Merida Industry Co (9914.TW) Stock Price

Merida Industry Co Price

TWSE·CLOSED
67.80
​
Market closed

Revenue has compounded at 6.1% per year over the past 19 years to 26.76 B TWD. Earnings per share have grown at 2.6% per year over the last 19 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 5.90%. The payout ratio is around 100% of earnings. The dividend has grown at 6.4% per year over the past 19 years. Analysts set a median price target of 105.57 TWD, implying 55.7% above the current price. Of 18 analysts, 10 rate the stock a buy — an overall Buy consensus.

Merida Industry Co stock price

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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.

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 +69.5 % versus the latest price. The consensus is based on 18 analyst ratings.

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 24.45 B TWD and earnings per share of 4.80 TWD.

Converted at the current exchange rate, the Merida Industry Co share trades at 1.90 EUR (67.80 TWD).

The Merida Industry Co share (9914.TW) is listed on 1 stock exchanges, including: TWSE (Taiwan) (9914.TW).

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 24.45 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 1.44 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 14.12. 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 0.83. 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.

Fair ValueTerminal
55.60 TWD
Over-/UndervaluationTerminal
Fairly valued
Industry
Leisure Products
Number of shares
Employees
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Taiwan
Currency
TWD
Initial public offering
Sep 30, 1992
ISIN
TW0009914002
Cusip
Y6020B101
Sedol
6584445
Market capitalization
20.27 B TWDLarge Cap
52-Week Range
PEG
0.98
P/E ratio
P/Ee 2026
14.12
P/Ee 2027
10.97
P/Ee 2028
8.77
P/S
P/Se
0.83
EV/EBIT
14.32
P/B Ratio
1.05
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
4.52 %
Dividend
Dividend yield
5.90 %
Est. Dividend Yield
4.13 %
Payout Ratio
99.65 %
Dividend growth Ø5Y
-18.94 %
Dividend payments per year
1
Dividend paid since
23 years
Dividend not reduced since
0 years
Dividend increased since
0 years
Dividend withholding tax
21.00 %
Last updated Oct 8, 2026, 9:45 PM

Merida Industry Co Peer Group

Merida Industry Co Ticker

TWSE · 9914.TW

Merida Industry Co FIGI

9914:TT (Taiwan Stock Exchange) · BBG000BH7939MIUYF:US · BBG000C1MX51MIUYF:PQ · BBG002JQ2WD0MIUYF:UV · BBG002JQ2WG79914TWD:EO · BBG00KDWJ0099914TWD:XH · BBG00KDWJ0369914TWD:XF · BBG00KDWJ0549914TWD:XE · BBG00KDWJ0729914TWD:XJ · BBG00KDWJ0819914TWD:XL · BBG00KDWJ0909914TWD:XG · BBG00KDWJ0B79914TWD:XO · BBG00KDWJ0C6