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Merry Electronics Co Ltd
TWSE:2439

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Merry Electronics Co Ltd
TWSE:2439
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Price: 124.5 TWD -1.58% Market Closed
Updated: May 16, 2024

Intrinsic Value

Merry Electronics Co., Ltd. engages in the manufacture and sale of electroacoustics products. [ Read More ]

The intrinsic value of one Merry Electronics Co Ltd stock under the Base Case scenario is 161.86 TWD. Compared to the current market price of 124.5 TWD, Merry Electronics Co Ltd is Undervalued by 23%.

Key Points:
Intrinsic Value
Base Case
161.86 TWD
Undervaluation 23%
Intrinsic Value
Price
M
Worst Case
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Best Case

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Merry Electronics Co Ltd

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Fundamental Analysis

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Merry Electronics Co Ltd

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of Merry Electronics Co Ltd and its key competitors using the latest financial data.

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of Merry Electronics Co Ltd against its competitors.

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(gross, operating, and net) of Merry Electronics Co Ltd compared to its peers.

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trend over the past five years for Merry Electronics Co Ltd.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Merry Electronics Co Ltd

Current Assets 22.5B
Cash & Short-Term Investments 9.6B
Receivables 7.9B
Other Current Assets 5B
Non-Current Assets 11.6B
Long-Term Investments 6.3B
PP&E 4.2B
Intangibles 887.6m
Other Non-Current Assets 261.4m
Current Liabilities 17.5B
Accounts Payable 9.4B
Accrued Liabilities 623.2m
Short-Term Debt 1.2B
Other Current Liabilities 6.2B
Non-Current Liabilities 4.3B
Long-Term Debt 927.9m
Other Non-Current Liabilities 3.4B
Efficiency

Earnings Waterfall
Merry Electronics Co Ltd

Revenue
37.9B TWD
Cost of Revenue
-33B TWD
Gross Profit
4.9B TWD
Operating Expenses
-3.7B TWD
Operating Income
1.2B TWD
Other Expenses
443.4m TWD
Net Income
1.6B TWD

Free Cash Flow Analysis
Merry Electronics Co Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

Profitability Score
Profitability Due Diligence

Merry Electronics Co Ltd's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive 3-Year Average ROE
Positive ROE
Positive Gross Profit
49/100
Profitability
Score

Merry Electronics Co Ltd's profitability score is 49/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Merry Electronics Co Ltd's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

Negative Net Debt
Low D/E
High Interest Coverage
Long-Term Solvency
67/100
Solvency
Score

Merry Electronics Co Ltd's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Merry Electronics Co Ltd

Wall Street analysts forecast Merry Electronics Co Ltd stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Merry Electronics Co Ltd is 95.88 TWD with a low forecast of 85.85 TWD and a high forecast of 108.15 TWD.

Lowest
Price Target
85.85 TWD
31% Downside
Average
Price Target
95.88 TWD
23% Downside
Highest
Price Target
108.15 TWD
13% Downside
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Competitive Landscape

Competitors Analysis
Merry Electronics Co Ltd

Shareholder Return

Price
Merry Electronics Co Ltd

1M 1M
+8%
6M 6M
+16%
1Y 1Y
+43%
3Y 3Y
+36%
5Y 5Y
-9%
10Y 10Y
+15%
Annual Price Range
124.5
52w Low
84.2
52w High
128
Price Metrics
Average Annual Return -11.19%
Standard Deviation of Annual Returns 16.43%
Max Drawdown -56%
Shares Statistics
Market Capitalization 27.4B TWD
Shares Outstanding 219 667 700
Percentage of Shares Shorted
N/A

Return Decomposition
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Company Profile

Merry Electronics Co Ltd

Country

Taiwan

Industry

Consumer products

Market Cap

27.4B TWD

Dividend Yield

0%

Description

Merry Electronics Co., Ltd. engages in the manufacture and sale of electroacoustics products. The company is headquartered in Taichung, Taichung. The company went IPO on 2000-09-11. 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.

Contact

TAICHUNG
TAICHUNG
No.22, 23rd Road, Taichung Industrial Park, Baoshanli, Nantun District
+886423590811
http://www.merry.com.tw

IPO

2000-09-11

Employees

7 395

Officers

CEO, President, Manager & Director
Mr. Chao-Li Huang
President & Director
Mr. Shijie Lin
Vice GM of Finance, CFO & VP of Financial Management Division
Ms. Joyce Lam
Accounting Supervisor
Huxuan Lin
Chief Technology Officer
Mr. Sam Chang
Vice President of Sales
Mr. Chester Chiang
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Vice President
Ms. Jenny Chen
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See Also

Discover More
What is the Intrinsic Value of one Merry Electronics Co Ltd stock?

The intrinsic value of one Merry Electronics Co Ltd stock under the Base Case scenario is 161.86 TWD.

Is Merry Electronics Co Ltd stock undervalued or overvalued?

Compared to the current market price of 124.5 TWD, Merry Electronics Co Ltd is Undervalued by 23%.