1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Electronic equipment/Instruments
Merry Electronics Co., Ltd.

Merry Electronics Co., Ltd.

TTWSE:2439
79.40
TWD
-2.20
(-2.70%)
22.43BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
64.7
65.81
65.73
91.64
138.22
178.36
176.97
165.73
172.46
164.79
171.15
189.41
186.37
- -
Basic EPS, GAAP
5.92
6.65
3.44
10.88
18.77
10.37
12.39
6.36
5.38
6.78
6.16
9.26
5.36
- -
Free Cash Flow per Basic Share
7.87
2.77
1.34
14.81
6.66
4.73
17.36
-23.24
6.35
18.89
7.84
5.2
-1.15
-2.64
Dividend per Share
1.91
3.48
4.77
3.2
9
15.8
8.52
7.74
5.09
4.03
4.58
4.45
7.42
- -
Book Value per Share
28.55
32.33
31.36
37.57
68.33
49.27
60.93
55.71
53.4
56.1
57.29
71.08
69.14
67.51
Tangible Book Value per Share
27.51
31.28
30.09
35.94
66.69
41.57
53.79
49
47.07
51.06
53.15
68.01
66.25
64.43
Basic Weighted Avg Shares
174
187
186
185
193
199
206
208
210
215
214
232
249
249
Sales/Revenue/Turnover
11,258
12,316
12,240
16,939
26,679
35,495
36,398
34,445
36,183
35,399
36,690
43,855
46,491
- -
Operating Margin (%)
11.62
11.68
6.96
9.76
9.64
6.49
6.2
3.31
3.06
3
3.09
4.31
3.18
- -
Depreciation Expense
300
316
357
308
197
296
412
610
726
764
824
816
772
- -
Net Income, GAAP
1,031
1,244
641
2,011
3,622
2,064
2,549
1,322
1,128
1,455
1,320
2,143
1,337
- -
Effective Tax Rate (%)
19.2
18.01
18.21
18.59
14.92
24.41
22.03
22.51
18.4
20.89
24.8
22.55
14.8
- -
Profit Margin (%)
9.16
10.1
5.24
11.87
13.58
5.82
7
3.84
3.12
4.11
3.6
4.89
2.88
- -
Working Capital
2,793
2,975
3,634
4,150
5,121
5,463
6,130
2,519
6,311
7,799
4,865
12,805
11,217
10,725
LT Debt
- -
- -
1,457
1,477
- -
2,883
2,381
922
4,380
3,999
1,003
3,099
2,925
2,940
Total Equity
5,353
6,099
5,810
6,945
13,704
10,079
12,998
12,271
12,155
13,056
13,482
19,193
19,088
18,601
Return on Invested Capital (%)
19.78
19.43
10.06
16.23
17.26
10.15
10.22
5.04
4.53
3.5
4.33
6.74
4.96
- -
Return on Capital (%)
19.81
20.59
9.43
25.12
29.54
12.53
15.67
7.95
5.29
6.85
6.71
9.15
3.93
- -
Return on Common Equity (%)
21.04
21.84
10.83
31.57
35.08
17.47
22.39
10.75
9.65
12.19
10.61
13.99
7.52
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,449
1,466
2,042
LT Borrowings
2,925
2,926
2,940
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
254
252
249
Market Capitalization
24,799
21,057
22,428

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
31,548
27,895
27,553
Cash, Cash Equivalents & STI
10,887
9,057
7,896
Accounts Receivable, Net
13,390
10,986
10,861
Inventories
6,706
7,021
7,795
Total Current Liabilities
20,331
17,155
16,828
Payables & Accruals
- -
- -
- -
ST Debt
4,449
1,466
2,042
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.53%
10.31%
-0.55%
Free Cash Flow
82.39%
-26.77%
-123.79%
Net Income, GAAP
25.58%
5.95%
-37.64%
Sales/Revenue/Turnover
15.82%
6.41%
6.01%
Total Cash Common Dividend
23.39%
9.07%
79.5%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,353
10,294
12,856
12,352
43,855
2025
8,858
10,327
- -
14,184
46,491
2026
10,971
10,438
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.7
2.24
2.59
2.65
9.26
2025
1.42
0.01
- -
1.59
5.36
2026
1.03
0.5
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.45
2025
- -
- -
- -
- -
7.42
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chao-Li Huang
Full Time Employees
12,729
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Taichung Industrial Park Taichung TX Taiwan 408213
IPO Date
Sep 11, 2000
Website
merry.com.tw
Similar Companies
Advantest Corp. (TSE:6857)
Unusual Machines, Inc. (AMEX:UMAC)
FuelCell Energy, Inc. (NASDAQ:FCEL)
Lasertec Corp. (TSE:6920)
Hitachi Energy India Limited (NSE:POWERINDIA)
Keysight Technologies Inc. (NYSE:KEYS)
Business
Merry Electronics Co., Ltd. Merry Electronics Co., Ltd. manufactures electroacoustic products, including earphones, headsets, speakers, microphones, batteries, and assistive listening devices (ALD); receivers, sound equipment, and speaker monomers; power amplifiers, charging boxes, and mobile power supplies; hearing aids, acoustics equipment, and medical devices; cables, connectors, and electronic components; security systems; induction cookers; and plastic hardware products. The company engages in research, development, and sale of hearing aid software; plastic injection molding and metal stamping; international trade and consulting; and electric wire and cable processing, serving mobile communication, multimedia and entertainment, medical and healthcare, smart homes, and accessories sectors. Founded in 1975 and headquartered in Taichung, Taiwan, Merry Electronics operates globally with facilities in the United States, Europe, China, Hong Kong, Singapore, Thailand, Vietnam, and Malaysia. In March 2025, Merry Electronics agreed to acquire 100% of Japanese manufacturer MWT Holdings Co., Ltd. from unrelated parties including J-STAR No. 3 SS, LP, to strengthen its position in the electroacoustic component market.