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Mercuries & Associates Holding, Ltd. (2905.TW)

TWD15.60 +0.30 (+1.96%)
TW TAI Financial Services Insurance - Life
Address No. 145, Jianguo North Road
Taipei, TW
CEO Shiang-Li Chen
IPO 2000-01-04
ISIN TW0002905007

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Description

Mercuries & Associates Holding, Ltd. operates as an investment holding company with diverse business interests spanning life insurance, retail of everyday commodities and food, pharmaceuticals, and information technology services. Its insurance division provides a comprehensive suite of products, encompassing various life coverage options (lifetime, whole life, variable), health policies (hospitalization, medical, cancer, long-term care, disability), and accident protection (personal, travel, group). Additionally, it offers annuity plans (immediate, deferred, variable) and foreign currency pension products. The retail segment is involved in the procurement and sale of a broad spectrum of goods, ranging from everyday necessities, groceries, alcoholic beverages, and tobacco to fresh produce, medical supplies, infant products, cosmetics, and beauty items. This division also markets branded footwear, apparel, and accessories, alongside operating fast-food establishments serving items like noodles, rice dishes, fried pork chops, Japanese bento sets, and pizzas. Furthermore, it handles the sale and interior decoration of home furnishings, including furniture, cabinets, kitchen equipment, and mattresses. Within its pharmaceutical operations, Mercuries & Associates Holding manufactures active pharmaceutical ingredients (APIs) such as valproic acid and allopurinol. It also produces API intermediates, including diethyl dipropyl malonate and PENT-2 ethyl 2-allyl-2-cyano-3-methylhexanoate, along with specialty chemicals like diethyl ketone. Moreover, the company delivers information technology services, specializing in the planning, development, and implementation of software and hardware solutions for financial systems and public utilities, complemented by ongoing maintenance support. Founded in Taipei, Taiwan, in 1965, the company officially changed its name from Mercuries & Associates, Ltd. to Mercuries & Associates Holding, Ltd. in January 2015.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD15.60 +0.30 (+1.96%)
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Volume Profile
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Liquidity & share structure
Average Volume
751.1K
Beta
0.32
Float Shares
620.65M
Free Float %
58.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.38% -0.75% -8.28% -16.61% -9.52% -16.09% +4.31% -11.39% -37.03% -0.82% +10.83%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.60
DCF (Unlevered) 398.85 +2,456.7%

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.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.19
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Life: +10.6%
    -4.4% Q1'26: -53.4% (vs Q1'25)
  • EPS growth Insurance - Life: +13.4%
    -50.4% Q1'26: -74.0% (vs Q1'25)
  • FCF margin FCF growth · Insurance - Life: +31.7%
    -4.9% Q1'26: -29.7% (vs Q1'25)
  • EBIT margin Insurance - Life: +12.4%
    +1.0% Q1'26: +0.1% (vs Q1'25)
  • ROIC Insurance - Life: +1.0%
    +3.0% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Insurance - Life: +0.4%
    -0.7% Q1'26: -2.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Life: -1.05×
    10.25× Q1'26: 15.41× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.32) × ERP
WACC = 24% × Ke + 76% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 386.81 Current price: 15.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-19 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-18 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-15 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-14 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-13 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-12 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-11 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-08 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-07 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-06 C+ 2/5 1/5 2/5 2/5 2/5 1/5 4/5
2026-05-05 C+ 2/5 1/5 2/5 2/5 2/5 1/5 5/5
2026-05-04 C+ 2/5 1/5 2/5 2/5 2/5 1/5 5/5
2026-04-30 C+ 2/5 1/5 2/5 3/5 2/5 1/5 4/5
2026-04-29 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-28 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-27 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-24 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-23 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-22 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-21 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-20 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-17 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-16 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
11.18B
OE per share TTM
10.63
Owner's Yield
80.14%
Maintenance CapEx ratio
840.35%
Maint CapEx / Avg PPE
13.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 23 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.03% 189.0K 0.65%
2 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.01% 13.0K 0.42%
3 Dimensional - Emerging Markets Value ETF DFEV 0.01% 138.4K 0.46%
4 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.00% 15.5K 0.56%
5 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 588.0K 0.06%
6 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 320.0K 0.39%
7 Avantis Emerging Markets ex-China Equity ETF AVXC 0.00% 11.1K 0.33%
8 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 184.7K 0.28%
9 Avantis Emerging Markets Equity ETF AVEM 0.00% 365.7K 0.33%
10 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 43.1K 0.26%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
88.6K
Shares Outstanding
1.05B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shiang-Li Chen GM, President & Chairman 10M male
Chin-Hsin Hsu Chief Sustainability Officer & Chief Legal Officer 8M female
Chih-Hua Wang Chief Information Security Officer, Asst GM, Principal Financial Officer & Head of Corporate Gov 8M male
Linxin Xu Legal Affairs Director 8M
Zhi Hua Wang Vice President of Corporation Service Department and Treasurer 7M
Te-Kai Chin Assistant GM, Principal Accounting Officer & Vice President of Accounting 3M male
Kuang-Lung Chiu President of Home Purchase Division male
Guo Zheng Shen President of Family Portrait Department
Xiang Fen Chen President of Food Business Department
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits