MERCIALYS (MERY.PA) Stock Fundamental Analysis
EPA:MERY - Euronext Paris - Matif - FR0010241638 - REIT - Currency: EUR
We assign a fundamental rating of 5 out of 10 to MERY. MERY was compared to 41 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.
MERY had positive earnings in each of the past 5 years.
Each year in the past 5 years MERY had a positive operating cash flow.
1.2 Ratios
MERY has a Return On Assets of 2.49%. This is comparable to the rest of the industry: MERY outperforms 53.66% of its industry peers.
The Return On Equity of MERY (8.52%) is better than 73.17% of its industry peers.
With a decent Return On Invested Capital value of 3.66%, MERY is doing good in the industry, outperforming 60.98% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MERY is in line with the industry average of 3.55%.
| 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 has a Profit Margin (29.94%) which is in line with its industry peers.
MERY's Profit Margin has declined in the last couple of years.
The Operating Margin of MERY (56.89%) is worse than 68.29% of its industry peers.
In the last couple of years the Operating Margin of MERY has declined.
With an excellent Gross Margin value of 95.98%, MERY belongs to the best of the industry, outperforming 87.80% 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 | 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MERY is destroying value.
The number of shares outstanding for MERY has been reduced compared to 1 year ago.
The number of shares outstanding for MERY has been increased compared to 5 years ago.
Compared to 1 year ago, MERY has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.79, we must say that MERY is in the distress zone and has some risk of bankruptcy.
MERY's Altman-Z score of 0.79 is on the low side compared to the rest of the industry. MERY is outperformed by 65.85% 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.
With an excellent Debt to FCF ratio value of 8.17, MERY belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
A Debt/Equity ratio of 1.99 is on the high side and indicates that MERY has dependencies on debt financing.
The Debt to Equity ratio of MERY (1.99) is worse than 92.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 8.17 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.67
WACC5.44%
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 95.12% 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.
Looking at the Quick ratio, with a value of 3.07, MERY belongs to the top of the industry, outperforming 97.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 |
3. Growth
3.1 Past
The earnings per share for MERY have decreased strongly by -36.08% in the last year.
The earnings per share for MERY have been decreasing by -10.10% on average. This is quite bad
MERY shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -32.55%.
MERY shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.32% yearly.
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
Based on estimates for the next years, MERY will show a small growth in Earnings Per Share. The EPS will grow by 3.99% on average per year.
The Revenue is expected to grow by 2.15% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
MERY is valuated rather expensively with a Price/Earnings ratio of 18.31.
Compared to the rest of the industry, the Price/Earnings ratio of MERY is on the same level as its industry peers.
When comparing the Price/Earnings ratio of MERY to the average of the S&P500 Index (26.52), we can say MERY is valued slightly cheaper.
The Price/Forward Earnings ratio is 8.40, which indicates a very decent valuation of MERY.
MERY's Price/Forward Earnings ratio is rather cheap when compared to the industry. MERY is cheaper than 90.24% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MERY to the average of the S&P500 Index (22.25), we can say MERY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 8.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued a bit cheaper than 65.85% of the companies in the same industry.
97.56% of the companies in the same industry are more expensive than MERY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.17 | ||
| EV/EBITDA | 15.85 |
4.3 Compensation for Growth
MERY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.49
PEG (5Y)N/A
EPS Next 2Y6.22%
EPS Next 3Y3.99%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.06%, MERY is a good candidate for dividend investing.
MERY's Dividend Yield is rather good when compared to the industry average which is at 5.44. MERY pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, MERY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.06% |
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
MERY pays out 172.33% of its income as dividend. This is not a sustainable payout ratio.
DP172.33%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPA:MERY (6/6/2025, 7:00:00 PM)
10.62
+0.02 (+0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners43.83%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap997.11M
Analysts72.86
Price Target12.64 (19.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.06% |
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)1.02%
PT rev (3m)2.16%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)10.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 8.4 | ||
| P/S | 5.55 | ||
| P/FCF | 6.17 | ||
| P/OCF | 6.17 | ||
| P/B | 1.58 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 15.85 |
EPS(TTM)0.58
EY5.46%
EPS(NY)1.26
Fwd EY11.91%
FCF(TTM)1.72
FCFY16.2%
OCF(TTM)1.72
OCFY16.2%
SpS1.91
BVpS6.72
TBVpS6.68
PEG (NY)1.49
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 | 0.79 |
F-Score6
WACC5.44%
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%