Merida Industry Co (TPE:9914) Net Margin %: -4.78% (As of Dec. 2025)


TPE:9914 Merida Industry Co Ltd TPE:9914
67 GF Score
Price NT$72.80
GF Value NT$136.73
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Merida Industry Co Net Margin %?

Merida Industry Co TPE:9914 +1.82% 67 Net Margin % is -4.78% as of Dec. 2025. GuruFocus rates TPE:9914 with a GF Score™ of 67/100 and a GF Value™ of NT$136.73 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 847 Travel & Leisure companies, Merida Industry Co ranks worse than 51.48% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Merida Industry Co's Net Income for the three months ended in Dec. 2025 was NT$-237 Mil. Merida Industry Co's Revenue for the three months ended in Dec. 2025 was NT$4,962 Mil. Therefore, Merida Industry Co's net margin for the quarter that ended in Dec. 2025 was -4.78%.

The historical rank and industry rank for Merida Industry Co's Net Margin % or its related term are showing as below:

TPE:9914' s Net Margin % Range Over the Past 10 Years
Min: -2.36   Med: 7.5   Max: 15.82
Current: 4.49


TPE:9914's Net Margin % is ranked worse than
51.48% of 847 companies
in the Travel & Leisure industry
Industry Median: 4.78 vs TPE:9914: 4.49

Merida Industry Co  (TPE:9914) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Merida Industry Co Net Margin % Related Terms


Merida Industry Co Net Margin % Historical Data

* Premium members only.

The historical data trend for Merida Industry Co's Net Margin % 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.

Merida Industry Co Net Margin % Chart

Merida Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.82 9.16 6.21 -2.36 4.49

Merida Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.42 5.53 5.63 8.65 -4.78

TPE:9914 vs AS, HAS, LTH: Net Margin % Comparison

For the Leisure subindustry, Merida Industry Co's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Merida Industry Co's Net Margin % falls into.


TPE:9914
67GF Score
Merida Industry Co Ltd TPE:9914
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merida Industry Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Merida Industry Co's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1200.21/26757.161
=4.49 %

Merida Industry Co's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-237.194/4961.591
=-4.78 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of -4.78% mean?
Merida Industry Co (TPE:9914) has a Net Margin % of -4.78% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Merida Industry Co and its competitors. According to the industry distribution chart, Merida Industry Co ranks #436 out of 847 companies in the Travel & Leisure industry, placing it in the top 51.5%.
Is Merida Industry Co's Net Margin % too high?
Merida Industry Co's current Net Margin % is -4.78%. Based on the distribution chart, Merida Industry Co ranks #436 out of 847 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Net Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #436 out of 847 companies for Net Margin %. This places Merida Industry Co in the lower half of its industry. The industry median Net Margin % is 4.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.78, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Net Margin % is -4.78%. 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$136.73, compared to a current price of NT$72.80 — trading 46.8% below its estimated fair value. The current Net Margin % is -4.78%. Merida Industry Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Merida Industry Co (TPE:9914), the current Net Margin % is -4.78% as of Dec. 2025. 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$72.80 is trading 46.8% below its estimated GF Value™ of NT$136.73. GuruFocus considers Merida Industry Co to be Significantly Undervalued.

Key valuation signals for TPE:9914:

  • Net Margin %: -4.78%
  • GF Value™: NT$136.73 vs. price of NT$72.80 (46.8% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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 Business Description

Address No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN
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.
67GF Score

Get the complete analysis for TPE:9914

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$72.80
Price
NT$136.73
GF Value