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Merry Electronics

TAI:2439 · TW0002439007
Household DurablesSmall

360

31
EV / EBIT54
Price / Owner Earnings5
Owner Earnings Yield40
Dividend Yield1
Price/Sales72
EV / Gross Profit44
Price/Book51
Return on Capital52
Cash Return on Capital37
Return on Equity67
EBIT Margin23
Gross Profitability32
Cash Conversion15
Accruals10
Owner Earnings Margin32
Sales growth88
Profit Growth30
Long-Term EPS Growth33
Owner Earnings Growth12
Reinvestment5
Price momentum27
Debt load67
Refinancing52
Debt Payback100
Liquidity55
Analyst ratings55
Opinion Changes81
Price Target Upside27
Market mood12
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Merry Electronics clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryHousehold Durables
SizeSmall
TypePublic Company
ExchangeTWSE
Founded1975
Employees350
Websitemerry.com.tw
ISINTW0002439007
Last UpdateApr 2, 2026
Index & Theme
Energy StorageSensorsWearablesInjection MoldingDetectors, Sensors and MemsAssistive TechnologyConsumer ElectronicsElectronicsMusical Instruments

Description

Merry Electronics Co., Ltd. engages in the manufacture, processing, repair, and sale of electric appliances, audiovisual electric products, telecommunication equipment and apparatus, computers and computing peripheral equipment, restrained telecom ra…

Analysis

Weak and unloved

Merry Electronics Co., Ltd. is weak and unloved: below-average business metrics and a price that reflects that disappointment.

The price is expensive. You pay 43.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 10/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
37
2023202420252026

All-time high

87

Jan 2025

All-time low

14

Jan 2024

Average rank

42

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
72
73
68
78
Price/Earnings
54
71
37
53
Price/Book
51
49
41
71
Dividend Yield
1
71
71
58
Value (overall)
37
67
65
39

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
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