MERCIALYS (MERY.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:MERY - FR0010241638 - REIT
10.73 EUR
+0.17 (+1.61%)
We assign a fundamental rating of 4 out of 10 to MERY. MERY was compared to 42 industry peers in the Diversified REITs industry. There are concerns on the financial health of MERY while its profitability can be described as average. MERY has a valuation in line with the averages, but it does not seem to be growing.
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.
- In the past 5 years MERY has always been profitable.
- Each year in the past 5 years MERY had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.28%, MERY is doing worse than 61.90% of the companies in the same industry.
- MERY's Return On Equity of 5.46% is in line compared to the rest of the industry. MERY outperforms 57.14% of its industry peers.
- MERY has a Return On Invested Capital of 2.81%. This is in the lower half of the industry: MERY underperforms 66.67% of its industry peers.
- MERY had an Average Return On Invested Capital over the past 3 years of 4.41%. This is in line with the industry average of 3.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 5.46% | ||
| ROIC | 2.81% |
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
- The Profit Margin of MERY (17.79%) is comparable to the rest of the industry.
- MERY's Profit Margin has declined in the last couple of years.
- The Operating Margin of MERY (43.31%) is worse than 73.81% of its industry peers.
- In the last couple of years the Operating Margin of MERY has declined.
- Looking at the Gross Margin, with a value of 95.26%, MERY belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- MERY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.31% | ||
| PM (TTM) | 17.79% | ||
| GM | 95.26% |
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.
- MERY has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MERY has more shares outstanding
- The debt/assets ratio for MERY is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.51, we must say that MERY is in the distress zone and has some risk of bankruptcy.
- MERY has a Altman-Z score of 0.51. This is in the lower half of the industry: MERY underperforms 76.19% of its industry peers.
- MERY has a debt to FCF ratio of 11.36. This is a negative value and a sign of low solvency as MERY would need 11.36 years to pay back of all of its debts.
- MERY has a Debt to FCF ratio of 11.36. This is comparable to the rest of the industry: MERY outperforms 59.52% of its industry peers.
- A Debt/Equity ratio of 2.29 is on the high side and indicates that MERY has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 2.29, MERY is doing worse than 95.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | 11.36 | ||
| Altman-Z | 0.51 |
ROIC/WACC0.51
WACC5.55%
2.3 Liquidity
- MERY has a Current Ratio of 1.11. This is a normal value and indicates that MERY is financially healthy and should not expect problems in meeting its short term obligations.
- MERY has a Current ratio of 1.11. This is amongst the best in the industry. MERY outperforms 83.33% of its industry peers.
- MERY has a Quick Ratio of 1.11. This is a normal value and indicates that MERY is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.11, MERY belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
- MERY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.87%.
- 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 -34.45% in the past year. This is quite bad
- The Revenue has been decreasing by -1.32% on average over the past years.
EPS 1Y (TTM)-64.87%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-61.58%
Revenue 1Y (TTM)-34.45%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-3.09%
3.2 Future
- MERY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.37% yearly.
- MERY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.89% yearly.
EPS Next Y-0.36%
EPS Next 2Y3.07%
EPS Next 3Y2.37%
EPS Next 5YN/A
Revenue Next Year1.94%
Revenue Next 2Y3.74%
Revenue Next 3Y2.89%
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 31.56 indicates a quite expensive valuation of MERY.
- Based on the Price/Earnings ratio, MERY is valued a bit more expensive than the industry average as 69.05% of the companies are valued more cheaply.
- MERY is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 8.97, which indicates a very decent valuation of MERY.
- Based on the Price/Forward Earnings ratio, MERY is valued cheaply inside the industry as 88.10% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, MERY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.56 | ||
| Fwd PE | 8.97 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MERY is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, MERY is valued cheaply inside the industry as 88.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.65 | ||
| EV/EBITDA | 16.77 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.07%
EPS Next 3Y2.37%
5. Dividend
5.1 Amount
- MERY has a Yearly Dividend Yield of 9.47%, which is a nice return.
- MERY's Dividend Yield is rather good when compared to the industry average which is at 5.42. MERY pays more dividend than 90.48% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.86, MERY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.47% |
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 297.27% of its income as dividend. This is not a sustainable payout ratio.
DP297.27%
EPS Next 2Y3.07%
EPS Next 3Y2.37%
EPA:MERY (1/22/2026, 11:17:10 AM)
10.73
+0.17 (+1.61%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-24 2025-07-24
Earnings (Next)02-17 2026-02-17/amc
Inst Owners43.52%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap1.01B
Revenue(TTM)176.71M
Net Income(TTM)31.44M
Analysts75.38
Price Target12.88 (20.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.47% |
Yearly Dividend0.99
Dividend Growth(5Y)-1.82%
DP297.27%
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)-0.49%
PT rev (3m)-0.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.56 | ||
| Fwd PE | 8.97 | ||
| P/S | 5.7 | ||
| P/FCF | 6.65 | ||
| P/OCF | 6.65 | ||
| P/B | 1.75 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 16.77 |
EPS(TTM)0.34
EY3.17%
EPS(NY)1.2
Fwd EY11.15%
FCF(TTM)1.61
FCFY15.05%
OCF(TTM)1.61
OCFY15.05%
SpS1.88
BVpS6.13
TBVpS5.88
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.28% | ||
| ROE | 5.46% | ||
| ROCE | 3.83% | ||
| ROIC | 2.81% | ||
| ROICexc | 3.61% | ||
| ROICexgc | 3.67% | ||
| OM | 43.31% | ||
| PM (TTM) | 17.79% | ||
| GM | 95.26% | ||
| FCFM | 85.79% |
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%
ROICexgc growth 3Y4.57%
ROICexgc 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-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | 11.36 | ||
| Debt/EBITDA | 9.75 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.3 | ||
| Cash Conversion | 111.91% | ||
| Profit Quality | 482.16% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 0.51 |
F-Score5
WACC5.55%
ROIC/WACC0.51
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)-64.87%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-61.58%
EPS Next Y-0.36%
EPS Next 2Y3.07%
EPS Next 3Y2.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-34.45%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-3.09%
Revenue Next Year1.94%
Revenue Next 2Y3.74%
Revenue Next 3Y2.89%
Revenue Next 5YN/A
EBIT growth 1Y-47.18%
EBIT growth 3Y0.95%
EBIT growth 5Y-2.84%
EBIT Next Year32.22%
EBIT Next 3Y12.32%
EBIT Next 5YN/A
FCF growth 1Y12.87%
FCF growth 3Y5.97%
FCF growth 5Y0.83%
OCF growth 1Y12.87%
OCF growth 3Y5.97%
OCF growth 5Y0.83%
MERCIALYS / MERY.PA FAQ
Can you provide the ChartMill fundamental rating for MERCIALYS?
ChartMill assigns a fundamental rating of 4 / 10 to MERY.PA.
What is the valuation status of MERCIALYS (MERY.PA) stock?
ChartMill assigns a valuation rating of 5 / 10 to MERCIALYS (MERY.PA). This can be considered as Fairly Valued.
Can you provide the profitability details for MERCIALYS?
MERCIALYS (MERY.PA) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for MERY stock?
The Price/Earnings (PE) ratio for MERCIALYS (MERY.PA) is 31.56 and the Price/Book (PB) ratio is 1.75.
How sustainable is the dividend of MERCIALYS (MERY.PA) stock?
The dividend rating of MERCIALYS (MERY.PA) is 5 / 10 and the dividend payout ratio is 297.27%.