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Merida Bikes Valuation Multiples

Discover revenue and EBITDA valuation multiples for Merida Bikes and similar public comparables like MIPS, Beneteau, Helen Of Troy, Genda and more.

Merida Bikes Overview

About Merida Bikes

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.


Founded

1972

HQ

Taiwan

Employees

1.3K

Financials (LTM)

Revenue: $809M
EBITDA: $63M

EV

$754M

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Merida Bikes Financials

Merida Bikes reported last 12-month revenue of $809M and EBITDA of $63M.

In the same LTM period, Merida Bikes generated $126M in gross profit, $63M in EBITDA, and $41M in net income.

Revenue (LTM)


Merida Bikes P&L

In the most recent fiscal year, Merida Bikes reported revenue of $854M and EBITDA of $67M.

Merida Bikes is profitable as of last fiscal year, with gross margin of 14%, EBITDA margin of 8%, and net margin of 4%.

See analyst estimates for Merida Bikes
LTMLast FY202320242025202620272028
Revenue$809M$854M$870M$946M$854M
Gross Profit$126M$120M$163M$172M$120M
Gross Margin16%14%19%18%14%
EBITDA$63M$67M$106M($6M)$67M
EBITDA Margin8%8%12%(1%)8%
EBIT Margin6%6%11%10%6%
Net Profit$41M$38M$54M($22M)$38M
Net Margin5%4%6%(2%)4%
Net Debt-$112M---

Financial data powered by Morningstar, Inc.

Merida Bikes Stock Performance

Merida Bikes has current market cap of $658M, and enterprise value of $754M.

Market Cap Evolution


Merida Bikes' stock price is $2.20.

Merida Bikes share price increased by 3.6% in the last 30 days, and decreased by 31.9% in the last year.

Merida Bikes has an EPS (earnings per share) of $0.13.

See more trading valuation data for Merida Bikes
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$754M$658M1.6%3.6%7.0%-31.9%$0.13

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Merida Bikes Valuation Multiples

Merida Bikes trades at 0.9x EV/Revenue multiple, and 12.0x EV/EBITDA.

See NTM and 2027E valuation multiples for Merida Bikes

EV / Revenue (LTM)


Merida Bikes Financial Valuation Multiples

As of June 4, 2026, Merida Bikes has market cap of $658M and EV of $754M.

Merida Bikes has a P/E ratio of 16.1x.

LTMLast FY202320242025202620272028
EV/Revenue0.9x0.9x0.9x0.8x0.9x
EV/EBITDA12.0x11.3x7.1x(133.2x)11.3x
EV/EBIT14.6x14.5x8.2x7.7x16.0x
EV/Gross Profit6.0x6.3x4.6x4.4x6.3x
P/E16.1x17.2x12.2x(29.5x)17.2x
EV/FCF10.0x10.1x(60.5x)11.1x10.1x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Merida Bikes Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Merida Bikes Margins & Growth Rates

Merida Bikes decreased revenue by 10% and EBITDA by 3% in the last fiscal year.

In the most recent fiscal year, Merida Bikes reported gross margin of 14%, EBITDA margin of 8%, and net margin of 4%.

See estimated margins and future growth rates for Merida Bikes

Merida Bikes Margins

Last FY202420252026202720282029
Gross Margin14%18%14%17%
EBITDA Margin8%(1%)8%8%
EBIT Margin6%10%6%7%
Net Margin4%(2%)4%6%
FCF Margin9%7%9%10%

Merida Bikes Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(10%)9%(10%)(10%)
Gross Profit Growth9%5%(30%)9%
EBITDA Growth(3%)(105%)(1276%)(3%)
EBIT Growth(2%)7%(52%)9%
Net Profit Growth18%(141%)(272%)18%
FCF Growth3%(644%)10%3%

Data powered by FactSet, Inc. and Morningstar, Inc.

Merida Bikes Operational KPIs

Merida Bikes' revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.1M for the same period.

Merida Bikes' Rule of 40 is (2%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Merida Bikes' Rule of X is (17%) (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Merida Bikes
LTMLast FY202320242025202620272028
Rule of 405%(2%)---
Bessemer Rule of X2%(17%)---
Revenue per Employee-$0.7M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue-4%4%4%4%
G&A Expenses to Revenue-4%4%4%4%
Opex to Revenue-9%8%8%9%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Merida Bikes Competitors

Merida Bikes competitors include MIPS, Beneteau, Helen Of Troy, Genda, Roland, Sportsoul, Phoenix Bicycle, MasterCraft, Malibu Boats and Winnebago Industries.

Most Merida Bikes public comparables operate across Sports & Leisure.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
MIPS11.3x9.6x30.6x23.8x
Beneteau0.6x0.6x13.9x8.6x
Helen Of Troy0.8x0.8x7.7x7.6x
Genda1.1x1.0x8.2x7.4x
Roland1.2x1.1x8.6x8.8x
Sportsoul7.1x-(195.9x)-
Phoenix Bicycle1.6x-16.0x-
MasterCraft1.9x1.7x21.7x13.4x

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About Merida Bikes

When was Merida Bikes founded?Merida Bikes was founded in 1972.
Where is Merida Bikes headquartered?Merida Bikes is headquartered in Taiwan.
How many employees does Merida Bikes have?As of today, Merida Bikes has over 1K employees.
Is Merida Bikes publicly listed?Yes, Merida Bikes is a public company listed on Taiwan Stock Exchange.
What is the stock symbol of Merida Bikes?Merida Bikes trades under 9914 ticker.
When did Merida Bikes go public?Merida Bikes went public in 1992.
Who are competitors of Merida Bikes?Merida Bikes main competitors include MIPS, Beneteau, Helen Of Troy, Genda, Roland, Sportsoul, Phoenix Bicycle, MasterCraft, Malibu Boats, Winnebago Industries.
What is the current market cap of Merida Bikes?Merida Bikes' current market cap is $658M.
What is the current revenue of Merida Bikes?Merida Bikes' last 12 months revenue is $809M.
What is the current revenue growth of Merida Bikes?Merida Bikes revenue growth (NTM/LTM) is (2%).
What is the current EV/Revenue multiple of Merida Bikes?Current revenue multiple of Merida Bikes is 0.9x.
What is the current EBITDA of Merida Bikes?Merida Bikes' last 12 months EBITDA is $63M.
What is Merida Bikes' EBITDA margin?Merida Bikes' last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of Merida Bikes?Current EBITDA multiple of Merida Bikes is 12.0x.
What is the current FCF of Merida Bikes?Merida Bikes' last 12 months FCF is $76M.
What is Merida Bikes' FCF margin?Merida Bikes' last 12 months FCF margin is 9%.
What is the current EV/FCF multiple of Merida Bikes?Current FCF multiple of Merida Bikes is 10.0x.
How many companies Merida Bikes has acquired to date?Merida Bikes hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Merida Bikes has invested to date?Merida Bikes hasn't invested in any companies yet (or none have been disclosed publicly).

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