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Meiloon Industrial Co., Ltd.

Meiloon Industrial Co., Ltd.

TTWSE:2477
22.20
TWD
-0.50
(-2.20%)
0.80EPS
24.43P/E
3.38BMarket Cap
Meiloon Industrial Co., Ltd.
TWSE:2477
(Taiwan Stock Exchange)

Recent

price

22.20

P/E

ratio

24.43

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
24.71
22.63
25.93
33.92
19.65
21.98
19.35
20.29
21.73
24.4
19.25
18.99
18.83
14.7
16.65
15.76
15.01
Revenue per Share
1.37
-1.46
0.84
5.73
-0.95
1.52
1.86
2
1.08
2.65
1.16
8.27
0.5
0.24
1.5
1.68
0.87
Basic EPS, GAAP
1.2
-1.26
1.06
6.56
0.13
4.63
2.77
3.73
-0.58
2.15
-2.16
-7.29
0.72
-0.32
2.16
1.16
1.25
Free Cash Flow per Basic Share
0.34
1
- -
0.75
3.75
1.25
1.38
- -
1.62
1.07
2
1.45
1.6
0.8
0.5
1.3
- -
Dividend per Share
18.26
16.82
16.3
21.71
17.43
17.51
17.4
19.89
19.4
20.47
19.25
27.25
25.56
24.9
27.58
26.47
25.7
Book Value per Share
17.77
16.76
16.12
21.55
17.31
17.44
17.33
19.8
19.33
20.39
19.14
27.15
25.42
24.8
27.51
26.41
25.64
Tangible Book Value per Share
193
210
206
191
191
191
191
177
159
159
159
198
185
159
159
159
160
Basic Weighted Avg Shares
4,780
4,757
5,333
6,480
3,754
4,200
3,697
3,601
3,445
3,869
3,053
3,764
3,491
2,331
2,639
2,499
2,407
Sales/Revenue/Turnover
2.38
-8.25
2.49
23.12
-5.21
5.13
9.72
11.21
5.04
8.79
4.58
-0.73
-0.89
-7.53
4.88
5.58
4.25
Operating Margin (%)
192
181
148
182
201
190
154
126
123
123
124
113
131
133
143
148
145
Depreciation Expense
265
-307
172
1,094
-181
291
356
355
171
420
183
1,638
93
37
238
267
140
Net Income, GAAP
- -
- -
29.48
- -
- -
20.02
23.94
28.11
31.73
13.62
- -
37.53
67.19
56.27
32.37
21.23
23.51
Effective Tax Rate (%)
5.55
-6.46
3.23
16.89
-4.81
6.92
9.62
9.85
4.96
10.85
6
43.53
2.67
1.6
9.01
10.67
5.81
Profit Margin (%)
1,978
1,290
1,110
3,018
1,758
1,953
2,123
1,827
1,824
2,420
2,188
4,185
3,501
2,860
3,378
3,233
2,804
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
403
1,076
1,013
825
464
609
652
568
LT Debt
3,742
3,405
3,260
4,803
3,651
3,688
3,665
3,466
3,373
3,553
3,347
4,627
4,383
4,288
4,717
4,532
4,390
Total Equity
- -
- -
2.6
- -
- -
4.18
6.91
7.38
2.89
6.63
- -
25.05
-0.06
-1.15
0.51
0.99
0.41
Return on Invested Capital (%)
- -
- -
5.32
- -
- -
7.29
9.18
9.35
4.54
9.95
- -
27.83
1.7
1.05
4.27
4.69
2.84
Return on Capital (%)
7.41
-8.99
5.41
30.14
-4.83
8.7
10.66
10.95
5.49
13.29
5.82
44.44
2.23
0.93
5.72
6.22
3.57
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,558
1,592
2,083
LT Borrowings
652
683
568
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
159
159
159
Market Capitalization
3,766
3,726
3,378

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,445
5,644
5,624
Cash, Cash Equivalents & STI
4,161
4,403
4,412
Accounts Receivable, Net
526
480
449
Inventories
550
600
659
Total Current Liabilities
2,212
2,494
2,820
Payables & Accruals
- -
- -
- -
ST Debt
1,558
1,592
2,083
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.77%
7.37%
-3.93%
Free Cash Flow
-155.21%
-150.32%
-46.26%
Net Income, GAAP
124.86%
237.81%
12.08%
Sales/Revenue/Turnover
-3.7%
-1.86%
-5.34%
Total Cash Common Dividend
- -
11.85%
160%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
429
714
864
632
2,639
2025
523
652
713
610
2,499
2026
506
578
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.57
0.73
0.13
1.5
2025
0.17
0.8
0.61
0.1
1.68
2026
0.11
0.06
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
1.3
2026
- -
- -
- -
- -
- -
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Business
Meiloon Industrial Co., Ltd. is a Taiwan-based company founded in 1973 that specializes in the design, research, development, manufacture, and distribution of a wide range of audio and speaker products. Its core offerings include low pitch, mid-frequency, and high pitch loudspeakers; car speakers; indoor active and passive speakers; professional outdoor acoustic systems; speakers for consumer electronic products; wireless speakers; car amplifiers; home amplifiers; and digital broadcasting systems. The company primarily serves markets in Taiwan, Europe, the United States, and Asia, operating three factories to support its production capacity. It holds international certifications such as ISO 9001, ISO 14001, and IATF 16949, underlining its commitment to quality and environmental standards. Recent major developments include Meiloon's continued expansion in high-end OEM/ODM audio system manufacturing, with a focus on advancing product innovation and quality enhancement to meet global customer demands. In 2024, the company adjusted its business location details and contact information to streamline operations. Additionally, Meiloon has been actively enhancing its product mix and implementing stricter cost control measures to improve profit margins, evidencing strategic operational refinements. The company maintains a strong presence in the American and European markets, with ongoing efforts to capture growth opportunities through product diversification and market expansion. Meiloon operates within the consumer electronics and professional audio industries, targeting automotive manufacturers, consumer electronic brands, and professional audio system users. Headquartered in Taoyuan District, Taiwan, the company has built a reputation as one of the largest speaker design and manufacturing firms in Taiwan, with a workforce of approximately 1,420 employees. It is listed on the Taiwan Stock Exchange under the ticker 2477.TW and continues to leverage its extensive industry experience and manufacturing expertise to serve both domestic and international markets. This comprehensive product portfolio and strategic focus on operational excellence and market expansion underpin Meiloon Industrial Co., Ltd.'s position as a leading player in the global audio equipment industry.