MERSEN (MRN.PA) Fundamental Analysis & Valuation
EPA:MRN • FR0000039620
Current stock price
25.82 EUR
+0.58 (+2.3%)
Last:
This MRN.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MRN.PA Profitability Analysis
1.1 Basic Checks
- MRN had positive earnings in the past year.
- MRN had a positive operating cash flow in the past year.
- Each year in the past 5 years MRN has been profitable.
- Each year in the past 5 years MRN had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 0.83%, MRN perfoms like the industry average, outperforming 50.68% of the companies in the same industry.
- The Return On Equity of MRN (1.80%) is comparable to the rest of the industry.
- MRN has a Return On Invested Capital (4.72%) which is in line with its industry peers.
- MRN had an Average Return On Invested Capital over the past 3 years of 5.55%. This is below the industry average of 9.59%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.8% | ||
| ROIC | 4.72% |
ROA(3y)3.14%
ROA(5y)3.67%
ROE(3y)6.36%
ROE(5y)7.67%
ROIC(3y)5.55%
ROIC(5y)5.57%
1.3 Margins
- MRN has a Profit Margin of 1.19%. This is comparable to the rest of the industry: MRN outperforms 50.68% of its industry peers.
- In the last couple of years the Profit Margin of MRN has declined.
- MRN has a Operating Margin of 9.19%. This is in the better half of the industry: MRN outperforms 75.34% of its industry peers.
- In the last couple of years the Operating Margin of MRN has grown nicely.
- MRN's Gross Margin of 29.64% is on the low side compared to the rest of the industry. MRN is outperformed by 61.64% of its industry peers.
- In the last couple of years the Gross Margin of MRN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.19% | ||
| PM (TTM) | 1.19% | ||
| GM | 29.64% |
OM growth 3Y-5.56%
OM growth 5Y2.56%
PM growth 3Y-41.94%
PM growth 5YN/A
GM growth 3Y-1.71%
GM growth 5Y-0.04%
2. MRN.PA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MRN is destroying value.
- The number of shares outstanding for MRN remains at a similar level compared to 1 year ago.
- MRN has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for MRN is higher compared to a year ago.
2.2 Solvency
- MRN has an Altman-Z score of 2.10. This is not the best score and indicates that MRN is in the grey zone with still only limited risk for bankruptcy at the moment.
- MRN's Altman-Z score of 2.10 is in line compared to the rest of the industry. MRN outperforms 53.42% of its industry peers.
- MRN has a debt to FCF ratio of 12.34. This is a negative value and a sign of low solvency as MRN would need 12.34 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 12.34, MRN perfoms like the industry average, outperforming 56.16% of the companies in the same industry.
- MRN has a Debt/Equity ratio of 0.56. This is a neutral value indicating MRN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.56, MRN is in line with its industry, outperforming 53.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 12.34 | ||
| Altman-Z | 2.1 |
ROIC/WACC0.68
WACC6.92%
2.3 Liquidity
- MRN has a Current Ratio of 1.47. This is a normal value and indicates that MRN is financially healthy and should not expect problems in meeting its short term obligations.
- With a Current ratio value of 1.47, MRN perfoms like the industry average, outperforming 53.42% of the companies in the same industry.
- MRN has a Quick Ratio of 1.47. This is a bad value and indicates that MRN is not financially healthy enough and could expect problems in meeting its short term obligations.
- MRN has a worse Quick ratio (0.79) than 65.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.79 |
3. MRN.PA Growth Analysis
3.1 Past
- The earnings per share for MRN have decreased strongly by -76.96% in the last year.
- The earnings per share for MRN have been decreasing by -43.08% on average. This is quite bad
- MRN shows a decrease in Revenue. In the last year, the revenue decreased by -4.60%.
- MRN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.97% yearly.
EPS 1Y (TTM)-76.96%
EPS 3Y-43.08%
EPS 5YN/A
EPS Q2Q%-178.55%
Revenue 1Y (TTM)-4.6%
Revenue growth 3Y2.1%
Revenue growth 5Y6.97%
Sales Q2Q%-7.04%
3.2 Future
- Based on estimates for the next years, MRN will show a very strong growth in Earnings Per Share. The EPS will grow by 28.36% on average per year.
- Based on estimates for the next years, MRN will show a quite strong growth in Revenue. The Revenue will grow by 13.29% on average per year.
EPS Next Y-3.62%
EPS Next 2Y8.79%
EPS Next 3Y12.14%
EPS Next 5Y28.36%
Revenue Next Year2.33%
Revenue Next 2Y3.96%
Revenue Next 3Y4.89%
Revenue Next 5Y13.29%
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. MRN.PA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 46.95, MRN can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Earnings ratio of MRN is on the same level as its industry peers.
- When comparing the Price/Earnings ratio of MRN to the average of the S&P500 Index (27.18), we can say MRN is valued expensively.
- A Price/Forward Earnings ratio of 10.82 indicates a reasonable valuation of MRN.
- Based on the Price/Forward Earnings ratio, MRN is valued cheaply inside the industry as 84.93% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 37.96, MRN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.95 | ||
| Fwd PE | 10.82 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MRN is valued cheaply inside the industry as 89.04% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, MRN is valued cheaper than 83.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.56 | ||
| EV/EBITDA | 5.55 |
4.3 Compensation for Growth
- MRN's earnings are expected to grow with 12.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.79%
EPS Next 3Y12.14%
5. MRN.PA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.64%, MRN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.88, MRN pays a better dividend. On top of this MRN pays more dividend than 94.52% of the companies listed in the same industry.
- MRN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
5.2 History
- The dividend of MRN is nicely growing with an annual growth rate of 198.40%!
Dividend Growth(5Y)198.4%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- MRN pays out 187.94% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of MRN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP187.94%
EPS Next 2Y8.79%
EPS Next 3Y12.14%
MRN.PA Fundamentals: All Metrics, Ratios and Statistics
EPA:MRN (4/13/2026, 7:00:00 PM)
25.82
+0.58 (+2.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-18 2026-03-18/amc
Earnings (Next)04-28 2026-04-28
Inst Owners56.64%
Inst Owner ChangeN/A
Ins Owners0.34%
Ins Owner ChangeN/A
Market Cap630.52M
Revenue(TTM)1.19B
Net Income(TTM)14.10M
Analysts80
Price Target29.23 (13.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
Yearly Dividend1.09
Dividend Growth(5Y)198.4%
DP187.94%
Div Incr Years0
Div Non Decr Years1
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)-2.05%
PT rev (3m)-1.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-16.96%
EPS NY rev (3m)-19.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.13%
Revenue NY rev (3m)-2.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.95 | ||
| Fwd PE | 10.82 | ||
| P/S | 0.53 | ||
| P/FCF | 14.56 | ||
| P/OCF | 3.39 | ||
| P/B | 0.81 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 5.55 |
EPS(TTM)0.55
EY2.13%
EPS(NY)2.39
Fwd EY9.24%
FCF(TTM)1.77
FCFY6.87%
OCF(TTM)7.62
OCFY29.5%
SpS48.58
BVpS32.06
TBVpS17.87
PEG (NY)N/A
PEG (5Y)N/A
Graham Number19.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 1.8% | ||
| ROCE | 8.23% | ||
| ROIC | 4.72% | ||
| ROICexc | 5.08% | ||
| ROICexgc | 7.06% | ||
| OM | 9.19% | ||
| PM (TTM) | 1.19% | ||
| GM | 29.64% | ||
| FCFM | 3.65% |
ROA(3y)3.14%
ROA(5y)3.67%
ROE(3y)6.36%
ROE(5y)7.67%
ROIC(3y)5.55%
ROIC(5y)5.57%
ROICexc(3y)5.89%
ROICexc(5y)5.97%
ROICexgc(3y)8.12%
ROICexgc(5y)8.37%
ROCE(3y)9.71%
ROCE(5y)9.89%
ROICexgc growth 3Y-8.81%
ROICexgc growth 5Y-1.09%
ROICexc growth 3Y-8.47%
ROICexc growth 5Y1.09%
OM growth 3Y-5.56%
OM growth 5Y2.56%
PM growth 3Y-41.94%
PM growth 5YN/A
GM growth 3Y-1.71%
GM growth 5Y-0.04%
F-Score6
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 12.34 | ||
| Debt/EBITDA | 2.3 | ||
| Cap/Depr | 175.52% | ||
| Cap/Sales | 12.03% | ||
| Interest Coverage | 5.19 | ||
| Cash Conversion | 97.74% | ||
| Profit Quality | 307.09% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 2.1 |
F-Score6
WACC6.92%
ROIC/WACC0.68
Cap/Depr(3y)250.88%
Cap/Depr(5y)211.56%
Cap/Sales(3y)14.97%
Cap/Sales(5y)12.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-76.96%
EPS 3Y-43.08%
EPS 5YN/A
EPS Q2Q%-178.55%
EPS Next Y-3.62%
EPS Next 2Y8.79%
EPS Next 3Y12.14%
EPS Next 5Y28.36%
Revenue 1Y (TTM)-4.6%
Revenue growth 3Y2.1%
Revenue growth 5Y6.97%
Sales Q2Q%-7.04%
Revenue Next Year2.33%
Revenue Next 2Y3.96%
Revenue Next 3Y4.89%
Revenue Next 5Y13.29%
EBIT growth 1Y-16.79%
EBIT growth 3Y-3.58%
EBIT growth 5Y9.7%
EBIT Next Year82.58%
EBIT Next 3Y31.12%
EBIT Next 5Y33.4%
FCF growth 1Y291.59%
FCF growth 3Y174.21%
FCF growth 5Y-8.92%
OCF growth 1Y-4.12%
OCF growth 3Y20.81%
OCF growth 5Y6.99%
MERSEN / MRN.PA Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for MERSEN?
ChartMill assigns a fundamental rating of 4 / 10 to MRN.PA.
Can you provide the valuation status for MERSEN?
ChartMill assigns a valuation rating of 5 / 10 to MERSEN (MRN.PA). This can be considered as Fairly Valued.
How profitable is MERSEN (MRN.PA) stock?
MERSEN (MRN.PA) has a profitability rating of 4 / 10.
What is the expected EPS growth for MERSEN (MRN.PA) stock?
The Earnings per Share (EPS) of MERSEN (MRN.PA) is expected to decline by -3.62% in the next year.
Can you provide the dividend sustainability for MRN stock?
The dividend rating of MERSEN (MRN.PA) is 5 / 10 and the dividend payout ratio is 187.94%.