Merida Industry Future Growth

Future criteria checks 3/6

Merida Industry is forecast to grow earnings and revenue by 27.4% and 8.5% per annum respectively. EPS is expected to grow by 27.2% per annum. Return on equity is forecast to be 16.6% in 3 years.

Key information

27.4%

Earnings growth rate

27.2%

EPS growth rate

Leisure earnings growth	18.0%
Revenue growth rate	8.5%
Future return on equity	16.6%
Analyst coverage	Good
Last updated	29 Apr 2024

Recent future growth updates

Recent updates

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

Apr 17

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

Apr 02

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

Mar 15

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

Mar 07

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

Feb 26

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

Jan 29

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

Dec 31

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

Dec 18

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

Nov 25

Earnings and Revenue Growth Forecasts

TWSE:9914 - Analysts future estimates and past financials data (TWD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	34,045	3,838	N/A	N/A	3
12/31/2025	33,031	3,486	2,184	3,231	10
12/31/2024	29,108	2,736	2,328	5,652	9
12/31/2023	27,261	1,692	-390	-262	N/A
9/30/2023	33,145	2,300	-1,570	-1,457	N/A
6/30/2023	35,885	2,466	-3,131	-3,024	N/A
3/31/2023	37,234	2,747	-2,393	-2,289	N/A
12/31/2022	37,003	3,389	1,590	1,730	N/A
9/30/2022	32,964	4,474	1,458	1,618	N/A
6/30/2022	31,045	4,767	1,399	1,562	N/A
3/31/2022	29,530	4,703	1,402	1,579	N/A
12/31/2021	29,391	4,650	634	788	N/A
9/30/2021	29,769	4,338	441	637	N/A
6/30/2021	29,538	4,470	495	787	N/A
3/31/2021	29,834	4,676	2,108	2,498	N/A
12/31/2020	27,072	3,993	1,639	2,112	N/A
9/30/2020	27,462	3,508	1,694	2,307	N/A
6/30/2020	28,009	3,021	910	1,432	N/A
3/31/2020	27,924	2,494	799	1,193	N/A
12/31/2019	28,243	2,502	918	1,210	N/A
9/30/2019	26,849	2,402	901	998	N/A
6/30/2019	26,106	2,205	1,621	1,752	N/A
3/31/2019	25,665	2,181	508	641	N/A
12/31/2018	25,853	1,709	602	736	N/A
9/30/2018	25,668	1,161	1,095	1,264	N/A
6/30/2018	25,182	900	944	1,081	N/A
3/31/2018	23,365	502	418	553	N/A
12/31/2017	22,396	797	160	306	N/A
9/30/2017	22,139	1,381	N/A	536	N/A
6/30/2017	21,865	1,475	N/A	321	N/A
3/31/2017	22,238	1,764	N/A	1,042	N/A
12/31/2016	22,901	1,919	N/A	1,713	N/A
9/30/2016	23,760	2,028	N/A	1,493	N/A
6/30/2016	25,938	2,643	N/A	1,987	N/A
3/31/2016	27,354	2,794	N/A	1,956	N/A
12/31/2015	28,094	3,040	N/A	1,935	N/A
9/30/2015	28,791	3,330	N/A	2,411	N/A
6/30/2015	28,017	3,213	N/A	2,167	N/A
3/31/2015	27,744	3,328	N/A	2,972	N/A
12/31/2014	27,217	3,350	N/A	3,253	N/A
9/30/2014	26,739	3,073	N/A	2,494	N/A
6/30/2014	26,711	2,910	N/A	2,635	N/A
3/31/2014	25,701	2,953	N/A	2,399	N/A
12/31/2013	25,309	2,907	N/A	2,710	N/A
9/30/2013	25,396	3,033	N/A	2,795	N/A
6/30/2013	25,300	2,893	N/A	2,788	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9914's forecast earnings growth (27.4% per year) is above the savings rate (1%).

Earnings vs Market: 9914's earnings (27.4% per year) are forecast to grow faster than the TW market (19.7% per year).

High Growth Earnings: 9914's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9914's revenue (8.5% per year) is forecast to grow slower than the TW market (10.5% per year).

High Growth Revenue: 9914's revenue (8.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9914's Return on Equity is forecast to be low in 3 years time (16.6%).

Merida Industry Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 18%

Price target increased by 7.2% to NT$215

Consensus revenue estimates increase by 10%

Consensus revenue estimates fall by 14%

Price target decreased by 7.1% to NT$182

Consensus forecasts updated

Recent updates

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

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

Full year 2023 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates fall by 18%

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

Merida Industry Co., Ltd., Annual General Meeting, Jun 26, 2024

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

Price target increased by 7.2% to NT$215

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of NT$7.00 per share at 3.3% yield

Merida Industry Co., Ltd. Announces Cash Dividend Distribution, Payable on September 6, 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates increase by 10%

Consensus revenue estimates fall by 14%

Price target decreased by 7.1% to NT$182

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

Second quarter 2022 earnings: EPS misses analyst expectations

Consensus forecasts updated

Upcoming dividend of NT$8.00 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Merida Industry Co., Ltd. Appoints Zeng, Shang-Yuan as Chief Information Security Officer

Price target decreased to NT$327

Merida Industry Co., Ltd., Annual General Meeting, Jun 23, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: EPS NT$4.07 (vs NT$4.51 in 3Q 2020)

Financial Officer Hsueh-Liang Tsai has left the company

Second quarter 2021 earnings released: EPS NT$2.97 (vs NT$3.66 in 2Q 2020)

Director Li-Qing Qiu has left the company

Independent Director Wen-Jing Zhuang has left the company

Independent Director Zong-Ying Li has left the company

Upcoming dividend of NT$7.00 per share

First quarter 2021 earnings released: EPS NT$3.86 (vs NT$1.57 in 1Q 2020)

Price target increased to NT$364

Full year 2020 earnings released: EPS NT$13.36 (vs NT$8.37 in FY 2019)

Investor sentiment improved over the past week

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

New 90-day high: NT$303

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

New 90-day high: NT$286

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

New 90-day low: NT$227

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

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

Third quarter 2020 earnings released: EPS NT$4.51

Earnings beat expectations, revenue disappoints

New 90-day high: NT$284

Analysts increase EPS estimates to NT$10.56

First half earnings released

Upcoming Dividend of NT$4.20 Per Share

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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