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2236

百達-KY Automobile As of 2026-06-17 Updated daily after market close

steady quality, fair valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 百達-KY to your watchlist to track signal changes on your next visit.
Valuation 34Quality 36Growth 71Momentum 73Chips 8

Is 百達-KY a buy? Fundamentals and valuation first

  • Above-average profitability.Operating margin is in the 44th market percentile. Latest quarterly ROE ≈ 0.4%.

  • Valuation is neutral.PE is in the 50th market percentile; within its own history, PE is around the 56th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -6.2% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 27.3%, above the 20% growth threshold.

  • Signals are active now.On the latest data, signals such as Revenue YoY ≥ 20% are active — see the historical forward returns after each occurrence below.

Chip flow

Neutral -0.07
BearishNeutralBullish

Institutional rotation, concentration steady — neutral

  • Institutional rotation, concentration steady — neutral
  • 兆豐-竹北 holds 918 lots
  • sellers have 641 lots left, ~95 sessions to clear

Window from 2026-01-17 · Price +21% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 兆豐-竹北 has accumulated 918 lots since the start (sold 0%), holding.
  • Main distributor 永豐金證券 peaked at 365 lots, has sold 29%, 259 left, paused recently.
  • TDCC big holders (absolute) >1000-lot holders -0.52pp, mid holders -1, retail +0.74pp — little change.
  • Foreign hedge-desk net short Net short -1,265 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Branch inventory reconstruction
Accumulating holders Branches that accumulated shares during the window and still hold positive inventory; they are the absorbing side.
Distributing sellers Branches that built inventory earlier and have been selling it down; the remaining number estimates what has not cleared.
Net-short desks Trading-desk branches with negative inventory or net selling, often hedge, offsetting, or short-term flow. It is not automatically a bearish view.
Accumulating
兆豐-竹北凱基-信義統一群益金鼎-台北台新-西松元富-西松
Distributing
永豐金證券美商高盛兆豐證券康和-延平福邦證券港商野村
Desks
own scale
元大證券凱基-台北凱基-中山聯邦-忠孝
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 兆豐-竹北 +918
    sold 0%
  • 凱基-信義 +872
    sold 2%· still adding
  • 統一 +815
    sold 16%
  • 群益金鼎-台北 +666
    sold 18%
  • 台新-西松 +655
    sold 0%· still adding
  • 元富-西松 +383
    sold 0%

Distributing

  • 永豐金證券 259 left
    sold 29%· paused recently
  • 美商高盛 154 left
    sold 56%· ~20 sessions to clear
  • 兆豐證券 202 left
    sold 31%· ~22 sessions to clear
  • 康和-延平 34 left
    sold 79%· paused recently
  • 福邦證券 87 left
    sold 28%· ~26 sessions to clear
  • 港商野村 46 left
    sold 62%· paused recently

Desks

  • 元大證券 -1,397
    unclassified
  • 凱基-台北 -920
    day-trade · selling pressure
  • 凱基-中山 -373
    unclassified
  • 聯邦-忠孝 -340
    unclassified
Still selling 641 lots ~95 sessions to bottom at most
Recent buy/sell force +573 absorbed / -298 sold buyers slightly ahead
Hedge-desk net short -311 lots potential cover-buying, not selling pressure
TDCC big holders · absolute-holding cross-check
>1000-lot holder share Retail (<400 lots) share Price (right axis)

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

Signals active now

These signals are true on the latest data, with this stock's own historical forward-return stats after each occurrence.

Monthly revenue YoY ≥ 20% (from filing deadline)

Active · now 27.34%

Monthly revenue YoY ≥ 20%; event date is the first trading day after the filing deadline (no look-ahead).

44 historical occurrences (since 2015-07-13)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 48.8%, Sample 43, Median -0.46%, Excess +2.91%, Beat mkt rate 39.5%；60-day: Win 61.9%, Sample 42, Median +3.79%, Excess +3.94%, Beat mkt rate 42.9%；120-day: Win 65.9%, Sample 41, Median +8.85%, Excess +2.49%, Beat mkt rate 41.5%

120 days after: historical avg +18.09%

20-day +5.45%
60-day +10.3%
120-day +18.09%
20-day
60-day
120-day
Win
48.8%
61.9%
65.9%
Sample
43
42
41
Median
-0.46%
+3.79%
+8.85%
Excess
+2.91%
+3.94%
+2.49%
Beat mkt rate
39.5%
42.9%
41.5%

Over 41 occurrences, 120-day forward avg gained 18.09%, beat the market by 2.49 pts; win rate 65.9%.

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 bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 255-18.1% -17.6% 7.1% -38.1%
20-40 256+59.7% -25.8% 34% +42%
40-60 You are here204+82.7% +71.6% 83.3% +79.6%
60-80 170+38% +11.5% 67.6% +30.4%
80-100 760+41.7% +52.2% 80.4% +14.3%

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 ≈ 20.42, at the 56.0th percentile of its own history (40-60 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.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
-3.8%
Win rate 39.3% Excess -19.6%
173d
+19.3%
Win rate 39.1% Excess +21.1%
110d
+25.9%
Win rate 74.6% Excess +15.9%
704d
60-day momentum down
+6.8%
Win rate 36.8% Excess -5.4%
378d
Now
+13.4%
Win rate 32.7% Excess +17%
199d
+20.4%
Win rate 75.4% Excess -0.9%
195d

Currently in “Mid × 60-day momentum down”: across 199 historical days, 120-day forward avg gained 13.4%, win rate 32.7%, beat the market by 17%.

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.

Does this signal hold up across the market

Over the past 242 months, on average ~404 stocks per month met “monthly revenue YoY ≥ 20%”; their adjusted-close return over the next 60 trading days averaged 6.94% (equal-weighted), beating the market by 2.37 points on average, and outperformed the TAIEX total-return index in 64.5% of months.

Each month, equal-weighted 60-day forward adjusted return of all signal-matching stocks, then averaged across months; excess vs the TAIEX total-return index.

Signals not active (historical stats for reference)

These are not occurring now; historical samples shown for comparison.

252-day price high (breakout)

Pending

Adjusted close makes a new 252-day high; repeats within 20 days counted once.

18 times historically; 60-day forward avg +14.35%, win rate 64.7%, beating the market by +9.64 pts on average.

Foreign net buying for 5 straight days

Pending

Foreign net flow (ex-dealer) positive for 5 straight days; event on day 5; repeats within 20 days counted once.

31 times historically; 60-day forward avg +6.12%, win rate 58.1%, beating the market by +0.55 pts on average.

What does 百達-KY do? Company profile

汽車工業；精密金屬沖壓、汽機車零組件、沖壓設備、HDD 精密零組件與服務型機器人 台灣證券交易所上市

Overview

2236 對應證券為百達-KY，正式公司名稱為百達精密工業股份有限公司，英文名稱 Patec Precision Industry Co., Ltd.，為開曼群島註冊之外國企業來台第一上市普通股，非 ETF/ETN/權證。公司成立日為 2011-06-29，公開發行日為 2015-04-28，上市日為 2015-06-03，產業別為汽車工業。依 Goodinfo 與公開資訊觀測站資料，公司登記/聯絡地址為臺北市松山區敦化北路205號3樓，總機 (02)2750-0076；董事長為黃亮茳，總經理與發言人為黃泓杰。依 2026-06-17 可查資料，資本額約新台幣 6.21 億元，普通股發行股數 62,130,976 股，特別股 0 股；2024 年報列示 2024 年底實收股本為 535,050 千元，後續因轉換公司債/增資等股本有變動。2024 年報顯示 2024 年員工 2,053 人，至年報刊印日約 2,022 人，主要因併購 Broadway Industrial Group Limited 後集團規模擴大。主要子公司包含 Patec Pte. Ltd.、百達晶心精密機械（無錫）有限公司、Patec Precision Kft、PT. Patec Presisi Engineering、Kabam Pte. Ltd.、Broadway Industrial Group Limited、BIGL Technologies Thailand Co., Ltd.、BIGL Vietnam Co., Ltd. 等。2025-04-29 年報前十大股東中，YIDA INVESTMENTS PTE. LTD. 持有 19,204,223 股、35.89%，臺灣新光商業銀行受託保管黃泓杰投資專戶持有 7,665,921 股、14.33%，另有國泰世華/匯豐託管外資專戶及自然人股東。

Business

百達-KY 原核心業務為汽機車金屬沖壓零組件與沖壓生產線設備，主要提供汽車門鎖件、座椅件、煞車/離合器/排氣系統相關金屬件、機車啟動齒輪與煞車相關零組件，以及沖壓設備之銷售、安裝、操作指導、維修保養與零配件供應。2024 年底併購 Broadway Industrial Group Limited 後，新增 HDD 夾取臂/讀寫臂相關 CNC 金屬加工與組裝業務，並有越南壓鑄、通訊設備零件、線圈繞製等延伸業務；另透過 Kabam/Cognicept 發展安保、禮賓、智慧建築整合等服務型機器人銷售與租賃。2024 年報營業比重：汽機車用金屬零組件 1,516,744 千元、85.10%；HDD 夾取臂 133,631 千元、7.50%；機器設備及維修服務 65,630 千元、3.68%；機器人租賃及銷售 66,293 千元、3.72%。2025Q1 起 BIGL 完整併入，法說整理指出 BIGL/HDD 業務對集團營收貢獻大幅上升，HDD 業務約占集團營收 60%屬法說整理資訊，非年報年度結構。主要銷售地區在 2024 年為中國 27.48%、東南亞 33.59%、歐洲 24.17%、其他 14.76%。年報揭露 2024 年主要客戶 Faurecia 銷售 488,074 千元、占 27.38%，A 客戶占 9.02%；2025Q1 則有 S 客戶銷售 1,664,760 千元、占 72.37%，依法說與媒體推論高度可能為 Seagate，但年報以代號揭露，故不把 S 客戶等同 Seagate 作為確證。其他公開資料提及客戶/終端包含 BYD、AISIN、Akebono、Benteler、Magna、Bosch、Valeo、Seagate、雙鴻與嘉澤等，其中部分來自法說/媒體而非年報逐一具名。

Outlook 2025–2028

2025-2028 展望的核心變數為：一、BIGL 併購整合。2025Q1 起 BIGL 完整併表，營收規模大幅放大，但毛利率、折舊、負債比與銀行融資壓力需觀察；2025 年公司計畫以可轉換公司債及現金增資償還部分銀行借款、改善財務結構。二、HDD 精密零組件。AI、雲端與資料中心帶動大容量近線 HDD 需求，年報引用 IDC 指出資料量成長將支撐儲存容量需求；BIGL 為主要 HDD 品牌供應鏈中的夾取臂一線供應商，若 Seagate/WD 高容量 HDD 與 HAMR 等新技術出貨放量，2026-2027 可能是需求爆發觀察期。但 HDD 市場集中度高、客戶議價能力強，且季末庫存調整會造成拉貨波動。三、汽車零組件。中國新能源車與 BYD 油電/純電供應鏈、印尼日系車廠與 BYD 印尼量產計畫，提供中長期成長機會；風險為中國車市價格競爭、印尼車市景氣與政策、Tier 1 拉貨波動、第三方品質檢測費用與歐洲/匈牙利廠成本壓力。四、沖壓設備。AI 伺服器散熱、厚件壓製與大噸數設備需求帶動新訂單，公開資料提及雙鴻、嘉澤等散熱/連接器相關客戶；若 AI 伺服器散熱資本支出延續，2025-2028 設備業務可望提高營收與毛利貢獻，但設備認列受驗收時點影響較大。五、服務型機器人。公司法說整理指出室外保全機器人、智慧建築平台於 2025 年開始在台灣官方場域導入，若驗證成功，2026-2028 有機會取得更多安保、機場、政府與商辦場域訂單；風險為硬體可靠度、資安認證、軟體研發費用、規模化速度與競品壓力。整體而言，2025-2028 的成長動能較過去單純汽車零組件更分散，但也提高了併購整合、財務槓桿、客戶集中與跨產業執行風險。

Supply Chain

Upstream
  • 中鋼 2002 年報揭露主要原料碳鋼來源包含 Brycote Corp. 代理台灣中鋼產品；中鋼為台股上市公司，屬間接原料來源。
  • 上海寶鋼 年報列示碳鋼主要供應商之一，為中國鋼鐵集團相關供應來源，非台股掛牌。
  • Hyundai 年報列示碳鋼主要供應商之一，屬韓國企業/品牌，非台股掛牌。
  • 江蘇大明 年報列示不鏽鋼與不鏽鐵主要供應商，非台股掛牌。
  • 無錫振新 年報列示不鏽鋼主要供應商，非台股掛牌。
Downstream
  • Faurecia 年報揭露 2024 年第一大客戶，銷售額 488,074 千元、占 27.38%；法國汽車零組件供應商，非台股掛牌。
  • Seagate 法說與媒體指出 BIGL 供應 HDD 讀寫臂/夾取臂予 Seagate；美國上市公司，非台股掛牌。年報 2025Q1 以 S 客戶揭露大額銷售，未具名，故此關係以法說/媒體為依據。
  • BYD 比亞迪 公開資料指出百達-KY 切入 BYD 油電混合車與純電車零組件供應鏈；港股/陸股公司，非台股掛牌。
  • AISIN 愛信 公開資料指出印尼廠取得日系 Tier 1 愛信訂單；日本企業，非台股掛牌。
  • 雙鴻 3324 媒體報導百達-KY 的 AI 散熱相關沖壓設備主要出貨給雙鴻，雙鴻為台股上市散熱廠。
  • 嘉澤 3533 媒體報導百達-KY 的 AI 散熱/設備相關客戶包含嘉澤，嘉澤為台股上市連接器廠。
  • Sony 法說整理提及印尼市場有 Sony PlayStation 零組件出貨，Sony 為日本上市公司，非台股掛牌。

Competitors

  • 東陽 1319 台股上市汽車零組件廠，與百達-KY 在汽車零組件供應鏈客戶與車用零件市場具部分競爭/替代關係。
  • 堤維西 1522 台股上市汽車零組件廠，主力產品不同但同屬車用零組件供應鏈競爭群。
  • 大億 1521 台股上市汽車零組件廠，屬車用零組件同業。
  • 廣華-KY 1338 台股上市汽車內外飾零組件廠，同屬汽車零組件族群，產品線不同但面向車廠/Tier 1 供應鏈。
  • 和勤 1586 台股上櫃精密沖壓與 HDD 相關零件供應商；在精密金屬件與硬碟零件領域具可比性。
  • 銘異 3060 台股上市 HDD 機構件/精密零件供應鏈公司；媒體將其列為 HDD 零件相關供應鏈可比公司。
  • 協易機 4533 台股上市沖床與沖壓設備廠；與百達-KY 的沖壓設備業務具部分競爭關係。
Sources（10）

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.