Meiloon Industrial Co Ltd (2477) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Meiloon Industrial Co Ltd stock TWD 26.63, price TWD 21.30, upside +25.0%, quality 56 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 15.59 TWD – 34.00 TWD · fair‑value band 21.67 TWD – 31.59 TWD · the 21.30 TWD price screens below the 26.63 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Meiloon Industrial Co., Ltd. designs and manufactures speakers in Taiwan, Europe, the United States, Asia, and internationally.
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It offers home theater systems, subwoofers, sound bars and ATV; HUB speaker; wireless and portable speakers; in-wall and in-celling speakers; car and marine speakers; out door speakers; education speakers; and studio monitor speakers, as well as line arrays.
The company was founded in 1973 and is based in Taoyuan City, Taiwan.
Stock analysis
Meiloon Industrial Co Ltd (2477) currently trades at 21.30 TWD, while our model-based Fair Value estimate is 26.63 TWD, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 31.37 TWD per share, and 14 of the 24 models we run sit above the 21.30 TWD price.
Bear case: the Asset-Based group reads lowest at 8.43 TWD, and 10 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 21.67 TWD (bear) to 31.59 TWD (bull), the price of 21.30 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Meiloon Industrial Co Ltd reported revenue of 2.5B TWD in FY2025 versus 3.8B TWD in FY2021, a compound −9.7%/yr. Reported net income was 267M TWD in FY2025, compounding −36.5%/yr from FY2021.
Key figures
Market cap 3.4B TWD (≈ $103M) · P/E ratio 24.2 · P/S ratio 1.40 · EPS (TTM) 0.8800 TWD · Dividend yield 5.8% · Net margin 5.8% · Return on equity 3.0% · Return on assets (EBIT) 0.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at 25%, 2477 screens cheaper than that median.
Fair Value models
Bear21.67 TWDFair Value 26.63 TWDBull31.59 TWD
Price 21.30 TWD · Upside +25.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.7546 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−5.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
Start year 2020 (pandemic). Over 10 years: −5.1% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.6%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.2%
Dividend (yield on the price)5.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.7% vs 0.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 251% above its own trend.
Compare Meiloon Industrial Co Ltd with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consumer Electronics · 114 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+25.0% · Above median
Profitability
Return on equity (12 months)3.0% · Below median
Return on assets3.2% · Above median
Net margin (12 months)5.8% · Above median
Operating margin (12 months)0.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)−11.4% · Bottom 25%
Dividend yield (12 months)5.8% · Top 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Consumer Electronics median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Meiloon Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2477
Frequently asked questions
Is Meiloon Industrial Co Ltd (2477) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 26.63 TWD versus a price of 21.30 TWD, about +25% upside (undervalued).
What is the fair value of 2477?
Our model-based fair value for Meiloon Industrial Co Ltd is 26.63 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 21.30 TWD.
What is the quality score of 2477?
Meiloon Industrial Co Ltd has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Meiloon Industrial Co Ltd (2477)?
Our model-based price target is the fair value of 26.63 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 21.67 TWD, optimistic scenario 31.59 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Meiloon Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 26.63 TWD, about +25% upside versus a price of 21.30 TWD (undervalued). Cautious scenario 21.67 TWD, optimistic scenario 31.59 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Meiloon Industrial Co Ltd (2477)?
Meiloon Industrial Co Ltd reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 7, 2026).
Does Meiloon Industrial Co Ltd pay a dividend?
Meiloon Industrial Co Ltd currently shows a dividend yield of 5.75% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Meiloon Industrial Co Ltd (2477)?
Meiloon Industrial Co Ltd has a dividend yield of 5.8%.
What is the intrinsic value of Meiloon Industrial Co Ltd (2477)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meiloon Industrial Co Ltd it is 26.63 TWD per share (as of Nov 7, 2026), against a price of 21.30 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Meiloon Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 2477 trades below its calculated fair value: price 21.30 TWD, fair value 26.63 TWD, a gap of about +25% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2477?
No. The price is what the market pays today (21.30 TWD); the fair value is what the company's own numbers justify (26.63 TWD). For Meiloon Industrial Co Ltd the two are 5.33 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Meiloon Industrial Co Ltd worth?
The market values Meiloon Industrial Co Ltd at about 3.4B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 21.30 TWD; our models calculate a fair value of 26.63 TWD per share.
What do the bullish and bearish scenarios say about 2477?
Our models span a range for Meiloon Industrial Co Ltd: cautious scenario 21.67 TWD, base 26.63 TWD, optimistic 31.59 TWD per share (as of Nov 7, 2026, price 21.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2477?
Meiloon Industrial Co Ltd trades at a price-to-earnings ratio of 24.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.63 TWD is built from several models across several years. Other multiples: PEG 0.6.
What is the PEG ratio of 2477?
The PEG ratio of Meiloon Industrial Co Ltd is 0.63 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Meiloon Industrial Co Ltd (2477)?
Balance-sheet figures for Meiloon Industrial Co Ltd (as of Nov 7, 2026): return on equity 3.0%, debt of 0.16 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 2477 from its 52-week high?
Meiloon Industrial Co Ltd trades at 21.30 TWD, about 15% below its 52-week high of 25.17 TWD and 4% above the low of 20.40 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 26.63 TWD is for.
Which stocks are comparable to Meiloon Industrial Co Ltd?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Meiloon Industrial Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 21.30 TWD, calculated fair value 26.63 TWD (+25%), Quality Score 56/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2477 calculated?
We run Meiloon Industrial Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 26.63 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Meiloon Industrial Co Ltd currently trades 20% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Meiloon Industrial Co Ltd (2477)?
The closing price on Nov 9, 2026 was 21.30 TWD. Our model-based fair value is 26.63 TWD, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meiloon Industrial Co Ltd right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Meiloon Industrial Co Ltd (2477) come from?
Earnings per share at Meiloon Industrial Co Ltd grew −0.4 % a year from 2015 to 2025. Broken into its drivers: revenue per share −2.4 %, EBIT margin −4.4 %, tax rate −0.6 %, residual (interest, one-offs) +7.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Meiloon Industrial Co Ltd
How large is the market capitalisation of Meiloon Industrial Co Ltd (2477)?
The market capitalisation of Meiloon Industrial Co Ltd is 3.4B TWD (≈ $103M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Meiloon Industrial Co Ltd (2477)?
The price-to-sales ratio of Meiloon Industrial Co Ltd is 1.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Meiloon Industrial Co Ltd (2477)?
Earnings per share at Meiloon Industrial Co Ltd are 0.8800 TWD (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Meiloon Industrial Co Ltd (2477)?
The dividend yield of Meiloon Industrial Co Ltd is 5.8% (payout 139%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Meiloon Industrial Co Ltd (2477)?
The net margin of Meiloon Industrial Co Ltd is 5.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Meiloon Industrial Co Ltd (2477)?
The return on equity (ROE) of Meiloon Industrial Co Ltd is 3.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Meiloon Industrial Co Ltd (2477)?
On an EBIT basis the return on assets of Meiloon Industrial Co Ltd is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Meiloon Industrial Co Ltd (2477)?
The operating margin of Meiloon Industrial Co Ltd is 0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meiloon Industrial Co Ltd (2477)?
Revenue at Meiloon Industrial Co Ltd is growing −11.4% versus a year earlier (3y avg −10.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Meiloon Industrial Co Ltd (2477)?
Earnings per share at Meiloon Industrial Co Ltd are growing −92.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Meiloon Industrial Co Ltd (2477) generate?
The free cash flow of Meiloon Industrial Co Ltd is 215M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Meiloon Industrial Co Ltd (2477) hold?
Meiloon Industrial Co Ltd holds more cash than debt, 1.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026