MERCIALYS (MERY.PA) Stock Fundamental Analysis
Europe - EPA:MERY - FR0010241638 - REIT
10.66 EUR
-0.02 (-0.19%)
We assign a fundamental rating of 4 out of 10 to MERY. MERY was compared to 42 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 is valued correctly, but it does not seem to be growing.
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.
1.2 Ratios
MERY's Return On Assets of 1.28% is in line compared to the rest of the industry. MERY outperforms 40.48% of its industry peers.
The Return On Equity of MERY (5.46%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 2.81%, MERY is doing worse than 64.29% 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 3.40%.
| 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.
In the last couple of years the Profit Margin of MERY has declined.
MERY's Operating Margin of 43.31% is on the low side compared to the rest of the industry. MERY is outperformed by 73.81% of its industry peers.
MERY's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 95.26%, MERY belongs to the best of the industry, outperforming 90.48% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
MERY has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.52, we must say that MERY is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.52, MERY is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
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.
The Debt to FCF ratio of MERY (11.36) is comparable to the rest of the industry.
MERY has a Debt/Equity ratio of 2.29. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.29, MERY is doing worse than 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.29 | ||
| Debt/FCF | 11.36 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.51
WACC5.5%
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.
Looking at the Current ratio, with a value of 1.11, MERY belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
A Quick Ratio of 1.11 indicates that MERY should not have too much problems paying its short term obligations.
MERY has a better Quick ratio (1.11) than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for MERY have decreased strongly by -64.87% in the last year.
MERY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.10% yearly.
MERY shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -34.45%.
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
Based on estimates for the next years, MERY will show a small growth in Earnings Per Share. The EPS will grow by 3.71% on average per year.
The Revenue is expected to grow by 3.12% on average over the next years.
EPS Next Y8.44%
EPS Next 2Y5.25%
EPS Next 3Y3.71%
EPS Next 5YN/A
Revenue Next Year2.96%
Revenue Next 2Y4.09%
Revenue Next 3Y3.12%
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.
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
The Price/Earnings ratio is 31.35, which means the current valuation is very expensive for MERY.
66.67% of the companies in the same industry are cheaper than MERY, based on the Price/Earnings ratio.
MERY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.76.
A Price/Forward Earnings ratio of 8.55 indicates a reasonable valuation of MERY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MERY indicates a rather cheap valuation: MERY is cheaper than 85.71% of the companies listed in the same industry.
MERY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.35 | ||
| Fwd PE | 8.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued a bit cheaper than 64.29% of the companies in the same industry.
90.48% 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 | 6.6 | ||
| EV/EBITDA | 16.85 |
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)3.72
PEG (5Y)N/A
EPS Next 2Y5.25%
EPS Next 3Y3.71%
5. Dividend
5.1 Amount
MERY has a Yearly Dividend Yield of 9.06%, which is a nice return.
Compared to an average industry Dividend Yield of 5.55, MERY pays a better dividend. On top of this MERY pays more dividend than 97.62% 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 2.44.
| 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 297.27% of its income as dividend. This is not a sustainable payout ratio.
DP297.27%
EPS Next 2Y5.25%
EPS Next 3Y3.71%
EPA:MERY (10/8/2025, 2:17:51 PM)
10.66
-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 Owners42.43%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap1.00B
Analysts75.38
Price Target12.94 (21.39%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.06% |
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)1.4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.6%
EPS NY rev (3m)-3.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)1.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.35 | ||
| Fwd PE | 8.55 | ||
| P/S | 5.66 | ||
| P/FCF | 6.6 | ||
| P/OCF | 6.6 | ||
| P/B | 1.74 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 16.85 |
EPS(TTM)0.34
EY3.19%
EPS(NY)1.25
Fwd EY11.7%
FCF(TTM)1.61
FCFY15.15%
OCF(TTM)1.61
OCFY15.15%
SpS1.88
BVpS6.13
TBVpS5.88
PEG (NY)3.72
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
WACC5.5%
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 Y8.44%
EPS Next 2Y5.25%
EPS Next 3Y3.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-34.45%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-3.09%
Revenue Next Year2.96%
Revenue Next 2Y4.09%
Revenue Next 3Y3.12%
Revenue Next 5YN/A
EBIT growth 1Y-47.18%
EBIT growth 3Y0.95%
EBIT growth 5Y-2.84%
EBIT Next Year33.94%
EBIT Next 3Y12.64%
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%