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Help me set up FinLab and analyze 1541 錩泰. Please read: https://finlab.finance/en/setup?stock=1541
1541
quality needs a look, discounted valuation, no active signal today.
Is 錩泰 a buy? Fundamentals and valuation first
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Weak profitability.Operating margin is in the 35th market percentile. Latest quarterly ROE ≈ 1.8%.
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Valuation is low.PE is in the 7th market percentile; within its own history, PE is around the 17th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 4.3% of volume (net buy).
Chip flow
Institutional rotation, concentration steady — bullish
Window from 2026-01-17 · Price -20% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 華南永昌-淡水 has accumulated 65 lots since the start (sold 0%), still adding.
- Main distributor 合庫證券 peaked at 143 lots, has sold 85%, 22 left, ~15 sessions to clear at the recent pace.
- TDCC big holders (absolute) >1000-lot holders +0.00pp, mid holders +0, retail -0.10pp — little change.
- Foreign hedge-desk net short Net short -36 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 華南永昌-淡水 +65
- 台灣摩根士丹利 +57
- 元富-松德 +56
- 元大-彰化 +48
- 花旗環球 +44
- 台新-烏日 +43
Distributing
- 合庫證券 22 left
- 元大證券 21 left
- 元大-清水 7 left
- 富邦-和美 29 left
- 富邦-公益 20 left
- 華南永昌-基隆 23 left
Desks
- 台新證券 -112
- 華南永昌-中正 -104
- 美林 -63
- 美商高盛 -51
Mixed direction: big-holder and retail changes are not aligned.
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 You are here | 587 | +6% | -5.4% | 34.1% | -19.6% |
| 20-40 | 326 | +4% | -12.3% | 30.4% | -15.8% |
| 40-60 | 494 | +6.7% | +2.9% | 55.3% | -10.7% |
| 60-80 | 571 | -10.1% | -14.2% | 23.6% | -21.6% |
| 80-100 | 284 | +3.1% | -7.5% | 42.6% | -34.4% |
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 ≈ 9.91, at the 16.7th percentile of its own history (0-20 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 468 historical days, 120-day forward avg gained 13.9%, win rate 52.4%, beat the market by 5.7%.
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.
19 times historically; 60-day forward avg +13.46%, win rate 36.8%, beating the market by +9.99 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).
86 times historically; 60-day forward avg +6.35%, win rate 49.4%, beating the market by +0.7 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.
30 times historically; 60-day forward avg +1.85%, win rate 28.6%, beating the market by -4.09 pts on average.
What does 錩泰 do? Company profile
Overview
1541 對應證券為錩泰，為台灣證券交易所上市普通股。公司創立於民國78年4月21日（西元1989年4月21日），總部及主要廠址位於台中市后里區南村路41號。董事長與總經理均為張經金。公司於民國88年補辦公開發行，民國92年3月於台灣證券交易所掛牌上市。最新年報揭露普通股流通在外股數78,800,000股、實收資本額新台幣788,000仟元，核定股本118,000,000股。員工規模：114年度合計380人，115年度截至年報刊印日2026-05-18為370人。主要股東以張經金及其家族、關係投資公司為主；年報揭露張經金持股18,080,201股、22.94%，劉秀月持股11,549,766股、14.66%，張鄉怡持股7,090,569股、9.00%，張群育持股6,937,444股、8.80%，玉山銀行受託保管昆頓國際有限公司投資專戶持股4,281,400股、5.43%，宏觀投資持股3,257,400股、4.13%。公司另有美國子公司 Delta Power Equipment Corporation，負責自有品牌行銷，公司協助其亞洲採購業務。
Business
錩泰主要經營手工具、電腦機械、馬達、電動工具、自動控制系統、電動測試儀器、木工機械及五金零件之製造加工及買賣。114年度營收結構為電動工具3,629,326仟元、占比100%。主要產品包括各類尺寸圓盤鋸機、線鋸機、帶鋸機、旋臂鋸機、桌上鋸床、磁磚切割機、腳架等，屬桌上型DIY木工電動工具，應用於金屬、木材、塑膠及壓克力材料之切、鉋、鋸、開槽。商業模式以OEM/ODM代工與自有品牌並行：歷年與 Emerson、Ryobi、Black & Decker、TTI 等國際品牌合作，並於2011年取得美國電動工具品牌 DELTA，擴大自有品牌業務。生產模式為台中、彰化機械產業聚落之中衛體系：上游供應鋁料、塑料、鋼材、鑄鐵、鋼板、定轉子、整流子、鋸片、粉末冶金、五金零件等；外包協力體系負責壓鑄、射出、車削、CNC加工、熱處理、研磨、烤漆等；錩泰專注產品開發、馬達製造、組立、測試、包裝。銷售區域高度集中於美洲，114年度美洲營收3,463,961仟元、占95.4%，其他地區165,365仟元、占4.6%。客戶集中度高，年報依法以代號揭露：114年度最大銷貨客戶「甲」銷貨3,381,906仟元、占93.18%，第二大「乙」占0.83%。
Outlook 2025–2028
2025年（民國114年）已見營運回升：合併營收36.29億元、年增21.4%，營業淨利2.39億元，稅後淨利1.83億元，EPS 2.32元；存貨週轉率由2.75次提升至4.77次，存貨由6.90億元降至5.40億元，顯示庫存去化與費用控管改善。2026年公司計畫聚焦產品創新、品質提升、組織優化，包括AI數位轉型應用、開發高效率低能耗電控系統與節能馬達、縮短研發週期、強化CE與UL等國際認證、導入儲備幹部與數位決策體系。不過最新公開月營收顯示115年5月單月營收214,691仟元、年減44.73%，115年前5月累計營收1,014,441仟元、年減36.31%，顯示2026年初需求或出貨轉弱。2027至2028屬推估：成長動能主要來自北美DIY修繕市場、低階產品競爭力、新通路拓展、自有品牌DELTA與鋸切系列產品線擴張、無刷馬達與節能產品、垂直整合降低成本；主要風險為美國市場與少數客戶高度集中、同業及中國大陸低價競爭、銅鋁鋼鐵塑膠粒等原料與匯率波動、OEM比例高導致議價能力受限、產品專利爭議或重工賠償、北美房市及消費景氣循環、關稅與地緣政治變動。
Supply Chain
- 匿名主要供應商A 年報依法以代號揭露；114年度進貨317,935仟元，占全年進貨淨額15.95%，與公司無關係。實際公司名稱未公開。
- 台中、彰化機械加工協力廠體系 非特定單一上市櫃公司；負責壓鑄、射出、CNC加工、熱處理、研磨、烤漆、五金零件加工等。
- 鋁料、塑料、鋼材、鑄鐵、鋼板、定轉子、整流子、鋸片、粉末冶金供應商 原物料與零組件供應來源；年報稱多由國內專業廠商供應，部分精密塑料與鋸片等來源含美國、日本專業供應商，未揭露具名公司。
- Stanley Black & Decker 美國上市公司；年報列為OEM/ODM品牌合作廠商，錩泰曾取得Black & Decker生產認證並為DeWalt圓鋸機代工。
- Techtronic Industries / Ryobi / TTI 香港上市集團，非台股；年報列為歷史OEM/ODM合作對象，並與Home Depot通路相關。
- Home Depot 美國上市居家修繕通路；年報列為美國主要零售通路代表，歷史沿革提及透過TTI代工生產Home Depot之Ridgid品牌圓鋸機。
- Lowe's Companies 美國上市居家修繕通路；年報列為美國主要零售通路代表，歷史沿革提及公司產品於Lowe's上架銷售。
- Delta Power Equipment Corporation 錩泰美國子公司，非台股；負責DELTA等自有品牌在北美之行銷，公司協助其亞洲採購業務。
Competitors
- 力山工業 1515 台股上市公司；年報列為國內桌上型電動鋸木機主要製造商之一，且部分以自有品牌銷售。
- 巨庭機械 1539 台股上市公司；年報列為國內桌上型電動鋸木機主要製造商之一。
- 墩豐機械 年報列為國內桌上型電動鋸木機主要製造商之一；未確認為台股上市櫃公司。
- 聖傑機器工業 年報列為國內桌上型電動鋸木機主要製造商之一；未確認為台股上市櫃公司。
- 仕興機械工業 年報列為國內桌上型電動鋸木機主要製造商之一；未確認為台股上市櫃公司。
- Stanley Black & Decker 美國上市公司；全球電動工具大廠，同時亦為錩泰合作品牌客戶。
- Makita 日本上市公司；年報列為全球電動工具大廠。
- Bosch 德國非台股企業；年報列為全球電動工具大廠。
- Emerson 美國上市公司；年報列為全球電動工具相關大廠及歷史合作對象。
Sources（7）
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.