MERCIALYS (MERY.PA) Stock Fundamental Analysis
Europe - EPA:MERY - FR0010241638 - REIT
10.8 EUR
-0.1 (-0.92%)
Taking everything into account, MERY scores 4 out of 10 in our fundamental rating. MERY was compared to 40 industry peers in the Diversified REITs industry. While MERY is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
Each year in the past 5 years MERY has been profitable.
MERY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MERY's Return On Assets of 1.28% is on the low side compared to the rest of the industry. MERY is outperformed by 60.00% of its industry peers.
Looking at the Return On Equity, with a value of 5.46%, MERY is in line with its industry, outperforming 55.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.81%, MERY is doing worse than 65.00% 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 3.43%.
| 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
Looking at the Profit Margin, with a value of 17.79%, MERY is in line with its industry, outperforming 42.50% of the companies in the same industry.
In the last couple of years the Profit Margin of MERY has declined.
With a Operating Margin value of 43.31%, MERY is not doing good in the industry: 77.50% of the companies in the same industry are doing better.
MERY's Operating Margin has declined in the last couple of years.
The Gross Margin of MERY (95.26%) is better than 90.00% 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 | 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
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.
The number of shares outstanding for MERY has been increased compared to 5 years ago.
MERY has a worse debt/assets ratio than last year.
2.2 Solvency
MERY has an Altman-Z score of 0.52. This is a bad value and indicates that MERY is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of MERY (0.52) is worse than 75.00% 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 (11.36) which is in line with its industry peers.
A Debt/Equity ratio of 2.29 is on the high side and indicates that MERY has dependencies on debt financing.
The Debt to Equity ratio of MERY (2.29) is worse than 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | 11.36 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.52
WACC5.43%
2.3 Liquidity
A Current Ratio of 1.11 indicates that MERY should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.11, MERY belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
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.
MERY has a better Quick ratio (1.11) than 82.50% of its industry peers.
| 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%.
MERY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.10% yearly.
Looking at the last year, MERY shows a very negative growth in Revenue. The Revenue has decreased by -34.45% in the last year.
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
The Earnings Per Share is expected to grow by 3.43% on average over the next years.
The Revenue is expected to grow by 3.02% on average over the next years.
EPS Next Y7.79%
EPS Next 2Y5.18%
EPS Next 3Y3.43%
EPS Next 5YN/A
Revenue Next Year2.64%
Revenue Next 2Y3.96%
Revenue Next 3Y3.02%
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 31.76 indicates a quite expensive valuation of MERY.
Based on the Price/Earnings ratio, MERY is valued a bit more expensive than 67.50% of the companies in the same industry.
When comparing the Price/Earnings ratio of MERY to the average of the S&P500 Index (27.20), we can say MERY is valued inline with the index average.
The Price/Forward Earnings ratio is 8.67, 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 85.00% of the companies in the same industry.
MERY is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.76 | ||
| Fwd PE | 8.67 |
4.2 Price Multiples
MERY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MERY is cheaper than 65.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MERY is valued cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.69 | ||
| EV/EBITDA | 17 |
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.
PEG (NY)4.08
PEG (5Y)N/A
EPS Next 2Y5.18%
EPS Next 3Y3.43%
5. Dividend
5.1 Amount
MERY has a Yearly Dividend Yield of 9.04%, which is a nice return.
Compared to an average industry Dividend Yield of 5.57, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
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 2Y5.18%
EPS Next 3Y3.43%
EPA:MERY (9/16/2025, 7:00:00 PM)
10.8
-0.1 (-0.92%)
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 Cap1.01B
Analysts75.71
Price Target12.94 (19.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
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%
PT rev (3m)3.47%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4.03%
EPS NY rev (3m)-4.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.76 | ||
| Fwd PE | 8.67 | ||
| P/S | 5.74 | ||
| P/FCF | 6.69 | ||
| P/OCF | 6.69 | ||
| P/B | 1.76 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 17 |
EPS(TTM)0.34
EY3.15%
EPS(NY)1.25
Fwd EY11.54%
FCF(TTM)1.61
FCFY14.95%
OCF(TTM)1.61
OCFY14.95%
SpS1.88
BVpS6.13
TBVpS5.88
PEG (NY)4.08
PEG (5Y)N/A
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%
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-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 | 0.52 |
F-Score5
WACC5.43%
ROIC/WACC0.52
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 Y7.79%
EPS Next 2Y5.18%
EPS Next 3Y3.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-34.45%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-3.09%
Revenue Next Year2.64%
Revenue Next 2Y3.96%
Revenue Next 3Y3.02%
Revenue Next 5YN/A
EBIT growth 1Y-47.18%
EBIT growth 3Y0.95%
EBIT growth 5Y-2.84%
EBIT Next Year32.15%
EBIT Next 3Y11.4%
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%