大樹 6469 - 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)	113	1.8	25.56	1.50	-6.83	-13.79	1.39	-6.08	7.75	1.50	-75.0	-13.79	42.06	0.12	10.28	27.62	-3.22	0.51	4.82	-6.59	-1.83	4.02	-5.63	-2.19	2.03	-6.45	8.56	1.69	-5.59	7.64	5.09	-6.61	-1.93	4.02	-5.63	-2.19	1.88	1.34	0.58
23Q4 (19)	111	0.0	24.72	1.61	9.52	-14.81	1.48	7.25	-1.99	6.00	36.36	-23.57	42.01	3.63	10.79	28.54	3.86	-1.04	5.16	6.61	-8.67	4.26	5.45	-4.05	2.17	10.71	1.4	1.79	9.82	6.55	5.45	8.78	-2.33	4.26	5.45	-4.05	1.57	-5.72	2.21
23Q3 (18)	111	23.33	24.72	1.47	-20.97	-22.63	1.38	-2.82	-4.17	4.40	22.22	-26.3	40.54	-0.49	12.17	27.48	-0.43	1.33	4.84	-3.97	-15.97	4.04	-1.46	-13.86	1.96	-4.39	-5.77	1.63	-2.4	-3.55	5.01	-3.65	-15.37	4.04	-1.46	-13.86	3.17	-7.03	3.63
23Q2 (17)	90	0.0	1.12	1.86	6.9	-32.12	1.42	10.08	-32.06	3.60	106.9	-11.55	40.74	6.82	2.75	27.60	0.44	-0.18	5.04	2.65	-33.42	4.10	-0.24	-33.55	2.05	9.63	-31.67	1.67	6.37	-31.56	5.20	0.19	-32.99	4.10	-0.24	-33.55	3.70	-0.52	-2.25
23Q1 (16)	90	1.12	26.76	1.74	-7.94	4.19	1.29	-14.57	34.38	1.74	-77.83	4.19	38.14	0.58	19.41	27.48	-4.72	4.33	4.91	-13.1	12.61	4.11	-7.43	11.08	1.87	-12.62	34.53	1.57	-6.55	33.05	5.19	-6.99	11.13	4.11	-7.43	11.08	2.75	-4.24	-4.86
22Q4 (15)	89	0.0	27.14	1.89	-0.53	17.39	1.51	4.86	51.0	7.85	31.49	34.65	37.92	4.93	24.17	28.84	6.34	10.8	5.65	-1.91	20.73	4.44	-5.33	20.65	2.14	2.88	49.65	1.68	-0.59	50.0	5.58	-5.74	20.26	4.44	-5.33	20.65	-1.96	-15.60	-13.12
22Q3 (14)	89	0.0	27.14	1.90	-30.66	25.83	1.44	-31.1	61.8	5.97	46.68	41.13	36.14	-8.85	24.15	27.12	-1.92	3.91	5.76	-23.91	30.32	4.69	-23.99	29.92	2.08	-30.67	61.24	1.69	-30.74	60.95	5.92	-23.71	29.82	4.69	-23.99	29.92	7.65	16.70	43.30
22Q2 (13)	89	25.35	64.81	2.74	64.07	24.55	2.09	117.71	104.9	4.07	143.71	14.97	39.65	24.14	39.91	27.65	4.97	5.21	7.57	73.62	50.5	6.17	66.76	47.61	3.0	115.83	111.27	2.44	106.78	106.78	7.76	66.17	51.56	6.17	66.76	47.61	14.36	33.90	56.85
22Q1 (12)	71	1.43	33.96	1.67	3.73	24.63	0.96	-4.0	81.13	1.67	-71.36	24.63	31.94	4.58	28.69	26.34	1.19	1.58	4.36	-6.84	38.41	3.70	0.54	27.59	1.39	-2.8	78.21	1.18	5.36	63.89	4.67	0.65	28.65	3.70	0.54	27.59	4.75	5.17	4.18
21Q4 (11)	70	0.0	34.62	1.61	6.62	41.23	1.00	12.36	100.0	5.83	37.83	56.3	30.54	4.91	27.78	26.03	-0.27	1.96	4.68	5.88	57.05	3.68	1.94	48.99	1.43	10.85	101.41	1.12	6.67	89.83	4.64	1.75	49.2	3.68	1.94	48.99	3.82	-12.37	-0.20
21Q3 (10)	70	29.63	34.62	1.51	-31.36	75.58	0.89	-12.75	140.54	4.23	19.49	62.07	29.11	2.72	29.49	26.10	-0.68	4.78	4.42	-12.13	87.29	3.61	-13.64	82.32	1.29	-9.15	143.4	1.05	-11.02	133.33	4.56	-10.94	82.4	3.61	-13.64	82.32	8.45	16.41	39.85
21Q2 (9)	54	1.89	25.58	2.20	64.18	117.82	1.02	92.45	218.75	3.54	164.18	69.38	28.34	14.18	42.56	26.28	1.35	0.84	5.03	59.68	110.46	4.18	44.14	90.87	1.42	82.05	195.83	1.18	63.89	168.18	5.12	41.05	84.84	4.18	44.14	90.87	9.02	40.86	49.23
21Q1 (8)	53	1.92	23.26	1.34	17.54	24.07	0.53	6.0	43.24	1.34	-64.08	24.07	24.82	3.85	23.18	25.93	1.57	5.28	3.15	5.7	18.42	2.90	17.41	27.75	0.78	9.86	44.44	0.72	22.03	56.52	3.63	16.72	26.92	2.90	17.41	27.75	5.08	25.05	20.57
20Q4 (7)	52	0.0	23.81	1.14	32.56	31.03	0.50	35.14	117.39	3.73	42.91	14.77	23.9	6.32	30.74	25.53	2.49	0.59	2.98	26.27	52.82	2.47	24.75	31.38	0.71	33.96	97.22	0.59	31.11	63.89	3.11	24.4	25.4	2.47	24.75	31.38	9.70	8.86	25.38
20Q3 (6)	52	20.93	23.81	0.86	-14.85	-3.37	0.37	15.62	19.35	2.61	24.88	8.3	22.48	13.08	31.54	24.91	-4.41	2.09	2.36	-1.26	-9.92	1.98	-9.59	-9.17	0.53	10.42	17.78	0.45	2.27	21.62	2.50	-9.75	-9.09	1.98	-9.59	-9.17	5.87	-10.66	1.05
20Q2 (5)	43	0.0	16.22	1.01	-6.48	1.0	0.32	-13.51	18.52	2.09	93.52	22.22	19.88	-1.34	25.43	26.06	5.81	10.33	2.39	-10.15	-6.64	2.19	-3.52	-5.6	0.48	-11.11	17.07	0.44	-4.35	18.92	2.77	-3.15	-4.81	2.19	-3.52	-5.6	-	-	0.00
20Q1 (4)	43	2.38	0.0	1.08	24.14	0.0	0.37	60.87	0.0	1.08	-66.77	0.0	20.15	10.23	0.0	24.63	-2.96	0.0	2.66	36.41	0.0	2.27	20.74	0.0	0.54	50.0	0.0	0.46	27.78	0.0	2.86	15.32	0.0	2.27	20.74	0.0	-	-	0.00
19Q4 (3)	42	0.0	0.0	0.87	-2.25	0.0	0.23	-25.81	0.0	3.25	34.85	0.0	18.28	6.96	0.0	25.38	4.02	0.0	1.95	-25.57	0.0	1.88	-13.76	0.0	0.36	-20.0	0.0	0.36	-2.7	0.0	2.48	-9.82	0.0	1.88	-13.76	0.0	-	-	0.00
19Q3 (2)	42	13.51	0.0	0.89	-11.0	0.0	0.31	14.81	0.0	2.41	40.94	0.0	17.09	7.82	0.0	24.40	3.3	0.0	2.62	2.34	0.0	2.18	-6.03	0.0	0.45	9.76	0.0	0.37	0.0	0.0	2.75	-5.5	0.0	2.18	-6.03	0.0	-	-	0.00
19Q2 (1)	37	0.0	0.0	1.00	0.0	0.0	0.27	0.0	0.0	1.71	0.0	0.0	15.85	0.0	0.0	23.62	0.0	0.0	2.56	0.0	0.0	2.32	0.0	0.0	0.41	0.0	0.0	0.37	0.0	0.0	2.91	0.0	0.0	2.32	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	14.64	5.15	6.1	70.58	7.7	42.57	N/A	-
2024/4	13.92	-0.68	2.59	55.94	8.13	41.7	N/A	-
2024/3	14.01	1.77	7.91	42.02	10.09	42.02	0.7	-
2024/2	13.77	-3.28	17.36	28.01	11.22	41.64	0.7	-
2024/1	14.24	4.44	5.86	14.24	5.86	41.7	0.7	-
2023/12	13.63	-1.45	6.73	161.28	10.58	41.93	0.67	-
2023/11	13.83	-4.37	15.48	147.65	10.95	41.8	0.67	-
2023/10	14.47	7.13	9.78	133.82	10.5	41.73	0.67	-
2023/9	13.5	-1.83	10.05	119.35	10.59	40.55	0.68	-
2023/8	13.76	3.49	13.04	105.85	10.66	40.32	0.69	-
2023/7	13.29	0.15	12.99	92.09	10.31	40.36	0.69	-
2023/6	13.27	-3.78	10.08	78.8	9.88	40.63	0.7	-
2023/5	13.79	1.68	-6.23	65.53	9.83	40.35	0.7	-
2023/4	13.57	4.46	4.59	51.73	15.09	38.28	0.74	-
2023/3	12.99	10.68	20.69	38.17	19.35	38.17	0.74	-
2023/2	11.73	-12.75	19.79	25.18	18.67	37.95	0.75	-
2023/1	13.45	5.29	17.71	13.45	17.71	38.2	0.74	-
2022/12	12.77	6.61	28.01	145.84	29.41	37.93	0.69	-
2022/11	11.98	-9.09	20.4	133.07	29.55	37.43	0.7	-
2022/10	13.18	7.4	24.48	121.09	30.53	37.62	0.7	-
2022/9	12.27	0.83	27.47	107.91	31.31	36.2	0.71	-
2022/8	12.17	3.44	24.64	95.64	31.82	35.99	0.72	-
2022/7	11.76	-2.42	21.15	83.48	32.93	38.53	0.67	-
2022/6	12.06	-18.05	28.83	71.71	35.09	39.74	0.61	-
2022/5	14.71	13.41	36.49	59.66	36.43	38.44	0.63	-
2022/4	12.97	20.54	60.38	44.95	36.41	33.52	0.72	因疫情影響，民生及防疫用品需求增加
2022/3	10.76	9.85	31.7	31.98	28.61	31.98	0.65	-
2022/2	9.79	-14.27	18.44	21.22	27.1	31.2	0.66	-
2022/1	11.42	14.49	35.6	11.42	35.6	31.35	0.66	-
2021/12	9.98	0.28	23.11	112.69	30.65	30.51	0.6	-
2021/11	9.95	-6.0	25.21	102.72	31.43	30.16	0.61	-
2021/10	10.59	9.98	37.56	92.77	32.14	29.97	0.61	-
2021/9	9.63	-1.4	28.91	82.18	31.47	29.1	0.64	-
2021/8	9.76	0.55	29.77	72.55	31.82	28.83	0.65	-
2021/7	9.71	3.76	29.51	62.79	32.14	29.84	0.63	-
2021/6	9.36	-13.18	40.31	53.08	32.63	28.22	0.64	-
2021/5	10.78	33.27	62.21	43.73	31.1	27.03	0.67	因疫情影響，民生及防疫用品需求增加
2021/4	8.09	-1.01	24.11	32.95	23.36	24.52	0.74	-
2021/3	8.17	-1.19	15.53	24.86	23.12	24.86	0.63	-
2021/2	8.27	-1.86	26.85	16.69	27.21	24.8	0.63	-
2021/1	8.42	3.95	27.56	8.42	27.56	24.48	0.64	-
2020/12	8.1	1.99	31.49	86.25	30.8	23.75	0.62	-
2020/11	7.95	3.26	34.07	78.15	30.73	23.11	0.63	-
2020/10	7.7	3.06	27.37	70.2	30.36	22.68	0.64	-
2020/9	7.47	-0.74	29.85	62.51	30.74	22.49	0.63	-
2020/8	7.52	0.34	28.81	55.04	30.86	21.69	0.66	-
2020/7	7.5	12.41	33.71	47.52	31.19	20.81	0.69	-
2020/6	6.67	0.37	25.22	40.02	30.73	19.83	0.77	-
2020/5	6.64	1.96	24.42	33.35	31.89	20.23	0.76	-
2020/4	6.52	-7.85	26.38	26.71	33.89	20.1	0.76	-
2020/3	7.07	8.48	37.29	20.19	36.5	20.19	0.71	-
2020/2	6.52	-1.31	41.42	13.12	36.08	19.29	0.75	-
2020/1	6.6	7.15	31.2	6.6	31.2	18.69	0.77	-
2019/12	6.16	3.99	28.54	65.94	34.54	18.13	0.64	-
2019/11	5.93	-1.89	27.92	59.78	35.19	17.72	0.65	-
2019/10	6.04	5.07	31.72	53.85	36.04	17.63	0.66	-
2019/9	5.75	-1.54	34.96	47.81	36.61	17.2	0.59	-
2019/8	5.84	4.16	36.1	42.06	36.84	16.77	0.61	-
2019/7	5.61	5.27	38.24	36.22	36.96	0.0	N/A	-
2019/6	5.33	-0.26	38.53	30.61	36.19	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)	111	24.72	5.77	-23.98	5.58	-7.31	161.44	10.84	27.79	0.91	4.99	-15.71	4.13	-14.14	8.06	-6.5	8.42	-4.54	6.66	-4.86
2022 (9)	89	27.14	7.59	36.02	6.02	74.49	145.65	29.11	27.54	5.56	5.92	35.78	4.81	33.24	8.62	75.2	8.82	72.94	7.0	71.99
2021 (8)	70	34.62	5.58	55.0	3.45	121.15	112.81	30.55	26.09	3.2	4.36	67.05	3.61	61.88	4.92	118.67	5.1	109.88	4.07	109.79
2020 (7)	52	23.81	3.60	24.14	1.56	64.21	86.41	30.88	25.28	4.59	2.61	20.83	2.23	9.85	2.25	58.45	2.43	42.11	1.94	42.65
2019 (6)	42	20.0	2.90	2.84	0.95	11.76	66.02	34.71	24.17	-1.75	2.16	-14.96	2.03	-6.02	1.42	13.6	1.71	26.67	1.36	28.3
2018 (5)	35	12.9	2.82	-14.8	0.85	11.84	49.01	35.24	24.60	-3.11	2.54	-15.05	2.16	-23.4	1.25	15.74	1.35	8.87	1.06	3.92
2017 (4)	31	19.23	3.31	-5.7	0.76	7.04	36.24	29.34	25.39	4.87	2.99	-16.94	2.82	-14.8	1.08	6.93	1.24	8.77	1.02	9.68
2016 (3)	26	13.04	3.51	7.01	0.71	42.0	28.02	29.72	24.21	-2.77	3.60	-1.64	3.31	-7.8	1.01	27.85	1.14	15.15	0.93	20.78
2015 (2)	23	9.52	3.28	-29.16	0.50	-5.66	21.6	29.96	24.90	-13.33	3.66	-25.76	3.59	-37.78	0.79	-3.66	0.99	-16.1	0.77	-19.79
2014 (1)	21	40.0	4.63	3.58	0.53	51.43	16.62	50.95	28.73	0	4.93	0	5.77	0	0.82	57.69	1.18	47.5	0.96	41.18