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Updated 3h ago
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Merry Electronics Co., Ltd.TWSE:2439 Stock Report

Market Cap NT$19.9b
Updated 3h ago
Share Price
n/a
1Y-22.9%
7D1.7%
1D0.5%
Portfolio Value
​
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Merry Electronics Co., Ltd.

TWSE:2439 Stock Report

Market Cap: NT$19.9b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Merry Electronics (2439) Stock Overview

Engages in the manufacture, processing, repair, and sale of electric appliances and audiovisual electric products in the United States, Taiwan, Singapore, Europe, the Mainland China, and internationally. More details

2439 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends4/6

Rewards

Trading at 86.5% below our estimate of its fair value

Earnings are forecast to grow 10.02% per year

Analysts in good agreement that stock price will rise by 21.7%

Risk Analysis

Dividend of 5.09% is not well covered by free cash flows


2439 Community Fair Values

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NT$
Current Price
NT$78.608.0% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture064b2016201920222025202620282031Revenue NT$63.6bEarnings NT$1.8b
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Merry Electronics Co., Ltd. Competitors

AmTRAN TechnologyLtd

Symbol: TWSE:2489
Market cap: NT$26.2b

Ability Enterprise

Symbol: TWSE:2374
Market cap: NT$22.7b

Altek

Symbol: TWSE:3059
Market cap: NT$11.7b

Sampo

Symbol: TWSE:1604
Market cap: NT$8.6b

Price History & Performance

Summary of share price highs, lows and changes for Merry Electronics
Historical stock prices
Current Share PriceNT$78.60
52 Week HighNT$116.50
52 Week LowNT$74.40
Beta0.55
1 Month Change-4.73%
3 Month Change-13.72%
1 Year Change-22.94%
3 Year Change-9.03%
5 Year Change-16.20%
Change since IPO613.64%

Recent News & Updates

Recent updates

Analysis Article • Mar 06

Additional Considerations Required While Assessing Merry Electronics' (TWSE:2439) Strong Earnings

Merry Electronics Co., Ltd.'s ( TWSE:2439 ) robust earnings report didn't manage to move the market for its stock. Our...
Analysis Article • Aug 27

Merry Electronics' (TWSE:2439) Shareholders Will Receive A Smaller Dividend Than Last Year

Merry Electronics Co., Ltd. ( TWSE:2439 ) is reducing its dividend from last year's comparable payment to NT$4.15 on...
Analysis Article • Aug 12

Merry Electronics (TWSE:2439) Has Announced That It Will Be Increasing Its Dividend To NT$4.70

Merry Electronics Co., Ltd. ( TWSE:2439 ) has announced that it will be increasing its dividend from last year's...
Analysis Article • Aug 03

We Think That There Are Issues Underlying Merry Electronics' (TWSE:2439) Earnings

Last week's profit announcement from Merry Electronics Co., Ltd. ( TWSE:2439 ) was underwhelming for investors, despite...
Analysis Article • Jul 29

Merry Electronics (TWSE:2439) Is Increasing Its Dividend To NT$4.70

The board of Merry Electronics Co., Ltd. ( TWSE:2439 ) has announced that it will be paying its dividend of NT$4.70 on...
Analysis Article • Apr 17

Is Merry Electronics (TWSE:2439) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Apr 25

Are Investors Undervaluing Merry Electronics Co., Ltd. (TPE:2439) By 25%?

In this article we are going to estimate the intrinsic value of Merry Electronics Co., Ltd. ( TPE:2439 ) by taking the...
Analysis Article • Apr 12

Does Merry Electronics (TPE:2439) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 17

Merry Electronics (TPE:2439) Has Gifted Shareholders With A Fantastic 219% Total Return On Their Investment

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Analysis Article • Mar 04

Key Things To Consider Before Buying Merry Electronics Co., Ltd. (TPE:2439) For Its Dividend

Could Merry Electronics Co., Ltd. ( TPE:2439 ) be an attractive dividend share to own for the long haul? Investors are...
Analysis Article • Feb 19

Why Merry Electronics Co., Ltd. (TPE:2439) Could Be Worth Watching

Merry Electronics Co., Ltd. ( TPE:2439 ), might not be a large cap stock, but it saw significant share price movement...
Analysis Article • Feb 06

The Trends At Merry Electronics (TPE:2439) That You Should Know About

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Jan 24

Is There An Opportunity With Merry Electronics Co., Ltd.'s (TPE:2439) 38% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Merry Electronics Co., Ltd. ( TPE:2439 ) by...
Analysis Article • Jan 10

Does Merry Electronics (TPE:2439) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Dec 28

Merry Electronics Co., Ltd.'s (TPE:2439) Stock Has Fared Decently: Is the Market Following Strong Financials?

Merry Electronics' (TPE:2439) stock is up by 5.0% over the past month. Since the market usually pay for a company’s...
Analysis Article • Dec 15

Merry Electronics (TPE:2439) Has Gifted Shareholders With A Fantastic 220% Total Return On Their Investment

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

Shareholder Returns

2439TW Consumer DurablesTW Market
7D1.7%1.9%2.6%
1Y-22.9%-13.3%82.9%

Return vs Industry: 2439 underperformed the TW Consumer Durables industry which returned -13.3% over the past year.

Return vs Market: 2439 underperformed the TW Market which returned 82.9% over the past year.

Price Volatility

Is 2439's price volatile compared to industry and market?
2439 volatility
2439 Average Weekly Movement3.3%
Consumer Durables Industry Average Movement4.2%
Market Average Movement5.7%
10% most volatile stocks in TW Market11.1%
10% least volatile stocks in TW Market2.4%

Stable Share Price: 2439 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 2439's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1975n/aChao-Li Huangwww.merry.com.tw

Merry Electronics Co., Ltd. engages in the manufacture, processing, repair, and sale of electric appliances and audiovisual electric products in the United States, Taiwan, Singapore, Europe, the Mainland China, and internationally. It provides telecommunication equipment and apparatus, computers and computing peripheral equipment, restrained telecom radio frequency equipment, medical appliances, and electronic parts and components. The company offers microphones, receivers, earphones, speakers and speaker monomers, and sound equipment; power amplifiers, charging boxes, power storage systems, battery pack for LEV and medical industry, and mobile power supply products; hearing aids and devices and acoustics equipment; medical devices; cables, connectors, and electronic components; security systems; induction cookers; plastic hardware products; and barometric pressure sensors.

Merry Electronics Co., Ltd. Fundamentals Summary

How do Merry Electronics's earnings and revenue compare to its market cap?
2439 fundamental statistics
Market capNT$19.94b
Earnings (TTM)NT$1.36b
Revenue (TTM)NT$48.71b
14.6x
P/E Ratio
0.4x
P/S Ratio

Is 2439 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2439 income statement (TTM)
RevenueNT$48.71b
Cost of RevenueNT$43.06b
Gross ProfitNT$5.66b
Other ExpensesNT$4.29b
EarningsNT$1.36b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)5.37
Gross Margin11.61%
Net Profit Margin2.80%
Debt/Equity Ratio26.8%

How did 2439 perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
73%
Payout Ratio

Does 2439 pay a reliable dividends?

See 2439 dividend history and benchmarks
When do you need to buy 2439 by to receive an upcoming dividend?
Merry Electronics dividend dates
Ex Dividend DateAug 27 2026
Dividend Pay DateSep 23 2026
Days until Ex dividend26 days
Days until Dividend pay date1 day

Does 2439 pay a reliable dividends?

See 2439 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 20:14
End of Day Share Price 2026/09/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Merry Electronics Co., Ltd. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chia Yi ChenBofA Global Research
Yiho LiuCapital Securities Corporation
Changrong ChenCapital Securities Corporation

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