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Help me set up FinLab and analyze 6859 伯特光. Please read: https://finlab.finance/en/setup?stock=6859
6859
steady quality, premium valuation, no active signal today.
Is 伯特光 a buy? Fundamentals and valuation first
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Above-average profitability.Operating margin is in the 67th market percentile. Latest quarterly ROE ≈ 2.0%.
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Valuation is high.PE is in the 84th market percentile; within its own history, PE is around the 84th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 3.9% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price +28% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 元大-竹科 has accumulated 138 lots since the start (sold 0%), still adding.
- Main distributor 宏遠證券 peaked at 137 lots, has sold 77%, 31 left, ~4 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders +0.09pp, mid holders +0, retail -0.07pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -76 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 元大-竹科 +138
- 元大-大甲 +115
- 合庫-台中 +105
- 元大-彰化 +88
- 合庫-西台中 +72
- 統一-中壢 +50
Distributing
- 宏遠證券 31 left
- 群益金鼎-彰化 89 left
- 富邦-南屯 55 left
- 元大-沙鹿 66 left
- 華南永昌 28 left
- 富邦-台中 11 left
Desks
- 永豐金-萬盛 -80
- 新加坡商瑞銀 -76
- 華南永昌-台中 -64
- 富邦-七賢 -61
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 | 0 | Insufficient data | |||
| 20-40 | 0 | Insufficient data | |||
| 40-60 | 0 | Insufficient data | |||
| 60-80 | 0 | Insufficient data | |||
| 80-100 You are here | 0 | 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 ≈ 70.56, at the 83.9th 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.
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(0d)
(0d)
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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).
14 times historically; 60-day forward avg -4.67%, win rate 42.9%, beating the market by -9.53 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.
12 times historically; 60-day forward avg +0.72%, win rate 50%, beating the market by -7.85 pts on average.
What does 伯特光 do? Company profile
Overview
伯特光電股份有限公司成立於2003年11月12日，總部/公司地址為台中市潭子區潭富路一段87巷35號，股票於2022年11月28日上櫃。櫃買中心資料顯示董事長為陳柏輯、總經理為陳柏輯、發言人為陳永軒，主要經營業務為光學鏡頭模具及零組件之製造、研發及買賣。2025年法人說明會揭露實收資本額為新台幣415,886千元，員工人數約340人（截至2025年9月），生產基地包含台中廠（潭子科技產業園區後方）與嘉義廠（大埔美園區），子公司包含慶洲精密工業（廈門）有限公司（大陸銷售及服務據點，實收資本額人民幣250萬元）與伯特精密科技股份有限公司（精密儀器及金屬加工件買賣，實收資本額新台幣3,000萬元）。2024年年報（113年4月2日股東名簿）揭露主要股東包含SWIFT PRECISION COMPANY LIMITED 14.37%、今有億有限公司10.00%、隆將投資股份有限公司8.58%、沅聚股份有限公司6.86%、陳柏滄5.26%、林雅雯4.19%、玉晶光電股份有限公司3.85%。截至櫃買中心2026年6月17日資料，股本欄位為415,886千元。
Business
伯特光是精密光學鏡片模具與精密金屬零組件廠，定位在光學產業中游，向上游採購鋼材、碳化鎢、刀具、塑膠/玻璃毛胚等材料，研發與製造光學鏡片模具、模座、模仁、治工具與金屬零件，供下游客戶生產光學鏡片、鏡頭模組或半導體設備用精密金屬零件/耗材。主要產品包含：1. 光學及半導體設備等相關精密金屬零組件；2. 手機、VR/AR、車載、生技醫療等精密光學鏡片模具。2025年前三季產品別營收結構：模具約65%，零組件約35%；模具終端應用中手機約57%、AR/VR約4%、車載/NB約4%；零組件中半導體約17%、相機約16%、車載約2%。相較2024年，半導體營收占比由約3%提升至2025年前三季約17%，成為新增長來源。2025年前三季合併營收746,440千元、毛利率29%、營業利益132,736千元、營業利益率18%、稅後淨利73,643千元、EPS 1.78元。2025年法說揭露競爭利基包含奈米級超精密加工能力、多材料加工（金屬、特殊塑料、陶瓷、碳化矽、鎢鋼、石英玻璃、金屬3D列印、擴散焊接）、RGA認證與清洗/無塵配置、一條龍服務、長期客戶關係與快速打樣/量產能力。2024年年報顯示2023年銷售地區以中國約66.84%、台灣約29.80%、東南亞約2.15%、其他約1.21%為主；公開資料揭露主要客戶包含玉晶光、佳凌、今國光等光學鏡頭廠，年報中大客戶多以甲公司、乙公司匿名揭露。
Outlook 2025–2028
2025年營運回溫主因為半導體設備精密零組件放量與光學模具需求復甦；2025年前三季營收已達746,440千元，超越2024全年681,669千元，毛利率回升至29%，但稅後淨利受匯兌損失等因素壓抑。2025至2028年主要成長動能包括：1. 半導體設備在地化與多元材料精密金屬零件/耗材需求，2024年公司開始半導體零件生產，2025年前三季占比已升至17%；2. AI伺服器液冷趨勢，公司法說指出其在同質/異質金屬焊接、異形水路、3D列印與擴散焊接具研發優勢，可切入高可靠度、高性能散熱模組製程；3. AI智慧手機、潛望式/玻塑混合鏡頭、手機鏡頭升級帶動高精度模具需求；4. AI眼鏡、AR/VR/MR、玻璃模造與耐熱光學材料需求；5. 車載ADAS與自動駕駛鏡頭規格提升。擴產方面，2025年11月7日董事會通過台中潭子自地委建新廠，地上四層、總面積約2,222坪，預計投入約新台幣5億元，預計2025年底或2026年1月動工，工期約兩年，約2027年底完工，用於擴大營運發展。2028年前後若新廠投產順利，半導體設備零組件、AI散熱、AR/VR與高階光學模具可能成為營收結構轉型重點。主要風險包含手機/消費性光學需求循環、終端客戶訂單遞延、匯率波動、關稅與地緣政治造成認證或拉貨延後、光學模具削價競爭、專業技術人才培育不易、半導體新客戶認證週期長及新廠資本支出壓力。
Supply Chain
- 鋼材、碳化鎢、刀具、塑膠毛胚、玻璃毛胚供應商 年報揭露為主要原料來源，多數原料均有兩家以上合格供應商，且與供應商維持長期穩定合作；年報中供應商以A公司、C公司匿名揭露，未能確認具名企業。
- 超精密加工與量測設備供應商 公司配置超精密車床、銑床、磨床、線割機與量測設備，支撐奈米級加工能力；公開資料未揭露具名設備商。
- 玉晶光電股份有限公司 3406 公開資料揭露為伯特光主要客戶之一；2024年年報同時揭露玉晶光持有伯特光3.85%股權。
- 佳凌科技股份有限公司 4976 公開新聞與產業資料揭露為伯特光合作/客戶之一，屬光學鏡頭/光學元件下游客戶。
- 今國光學工業股份有限公司 6209 公開新聞與產業資料揭露為伯特光合作/客戶之一，屬光學鏡頭/光學元件下游客戶。
- 半導體設備與封測/製程設備供應鏈客戶 2025年前三季半導體零組件營收占比約17%；公司揭露產品用於IC製程、封裝、測試設備之精密金屬零件與耗材，但未公開具名客戶。
Competitors
- 中揚光電股份有限公司 6668 MoneyDJ產業資料指出伯特光競爭對手為中揚光；中揚光亦從事模具製造、研發買賣、數位鏡頭組裝與鏡片鍍膜，為台股上市光電公司。
- 大立光電股份有限公司 3008 屬更廣義光學鏡頭/高階光學元件龍頭，非純光學模具同業；在高階光學技術、客戶資源與部分上游自製能力上形成間接競爭或議價壓力。
- 先進光電科技股份有限公司 3362 屬光學鏡頭/光學元件同業，與伯特光在光學產業鏈、客戶與應用市場上有間接競爭。
Sources（13）
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.