Merry Electronics Co., Ltd. Logo

Merry Electronics Co., Ltd.

2439.TW

(2.5)
Stock Price

106,00 TWD

4.88% ROA

13.55% ROE

14.29x PER

Market Cap.

27.454.705.920,00 TWD

29.02% DER

4.1% Yield

4.41% NPM

Merry Electronics Co., Ltd. Stock Analysis

Merry Electronics Co., Ltd. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Merry Electronics Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a minimal amount of debt (43%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

2 Dividend

The company's consistent dividend payouts over the past five years exemplify its strong commitment to providing shareholders with reliable returns, making it an attractive investment option.

3 ROE

ROE in an average range (10.12%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (3.72%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

5 PBV

The stock's PBV ratio (1.86x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 Net Profit Growth

The net profit of this company has shown steady growth over the past three years, highlighting its positive financial trajectory and making it an appealing choice for potential investors.

8 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (2.953) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

9 Assets Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

10 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

Merry Electronics Co., Ltd. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Merry Electronics Co., Ltd. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Sell

Merry Electronics Co., Ltd. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Merry Electronics Co., Ltd. Revenue
Year Revenue Growth
2006 5.892.424.000
2007 8.845.190.000 33.38%
2008 8.724.738.000 -1.38%
2009 6.712.849.000 -29.97%
2010 8.147.445.000 17.61%
2011 7.842.585.000 -3.89%
2012 7.690.029.000 -1.98%
2013 11.258.248.000 31.69%
2014 12.315.998.000 8.59%
2015 12.240.234.000 -0.62%
2016 16.939.274.000 27.74%
2017 26.678.810.000 36.51%
2018 35.494.808.000 24.84%
2019 36.397.793.000 2.48%
2020 34.444.819.000 -5.67%
2021 36.182.719.000 4.8%
2022 35.398.690.000 -2.21%
2023 37.819.432.000 6.4%
2023 36.690.383.000 -3.08%
2024 41.176.712.000 10.9%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Merry Electronics Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2006 241.912.000
2007 314.484.000 23.08%
2008 338.378.000 7.06%
2009 325.626.000 -3.92%
2010 344.400.000 5.45%
2011 410.662.000 16.14%
2012 437.884.000 6.22%
2013 481.402.000 9.04%
2014 696.262.000 30.86%
2015 640.642.000 -8.68%
2016 703.473.000 8.93%
2017 919.272.000 23.47%
2018 1.103.005.000 16.66%
2019 1.305.385.000 15.5%
2020 1.704.636.000 23.42%
2021 1.699.476.000 -0.3%
2022 1.800.730.000 5.62%
2023 1.979.448.000 9.03%
2023 1.964.625.000 -0.75%
2024 1.999.548.000 1.75%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Merry Electronics Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 291.813.000
2007 381.543.000 23.52%
2008 490.864.000 22.27%
2009 434.723.000 -12.91%
2010 504.292.000 13.8%
2011 434.853.000 -15.97%
2012 436.346.000 0.34%
2013 490.576.000 11.05%
2014 570.512.000 14.01%
2015 631.924.000 9.72%
2016 707.138.000 10.64%
2017 845.662.000 16.38%
2018 968.491.000 12.68%
2019 1.101.580.000 12.08%
2020 1.128.600.000 2.39%
2021 1.161.045.000 2.79%
2022 1.224.345.000 5.17%
2023 1.257.284.000 2.62%
2023 1.186.242.000 -5.99%
2024 1.174.676.000 -0.98%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Merry Electronics Co., Ltd. EBITDA
Year EBITDA Growth
2006 1.091.496.000
2007 1.389.742.000 21.46%
2008 935.943.000 -48.49%
2009 985.770.000 5.05%
2010 1.024.087.000 3.74%
2011 433.845.000 -136.05%
2012 673.455.000 35.58%
2013 1.581.670.000 57.42%
2014 1.876.614.000 15.72%
2015 1.193.740.000 -57.2%
2016 2.808.362.000 57.49%
2017 4.481.231.000 37.33%
2018 3.070.243.000 -45.96%
2019 3.739.694.000 17.9%
2020 2.373.544.000 -57.56%
2021 2.399.533.000 1.08%
2022 2.905.584.000 17.42%
2023 3.385.956.000 14.19%
2023 2.805.676.000 -20.68%
2024 2.433.700.000 -15.28%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Merry Electronics Co., Ltd. Gross Profit
Year Gross Profit Growth
2006 1.600.578.000
2007 2.007.471.000 20.27%
2008 1.666.452.000 -20.46%
2009 1.559.538.000 -6.86%
2010 1.741.651.000 10.46%
2011 1.203.451.000 -44.72%
2012 1.459.722.000 17.56%
2013 2.484.526.000 41.25%
2014 2.971.851.000 16.4%
2015 2.394.886.000 -24.09%
2016 3.366.079.000 28.85%
2017 4.660.834.000 27.78%
2018 4.725.068.000 1.36%
2019 5.039.919.000 6.25%
2020 4.318.548.000 -16.7%
2021 4.375.098.000 1.29%
2022 4.552.552.000 3.9%
2023 5.292.592.000 13.98%
2023 4.741.967.000 -11.61%
2024 5.319.940.000 10.86%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Merry Electronics Co., Ltd. Net Profit
Year Net Profit Growth
2006 753.749.000
2007 896.399.000 15.91%
2008 566.986.000 -58.1%
2009 528.552.000 -7.27%
2010 601.052.000 12.06%
2011 315.122.000 -90.74%
2012 481.238.000 34.52%
2013 1.030.857.000 53.32%
2014 1.243.946.000 17.13%
2015 641.305.000 -93.97%
2016 2.011.140.000 68.11%
2017 3.622.205.000 44.48%
2018 2.064.265.000 -75.47%
2019 2.548.612.000 19%
2020 1.321.943.000 -92.79%
2021 1.128.485.000 -17.14%
2022 1.455.398.000 22.46%
2023 1.686.900.000 13.72%
2023 1.320.318.000 -27.76%
2024 1.966.504.000 32.86%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Merry Electronics Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 4
2007 5 0%
2008 3 -33.33%
2009 3 -50%
2010 3 33.33%
2011 2 -200%
2012 3 50%
2013 6 60%
2014 7 16.67%
2015 3 -100%
2016 11 70%
2017 19 44.44%
2018 10 -80%
2019 12 16.67%
2020 6 -100%
2021 5 -20%
2022 7 16.67%
2023 8 14.29%
2023 6 -16.67%
2024 9 25%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Merry Electronics Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2006 -99.362.000
2007 565.733.000 117.56%
2008 964.831.000 41.36%
2009 1.005.293.000 4.02%
2010 60.473.000 -1562.38%
2011 -13.159.000 559.56%
2012 -69.930.000 81.18%
2013 1.679.398.000 104.16%
2014 518.579.000 -223.85%
2015 250.394.000 -107.11%
2016 2.790.295.000 91.03%
2017 1.284.873.000 -117.17%
2018 1.063.915.000 -20.77%
2019 3.548.174.000 70.02%
2020 -4.830.540.000 173.45%
2021 1.332.966.000 462.39%
2022 4.058.014.000 67.15%
2023 1.009.616.000 -301.94%
2023 1.680.265.000 39.91%
2024 -712.613.000 335.79%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Merry Electronics Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2006 400.619.000
2007 961.484.000 58.33%
2008 1.631.413.000 41.06%
2009 1.222.629.000 -33.43%
2010 370.818.000 -229.71%
2011 480.165.000 22.77%
2012 385.547.000 -24.54%
2013 2.182.228.000 82.33%
2014 1.532.120.000 -42.43%
2015 1.317.410.000 -16.3%
2016 3.071.076.000 57.1%
2017 2.041.314.000 -50.45%
2018 1.745.330.000 -16.96%
2019 4.225.165.000 58.69%
2020 -3.195.037.000 232.24%
2021 2.659.945.000 220.12%
2022 4.683.172.000 43.2%
2023 1.265.268.000 -270.13%
2023 2.223.340.000 43.09%
2024 -650.107.000 442%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Merry Electronics Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2006 499.981.000
2007 395.751.000 -26.34%
2008 666.582.000 40.63%
2009 217.336.000 -206.71%
2010 310.345.000 29.97%
2011 493.324.000 37.09%
2012 455.477.000 -8.31%
2013 502.830.000 9.42%
2014 1.013.541.000 50.39%
2015 1.067.016.000 5.01%
2016 280.781.000 -280.02%
2017 756.441.000 62.88%
2018 681.415.000 -11.01%
2019 676.991.000 -0.65%
2020 1.635.503.000 58.61%
2021 1.326.979.000 -23.25%
2022 625.158.000 -112.26%
2023 255.652.000 -144.53%
2023 543.075.000 52.93%
2024 62.506.000 -768.84%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Merry Electronics Co., Ltd. Equity
Year Equity Growth
2006 4.025.482.000
2007 4.566.562.000 11.85%
2008 4.402.201.000 -3.73%
2009 4.479.060.000 1.72%
2010 4.431.663.000 -1.07%
2011 4.351.735.000 -1.84%
2012 4.502.964.000 3.36%
2013 5.354.987.000 15.91%
2014 6.100.924.000 12.23%
2015 5.810.104.000 -5.01%
2016 6.945.261.000 16.34%
2017 13.704.234.000 49.32%
2018 10.079.427.000 -35.96%
2019 12.998.392.000 22.46%
2020 12.270.743.000 -5.93%
2021 12.154.623.000 -0.96%
2022 13.056.286.000 6.91%
2023 13.201.929.000 1.1%
2023 13.482.323.000 2.08%
2024 15.628.700.000 13.73%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Merry Electronics Co., Ltd. Assets
Year Assets Growth
2006 6.082.563.000
2007 7.789.047.000 21.91%
2008 7.110.252.000 -9.55%
2009 7.605.730.000 6.51%
2010 7.245.797.000 -4.97%
2011 7.793.528.000 7.03%
2012 7.253.457.000 -7.45%
2013 9.427.179.000 23.06%
2014 9.934.361.000 5.11%
2015 11.385.708.000 12.75%
2016 15.360.964.000 25.88%
2017 26.358.737.000 41.72%
2018 30.331.576.000 13.1%
2019 25.795.570.000 -17.58%
2020 34.155.348.000 24.48%
2021 33.862.624.000 -0.86%
2022 33.428.631.000 -1.3%
2023 33.436.201.000 0.02%
2023 32.611.193.000 -2.53%
2024 36.883.350.000 11.58%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Merry Electronics Co., Ltd. Liabilities
Year Liabilities Growth
2006 2.057.081.000
2007 3.222.485.000 36.16%
2008 2.708.051.000 -19%
2009 3.126.670.000 13.39%
2010 2.814.134.000 -11.11%
2011 3.441.793.000 18.24%
2012 2.750.493.000 -25.13%
2013 4.072.192.000 32.46%
2014 3.833.437.000 -6.23%
2015 5.575.604.000 31.25%
2016 8.415.703.000 33.75%
2017 12.654.503.000 33.5%
2018 20.252.149.000 37.52%
2019 12.797.178.000 -58.25%
2020 21.884.605.000 41.52%
2021 21.708.001.000 -0.81%
2022 20.372.345.000 -6.56%
2023 20.234.272.000 -0.68%
2023 19.128.870.000 -5.78%
2024 21.254.650.000 10%

Merry Electronics Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
181.52
Net Income per Share
8.01
Price to Earning Ratio
14.29x
Price To Sales Ratio
0.69x
POCF Ratio
8.14
PFCF Ratio
10.58
Price to Book Ratio
1.72
EV to Sales
0.57
EV Over EBITDA
7.16
EV to Operating CashFlow
7.4
EV to FreeCashFlow
8.81
Earnings Yield
0.07
FreeCashFlow Yield
0.09
Market Cap
27,45 Bil.
Enterprise Value
22,86 Bil.
Graham Number
109.59
Graham NetNet
-8.07

Income Statement Metrics

Net Income per Share
8.01
Income Quality
1.32
ROE
0.14
Return On Assets
0.05
Return On Capital Employed
0.12
Net Income per EBT
0.71
EBT Per Ebit
1.05
Ebit per Revenue
0.06
Effective Tax Rate
0.27

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0.05
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.13
Operating Profit Margin
0.06
Pretax Profit Margin
0.06
Net Profit Margin
0.04

Dividends

Dividend Yield
0.04
Dividend Yield %
4.1
Payout Ratio
0.56
Dividend Per Share
4.7

Operating Metrics

Operating Cashflow per Share
14.07
Free CashFlow per Share
11.82
Capex to Operating CashFlow
0.16
Capex to Revenue
0.01
Capex to Depreciation
0.6
Return on Invested Capital
0.09
Return on Tangible Assets
0.05
Days Sales Outstanding
92.99
Days Payables Outstanding
114.25
Days of Inventory on Hand
54.55
Receivables Turnover
3.93
Payables Turnover
3.19
Inventory Turnover
6.69
Capex per Share
2.24

Balance Sheet

Cash per Share
42,28
Book Value per Share
71,19
Tangible Book Value per Share
67.24
Shareholders Equity per Share
66.64
Interest Debt per Share
19.79
Debt to Equity
0.29
Debt to Assets
0.12
Net Debt to EBITDA
-1.44
Current Ratio
1.41
Tangible Asset Value
14,76 Bil.
Net Current Asset Value
3,84 Bil.
Invested Capital
12276672000
Working Capital
7,31 Bil.
Intangibles to Total Assets
0.02
Average Receivables
9,03 Bil.
Average Payables
10,14 Bil.
Average Inventory
4832838500
Debt to Market Cap
0.15

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Merry Electronics Co., Ltd. Dividends
Year Dividends Growth
2001 0
2002 1 100%
2003 1 0%
2004 1 100%
2005 3 66.67%
2006 2 -50%
2007 2 0%
2008 4 33.33%
2009 2 -50%
2010 3 0%
2011 3 33.33%
2012 1 -200%
2013 2 0%
2014 3 66.67%
2015 5 25%
2016 3 -33.33%
2017 9 62.5%
2018 16 46.67%
2019 8 -87.5%
2020 8 -14.29%
2021 5 -40%
2022 4 -66.67%
2023 4 25%
2024 5 0%

Merry Electronics Co., Ltd. Profile

About Merry Electronics Co., Ltd.

Merry Electronics Co., Ltd. engages in the manufacture, processing, repair, and sale of electric appliances, audiovisual electric products, telecommunication equipment and apparatus, computers and computing peripheral equipment, restrained telecom radio frequency equipment, medical appliances, and electronic parts and components in the United States, the Netherlands, Denmark, Switzerland, China, and internationally. It offers microphones, receivers, earphones, speakers and speaker monomers, and sound equipment; power amplifiers, charging boxes, and mobile power supply products; hearing aids and devices and acoustics equipment; medical and rehabilitation devices; cables, connectors, and electronic components; security systems; induction cookers; plastic hardware products; and moulds and antennas. The company is also involved in the research, development, and sale of software for hearing aid usage; plastic injection molding and metal stamping; international and transit trade; trading consulting; and electric wire and cable processing activities. Its products are used in mobile communication, multimedia and entertainment, and medical and healthcare applications, as well as smart homes and accessories. The company was incorporated in 1975 and is based in Taichung, Taiwan.

CEO
Mr. Chao-Li Huang
Employee
7.395
Address
Taichung Industrial Park
Taichung, 408213

Merry Electronics Co., Ltd. Executives & BODs

Merry Electronics Co., Ltd. Executives & BODs
# Name Age
1 Mr. Chao-Li Huang
Chief Executive Officer, President, Manager & Director
70
2 Mr. Shijie Lin
President & Director
70
3 Ms. Joyce Lam
Vice GM of Finance, Chief Financial Officer & Vice President of Financial Management Division
70
4 Huxuan Lin
Accounting Supervisor
70
5 Mr. Sam Chang
Chief Technology Officer
70
6 Mr. Chester Chiang
Vice President of Sales
70
7 Mr. Kun-Tang Liang
Vice President
70
8 Ms. Jenny Chen
Vice President
70

Merry Electronics Co., Ltd. Competitors