Ask AI to review this stock
Copy the prompt to get recent events, historical reactions, and a short research brief.
Tell your AI:
Help me set up FinLab and analyze 2911 麗嬰房. Please read: https://finlab.finance/en/setup?stock=2911
2911
quality needs a look, discounted valuation, no active signal today.
Is 麗嬰房 a buy? Fundamentals and valuation first
-
Weak profitability.Operating margin is in the 14th market percentile. Latest quarterly ROE ≈ 5.6%.
-
Valuation is low.PE is in the 0th market percentile; within its own history, PE is around the 1th percentile.
-
Foreign investors are net selling.Foreign 20-day net flow ≈ -1.2% of volume (net sell).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price +56% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 凱基-站前 has accumulated 539 lots since the start (sold 2%), still adding.
- Main distributor 富邦-員林 peaked at 221 lots, has sold 59%, 91 left, paused recently.
- TDCC big holders (absolute) >1000-lot holders +1.71pp, mid holders +0, retail -1.03pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -101 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 凱基-站前 +539
- 台灣摩根士丹利 +449
- 台新證券 +399
- 玉山-大里 +373
- 台新 +270
- 群益金鼎-內湖 +225
Distributing
- 富邦-員林 91 left
- 元大-新莊 94 left
- 玉山證券 38 left
- 新光-桃園 12 left
- 元大-北港 39 left
- 永豐金-三重 49 left
Desks
- 永豐金證券 -489
- 統一-台中 -309
- 新光 -225
- 統一-城中 -189
Direction matches: big-holder share rose while retail share fell.
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 You are here | 55 | -71.6% | -77.7% | 0% | -443.9% |
| 20-40 | 0 | Insufficient data | |||
| 40-60 | 10 | Insufficient data | |||
| 60-80 | 52 | -41.9% | -43.1% | 0% | -109.2% |
| 80-100 | 151 | -48.1% | -47.6% | 0% | -101.6% |
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 ≈ 2.1, at the 0.7th percentile of its own history (0-20 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.
(19d)
(10d)
Currently in “Cheap (own-history bottom 1/3) × 60-day momentum up”: across 56 historical days, 120-day forward avg declined 24.1%, win rate 0%, lagged the market by 20.4%.
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.
11 times historically; 60-day forward avg +0.72%, win rate 40%, beating the market by -2.43 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).
14 times historically; 60-day forward avg +9.84%, win rate 50%, beating the market by +4.64 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.
60 times historically; 60-day forward avg -3.56%, win rate 33.9%, beating the market by -7.05 pts on average.
What does 麗嬰房 do? Company profile
Overview
2911 對應證券為台灣證券交易所上市普通股「麗嬰房」。公司前身為麗嬰房有限公司，公開市場資料顯示股份有限公司成立日為 1973/06/18，總部位於台北市內湖區陽光街321巷60號，上市日期為 1997/01/18。鉅亨網與 Yahoo 股市資料顯示董事長為林柏蒼、總經理為陳仁沛、發言人為尤淑儀，實收資本額約新台幣10.51億元，已發行普通股約1.051億股；2026/06/05 董事會公告改選後董事長仍為林柏蒼。主要股東與內部人持股依公開市場資料包含林柏蒼、林泰生、曾家宏等，但本次未取得可完整核對至 2026/06/17 的最新股東名冊。公司自 2024 年辦理減資彌補虧損，2025 年因累積虧損與會計師對繼續經營能力重大不確定性意見而被列變更交易方法／全額交割相關交易限制；2026 年公告投資性不動產會計政策改採公允價值模式，重估後有助改善淨值與負債比。員工規模未能以公開可查證來源確認最新數字。
Business
麗嬰房為台灣老牌嬰幼童服飾與婦幼用品通路商，核心業務涵蓋嬰幼童服飾、童鞋、嬰童用品、玩具、家具、鞋襪、飾品等百貨商品之設計、採購、製造委外、代理與零售。自有品牌包括 Les Enphants、simple by les enphants、Nac Nac、my nuno 等；代理／經銷品牌與授權品牌曾包含 Sanrio、adidas、PUMA、carter’s、Combi、Nuby 等。公司商業模式由過去「自有品牌＋實體門市／百貨專櫃＋中國通路」逐步轉向輕資產平台，包含台灣門市與專櫃、官方電商、外部品牌代理、IP 聯名、授權製造、第三方供應鏈服務與第三方物流服務。2024 年資料顯示嬰童服飾用品內銷約 98%、租賃業務約 2%；113 年度合併營收約新台幣28.06億元，其中台灣地區年報摘要提到營收約18.77億元、全省門市專櫃約184家，中國子公司營收約9.29億元。主要終端客群為孕嬰童家庭、0-8歲嬰幼童及 6-12歲中大童市場；主要通路包含自有門市、百貨專櫃、官方購物網與其他電商。
Outlook 2025–2028
2025 年是公司結構調整關鍵年：公開報導指出公司處分上海子公司、縮減中國實體門市與專櫃、結束台灣自有工廠生產，將生產全面委外，並把既有廠房／物流能力轉向第三方物流；這些措施降低重資產與庫存壓力，但也使短期營收規模下滑。2026 年公司管理層公開表示進入營運爬坡期並啟動「六大事業體轉型計畫」，其中供應鏈事業被視為重點，將過去服務自有品牌的設計、採購、生產與產地配置能力開放給第三方品牌；物流事業則從自用倉儲配送擴展至 B2B 與 3PL，報導提到客戶約15家、多為零售品牌，另有大型客戶電商物流服務。2026 年起亦取得中大童品牌 moodytiger 台灣總代理，嘗試擴大年齡層與中高價童裝客群。2027-2028 年潛在成長動能主要來自第三方供應鏈訂單逐步轉營收，因品牌商品從下單到出貨約需 6-9 個月，管理層預期貢獻需到 2027 甚至 2028 年才較明顯；另包括物流營收占比提升、電商與中國輕資產模式、IP 聯名與授權製造、資料服務／CRM／零售媒體網路等新業務。主要風險包括台灣與中國少子化、童裝需求總量萎縮、快時尚與跨境電商價格競爭、品牌代理效益不確定、第三方供應鏈與物流客戶取得速度低於預期、物流人力瓶頸、處分中國業務後規模經濟下降、公司近年虧損與繼續經營能力疑慮、交易方法限制對籌資與投資人信心的影響。
Supply Chain
- 國內平織布、針織布及成衣委外加工廠商（未揭露個別公司） 年報與產業資料指出嬰幼童服飾主要原料為全棉、CVC 或環保素材平織布／針織布，過去多由國內廠商供應；2024 年底後自有工廠停產，生產改為全面委外，未揭露個別供應商名稱。
- 中國及非中國產地供應鏈夥伴（未揭露個別公司） 公司 2026 年轉型重點為供應鏈服務，管理層表示已建立涵蓋中國境內及中國以外市場的供應鏈網絡，可依客戶需求配置產地；未揭露個別公司。
- Sanrio、adidas、PUMA、carter’s、Combi、Nuby 等品牌商 屬授權、代理或經銷品牌來源；多為海外或非台股掛牌公司，stock_id 依規範填 null。
- 麗嬰房自有門市、百貨專櫃與官方購物網 公司自有核心零售通路，銷售嬰幼童服飾、童鞋、用品與玩具；2024 年台灣門市專櫃約184家。
- 新光三越百貨股份有限公司 百貨專櫃通路；新光三越為台灣未上市公司，公開門市資料列有 LES ENPHANTS 麗嬰房專櫃。
- 遠東SOGO百貨 百貨專櫃通路；遠東SOGO為非台股上市櫃百貨通路，公開社群與門市資訊可見麗嬰房專櫃。
- 第三方物流 B2B／3PL 客戶（未揭露名單） 公司物流事業除支援自有需求外，2026 年報導指出已承接大型客戶電商物流服務，B2B 與 3PL 客戶約15家，多為零售品牌；未揭露公司名單。
- 孕嬰童家庭與0-12歲兒童消費者 終端消費客群，包含0-8歲嬰幼童市場及6-12歲中大童市場。
Competitors
- 東凌 台灣嬰童服飾／用品品牌競爭者，未確認為台股上市櫃公司。
- 奇哥 台灣嬰童用品與服飾品牌競爭者，未確認為台股上市櫃公司。
- 愛的世界 台灣童裝零售品牌競爭者，未確認為台股上市櫃公司。
- 百事特／儀大 台灣童裝品牌競爭者，未確認為台股上市櫃公司。
- 好孩子國際 中國嬰童用品與童裝相關競爭者，為香港上市公司而非台股上市櫃，stock_id 依規範填 null。
- 電商與快時尚童裝品牌 包含跨境電商、快時尚品牌與網路原生童裝品牌；公司報導指出其對童裝市場造成價格與通路競爭壓力。
Sources（15）
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.