MERSEN (MRN.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:MRN - FR0000039620 - Common Stock
24.65 EUR
+0.2 (+0.82%)
Taking everything into account, MRN scores 5 out of 10 in our fundamental rating. MRN was compared to 73 industry peers in the Electrical Equipment industry. There are concerns on the financial health of MRN while its profitability can be described as average. MRN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year MRN was profitable.
- In the past year MRN had a positive cash flow from operations.
- MRN had positive earnings in 4 of the past 5 years.
- In the past 5 years MRN always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 2.71%, MRN perfoms like the industry average, outperforming 58.90% of the companies in the same industry.
- The Return On Equity of MRN (6.25%) is comparable to the rest of the industry.
- MRN has a Return On Invested Capital of 6.57%. This is in the better half of the industry: MRN outperforms 65.75% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MRN is in line with the industry average of 9.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 6.25% | ||
| ROIC | 6.57% |
ROA(3y)4.43%
ROA(5y)3.3%
ROE(3y)9.18%
ROE(5y)6.84%
ROIC(3y)7.82%
ROIC(5y)7.1%
1.3 Margins
- With a decent Profit Margin value of 4.02%, MRN is doing good in the industry, outperforming 63.01% of the companies in the same industry.
- In the last couple of years the Profit Margin of MRN has declined.
- MRN has a better Operating Margin (9.66%) than 76.71% of its industry peers.
- MRN's Operating Margin has been stable in the last couple of years.
- The Gross Margin of MRN (29.63%) is worse than 63.01% of its industry peers.
- MRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.66% | ||
| PM (TTM) | 4.02% | ||
| GM | 29.63% |
OM growth 3Y1.63%
OM growth 5Y-0.4%
PM growth 3Y-6.98%
PM growth 5Y-4.68%
GM growth 3Y-0.41%
GM growth 5Y-0.36%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MRN is creating some value.
- MRN has more shares outstanding than it did 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 1.97. 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 1.97 is in line compared to the rest of the industry. MRN outperforms 46.58% of its industry peers.
- The Debt to FCF ratio of MRN is 33.11, which is on the high side as it means it would take MRN, 33.11 years of fcf income to pay off all of its debts.
- With a Debt to FCF ratio value of 33.11, MRN perfoms like the industry average, outperforming 45.21% of the companies in the same industry.
- A Debt/Equity ratio of 0.57 indicates that MRN is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.57, MRN is in line with its industry, outperforming 45.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 33.11 | ||
| Altman-Z | 1.97 |
ROIC/WACC0.84
WACC7.81%
2.3 Liquidity
- A Current Ratio of 1.39 indicates that MRN should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.39, MRN perfoms like the industry average, outperforming 49.32% of the companies in the same industry.
- A Quick Ratio of 0.81 indicates that MRN may have some problems paying its short term obligations.
- MRN's Quick ratio of 0.81 is in line compared to the rest of the industry. MRN outperforms 46.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
- The earnings per share for MRN have decreased strongly by -35.55% in the last year.
- The Earnings Per Share has been decreasing by -1.64% on average over the past years.
- MRN shows a small growth in Revenue. In the last year, the Revenue has grown by 0.23%.
- The Revenue has been growing slightly by 5.53% on average over the past years.
EPS 1Y (TTM)-35.55%
EPS 3Y-1.43%
EPS 5Y-1.64%
EPS Q2Q%-24.55%
Revenue 1Y (TTM)0.23%
Revenue growth 3Y10.46%
Revenue growth 5Y5.53%
Sales Q2Q%-2.18%
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 22.45% on average per year.
- MRN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.90% yearly.
EPS Next Y-12.59%
EPS Next 2Y2.13%
EPS Next 3Y6.83%
EPS Next 5Y22.45%
Revenue Next Year-3.74%
Revenue Next 2Y0.12%
Revenue Next 3Y2.23%
Revenue Next 5Y10.9%
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
- Based on the Price/Earnings ratio of 12.39, the valuation of MRN can be described as correct.
- Based on the Price/Earnings ratio, MRN is valued cheaper than 90.41% of the companies in the same industry.
- When comparing the Price/Earnings ratio of MRN to the average of the S&P500 Index (26.94), we can say MRN is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 8.27, the valuation of MRN can be described as reasonable.
- 87.67% of the companies in the same industry are more expensive than MRN, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, MRN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.39 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
- 90.41% of the companies in the same industry are more expensive than MRN, based on the Enterprise Value to EBITDA ratio.
- 61.64% of the companies in the same industry are more expensive than MRN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.71 | ||
| EV/EBITDA | 5.15 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.13%
EPS Next 3Y6.83%
5. Dividend
5.1 Amount
- MRN has a Yearly Dividend Yield of 3.61%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.82, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
5.2 History
- The dividend of MRN has a limited annual growth rate of 4.49%.
Dividend Growth(5Y)4.49%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- MRN pays out 62.63% of its income as dividend. This is not a sustainable payout ratio.
- MRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.63%
EPS Next 2Y2.13%
EPS Next 3Y6.83%
EPA:MRN (1/21/2026, 9:13:48 AM)
24.65
+0.2 (+0.82%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)10-23 2025-10-23
Earnings (Next)01-28 2026-01-28/amc
Inst Owners58.42%
Inst Owner ChangeN/A
Ins Owners0.29%
Ins Owner ChangeN/A
Market Cap601.95M
Revenue(TTM)1.23B
Net Income(TTM)49.50M
Analysts80
Price Target29.23 (18.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
Yearly Dividend1.27
Dividend Growth(5Y)4.49%
DP62.63%
Div Incr Years0
Div Non Decr Years3
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)-1.31%
PT rev (3m)-3.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.26%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.39 | ||
| Fwd PE | 8.27 | ||
| P/S | 0.49 | ||
| P/FCF | 32.71 | ||
| P/OCF | 2.77 | ||
| P/B | 0.76 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | 5.15 |
EPS(TTM)1.99
EY8.07%
EPS(NY)2.98
Fwd EY12.09%
FCF(TTM)0.75
FCFY3.06%
OCF(TTM)8.91
OCFY36.17%
SpS50.37
BVpS32.44
TBVpS18.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number38.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 6.25% | ||
| ROCE | 8.79% | ||
| ROIC | 6.57% | ||
| ROICexc | 7.51% | ||
| ROICexgc | 10.64% | ||
| OM | 9.66% | ||
| PM (TTM) | 4.02% | ||
| GM | 29.63% | ||
| FCFM | 1.5% |
ROA(3y)4.43%
ROA(5y)3.3%
ROE(3y)9.18%
ROE(5y)6.84%
ROIC(3y)7.82%
ROIC(5y)7.1%
ROICexc(3y)8.35%
ROICexc(5y)7.71%
ROICexgc(3y)11.56%
ROICexgc(5y)11.01%
ROCE(3y)10.7%
ROCE(5y)9.74%
ROICexgc growth 3Y-0.83%
ROICexgc growth 5Y-3.01%
ROICexc growth 3Y1.22%
ROICexc growth 5Y-1.49%
OM growth 3Y1.63%
OM growth 5Y-0.4%
PM growth 3Y-6.98%
PM growth 5Y-4.68%
GM growth 3Y-0.41%
GM growth 5Y-0.36%
F-Score4
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 33.11 | ||
| Debt/EBITDA | 2.28 | ||
| Cap/Depr | 252.28% | ||
| Cap/Sales | 16.2% | ||
| Interest Coverage | 5.58 | ||
| Cash Conversion | 110.06% | ||
| Profit Quality | 37.17% | ||
| Current Ratio | 1.39 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 1.97 |
F-Score4
WACC7.81%
ROIC/WACC0.84
Cap/Depr(3y)237.61%
Cap/Depr(5y)200.5%
Cap/Sales(3y)14.05%
Cap/Sales(5y)11.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-35.55%
EPS 3Y-1.43%
EPS 5Y-1.64%
EPS Q2Q%-24.55%
EPS Next Y-12.59%
EPS Next 2Y2.13%
EPS Next 3Y6.83%
EPS Next 5Y22.45%
Revenue 1Y (TTM)0.23%
Revenue growth 3Y10.46%
Revenue growth 5Y5.53%
Sales Q2Q%-2.18%
Revenue Next Year-3.74%
Revenue Next 2Y0.12%
Revenue Next 3Y2.23%
Revenue Next 5Y10.9%
EBIT growth 1Y-14.22%
EBIT growth 3Y12.26%
EBIT growth 5Y5.11%
EBIT Next Year70.78%
EBIT Next 3Y27.01%
EBIT Next 5Y29.42%
FCF growth 1Y187.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y56.17%
OCF growth 3Y18.43%
OCF growth 5Y9.52%
MERSEN / MRN.PA FAQ
Can you provide the ChartMill fundamental rating for MERSEN?
ChartMill assigns a fundamental rating of 5 / 10 to MRN.PA.
What is the valuation status for MRN stock?
ChartMill assigns a valuation rating of 6 / 10 to MERSEN (MRN.PA). This can be considered as Fairly Valued.
What is the profitability of MRN stock?
MERSEN (MRN.PA) has a profitability rating of 5 / 10.
How financially healthy is MERSEN?
The financial health rating of MERSEN (MRN.PA) is 3 / 10.
What is the earnings growth outlook for MERSEN?
The Earnings per Share (EPS) of MERSEN (MRN.PA) is expected to decline by -12.59% in the next year.