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Merida Industry Co., Ltd.TWSE:9914 Stock Report

Market Cap NT$21.0b
Share Price
NT$70.10
NT$92.2
24.0% undervalued intrinsic discount
1Y-42.5%
7D25.9%
Portfolio Value
View

Merida Industry Co., Ltd.

TWSE:9914 Stock Report

Market Cap: NT$21.0b

Merida Industry (9914) Stock Overview

Manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe. More details

9914 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends3/6

9914 Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Merida Industry Co., Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Merida Industry
Historical stock prices
Current Share PriceNT$70.10
52 Week HighNT$122.50
52 Week LowNT$55.10
Beta0.45
1 Month Change12.52%
3 Month Change-14.62%
1 Year Change-42.54%
3 Year Change-60.28%
5 Year Change-76.94%
Change since IPO126.82%

Recent News & Updates

Recent updates

Analysis Article Apr 01

Is It Time To Consider Buying Merida Industry Co., Ltd. (TWSE:9914)?

Merida Industry Co., Ltd. ( TWSE:9914 ), might not be a large cap stock, but it saw significant share price movement...
Analysis Article Jan 10

A Look At The Fair Value Of Merida Industry Co., Ltd. (TWSE:9914)

Key Insights The projected fair value for Merida Industry is NT$139 based on 2 Stage Free Cash Flow to Equity With...
Analysis Article Dec 19

Is Merida Industry (TWSE:9914) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 13

At NT$161, Is Merida Industry Co., Ltd. (TWSE:9914) Worth Looking At Closely?

Merida Industry Co., Ltd. ( TWSE:9914 ), might not be a large cap stock, but it saw significant share price movement...
Analysis Article Oct 04

The Return Trends At Merida Industry (TWSE:9914) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Aug 20

We Think You Can Look Beyond Merida Industry's (TWSE:9914) Lackluster Earnings

Shareholders appeared unconcerned with Merida Industry Co., Ltd.'s ( TWSE:9914 ) lackluster earnings report last week...
Analysis Article Jul 27

Shareholders Should Be Pleased With Merida Industry Co., Ltd.'s (TWSE:9914) Price

With a price-to-earnings (or "P/E") ratio of 47.1x Merida Industry Co., Ltd. ( TWSE:9914 ) may be sending very bearish...
Analysis Article Jun 28

Merida Industry's (TWSE:9914) Shareholders Will Receive A Smaller Dividend Than Last Year

Merida Industry Co., Ltd. ( TWSE:9914 ) is reducing its dividend from last year's comparable payment to NT$6.00 on the...
Analysis Article Apr 17

There's Been No Shortage Of Growth Recently For Merida Industry's (TWSE:9914) Returns On Capital

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 Apr 02

At NT$208, Is Merida Industry Co., Ltd. (TWSE:9914) Worth Looking At Closely?

Merida Industry Co., Ltd. ( TWSE:9914 ), might not be a large cap stock, but it led the TWSE gainers with a relatively...
Analysis Article Mar 15

Newsflash: Merida Industry Co., Ltd. (TWSE:9914) Analysts Have Been Trimming Their Revenue Forecasts

The latest analyst coverage could presage a bad day for Merida Industry Co., Ltd. ( TWSE:9914 ), with the analysts...
Analysis Article Mar 07

Subdued Growth No Barrier To Merida Industry Co., Ltd. (TWSE:9914) With Shares Advancing 26%

Merida Industry Co., Ltd. ( TWSE:9914 ) shares have had a really impressive month, gaining 26% after a shaky period...
Analysis Article Feb 26

Does Merida Industry Co., Ltd. (TPE:9914) Have A Place In Your Dividend Portfolio?

Could Merida Industry Co., Ltd. ( TPE:9914 ) be an attractive dividend share to own for the long haul? Investors are...
Analysis Article Jan 29

Is Merida Industry (TPE:9914) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Dec 31

We're Watching These Trends At Merida Industry (TPE:9914)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Dec 18

Investors Who Bought Merida Industry (TPE:9914) Shares Three Years Ago Are Now Up 92%

By buying an index fund, investors can approximate the average market return. But if you pick the right individual...
Analysis Article Nov 25

What To Know Before Buying Merida Industry Co., Ltd. (TPE:9914) For Its Dividend

Could Merida Industry Co., Ltd. (TPE:9914) be an attractive dividend share to own for the long haul? Investors are...

Shareholder Returns

9914TW LeisureTW Market
7D25.9%1.6%-0.9%
1Y-42.5%-22.4%88.1%

Return vs Industry: 9914 underperformed the TW Leisure industry which returned -22.4% over the past year.

Return vs Market: 9914 underperformed the TW Market which returned 88.1% over the past year.

Price Volatility

Is 9914's price volatile compared to industry and market?
9914 volatility
9914 Average Weekly Movement5.6%
Leisure Industry Average Movement4.0%
Market Average Movement6.2%
10% most volatile stocks in TW Market12.2%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 9914 has not had significant price volatility in the past 3 months compared to the TW market.

Volatility Over Time: 9914's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1961n/aShang-Yuan Zengwww.merida-bikes.com/en

Merida Industry Co., Ltd., together with its subsidiaries, manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe. The company offers mountain bikes, road bikes, fitness bikes, gravel bikes, trekking bikes, and e-bikes, as well as bikes for youth and kids. It also provides handlebars, stems, grips and bartapes, seatposts and clamps, saddles, pedals, protection and EQ parts, and spare parts; backpacks, bags, brackets, lights, bells, pumps, bottles and cages, tools, and locks; and apparel comprising jerseys, shorts, jackets and vests, helmets, shoes, gloves, socks and shoe covers, and sunglasses.

Merida Industry Co., Ltd. Fundamentals Summary

How do Merida Industry's earnings and revenue compare to its market cap?
9914 fundamental statistics
Market capNT$20.96b
Earnings (TTM)NT$1.20b
Revenue (TTM)NT$26.76b
17.5x
P/E Ratio
0.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9914 income statement (TTM)
RevenueNT$26.76b
Cost of RevenueNT$22.98b
Gross ProfitNT$3.77b
Other ExpensesNT$2.57b
EarningsNT$1.20b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)4.01
Gross Margin14.10%
Net Profit Margin4.49%
Debt/Equity Ratio35.7%

How did 9914 perform over the long term?

See historical performance and comparison

Dividends

4.0%
Current Dividend Yield
70%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 12:42
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

Merida Industry Co., Ltd. is covered by 21 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Qihui LiBarclays
Ronald LeungBofA Global Research
Jihong LaiCapital Securities Corporation