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MERCIALYS (MERY.PA) Stock Fundamental Analysis

EPA:MERY - Euronext Paris - Matif - FR0010241638 - REIT - Currency: EUR

10.86  0 (0%)

Fundamental Rating

5

Taking everything into account, MERY scores 5 out of 10 in our fundamental rating. MERY was compared to 42 industry peers in the Diversified REITs industry. MERY has only an average score on both its financial health and profitability. MERY has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

5

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.
Each year in the past 5 years MERY had a positive operating cash flow.
MERY.PA Yearly Net Income VS EBIT VS OCF VS FCFMERY.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

MERY has a Return On Assets (2.49%) which is in line with its industry peers.
MERY has a Return On Equity of 8.52%. This is in the better half of the industry: MERY outperforms 76.19% of its industry peers.
MERY has a Return On Invested Capital of 3.66%. This is in the better half of the industry: MERY outperforms 61.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MERY is in line with the industry average of 3.57%.
Industry RankSector 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%
MERY.PA Yearly ROA, ROE, ROICMERY.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 29.94%, MERY is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of MERY has declined.
MERY has a worse Operating Margin (56.89%) than 66.67% 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 88.10% of its industry peers.
MERY's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
MERY.PA Yearly Profit, Operating, Gross MarginsMERY.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

5

2. Health

2.1 Basic Checks

MERY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
MERY.PA Yearly Shares OutstandingMERY.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
MERY.PA Yearly Total Debt VS Total AssetsMERY.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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 has a worse Altman-Z score (0.80) than 64.29% 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 90.48% 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 90.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 8.17
Altman-Z 0.8
ROIC/WACC0.67
WACC5.45%
MERY.PA Yearly LT Debt VS Equity VS FCFMERY.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

MERY has a Current Ratio of 3.07. This indicates that MERY is financially healthy and has no problem in meeting its short term obligations.
MERY has a better Current ratio (3.07) than 95.24% of its industry peers.
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 97.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.07
Quick Ratio 3.07
MERY.PA Yearly Current Assets VS Current LiabilitesMERY.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

3

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
The Revenue for MERY has decreased by -32.55% in the past year. This is quite bad
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

MERY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.99% yearly.
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.
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.
MERY.PA Yearly Revenue VS EstimatesMERY.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
MERY.PA Yearly EPS VS EstimatesMERY.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 18.72, MERY is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of MERY is on the same level as its industry peers.
MERY is valuated rather cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
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 88.10% of the companies in the same industry.
MERY is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.33, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.72
Fwd PE 8.59
MERY.PA Price Earnings VS Forward Price EarningsMERY.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MERY indicates a somewhat cheap valuation: MERY is cheaper than 66.67% of the companies listed 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 95.24% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.31
EV/EBITDA 16.03
MERY.PA Per share dataMERY.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

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

5. Dividend

5.1 Amount

MERY has a Yearly Dividend Yield of 9.17%, which is a nice return.
MERY's Dividend Yield is rather good when compared to the industry average which is at 5.56. MERY pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, MERY pays a better dividend.
Industry RankSector 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
MERY.PA Yearly Dividends per shareMERY.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

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%
MERY.PA Yearly Income VS Free CF VS DividendMERY.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MERY.PA Dividend Payout.MERY.PA Dividend Payout, showing the Payout Ratio.MERY.PA Dividend Payout.PayoutRetained Earnings

MERCIALYS

EPA:MERY (7/15/2025, 7:00:00 PM)

10.86

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-12 2025-02-12/amc
Earnings (Next)07-24 2025-07-24
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 RankSector 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)2.04%
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 RankSector 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 16.03
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 RankSector 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 RankSector 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%