Merida Industry Co (9914.TW) Stock Price

Merida Industry Co Price

🇹🇼TWSE·CLOSED
69.00TWD
Market closed
Today +/-
Today %

Merida Industry Co (9914.TW) Stock | ISIN TW0009914002. The current Merida Industry Co stock price is 69 TWD (2026). Revenue is 27.95 B TWD. Net income is 1.95 B TWD. The P/E ratio is 10.58. Market capitalization is 20.63 B TWD. Merida Industry Co operates in the Cyclical consumption sector.

Merida Industry Co stock price

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
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Merida Industry Co Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
7.96 B TWD
382 M TWD
612 M TWD
Jan 1, 2006
8.74 B TWD
497 M TWD
733 M TWD
Jan 1, 2007
12.78 B TWD
1.04 B TWD
1.33 B TWD
Jan 1, 2008
15.57 B TWD
1.16 B TWD
1.19 B TWD
Jan 1, 2009
15.27 B TWD
783 M TWD
1.13 B TWD
Jan 1, 2010
16.78 B TWD
829 M TWD
1.25 B TWD
Jan 1, 2011
20.16 B TWD
1.46 B TWD
1.82 B TWD
Jan 1, 2012
24.38 B TWD
2.22 B TWD
2.33 B TWD
Jan 1, 2013
25.31 B TWD
2.66 B TWD
2.91 B TWD
Jan 1, 2014
27.22 B TWD
2.66 B TWD
3.35 B TWD
Jan 1, 2015
28.09 B TWD
2.82 B TWD
3.04 B TWD
Jan 1, 2016
22.9 B TWD
1.54 B TWD
1.92 B TWD
Jan 1, 2017
22.4 B TWD
1.03 B TWD
797.36 M TWD
Jan 1, 2018
25.85 B TWD
1.35 B TWD
1.71 B TWD
Jan 1, 2019
28.24 B TWD
1.71 B TWD
2.5 B TWD

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

Last updated Jun 10, 2026, 4:01 PM
 
REVENUE (M TWD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M TWD)
NET INCOME (M TWD)
NET INCOME GROWTH (%)
DIV. (TWD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

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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.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
13.86 %
4.8 %
7.69 %
Jan 1, 2006
14.24 %
5.69 %
8.38 %
Jan 1, 2007
15.16 %
8.17 %
10.41 %
Jan 1, 2008
15.28 %
7.47 %
7.64 %
Jan 1, 2009
12.75 %
5.13 %
7.38 %
Jan 1, 2010
12.03 %
4.94 %
7.44 %
Jan 1, 2011
14.22 %
7.22 %
9 %
Jan 1, 2012
16.25 %
9.12 %
9.54 %
Jan 1, 2013
17.95 %
10.51 %
11.49 %
Jan 1, 2014
17.89 %
9.78 %
12.31 %
Jan 1, 2015
17.18 %
10.05 %
10.82 %
Jan 1, 2016
14.37 %
6.72 %
8.38 %
Jan 1, 2017
11.97 %
4.59 %
3.56 %
Jan 1, 2018
13.11 %
5.23 %
6.61 %
Jan 1, 2019
13.52 %
6.06 %
8.86 %

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.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
26.63 TWD
1.28 TWD
2.05 TWD
Jan 1, 2006
29.24 TWD
1.66 TWD
2.45 TWD
Jan 1, 2007
42.75 TWD
3.49 TWD
4.45 TWD
Jan 1, 2008
51.4 TWD
3.84 TWD
3.92 TWD
Jan 1, 2009
50.38 TWD
2.58 TWD
3.72 TWD
Jan 1, 2010
55.58 TWD
2.75 TWD
4.14 TWD
Jan 1, 2011
66.52 TWD
4.81 TWD
5.99 TWD
Jan 1, 2012
80.72 TWD
7.36 TWD
7.7 TWD
Jan 1, 2013
84.08 TWD
8.83 TWD
9.66 TWD
Jan 1, 2014
90.45 TWD
8.84 TWD
11.13 TWD
Jan 1, 2015
93.33 TWD
9.38 TWD
10.1 TWD
Jan 1, 2016
76.11 TWD
5.11 TWD
6.38 TWD
Jan 1, 2017
74.67 TWD
3.43 TWD
2.66 TWD
Jan 1, 2018
86.07 TWD
4.5 TWD
5.69 TWD
Jan 1, 2019
94.03 TWD
5.7 TWD
8.33 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

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

Merida Industry Co annual returns

Details

Annual Return

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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 was Merida Industry Co in 2025 — This indicates how many shares 298.984 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
299 M base_Shares
Jan 1, 2006
299 M base_Shares
Jan 1, 2007
299 M base_Shares
Jan 1, 2008
303 M base_Shares
Jan 1, 2009
303 M base_Shares
Jan 1, 2010
302 M base_Shares
Jan 1, 2011
303 M base_Shares
Jan 1, 2012
302 M base_Shares
Jan 1, 2013
301 M base_Shares
Jan 1, 2014
300.9 M base_Shares
Jan 1, 2015
301.02 M base_Shares
Jan 1, 2016
300.91 M base_Shares
Jan 1, 2017
299.93 M base_Shares
Jan 1, 2018
300.36 M base_Shares
Jan 1, 2019
300.38 M base_Shares

Merida Industry Co Dividend History

25 years of dividend payments

YearAnnual DividendYoY ChangePayments
20254TWD↓ 33.3%1×
Aug 7, 20254TWD↓ 33.3%1/1
20246TWD↓ 14.3%1×
20237TWD↓ 12.5%1×
20228TWD↑ 14.3%1×
20217TWD↑ 66.7%1×
20204.2TWD↑ 20.0%1×
20193.5TWD↑ 75.0%1×
20182TWD↓ 50.0%1×
20174TWD↓ 27.3%1×
20165.5TWD↓ 19.1%1×

Merida Industry Co dividend history and estimates

In 2025, Merida Industry Co paid a dividend amounting to 4 TWD. Dividend means that Merida Industry Co distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2005
0.6 TWD
0 TWD
Jan 1, 2006
1.7 TWD
0 TWD
Jan 1, 2007
1.8 TWD
0 TWD
Jan 1, 2008
2.8 TWD
0 TWD
Jan 1, 2009
1.74 TWD
0 TWD
Jan 1, 2010
3 TWD
0 TWD
Jan 1, 2011
3.3 TWD
0 TWD
Jan 1, 2012
2.61 TWD
0 TWD
Jan 1, 2013
5.5 TWD
0 TWD
Jan 1, 2014
5.71 TWD
0 TWD
Jan 1, 2015
6.8 TWD
0 TWD
Jan 1, 2016
5.5 TWD
0 TWD
Jan 1, 2017
4 TWD
0 TWD
Jan 1, 2018
2 TWD
0 TWD
Jan 1, 2019
3.5 TWD
0 TWD

Merida Industry Co dividend payout ratio

In 2025, Merida Industry Co had a payout ratio of 58.52%. The payout ratio indicates the percentage of the company's profits that Merida Industry Co distributes as dividends.

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
21.18 %
Jan 1, 2006
50.17 %
Jan 1, 2007
29.13 %
Jan 1, 2008
51.31 %
Jan 1, 2009
38.72 %
Jan 1, 2010
60.01 %
Jan 1, 2011
45.55 %
Jan 1, 2012
32.22 %
Jan 1, 2013
54.17 %
Jan 1, 2014
51.33 %
Jan 1, 2015
67.33 %
Jan 1, 2016
86.24 %
Jan 1, 2017
150.46 %
Jan 1, 2018
35.15 %
Jan 1, 2019
42.01 %
Price targets and forecasts for Merida Industry Co are not yet available.

Merida Industry Co Earnings Estimates

Merida Industry Co Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
7/2/20242.88TWD8.79 BTWD2024 Q4
5/13/20242.24TWD7.27 BTWD2024 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
16.2768%
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)
2.84821%
PGGM Vermogensbeheer B.V.
PGGM Vermogensbeheer B.V.
2.84564%
Netherlands Pension Funds
Netherlands Pension Funds
2.56067%
Tseng (Shang Yuan-a)
Tseng (Shang Yuan-a)
2.44662%
Ting Cheng Investment Company Ltd.
Ting Cheng Investment Company Ltd.
...

Merida Industry Co Executives and Management Board

ST

Mr. Sung-Zhu Tseng

Chairman of the Board · since 1994

ST

Mr. Shang-Yuan Tseng

General Manager, Chief Information Security Officer

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

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.

All fundamentals and in-depth analysis of Merida Industry Co

Our stock analysis for Merida Industry Co Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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