.0	300.0	0.18	-30.77	157.14	1.78	-43.49	24.48	1.78	-16.82	42.4	-2.81	-9.77	-51.87
20Q4 (7)	81	1.25	0.0	0.33	13.79	43.48	0.45	-23.73	21.62	1.32	32.0	24.53	10.66	0.28	3.19	14.65	0.41	-6.63	4.67	-9.85	24.2	2.14	5.94	3.38	0.5	-9.09	28.21	0.26	13.04	36.84	3.15	46.51	34.04	2.14	5.94	3.38	-0.46	-19.72	-6.21
20Q3 (6)	80	-1.23	-1.23	0.29	-53.23	-38.3	0.59	11.32	68.57	1.00	40.85	20.48	10.63	-1.21	3.71	14.59	-18.58	-2.08	5.18	-37.29	79.86	2.02	-73.1	-28.37	0.55	-38.2	83.33	0.23	-54.0	-41.03	2.15	-74.28	-37.5	2.02	-73.1	-28.37	20.37	310.88	350.11
20Q2 (5)	81	-1.22	0.0	0.62	675.0	129.63	0.53	688.89	1666.67	0.71	787.5	97.22	10.76	41.95	7.17	17.92	54.08	28.83	8.26	1500.0	432.9	7.51	500.8	317.22	0.89	2325.0	456.25	0.5	614.29	127.27	8.36	484.62	143.73	7.51	500.8	317.22	-	-	0.00
20Q1 (4)	82	1.23	0.0	0.08	-65.22	0.0	-0.09	-124.32	0.0	0.08	-92.45	0.0	7.58	-26.62	0.0	11.63	-25.88	0.0	-0.59	-115.69	0.0	1.25	-39.61	0.0	-0.04	-110.26	0.0	0.07	-63.16	0.0	1.43	-39.15	0.0	1.25	-39.61	0.0	-	-	0.00
19Q4 (3)	81	0.0	0.0	0.23	-51.06	0.0	0.37	5.71	0.0	1.06	27.71	0.0	10.33	0.78	0.0	15.69	5.3	0.0	3.76	30.56	0.0	2.07	-26.6	0.0	0.39	30.0	0.0	0.19	-51.28	0.0	2.35	-31.69	0.0	2.07	-26.6	0.0	-	-	0.00
19Q3 (2)	81	0.0	0.0	0.47	74.07	0.0	0.35	1066.67	0.0	0.83	130.56	0.0	10.25	2.09	0.0	14.90	7.12	0.0	2.88	85.81	0.0	2.82	56.67	0.0	0.3	87.5	0.0	0.39	77.27	0.0	3.44	0.29	0.0	2.82	56.67	0.0	-	-	0.00
19Q2 (1)	81	0.0	0.0	0.27	0.0	0.0	0.03	0.0	0.0	0.36	0.0	0.0	10.04	0.0	0.0	13.91	0.0	0.0	1.55	0.0	0.0	1.80	0.0	0.0	0.16	0.0	0.0	0.22	0.0	0.0	3.43	0.0	0.0	1.80	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)
2024/5	3.39	5.15	36.24	14.09	11.65	9.4	N/A	-
2024/4	3.23	16.28	37.01	10.69	5.6	7.84	N/A	-
2024/3	2.78	51.39	-7.38	7.46	-3.92	7.46	0.49	-
2024/2	1.83	-35.76	-32.75	4.69	-1.74	7.75	0.47	-
2024/1	2.85	-6.75	39.61	2.85	39.61	9.12	0.4	-
2023/12	3.06	-4.42	-10.97	33.27	-20.56	9.19	0.35	-
2023/11	3.2	9.64	-8.12	30.21	-21.41	9.19	0.35	-
2023/10	2.92	-4.78	-15.55	27.0	-22.74	9.01	0.36	-
2023/9	3.07	1.54	-8.75	24.08	-23.53	8.94	0.37	-
2023/8	3.02	5.85	-17.67	21.02	-25.29	8.4	0.4	-
2023/7	2.85	13.0	-15.49	17.99	-26.44	7.87	0.42	-
2023/6	2.53	1.38	-32.26	15.14	-28.19	7.37	0.41	-
2023/5	2.49	5.75	-30.09	12.62	-27.32	7.84	0.38	-
2023/4	2.36	-21.4	-39.43	10.12	-26.6	8.08	0.37	-
2023/3	3.0	9.92	-8.65	7.77	-21.56	7.77	0.43	-
2023/2	2.73	33.37	-2.21	4.77	-27.96	8.21	0.41	-
2023/1	2.04	-40.54	-46.68	2.04	-46.68	8.97	0.37	-
2022/12	3.44	-1.36	-20.62	41.88	-10.48	10.38	0.34	-
2022/11	3.49	0.78	-23.22	38.44	-9.45	10.31	0.34	-
2022/10	3.46	2.88	-11.88	34.95	-7.8	10.49	0.34	-
2022/9	3.36	-8.38	-18.48	31.5	-7.33	10.41	0.38	-
2022/8	3.67	8.65	-20.16	28.13	-5.78	10.78	0.37	-
2022/7	3.38	-9.41	-18.53	24.46	-3.17	10.67	0.37	-
2022/6	3.73	4.62	-3.22	21.09	-0.15	11.18	0.4	-
2022/5	3.56	-8.38	3.81	17.36	0.52	10.73	0.42	-
2022/4	3.89	18.54	-2.84	13.79	-0.28	9.96	0.45	-
2022/3	3.28	17.66	-10.91	9.9	0.75	9.9	0.55	-
2022/2	2.79	-27.27	13.09	6.62	7.75	10.96	0.5	-
2022/1	3.83	-11.49	4.17	3.83	4.17	12.71	0.43	-
2021/12	4.33	-4.58	15.77	46.79	17.47	12.8	0.38	-
2021/11	4.54	15.67	24.86	42.45	17.65	12.59	0.39	-
2021/10	3.93	-4.82	23.67	37.91	16.84	12.65	0.39	-
2021/9	4.12	-10.26	21.22	33.99	16.1	12.87	0.43	-
2021/8	4.6	10.86	31.57	29.86	15.42	12.6	0.44	-
2021/7	4.15	7.61	11.51	25.27	12.9	11.43	0.48	-
2021/6	3.85	12.23	6.35	21.12	13.18	11.29	0.49	-
2021/5	3.43	-14.25	-6.38	17.27	14.83	11.12	0.5	-
2021/4	4.0	8.7	5.96	13.83	21.67	10.15	0.55	-
2021/3	3.68	49.37	20.59	9.83	29.49	9.83	0.47	-
2021/2	2.47	-33.0	42.13	6.15	35.48	9.89	0.47	-
2021/1	3.68	-1.63	31.36	3.68	31.36	11.06	0.42	-
2020/12	3.74	2.9	1.69	39.83	-4.25	10.55	0.33	-
2020/11	3.64	14.57	0.74	36.08	-4.82	10.21	0.34	-
2020/10	3.17	-6.71	-2.77	32.45	-5.41	10.07	0.34	-
2020/9	3.4	-2.6	2.77	29.27	-5.69	10.61	0.31	-
2020/8	3.49	-6.04	-0.33	25.87	-6.7	10.83	0.31	-
2020/7	3.72	2.63	3.67	22.38	-7.62	11.01	0.3	-
2020/6	3.62	-1.21	8.86	18.66	-9.58	11.07	0.32	-
2020/5	3.67	-2.94	11.26	15.04	-13.13	10.5	0.34	-
2020/4	3.78	23.71	7.43	11.37	-18.87	8.57	0.41	-
2020/3	3.05	76.04	-10.76	7.59	-27.68	7.59	0.48	-
2020/2	1.73	-38.08	-22.66	4.54	-35.87	8.22	0.44	-
2020/1	2.8	-23.85	-42.0	2.8	-42.0	10.09	0.36	-
2019/12	3.68	1.93	-9.19	41.59	-11.69	10.55	0.38	-
2019/11	3.61	10.56	-10.05	37.91	-11.93	10.19	0.4	-
2019/10	3.26	-1.38	-5.82	34.3	-12.12	10.08	0.4	-
2019/9	3.31	-5.55	-6.6	31.04	-12.73	10.4	0.36	-
2019/8	3.51	-2.25	-24.31	27.73	-13.41	10.42	0.36	-
2019/7	3.59	7.77	-16.51	24.22	-11.57	0.0	N/A	-
2019/6	3.33	0.96	-9.52	20.64	-10.65	0.0	N/A	-

成長能力-近10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
2023 (10)	78	-2.5	1.71	-23.32	1.06	120.83	32.93	-21.39	15.07	19.7	4.32	25.58	5.33	-2.2	1.42	-1.39	1.96	-34.67	1.52	-24.38
2022 (9)	80	-1.23	2.23	75.59	0.48	-52.48	41.89	-10.76	12.59	17.88	3.44	51.54	5.45	139.04	1.44	34.58	3.0	156.41	2.01	93.27
2021 (8)	81	0.0	1.27	-2.31	1.01	-32.21	46.94	18.45	10.68	-28.51	2.27	-52.41	2.28	-32.94	1.07	-43.39	1.17	-25.48	1.04	-2.8
2020 (7)	81	0.0	1.30	30.0	1.49	53.61	39.63	-3.83	14.94	0.34	4.77	96.3	3.40	101.18	1.89	89.0	1.57	63.54	1.07	24.42
2019 (6)	81	0.0	1.00	-36.31	0.97	12.79	41.21	-12.24	14.89	-6.18	2.43	-28.11	1.69	-54.93	1.0	-37.11	0.96	-55.14	0.86	-36.3
2018 (5)	81	5.19	1.57	0.0	0.86	-6.52	46.96	2.85	15.87	-1.12	3.38	18.6	3.75	-0.27	1.59	22.31	2.14	21.59	1.35	2.27
2017 (4)	77	0.0	1.57	-14.21	0.92	-3.16	45.66	6.93	16.05	-21.4	2.85	-55.12	3.76	-40.6	1.3	-52.03	1.76	-45.85	1.32	-7.04
2016 (3)	77	0.0	1.83	14.37	0.95	331.82	42.7	4.53	20.42	30.9	6.35	85.67	6.33	28.4	2.71	93.57	3.25	33.2	1.42	14.52
2015 (2)	77	-13.48	1.60	90.48	0.22	-79.63	40.85	3.6	15.60	9.55	3.42	-28.3	4.93	43.31	1.4	-25.53	2.44	49.69	1.24	65.33
2014 (1)	89	7.23	0.84	0	1.08	0	39.43	20.43	14.24	0	4.77	0	3.44	0	1.88	358.54	1.63	0	0.75	0