Merida Industry CoTPE:9914 -1.07%66 EV-to-FCF is 10.95 as of Jul. 08, 2026, which is 72% below its 10-year median of 38.66. GuruFocus rates TPE:9914 with a GF Score™ of 66/100 and a GF Value™ of NT$136.34 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 569 Travel & Leisure companies, Merida Industry Co ranks better than 65.2% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Merida Industry Co's Enterprise Value is NT$25,629 Mil.
Merida Industry Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$2,341 Mil. Therefore, Merida Industry Co's EV-to-FCF for today is 10.95.
The historical rank and industry rank for Merida Industry Co's EV-to-FCF or its related term are showing as below:
TPE:9914'
s EV-to-FCF Range Over the Past 10 Years
Min: -179.19 Med: 38.66 Max: 254.34
Current: 11.25
During the past 13 years, the highest EV-to-FCF of Merida Industry Co was 254.34. The lowest was -179.19. And the median was 38.66.
TPE:9914's EV-to-FCF is ranked better than 65.2% of 569
companies
in the Travel & Leisure industry
Industry Median: 15.76
vs TPE:9914: 11.25
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Merida Industry Co (TPE:9914) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Merida Industry Co's PE Ratio (TTM) for today is calculated as:
Merida Industry Co's share price for today is NT$74.20.
Merida Industry Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$4.000.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Merida Industry Co EV-to-FCF Related Terms
Merida Industry Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Merida Industry Co's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Leisure subindustry, Merida Industry Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Merida Industry Co EV-to-FCF vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Merida Industry Co's EV-to-FCF falls into.
Merida Industry Co's current Enterprise Value is NT$25,629 Mil.
Merida Industry Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2,341 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Merida Industry Co (TPE:9914) has a EV-to-FCF of 10.95 as of Jul. 08, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Merida Industry Co and its competitors. This is 72% below median its historical median of 38.66. According to the industry distribution chart, Merida Industry Co ranks #198 out of 569 companies in the Travel & Leisure industry, placing it in the top 34.8%.
Is Merida Industry Co's EV-to-FCF too high?
Merida Industry Co's current EV-to-FCF of 10.95 is 72% below median its 10-year median of 38.66. The Travel & Leisure industry median EV-to-FCF is 15.76. Merida Industry Co's value of 10.95 is 30.5% below this industry median. Based on the distribution chart, Merida Industry Co ranks #198 out of 569 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's EV-to-FCF compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #198 out of 569 companies for EV-to-FCF. This puts Merida Industry Co in the upper half of its industry. The industry median EV-to-FCF is 15.76. Merida Industry Co's value of 10.95 is 30.5% below this benchmark. While the company's 10-year median is 38.66 vs. the industry median of 15.76, Merida Industry Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.76, based on 569 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merida Industry Co's current EV-to-FCF of 10.95 is 30.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Merida Industry Co and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current EV-to-FCF is 10.95, which is 72% below median its own 10-year median of 38.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.34, compared to a current price of NT$74.20 — trading 45.6% below its estimated fair value. The current EV-to-FCF is 10.95, which is 72% below median its 10-year median of 38.66 and 30.5% below the Travel & Leisure industry median of 15.76. Merida Industry Co's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Merida Industry Co (TPE:9914), the current EV-to-FCF is 10.95 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$74.20 is trading 45.6% below its estimated GF Value™ of NT$136.34.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
EV-to-FCF: 10.95 (72% below median its 10-year median of 38.66)
GF Value™: NT$136.34 vs. price of NT$74.20 (45.6% below fair value)
Industry Position: 30.5% below the Travel & Leisure median (#198 of 569)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
66GF Score
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