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Help me set up FinLab and analyze 8349 恒耀國際. Please read: https://finlab.finance/en/setup?stock=8349
8349
steady quality, fair valuation, no active signal today.
Is 恒耀國際 a buy? Fundamentals and valuation first
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Above-average profitability.Operating margin is in the 51th market percentile. Latest quarterly ROE ≈ 1.5%.
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Valuation is neutral.PE is in the 45th market percentile; within its own history, PE is around the 67th percentile.
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Foreign investors are net buying.Foreign 20-day net flow ≈ 15.6% of volume (net buy).
Chip flow
Single-sided accumulation, concentration rising — bullish
Window from 2026-01-17 · Price -9% · branches to 2026-06-17· TDCC to 2026-06-12
- Largest holder 永豐金-台南 has accumulated 4,903 lots since the start (sold 0%), holding.
- Main distributor 美林 peaked at 205 lots, has sold 70%, 62 left, paused recently.
- TDCC big holders (absolute) >1000-lot holders +2.65pp, mid holders -1, retail -2.12pp — concentration shifting upward.
- Foreign hedge-desk net short Net short -881 lots (inferred from branch profile, mostly hedging — not necessarily bearish, not case-confirmed).
Accumulating
- 永豐金-台南 +4,903
- 中國信託-永康 +750
- 玉山-台南 +458
- 元大-北府 +450
- 凱基-敦北 +233
- 中國信託-松江 +94
Distributing
- 美林 62 left
- 富邦-竹科 31 left
- 第一金-台南 11 left
- 致和-崇德 39 left
- 合庫-台南 9 left
- 富邦-台南 31 left
Desks
- 元大-大同 -650
- 凱基-台南 -439
- 凱基-台北 -382
- 富邦-北高雄 -291
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 | 462 | +11.3% | -5.9% | 39% | -14.1% |
| 20-40 | 894 | +24% | +13.6% | 57.2% | +8.1% |
| 40-60 | 553 | +6.9% | -1.8% | 47.9% | -5.7% |
| 60-80 You are here | 497 | +16.6% | +7.1% | 55.9% | +1.5% |
| 80-100 | 557 | +12.1% | +4.6% | 51.7% | -3.5% |
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 ≈ 20.15, at the 66.6th percentile of its own history (60-80 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 down”: across 491 historical days, 120-day forward avg gained 2.3%, win rate 42.6%, lagged the market by 4.7%.
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.
30 times historically; 60-day forward avg +10.82%, win rate 70%, beating the market by +7.68 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).
47 times historically; 60-day forward avg +2.81%, win rate 51.1%, beating the market by -0.32 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.
44 times historically; 60-day forward avg +4.1%, win rate 58.1%, beating the market by -1.36 pts on average.
What does 恒耀國際 do? Company profile
Overview
8349 對應恒耀國際股份有限公司，英文名 QST International Corp.，為櫃買中心上櫃普通股，非 ETF、ETN、權證或特別股。公司成立於1985年4月10日，2006年3月10日上櫃，總部位於台南市東區長榮路一段203號3樓。董事長吳榮彬，總經理吳健序，發言人許繼文。官方投資人關係頁揭露實收資本額為新台幣2,188,213,910元；Winvest 彙整資料顯示截至2026/06/17市值約86.77億元、已發行普通股約2.09億股、另有特別股1,000萬股。104人力銀行頁面列員工人數約500人；PitchBook 顯示集團層級員工數較高，口徑可能不同，故員工規模以500人作為台灣公司公開徵才口徑並註明有差異。主要股東（2025/04/13普通股前十名）包括 QST Holding Co., Ltd. 15.08%、和建投資20,509,598股約10.80%、恒耀工業17,818,287股約9.38%、永通投資13,938,832股約7.34%、Great Trust Corporation 約4.87%、吳榮彬約4.81%、吳進財約2.34%、鄭俊忠約1.71%、吳健序約0.90%、楊華中約0.89%。
Business
恒耀主要經營車用與工業用扣件之製造、買賣與貿易，官方公司介紹列主要營業項目為螺絲螺帽等扣件買賣，主要服務為專利製造、採購整合及遠距庫存管理，主要產品為 OEM 級汽車、工業用扣件及其他 C 類零件；產品來源約50%自製、50%外購，供應商超過300家。主要產品包含 Torx、Taptite 2000、Mathread、Remform 螺絲、自攻螺絲、組合螺絲等；主要原料為中低碳鋼、合金鋼、不鏽鋼，主要製程包含成型、搓牙、除磷、熱處理、組立、分檢。官方頁列台灣產能約1,000噸/月、2.5億支/月。券商資料彙整顯示營收比重以螺絲、螺帽及扣件產品為主，約97.32%，其他約2.68%。商業模式上，公司兼具自製、外購整合、VMI／遠距庫存管理與全球交付服務，客戶端以國際車廠及一階供應鏈為主。公開報導顯示公司歷史上已取得 Ford Q1 認證，並進入 Ford、Volkswagen、BMW、Mercedes-Benz、Tesla 等車廠或相關供應鏈；2014年併購德國 ESKA 後強化鋁合金輕量化扣件能力，並提高與歐系高階車廠協同設計機會。2024年合併營收約新台幣131.37億元、歸屬母公司淨利約7.39億元、EPS 4.27元；Winvest 彙整資料顯示2025年全年營收約114.16億元、全年EPS約1.93元，2026年5月單月營收約9.68億元、前5月累計營收約48.20億元、年增約2.04%。
Outlook 2025–2028
2025至2028年主要成長動能在電動車扣件、汽車輕量化、海外產能分散、機器人／充電樁／儲能等延伸應用。公司2024年營業報告提到目標為成為電動車扣件供應領導者，並強調透過垂直整合製程、地理位置布局、全球運輸網路、自動化／數位化／智慧化系統強化競爭力。公開報導指出恒耀自2017年起與美系電動車大客戶合作，參與供應商先期介入工程開發與新車款協同研發；2025年報導稱既有車用扣件訂單能見度至2026年，並已切入該美系客戶機器人供應鏈，充電樁與儲能系統扣件亦通過客戶驗證。越南廣寧新廠為關鍵布局：報導稱一期已測試量產，年產能約3萬噸，營收貢獻潛力約20至30億元；最大年產能規劃約5萬噸，若產能全開，貢獻度可能提高至60至70億元，並有助分散地緣政治與關稅風險、服務東協與美系客戶。產業面，電動車、車體輕量化、鋁合金扣件、車用安全法規提高、車廠平台化與供應鏈在地化，均有利高規格扣件需求。主要風險包括：全球車市循環與電動車滲透率不如預期；Tesla 或少數車廠客戶集中度、車型改款與拉貨節奏波動；美中競爭、關稅戰、原產地規則與地緣政治造成供應鏈重組成本；中低碳鋼、合金鋼、不鏽鋼等原料價格與匯率波動；越南新廠良率、認證、產能利用率與折舊壓力；同業在中國、台灣與東南亞的價格競爭。2027至2028年若越南廠稼動率提高、機器人／充電樁／儲能扣件進入量產，成長性可望優於傳統燃油車扣件，但具體營收與獲利貢獻仍需依客戶量產時程確認。
Supply Chain
- 中低碳鋼、合金鋼、不鏽鋼材料供應商 官方揭露主要原料為中低碳鋼、合金鋼與不鏽鋼，但未揭露直接供應商名稱；可能對應盤元、線材、特殊鋼及不鏽鋼供應鏈。
- 300家以上外購及協力供應商 官方公司介紹揭露產品來源約50%自製、50%外購，供應商超過300家；未揭露個別公司名稱與是否為台股掛牌公司。
- 熱處理、成型、搓牙、分檢與自動化設備供應商 公司製程涵蓋成型、搓牙、除磷、熱處理、組立、分檢；設備與加工協力商未具名揭露。
- Tesla, Inc. 美國上市電動車公司；公開報導稱恒耀打入 Tesla Model 3 及後續美系電動車客戶扣件供應鏈，並延伸至機器人、充電樁、儲能系統扣件驗證。
- Ford Motor Company 美國上市車廠；恒耀取得 Ford Q1 認證，為合格供應商之一。
- Volkswagen Group 德國上市車廠；公開報導列為恒耀已打入或取得認證的國際車廠客戶之一。
- BMW Group 德國上市車廠；公開報導指出恒耀透過德國 ESKA 與 BMW 等歐系高階車廠有合作與協同設計機會。
- Mercedes-Benz Group 德國上市車廠；公開報導指出併購 ESKA 後增加 Benz／Mercedes-Benz 等高階車系客戶。
- 國際一階汽車零組件供應商與外部倉儲/VMI客戶 年報審計事項提到部分產品先運至特定客戶指定地點備料，待客戶領用時認列收入，顯示公司提供客戶指定倉儲與庫存管理服務；個別客戶未完整揭露。
Competitors
- 春雨工廠股份有限公司 2012 台股上市螺絲、螺帽與鋼鐵線材廠，屬扣件與線材供應鏈競爭者。
- 聚亨企業股份有限公司 2022 台股上市鋼線、盤元及扣件相關業者，與恒耀在鋼材/扣件供應鏈部分重疊。
- 世豐螺絲股份有限公司 2065 台股上櫃螺絲扣件廠，產品應用於建築、家具、汽車與工業市場，為扣件同業。
- 三星科技股份有限公司 5007 台股上櫃鋼線與螺帽相關業者，屬螺絲螺帽與扣件供應鏈同業。
- 友鋮股份有限公司 7718 台股上櫃扣件相關業者；若以車用與工業用扣件市場觀察，可視為部分同業競爭者。
- Brighton-Best International (Taiwan) Inc. 8415 台股上櫃扣件通路與供應鏈服務商，與恒耀在扣件銷售、庫存與通路服務面有部分競合。
Sources（14）
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.