MERCIALYS (MERY.PA)
FR0010241638 - REIT
MERY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 45 industry peers in the Diversified REITs industry. While MERY belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MERY may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make MERY a good candidate for value investing.
1. Profitability
1.1 Basic Checks
MERY had positive earnings in the past year.
MERY had a positive operating cash flow in the past year.
Each year in the past 5 years MERY has 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 4.25%, MERY belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
With an excellent Return On Equity value of 14.37%, MERY belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
MERY has a better Return On Invested Capital (5.34%) than 90.48% of its industry peers.
MERY had an Average Return On Invested Capital over the past 3 years of 4.23%. This is in line with the industry average of 3.45%.
The last Return On Invested Capital (5.34%) for MERY is above the 3 year average (4.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 14.37% | ||
| ROIC | 5.34% |
ROA(3y)2.31%
ROA(5y)2.75%
ROE(3y)7.4%
ROE(5y)9.66%
ROIC(3y)4.23%
ROIC(5y)4.6%
1.3 Margins
With a decent Profit Margin value of 33.25%, MERY is doing good in the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Profit Margin of MERY has declined.
MERY's Operating Margin of 53.75% is on the low side compared to the rest of the industry. MERY is outperformed by 69.05% of its industry peers.
MERY's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 95.83%, MERY belongs to the best of the industry, outperforming 88.10% of the companies in the same industry.
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 | 53.75% | ||
| PM (TTM) | 33.25% | ||
| GM | 95.83% |
OM growth 3Y-15.98%
OM growth 5Y-10.78%
PM growth 3Y-15.06%
PM growth 5Y-7.03%
GM growth 3Y4.56%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MERY is creating some value.
MERY has about the same amout of shares outstanding than it did 1 year ago.
MERY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MERY has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that MERY is in the distress zone and has some risk of bankruptcy.
MERY has a Altman-Z score (0.89) which is comparable to the rest of the industry.
MERY has a debt to FCF ratio of 7.67. This is a slightly negative value and a sign of low solvency as MERY would need 7.67 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 7.67, MERY belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
A Debt/Equity ratio of 1.85 is on the high side and indicates that MERY has dependencies on debt financing.
The Debt to Equity ratio of MERY (1.85) is worse than 97.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 7.67 | ||
| Altman-Z | 0.89 |
ROIC/WACC1.11
WACC4.83%
2.3 Liquidity
A Current Ratio of 2.38 indicates that MERY has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.38, MERY belongs to the best of the industry, outperforming 97.62% of the companies in the same industry.
MERY has a Quick Ratio of 2.38. This indicates that MERY is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MERY (2.38) is better than 97.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.38 | ||
| Quick Ratio | 2.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 45.12% over the past year.
Measured over the past years, MERY shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.32% on average per year.
The Revenue has grown by 54.05% in the past year. This is a very strong growth!
MERY shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.01% yearly.
EPS 1Y (TTM)45.12%
EPS 3Y-15.36%
EPS 5Y-8.32%
EPS Q2Q%17.51%
Revenue 1Y (TTM)54.05%
Revenue growth 3Y0.49%
Revenue growth 5Y-1.01%
Sales Q2Q%3.85%
3.2 Future
The Earnings Per Share is expected to grow by 5.47% on average over the next years.
Based on estimates for the next years, MERY will show a small growth in Revenue. The Revenue will grow by 2.27% on average per year.
EPS Next Y5.5%
EPS Next 2Y5.91%
EPS Next 3Y5.47%
EPS Next 5YN/A
Revenue Next Year2.16%
Revenue Next 2Y2.28%
Revenue Next 3Y2.27%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 10.68 indicates a reasonable valuation of MERY.
Compared to the rest of the industry, the Price/Earnings ratio of MERY indicates a rather cheap valuation: MERY is cheaper than 80.95% of the companies listed in the same industry.
MERY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.48.
With a Price/Forward Earnings ratio of 8.96, the valuation of MERY can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MERY is valued a bit cheaper than 73.81% of the companies in the same industry.
MERY is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.68 | ||
| Fwd PE | 8.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued cheaper than 90.48% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MERY indicates a rather cheap valuation: MERY is cheaper than 97.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.04 | ||
| EV/EBITDA | 10.94 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MERY does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MERY may justify a higher PE ratio.
PEG (NY)1.94
PEG (5Y)N/A
EPS Next 2Y5.91%
EPS Next 3Y5.47%
5. Dividend
5.1 Amount
MERY has a Yearly Dividend Yield of 9.69%, which is a nice return.
MERY's Dividend Yield is rather good when compared to the industry average which is at 7.44. MERY pays more dividend than 88.10% of the companies in the same industry.
MERY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.69% |
5.2 History
The dividend of MERY decreases each year by -4.03%.
Dividend Growth(5Y)-4.03%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
103.37% of the earnings are spent on dividend by MERY. This is not a sustainable payout ratio.
DP103.37%
EPS Next 2Y5.91%
EPS Next 3Y5.47%
MERCIALYS
EPA:MERY (12/6/2024, 7:00:00 PM)
10.25
+0.03 (+0.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap956.10M
Analysts
Price Target
Short Float %
Short Ratio
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.69% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.68 | ||
| Fwd PE | 8.96 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.94
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 14.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 53.75% | ||
| PM (TTM) | 33.25% | ||
| GM | 95.83% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.38 | ||
| Quick Ratio | 2.38 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)45.12%
EPS 3Y-15.36%
EPS 5Y
EPS Q2Q%
EPS Next Y5.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)54.05%
Revenue growth 3Y0.49%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y