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4967

十銓 Semiconductor As of 2026-06-17 Updated daily after market close

strong quality, discounted valuation.

1 active signal
Revenue ≥20%
This page refreshes daily after the close. Add 十銓 to your watchlist to track signal changes on your next visit.
Valuation 63Quality 97Growth 93Momentum 74Chips 39

Is 十銓 a buy? Fundamentals and valuation first

  • Top-tier profitability.Operating margin beats ~94% of the market. Latest quarterly ROE ≈ 38.4%.

  • Valuation is low.PE is in the 2th market percentile; within its own history, PE is around the 2th percentile.

  • Foreign investors are net selling.Foreign 20-day net flow ≈ -0.2% of volume (net sell).

  • Strong revenue growth.Latest monthly revenue YoY ≈ 112.6%, 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

Bearish -0.57
BearishNeutralBullish

Distribution to retail — bearish

  • Distribution to retail — bearish
  • 國票-北高雄 holds 3,759 lots
  • sellers have 2,195 lots left, ~246 sessions to clear

Window from 2026-01-17 · Price +26% · branches to 2026-06-17· TDCC to 2026-06-12

  • Largest holder 國票-北高雄 has accumulated 3,759 lots since the start (sold 0%), still adding.
  • Main distributor 凱基-站前 peaked at 1,440 lots, has sold 60%, 581 left, ~7 sessions to clear at the recent pace.
  • TDCC big holders (absolute) >1000-lot holders -10.73pp, mid holders -4, retail +10.92pp — drifting down to retail.
  • Foreign hedge-desk net short Net short -6,414 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
國票-北高雄台新-大昌富邦-建國台中銀-豐原國泰-敦南元大-中壢
Distributing
凱基-站前美好-富順港商野村國票-安和元大-南屯台新證券
Desks
own scale
元大證券永豐金證券美商高盛凱基
Price Accumulating & Distributing share one scale (comparable); Desks is independent. Zero is the baseline
Branch details Unit: lots

Accumulating

  • 國票-北高雄 +3,759
    sold 0%· still adding
  • 台新-大昌 +1,345
    sold 0%
  • 富邦-建國 +915
    sold 10%
  • 台中銀-豐原 +886
    sold 16%· still adding
  • 國泰-敦南 +506
    sold 14%
  • 元大-中壢 +475
    sold 0%· still adding

Distributing

  • 凱基-站前 581 left
    sold 60%· ~7 sessions to clear
  • 美好-富順 734 left
    sold 28%· paused recently
  • 港商野村 492 left
    sold 36%· ~246 sessions to clear
  • 國票-安和 142 left
    sold 81%· paused recently
  • 元大-南屯 145 left
    sold 78%· paused recently
  • 台新證券 120 left
    sold 74%· paused recently

Desks

  • 元大證券 -4,361
    unclassified
  • 永豐金證券 -2,550
    unclassified
  • 美商高盛 -2,006
    hedge desk · will cover
  • 凱基 -1,200
    unclassified
Still selling 2,195 lots ~246 sessions to bottom at most
Recent buy/sell force +2,222 absorbed / -1,935 sold buyers slightly ahead
Hedge-desk net short -5,162 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 112.58%

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

53 historical occurrences (since 2019-01-14)
Average forward return after Monthly revenue YoY ≥ 20% (from filing deadline)。20-day: Win 62.5%, Sample 32, Median +2.71%, Excess +1.67%, Beat mkt rate 37.5%；60-day: Win 56.7%, Sample 30, Median +6.14%, Excess +4.22%, Beat mkt rate 43.3%；120-day: Win 75%, Sample 28, Median +26.48%, Excess +5.95%, Beat mkt rate 57.1%

120 days after: historical avg +23.62%

20-day +4.54%
60-day +12.59%
120-day +23.62%
20-day
60-day
120-day
Win
62.5%
56.7%
75%
Sample
32
30
28
Median
+2.71%
+6.14%
+26.48%
Excess
+1.67%
+4.22%
+5.95%
Beat mkt rate
37.5%
43.3%
57.1%

Over 28 occurrences, 120-day forward avg gained 23.62%, beat the market by 5.95 pts; win rate 75%.

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 You are here121+80.4% +69.8% 81.8% +50.7%
20-40 146+36.1% -32.1% 34.9% +10.4%
40-60 42+197% +281% 71.4% +124.2%
60-80 25Insufficient data
80-100 105+8.9% +4.1% 65.7% -28.2%

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 ≈ 7.04, at the 2.2th 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.

Valuation
Momentum
Cheap (own-history bottom 1/3)
Mid
Expensive (own-history top 1/3)
60-day momentum up
Now
-25.4%
Win rate 8.2% Excess -33.9%
98d
+91.6%
Win rate 85.7% Excess +65.5%
35d
+81.1%
Win rate 100% Excess +44.3%
148d
60-day momentum down
-2.9%
Win rate 19% Excess -7.3%
147d
+110%
Win rate 100% Excess +82%
99d
+47.8%
Win rate 100% Excess +29.5%
32d

Currently in “Cheap (own-history bottom 1/3) × 60-day momentum up”: across 98 historical days, 120-day forward avg declined 25.4%, win rate 8.2%, lagged the market by 33.9%.

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.

14 times historically; 60-day forward avg +13.3%, win rate 58.3%, beating the market by +4.4 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.

25 times historically; 60-day forward avg +34.54%, win rate 75%, beating the market by +27.6 pts on average.

What does 十銓 do? Company profile

半導體業；記憶體模組與儲存產品 上市（台灣證券交易所）

Overview

十銓科技股份有限公司成立於1997年4月9日，總部位於新北市中和區建一路166號3樓，主要從事資料儲存媒體、電腦週邊、電子零組件製造與國際貿易。公司2010年10月13日登錄興櫃，2019年1月14日上市。董事長為夏澹寧，總經理為陳慶文；英文簡稱TEAM。依2026年3月17日年報資料，流通在外普通股84,963,288股，實收股本約新台幣8.496億元；截至2026年3月17日員工452人。2025年（民國114年）合併營收20,428,449仟元、營業利益1,410,027仟元、稅後淨利1,109,873仟元、EPS 13.06元。主要股東包含永豐金證券受託保管永豐金證券亞洲投資專戶3.62%、鵬明光投資2.52%、夏紹安2.11%、摩根士丹利投資專戶1.72%、高盛國際投資專戶1.68%、夏澹寧1.67%、續天曙1.44%、林雅嫻1.17%、荷蘭合作銀行投資專戶1.17%、JP摩根證券投資專戶1.01%。子公司包含DATACELL TECHNOLOGY LIMITED、Team Japan Inc.、十銓恒泰科技（深圳）有限公司、TEAM DATASOLUTION USA INC.，均為100%持有。

Business

十銓是記憶體產業中游模組與品牌商，將上游DRAM、NAND Flash、PCB、連接器、被動元件與控制晶片等零組件進行後段模組加工、測試、組裝與品牌銷售。2025年營收結構為DRAM 14,492,501仟元、占70.94%；NAND Flash 5,509,655仟元、占26.97%；其他426,293仟元、占2.09%。產品線包含TEAMGROUP ELITE標準型記憶體與儲存、T-FORCE電競記憶體與SSD、T-CREATE創作者與AI工作站產品、TEAMGROUP INDUSTRIAL工控/嵌入式記憶體與儲存方案；主要產品包括DDR5/DDR4記憶體模組、工業級與伺服器用記憶體、SSD、外接式SSD、USB隨身碟、SD/MicroSD/CFexpress記憶卡及部分電競散熱周邊。終端應用涵蓋桌機、筆電、電競PC、創作者工作站、AI PC、伺服器、工控IPC、Thin Client、POS、通訊設備、自動化設備、醫療器材、軍事應用、車用電子、航太及其他工業設備。2025年銷售區域為美洲69.52%、亞洲15.60%、台灣內銷8.52%、歐洲4.64%、其他1.72%，顯示海外通路與品牌銷售占比高。商業模式以自有品牌、全球電商與實體通路、工控/OEM/B2B專案、產品設計與售後服務為核心，並透過備料與供應商關係掌握記憶體價格循環中的貨源與毛利。

Outlook 2025–2028

2025年公司營收突破新台幣200億元、獲利創高，受惠AI資料中心、CSP採購、DDR5與NAND價格回升，以及高階產品比重提升。2026年公司管理層將成長重點放在高階DDR5、PCIe Gen5 SSD、AI PC、工控/嵌入式、OEM與高容量產品；年報指出AI應用擴大至個人運算、邊緣運算、車用、工業運算與智慧終端，產品規格朝高頻寬、高容量、低延遲演進。產業面，AI伺服器與HBM需求排擠傳統DRAM與NAND產能，CSP長約鎖產能，新增有效產能可能最早至2027年底或延至2028年釋出，對模組廠形成漲價與備貨紅利，但也提高資金、庫存與貨源控管要求。十銓2026年第1季營收90.45億元、毛利率38.68%、EPS 27元，顯示供需緊俏下獲利彈性大。2027至2028年主要成長動能推估來自DDR5滲透率提升、企業級/工控/AI PC儲存需求、PCIe Gen5 SSD與大容量模組升級、工業資安與一鍵銷毀SSD等差異化產品、全球通路擴張及B2B專案增加。主要風險包括記憶體價格劇烈反轉、原廠供貨集中與議價壓力、庫存跌價、匯率與關稅、消費性PC/手機需求受高價記憶體壓抑、同業削價競爭、上游產能配置變化、客戶集中且年報未揭露具名客戶、以及高股價循環下市場預期過度反映。

Supply Chain

Upstream
  • 三星電子 全球DRAM與NAND Flash主要原廠之一；韓國上市公司，年報指出DRAM市場由三星、SK海力士、美光主導，屬十銓核心原料供應生態系。
  • SK海力士 全球DRAM與NAND Flash主要原廠之一；韓國上市公司，屬記憶體顆粒上游供應生態系。
  • 美光科技 全球DRAM與NAND Flash主要原廠之一；美國上市公司，屬記憶體顆粒上游供應生態系。
  • 華邦電 2344 台股上市記憶體廠；十銓2025年年報明載2025年第4季加入華邦電供應，用於消費性與工控市場布局。
  • 群聯 8299 台股上櫃NAND Flash控制晶片與儲存解決方案業者；十銓年報指出控制晶片為SSD產品重要上游，但未揭露具名控制晶片供應商，因此列為產業上游關聯而非已確認直接供應商。
  • PCB、連接器、被動元件與機構件供應商 年報指出十銓需採購PCB、連接器、被動元件與機構件，並選用業界知名PCB與協力廠商；具名公司未揭露。
Downstream
  • G公司 年報揭露之2025年主要銷貨客戶，銷貨5,138,650仟元，占全年銷貨25.15%；公司以代號揭露，未公開真實名稱。
  • E公司 年報揭露之2025年主要銷貨客戶，銷貨3,148,056仟元，占全年銷貨15.41%；公司以代號揭露，未公開真實名稱。
  • 全球電商與實體通路 十銓以TEAMGROUP、T-FORCE、T-CREATE等品牌銷售消費型、電競與創作者產品；年報強調全球電商與實體通路布局。
  • 工控、OEM、系統整合與B2B客戶 下游應用包含IPC、POS、通訊設備、自動化、醫療、軍事、車用、航太、AI PC與伺服器等；具名客戶未公開。

Competitors

  • 威剛 3260 台股上櫃記憶體模組與儲存品牌商，與十銓在DRAM模組、SSD、消費性與工控通路競爭。
  • 創見 2451 台股上市記憶體模組、工控儲存與消費性儲存品牌商。
  • 宇瞻 8271 台股上櫃記憶體模組、工控儲存與企業應用供應商。
  • 宜鼎 5289 台股上櫃工控記憶體與嵌入式儲存模組廠，與十銓工控/嵌入式產品線部分競爭。
  • 芝奇 台灣未上市記憶體品牌，主要在高階電競與超頻記憶體市場競爭。
  • Kingston Technology 美國未上市記憶體模組與儲存品牌，為全球主要競爭者。
  • Corsair Memory 美國上市公司Corsair Gaming旗下記憶體與電競硬體品牌；非台股掛牌。
  • 金泰克（Tigo） 中國記憶體與儲存品牌，非台股掛牌。
  • 影馳（GALAX） 中國/香港電競硬體與記憶體品牌，非台股掛牌。
  • 七彩虹（COLORFUL） 中國電競硬體與記憶體/SSD品牌，非台股掛牌。
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.