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Merry Electronics Co., Ltd.

Merry Electronics Co., Ltd.

TTWSE:2439
79.40
TWD
-2.20
(-2.70%)
22.43BMarket Cap
Oct 29Next Earn
Merry Electronics Co., Ltd.
TWSE:2439
(Taiwan Stock Exchange)

Recent

price

79.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
43.65
42.01
41.19
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
- -
Revenue per Share
3.22
1.69
2.58
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
- -
Basic EPS, GAAP
0.32
-0.07
0.84
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
Free Cash Flow per Basic Share
2.76
3.17
1.28
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
- -
Dividend per Share
23.47
23.29
23.86
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
Book Value per Share
22.01
22.29
22.94
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
Tangible Book Value per Share
187
187
187
174
187
186
185
193
199
206
208
210
215
214
232
249
249
Basic Weighted Avg Shares
8,147
7,843
7,690
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
- -
Sales/Revenue/Turnover
9.6
2.99
5.65
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
- -
Operating Margin (%)
282
273
262
300
316
357
308
197
296
412
610
726
764
824
816
772
- -
Depreciation Expense
601
315
482
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
- -
Net Income, GAAP
18.68
17.29
18.61
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
- -
Effective Tax Rate (%)
7.38
4.02
6.27
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
- -
Profit Margin (%)
2,399
1,958
2,017
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
Working Capital
- -
- -
- -
- -
- -
1,457
1,477
- -
2,883
2,381
922
4,380
3,999
1,003
3,099
2,925
2,940
LT Debt
4,432
4,361
4,464
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
Total Equity
11.9
3.46
6.82
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 Invested Capital (%)
11.62
6.67
10.02
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 Capital (%)
13.55
7.19
10.95
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.