MERCIALYS (MERY.PA) Stock Fundamental Analysis
EPA:MERY - Euronext Paris - Matif - FR0010241638 - REIT - Currency: EUR
Taking everything into account, MERY scores 5 out of 10 in our fundamental rating. MERY was compared to 40 industry peers in the Diversified REITs industry. MERY has an average financial health and profitability rating. MERY has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MERY had positive earnings in the past year.
In the past year MERY had a positive cash flow from operations.
In the past 5 years MERY has always been profitable.
In the past 5 years MERY always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.49%, MERY is in line with its industry, outperforming 55.00% of the companies in the same industry.
MERY has a Return On Equity of 8.52%. This is in the better half of the industry: MERY outperforms 75.00% of its industry peers.
MERY has a Return On Invested Capital (3.66%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for MERY is in line with the industry average of 3.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.52% | ||
| ROIC | 3.66% |
ROA(3y)2.28%
ROA(5y)2.51%
ROE(3y)7.45%
ROE(5y)8.62%
ROIC(3y)4.41%
ROIC(5y)4.49%
1.3 Margins
MERY's Profit Margin of 29.94% is in line compared to the rest of the industry. MERY outperforms 47.50% of its industry peers.
MERY's Profit Margin has declined in the last couple of years.
MERY has a worse Operating Margin (56.89%) than 70.00% of its industry peers.
MERY's Operating Margin has declined in the last couple of years.
MERY has a Gross Margin of 95.98%. This is amongst the best in the industry. MERY outperforms 87.50% of its industry peers.
In the last couple of years the Gross Margin of MERY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.89% | ||
| PM (TTM) | 29.94% | ||
| GM | 95.98% |
OM growth 3Y-0.44%
OM growth 5Y-1.55%
PM growth 3Y-6.05%
PM growth 5Y-8.66%
GM growth 3Y1.08%
GM growth 5Y0.54%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MERY is destroying value.
The number of shares outstanding for MERY has been reduced compared to 1 year ago.
MERY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MERY has a worse debt to assets ratio.
2.2 Solvency
MERY has an Altman-Z score of 0.80. This is a bad value and indicates that MERY is not financially healthy and even has some risk of bankruptcy.
MERY's Altman-Z score of 0.80 is on the low side compared to the rest of the industry. MERY is outperformed by 65.00% of its industry peers.
MERY has a debt to FCF ratio of 8.17. This is a slightly negative value and a sign of low solvency as MERY would need 8.17 years to pay back of all of its debts.
MERY's Debt to FCF ratio of 8.17 is amongst the best of the industry. MERY outperforms 90.00% of its industry peers.
MERY has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
MERY has a worse Debt to Equity ratio (1.99) than 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 8.17 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.67
WACC5.45%
2.3 Liquidity
A Current Ratio of 3.07 indicates that MERY has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.07, MERY belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
A Quick Ratio of 3.07 indicates that MERY has no problem at all paying its short term obligations.
MERY has a better Quick ratio (3.07) than 97.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 |
3. Growth
3.1 Past
MERY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.08%.
The earnings per share for MERY have been decreasing by -10.10% on average. This is quite bad
Looking at the last year, MERY shows a very negative growth in Revenue. The Revenue has decreased by -32.55% in the last year.
Measured over the past years, MERY shows a decrease in Revenue. The Revenue has been decreasing by -1.32% on average per year.
EPS 1Y (TTM)-36.08%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-67.11%
Revenue 1Y (TTM)-32.55%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-50.58%
3.2 Future
The Earnings Per Share is expected to grow by 3.99% on average over the next years.
MERY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.15% yearly.
EPS Next Y12.32%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPS Next 5YN/A
Revenue Next Year1.71%
Revenue Next 2Y2.26%
Revenue Next 3Y2.15%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.72, which indicates a rather expensive current valuation of MERY.
Compared to the rest of the industry, the Price/Earnings ratio of MERY is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.30. MERY is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 8.59, the valuation of MERY can be described as very reasonable.
MERY's Price/Forward Earnings ratio is rather cheap when compared to the industry. MERY is cheaper than 87.50% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, MERY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 8.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued a bit cheaper than 65.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MERY is valued cheaply inside the industry as 95.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.31 | ||
| EV/EBITDA | 16.06 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.52
PEG (5Y)N/A
EPS Next 2Y6.22%
EPS Next 3Y3.99%
5. Dividend
5.1 Amount
MERY has a Yearly Dividend Yield of 9.17%, which is a nice return.
Compared to an average industry Dividend Yield of 5.56, MERY pays a better dividend. On top of this MERY pays more dividend than 100.00% of the companies listed in the same industry.
MERY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.17% |
5.2 History
The dividend of MERY decreases each year by -1.82%.
Dividend Growth(5Y)-1.82%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
172.33% of the earnings are spent on dividend by MERY. This is not a sustainable payout ratio.
DP172.33%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPA:MERY (7/11/2025, 7:00:00 PM)
10.86
-0.04 (-0.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners44.2%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap1.02B
Analysts75.71
Price Target12.76 (17.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.17% |
Yearly Dividend0.99
Dividend Growth(5Y)-1.82%
DP172.33%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.01%
PT rev (3m)2.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 8.59 | ||
| P/S | 5.68 | ||
| P/FCF | 6.31 | ||
| P/OCF | 6.31 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 16.06 |
EPS(TTM)0.58
EY5.34%
EPS(NY)1.26
Fwd EY11.65%
FCF(TTM)1.72
FCFY15.84%
OCF(TTM)1.72
OCFY15.84%
SpS1.91
BVpS6.72
TBVpS6.68
PEG (NY)1.52
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.52% | ||
| ROCE | 4.99% | ||
| ROIC | 3.66% | ||
| ROICexc | 4.07% | ||
| ROICexgc | 4.08% | ||
| OM | 56.89% | ||
| PM (TTM) | 29.94% | ||
| GM | 95.98% | ||
| FCFM | 89.97% |
ROA(3y)2.28%
ROA(5y)2.51%
ROE(3y)7.45%
ROE(5y)8.62%
ROIC(3y)4.41%
ROIC(5y)4.49%
ROICexc(3y)4.94%
ROICexc(5y)5.16%
ROICexgc(3y)4.95%
ROICexgc(5y)5.17%
ROCE(3y)6%
ROCE(5y)6.11%
ROICexcg growth 3Y4.57%
ROICexcg growth 5Y0.29%
ROICexc growth 3Y4.59%
ROICexc growth 5Y0.28%
OM growth 3Y-0.44%
OM growth 5Y-1.55%
PM growth 3Y-6.05%
PM growth 5Y-8.66%
GM growth 3Y1.08%
GM growth 5Y0.54%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 8.17 | ||
| Debt/EBITDA | 9.45 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.73 | ||
| Cash Conversion | 121.28% | ||
| Profit Quality | 300.48% | ||
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 | ||
| Altman-Z | 0.8 |
F-Score6
WACC5.45%
ROIC/WACC0.67
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)300.14%
Profit Quality(5y)255.17%
High Growth Momentum
Growth
EPS 1Y (TTM)-36.08%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-67.11%
EPS Next Y12.32%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPS Next 5YN/A
Revenue 1Y (TTM)-32.55%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-50.58%
Revenue Next Year1.71%
Revenue Next 2Y2.26%
Revenue Next 3Y2.15%
Revenue Next 5YN/A
EBIT growth 1Y-17.42%
EBIT growth 3Y0.95%
EBIT growth 5Y-2.84%
EBIT Next Year32.15%
EBIT Next 3Y11.4%
EBIT Next 5YN/A
FCF growth 1Y20.31%
FCF growth 3Y5.97%
FCF growth 5Y0.83%
OCF growth 1Y20.31%
OCF growth 3Y5.97%
OCF growth 5Y0.83%