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Help me set up FinLab and analyze 4995 晶達. Please read: https://finlab.finance/en/setup?stock=4995
4995
steady quality, fair valuation, no active signal today.
Is 晶達 a buy? Fundamentals and valuation first
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Above-average profitability.Operating margin is in the 69th market percentile. Latest quarterly ROE ≈ 4.6%.
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Valuation is neutral.PE is in the 32th market percentile; within its own history, PE is around the 59th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 0.9% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price +7% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 國票-北高雄 has accumulated 220 lots since the start (sold 0%), holding.
- Main distributor 中國信託-嘉義 peaked at 48 lots, has sold 77%, 11 left, paused recently.
- TDCC big holders (absolute) >1000-lot holders +2.88pp, mid holders +0, retail -0.69pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -95 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 國票-北高雄 +220
- 元大-桃園 +169
- 元大-大灣 +54
- 玉山-雙和 +51
- 元大-三重 +43
- 華南永昌-敦南 +39
Distributing
- 中國信託-嘉義 11 left
- 元大-花蓮 19 left
- 臺銀-高雄 10 left
- 元大-南投 9 left
- (牛牛牛)亞-鑫豐 2 left
- 統一-新竹 3 left
Desks
- 富邦-新店 -256
- 第一金-安和 -165
- 宏遠證券 -124
- 台灣企銀-太平 -117
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 | 879 | +13% | +3% | 51.1% | -13.8% |
| 20-40 | 622 | +16.3% | +15.8% | 65.9% | -3.4% |
| 40-60 You are here | 445 | +1.3% | -7.4% | 42% | -18.2% |
| 60-80 | 203 | +13.9% | +12.8% | 63.1% | +2.9% |
| 80-100 | 285 | +10.3% | +12.5% | 84.2% | +12.2% |
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 ≈ 16.48, at the 58.6th 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.
Currently in “Mid × 60-day momentum up”: across 453 historical days, 120-day forward avg gained 11%, win rate 57.4%, beat the market by 6.1%.
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 +15.76%, win rate 68.4%, beating the market by +13.16 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).
79 times historically; 60-day forward avg +7.85%, win rate 65.6%, beating the market by +4.46 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.
13 times historically; 60-day forward avg +5.26%, win rate 66.7%, beating the market by -2.34 pts on average.
What does 晶達 do? Company profile
Overview
晶達光電股份有限公司成立於2000/08/18，股票代號4995，2012/05/09上櫃，總部位於新北市新店區寶橋路235巷137號8樓（公司IR基本資料另列登記地址為同路段131號6樓之1）。董事長為李英珍，總經理兼發言人為金仲仁，代理發言人為蘇俊生。公司英文簡稱Litemax，英文全名為Litemax Electronics Inc.。截至2026年初公開資料，實收資本額約新台幣4.24億至4.26億元；2025年年報揭露截至2026/03/31變更登記股數42,440,036股，核定股本70,000,000股。2025年員工人數182人，2026/03/31為177人；公司IR企業概況揭露雇員181人以上。前十大股東（2026/03/29停止過戶日）包括研揚科技5,015,050股、11.77%；李英珍3,181,861股、7.47%；禾豐聯合2,030,000股、4.77%；富禮投資1,803,175股、4.23%；李依儒1,582,658股、3.72%；黃錦端1,569,886股、3.69%；李偉民1,559,213股、3.66%；李義欽1,466,366股、3.44%；研鑫投資1,250,725股、2.94%；李莊淑花1,177,000股、2.76%。研揚科技為最大法人股東，其主要股東包括華碩電腦、廣積科技等，故市場資料常將晶達歸入華碩/研揚相關投資體系。2025年度每股配發現金股利合計2.0元，其中盈餘1.8元、資本公積0.2元。
Business
晶達為專業高亮度工業顯示器與嵌入式運算平台供應商，自有品牌Litemax行銷全球，業務從高亮度液晶顯示器供應商，轉型為工業應用顯示系統與智慧型垂直市場平台解決方案提供者。主要產品包括高亮度液晶面板模組、高亮度液晶顯示器、特殊應用系統平台、工業用主機板，以及相關零配件與研發服務。2025年（114年度）營收12.89814億元，低於2024年的13.91673億元；2025年度產品營收結構為：高亮度液晶面板模組5.45456億元、42.29%；高亮度液晶顯示器4.345億元、33.69%；工業用主機板1.75549億元、13.61%；特殊應用系統平台0.03804億元、0.29%；其他1.30505億元、10.12%。2025年度地區營收為美洲6.10346億元、亞洲2.71118億元、歐洲4.08350億元；2026Q1法說會揭露單季營收3.43493億元，年增10.62%，其中美洲1.83959億元、54%；亞洲0.77361億元、23%；歐洲0.82173億元、24%。核心應用涵蓋智慧交通運輸、工業自動化、航海船舶顯示、數位電子看板、博弈娛樂機台、醫療照護儀器、POS/KIOSK/ATM、強固型平板電腦、軍用與戶外廣告等。商業模式以少量多樣、客製化、OEM/ODM、專案合作、自有品牌及全球經銷/系統整合通路為主，客戶通常重視品質、穩定性、耐用性、客製化能力與長產品生命週期，而非單純價格。公司年報指出2025年度單一大型專案客戶占銷貨24.07%，但因契約約定未揭露名稱，僅以客戶A列示。
Outlook 2025–2028
2025年受到全球貿易環境震盪、關稅衝擊、匯率波動、市場競爭加劇等因素影響，晶達營收與獲利承壓，2025年營收年減約7%，稅後淨利9,540萬元，EPS 2.25元，低於2024年EPS 4.53元。2026年公司提出「三率三升」（營收成長率、毛利率、淨利率）與「三化轉型」（數位化、AI Agent化、ESG化）為策略，法說會揭露2026Q1營收3.43493億元、年增10.62%，毛利率33%，營業利益4,377.5萬元、年增78%，稅後淨利4,277.7萬元、年增93%，EPS 1.01元，顯示短期營運較2025年低潮改善。中期成長動能包括：1.美洲博弈與工業主機板需求回升；2.交通運輸PIS、印度與新興市場捷運/交通專案；3.高亮度、寬溫、低功耗、抗反射、防水防塵防震等工業顯示技術延伸至戶外數位看板、智慧城市、船舶、軍規、醫療與工業自動化；4.AI邊緣運算、AIoT/工業4.0與智慧場域使顯示器由單一顯示硬體升級為現場資料、人機介面與系統平台；5.電子紙、低功耗反射式顯示器、透明OLED、特殊形狀螢幕、工業Panel PC、交通Panel PC與高可靠度主機板等新產品。2025至2028年產業趨勢方面，年報引用Research And Markets資料指出博弈設備、數位看板、軍事工業電腦與醫療顯示器市場均具中長期成長性；不過這些為產業研究機構預估，非公司財測。主要風險包括：美元兌新台幣匯率波動、面板與記憶體等原料價格波動、關稅與地緣政治、單一大型專案客戶營收集中、少量多樣客製化造成存貨控管難度、顯示設備導入成本較高、消費型或替代顯示技術競爭，以及海外需求循環與專案遞延。2027至2028年的具體營收或獲利數字公司未公開財測，僅能依產業趨勢與公司產品策略推估為穩健擴張但波動度高。
Supply Chain
- 液晶面板供應商（年報未具名） 晶達高亮度液晶模組與顯示器的關鍵原料為薄型LCD液晶面板；年報僅揭露主要原料類型，未揭露具名供應商。
- LED燈條供應商（年報未具名） 高亮度、低耗能顯示器的重要背光零組件；年報指出主要原料含LED燈條，主要以國內供應商為主但未具名。
- 板卡、半導體、被動元件與連接器供應商（年報未具名） 工業電腦與嵌入式系統模組上游；年報列為工業電腦產業上游，但未揭露具名供應商。
- 廠商A 2024年進貨占比11.34%、2025年進貨占比9.69%的主要供應商；年報以代號揭露，未揭露公司名稱，無法判斷是否為台股公司。
- 系統整合商與經銷商 年報指出下游多透過系統整合商或經銷商，再銷售給最終工商用戶；具名通路未揭露。
- 客戶A 2024年銷貨占比18.65%、2025年銷貨占比24.07%的大型專案客戶；因契約約定不得揭露名稱，年報以代號列示，無法判斷是否為台股公司。
- 智慧交通、博弈、工業自動化、航海、數位看板、醫療與軍用終端客戶 晶達產品終端應用市場；包含交通PIS、Casino Gaming、Industrial Automation、Marine Computing、Digital Signage等，終端客戶與專案多未具名。
Competitors
- 研華 2395 台股上市工業電腦龍頭，產品涵蓋工業電腦、嵌入式運算、工業自動化與IoT平台；與晶達在工業電腦與垂直應用系統市場具部分競合。
- 研揚 6579 台股上櫃工業電腦公司，同時為晶達最大股東；在嵌入式板卡、工業電腦與AI邊緣運算領域與晶達產品線具合作與部分競合關係。
- 凌華 6166 台股上市工業電腦與邊緣運算平台供應商，與晶達在工業自動化、交通、強固型/嵌入式平台等應用市場具部分替代性。
- 友通 2397 台股上市工業電腦與嵌入式主板供應商，與晶達工業用主機板、嵌入式系統平台業務有部分重疊。
- 融程電 3416 台股上櫃強固型工業電腦、Panel PC與車載/船舶/醫療相關應用供應商，與晶達在強固型顯示與工業人機介面應用具競爭性。
- 艾訊 3088 台股上櫃工業電腦與嵌入式系統供應商，產品涵蓋嵌入式板卡、Panel PC、工業自動化與IoT平台，與晶達特殊應用系統平台具部分競合。
- 茂訊 3213 台股上櫃強固型電腦與工業電腦相關公司，與晶達在軍用、戶外、強固型與特殊環境應用市場具部分重疊。
Sources（12）
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.