GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
M

Merry Electronics Co 2439.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

Compare

70.30

+6.03%

Close of 9 Nov 2026, in TWD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 46.49bn

FY2016FY2025

Net income

TWD 1.34bn

FY2016FY2025

Free cash flow

−TWD 348.9m

FY2016FY2025

Shareholders' equity

TWD 17.55bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 46.49bnTWD 43.86bnTWD 36.69bnTWD 35.40bnTWD 36.18bnTWD 34.44bnTWD 36.40bnTWD 35.49bnTWD 26.68bnTWD 16.94bn
Gross profitTWD 5.62bnTWD 5.85bnTWD 4.74bnTWD 4.55bnTWD 4.38bnTWD 4.32bnTWD 5.04bnTWD 4.73bnTWD 4.66bnTWD 3.37bn
Research and developmentTWD 2.32bnTWD 2.14bnTWD 1.96bnTWD 1.80bnTWD 1.70bnTWD 1.70bnTWD 1.31bnTWD 1.10bnTWD 919.3mTWD 703.5m
Operating incomeTWD 1.46bnTWD 1.86bnTWD 1.14bnTWD 2.14bnTWD 1.67bnTWD 1.76bnTWD 3.33bnTWD 2.35bnTWD 2.60bnTWD 1.68bn
Net incomeTWD 1.34bnTWD 2.14bnTWD 1.32bnTWD 1.46bnTWD 1.13bnTWD 1.32bnTWD 2.55bnTWD 2.06bnTWD 3.62bnTWD 2.01bn
Diluted earnings per share3.798.295.355.935.436.3512.3710.3919.0110.92

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 44.79bnTWD 39.12bnTWD 32.61bnTWD 33.43bnTWD 33.86bnTWD 34.16bnTWD 25.80bnTWD 30.33bnTWD 26.36bnTWD 15.36bn
Cash and short-term investmentsTWD 10.89bnTWD 9.52bnTWD 6.70bnTWD 7.75bnTWD 6.32bnTWD 4.19bnTWD 6.81bnTWD 8.94bnTWD 7.14bnTWD 4.99bn
Total liabilitiesTWD 25.71bnTWD 19.93bnTWD 19.13bnTWD 20.37bnTWD 21.71bnTWD 21.88bnTWD 12.80bnTWD 20.25bnTWD 12.65bnTWD 8.42bn
DebtTWD 7.37bnTWD 3.75bnTWD 5.66bnTWD 6.60bnTWD 8.34bnTWD 6.54bnTWD 2.88bnTWD 7.64bnTWD 2.19bnTWD 1.86bn
Shareholders' equityTWD 17.55bnTWD 18.02bnTWD 12.62bnTWD 12.27bnTWD 11.61bnTWD 11.77bnTWD 12.83bnTWD 9.93bnTWD 13.70bnTWD 6.95bn
Shares outstanding352m259m247m246m208m208m206m199m191m184m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 1.04bnTWD 2.03bnTWD 2.22bnTWD 4.68bnTWD 2.66bn−TWD 3.20bnTWD 4.23bnTWD 1.75bnTWD 2.04bnTWD 3.07bn
Capital spending−TWD 1.39bn−TWD 824.5m−TWD 543.1m−TWD 625.2m−TWD 1.33bn−TWD 1.64bn−TWD 677.0m−TWD 681.4m−TWD 756.4m−TWD 280.8m
Free cash flow−TWD 348.9mTWD 1.20bnTWD 1.68bnTWD 4.06bnTWD 1.33bn−TWD 4.83bnTWD 3.55bnTWD 1.06bnTWD 1.28bnTWD 2.79bn
Dividends paid−TWD 1.85bn−TWD 1.03bn−TWD 981.2m−TWD 866.0m−TWD 1.07bn−TWD 1.61bn−TWD 1.75bn−TWD 3.14bn−TWD 1.74bn−TWD 592.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 10.44bnTWD 10.97bnTWD 14.18bnTWD 13.12bnTWD 10.33bnTWD 8.86bnTWD 12.35bnTWD 12.86bn
Gross profitTWD 1.04bnTWD 1.28bnTWD 1.65bnTWD 1.65bnTWD 1.21bnTWD 1.09bnTWD 1.71bnTWD 1.73bn
Operating incomeTWD 3.6mTWD 206.5mTWD 547.0mTWD 563.2mTWD 244.5mTWD 107.2mTWD 514.6mTWD 755.0m
Net incomeTWD 124.1mTWD 257.8mTWD 397.9mTWD 582.6mTWD 2.6mTWD 353.5mTWD 660.1mTWD 626.4m
Diluted earnings per share0.250.521.131.650.011.002.552.42
Cash from operations−TWD 1.29bnTWD 1.43bnTWD 59.0m−TWD 40.0m−TWD 1.83bnTWD 2.88bnTWD 1.02bn−TWD 1.24bn
Capital spending−TWD 221.0m−TWD 213.0m−TWD 422.0m−TWD 463.0m−TWD 307.0m−TWD 200.0m−TWD 578.0m−TWD 82.0m
Free cash flow−TWD 1.51bnTWD 1.22bn−TWD 363.0m−TWD 503.0m−TWD 2.14bnTWD 2.68bnTWD 439.0m−TWD 1.32bn
Total assetsTWD 40.83bnTWD 41.24bnTWD 44.79bnTWD 42.75bnTWD 39.20bnTWD 39.41bnTWD 39.12bnTWD 39.84bn
Cash and short-term investmentsTWD 7.90bnTWD 9.06bnTWD 10.89bnTWD 9.09bnTWD 11.34bnTWD 11.95bnTWD 9.52bnTWD 8.64bn
DebtTWD 2.04bnTWD 4.39bnTWD 7.37bnTWD 2.30bnTWD 5.29bnTWD 3.58bnTWD 3.75bnTWD 3.89bn
Shareholders' equityTWD 16.79bnTWD 16.86bnTWD 17.55bnTWD 16.53bnTWD 15.44bnTWD 16.78bnTWD 18.02bnTWD 17.35bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.1%13.3%12.9%12.9%12.1%12.5%
Operating margin3.1%4.2%3.1%6.1%4.6%5.1%
Net margin2.9%4.9%3.6%4.1%3.1%3.8%
Return on equity7.6%11.9%10.5%11.9%9.7%11.2%
Return on assets3.0%5.5%4.0%4.4%3.3%3.9%
Free cash flow yield8.8%14.1%14.4%27.7%24.5%-9.6%
Revenue growth6.0%19.5%3.6%-2.2%5.0%-5.4%
Earnings growth-37.6%62.3%-9.3%29.0%-14.6%-48.1%
Current ratio1.55x1.91x1.31x1.55x1.40x1.13x
Debt to equity0.42x0.21x0.45x0.48x0.71x0.56x
Equity ratio39.2%46.1%38.7%36.7%34.3%34.5%
Interest coverage10.99x19.08x11.32x20.28x19.84x29.00x
R&D as a share of sales5.0%4.9%5.4%5.1%4.7%4.9%
Buybacks as a share of market value-36.3%-4.8%-0.4%-18.0%0.1%-1.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.5%6.2%14.3%
Operating income-12.0%-3.7%5.5%
Net income-2.8%0.2%7.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin12.7%12.8%12.6%13.8%
Operating margin3.7%4.1%4.3%5.8%
Net margin3.9%3.9%3.7%5.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings25.813.020.413.417.423.113.511.810.211.1
Price to sales0.70.60.70.60.50.90.90.71.41.3

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 27 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year4.0847.294.1244.4733.9715.0357.6558.443
  • 21-for-20 split · 24 Jul 2014
  • 1.06-for-1 split · 22 Jul 2013
  • 21-for-20 split · 31 Jul 2012
  • 1.099-for-1 split · 31 Jul 2007
  • 1.082-for-1 split · 26 Jul 2006
  • 1.059-for-1 split · 20 Jul 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.