Merida Industry Co., Ltd. Logo

Merida Industry Co., Ltd.

9914.TW

(2.0)
Stock Price

155,50 TWD

3.62% ROA

7.2% ROE

41.53x PER

Market Cap.

63.384.608.000,00 TWD

34.82% DER

2.83% Yield

5.75% NPM

Merida Industry Co., Ltd. Stock Analysis

Merida Industry 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.

Merida Industry Co., Ltd. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (46%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

The stock's ROE falls within an average range (11.97%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (5.8%) 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 (2.62x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (2.742), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

7 Revenue Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

8 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

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 of this company suggests that its stock price may be overvalued, indicating a less favorable investment opportunity.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Merida Industry 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.

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

Merida Industry 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.

Merida Industry Co., Ltd. Revenue
Year Revenue Growth
2006 8.741.804.000
2007 12.781.252.000 31.6%
2008 15.572.840.000 17.93%
2009 15.265.412.000 -2.01%
2010 16.783.639.000 9.05%
2011 20.155.522.000 16.73%
2012 24.377.862.000 17.32%
2013 25.309.024.000 3.68%
2014 27.217.143.000 7.01%
2015 28.094.340.000 3.12%
2016 22.901.472.000 -22.67%
2017 22.396.174.000 -2.26%
2018 25.852.942.000 13.37%
2019 28.243.214.000 8.46%
2020 27.072.342.000 -4.32%
2021 29.391.183.000 7.89%
2022 37.003.082.000 20.57%
2023 26.753.488.000 -38.31%
2023 27.261.117.000 1.86%
2024 36.744.168.000 25.81%

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.

Merida Industry Co., Ltd. Research and Development Expenses
Year Research and Development Expenses Growth
2006 0
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

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.

Merida Industry Co., Ltd. General and Administrative Expenses
Year General and Administrative Expenses Growth
2006 230.710.000
2007 252.083.000 8.48%
2008 372.662.000 32.36%
2009 384.411.000 3.06%
2010 356.242.000 -7.91%
2011 483.015.000 26.25%
2012 569.168.000 15.14%
2013 663.685.000 14.24%
2014 776.477.000 14.53%
2015 732.295.000 -6.03%
2016 720.056.000 -1.7%
2017 646.842.000 -11.32%
2018 808.275.000 19.97%
2019 937.202.000 13.76%
2020 1.134.824.000 17.41%
2021 1.226.946.000 7.51%
2022 1.077.712.000 -13.85%
2023 1.052.816.000 -2.36%
2023 1.092.451.000 3.63%
2024 1.321.076.000 17.31%

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.

Merida Industry Co., Ltd. EBITDA
Year EBITDA Growth
2006 1.144.728.000
2007 1.937.327.000 40.91%
2008 1.865.930.000 -3.83%
2009 1.591.451.000 -17.25%
2010 1.630.090.000 2.37%
2011 2.551.290.000 36.11%
2012 3.198.883.000 20.24%
2013 4.113.728.000 22.24%
2014 4.516.501.000 8.92%
2015 4.156.280.000 -8.67%
2016 2.701.739.000 -53.84%
2017 1.315.799.000 -105.33%
2018 2.954.208.000 55.46%
2019 3.507.977.000 15.79%
2020 5.545.312.000 36.74%
2021 6.542.742.000 15.24%
2022 4.905.366.000 -33.38%
2023 4.496.784.000 -9.09%
2023 3.652.803.000 -23.11%
2024 4.866.524.000 24.94%

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.

Merida Industry Co., Ltd. Gross Profit
Year Gross Profit Growth
2006 1.259.929.000
2007 1.972.581.000 36.13%
2008 2.413.677.000 18.27%
2009 1.946.567.000 -24%
2010 2.019.143.000 3.59%
2011 2.866.632.000 29.56%
2012 3.962.336.000 27.65%
2013 4.544.439.000 12.81%
2014 4.870.281.000 6.69%
2015 4.827.922.000 -0.88%
2016 3.290.908.000 -46.7%
2017 2.680.735.000 -22.76%
2018 3.388.989.000 20.9%
2019 3.819.650.000 11.27%
2020 3.787.210.000 -0.86%
2021 4.086.954.000 7.33%
2022 6.391.315.000 36.05%
2023 4.921.552.000 -29.86%
2023 5.114.030.000 3.76%
2024 7.047.164.000 27.43%

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.

Merida Industry Co., Ltd. Net Profit
Year Net Profit Growth
2006 732.564.000
2007 1.331.367.000 44.98%
2008 1.189.094.000 -11.96%
2009 1.126.669.000 -5.54%
2010 1.248.578.000 9.76%
2011 1.815.023.000 31.21%
2012 2.325.950.000 21.97%
2013 2.907.457.000 20%
2014 3.349.849.000 13.21%
2015 3.040.275.000 -10.18%
2016 1.918.953.000 -58.43%
2017 797.361.000 -140.66%
2018 1.708.835.000 53.34%
2019 2.502.443.000 31.71%
2020 3.993.317.000 37.33%
2021 4.649.502.000 14.11%
2022 3.389.063.000 -37.19%
2023 3.033.144.000 -11.73%
2023 1.691.823.000 -79.28%
2024 2.622.192.000 35.48%

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.

Merida Industry Co., Ltd. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2006 2
2007 4 50%
2008 4 -33.33%
2009 4 0%
2010 4 25%
2011 6 33.33%
2012 8 14.29%
2013 10 22.22%
2014 11 18.18%
2015 10 -10%
2016 6 -66.67%
2017 3 -200%
2018 6 60%
2019 8 37.5%
2020 13 38.46%
2021 16 13.33%
2022 11 -36.36%
2023 10 -10%
2023 6 -100%
2024 9 37.5%

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.

Merida Industry Co., Ltd. Free Cashflow
Year Free Cashflow Growth
2006 345.515.000
2007 688.720.000 49.83%
2008 -543.235.000 226.78%
2009 856.738.000 163.41%
2010 1.182.010.000 27.52%
2011 588.766.000 -100.76%
2012 2.814.667.000 79.08%
2013 1.789.351.000 -57.3%
2014 2.583.035.000 30.73%
2015 1.753.440.000 -47.31%
2016 1.565.189.000 -12.03%
2017 159.597.000 -880.71%
2018 602.319.000 73.5%
2019 911.911.000 33.95%
2020 1.638.515.000 44.35%
2021 633.626.000 -158.59%
2022 1.589.580.000 60.14%
2023 -381.712.000 516.43%
2023 2.718.283.000 114.04%
2024 2.024.229.000 -34.29%

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.

Merida Industry Co., Ltd. Operating Cashflow
Year Operating Cashflow Growth
2006 478.065.000
2007 1.079.527.000 55.72%
2008 -174.333.000 719.23%
2009 1.007.747.000 117.3%
2010 1.387.396.000 27.36%
2011 770.939.000 -79.96%
2012 2.891.387.000 73.34%
2013 2.709.937.000 -6.7%
2014 3.252.575.000 16.68%
2015 1.935.161.000 -68.08%
2016 1.712.924.000 -12.97%
2017 305.943.000 -459.88%
2018 735.927.000 58.43%
2019 1.210.348.000 39.2%
2020 2.112.366.000 42.7%
2021 787.701.000 -168.17%
2022 1.730.358.000 54.48%
2023 -262.194.000 759.95%
2023 2.743.214.000 109.56%
2024 2.060.397.000 -33.14%

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.

Merida Industry Co., Ltd. Capital Expenditure
Year Capital Expenditure Growth
2006 132.550.000
2007 390.807.000 66.08%
2008 368.902.000 -5.94%
2009 151.009.000 -144.29%
2010 205.386.000 26.48%
2011 182.173.000 -12.74%
2012 76.720.000 -137.45%
2013 920.586.000 91.67%
2014 669.540.000 -37.5%
2015 181.721.000 -268.44%
2016 147.735.000 -23%
2017 146.346.000 -0.95%
2018 133.608.000 -9.53%
2019 298.437.000 55.23%
2020 473.851.000 37.02%
2021 154.075.000 -207.55%
2022 140.778.000 -9.45%
2023 119.518.000 -17.79%
2023 24.931.000 -379.4%
2024 36.168.000 31.07%

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.

Merida Industry Co., Ltd. Equity
Year Equity Growth
2006 4.151.505.000
2007 5.069.105.000 18.1%
2008 5.312.592.000 4.58%
2009 6.087.881.000 12.73%
2010 5.973.411.000 -1.92%
2011 7.308.523.000 18.27%
2012 8.758.595.000 16.56%
2013 10.586.889.000 17.27%
2014 12.560.069.000 15.71%
2015 13.373.282.000 6.08%
2016 13.076.982.000 -2.27%
2017 12.081.374.000 -8.24%
2018 13.277.017.000 9.01%
2019 14.403.860.000 7.82%
2020 16.780.587.000 14.16%
2021 18.571.724.000 9.64%
2022 21.494.619.000 13.6%
2023 21.570.336.000 0.35%
2023 22.551.560.000 4.35%
2024 22.100.294.000 -2.04%

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.

Merida Industry Co., Ltd. Assets
Year Assets Growth
2006 7.558.738.000
2007 9.475.490.000 20.23%
2008 11.487.375.000 17.51%
2009 11.729.509.000 2.06%
2010 11.949.074.000 1.84%
2011 13.995.976.000 14.62%
2012 16.713.235.000 16.26%
2013 18.811.303.000 11.15%
2014 21.783.004.000 13.64%
2015 22.359.080.000 2.58%
2016 21.595.482.000 -3.54%
2017 20.945.546.000 -3.1%
2018 22.778.107.000 8.05%
2019 25.680.790.000 11.3%
2020 29.682.477.000 13.48%
2021 35.508.949.000 16.41%
2022 42.553.434.000 16.55%
2023 38.157.199.000 -11.52%
2023 40.929.051.000 6.77%
2024 42.237.706.000 3.1%

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.

Merida Industry Co., Ltd. Liabilities
Year Liabilities Growth
2006 3.407.233.000
2007 4.406.385.000 22.68%
2008 6.174.783.000 28.64%
2009 5.641.628.000 -9.45%
2010 5.975.663.000 5.59%
2011 6.687.453.000 10.64%
2012 7.954.640.000 15.93%
2013 8.224.414.000 3.28%
2014 9.222.935.000 10.83%
2015 8.985.798.000 -2.64%
2016 8.518.500.000 -5.49%
2017 8.864.172.000 3.9%
2018 9.501.090.000 6.7%
2019 11.276.930.000 15.75%
2020 12.901.890.000 12.59%
2021 16.937.225.000 23.83%
2022 21.058.815.000 19.57%
2023 16.586.863.000 -26.96%
2023 18.377.491.000 9.74%
2024 20.137.412.000 8.74%

Merida Industry Co., Ltd. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
88.82
Net Income per Share
5.1
Price to Earning Ratio
41.53x
Price To Sales Ratio
2.39x
POCF Ratio
10.79
PFCF Ratio
11.02
Price to Book Ratio
3.02
EV to Sales
2.51
EV Over EBITDA
17.87
EV to Operating CashFlow
11.34
EV to FreeCashFlow
11.58
Earnings Yield
0.02
FreeCashFlow Yield
0.09
Market Cap
63,38 Bil.
Enterprise Value
66,61 Bil.
Graham Number
89.73
Graham NetNet
-22.65

Income Statement Metrics

Net Income per Share
5.1
Income Quality
2.88
ROE
0.07
Return On Assets
0.04
Return On Capital Employed
0.12
Net Income per EBT
0.46
EBT Per Ebit
1.02
Ebit per Revenue
0.12
Effective Tax Rate
0.24

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.2
Operating Profit Margin
0.12
Pretax Profit Margin
0.13
Net Profit Margin
0.06

Dividends

Dividend Yield
0.03
Dividend Yield %
2.83
Payout Ratio
1.37
Dividend Per Share
6

Operating Metrics

Operating Cashflow per Share
19.64
Free CashFlow per Share
19.25
Capex to Operating CashFlow
0.02
Capex to Revenue
0
Capex to Depreciation
0.37
Return on Invested Capital
0.09
Return on Tangible Assets
0.04
Days Sales Outstanding
56.64
Days Payables Outstanding
85.16
Days of Inventory on Hand
155.94
Receivables Turnover
6.44
Payables Turnover
4.29
Inventory Turnover
2.34
Capex per Share
0.4

Balance Sheet

Cash per Share
19,14
Book Value per Share
73,92
Tangible Book Value per Share
73.72
Shareholders Equity per Share
70.11
Interest Debt per Share
25.23
Debt to Equity
0.35
Debt to Assets
0.17
Net Debt to EBITDA
0.86
Current Ratio
1.31
Tangible Asset Value
22,04 Bil.
Net Current Asset Value
-1,08 Bil.
Invested Capital
7189197000
Working Capital
4,49 Bil.
Intangibles to Total Assets
0
Average Receivables
3,71 Bil.
Average Payables
4,05 Bil.
Average Inventory
9201468500
Debt to Market Cap
0.12

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.

Merida Industry Co., Ltd. Dividends
Year Dividends Growth
2000 0
2001 0 0%
2003 0 0%
2004 1 0%
2005 1 0%
2006 2 100%
2007 2 0%
2008 3 50%
2009 2 0%
2010 2 0%
2011 3 0%
2012 2 0%
2013 5 60%
2014 5 0%
2015 7 16.67%
2016 6 -20%
2017 4 -25%
2018 2 -100%
2019 4 33.33%
2020 4 25%
2021 7 42.86%
2022 8 12.5%
2023 7 -14.29%
2024 6 -16.67%

Merida Industry Co., Ltd. Profile

About Merida Industry Co., Ltd.

Merida Industry Co., Ltd. manufactures and sells bicycles and related parts in Taiwan, China, Hong Kong, and Europe. It offers machine bicycles, e-bikes, fitness bikes, road bikes, and trekking and city bikes, as well as bikes for youth, kids, and women. It also provides speedometers; handlebars, stems, grips and bartapes, pedals, saddles, seatposts and clamps, protection and EQ parts, and spare parts; bags, backpacks, brackets, lights, pumps, bottles and cages, tools, and locks; and apparel, such as jerseys, shorts, jackets and vests, gloves, socks and shoe covers, helmets, and sunglasses. Merida Industry Co., Ltd. was incorporated in 1972 and is headquartered in Changhua, Taiwan.

CEO
Mr. Song-Zhu T. Tseng
Employee
703
Address
No. 116, Meigang Road
Changhua, 515

Merida Industry Co., Ltd. Executives & BODs

Merida Industry Co., Ltd. Executives & BODs
# Name Age
1 Ms. Hui-Juan Zeng
Head of Finance Management Division
70
2 Mr. Shang-Yuan Zeng
Chief Information Security Officer & Chairman
70
3 Mr. Ming-Gen Liu
Principal Accounting Officer & Financial Officer
70
4 Mr. Wen-Xiang Zheng
Senior Vice President of Marketing Affairs Department & Director
70
5 Mr. Ching-Cheng Tseng
Vice President of Domestic Sales & Director
70
6 Mr. Xue-Liang Cai
Senior Vice President of Administration Affairs Department
70
7 Mr. Qi-Bin Yuan
Vice President of Production Management Center & Director
70
8 Mr. Song-Zhu T. Tseng
President
70
9 Mr. Ru-Ding Lai
Vice President of Manufacturing Affair Department & Director
70

Merida Industry Co., Ltd. Competitors