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Help me set up FinLab and analyze 6732 昇佳電子. Please read: https://finlab.finance/en/setup?stock=6732
6732
steady quality, fair valuation, no active signal today.
Is 昇佳電子 a buy? Fundamentals and valuation first
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Above-average profitability.Operating margin is in the 48th market percentile. Latest quarterly ROE ≈ 2.6%.
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Valuation is neutral.PE is in the 53th market percentile; within its own history, PE is around the 63th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 0.4% of volume (net buy).
Chip flow
Institutional rotation, concentration steady — neutral
Window from 2026-01-17 · Price -12% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 合庫證券 has accumulated 161 lots since the start (sold 0%), still adding.
- Main distributor 摩根大通 peaked at 251 lots, has sold 43%, 142 left, ~19 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders +0.00pp, mid holders -2, retail +2.02pp — drifting down to retail.
- Foreign hedge-desk net short Net short -384 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 合庫證券 +161
- 永豐金證券 +142
- 元大-雙和 +129
- 元大-竹山 +103
- 新加坡商瑞銀 +100
- 元富-敦南 +77
Distributing
- 摩根大通 142 left
- 台灣摩根士丹利 43 left
- 元大-東港 34 left
- 富邦-南員林 23 left
- 富邦-敦南 21 left
- 兆豐-忠孝 19 left
Desks
- 兆豐證券 -366
- 兆豐-台中港 -170
- 凱基-台北 -164
- 元大證券 -144
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 | 0 | Insufficient data | |||
| 20-40 | 151 | -22.7% | -23.4% | 0.7% | -55.2% |
| 40-60 | 132 | -28.2% | -30.3% | 6.8% | -68.4% |
| 60-80 You are here | 15 | Insufficient data | |||
| 80-100 | 178 | -32.8% | -38.4% | 3.9% | -64.2% |
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 ≈ 24.61, at the 62.6th 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.
(0d)
Currently in “Mid × 60-day momentum up”: across 50 historical days, 120-day forward avg declined 18.1%, win rate 2%, lagged the market by 33.6%.
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.
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).
36 times historically; 60-day forward avg +5.65%, win rate 53.3%, beating the market by -2.08 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.
27 times historically; 60-day forward avg -0.96%, win rate 34.6%, beating the market by -5.56 pts on average.
What does 昇佳電子 do? Company profile
Overview
6732 經網路與櫃買中心資料確認為昇佳電子股份有限公司，屬上櫃普通股，非 ETF、ETN、權證或特別股。公司成立於 2009 年 12 月 1 日，前身與矽創電子感測器相關事業有關，2012 年更名為昇佳電子，2019 年 6 月登錄興櫃，2020 年 6 月 8 日掛牌上櫃。總部位於新竹縣竹北市台元二街 6 號 11 樓，另有台北辦公室。董事長為李盛樞，總經理為楊祝原。實收資本額為新台幣 489,126,180 元，普通股約 48.91 百萬股。2025 年報揭露 2025 年員工 210 人，2026 年 3 月 31 日為 204 人。主要股東／母公司為矽創電子股份有限公司（8016），2025 年報揭露持股約 46.31%。公司會計師為勤業眾信。2025 年營收 45.62 億元，年減 7.67%，稅後淨利 3.04 億元，EPS 6.22 元；2026 年 1 至 5 月累計營收約 17.17 億元，年減約 14.01%，顯示截至 2026 年 5 月營運仍承受手機與消費性電子需求、價格競爭及匯率壓力。
Business
昇佳電子為無晶圓廠 IC 設計公司，主要從事感測器積體電路之研發、設計、系統設計與銷售，量產流程中的光罩、晶圓代工、晶圓鍍膜、晶圓測試、切割、封裝與最終測試多委外給專業廠商。2025 年營收結構中，感測晶片為 4,555,877 仟元、占 99.87%，其他為 5,987 仟元、占 0.13%。主要產品包括光學感測晶片（環境光 ALS、色彩／RGB、閃爍偵測 Flicker、近接感測、長距近接、皮膚偵測）、MEMS 感測晶片（加速度計、壓力／氣壓感測）、電容感測晶片（SAR 電磁波特殊吸收率感測、電容觸控）。主要應用為智慧手機、平板、穿戴裝置、TWS 耳機、電視、VR、無人機、機器人與部分車用／工控場景。商業模式以研發差異化感測方案、通過手機與消費電子品牌導入後出貨為主，產品價值來自屏下光學感測、高感度／低功耗／小型化封裝、相機閃爍偵測、穿戴皮膚偵測、MEMS 慣性感測與壓力感測等功能。2025 年報揭露主要客戶為矽創電子，銷售額 2,112,192 仟元、占 46.30%；其他客戶未完整揭名，年報及法說摘要指出終端客群以全球 Android 手機一線品牌為主，並拓展穿戴、車用、電腦、家電等應用。
Outlook 2025–2028
2025 年實績顯示，公司受惠智慧手機出貨回溫與穿戴裝置市占擴大，但中國大陸市場價格競爭、產品降價與新台幣升值壓抑營收與毛利，全年營收年減 7.67%、EPS 降至 6.22 元。2026 年公司策略重點為提升中高階終端滲透率、以差異化功能提高單價與方案價值，光學感測方面持續深耕 OLED 屏下環境光／近接感測、色溫調整、UV 辨識與 Flicker 偵測；MEMS 方面朝整合化、模組化、平台化發展，推動加速度計、IMU、單晶片加速度感測、標準與防水氣壓感測器，並規劃 AHRS 姿態航向參考系統模組，應用於無人機、無人載具、工業自動化與車用等較高可靠度場景。2027 至 2028 年較合理的觀察主軸為：一、手機 OLED 與高解析／高刷新率螢幕提高屏下光學感測難度，有利高感度與多通道產品升級；二、Android 中高階手機、穿戴與 TWS 對低功耗小型感測器需求仍在；三、MEMS 六軸、氣壓、SAR 與智慧感測若能擴大客戶導入，可降低單一光學感測與手機市場依賴；四、無人機、機器人、工控與車用屬長週期驗證市場，若通過可靠度與成本門檻，可能形成中期成長選項。主要風險為手機／消費電子需求波動、Android 品牌集中度高、產品 ASP 下滑、同業價格競爭、匯率、新產品導入延遲、晶圓與封測供應風險、以及國際大廠在 MEMS／光學感測領域的技術與規模壓力。
Supply Chain
- 晶圓供應商公司A（未揭露） 2025 年報揭露為主要晶圓供應商，2025 年採購 938,494 仟元、占淨進貨 59.38%；公司未揭露正式名稱，故 stock_id 設為 null。
- 供應商公司B（未揭露） 2024 年為第二大供應商，採購占 12.99%；2025 年因未達揭露門檻或以備註處理，正式名稱未揭露，可能與光學感測用發光元件、PCB 或委外製程相關，故 stock_id 設為 null。
- 專業晶圓代工、鍍膜、封裝測試廠商（未揭露） 昇佳採 Fabless 模式，光罩、晶圓代工、晶圓鍍膜、晶圓測試、切割、IC 封裝與最終測試委外；年報未逐一揭露廠商名稱。
- 矽創電子股份有限公司 8016 母公司及主要客戶；2025 年報揭露 2025 年銷售額 2,112,192 仟元、占全年淨銷售 46.30%。
- 全球 Android 手機一線品牌客戶（未揭露） 公司主要終端應用為 Android 智慧手機，年報與法說摘要提及導入手機品牌，但未揭露品牌名稱；若為海外或未上市公司，stock_id 設為 null。
- 穿戴裝置、TWS、電視、家電、VR、無人機、機器人、工控與車用客戶（多數未揭露） 光學、MEMS、電容感測產品的下游應用市場；具體客戶多未公開，故 stock_id 設為 null。
Competitors
- 原相科技股份有限公司 3227 台股上市櫃感測與影像相關 IC 設計公司；第三方資料列為昇佳電子感測器 IC 同業競爭者。
- 晶相光電股份有限公司 3530 台股上市櫃影像感測相關公司；第三方資料列為昇佳電子感測器 IC 同業競爭者。
- ams OSRAM 國際光學感測器與光電元件大廠，非台股掛牌；過往法人資料將其列為手機光學感測競爭參與者。
- STMicroelectronics 歐洲上市半導體公司，MEMS 加速度計、陀螺儀與壓力感測器全球主要供應商，非台股掛牌。
- Bosch Sensortec Bosch 集團旗下 MEMS 感測器供應商，於消費性與移動裝置 MEMS 市場具規模，非台股掛牌。
- TDK InvenSense TDK 旗下慣性感測器／IMU 供應商，非台股掛牌。
- Goodix 匯頂科技 中國 A 股上市公司，提供手機與穿戴感測、觸控與生物辨識等 IC，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.