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TPE/9914 (TPE/9914)

Taiwan Stock Exchange: TPE/9914 · TWD

NT$62.4

-1.00 (-1.6%)· Recorded snapshot

Market cap	18.7B
Revenue (ttm)	24.4B
Net income (ttm)	1B
EPS (ttm)	NT$3.43
Shares out	299M
P/E (trailing)	18.2x
P/E (forward)	11.1x
Dividend	NT$2.80 (4.49%)
Volume	988,491
Beta	0.56

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	TWD
Country	Taiwan
Country code	TW
Earnings date	2026-11-13
Employees	703
Enterprise value	TWD 20.1B
Exchange	Taiwan Stock Exchange
Financial currency	TWD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1961
Industry	Leisure
Is primary listing	Yes
ISIN number	TW0009914002
Last earnings date	2025-11-13
Last refreshed	2026-10-28
Last stock split date	2014-08-19
Last stock split type	Forward
Market cap	TWD 18.7B
Next earnings date	2026-11-13
Price	TWD 62.40
Price currency	TWD
Sector	Consumer Discretionary
SIC code	3751
Stock price date	2026-10-28
Symbol	tpe/9914
Website	https://www.merida-bikes.com/en

Metric

Value

Amount currency

TWD

Country

Taiwan

Country code

Earnings date

2026-11-13

Employees

703

Enterprise value

TWD 20.1B

Exchange

Taiwan Stock Exchange

Financial currency

TWD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1961

Industry

Leisure

Is primary listing

Yes

ISIN number

TW0009914002

Last earnings date

2025-11-13

Last refreshed

2026-10-28

Last stock split date

2014-08-19

Last stock split type

Forward

Market cap

TWD 18.7B

Next earnings date

2026-11-13

Price

TWD 62.40

Price currency

TWD

Sector

Consumer Discretionary

SIC code

3751

Stock price date

2026-10-28

Symbol

tpe/9914

Website

https://www.merida-bikes.com/en

Metric	Value
Adjusted P/E ratio	18.19x
Average P/E ratio (10Y)	26.91x
Average P/E ratio (3Y)	30.75x
Average P/E ratio (5Y)	24.46x
Earnings yield	5.5%
EV/Earnings	19.45x
EV/EBIT	19.8x
EV/EBITDA	15.56x
EV/FCF	6.67x
EV/Sales	0.82x
FCF / EV yield	14.99%
FCF yield	16.12%
Forward P/E	11.12x
Graham number	70.97726
Graham upside	13.75%
Industry forward P/E	11.28x
Industry P/E	16.96x
Lynch fair value	TWD 17.16
Lynch upside	-72.5%
P/B ratio	0.93x
P/E ratio	18.18x
P/FCF ratio	6.2x
P/OCF ratio	6.02x
P/S ratio	0.76x
PEG ratio	0.87x
Price / tangible book value	0.96x
Price/EBITDA ratio	11.56x
Sector forward P/E	16.93x
Sector P/E	16.84x

Metric

Value

Adjusted P/E ratio

18.19x

Average P/E ratio (10Y)

26.91x

Average P/E ratio (3Y)

30.75x

Average P/E ratio (5Y)

24.46x

Earnings yield

5.5%

EV/Earnings

19.45x

EV/EBIT

19.8x

EV/EBITDA

15.56x

EV/FCF

6.67x

EV/Sales

0.82x

FCF / EV yield

14.99%

FCF yield

16.12%

Forward P/E

11.12x

Graham number

70.97726

Graham upside

13.75%

Industry forward P/E

11.28x

Industry P/E

16.96x

Lynch fair value

TWD 17.16

Lynch upside

-72.5%

P/B ratio

0.93x

P/E ratio

18.18x

P/FCF ratio

6.2x

P/OCF ratio

6.02x

P/S ratio

0.76x

PEG ratio

0.87x

Price / tangible book value

0.96x

Price/EBITDA ratio

11.56x

Sector forward P/E

16.93x

Sector P/E

16.84x

Metric	Value
EBIT margin	5.72%
EBITDA margin	6.6%
Effective tax rate	25.92%
FCF margin	12.3%
Gross margin	14.77%
Operating margin	5.72%
Pretax margin	5.41%
Profit margin	4.22%
Profit per employee	TWD 1.5M
Profitable quarters	2
Profitable years	1
Revenue per employee	TWD 34.8M
ROA	2.46%
ROA (5Y)	4.33%
ROCE	5.78%
ROE	5.05%
ROE (5Y)	11.02%
ROIC	4.71%
ROIC (5Y)	9.52%
Tax / revenue	1.4%

Metric

Value

EBIT margin

5.72%

EBITDA margin

6.6%

Effective tax rate

25.92%

FCF margin

12.3%

Gross margin

14.77%

Operating margin

5.72%

Pretax margin

5.41%

Profit margin

4.22%

Profit per employee

TWD 1.5M

Profitable quarters

Profitable years

Revenue per employee

TWD 34.8M

ROA

2.46%

ROA (5Y)

4.33%

ROCE

5.78%

ROE

5.05%

ROE (5Y)

11.02%

ROIC

4.71%

ROIC (5Y)

9.52%

Tax / revenue

1.4%

Metric	Value
EPS growth (Q)	-19.57%
EPS growth (QoQ)	-1.85%
EPS growth 10Y	-8.98%
EPS growth 3Y	-25.19%
EPS growth 5Y	-25.4%
EPS growth years	1
FCF growth	158.31%
FCF growth (Q)	9.71%
FCF growth (QoQ)	331%
FCF growth 5Y	42.5%
Gross profit growth	-22.44%
Gross profit growth (Q)	19.92%
Gross profit growth 3Y	-17.77%
Gross profit growth 5Y	-1.57%
Net income growth (Q)	-19.25%
Net income growth (QoQ)	-2.3%
Net income growth 3Y	-25.21%
Net income growth 5Y	-25.42%
Net income growth years	1
OCF growth	147.83%
OCF growth (Q)	8.94%
OCF growth (QoQ)	317.43%
OCF growth 10Y	4.54%
OCF growth 5Y	31.5%
Operating income growth	-47.83%
Operating income growth (Q)	8.45%
Operating income growth 3Y	-29.85%
Operating income growth 5Y	-4.28%
Revenue growth	-15.81%
Revenue growth (Q)	-0.94%
Revenue growth (QoQ)	30.35%
Revenue growth 10Y	-0.59%
Revenue growth 3Y	-12.01%
Revenue growth 5Y	-3.71%
Revenue growth years	0

Metric

Value

EPS growth (Q)

-19.57%

EPS growth (QoQ)

-1.85%

EPS growth 10Y

-8.98%

EPS growth 3Y

-25.19%

EPS growth 5Y

-25.4%

EPS growth years

FCF growth

158.31%

FCF growth (Q)

9.71%

FCF growth (QoQ)

331%

FCF growth 5Y

42.5%

Gross profit growth

-22.44%

Gross profit growth (Q)

19.92%

Gross profit growth 3Y

-17.77%

Gross profit growth 5Y

-1.57%

Net income growth (Q)

-19.25%

Net income growth (QoQ)

-2.3%

Net income growth 3Y

-25.21%

Net income growth 5Y

-25.42%

Net income growth years

OCF growth

147.83%

OCF growth (Q)

8.94%

OCF growth (QoQ)

317.43%

OCF growth 10Y

4.54%

OCF growth 5Y

31.5%

Operating income growth

-47.83%

Operating income growth (Q)

8.45%

Operating income growth 3Y

-29.85%

Operating income growth 5Y

-4.28%

Revenue growth

-15.81%

Revenue growth (Q)

-0.94%

Revenue growth (QoQ)

30.35%

Revenue growth 10Y

-0.59%

Revenue growth 3Y

-12.01%

Revenue growth 5Y

-3.71%

Revenue growth years

Metric	Value
Capital expenditures	TWD -89.1M
Depreciation and amortization	TWD 216.5M
EBIT	TWD 1.4B
EBITDA	TWD 1.6B
EPS	TWD 3.43
FCF per share	TWD 10.06
Financing cash flow	TWD -2.2B
Free cash flow	TWD 3B
Gross profit	TWD 3.6B
Income taxes	TWD 342.5M
Investing cash flow	TWD 113.8M
Net borrowing	TWD -686.4M
Net cash flow	TWD 1.2B
Net income	TWD 1B
Operating income	TWD 1.4B
Revenue	TWD 24.4B

Metric

Value

Capital expenditures

TWD -89.1M

Depreciation and amortization

TWD 216.5M

EBIT

TWD 1.4B

EBITDA

TWD 1.6B

EPS

TWD 3.43

FCF per share

TWD 10.06

Financing cash flow

TWD -2.2B

Free cash flow

TWD 3B

Gross profit

TWD 3.6B

Income taxes

TWD 342.5M

Investing cash flow

TWD 113.8M

Net borrowing

TWD -686.4M

Net cash flow

TWD 1.2B

Net income

TWD 1B

Operating income

TWD 1.4B

Revenue

TWD 24.4B

Metric	Value
Altman Z-Score	2.55
Book value per share	TWD 65.24
Debt / EBITDA	3.57
Debt / equity	0.3
Debt / FCF	1.99
Interest coverage	7.01
Long-term assets	TWD 19.2B
Long-term liabilities	TWD 4.2B
Net cash (debt)	TWD -944.3M
Net cash / market cap	-5.06%
Net debt / EBITDA	0.59
Net debt / equity	0.05
Net debt / FCF	0.31
Piotroski F-Score	6
Property, plant and equipment	TWD 2.4B
Shareholders' equity	TWD 20B
Tangible book value	TWD 19.5B
Tangible book value per share	TWD 65.12
Total assets	TWD 35.8B
Total cash	TWD 5B
Total debt	TWD 6B
Total liabilities	TWD 15.8B
WACC	6.17%

Metric

Value

Altman Z-Score

2.55

Book value per share

TWD 65.24

Debt / EBITDA

3.57

Debt / equity

0.3

Debt / FCF

1.99

Interest coverage

7.01

Long-term assets

TWD 19.2B

Long-term liabilities

TWD 4.2B

Net cash (debt)

TWD -944.3M

Net cash / market cap

-5.06%

Net debt / EBITDA

0.59

Net debt / equity

0.05

Net debt / FCF

0.31

Piotroski F-Score

Property, plant and equipment

TWD 2.4B

Shareholders' equity

TWD 20B

Tangible book value

TWD 19.5B

Tangible book value per share

TWD 65.12

Total assets

TWD 35.8B

Total cash

TWD 5B

Total debt

TWD 6B

Total liabilities

TWD 15.8B

WACC

6.17%

Metric	Value
Asset turnover	0.69
Current assets	TWD 16.6B
Current liabilities	TWD 11.6B
Current ratio	1.43
Inventory turnover	2.49
Net working capital	TWD 5.3B
Quick ratio	0.72
Working capital	TWD 5B
Working capital turnover	5.25

Metric

Value

Asset turnover

0.69

Current assets

TWD 16.6B

Current liabilities

TWD 11.6B

Current ratio

1.43

Inventory turnover

2.49

Net working capital

TWD 5.3B

Quick ratio

0.72

Working capital

TWD 5B

Working capital turnover

5.25

Metric	Value
Buyback yield / dilution	-0.49%
Dividend growth	-30%
Dividend growth (10Y)	-6.53%
Dividend growth (3Y)	-26.32%
Dividend growth (5Y)	-16.74%
Dividend growth years	0
Dividend payment date	2026-09-04
Dividend payment years	24
Dividend payout frequency	Annual
Dividend per share	TWD 2.80
Dividend yield	4.49%
Ex-dividend date	2026-08-06
FCF payout ratio	27.84%
Last dividend	TWD 2.80
Payout ratio	115.94%
Shareholder yield	4%

Metric

Value

Buyback yield / dilution

-0.49%

Dividend growth

-30%

Dividend growth (10Y)

-6.53%

Dividend growth (3Y)

-26.32%

Dividend growth (5Y)

-16.74%

Dividend growth years

Dividend payment date

2026-09-04

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

TWD 2.80

Dividend yield

4.49%

Ex-dividend date

2026-08-06

FCF payout ratio

27.84%

Last dividend

TWD 2.80

Payout ratio

115.94%

Shareholder yield

Metric	Value
10Y price change	-57.55%
10Y return CAGR	-5.78%
10Y total return	-44.85%
150-day SMA	TWD 71.02
15Y price change	4.07%
15Y return CAGR	3.05%
15Y total return	56.92%
1D price change	-1.58%
1M price change	-6.45%
1M total return	-6.45%
1W price change	-4.88%
1W total return	-4.88%
1Y price change	-40.57%
1Y return CAGR	-38.38%
1Y total return	-38.36%
20-day SMA	TWD 66.90
200-day SMA	TWD 73.30
20Y price change	195.23%
20Y return CAGR	8.88%
20Y total return	447.8%
3M price change	-20%
3M total return	-17.03%
3Y price change	-63.19%
3Y return CAGR	-25.99%
3Y total return	-59.47%
50-day SMA	TWD 73.28
50-day SMA vs 200-day SMA	50under200
52-week high	TWD 106.50
52-week high date	2025-10-28
52-week low	TWD 55.10
52-week low date	2026-04-27
5Y price change	-78.11%
5Y return CAGR	-23.73%
5Y total return	-74.19%
6M price change	9.09%
6M total return	13.14%
All-time high	TWD 368.00
All-time high date	2021-04-13
All-time low	TWD 3.97
All-time low date	2001-11-02
Average true range (ATR)	TWD 2.12
Average volume	1.6M
Beta (1Y)	-0.43
Beta (2Y)	0.03
Beta (5Y)	0.56
Change from 52-week high	-43.27%
Change from 52-week low	13.25%
Change from all-time high	-83.04%
Change from all-time low	1,470.21%
Change from open	-2.04%
Day's gap	0.47%
Dollar volume	TWD 61.7M
High price	TWD 63.70
Low price	TWD 62.00
Monthly RSI	32.54
Open price	TWD 63.70
Position in 52-week range	23.53%
Previous close	TWD 63.40
Price vs 150-day SMA	-12.13%
Price vs 20-day SMA	-6.72%
Price vs 200-day SMA	-14.87%
Price vs 50-day SMA	-14.85%
Relative volume	0.59
RSI	32.85
Sharpe ratio	-0.96
Sharpe ratio (3Y)	-0.75
Sharpe ratio (5Y)	-0.67
Sortino ratio	-1.29
Sortino ratio (3Y)	-0.95
Sortino ratio (5Y)	-0.81
Volume	988.5K
Weekly RSI	37.17
YTD price change	-24.55%
YTD total return	-21.74%

Metric

Value

10Y price change

-57.55%

10Y return CAGR

-5.78%

10Y total return

-44.85%

150-day SMA

TWD 71.02

15Y price change

4.07%

15Y return CAGR

3.05%

15Y total return

56.92%

1D price change

-1.58%

1M price change

-6.45%

1M total return

-6.45%

1W price change

-4.88%

1W total return

-4.88%

1Y price change

-40.57%

1Y return CAGR

-38.38%

1Y total return

-38.36%

20-day SMA

TWD 66.90

200-day SMA

TWD 73.30

20Y price change

195.23%

20Y return CAGR

8.88%

20Y total return

447.8%

3M price change

-20%

3M total return

-17.03%

3Y price change

-63.19%

3Y return CAGR

-25.99%

3Y total return

-59.47%

50-day SMA

TWD 73.28

50-day SMA vs 200-day SMA

50under200

52-week high

TWD 106.50

52-week high date

2025-10-28

52-week low

TWD 55.10

52-week low date

2026-04-27

5Y price change

-78.11%

5Y return CAGR

-23.73%

5Y total return

-74.19%

6M price change

9.09%

6M total return

13.14%

All-time high

TWD 368.00

All-time high date

2021-04-13

All-time low

TWD 3.97

All-time low date

2001-11-02

Average true range (ATR)

TWD 2.12

Average volume

1.6M

Beta (1Y)

-0.43

Beta (2Y)

0.03

Beta (5Y)

0.56

Change from 52-week high

-43.27%

Change from 52-week low

13.25%

Change from all-time high

-83.04%

Change from all-time low

1,470.21%

Change from open

-2.04%

Day's gap

0.47%

Dollar volume

TWD 61.7M

High price

TWD 63.70

Low price

TWD 62.00

Monthly RSI

32.54

Open price

TWD 63.70

Position in 52-week range

23.53%

Previous close

TWD 63.40

Price vs 150-day SMA

-12.13%

Price vs 20-day SMA

-6.72%

Price vs 200-day SMA

-14.87%

Price vs 50-day SMA

-14.85%

Relative volume

0.59

RSI

32.85

Sharpe ratio

-0.96

Sharpe ratio (3Y)

-0.75

Sharpe ratio (5Y)

-0.67

Sortino ratio

-1.29

Sortino ratio (3Y)

-0.95

Sortino ratio (5Y)

-0.81

Volume

988.5K

Weekly RSI

37.17

YTD price change

-24.55%

YTD total return

-21.74%

Metric	Value
Float	201M
Shares change (QoQ)	-0.62%
Shares change (YoY)	0.49%
Shares held by insiders	27.45%
Shares held by institutions	19.84%
Shares outstanding	299M

Metric

Value

Float

201M

Shares change (QoQ)

-0.62%

Shares change (YoY)

0.49%

Shares held by insiders

27.45%

Shares held by institutions

19.84%

Shares outstanding

299M

TPE/9914 (TPE/9914)

Price

Financial snapshot

Fair-value bridge

Latest news · TPE/9914

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TPE/9914 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TPE/9914

Frequently asked questions