Merida Industry Co., Ltd. AI Stock Analysis
Merida Industry Co., Ltd. (9914) AI Stock Analysis
Merida Industry Co., Ltd.
(TWSE:9914)
The overall score of 54 reflects a company with significant operational challenges but some financial buffers. The most significant negative factor is the weak income statement and persistent technical downtrend, which signal ongoing earnings instability and negative market sentiment. The primary strengths are the robust free cash flow and a high dividend yield of 4.42%, which provide a margin of safety and income for investors. The balance sheet is stable, but the low return on equity highlights the core profitability problem.
Merida Industry Co., Ltd. (9914) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 18.12B
- Dividend Yield
- 4.61%
- Average Volume (3M)
- 2.02M
- Price to Earnings (P/E)
- 17.6
- Beta (1Y)
- -0.05
- Revenue Growth
- -15.94%
- EPS Growth
- ―
- Country
- TW
- Employees
- 703
- Sector
- General
- Sector Strength
- 55
- Industry
- Leisure
Merida Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Merida Industry Co., Ltd. is a global manufacturer and retailer specializing in bicycles and their components, operating across Taiwan, mainland China, Hong Kong, and Europe. The company's diverse bicycle lineup encompasses traditional models, electr...
Merida Industry Co., Ltd. Financial Statement Overview
Summary
Financial performance is mixed. The income statement is weak with declining revenue and volatile, low-margin profitability (Score: 35). However, this is offset by a solid, low-leverage balance sheet (Score: 65) and strong, improving free cash flow generation (Score: 70). The overall financial health is strained on earnings but supported by cash flow and a conservative capital structure.
Income Statement
35NegativeBalance Sheet
65PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.45B | 26.76B | 29.63B | 27.26B | 37.00B | 29.39B |
| Gross Profit | 3.83B | 3.96B | 5.38B | 5.11B | 6.39B | 4.09B |
| EBITDA | 1.72B | 1.95B | -177.29M | 4.00B | 4.91B | 6.54B |
| Net Income | 1.03B | 1.20B | -699.10M | 1.69B | 3.39B | 4.65B |
Balance Sheet | ||||||
| Total Assets | 35.77B | 35.20B | 37.58B | 38.16B | 42.55B | 35.51B |
| Cash, Cash Equivalents and Short-Term Investments | 5.03B | 4.16B | 3.96B | 3.78B | 5.93B | 4.33B |
| Total Debt | 5.98B | 7.17B | 8.05B | 7.61B | 6.53B | 4.00B |
| Total Liabilities | 15.81B | 15.38B | 17.30B | 16.59B | 21.06B | 16.94B |
| Stockholders Equity | 19.51B | 19.39B | 19.30B | 20.52B | 20.58B | 17.76B |
Cash Flow | ||||||
| Free Cash Flow | 2.81B | 2.35B | 2.12B | -381.71M | 1.59B | 633.63M |
| Operating Cash Flow | 2.89B | 2.44B | 2.24B | -262.19M | 1.73B | 787.70M |
| Investing Cash Flow | -184.09M | -295.50M | -328.06M | -603.38M | -102.35M | -152.63M |
| Financing Cash Flow | -1.87B | -2.22B | -1.78B | -1.08B | 11.87M | -782.23M |
Merida Industry Co., Ltd. Peers Comparison
Overall Rating
TW:660570Outperform
TW:614669Neutral
TW:224759Neutral- TW:991454Neutral
TW:210648.2Neutral
TW:803341Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6605 | 70Outperform | TWD 22.22B | 7.83 | ― | 4.91% | 0.52% | 23.32% |
| TW:6146 | 69Neutral | TWD 17.98B | 14.62 | ― | 10.00% | 7.50% | 10.61% |
| TW:2247 | 59Neutral | TWD 17.07B | 14.91 | ― | 6.90% | -17.17% | -31.53% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:9914 | 54Neutral | TWD 18.24B | 17.64 | ― | 4.61% | -15.94% | ― |
| TW:2106 | 48Neutral | TWD 14.32B | 46.32 | ― | 4.36% | 4.27% | 15.53% |
| TW:8033 | 41Neutral | TWD 23.54B | 431.82 | ― | ― | 14.04% | -65.02% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:9914 | Merida Industry Co., Ltd. | 60.70 | -31.00 | -33.81% | |
| TW:2106 | Kenda Rubber Industrial Co., Ltd | 14.90 | -5.58 | -27.23% | |
| TW:2247 | Pan German Universal Motors Ltd. | 210.00 | -60.62 | -22.40% | |
| TW:6146 | Sporton International Inc. | 175.00 | 23.70 | 15.67% | |
| TW:6605 | Depo Auto Parts Industrial Co. Ltd. | 132.50 | -1.66 | -1.24% | |
| TW:8033 | Thunder Tiger Corp. | 142.50 | 24.62 | 20.88% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 10, 2026