Merida Industry Co (9914.TW) Stock Price

Merida Industry Co Price

TWSE·CLOSED
80.90TWD-2.40 (-2.92 %)
Market closed

Revenue has compounded at 6.1% per year over the past 19 years to 26.76 B TWD. Earnings per share have declined at 0.3% per year over the last 15 years. Merida Industry Co's net margin stands at 4.5%, down from 15.8% several years earlier. Merida Industry Co currently offers a dividend yield of about 4.94%. The payout ratio is around 100% of earnings. The dividend has grown at 4.6% per year over the past 19 years. Analysts set a median price target of 105.57 TWD, implying 30.5% above the current price. Of 18 analysts, 10 rate the stock a buy — an overall Buy consensus. The stock trades about 45% above its 52-week low.

Merida Industry Co stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Merida Industry Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Merida Industry Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Merida Industry Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Merida Industry Co Stock Price History
DateMerida Industry Co Price
8/17/202680.90 TWD
8/14/202683.30 TWD
8/13/202685.50 TWD
8/12/202694.70 TWD
8/11/202694.30 TWD
8/10/202685.40 TWD
8/7/202680.80 TWD
8/6/202679.50 TWD
8/5/202677.40 TWD
8/4/202676.20 TWD
8/3/202676.20 TWD
7/31/202677.80 TWD
7/30/202678.40 TWD
7/29/202678.70 TWD
7/28/202677.20 TWD
7/27/202678.00 TWD
7/24/202678.90 TWD
7/23/202678.10 TWD
7/22/202679.30 TWD
7/21/202680.40 TWD
7/20/202678.20 TWD
7/17/202684.00 TWD
7/16/202684.20 TWD
7/15/202676.60 TWD
7/14/202676.10 TWD
7/13/202675.00 TWD
7/10/202672.80 TWD
7/9/202672.80 TWD
7/8/202674.20 TWD
7/7/202675.00 TWD
7/6/202675.90 TWD
7/3/202676.60 TWD
7/2/202674.80 TWD
7/1/202677.70 TWD
6/30/202678.30 TWD
6/29/202677.40 TWD
6/26/202673.60 TWD
6/25/202672.80 TWD
6/24/202671.50 TWD
6/23/202672.10 TWD
6/22/202674.60 TWD
6/18/202672.80 TWD
6/17/202673.00 TWD
6/16/202674.30 TWD
6/15/202674.20 TWD
6/12/202673.60 TWD
6/11/202672.50 TWD
6/10/202669.00 TWD
6/9/202668.60 TWD
6/8/202668.00 TWD
6/5/202669.30 TWD
6/4/202668.60 TWD
6/3/202669.30 TWD
6/2/202668.90 TWD
6/1/202667.50 TWD
5/29/202668.00 TWD
5/28/202666.00 TWD
5/27/202665.30 TWD
5/26/202666.50 TWD
5/25/202668.20 TWD
5/22/202668.00 TWD
5/21/202669.90 TWD
5/20/202668.30 TWD
5/19/202668.50 TWD
5/18/202668.40 TWD
5/15/202669.70 TWD
5/14/202663.80 TWD
5/13/202662.90 TWD
5/12/202659.50 TWD
5/11/202657.50 TWD
5/8/202655.70 TWD
5/7/202656.10 TWD
5/6/202656.40 TWD
5/5/202658.20 TWD
5/4/202657.90 TWD
4/30/202657.90 TWD
4/29/202657.90 TWD
4/28/202656.60 TWD
4/27/202657.20 TWD
4/24/202657.50 TWD
4/23/202659.90 TWD
4/22/202661.50 TWD
4/21/202661.60 TWD
4/20/202660.70 TWD
4/17/202660.90 TWD
4/16/202662.30 TWD
4/15/202660.50 TWD
4/14/202660.50 TWD
4/13/202660.80 TWD
4/10/202659.40 TWD
4/9/202658.10 TWD
4/8/202661.90 TWD
4/7/202663.60 TWD
4/2/202664.60 TWD
4/1/202665.50 TWD
3/31/202664.90 TWD
3/30/202665.70 TWD
3/27/202666.00 TWD
3/26/202667.50 TWD
3/25/202667.60 TWD
3/24/202667.90 TWD
3/23/202668.50 TWD
3/20/202668.10 TWD
3/19/202667.10 TWD
3/18/202668.20 TWD
3/17/202669.40 TWD
3/16/202670.40 TWD
3/13/202669.20 TWD
3/12/202669.80 TWD
3/11/202670.00 TWD
3/10/202668.70 TWD
3/9/202669.10 TWD
3/6/202670.30 TWD
3/5/202670.80 TWD
3/4/202669.90 TWD
3/3/202671.60 TWD
3/2/202674.00 TWD
2/26/202675.20 TWD
2/25/202676.20 TWD
2/24/202678.00 TWD
2/23/202678.00 TWD
2/11/202682.10 TWD
2/10/202682.50 TWD
2/9/202682.60 TWD
2/6/202683.90 TWD
2/5/202686.40 TWD
2/4/202686.00 TWD
2/3/202688.90 TWD
2/2/202686.10 TWD
1/30/202684.40 TWD
1/29/202686.40 TWD
1/28/202686.20 TWD
1/27/202688.40 TWD
1/26/202687.60 TWD
1/23/202688.80 TWD
1/22/202689.50 TWD
1/21/202688.70 TWD
1/20/202689.90 TWD
1/19/202692.30 TWD
1/16/202692.10 TWD
1/15/202687.30 TWD
1/14/202689.00 TWD
1/13/202684.10 TWD
1/12/202680.40 TWD
1/9/202681.00 TWD
1/8/202681.00 TWD
1/7/202680.30 TWD
1/6/202679.40 TWD
1/5/202679.00 TWD
1/2/202678.50 TWD
12/31/202582.70 TWD
12/30/202582.90 TWD
12/29/202583.00 TWD
12/26/202582.40 TWD
12/24/202582.90 TWD
12/23/202584.20 TWD
12/22/202586.20 TWD
12/19/202586.00 TWD
12/18/202584.60 TWD
12/17/202583.40 TWD
12/16/202585.90 TWD
12/15/202587.20 TWD
12/12/202588.10 TWD
12/11/202588.10 TWD
12/10/202589.40 TWD
12/9/202590.00 TWD
12/8/202591.70 TWD
12/5/202592.30 TWD
12/4/202593.80 TWD
12/3/202593.30 TWD
12/2/202593.80 TWD
12/1/202593.50 TWD
11/28/202592.50 TWD
11/27/202595.30 TWD
11/26/202596.00 TWD
11/25/202590.40 TWD
11/24/202589.40 TWD
11/21/202590.40 TWD
11/20/202588.60 TWD
11/19/202588.70 TWD
11/18/202588.40 TWD
11/17/202593.50 TWD
11/14/202595.10 TWD
11/13/202595.40 TWD
11/12/202594.30 TWD
11/11/202593.40 TWD
11/10/202594.50 TWD
11/7/202598.70 TWD
11/6/2025100.50 TWD
11/5/202599.40 TWD
11/4/202598.40 TWD
11/3/2025100.00 TWD
10/31/2025100.00 TWD
10/30/2025102.00 TWD
10/29/2025103.50 TWD
10/28/2025104.50 TWD
10/27/2025105.00 TWD
10/23/2025108.50 TWD
10/22/2025103.50 TWD
10/21/2025102.00 TWD
10/20/2025103.00 TWD
10/17/2025102.50 TWD
10/16/2025103.00 TWD
10/15/202599.90 TWD
10/14/2025101.00 TWD
10/13/202599.80 TWD
10/9/202599.20 TWD
10/8/2025103.00 TWD
10/7/2025102.50 TWD
10/3/2025101.00 TWD
10/2/2025100.50 TWD
10/1/2025100.00 TWD
9/30/2025101.50 TWD
9/26/2025103.00 TWD
9/25/2025105.00 TWD
9/24/2025107.50 TWD
9/23/2025108.00 TWD
9/22/2025109.00 TWD
9/19/2025108.50 TWD
9/18/2025112.00 TWD
9/17/2025110.00 TWD
9/16/2025109.00 TWD
9/15/2025108.00 TWD
9/12/2025107.50 TWD
9/11/2025107.00 TWD
9/10/2025109.50 TWD
9/9/2025109.00 TWD
9/8/2025112.50 TWD
9/5/2025113.00 TWD
9/4/2025114.00 TWD
9/3/2025110.50 TWD
9/2/2025114.00 TWD
9/1/2025112.50 TWD
8/29/2025113.50 TWD
8/28/2025112.50 TWD
8/27/2025112.50 TWD
8/26/2025111.00 TWD
8/25/2025111.00 TWD
8/22/2025108.00 TWD
8/21/2025109.50 TWD
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Merida Industry Co Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
29.39 B TWD
6.26 B TWD
4.65 B TWD
Jan 1, 2022
37.00 B TWD
4.58 B TWD
3.39 B TWD
Jan 1, 2023
27.26 B TWD
3.39 B TWD
1.69 B TWD
Jan 1, 2024
29.63 B TWD
3.06 B TWD
-699.10 M TWD
Jan 1, 2025
26.76 B TWD
1.66 B TWD
1.20 B TWD
Jan 1, 2026 (e)
24.07 B TWD
2.50 B TWD
1.54 B TWD
Jan 1, 2027 (e)
26.26 B TWD
2.69 B TWD
1.97 B TWD
Jan 1, 2028 (e)
27.71 B TWD
2.86 B TWD
2.27 B TWD

Merida Industry Co Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 20, 2026, 8:15 PM
 
REVENUEB TWD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB TWD
EBITB TWD
EBIT MARGIN%
NET INCOMEB TWD
NET INCOME GROWTH%
DIV.TWD
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
25.3127.2228.0922.9022.4025.8528.2427.0729.3937.0027.2629.6326.7624.0726.2627.71
3.827.543.22-18.48-2.2115.439.25-4.158.5725.90-26.338.70-9.71-10.049.125.51
17.9517.8917.1814.3711.9713.1113.5213.9913.9017.2718.7618.1614.8014.8014.8014.80
4.544.874.833.292.683.393.823.794.096.395.115.383.963.563.894.10
2.662.662.821.541.031.353.245.276.264.583.393.061.662.502.692.86
10.519.7810.056.724.595.2311.4619.4621.2912.3612.4210.346.2210.4010.2510.33
2.913.353.041.920.801.712.503.994.653.391.69-0.701.201.541.972.27
25.0315.20-9.23-36.91-58.45114.3046.4959.5916.43-27.10-50.10-141.34-271.6728.0828.1715.08
5.505.716.805.504.002.003.504.207.008.007.006.004.004.004.004.00
110.733.8219.09-19.12-27.27-50.0075.0020.0066.6714.29-12.50-14.29-33.33–––
298.55299.21299.29298.89300.01298.72299.41299.20301.04302.55298.98298.98299.00299.00299.00299.00
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Merida Industry Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Merida Industry Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Merida Industry Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Merida Industry Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Merida Industry Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Merida Industry Co stock margins

The Merida Industry Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Merida Industry Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Merida Industry Co.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
13.91 %
21.29 %
15.82 %
Jan 1, 2022
17.27 %
12.37 %
9.16 %
Jan 1, 2023
18.76 %
12.42 %
6.21 %
Jan 1, 2024
18.16 %
10.34 %
-2.36 %
Jan 1, 2025
14.80 %
6.22 %
4.49 %
Jan 1, 2026 (e)
14.80 %
10.40 %
6.39 %
Jan 1, 2027 (e)
14.80 %
10.25 %
7.50 %
Jan 1, 2028 (e)
14.80 %
10.34 %
8.18 %

Merida Industry Co Stock Revenue, EBIT, Earnings per Share

The Merida Industry Co earnings per share therefore indicates how much revenue Merida Industry Co has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
97.63 TWD
20.79 TWD
15.45 TWD
Jan 1, 2022
122.30 TWD
15.12 TWD
11.20 TWD
Jan 1, 2023
91.18 TWD
11.32 TWD
5.66 TWD
Jan 1, 2024
99.11 TWD
10.25 TWD
-2.34 TWD
Jan 1, 2025
89.49 TWD
5.56 TWD
4.01 TWD
Jan 1, 2026 (e)
80.51 TWD
8.37 TWD
5.14 TWD
Jan 1, 2027 (e)
87.85 TWD
9.00 TWD
6.59 TWD
Jan 1, 2028 (e)
92.69 TWD
9.58 TWD
7.58 TWD

Merida Industry Co business model & stock analysis

Merida Industry Co Ltd is a multinational bicycle manufacturer based in Taiwan. The company was founded in 1972 and has since become one of the largest bicycle manufacturers in the world. Merida designs, develops, and produces bicycles for various markets and applications. The company produces bicycles for road cyclists, mountain bikers, city riders, and many others. In the 1980s, Merida decided to globalize its business model. The company established manufacturing in Taiwan to be more efficient and cost-effective. Today, Merida operates factories in China, Indonesia, and Taiwan. However, the company is not only known for its bicycle manufacturing but also for its outstanding research and development department. Merida has a strong culture of innovation and constantly works on new technologies and designs for its products. The different divisions of the company include the development, production, and distribution of road bikes, mountain bikes, lifestyle bikes, e-bikes, and bicycle components. The products are distributed worldwide and contribute positively to the company's international reputation. Merida's mountain bikes and road bikes are highly popular among many professional athletes and have been used in several important races. Merida has also specialized in e-bikes, a trend that has gained significant importance in recent years. The company has many different models of e-bikes on the market, catering to all price ranges. It also sources its components from other reputable manufacturers such as Shimano and SRAM. Merida quickly established itself as a leading provider of e-bikes and has built up certain expertise in the field. E-bikes are expected to continue to grow in the coming years, and Merida is well-positioned to benefit from this. Merida has also invested in OEM production. OEM production is a business model where partners of Merida produce their own products with the help of Merida. As a result, Merida works closely with many leading bicycle manufacturers. This strategy allows Merida to have a greater presence in various markets and provides a high level of flexibility to respond to changing demand patterns. Merida has also specialized in bicycle components. The company focuses on wheels, forks, handlebars, saddles, and various other components. These components are used by many leading manufacturers such as Scott and Giant. Merida sets very high standards for the components and places great value on quality and innovation in their development. Merida has become a leading company in the global bicycle market. The company has made significant investments in its research and development, production, and distribution departments in recent years. These investments have earned Merida a good reputation among its customers, and it is expected that the company will continue to grow in importance in the coming years. The strategic focus of the company on e-bikes and OEM production is particularly interesting in this context.

Merida Industry Co SWOT Analysis

Strengths

Merida Industry Co Ltd has built a strong reputation in the cycling industry, known for producing high-quality bicycles and components. The company's long history and expertise contribute to its credibility.

Merida offers a wide range of bicycles catering to various segments, including road bikes, mountain bikes, and electric bikes. This diverse product portfolio enables the company to reach a broader customer base.

Merida Industry Co Ltd emphasizes innovation and invests in research and development. This commitment allows the company to stay ahead of technological advancements and continuously introduce new and improved products to the market.

Weaknesses

Merida relies on external suppliers for the raw materials and components used in its bicycles. This dependence may lead to potential disruptions in the supply chain and affect production timelines.

While Merida has a strong reputation in the cycling industry, its brand recognition among the general public may not be as high compared to some other well-known competitors. This limited visibility could impact market share.

Opportunities

With the increasing popularity of electric bikes, Merida can capitalize on this trend by expanding its electric bike offerings. By investing in research and production of electric bikes, the company can tap into a rapidly growing market segment.

Merida can explore opportunities in emerging markets where the demand for bicycles is growing. By establishing a presence in these markets, the company can expand its customer base and drive sales.

Threats

The cycling industry is highly competitive, with numerous established brands and new entrants vying for market share. Merida must navigate this competitive landscape and differentiate itself to maintain its position.

Economic fluctuations, such as recessions or currency fluctuations, can impact consumer spending and demand for bicycles. Merida needs to be vigilant and adapt its strategies accordingly to mitigate potential economic risks.

Merida Industry Co Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Merida Industry Co historical P/E ratio, EBIT multiple, and P/S ratio

Merida Industry Co annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Merida Industry Co shares outstanding

The number of shares of Merida Industry Co was 299 M in 2025. This indicates how many shares Merida Industry Co is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
301.04 M Stocks
Jan 1, 2022
302.55 M Stocks
Jan 1, 2023
298.98 M Stocks
Jan 1, 2024
298.98 M Stocks
Jan 1, 2025
299.00 M Stocks
Jan 1, 2026 (e)
299.00 M Stocks
Jan 1, 2027 (e)
299.00 M Stocks
Jan 1, 2028 (e)
299.00 M Stocks

Merida Industry Co stock splits

In Merida Industry Co's history, there have been no stock splits.

Merida Industry Co Dividend History

25 years of dividend payments

YearAnnual DividendYoY ChangePayments
20254.00TWD↓ 33.3%1×
Aug 7, 20254.00TWD↓ 33.3%1/1
20246.00TWD↓ 14.3%1×
20237.00TWD↓ 12.5%1×
20228.00TWD↑ 14.3%1×
20217.00TWD↑ 66.7%1×
20204.20TWD↑ 20.0%1×
20193.50TWD↑ 75.0%1×
20182.00TWD↓ 50.0%1×
20174.00TWD↓ 27.3%1×
20165.50TWD↓ 19.1%1×

Merida Industry Co dividend history and estimates

In 2025, Merida Industry Co paid a dividend amounting to 4.00 TWD. Dividend means that Merida Industry Co distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
7.00 TWD
0.00 TWD
Jan 1, 2022
8.00 TWD
0.00 TWD
Jan 1, 2023
7.00 TWD
0.00 TWD
Jan 1, 2024
6.00 TWD
0.00 TWD
Jan 1, 2025
4.00 TWD
0.00 TWD
Jan 1, 2026 (e)
0.00 TWD
4.00 TWD
Jan 1, 2027 (e)
0.00 TWD
4.00 TWD
Jan 1, 2028 (e)
0.00 TWD
4.00 TWD

Merida Industry Co dividend payout ratio

In 2025, Merida Industry Co had a payout ratio of 99.65%. The payout ratio indicates the percentage of the company's profits that Merida Industry Co distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
45.32 %
Jan 1, 2022
71.42 %
Jan 1, 2023
123.71 %
Jan 1, 2024
-256.60 %
Jan 1, 2025
99.65 %
Jan 1, 2026 (e)
77.77 %
Jan 1, 2027 (e)
60.70 %
Jan 1, 2028 (e)
52.75 %

Current Merida Industry Co forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
5.48 %
Buy
55.56 % (10)
Hold
33.33 % (6)
Sell
11.11 % (2)
12M Price Target
105.57
Last Price
83.90
Currency
TWD
12M Return Potential
25.83 %
LTM Return
0 %

Merida Industry Co Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/2/20242.88TWD-8.79 BTWD-2024 Q4
5/13/20242.24TWD-7.27 BTWD-2024 Q1

EESG©

Eulerpool ESG Scorecard© for the Merida Industry Co stock

51/100
69
Environment
73
Social
12
Governance
E

Environment

20
Scope 1 - Direct Emissions1,582.096
Scope 2 - Indirect emissions from purchased energy3,988.1
Scope 3 - Indirect emissions within the value chain6,494.273
Total CO₂ emissions5,570.197
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees—
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Merida Industry Co shareholder structure

% Name
16.27680%
Tseng (Sung Chu)
Tseng (Sung Chu)
4.64306%
Cathay Life Insurance Co., Ltd.
Cathay Life Insurance Co., Ltd.
4.30291%
Fubon Life Insurance Co., Ltd.
Fubon Life Insurance Co., Ltd.
3.48083%
Schroder Investment Management (Singapore) Ltd.
Schroder Investment Management (Singapore) Ltd.
3.04364%
Chunghwa Post Co., Ltd.
Chunghwa Post Co., Ltd.
3.01053%
Tseng (Lu Min Hua)
Tseng (Lu Min Hua)

Merida Industry Co Beneficial Ownership Filings (SEC 13D/G)

Free Float
73.7%
Float Shares
-
Shares Outstanding
-

Merida Industry Co Executives and Management Board

16 members · avg. age 64 · 20 % women

Management

ST

Mr. Shang-Yuan Tseng

General Manager, Chief Information Security Officer

–
ML

Mr. Ming-Gen Liu

Deputy General Manager, Corporate Governance Officer

–
ZZ

Zhenyong Zhang

Assistant General Manager · since 2024

–

Board of Directors

ST

Mr. Sung-Zhu Tseng

Chairman of the Board · since 1994

–
WZ

Mr. Wen-Xiang Zheng

Deputy General Manager-Marketing Affair Department, Director · since 1998

–
RL

Mr. Ru-Ding Lai

Deputy General Manager-Manufacture Affair Department, Director · since 2007

–
CT

Mr. Ching-Cheng Tseng

Deputy General Manager-Domestic Sales Department, Director · since 2012

–
QY

Mr. Qi-Bin Yuan

Deputy General Manager-Production Management Center, Director

–
TL

Mr. Tsai-Jen Lo (71)

Director

–

Frequently asked questions about Merida Industry Co

The main competitors of Merida Industry Co Ltd in the market include Giant Manufacturing Co Ltd, Trek Bicycle Corporation, and Accell Group NV. These companies are also leading manufacturers and distributors of bicycles and related accessories. However, Merida Industry Co Ltd stands out with its innovative designs, high-quality products, and strong brand presence. With its diverse range of bicycles and continued commitment to superior customer experience, Merida Industry Co Ltd continues to solidify its competitive position in the market.

The business model of Merida Industry Co Ltd revolves around the design, manufacture, and distribution of bicycles and related components. As one of the leading companies in the global bicycle industry, Merida Industry Co Ltd focuses on producing high-quality bicycles for various segments and purposes, including mountain bikes, road bikes, and electric bicycles. With a strong commitment to innovation, research and development, and customer satisfaction, Merida Industry Co Ltd aims to deliver cutting-edge products that cater to the diverse needs and preferences of cyclists worldwide. Through strategic partnerships and a vast distribution network, the company ensures wide market reach and continuous growth in the cycling industry. Merida Industry Co Ltd consistently strives to provide customers with reliable, durable, and performance-driven bicycles, enhancing the overall cycling experience.

Merida Industry Co Ltd is primarily active in the bicycle manufacturing industry.

Merida Industry Co Ltd is a renowned company with a rich history and background. Established in 1972, Merida has evolved into one of the leading manufacturers of high-quality bicycles and cycling equipment globally. The company is headquartered in Taiwan and operates with a mission to deliver innovative, reliable, and sustainable products to meet the needs of cyclists worldwide. Merida Industry Co Ltd has continuously focused on research and development, ensuring their bicycles and accessories feature the latest technological advancements. With a commitment to excellence, Merida has received numerous awards and accolades, solidifying its reputation as a trusted and respected brand in the cycling industry.

Merida Industry Co Ltd has achieved significant milestones throughout its history. The company has successfully established itself as a leading manufacturer and distributor of bicycles, with a strong focus on innovation and quality. Over the years, Merida has won numerous awards and accolades for its cutting-edge designs and technological advancements. With a global presence, the company has expanded its market reach and formed strategic partnerships with renowned brands. Merida Industry Co Ltd continues to set new standards in the industry, leveraging its expertise and commitment to deliver exceptional products that cater to the diverse needs of cyclists worldwide.

Merida Industry Co Ltd is primarily present in various countries and regions around the world. The company has a global presence, with a strong focus on Asia Pacific markets, including China, Taiwan, and Japan. Additionally, Merida Industry Co Ltd has established a significant presence in Europe, particularly in countries like Germany, France, and the UK. With its expansion strategies and distribution networks, the company aims to target and cater to a diverse range of customers in these regions, solidifying its position in the global market.

Merida Industry Co Ltd represents core values of innovation, quality, and sustainability. As a leading company in the bicycle industry, Merida Industry is committed to providing innovative, high-quality bicycles that cater to the diverse needs of riders worldwide. With a strong focus on research and development, Merida Industry constantly strives to push the limits of technological advancements to enhance the performance, comfort, and safety of their bikes. Moreover, the company firmly believes in sustainable practices and actively pursues eco-friendly manufacturing processes. Merida Industry's corporate philosophy revolves around delivering exceptional products that embody their dedication to excellence, customer satisfaction, and environmental responsibility.

Analysts currently set an average price target of 114.95 TWD for the Merida Industry Co stock (median: 105.57 TWD), implying +37.0 % versus the latest price. The consensus is based on 18 analyst ratings.

Merida Industry Co Analyst Price Targets 2026

18 analysts currently rate the Merida Industry Co stock: 10 recommend buying, 6 holding and 2 selling. For 2026, analysts expect Merida Industry Co to generate revenue of 24.07 B TWD and earnings per share of 5.14 TWD.

Merida Industry Co Analyst Price Targets 2026

Converted at the current exchange rate, the Merida Industry Co share trades at 2.18 EUR (80.90 TWD).

Merida Industry Co Ltd is a leading manufacturer of bicycles and sports equipment based in Taiwan. The company was founded in 1972 and has since become a global player in the bicycle market. Merida produces a wide variety of bicycles for different categories and customer needs, including mountain bikes, road bikes, trekking bikes, e-bikes, and children's bikes. Merida has a strong presence in Europe, Asia, the USA, and Australia and works closely with distributors and retailers in these regions. The company operates a network of production facilities in Taiwan, China, and Germany and employs over 4,000 employees worldwide. Merida also has its own research and development center, which constantly works on improving products and technologies. Merida's bicycles are appreciated by professional athletes and recreational cyclists alike, as they offer excellent quality and performance. The product range includes innovative technologies such as the Smooth Welding process for seamless frames and the Boost system for better control and traction in challenging terrain. Merida also offers a wide range of accessories and clothing for cyclists. Another division of Merida is the production of fitness equipment for indoor and outdoor use. The company manufactures treadmills, elliptical trainers, stationary bikes, and more for use in gyms or at home. These products are known for their robustness, durability, and user-friendliness and are appreciated by fitness enthusiasts worldwide. Merida also has a subsidiary specialized in the production of high-quality carbon components. These components are used by renowned brands in the bicycle industry such as Shimano and SRAM, offering excellent stiffness and durability at low weight. Merida's business model is based on its ability to offer innovative products of the highest quality at competitive prices. The company focuses on an effective combination of research, development, and production to meet the needs of its customers and ensure that its products achieve high customer satisfaction. The company operates its business through multiple channels, including sales to retailers and distributors, direct sales to end consumers, and sales through online marketplaces. Merida also has a strong presence on social media to reach potential customers and promote its brand. Overall, Merida has a strong and diversified business model based on innovation, quality, and customer orientation. The company has built a strong reputation and is expected to continue to play an important role in the bicycle and fitness industry.

The expected revenue of Merida Industry Co is 24.07 B TWD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Merida Industry Co is 1.54 B TWD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Merida Industry Co is currently 15.73. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Merida Industry Co stock.

The price-to-sales ratio (P/S) of Merida Industry Co is currently 1.00. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Merida Industry Co stock.

The Eulerpool Quality Score for Merida Industry Co is 2/10.

The ISIN of Merida Industry Co is TW0009914002. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Merida Industry Co is 9914.TW. The ticker symbol is used to trade Merida Industry Co shares on the stock exchange.

Over the past 12 months, Merida Industry Co paid a dividend of 4.00 TWD . This corresponds to a dividend yield of about 4.94 %. For the coming 12 months, Merida Industry Co is expected to pay a dividend of 4.00 TWD.

The current dividend yield of Merida Industry Co is 4.94 %.

Merida Industry Co pays a dividend, distributed in the months of , , , .

Merida Industry Co paid dividends every year for the past 23 years.

For the upcoming 12 months, dividends amounting to 4.00 TWD are expected. This corresponds to a dividend yield of 4.94 %.

Merida Industry Co is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Merida Industry Co from amounting to 4 TWD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Merida Industry Co distributed 6 TWD as dividends.

The dividends of Merida Industry Co are distributed in TWD.

All fundamentals and in-depth analysis of Merida Industry Co

Our stock analysis for Merida Industry Co stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Merida Industry Co. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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