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Merry Electronics Co., Ltd. (2439.TW)
Taichung, TW
Established in Taichung, Taiwan, in 1975, Merry Electronics Co., Ltd. operates globally, specializing in the creation, production, servicing, and distribution of a broad spectrum of electronic and related products. Its diverse range encompasses everything from general electric appliances, audio-visual equipment, and telecommunications devices to computer peripherals, restricted radio frequency equipment, medical instruments, and various electronic parts. The company's specific product lineup features a comprehensive suite of audio solutions, including microphones, receivers, earphones, speakers, and complete sound systems. It also manufactures power solutions such as amplifiers, charging boxes, and portable power supplies, alongside specialized hearing aids, acoustic equipment, and medical rehabilitation devices. Other offerings include essential components like cables, connectors, and electronic parts, as well as security systems, induction cookers, plastic hardware, molds, and antennas. Beyond its core manufacturing, Merry Electronics is actively involved in the research, development, and commercialization of software for hearing aids, plastic injection molding, and metal stamping. The company also handles international and transit trade, offers trading consultancy, and processes electric wires and cables. Its sophisticated products are utilized in mobile communication, multimedia and entertainment, medical and healthcare sectors, smart home environments, and various accessories, serving a wide international clientele spanning the United States, the Netherlands, Denmark, Switzerland, and China, among other markets.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.93% | -1.83% | -0.47% | -13.88% | -23.91% | -12.38% | -30.97% | -0.82% | -13.59% | +34.23% | +963.35% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | -1 |
| Buy | 1 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Consumer Electronics: +7.8%+6.0% Q1'26: +23.8% (vs Q1'25)
-
EPS growth Consumer Electronics: +23.0%-40.0% Q1'26: -27.1% (vs Q1'25)
-
FCF margin FCF growth · Consumer Electronics: +37.3%+0.1% Q1'26: +11.1% (vs Q1'25)
-
EBIT margin Consumer Electronics: +5.7%+3.1% Q1'26: +1.9% (vs Q1'25)
-
ROIC Consumer Electronics: +4.9%+8.0% ★ Q1'26: +5.4% (vs Q1'25)
-
Share dilution Consumer Electronics: +0.0%+30.2% Q1'26: +3.9% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Consumer Electronics: -0.57×3.31× ★ Q1'26: 2.55× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 3 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
12.24B
est: 12.44B (-1.6%)
|
16.94B
est: 16.94B (+0.0%)
|
26.68B
est: 26.67B (+0.0%)
|
35.49B
est: 35.64B (-0.4%)
|
36.40B
est: 36.59B (-0.5%)
|
34.44B
est: 34.45B (0.0%)
|
36.18B
est: 36.18B (+0.0%)
|
35.40B
est: 35.88B (-1.3%)
|
36.69B
est: 39.85B (-7.9%)
|
43.86B
est: 43.53B (+0.8%)
|
46.49B
est: 46.06B (+0.9%)
|
50.66B
49.94B – 51.43B
+10.0% YoY
|
53.96B
52.59B – 55.32B
+6.5% YoY
|
55.43B
54.71B – 56.17B
+2.7% YoY
|
| EBITDA |
1.19B
est: 926.44M (+28.9%)
|
2.72B
est: 1.26B (+115.9%)
|
4.45B
est: 1.99B (+124.1%)
|
2.80B
est: 2.66B (+5.6%)
|
3.08B
est: 2.73B (+12.8%)
|
2.37B
est: 2.57B (-7.5%)
|
2.40B
est: 2.70B (-11.0%)
|
2.91B
est: 2.67B (+8.7%)
|
2.81B
est: 2.80B (+0.3%)
|
3.45B
est: 3.06B (+12.6%)
|
2.23B
est: 3.24B (-31.1%)
|
3.56B
3.51B – 3.62B
+10.0% YoY
|
3.79B
3.70B – 3.89B
+6.5% YoY
|
3.90B
3.85B – 3.95B
+2.7% YoY
|
| EBIT |
852.51M
est: 676.71M (+26.0%)
|
1.65B
est: 921.70M (+79.4%)
|
2.57B
est: 1.45B (+77.3%)
|
2.30B
est: 1.94B (+18.8%)
|
2.66B
est: 1.99B (+33.7%)
|
1.76B
est: 1.87B (-5.9%)
|
1.67B
est: 1.97B (-15.4%)
|
2.15B
est: 1.95B (+10.3%)
|
1.99B
est: 2.01B (-1.2%)
|
2.63B
est: 2.20B (+19.8%)
|
1.46B
est: 2.32B (-37.2%)
|
2.56B
2.52B – 2.59B
+10.0% YoY
|
2.72B
2.65B – 2.79B
+6.5% YoY
|
2.80B
2.76B – 2.83B
+2.7% YoY
|
| Net Income |
641.31M
est: 926.82M (-30.8%)
|
2.01B
est: 2.75B (-27.0%)
|
3.62B
est: 4.17B (-13.1%)
|
2.06B
est: 2.53B (-18.4%)
|
2.55B
est: 3.30B (-22.7%)
|
1.32B
est: 1.78B (-25.6%)
|
1.13B
est: 1.55B (-27.2%)
|
1.46B
est: 1.84B (-21.1%)
|
1.32B
est: 2.76B (-52.1%)
|
2.14B
est: 2.83B (-24.3%)
|
1.34B
est: 1.98B (-32.6%)
|
2.41B
2.19B – 2.63B
+21.5% YoY
|
2.89B
2.60B – 3.18B
+19.9% YoY
|
2.90B
2.86B – 2.96B
+0.5% YoY
|
| SGA |
901.73M
est: 547.46M (+64.7%)
|
1.01B
est: 745.66M (+35.3%)
|
1.17B
est: 1.17B (-0.4%)
|
1.32B
est: 1.57B (-15.9%)
|
1.50B
est: 1.61B (-6.9%)
|
1.47B
est: 1.52B (-2.9%)
|
1.57B
est: 1.59B (-1.4%)
|
1.69B
est: 1.58B (+7.1%)
|
1.64B
est: 1.72B (-4.5%)
|
1.82B
est: 1.88B (-3.4%)
|
1.79B
est: 1.99B (-10.0%)
|
2.19B
2.16B – 2.22B
+10.0% YoY
|
2.33B
2.27B – 2.39B
+6.5% YoY
|
2.39B
2.36B – 2.42B
+2.7% YoY
|
| EPS |
3.46
est: 3.56 (-2.9%)
|
10.93
est: 10.59 (+3.2%)
|
18.85
est: 16.02 (+17.6%)
|
10.42
est: 9.73 (+7.1%)
|
12.45
est: 12.69 (-1.9%)
|
6.36
est: 6.84 (-7.0%)
|
5.40
est: 5.96 (-9.4%)
|
6.81
est: 7.09 (-4.0%)
|
6.27
est: 8.14 (-23.0%)
|
9.26
est: 8.36 (+10.8%)
|
5.36
est: 5.86 (-8.5%)
|
7.27
6.48 – 7.76
+24.1% YoY
|
8.54
7.68 – 9.39
+17.4% YoY
|
8.58
8.43 – 8.73
+0.5% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-12 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 3/5 | 4/5 |
| 2026-04-23 | B+ | 3/5 | 5/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-22 | B+ | 3/5 | 5/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-21 | B+ | 3/5 | 5/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-20 | B+ | 3/5 | 5/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-15 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | MUSQ Global Music Industry Index ETF MUSQ | 0.69% | 172.2K | 0.76% |
| 2 | iShares EM Dividend UCITS ETF IEDY.L | 0.32% | 4.58M | 0.65% |
| 3 | iShares Emerging Markets Dividend ETF DVYE | 0.31% | 3.76M | 0.50% |
| 4 | WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L | 0.15% | 67.5K | 0.54% |
| 5 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.11% | 1.89M | 0.58% |
| 6 | WisdomTree Emerging Markets Equity Income UCITS ETF DEMD.L | 0.10% | 256.1K | 0.46% |
| 7 | WisdomTree Emerging Markets Equity Income UCITS ETF - Acc DEMR.L | 0.10% | 256.1K | 0.46% |
| 8 | WisdomTree Emerging Markets High Dividend Fund DEM | 0.08% | 3.24M | 0.63% |
| 9 | iShares Digital Entertainment and Education UCITS ETF USD PLAY.AS | 0.07% | 49.7K | 0.40% |
| 10 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.06% | 361.0K | 0.55% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Chao-Li Huang | Chief Executive Officer, President, Manager & Director | — | male |
| Chester Chiang | Vice President of Sales | — | male |
| Huxuan Lin | Accounting Supervisor | — | — |
| Jenny Chen | Vice President | — | female |
| Joyce Lam | Vice GM of Finance, Chief Financial Officer & Vice President of Financial Management Division | — | female |
| Kun-Tang Liang | Vice President | — | male |
| Sam Chang | Chief Technology Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 2439.TW
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
