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3689

湧德 Electronic Components As of 2026-06-17 Updated daily after market close

steady quality, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 湧德 to your watchlist to track signal changes on your next visit.
Valuation 58Quality 71Growth 65Momentum 51Chips 73

Is 湧德 a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 67th market percentile. Latest quarterly ROE ≈ 3.8%.

  • Valuation is neutral.PE is in the 30th market percentile; within its own history, PE is around the 70th percentile.

  • Foreign investors are net buying.Foreign 20-day net flow ≈ 3.9% of volume (net buy).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 20.2%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Bearish -0.62
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 國票-北高雄 holds 1,503 lots
  • sellers have 2,735 lots left, ~62 sessions to clear

Window from 2026-01-17 · Price 0% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 國票-北高雄 has accumulated 1,503 lots since the start (sold 0%), holding.
  • Main distributor 台灣摩根士丹利 peaked at 2,067 lots, has sold 50%, 1,034 left, ~19 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders -4.13pp, mid holders -4, retail +6.78pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -2,401 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
國票-北高雄華南永昌-麻豆玉山-台南永豐金-屏東元富-敦南富邦-台南
Distributing
台灣摩根士丹利摩根大通玉山-桃園統一-松江合庫-自強兆豐-忠孝
Desks
own scale
彰銀香港上海匯豐國票-安和國泰-忠孝
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 國票-北高雄 +1,503
    sold 0%
  • 華南永昌-麻豆 +1,454
    sold 22%
  • 玉山-台南 +602
    sold 5%· still adding
  • 永豐金-屏東 +418
    sold 0%· still adding
  • 元富-敦南 +351
    sold 23%
  • 富邦-台南 +344
    sold 24%

Distributing

  • 台灣摩根士丹利 1,034 left
    sold 50%· ~19 sessions to clear
  • 摩根大通 778 left
    sold 41%· ~17 sessions to clear
  • 玉山-桃園 181 left
    sold 73%· paused recently
  • 統一-松江 309 left
    sold 40%· ~15 sessions to clear
  • 合庫-自強 104 left
    sold 64%· ~8 sessions to clear
  • 兆豐-忠孝 82 left
    sold 70%· paused recently

Desks

  • 彰銀 -2,230
    unclassified
  • 香港上海匯豐 -1,298
    hedge desk · will cover
  • 國票-安和 -808
    unclassified
  • 國泰-忠孝 -738
    unclassified
Still selling 2,735 lots ~62 sessions to bottom at most
Recent buy/sell force +1,619 absorbed / -1,770 sold sellers slightly ahead
Hedge-desk net short -1,571 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

Weak direction: big-holder share fell while retail share rose.

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

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 20.17%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

52 historical occurrences (since 2012-10-18)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 54.8%, Sample 31, Median +2.41%, Excess +0.41%, Beat mkt rate 48.4%；60-day: Win 58.6%, Sample 29, Median +4.62%, Excess +1.08%, Beat mkt rate 55.2%；120-day: Win 81.5%, Sample 27, Median +14.82%, Excess +5.42%, Beat mkt rate 74.1%

120 days after: historical avg +14.76%

20-day +1.91%
60-day +6%
120-day +14.76%
20-day
60-day
120-day
Win
54.8%
58.6%
81.5%
Sample
31
29
27
Median
+2.41%
+4.62%
+14.82%
Excess
+0.41%
+1.08%
+5.42%
Beat mkt rate
48.4%
55.2%
74.1%

Over 27 occurrences, 120-day forward avg gained 14.76%, beat the market by 5.42 pts; win rate 81.5%.

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 bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 293+59.8% +72.9% 89.8% +36.8%
20-40 266+28.5% +13.3% 62.8% +2.3%
40-60 410+11.7% -2.3% 46.1% -2.6%
60-80 You are here606+15.1% +21.3% 64.9% -0.6%
80-100 773+27% +21.3% 82.7% +5.4%

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 ≈ 16.04, at the 70.1th percentile of its own history (60-80 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.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
+36.2%
Win rate 75.8% Excess +24.5%
194d
+16.4%
Win rate 79.4% Excess -1.1%
344d
Now
+6.5%
Win rate 55.5% Excess -0.1%
805d
60-day momentum down
+4.8%
Win rate 50% Excess -5.8%
272d
+5.6%
Win rate 53.9% Excess -4.3%
440d
+19.5%
Win rate 77.5% Excess +10.3%
413d

Currently in “Expensive (own-history top 1/3) × 60-day momentum up”: across 805 historical days, 120-day forward avg gained 6.5%, win rate 55.5%, lagged the market by 0.1%.

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.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

22 times historically; 60-day forward avg +6.6%, win rate 57.9%, beating the market by +1.45 pts on average.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

62 times historically; 60-day forward avg +5.24%, win rate 53.3%, beating the market by +1.14 pts on average.

What does 湧德 do? Company profile

電子零組件業／連接器 上櫃

Overview

湧德電子股份有限公司，英文簡稱 UDE，為台灣上櫃普通股營運公司，主要經營整合型訊號連接器。公司成立於2005/03/18，公開發行日為2009/09/15，興櫃日為2010/12/16，上櫃掛牌日為2012/10/18，總部位於桃園市蘆竹區內溪路68巷13號2樓，統一編號27642463。依Goodinfo 2026/06/17揭露，公司資本額8.91億元、發行股數89,142,689股、董事長陳旻徹、總經理石育展、發言人李永銘；2026/05/27股東會後完成世代交替，原總經理陳旻徹升任董事長、副總石育展升任總經理。員工規模方面，2025年股東會年報揭露合併員工數2024年底2,590人、2025/03/31為2,589人。主要股東方面，2025年股東會年報列示2025/03/31前十大股東包含連續成長投資有限公司、陳旻徹、陳伯榕、林王森，以及花旗、渣打、匯豐等外資保管專戶；截至2026年後董事與大股東名單可能已變動，需以公開資訊觀測站最新股權分散及董監持股為準。關係企業與生產布局包含台灣母公司、東莞建冠、中江湧德、東莞湧德、東莞德洋、越南湧德等，2026年另規劃台灣、越南與杭州三地擴產。

Business

湧德以整合型RJ45訊號連接器起家，產品線已延伸至Pure RJ、LAN Filter、SPT、車用連接器、SFF高速連接器、High Speed Cable、Type-C、外部／內部線材、Surge Protector、Dongle、矽膠零件、藍牙耳機與其他電子零組件。主要終端應用涵蓋資訊產品、網通產品、消費性電子、工業電腦、伺服器、資料中心、交換器、路由器、閘道器、Cable Modem、遊戲機、連網電視、印表機與數位機上盒。2024年營收結構為網通產品50.67%、資訊產品16.13%、消費性電子14.38%、其他18.82%；2025年公開資料揭露營收比重為網路通訊產品54.85%、資訊產品18.44%、其他產品14.36%、消費性電子產品10.04%、電源及LED照明2.31%。商業模式為連接器與相關零組件之研發、客製化設計、生產製造與銷售，核心能力包括塑膠射出、金屬沖壓、電鍍、PCB layout、SMT貼片、模具設計、組裝、檢測、自動化設備與豐田式生產。2025年全年合併營收約62.07億元、年增約20.51%，EPS約7.55元；2026年1至5月累計營收約33.76億元、年增30.54%，顯示高速網通與光通訊需求帶動營收動能。客戶名稱多未公開，年報僅說明主要客戶包括國內外主機板品牌及製造大廠、國內／美系／韓系／日系網通產品品牌或製造大廠，以及日系、韓系與國內外EMS大廠，且自2016年起無單一銷貨客戶占比超過10%。

Outlook 2025–2028

2025至2028年展望核心在高速網通、AI資料中心與光通訊升級。2025年公司營收年增逾20%，2026年前五月累計營收續年增逾30%，短中期動能來自2.5G、5G、10G以上高速網通、400G／800G／1.6T光通訊產品、SFF高速連接器、AEC主動式電纜、伺服器與資料中心相關設備。2025年底法說會資訊指出，光通訊產品2025年占營收比重仍低於5%，2026年目標提升至兩位數以上；2.5G以上高速產品合併營收占比約20%至30%，以年初基準觀察已達35%以上，2026年目標高速網通產品占比30%以上。產能方面，2025年底公司表示整體稼動率約70%，四川仍為主力生產基地，東莞聚焦光通訊與新產品示範線，越南廠已啟用；2026年股東會相關報導則稱產能已滿、訂單排至年底，規劃台灣、越南與杭州三地擴產，越南廠下半年資本支出可能加大。新產品方面，400G仍為主力，800G與1.6T已開始出貨，浸沒式液冷機櫃已完成開發，若客戶認證與量產順利，將有助提高單價與毛利率。中長期至2028年，AI伺服器、雲端資料中心、交換器頻寬升級、CPO／光通訊與高速銅纜需求是主要趨勢；公司若能延續機電整合、自動化與垂直製程能力，有機會由傳統RJ45連接器供應商升級為高速傳輸次系統與光／電互連零組件供應商。主要風險包括：客戶拉貨節奏與AI資本支出循環波動、產品認證時程不確定、銅材與塑膠等原物料成本波動、匯率波動、同業價格競爭、客戶集中度雖低但終端應用景氣仍循環性高、中國與越南等地緣政治及關稅變化、擴產資本支出與稼動率落差、光通訊與液冷新產品若量產不如預期將影響估值與獲利成長。

Supply Chain

Upstream
  • 銅片、黃銅、磷青銅與銅合金板片供應商 上游金屬材料；年報揭露銅片來源以代號乙公司表示且供應良好，未公開實際供應商名稱。
  • 不銹鋼捲與金屬沖壓材料供應商 上游金屬材料；年報以庚公司代號揭露，未公開實際供應商名稱。
  • 塑膠粒、PBT、PPS、Nylon、LCP等工程塑膠供應商 上游塑膠材料；年報以戊、辛、子公司代號揭露，未公開實際供應商名稱。
  • 環形鐵芯與磁性材料供應商 LAN Filter與整合型訊號連接器所需磁性材料；年報以丙公司代號揭露，未公開實際供應商名稱。
  • 電子材料與被動／主動元件供應商 SMT、濾波與連接器模組所需電子材料；年報以甲、壬公司代號揭露，未公開實際供應商名稱。
  • 東莞市艾特捷智能科技有限公司 集團關係企業，主要從事自動化設備開發及銷售，為湧德自動化與智慧製造能力之一環，未在台股掛牌。
Downstream
  • 國內外主機板品牌及製造大廠 下游資訊產品客戶群；年報未揭露個別客戶名稱，應用於主機板、工業電腦、伺服器等。
  • 國內、美系、韓系及日系網通品牌或製造大廠 下游網通產品客戶群；應用於交換器、路由器、閘道器、Cable Modem與資料中心設備，年報未揭露個別客戶名稱。
  • 日系、韓系及國內外EMS大廠 下游消費性電子與電子製造服務客戶群；年報未揭露個別客戶名稱，且自2016年起無單一銷貨客戶占比超過10%。
  • 伺服器、Storage與Switch設備供應鏈 SFF高速連接器主要應用領域，資料中心Switch為重要需求來源；具體客戶未公開。
  • 資料中心與AI伺服器高速傳輸應用 400G、800G、1.6T光通訊與高速銅纜／AEC等產品的終端需求來源；具體客戶未公開。

Competitors

  • 鴻海 2317 年報列為國內主要競爭對手；台股上市公司，具連接器、機構件與電子製造服務能力。
  • 宣德 5457 年報列為國內主要競爭對手；台股上櫃公司，為連接器與網通零組件供應商。
  • 貿聯-KY 3665 經濟日報報導提及湧德線材／AEC與貿聯出貨相同產品；台股上市公司，為高速線束與連接線同業。
  • 嘉澤 3533 台股上市連接器廠，主要強項在CPU Socket與高速連接器，屬台股連接器同業，非年報直接點名競爭者。
  • 信邦 3023 台股上市連接線束與連接器解決方案廠，終端應用多元，屬廣義連接器同業，非年報直接點名競爭者。
  • Bel Fuse 年報列為國外競爭對手；美國上市公司，非台股掛牌。
  • Pulse Engineering／Pulse Electronics 年報列為國外競爭對手；現屬國際電子零組件供應鏈，非台股掛牌。
  • Molex 年報列為國外競爭對手；Koch旗下未上市連接器大廠，非台股掛牌。
Sources（12）

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.