Merida Industry Co (TPE:9914) Dividend Payout Ratio: 0.00 (As of Dec. 2025)


TPE:9914 Merida Industry Co Ltd TPE:9914
66 GF Score
Price NT$76.60
GF Value NT$136.46
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Merida Industry Co Dividend Payout Ratio?

Merida Industry Co TPE:9914 +2.41% 66 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates TPE:9914 with a GF Score™ of 66/100 and a GF Value™ of NT$136.46 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 346 Travel & Leisure companies, Merida Industry Co ranks worse than 82.66% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Merida Industry Co's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Merida Industry Co Ltd is 0.85, which seems too high.

The historical rank and industry rank for Merida Industry Co's Dividend Payout Ratio or its related term are showing as below:

TPE:9914' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.71   Max: 1.53
Current: 0.85

During the past 13 years, the highest Dividend Payout Ratio of Merida Industry Co was 1.53. The lowest was 0.34. And the median was 0.71.

TPE:9914's Dividend Payout Ratio is ranked worse than
82.66% of 346 companies
in the Travel & Leisure industry
Industry Median: 0.43 vs TPE:9914: 0.85

As of today (2026-07-05), the Dividend Yield % of Merida Industry Co is 5.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Merida Industry Co was 7.18%. The lowest was 1.00%. And the median was 3.11%.

Merida Industry Co's Dividends per Share for the months ended in Dec. 2025 was NT$0.00.

During the past 12 months, Merida Industry Co's average Dividends Per Share Growth Rate was -33.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -2.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Merida Industry Co was 51.80% per year. The lowest was -33.50% per year. And the median was 10.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Merida Industry Co (TPE:9914) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Merida Industry Co Dividend Payout Ratio Related Terms

Merida Industry Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Merida Industry Co's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Merida Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.71 1.25 0.00 0.99

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
Dividend Payout Ratio 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 0.00 0.00 0.00 1.93 0.00

TPE:9914 vs AS, HAS, LTH: Dividend Payout Ratio Comparison

For the Leisure subindustry, Merida Industry Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Merida Industry Co's Dividend Payout Ratio falls into.


TPE:9914
66GF Score
Merida Industry Co Ltd TPE:9914
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merida Industry Co Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Merida Industry Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=4/ 4.055
=0.99

Merida Industry Co's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0/ -0.134
=N/A

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
Merida Industry Co (TPE:9914) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Merida Industry Co and its competitors. Over the past decade, Merida Industry Co's Dividend Payout Ratio has ranged from 0.34 to 1.53. According to the industry distribution chart, Merida Industry Co ranks #286 out of 346 companies in the Travel & Leisure industry, placing it in the top 82.7%.
Is Merida Industry Co's Dividend Payout Ratio too high?
Merida Industry Co's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 1.53. Based on the distribution chart, Merida Industry Co ranks #286 out of 346 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. 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 Dividend Payout Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #286 out of 346 companies for Dividend Payout Ratio. This places Merida Industry Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.43. Historically, Merida Industry Co's own Dividend Payout Ratio has ranged from 0.34 to 1.53 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Travel & Leisure company?
The median Dividend Payout Ratio among Travel & Leisure companies is 0.43, based on 346 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Merida Industry Co and its competitors. For the Travel & Leisure industry, the median Dividend Payout Ratio is 0.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current Dividend Payout Ratio is 0.00. 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$136.46, compared to a current price of NT$76.60 — trading 43.9% below its estimated fair value. The current Dividend Payout Ratio is 0.00. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Merida Industry Co (TPE:9914), the current Dividend Payout Ratio is 0.00 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$76.60 is trading 43.9% below its estimated GF Value™ of NT$136.46. GuruFocus considers Merida Industry Co to be Significantly Undervalued.

Key valuation signals for TPE:9914:

  • Dividend Payout Ratio: 0.00
  • GF Value™: NT$136.46 vs. price of NT$76.60 (43.9% below fair value)
  • GF Score™: 66/100 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.
66GF Score

Get the complete analysis for TPE:9914

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$76.60
Price
NT$136.46
GF Value