- TWD18.98bn
- TWD17.88bn
- TWD46.49bn
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 13.68 | ||
| PEG Ratio (f) | 0.82 | ||
| EPS Growth (f) | 19.95% | ||
| Dividend Yield (f) | 7.98% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 1.13 | ||
| Price to Tang. Book | 1.18 | ||
| Price to Free Cashflow | n/a | ||
| Price to Sales | 0.39 | ||
| EV to EBITDA | 8.33 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 5.52% | ||
| Return on Equity | 8.46% | ||
| Operating Margin | 2.72% | ||
Financial Summary
| Year End 31st Dec | Unit | 2021 | 2022 | 2023 | 2024 | 2025 | 2026E | 2027E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | TWDm | 36,182.72 | 35,398.69 | 36,690.38 | 43,855.35 | 46,491.04 | 49,429.75 | 53,282.75 | 6.18% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | -18.15 | +35.25 | -15.18 | +54.69 | -41.91 | -7.4 | +33.89 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
Merry Electronics Co Ltd is a Taiwan-based company mainly engaged in the production of headphones, audio and speakers. Products include speakers, hands-free handsets, power banks, hearing aids, entertainment headsets, portable speakers and Bluetooth headsets. The products are used in mobile computers, tablet computers, mobile phones, televisions, wearable devices, and smart homes. The products are mainly sold to Asia, Europe and the Americas.
Directors
- Lu-Lee Liao CHM
- Chao-Li Huang PRE
- Wen-Chieh Wei VCH
- Joyce Lam CFO
- Sam Chang CTO
- Shu-Chun Lin VPR
- Chester Chiang VPR
- Steven Her VPR
- Jenny Chen DGM
- Kun-Tang Liang DGM
- Keng-Pin Liao DRC
- Shih-Chieh Lin DRC
- Jih-Hsin Sher IND
- Hui-Huang Wu IND
- Gordon Yi IND
- Last Annual
- December 31st, 2025
- Last Interim
- June 30th, 2026
- Incorporated
- December 24th, 1975
- Public Since
- September 11th, 2000
- No. of Shareholders
- 65,764
- No. of Employees
- 7,395
- Sector
- Computers, Phones & Household Electronics
- Industry
- Technology
- Exchange
Taiwan Stock Exchange
- Shares in Issue
- 243,641,314

- Address
- No.22, TAICHUNG CITY, 408
- Web
- https://www.merry.com.tw
- Phone
- +886 423590811
- Contact
- Chao-Li Huang
- Auditors
- PricewaterhouseCoopers LLP
Latest News for 2439
Upcoming Events for 2439
August 2026 Merry Electronics Co Ltd Corporate Sales Release
September 2026 Merry Electronics Co Ltd Corporate Sales Release
Q3 2026 Merry Electronics Co Ltd Earnings Release
October 2026 Merry Electronics Co Ltd Corporate Sales Release
November 2026 Merry Electronics Co Ltd Corporate Sales Release
December 2026 Merry Electronics Co Ltd Corporate Sales Release
January 2027 Merry Electronics Co Ltd Corporate Sales Release
Q4 2026 Merry Electronics Co Ltd Earnings Release
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FAQ
As of Today at 04:03 UTC, shares in Merry Electronics are trading at TWD77.90. This share price information is delayed by 15 minutes.
Shares in Merry Electronics last closed at TWD77.90 and the price had moved by -24% over the past 365 days. In terms of relative price strength the Merry Electronics share price has underperformed the FTSE Developed Asia Pacific Index by -51.49% over the past year.
The overall consensus recommendation for Merry Electronics is Buy. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreThe Merry Electronics dividend yield is 5.24% based on the trailing twelve month period.
Last year, Merry Electronics paid a total dividend of TWD4.08, and it currently has a trailing dividend yield of 5.24%.Looking ahead, the next dividend pay date is 2026-09-23.
We do not have data on when Merry Electronics is to next pay dividends. The historic dividend yield on Merry Electronics shares is currently 5.24%.
To buy shares in Merry Electronics you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of TWD77.90, shares in Merry Electronics had a market capitalisation of TWD18.98bn.
Here are the trading details for Merry Electronics:
- Country of listing: Taiwan
- Exchange: TAI
- Ticker Symbol: 2439
Based on an overall assessment of its quality, value and momentum Merry Electronics is currently classified as a Contrarian. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in Merry Electronics is TWD80.00. That is 2.7% above the last closing price of TWD77.90.
Analysts covering Merry Electronics currently have a consensus Earnings Per Share (EPS) forecast of TWD4.63 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Merry Electronics. Over the past six months, its share price has underperformed the FTSE Developed Asia Pacific Index by -23.85%.
As of the last closing price of TWD77.90, shares in Merry Electronics were trading -14.83% below their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The Merry Electronics PE ratio based on its reported earnings over the past 12 months is 13.68. The shares last closed at TWD77.90.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Merry Electronics' management team is headed by:
- Lu-Lee Liao - CHM
- Chao-Li Huang - PRE
- Wen-Chieh Wei - VCH
- Joyce Lam - CFO
- Sam Chang - CTO
- Shu-Chun Lin - VPR
- Chester Chiang - VPR
- Steven Her - VPR
- Jenny Chen - DGM
- Kun-Tang Liang - DGM
- Keng-Pin Liao - DRC
- Shih-Chieh Lin - DRC
- Jih-Hsin Sher - IND
- Hui-Huang Wu - IND
- Gordon Yi - IND





