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Help me set up FinLab and analyze 1339 昭輝. Please read: https://finlab.finance/en/setup?stock=1339
1339
quality needs a look, discounted valuation, no active signal today.
Is 昭輝 a buy? Fundamentals and valuation first
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Weak profitability.Operating margin is in the 27th market percentile. Latest quarterly ROE ≈ 5.4%.
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Valuation is low.PE is in the 8th market percentile; within its own history, PE is around the 34th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 3.6% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price -5% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 兆豐-公益 has accumulated 616 lots since the start (sold 0%), still adding.
- Main distributor 國泰-台中 peaked at 76 lots, has sold 58%, 32 left, ~9 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders +0.91pp, mid holders -3, retail +1.13pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -57 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 兆豐-公益 +616
- 富邦-板橋 +409
- 凱基-台北 +85
- 美林 +77
- 台灣摩根士丹利 +72
- 元大-沙鹿 +67
Distributing
- 國泰-台中 32 left
- 群益金鼎-延平 41 left
- 元大-鹿港 36 left
- 統一-屏東 12 left
- 國泰-板橋 14 left
- 日茂 6 left
Desks
- 美好-高雄 -550
- 華南永昌-高雄 -477
- 玉山-板橋 -458
- 國票-北高雄 -150
Mixed direction: big-holder and retail changes are not aligned.
Describes chip flow, not investment advice. Branch data discloses only high-volume branches with ~1-day lag; TDCC is weekly. Inventory is a relative reconstruction from the window start, not absolute holdings.
Historical evidence
Valuation regime and subsequent returns
Each day's PE is converted to its own-history percentile (as of that day), then we look at adjusted-close returns over the next 240 trading days by valuation regime.
| PE percentile band | Sample days | 240-day avg return | Median | Win rate | Avg excess (vs index) |
|---|---|---|---|---|---|
| 0-20 | 782 | +20.6% | +11.1% | 67.3% | +3% |
| 20-40 You are here | 614 | -0.9% | -10.2% | 30.8% | -27.9% |
| 40-60 | 310 | -12.4% | -16.2% | 25.8% | -40.5% |
| 60-80 | 357 | -5.1% | -4.6% | 41.5% | -17.2% |
| 80-100 | 378 | +0.9% | -7.8% | 44.7% | -6.5% |
Percentiles use an expanding own-history window (no look-ahead); forward return is 240 trading days on adjusted close. Sample days overlap; distribution is indicative only.
Current PE ≈ 10.27, at the 33.7th percentile of its own history (20-40 band).
Valuation × momentum historical grid
Every day in its own history is bucketed by valuation tercile (own-history PE) and 60-day momentum sign into six cells; we show adjusted-close returns over the next 120 trading days per cell.
Currently in “Mid × 60-day momentum up”: across 389 historical days, 120-day forward avg declined 0%, win rate 48.8%, lagged the market by 10.5%.
Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.
Signals not active (historical stats for reference)
These are not occurring now; historical samples shown for comparison.
252-day price high (breakout)
PendingAdjusted close makes a new 252-day high; repeats within 20 days counted once.
20 times historically; 60-day forward avg +5.02%, win rate 40%, beating the market by +0.9 pts on average.
Monthly revenue YoY ≥ 20% (from filing deadline)
PendingMonthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).
32 times historically; 60-day forward avg +1.32%, win rate 45.2%, beating the market by -1.45 pts on average.
Foreign net buying for 5 straight days
PendingForeign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.
50 times historically; 60-day forward avg +1.74%, win rate 47.9%, beating the market by -0.51 pts on average.
What does 昭輝 do? Company profile
Overview
昭輝實業股份有限公司（英文 Y.C.C. Parts Mfg. Co., Ltd.，簡稱 Y.C.C.），成立於1986年3月，總部位於彰化縣鹿港鎮興業路8號（彰濱工業區）。2011年登錄興櫃、2012年4月24日於台灣證券交易所上市。實收資本額約新台幣7.41億元（741,238,750元），普通股74,123,875股。董事長為法人董事「禾翰投資股份有限公司」之代表人，總經理為林睿澤；公司網址 www.yccco.com.tw。產業類別為汽車零件業。生產以台灣彰濱廠為核心（含射出成型、電鍍、塗裝、模具、製袋等一貫化廠區），並於中國大陸設有常熟廠、遼寧廠、安徽懷寧廠。2025～2026年市值約43～44億元、股價約44～45元，每股淨值約53元、股價淨值比約1倍，現金殖利率約6.5%。（註：員工人數與主要股東明細未取得公開確切數字。）
Business
主力為汽車塑膠車體外觀零件之製造與銷售，核心產品為保險桿（約佔營收近七成、毛利率約30～35%，為主要獲利來源），其餘包含水箱護罩、下飾板、大燈支架等塑膠／鈑金零件。商業模式以售後維修市場（AM）為主（約佔九成），近年跨入OEM／ODM代工；產品多取得美國CAPA認證。市場高度集中於美國（美國／北美佔比約九成），主要透過北美最大AM零件通路商（如LKQ）銷售，最大客戶（市場通稱「N集團」）佔營收逾五成，客戶集中度偏高。內外銷比約四成內銷、近六成外銷，國內汽車零組件出口市占約9.6%。產業地位為台灣第二大汽車AM塑膠件廠（次於龍頭東陽）。
Outlook 2025–2028
成長動能來自北美AM碰撞件的結構性滲透率提升：美國最大產險公司State Farm自2022年起、並於2023年擴大以同等品質AM件理賠，加上車險保費通膨（美國車險成本一度年增逾22%），推升AM件滲透率（業界估自約20%升至2025年23～25%、2028年28～30%，等同整體市場再成長約25%）。昭輝受惠CAPA高毛利認證件放量、美國業務年增約15%，2026年第1季EPS約2.78元、連續成長創40季新高（近四季EPS約4.23元）。中長期動能含OEM／多角化布局與新模具開發（開模約9個月，研發費用創高預示後續訂單）。風險與挑戰：①客戶集中度過高（最大客戶逾五成，恐遭長期殺價）；②營收高度倚賴美國（約九成），易受美國汽車保險政策、景氣與美元匯率波動影響；③美國對等關稅與台美貿易協議（2026年稅率約降至15%）及中美貿易牽動成本與競爭力；④中國子公司營運拖累合併獲利；⑤擴廠折舊與塑化原料（油價連動）成本壓力。2025年營收一度走弱（如2025年11月單月營收約1.21億元、年減約32%，累計年減約12.7%），反映需求與基期波動。
Supply Chain
- 台灣化學纖維（台化） 1326 ABS、PP等塑膠粒（射出成型主原料）供應商
- 榮星紙業 紙箱／包裝材料供應商（未在台股掛牌）
- 塑化原料及射出／電鍍／塗裝設備供應商 塑膠粒成本受國際油價連動；部分生產設備自國外進口
- LKQ Corporation 美國最大汽車AM零件通路商，公司主要客戶（美國那斯達克上市，代號LKQ；非台股掛牌）
- 北美汽車售後維修（AM）市場與保險理賠體系 終端應用，碰撞件／保險桿等售後維修需求，受State Farm等產險公司採用AM件理賠帶動
- OEM整車廠（GM、Ford、Honda、Toyota、VW／上海大眾等） 近年跨入OEM／ODM代工之終端整車客戶（皆非台股掛牌）
Competitors
- 東陽實業（東陽） 1319 台灣及全球AM塑膠／鈑金件龍頭（塑膠AM件全球市占約70%），昭輝最主要競爭對手
- 帝寶工業（帝寶） 6605 AM車燈龍頭，同屬汽車售後維修零件同業（產品別不同）
- 堤維西交通工業（堤維西） 1522 AM車燈製造同業
- 中國大陸及海外AM塑件廠 中國大陸等地AM塑膠件廠商為價格競爭對手（多未於台股掛牌）
Sources（8）
This company profile is compiled from public sources (annual reports, filings, news and analyst reports), not finlab backtest data; the 2025–2028 outlook contains forward-looking estimates and is for reference only.
Method and limitations
- All returns use adjusted close (etl:adj_close), already adjusted for dividends and splits.
- Excess return is measured against the TAIEX total-return index (dividends included).
- Valuation regime and percentile stats use an expanding own-history window (no future data).
- Revenue-signal event dates align to the first trading day after the filing deadline, avoiding look-ahead.
- Event samples may overlap in time; stats describe historical distribution only and are less reliable when samples are few.
This page is historical statistics for educational purposes and is not investment advice. Investing involves risk; past performance does not indicate future results. Assess and bear the risk yourself before trading.