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)47-2.08-2.080.31181.58-27.910.32223.08-62.35-0.4242.47-156.00.8117.39-39.151.01-4.78-7.57-2.2980.26-108.6218.04168.6715.64-0.0275.0-105.710.15183.33-28.57-1.9690.62-116.3518.04168.6715.641.2986.51-55.12
24Q2 (19)480.00.0-0.38-8.57-322.22-0.26-333.33-252.94-0.73-108.57-335.480.69-14.81-24.1853.57-2.85-14.9-11.60-436.23-159.52-26.27-25.57-481.19-0.08-366.67-144.44-0.18-5.88-350.0-20.90-51.89-441.5-26.27-25.57-481.19-11.38-30.37-134.31
24Q1 (18)480.00.0-0.35-52.17-187.5-0.0664.71-115.0-0.35-167.31-187.50.81-7.95-2.4155.14-35.34-24.053.45-88.89-88.42-20.92-68.71-191.670.03-88.89-88.0-0.17-54.55-189.47-13.76-149.43-146.35-20.92-68.71-191.67-20.89-102.83-27.65
23Q4 (17)480.00.0-0.23-153.49-125.56-0.17-120.0-134.690.52-30.67-86.530.88-33.83-20.7285.2854.5248.9331.0516.8216.03-12.40-179.49-132.080.27-22.86-10.0-0.11-152.38-125.5827.84132.19-37.58-12.40-179.49-132.086.16212.14140.00
23Q3 (16)480.00.00.43577.78-38.570.85400.0-38.410.75141.94-74.751.3346.15-25.755.19-12.33-13.5426.5836.38-37.8215.60445.13-16.80.3594.44-54.550.21625.0-38.2411.9995.92-52.9615.60445.13-16.827.89227.64171.25
23Q2 (15)480.00.0-0.09-122.5-118.750.17-57.5-82.290.31-22.5-86.340.919.64-20.8762.95-13.29-18.0319.49-34.58-62.5-4.52-119.81-122.610.18-28.0-70.0-0.04-121.05-117.396.12-79.39-81.2-4.52-119.81-122.61-7.79-89.03-37.94
23Q1 (14)480.00.00.40-55.56-77.650.40-18.37-80.390.40-89.64-77.650.83-25.23-45.3972.6026.79-9.8729.7911.32-59.0722.82-40.96-59.480.25-16.67-77.480.19-55.81-77.9129.69-33.43-55.1522.82-40.96-59.48-31.61-13.50-41.43
22Q4 (13)480.00.00.9028.57-30.230.49-64.49-58.823.8629.97-27.991.11-37.99-36.9357.26-10.29-30.226.76-37.4-37.1738.65106.1310.110.3-61.04-60.00.4326.47-30.6544.6074.97-3.6138.65106.1310.118.8337.20-10.37
22Q3 (12)480.00.00.7045.83-54.251.3843.75-7.382.9730.84-27.031.7955.65-0.5663.83-16.89-10.0742.75-17.76-12.2918.75-6.2-53.790.7728.33-12.50.3447.83-53.4225.49-21.71-49.5518.75-6.2-53.7915.65-13.68-4.59
22Q2 (11)480.00.00.48-73.18-71.080.96-52.94-25.02.2726.82-10.631.15-24.349.5276.80-4.660.0351.98-28.59-19.1519.99-64.51-73.460.6-45.95-11.760.23-73.26-70.8932.56-50.82-60.6719.99-64.51-73.46-18.99-17.219.25
22Q1 (10)480.00.01.7938.76103.412.0471.43124.181.79-66.6103.411.52-13.6438.1880.55-1.811.072.7970.9170.7956.3260.4646.781.1148.0136.170.8638.71104.7666.2043.0759.7156.3260.4646.78-7.9311.5425.65
21Q4 (9)480.00.01.29-15.69122.411.19-20.1305.3631.797.061.76-2.2253.0482.0315.5721.1742.59-12.629804.6535.10-13.546.190.75-14.7700.62-15.07121.4346.27-8.4388.735.10-13.546.1934.61-11.76-1.86
21Q3 (8)480.00.01.53-7.83118.571.4916.41396.674.0760.2490.191.871.4363.6470.98-7.5510.7348.74-24.19102.3240.58-46.1234.150.8829.41225.930.73-7.59121.2150.53-38.9721.040.58-46.1234.1533.4440.4128.53
21Q2 (7)480.00.01.6688.641283.331.2840.66500.02.54188.6475.171.05-4.55169.2376.785.811.2964.2950.84277.375.3196.27406.460.6844.68585.710.7988.11216.6782.7999.73372.2875.3196.27406.46-4.4570.1820.33
21Q1 (6)480.00.00.8851.72-33.830.910-33.090.88-67.65-33.831.1-4.35-20.8672.577.19-13.242.629811.63-27.3938.3759.81-15.760.470-42.680.4250.0-33.3341.4569.05-28.9138.3759.81-15.760.1017.29-50.00
20Q4 (5)480.00.00.58-17.14-87.420.00-100.0-100.02.7227.1-81.71.154.55-52.8767.705.62-23.440.43-98.22-99.3824.01-20.63-73.430-100.0-100.00.28-15.15-87.2724.52-41.28-71.9524.01-20.63-73.43--0.00
20Q3 (4)480.00.00.70483.330.00.30193.750.02.1447.590.01.1182.050.064.10-7.090.024.09166.440.030.25103.430.00.27292.860.00.33450.00.041.76138.220.030.25103.430.0--0.00
20Q2 (3)480.00.00.12-90.980.0-0.32-123.530.01.459.020.00.39-71.940.068.99-17.490.0-36.26-161.770.014.87-67.350.0-0.14-117.070.00.06-90.480.017.53-69.940.014.87-67.350.0--0.00
20Q1 (2)480.00.01.33-71.150.01.36-63.930.01.33-91.050.01.39-43.030.083.61-5.450.058.70-15.970.045.55-49.60.00.82-51.760.00.63-71.360.058.31-33.280.045.55-49.60.0--0.00
19Q4 (1)480.00.04.610.00.03.770.00.014.860.00.02.440.00.088.430.00.069.860.00.090.370.00.01.70.00.02.20.00.087.400.00.090.370.00.0--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)
2024/100.24-36.33-23.972.54-25.080.78N/A-
2024/90.37123.49-26.722.3-25.20.811.78-
2024/80.17-37.19-46.561.93-24.90.751.91-
2024/70.27-16.61-47.611.76-21.880.751.91-
2024/60.3290.32-23.11.49-14.350.691.47-
2024/50.17-14.71-26.291.17-11.60.881.14-
2024/40.2-62.06-25.671.0-8.550.881.15-
2024/30.52217.4227.670.81-3.090.811.25-
2024/20.1633.08-39.810.29-32.550.561.81-
2024/10.12-54.77-19.650.12-19.650.691.46-
2023/120.27-8.34-13.53.96-28.830.881.41-
2023/110.3-5.39-17.113.69-29.751.121.11-
2023/100.31-38.63-28.053.39-30.681.141.09-
2023/90.5162.99-31.673.08-30.931.330.87-
2023/80.31-38.42-27.692.56-30.781.260.92-
2023/70.5115.49-16.232.28-30.441.180.98-
2023/60.4493.3-15.621.77-33.680.930.86-
2023/50.23-13.99-20.841.33-38.090.90.89-
2023/40.27-34.82-20.631.1-40.770.940.85-
2023/30.4149.62-34.720.83-45.210.831.17-
2023/20.2777.66-35.140.43-52.510.741.31由於疫情管控政策放開,校園營運現仍處於恢復階段。幼教用品銷售因開園有所回升,顧問及軟體收入仍受影響。
2023/10.15-51.31-67.810.15-67.810.831.17由於疫情管控政策放開,全部校園提前放假緊跟寒假,導致顧問收入及幼教用品銷售受到較大影響。
2022/120.31-12.17-56.985.56-2.611.110.89由於疫情管控政策放開,導致校園大部分提前放假,顧問收入及幼教用品銷售受到較大影響。
2022/110.36-17.88-28.955.255.361.540.64-
2022/100.44-41.73-16.394.899.221.620.61-
2022/90.7572.54.774.4512.61.790.68-
2022/80.43-28.66-8.613.7114.321.560.78-
2022/70.6116.33-0.713.2718.261.420.86-
2022/60.5281.3412.222.6623.651.150.77-
2022/50.29-13.763.682.1426.811.250.71-
2022/40.33-46.398.131.8531.371.380.64-
2022/30.6248.6633.451.5237.891.520.55-
2022/20.42-11.8346.290.941.171.630.52-
2022/10.48-34.9136.930.4836.931.710.49-
2021/120.7345.0472.595.7141.691.760.52部分地區受疫情影響而持續有停課狀況,影響顧問收入,幼教用品銷售穩定。
2021/110.5-3.3639.154.9838.071.740.53-
2021/100.52-26.9743.534.4837.951.710.54-
2021/90.7150.4562.823.9637.241.80.52部分地區受疫情影響顧問費還需折扣處理,幼教用品產品穩定銷售。
2021/80.47-22.4982.333.2432.651.550.6受近期疫情零星影響,顧問折扣維持先前水準,幼教用品仍有學期性訂單貢獻
2021/70.6131.4951.912.7726.731.360.69顧問服務折扣緩步降低,幼教用品學期訂單逐步恢復訂購,於7月正常發貨。
2021/60.4767.55184.332.1521.021.051.06去年同期大部分幼兒園客戶仍全數停課,目前已正常上課,顧問費雖保持折扣但折扣幅度已有降低,幼教用品訂購恢復正常。
2021/50.28-10.07123.591.694.471.051.06去年同期幼兒園大部分客戶仍全數停課。目前雖有折扣,但客戶已正常上課。
2021/40.31-33.84210.681.41-5.441.061.05去年同期幼兒園客戶仍全數停課。目前雖有折扣,但客戶已正常上課,顧問及幼教用品銷量皆有大幅年成長率。
2021/30.4762.9770.051.1-20.891.10.96相較去年同期,本公司客戶皆恢復正常營運,因此給予折扣已有降低。幼教用品隨著幼生返校狀況良好,銷售較去年同期成長。
2021/20.29-17.477.60.63-43.251.061.0-
2021/10.35-17.96-59.170.35-59.171.130.94受部分幼兒園提前放寒假及部分客戶累積虧損仍在之影響,顧問及軟件收入仍呈現較大幅度的衰退。
2020/120.4216.94-57.464.03-63.191.151.01客戶營運仍有受疫情影響,本公司顧問服務、幼教用品及軟件服務銷售皆呈現衰退。
2020/110.36-0.32-51.753.61-63.771.161.0全部客戶已開學,但疫情期間造成的累積虧損仍在,本公司仍給予顾问及软件折扣。
2020/100.36-17.16-47.443.25-64.751.061.09多數客戶已陸續開學,但疫情期間造成的累積虧損仍在,本公司仍給予折扣。
2020/90.4468.48-61.882.88-66.151.11.13多數客戶已陸續開學,但疫情期間造成的累積虧損仍在,本公司仍給予折扣
2020/80.26-35.42-74.42.44-66.820.831.5八月顧問折扣維持七月水準。幼教用品及軟件仍受疫情影響而銷售量降低。
2020/70.4146.11-68.882.18-65.610.691.79幼兒園客戶陸續開學,七月份顧問折扣些許減少。因幼生尚未全數返校,幼教用品及軟件銷售量偏低。
2020/60.1631.75-79.111.78-64.770.393.59幼兒園客戶陸續開學,六月份顧問折扣些許減少。因幼生尚未全數返校,幼教用品及軟件銷售量偏低。
2020/50.1224.95-83.991.62-62.130.52.79五月份幼兒園開園數量仍低,公司仍給予折扣或免除顧問費。幼教用品與軟件亦受未開園影響而衰退。
2020/40.1-63.79-86.541.49-57.270.642.17受新冠肺炎影響,中國大陸多數幼兒園仍未開園,本公司仍給予幼兒園客戶折扣與免除部分服務費。
2020/30.273.12-73.781.39-49.41.390.94受新冠肺炎影響,中國大陸各地幼兒園仍未開學,目前僅有線上英文教學及維護費收入。顧問費維持原折扣幅度。
2020/20.27-68.69-68.371.12-34.412.110.62因幼兒園客戶全數停課,顧問合約進行調整,2月份之顧問費給予折扣,調整差額將個別與幼兒園再簽訂顧問合約延長協議。
2020/10.85-14.51-1.190.85-1.192.60.5-
2019/121.032.634.4910.9512.060.0N/A-
2019/110.758.565.439.9612.880.0N/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)480.00.52-86.531.28-73.613.96-28.7867.34-3.4726.62-46.416.25-81.191.05-61.960.71-69.530.25-86.49
2022 (9)480.03.86-27.854.850.05.56-2.6369.76-7.9149.672.3533.23-25.942.76-0.362.33-23.611.85-27.73
2021 (8)480.05.3596.694.85261.945.7141.6975.754.7348.53106.644.8739.02.77191.583.0588.272.5696.92
2020 (7)480.02.72-81.651.34-90.084.03-63.272.33-15.023.49-66.2532.28-50.270.95-87.531.62-80.691.3-81.72
2019 (6)4826.3214.828.113.5129.910.9512.0885.09-0.0869.602.0164.9120.747.6214.248.3919.357.1135.43
2018 (5)3811.7613.7115.610.4027.619.7720.4785.163.6868.235.1553.762.196.6726.817.0323.125.2522.95
2017 (4)343.0311.8621.648.1519.338.1111.2582.141.5364.895.7752.6114.255.2617.675.7123.594.2727.08
2016 (3)336.459.7521.726.8345.947.2918.3480.901.261.3516.4446.0513.144.4737.964.6230.143.3633.86
2015 (2)316.98.0113.784.6821.566.1629.1479.94-2.2552.69-3.1140.70-5.963.2424.623.5524.562.5121.26
2014 (1)290.07.0418.523.8513.244.774.3881.78054.38043.2802.615.562.8518.752.0718.97

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