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M

Merida Industry Co 9914.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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63.90

+0.79%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 26.76bn

FY2016FY2025

Net income

TWD 1.20bn

FY2016FY2025

Free cash flow

TWD 2.35bn

FY2016FY2025

Shareholders' equity

TWD 19.39bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 26.76bnTWD 29.63bnTWD 27.26bnTWD 37.00bnTWD 29.39bnTWD 27.07bnTWD 28.24bnTWD 25.85bnTWD 22.40bnTWD 22.90bn
Gross profitTWD 3.96bnTWD 5.38bnTWD 5.11bnTWD 6.39bnTWD 4.09bnTWD 3.79bnTWD 3.82bnTWD 3.39bnTWD 2.68bnTWD 3.29bn
Research and development——TWD 3.4mTWD 4.6m——————
Operating incomeTWD 1.66bnTWD 3.06bnTWD 3.39bnTWD 4.58bnTWD 6.26bnTWD 5.27bnTWD 3.24bnTWD 1.35bnTWD 1.03bnTWD 1.54bn
Net incomeTWD 1.20bn−TWD 699.1mTWD 1.69bnTWD 3.39bnTWD 4.65bnTWD 3.99bnTWD 2.50bnTWD 1.71bnTWD 797.4mTWD 1.92bn
Diluted earnings per share4.01-2.345.6611.2015.4513.358.365.722.666.42

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 35.20bnTWD 37.58bnTWD 38.16bnTWD 42.55bnTWD 35.51bnTWD 29.68bnTWD 25.68bnTWD 22.78bnTWD 20.95bnTWD 21.60bn
Cash and short-term investmentsTWD 4.16bnTWD 3.96bnTWD 3.78bnTWD 5.93bnTWD 4.33bnTWD 5.49bnTWD 4.35bnTWD 3.72bnTWD 3.59bnTWD 3.96bn
Total liabilitiesTWD 15.38bnTWD 17.30bnTWD 16.59bnTWD 21.06bnTWD 16.94bnTWD 12.90bnTWD 11.28bnTWD 9.50bnTWD 8.86bnTWD 8.52bn
DebtTWD 7.13bnTWD 8.05bnTWD 7.61bnTWD 6.53bnTWD 4.00bnTWD 2.80bnTWD 2.63bnTWD 1.88bnTWD 1.79bnTWD 1.58bn
Shareholders' equityTWD 19.39bnTWD 19.30bnTWD 20.52bnTWD 20.58bnTWD 17.76bnTWD 16.03bnTWD 13.78bnTWD 12.75bnTWD 11.59bnTWD 12.59bn
Shares outstanding299m299m299m303m301m299m299m299m300m299m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 2.44bnTWD 2.24bn−TWD 262.2mTWD 1.73bnTWD 787.7mTWD 2.11bnTWD 1.21bnTWD 735.9mTWD 305.9mTWD 1.71bn
Capital spending−TWD 95.2m−TWD 110.5m−TWD 120.2m−TWD 140.8m−TWD 154.1m−TWD 473.9m−TWD 298.4m−TWD 133.6m−TWD 146.3m−TWD 147.7m
Free cash flowTWD 2.35bnTWD 2.13bn−TWD 382.4mTWD 1.59bnTWD 633.6mTWD 1.64bnTWD 911.9mTWD 602.3mTWD 159.6mTWD 1.57bn
Dividends paid−TWD 1.20bn−TWD 1.79bn−TWD 2.09bn−TWD 2.40bn−TWD 2.09bn−TWD 1.25bn−TWD 1.05bn−TWD 598.0m−TWD 1.20bn−TWD 1.64bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 7.00bnTWD 5.26bnTWD 4.96bnTWD 7.22bnTWD 7.00bnTWD 7.57bnTWD 5.80bnTWD 8.66bn
Gross profitTWD 1.37bnTWD 792.2mTWD 684.4mTWD 982.6mTWD 1.04bnTWD 1.25bnTWD 782.7mTWD 1.58bn
Operating incomeTWD 765.2mTWD 277.6mTWD 140.4mTWD 443.0mTWD 452.8mTWD 671.8mTWD 232.3mTWD 961.7m
Net incomeTWD 318.2mTWD 325.7m−TWD 237.2mTWD 624.9mTWD 394.0mTWD 418.5m−TWD 2.46bnTWD 690.2m
Diluted earnings per share1.001.02-0.792.091.321.40-8.232.31
Cash from operationsTWD 1.59bnTWD 380.0m−TWD 179.0mTWD 1.10bnTWD 1.46bn−TWD 143.0m−TWD 848.0mTWD 782.0m
Capital spending−TWD 6.0m−TWD 13.0m−TWD 34.0m−TWD 35.0m−TWD 15.0m−TWD 11.0m−TWD 24.0m−TWD 36.0m
Free cash flowTWD 1.58bnTWD 367.0m−TWD 213.0mTWD 1.07bnTWD 1.44bn−TWD 154.0m−TWD 872.0mTWD 746.0m
Total assetsTWD 35.77bnTWD 36.19bnTWD 35.20bnTWD 36.13bnTWD 35.26bnTWD 38.78bnTWD 37.58bnTWD 41.86bn
Cash and short-term investmentsTWD 5.03bnTWD 4.38bnTWD 4.16bnTWD 4.13bnTWD 3.82bnTWD 4.28bnTWD 3.96bnTWD 5.23bn
DebtTWD 5.35bnTWD 6.97bnTWD 7.18bnTWD 6.82bnTWD 6.39bnTWD 8.46bnTWD 8.00bnTWD 8.10bn
Shareholders' equityTWD 19.51bnTWD 20.03bnTWD 19.39bnTWD 19.00bnTWD 17.73bnTWD 20.13bnTWD 19.30bnTWD 21.48bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin14.8%18.2%18.8%17.3%13.9%14.0%
Operating margin6.2%10.3%12.4%12.4%21.3%19.5%
Net margin4.5%-2.4%6.2%9.2%15.8%14.8%
Return on equity6.2%-3.6%8.2%16.5%26.2%24.9%
Return on assets3.4%-1.9%4.4%8.0%13.1%13.5%
Free cash flow yield12.7%11.8%-0.7%9.3%4.7%13.0%
Revenue growth-9.7%8.7%-26.3%25.9%8.6%-4.1%
Earnings growth-271.7%-141.3%-50.1%-27.1%16.4%59.6%
Current ratio1.40x1.40x1.43x1.34x1.32x1.53x
Debt to equity0.37x0.41x0.32x0.31x0.22x0.17x
Equity ratio55.1%51.3%53.8%48.4%50.0%54.0%
Interest coverage7.86x12.78x14.82x59.09x131.96x101.32x
R&D as a share of sales——0.0%0.0%——
Buybacks as a share of market value-0.0%0.0%1.2%-0.5%-0.6%0.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-10.2%-0.2%-0.5%
Operating income-28.6%-20.6%-5.2%
Net income-29.3%-21.4%-8.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin16.6%17.3%16.2%15.3%
Operating margin8.4%10.5%13.7%11.2%
Net margin0.9%4.6%8.0%7.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings20.6-64.632.314.921.217.721.124.147.022.4
Price to sales0.91.52.01.43.42.61.91.61.71.9

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 6 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.804.006.007.008.007.004.203.50
  • 21-for-20 split · 19 Aug 2014
  • 1.15-for-1 split · 15 Aug 2012
  • 1.15-for-1 split · 31 Aug 2009
  • 1.06-for-1 split · 18 Aug 2005
  • 1.13-for-1 split · 8 Aug 2001
  • 1.18-for-1 split · 4 Aug 2000

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.