Merida Industry Co Ltd (9914) - Net Assets

Latest as of December 2025: NT$19.82 Billion TWD ≈ $624.54 Million USD

Based on the latest financial reports, Merida Industry Co Ltd (9914) has net assets worth NT$19.82 Billion TWD (≈ $624.54 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$35.20 Billion ≈ $1.11 Billion USD) and total liabilities (NT$15.38 Billion ≈ $484.55 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Merida Industry Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets NT$19.82 Billion
% of Total Assets 56.31%
Annual Growth Rate 7.97%
5-Year Change 6.74%
10-Year Change 51.59%
Growth Volatility 9.41

Merida Industry Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Merida Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Merida Industry Co Ltd (9914) total market value.

Annual Net Assets for Merida Industry Co Ltd (2000–2025)

The table below shows the annual net assets of Merida Industry Co Ltd from 2000 to 2025. Also explore Merida Industry Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 NT$19.82 Billion
≈ $624.54 Million		 -2.26%
2024-12-31 NT$20.28 Billion
≈ $638.99 Million		 -5.97%
2023-12-31 NT$21.57 Billion
≈ $679.58 Million		 +0.35%
2022-12-31 NT$21.49 Billion
≈ $677.20 Million		 +15.74%
2021-12-31 NT$18.57 Billion
≈ $585.11 Million		 +10.67%
2020-12-31 NT$16.78 Billion
≈ $528.68 Million		 +16.50%
2019-12-31 NT$14.40 Billion
≈ $453.80 Million		 +8.49%
2018-12-31 NT$13.28 Billion
≈ $418.30 Million		 +9.90%
2017-12-31 NT$12.08 Billion
≈ $380.63 Million		 -7.61%
2016-12-31 NT$13.08 Billion
≈ $412.00 Million		 -2.22%
2015-12-31 NT$13.37 Billion
≈ $421.33 Million		 +6.47%
2014-12-31 NT$12.56 Billion
≈ $395.71 Million		 +18.64%
2013-12-31 NT$10.59 Billion
≈ $333.55 Million		 +20.87%
2012-12-31 NT$8.76 Billion
≈ $275.94 Million		 +19.84%
2011-12-31 NT$7.31 Billion
≈ $230.26 Million		 +22.35%
2010-12-31 NT$5.97 Billion
≈ $188.20 Million		 -1.88%
2009-12-31 NT$6.09 Billion
≈ $191.80 Million		 +14.59%
2008-12-31 NT$5.31 Billion
≈ $167.38 Million		 +4.80%
2007-12-31 NT$5.07 Billion
≈ $159.70 Million		 +22.10%
2006-12-31 NT$4.15 Billion
≈ $130.80 Million		 +9.16%
2005-12-31 NT$3.80 Billion
≈ $119.82 Million		 +20.81%
2004-12-31 NT$3.15 Billion
≈ $99.18 Million		 -5.30%
2003-12-31 NT$3.32 Billion
≈ $104.73 Million		 +2.39%
2002-12-31 NT$3.25 Billion
≈ $102.28 Million		 +4.70%
2001-12-31 NT$3.10 Billion
≈ $97.69 Million		 +6.31%
2000-12-31 NT$2.92 Billion
≈ $91.89 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Merida Industry Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 5306.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings NT$11.75 Billion 60.60%
Common Stock NT$2.99 Billion 15.42%
Other Comprehensive Income NT$4.23 Billion 21.83%
Other Components NT$416.29 Million 2.15%
Total Equity NT$19.39 Billion 100.00%

Merida Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Merida Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Riskified Ltd
NYSE:RSKD
 $636.79 Million
Sichuan Meifeng Chemical Industry Co Ltd
SHE:000731
 $636.86 Million
Docebo Inc
TO:DCBO
 $637.34 Million
COFCO Joycome Foods Limited
F:0M7
 $637.46 Million
Shanghai Labway Clinical Laboratory Co Ltd
SHE:301060
 $636.49 Million
Group Up Industrial Co., Ltd.
TWO:6664
 $636.03 Million
Guangdong Insight Brand Marketing Group Co Ltd
SHE:300781
 $635.92 Million
Jdd Tech New Mat Co Ltd
SHE:301538
 $635.87 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Merida Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 19,295,453,000 to 19,392,848,000, a change of 97,395,000 (0.5%).
  • Net income of 1,200,210,000 contributed positively to equity growth.
  • Dividend payments of 1,195,935,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 807,538,000.
  • Other factors increased equity by 900,658,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income NT$1.20 Billion +6.19%
Dividends Paid NT$1.20 Billion -6.17%
Other Comprehensive Income NT$-807.54 Million -4.16%
Other Changes NT$900.66 Million +4.64%
Total Change NT$- 0.50%

Book Value vs Market Value Analysis

This analysis compares Merida Industry Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.06x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 4.98x to 1.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 NT$13.57 NT$67.60 x
2007-12-31 NT$16.57 NT$67.60 x
2008-12-31 NT$16.95 NT$67.60 x
2009-12-31 NT$19.52 NT$67.60 x
2010-12-31 NT$19.27 NT$67.60 x
2011-12-31 NT$23.73 NT$67.60 x
2012-12-31 NT$28.32 NT$67.60 x
2013-12-31 NT$33.60 NT$67.60 x
2014-12-31 NT$39.92 NT$67.60 x
2015-12-31 NT$42.67 NT$67.60 x
2016-12-31 NT$41.89 NT$67.60 x
2017-12-31 NT$38.63 NT$67.60 x
2018-12-31 NT$42.46 NT$67.60 x
2019-12-31 NT$45.87 NT$67.60 x
2020-12-31 NT$53.28 NT$67.60 x
2021-12-31 NT$59.10 NT$67.60 x
2022-12-31 NT$68.38 NT$67.60 x
2023-12-31 NT$68.35 NT$67.60 x
2024-12-31 NT$64.54 NT$67.60 x
2025-12-31 NT$63.94 NT$67.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Merida Industry Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 6.19%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.49%
  • • Asset Turnover: 0.76x
  • • Equity Multiplier: 1.82x
  • Recent ROE (6.19%) is below the historical average (16.84%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 7.34% 4.26% 0.91x 1.89x NT$-77.46 Million
2002 3.65% 2.33% 0.81x 1.94x NT$-206.20 Million
2003 6.31% 3.49% 0.96x 1.88x NT$-122.56 Million
2004 13.46% 5.99% 1.13x 1.98x NT$109.05 Million
2005 16.45% 7.69% 1.20x 1.78x NT$239.87 Million
2006 18.06% 8.38% 1.16x 1.86x NT$326.94 Million
2007 26.88% 10.42% 1.35x 1.91x NT$836.09 Million
2008 23.18% 7.64% 1.36x 2.24x NT$676.03 Million
2009 19.09% 7.38% 1.30x 1.99x NT$536.41 Million
2010 21.46% 7.44% 1.40x 2.05x NT$666.74 Million
2011 25.36% 9.01% 1.44x 1.96x NT$1.10 Billion
2012 27.29% 9.54% 1.46x 1.96x NT$1.47 Billion
2013 28.76% 11.49% 1.35x 1.86x NT$1.90 Billion
2014 27.88% 12.31% 1.25x 1.81x NT$2.15 Billion
2015 23.67% 10.82% 1.26x 1.74x NT$1.76 Billion
2016 15.25% 8.38% 1.06x 1.72x NT$660.35 Million
2017 6.88% 3.56% 1.07x 1.81x NT$-361.16 Million
2018 13.40% 6.61% 1.13x 1.79x NT$433.62 Million
2019 18.16% 8.86% 1.10x 1.86x NT$1.12 Billion
2020 24.91% 14.75% 0.91x 1.85x NT$2.39 Billion
2021 26.19% 15.82% 0.83x 2.00x NT$2.87 Billion
2022 16.46% 9.16% 0.87x 2.07x NT$1.33 Billion
2023 8.24% 6.21% 0.71x 1.86x NT$-360.13 Million
2024 -3.62% -2.36% 0.79x 1.95x NT$-2.63 Billion
2025 6.19% 4.49% 0.76x 1.82x NT$-739.07 Million

Industry Comparison

This section compares Merida Industry Co Ltd's net assets metrics with peer companies in the Leisure industry.

Industry Context

  • Industry: Leisure
  • Average net assets among peers: $2,422,142,900
  • Average return on equity (ROE) among peers: 11.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Merida Industry Co Ltd (9914) NT$19.82 Billion 7.34% 0.78x $636.77 Million
Trk Corp (1432) $746.43 Million 0.00% 4.00x $50.70 Million
Rexon Industrial Corp Ltd (1515) $2.40 Billion 8.62% 1.21x $167.52 Million
Sun Race Sturmey-Archer Inc (1526) $403.59 Million 0.00% 1.27x $27.88 Million
Chi Hua Fitness Co Ltd (1593) $1.13 Billion 15.13% 0.46x $39.55 Million
Dyaco International Inc (1598) $682.27 Million 26.06% 2.48x $104.53 Million
Johnson Health Tech Co Ltd (1736) $3.60 Billion 34.31% 0.96x $1.23 Billion
Topkey Corp (4536) $5.16 Billion 11.83% 0.58x $472.12 Million
Brogent Technologies (5263) $3.15 Billion -5.71% 0.60x $201.78 Million
Janfusun Fancyworld (5701) $967.68 Million -11.18% 2.40x $19.28 Million
Fusheng Precision Co Ltd (6670) $5.98 Billion 33.53% 0.75x $1.20 Billion

About Merida Industry Co Ltd

TW:9914 Taiwan Leisure
Market Cap
$636.77 Million
NT$20.21 Billion TWD
Market Cap Rank
#11085 Global
#387 in Taiwan
Share Price
NT$67.60
Change (1 day)
-0.44%
52-Week Range
NT$55.70 - NT$109.00
All Time High
NT$325.64
Categories
Companies in Taiwan Leisure
About

Merida Industry Co., Ltd., together with its subsidiaries, manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe. The company offers mountain bikes, road bikes, fitness bikes, gravel bikes, trekking bikes, and e-bikes, as well as bikes for youth and kids. It also provides handlebars, stems, grips and bartapes, seatposts and clamps, saddles, pedals, protecti… Read more