Risk factor
Low price volatility
Profitability factor
Greatly undervalued vs peers
About
Established in Taichung, Taiwan, in 1975, Merry Electronics Co., Ltd. operates globally, specializing in the creation, production, servicing, and distribution of a broad spectrum of electronic and related products. Its diverse range encompasses everything from general electric appliances, audio-visual equipment, and telecommunications devices to computer peripherals, restricted radio frequency equipment, medical instruments, and various electronic parts. The company's specific product lineup features a comprehensive suite of audio solutions, including microphones, receivers, earphones, speakers, and complete sound systems. It also manufactures power solutions such as amplifiers, charging boxes, and portable power supplies, alongside specialized hearing aids, acoustic equipment, and medical rehabilitation devices. Other offerings include essential components like cables, connectors, and electronic parts, as well as security systems, induction cookers, plastic hardware, molds, and antennas. Beyond its core manufacturing, Merry Electronics is actively involved in the research, development, and commercialization of software for hearing aids, plastic injection molding, and metal stamping. The company also handles international and transit trade, offers trading consultancy, and processes electric wires and cables. Its sophisticated products are utilized in mobile communication, multimedia and entertainment, medical and healthcare sectors, smart home environments, and various accessories, serving a wide international clientele spanning the United States, the Netherlands, Denmark, Switzerland, and China, among other markets.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is underpriced on P/E, 'cheap'
Target Price
The average target price of 2439.TW is 97.9 and suggests 12.6% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommenda