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 8467 波力-KY. Please read: https://finlab.finance/en/setup?stock=8467
8467
steady quality, discounted valuation, no active signal today.
Is 波力-KY a buy? Fundamentals and valuation first
-
Above-average profitability.Operating margin is in the 79th market percentile. Latest quarterly ROE ≈ 1.5%.
-
Valuation is low.PE is in the 24th market percentile; within its own history, PE is around the 32th percentile.
-
Foreign investors are net buying.Foreign 20-day net flow ≈ 11.5% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price -33% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 富邦證券 has accumulated 515 lots since the start (sold 4%), holding.
- Main distributor 花旗環球 peaked at 24 lots, has sold 38%, 15 left, paused recently.
- TDCC big holders (absolute) >1000-lot holders +0.02pp, mid holders -1, retail -0.28pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -64 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 富邦證券 +515
- 美林 +101
- 永豐金-市政 +39
- 元大-大天母 +27
- 台灣摩根士丹利 +26
- 美商高盛 +25
Distributing
- 花旗環球 15 left
- 摩根大通 8 left
- 元大-大統 10 left
- 台新-台中 5 left
- 康和-嘉義 2 left
- 富邦-新竹 1 left
Desks
- 統一-新台中 -106
- 元大-花蓮 -48
- 新光-新竹 -47
- 元大-台南 -47
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 | 256 | +167.9% | +194.3% | 99.6% | +135.2% |
| 20-40 You are here | 243 | +36.8% | +19.4% | 60.5% | -9.8% |
| 40-60 | 305 | +8.1% | -2.3% | 46.6% | -18.2% |
| 60-80 | 369 | +13% | -4.8% | 46.1% | +0.8% |
| 80-100 | 323 | +8.5% | -13.2% | 44.6% | -3.3% |
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 ≈ 14.63, at the 31.8th percentile of its own history (20-40 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 “Cheap (own-history bottom 1/3) × 60-day momentum down”: across 203 historical days, 120-day forward avg gained 7.2%, win rate 58.1%, lagged the market by 25%.
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.
17 times historically; 60-day forward avg +15.87%, win rate 64.7%, beating the market by +11.05 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).
43 times historically; 60-day forward avg +7.78%, win rate 54.8%, beating the market by +5 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.
18 times historically; 60-day forward avg +4.95%, win rate 47.1%, beating the market by -0.86 pts on average.
What does 波力-KY do? Company profile
Overview
8467 對應證券為波力-KY，上市普通股；公司中文全名為波力環球企業股份有限公司，英文名 Bonny Worldwide Limited，註冊地為英屬開曼群島，台灣主要營運/聯絡地址為台中市潭子區民生街64巷15號。集團前身波力公司於1982年成立並創立自有品牌，2013年 Bonny Worldwide Limited 於開曼群島設立，2015年12月15日在台灣證券交易所掛牌上市。依公開股市資料，實收資本額約新台幣4.837億元、已發行普通股約48,373,575股，董事長為洪文誕，總經理為洪進山，發言人為戴珮君。主要股東名單依公司官網揭露之2024年3月17日資料：波力運動中心控股有限公司持股15.87%、聖家工業有限公司8.97%、巨聖全球有限公司8.96%、望秀實業有限公司8.92%、戴銘佑3.30%、洪芳蘭2.73%、洪菀謙2.70%、洪進山2.70%、洪碩宏2.63%、洪回元2.60%。員工規模未在本次可直接查核之官方頁面取得最新完整數字；第三方資料顯示截至2025年9月30日約1,116人，應視為參考值。
Business
公司核心為碳纖維複合材料研發與製造，主要產品包括冰上曲棍球桿、曲棍球頭盔、守門員頭盔、羽毛球拍、網球拍、壁球拍、碳纖維汽車輪圈、航太複材零組件，以及非碳纖維之運動鞋、運動服飾、旅行包袋等。商業模式以冰上曲棍球桿 ODM/OEM 代工與自有品牌 BONNY 運動用品並行，近年將碳纖維製程能力延伸至航太與汽車輕量化零組件。營收結構方面，MoneyDJ 資料指出2023年產品結構為碳纖維複材用品約99%、其他約1%；較早期研究資料亦顯示碳纖維複材用品占比長期接近全部營收。主要客戶與終端應用包括全球冰上曲棍球品牌 Bauer Hockey 的球桿供應鏈、羽網球拍/運動用品消費市場、汽車輕量化應用，以及透過漢翔切入 Airbus A350/A320 等航太複材次結構件或內艙零件供應鏈。2024年合併營收約24.70億元、年增約24%，EPS 約11.5元；2025年前三季營收約20.04億元、EPS 約9.42元，成長動能來自高階曲棍球桿與航太複材逐步放量。
Outlook 2025–2028
2025至2028年主要展望可分為三條主軸。第一，核心冰上曲棍球桿業務仍是現金流來源；2026年5月經濟日報報導總經理表示與 Bauer Hockey 合約延長至2036年，若履約順利，代表未來十年主力客戶訂單能見度高，但也凸顯客戶集中風險。第二，航太複材是中長期成長曲線；公司已與漢翔合作，產品切入 Airbus A350，並取得/推進 A320 相關複材供應資格，台中大里航太複合材料專線已進入固定批次交貨，若認證、良率與產能擴充順利，2025至2028年航太營收占比有機會提升，並改善產品組合與毛利率。第三，產能與地緣政治布局：公司推進柬埔寨新廠，目的在分散中國生產基地與美國關稅/地緣政治風險，2026年報導指出新廠已完工並進行設備裝機，預計第4季小量試產；若爬坡順利，可支援美國市場與客戶供應鏈多元化要求。主要風險包括：Bauer 等大客戶集中、冰上曲棍球終端需求波動、航太認證與交期要求高導致量產爬坡不確定、柬埔寨新廠良率/成本/管理風險、碳纖維與樹脂等原料價格波動、匯率波動、關稅與地緣政治政策變化，以及航太訂單需經長周期驗證且資本支出壓力較高。
Supply Chain
- 東麗株式會社 Toray Industries 全球碳纖維主要供應商之一；波力產品需使用碳纖維材料，但本次未查得公司公告確認其為波力直接供應商，列為產業上游參考。
- 帝人株式會社 Teijin Limited 全球碳纖維/複合材料供應商之一；未查得公司公告確認其為波力直接供應商，列為產業上游參考。
- 三菱化學集團 Mitsubishi Chemical Group 碳纖維與複合材料相關材料供應商之一；非台股掛牌，且未查得直接供應關係，列為產業上游參考。
- 樹脂、預浸布、模具、高壓成型與航太品質檢測設備供應商 公司產品需碳纖維、樹脂、預浸材料、模具及成型設備；具體供應商名單未在本次可查資料中完整揭露。
- Bauer Hockey 全球大型冰上曲棍球品牌，非台股掛牌；波力長期為其碳纖維冰上曲棍球桿核心代工/供應夥伴，2026年報導稱合約延長至2036年。
- 漢翔航空工業股份有限公司 2634 台股上市航太公司；波力透過與漢翔合作供應 Airbus 航太複材次結構件/相關零組件，屬航太下游客戶與合作夥伴。
- Airbus SE 歐洲上市航太製造商，非台股掛牌；波力航太複材產品透過供應鏈應用於 Airbus A350，並推進 A320 相關供應資格。
- BONNY 自有品牌經銷與終端運動用品通路 羽毛球拍、網球拍、運動鞋服與配件等自有品牌銷售通路；多為自營/經銷體系，非單一台股掛牌公司。
Competitors
- 拓凱實業股份有限公司 4536 台股上市複合材料廠，產品含碳纖維複材與運動休閒/工業應用，部分材料與製程能力具可比性。
- 寶成工業股份有限公司 9904 台股上市運動用品製造與通路集團，主要為鞋類代工；與波力在運動休閒製造產業屬廣義同業，產品線不完全重疊。
- 豐泰企業股份有限公司 9910 台股上市運動鞋代工廠；與波力非碳纖維運動用品及運動休閒製造屬廣義同業。
- 鈺齊國際股份有限公司 9802 台股上市戶外功能鞋代工廠；與波力在運動休閒製造領域屬廣義同業。
- 志強國際股份有限公司 6768 台股上市運動鞋與機能鞋代工廠；與波力在運動休閒製造領域屬廣義同業。
- 喬山健康科技股份有限公司 1736 台股上市健身器材廠，屬運動休閒產業競爭/比較標的，但產品與波力碳纖維球桿和航太複材不同。
- CCM Hockey 國際冰上曲棍球品牌，非台股掛牌；在終端曲棍球裝備市場與 Bauer 等品牌競爭，間接影響波力主力產品需求。
- Warrior Sports New Balance 旗下曲棍球/運動品牌，非台股掛牌；屬冰上曲棍球裝備市場競爭品牌。
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.