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Help me set up FinLab and analyze 6552 易華電. Please read: https://finlab.finance/en/setup?stock=6552
6552
quality needs a look, premium valuation, no active signal today.
Is 易華電 a buy? Fundamentals and valuation first
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Weak profitability.Operating margin is in the 9th market percentile. Latest quarterly ROE ≈ -3.2%.
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Valuation is high.PE is in the 95th market percentile; within its own history, PE is around the 87th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 2.8% of volume (net buy).
Chip flow
Institutional rotation, concentration steady — bullish
Window from 2026-01-17 · Price +6% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 永豐金-敦南 has accumulated 278 lots since the start (sold 0%), still adding.
- Main distributor 統一 peaked at 146 lots, has sold 72%, 41 left, paused recently.
- TDCC big holders (absolute) >1000-lot holders +0.00pp, mid holders +0, retail +0.04pp — little change.
- Foreign hedge-desk net short Net short -190 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 永豐金-敦南 +278
- 第一金-新興 +233
- 兆豐-復興 +197
- 新光-新竹 +139
- 元大-天母 +112
- 元大-四維 +100
Distributing
- 統一 41 left
- 凱基-高雄 70 left
- 富邦-嘉義 32 left
- 台新-台中 43 left
- 統一-三多 37 left
- 大昌 34 left
Desks
- 宏遠證券 -257
- 國票-九鼎 -203
- 台新-左楠 -150
- 永豐金-忠孝 -134
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
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 | 392 | -3.6% | -10.5% | 32.4% | -33.2% |
| 20-40 | 199 | +7.3% | +6.9% | 58.8% | -17.4% |
| 40-60 | 156 | -18.4% | -18.5% | 12.2% | -25% |
| 60-80 | 36 | +10.7% | +3.1% | 58.3% | -40.9% |
| 80-100 You are here | 21 | Insufficient data | |||
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 ≈ 166.88, at the 86.6th percentile of its own history (80-100 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 “Expensive (own-history top 1/3) × 60-day momentum down”: across 58 historical days, 120-day forward avg gained 47.5%, win rate 100%, beat the market by 18.6%.
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.
7 times historically; 60-day forward avg +1.96%, win rate 50%, beating the market by -0.47 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).
34 times historically; 60-day forward avg +5.87%, win rate 50%, beating the market by +1.66 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.
38 times historically; 60-day forward avg -2.26%, win rate 40.5%, beating the market by -6.57 pts on average.
What does 易華電 do? Company profile
Overview
易華電子股份有限公司，股票代號6552，為台灣證券交易所上市普通股。公司成立於1973年10月6日，早期名稱含台灣愛鋼、台灣住礦電子，2014年前後由長華電材取得控制權並更名為易華電子。總部位於高雄市楠梓區新開發路8號。依公司官網與2025年12月10日法說簡報，董事長為温文郁、總經理為黃梅雪，實收資本額新台幣8.3億元，已發行普通股83,000,000股，上市日期為2017年1月10日，興櫃日期為2015年9月8日，公開發行日期為2015年8月5日。2025年12月法說資料揭露主要股東為長華42.8%、南茂10%，員工人數548人（截至2025年11月底）。公司屬長華電材集團，主要經營業務為捲帶式高階覆晶薄膜IC基板。
Business
公司主力產品為捲帶式高階覆晶薄膜IC基板（Reel to Reel Chip on Film，Tape-COF／COF tape），用於LCD／OLED顯示器驅動IC封裝，亦發展2-Metal Micro LED in Package substrate、Thin Film IC Substrate及NAND Flash相關IC substrate。公司具備1-Metal Subtractive（減成法）、1-Metal Semi-additive（半加成法）及2-Metal（雙面法）製程；產品特性包括Fine Pitch、高線路精準度、高生產率及成本控制。應用涵蓋LCD TV、Monitor、Notebook、Tablet、Smartphone、Wearable Device、車用面板、Micro LED TV／Signage、醫療器材零組件等。2024年產品營收比重第三方資料顯示COF約98%，故短期營收高度依賴COF與顯示器景氣。官方月營收資料顯示2024年營收1,959,533仟元、年增10.99%；2025年營收1,438,988仟元、年減26.56%；2026年前5月累計492,516仟元、年減30.74%。2025年12月法說揭露2025年前三季營業收入1,143,002仟元、稅後淨損290,871仟元、EPS -3.50元。公司商業模式為向驅動IC設計公司、封測廠、面板供應鏈提供COF／IC substrate產品與製程服務，並透過客戶設計導入與量產拉貨形成收入。
Outlook 2025–2028
2025至2028年展望可分為壓力與轉機兩面。壓力面：1-Metal COF仍受全球通膨、消費性電子需求放緩、TV與傳統顯示器市場成長趨緩、手機軟性OLED採COP／COG設計增加等因素影響，手機COF用量下降；公司2025年營收下滑且前三季大幅虧損，2025年12月公告因面板景氣不振、產能利用率下降及連續虧損，預計一次性認列約7.25億元資產減損，估計EPS影響約-8.73元，顯示短期基本面仍有壓力。轉機面：公司法說認為Monitor／NB／Tablet OLED滲透、窄邊框與Fine Pitch設計、TV／Monitor解析度與刷新率提升、車用面板開始導入COF、穿戴裝置由COG轉向COF，可支撐高階COF需求；2-Metal IC Substrate可用於Micro LED直顯屏，透過降低單位成本協助0.7mm點距以下Micro LED直顯屏開發，並有機會爭取原Mini LED市場，同時拓展NAND Flash等其他IC substrate應用。2024年公司曾表示2-Metal Micro LED載板產能接單銷售完畢並規劃擴產，但後續成長能否兌現取決於Micro LED客戶量產進度、終端需求、良率、價格競爭、資本支出與產能利用率改善。
Supply Chain
- Sumitomo Metal Mining 非台股掛牌日本企業；第三方供應鏈資料列為易華電供應商，推估與COF／金屬材料或歷史住礦體系材料供應相關。
- 住友電木 非台股掛牌日本企業；市場資料提及Micro LED載板使用住友電木特有載板材料，屬材料端關係，未能由公司最新法說逐項確認採購金額。
- 長華電材 8070 台股上市公司，易華電主要股東與集團母公司；長華電材集團從事半導體材料通路與投資，對易華電具資源與治理關係，但非單純原料供應商。
- 聯詠 3034 台股上市驅動IC設計公司；公司法說列於驅動IC供應鏈，屬COF需求來源之一，但未揭露是否為直接客戶。
- 瑞鼎 3592 台股上市驅動IC設計公司；第三方公司互動資料列為客戶，公司法說亦列於驅動IC設計供應鏈。
- 天鈺 4961 台股上市驅動IC設計公司；公司法說列於驅動IC供應鏈，屬潛在下游需求來源。
- 頎邦 6147 台股上市封裝測試／COF相關廠商；公司法說列於封裝測試廠與COF廠，可能同時具下游客戶、合作或競爭關係。
- 南茂 8150 台股上市封測公司，亦為易華電主要股東約10%；公司法說列於封裝測試廠，與易華電具策略投資及供應鏈關係。
- 友達 2409 台股上市面板廠；公司法說列於下游面板廠，為驅動IC／COF終端面板供應鏈之一，未揭露直接交易關係。
- 群創 3481 台股上市面板廠；公司法說列於下游面板廠，為終端應用供應鏈之一，未揭露直接交易關係。
- 京東方 中國A股上市面板廠，非台股掛牌；公司法說列於面板廠供應鏈，屬終端面板需求來源。
- Samsung Display／Samsung LSI 韓國企業，非台股掛牌；公司法說列於面板廠、晶圓廠或驅動IC供應鏈。
- LG Display／LGIT 韓國企業，非台股掛牌；公司法說列於面板廠或COF廠，與顯示供應鏈相關。
Competitors
- 頎邦 6147 台股上市COF／封測廠；公司法說列於COF廠，與易華電在COF供應鏈具競爭或部分重疊。
- Stemco 韓國COF廠，非台股掛牌；第三方資料與公司法說列為COF相關競爭者。
- LGIT 韓國COF相關廠商，非台股掛牌；公司法說列為COF廠。
- Flexceed 日本COF／軟性基板相關廠商，非台股掛牌；第三方資料列為競爭者。
- 頎材 中國大陸COF廠，非台股掛牌；公司法說列於COF廠。
- 上達電子 中國大陸COF相關廠商，非台股掛牌；公司法說列於COF廠。
Sources（17）
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.