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MERSANA THERAPEUTICS INC (MRSN) Stock Fundamental Analysis

USA - NASDAQ:MRSN - US59045L2051 - Common Stock

8.28 USD
+0.28 (+3.5%)
Last: 10/3/2025, 6:18:03 PM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to MRSN. MRSN was compared to 536 industry peers in the Biotechnology industry. MRSN has a bad profitability rating. Also its financial health evaluation is rather negative. MRSN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

In the past year MRSN has reported negative net income.
In the past year MRSN has reported a negative cash flow from operations.
In the past 5 years MRSN always reported negative net income.
In the past 5 years MRSN always reported negative operating cash flow.
MRSN Yearly Net Income VS EBIT VS OCF VS FCFMRSN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M

1.2 Ratios

The Return On Assets of MRSN (-87.54%) is worse than 72.01% of its industry peers.
Industry RankSector Rank
ROA -87.54%
ROE N/A
ROIC N/A
ROA(3y)-61.62%
ROA(5y)-59.91%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MRSN Yearly ROA, ROE, ROICMRSN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500 -500

1.3 Margins

MRSN does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MRSN Yearly Profit, Operating, Gross MarginsMRSN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100K -200K -300K -400K

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2. Health

2.1 Basic Checks

MRSN does not have a ROIC to compare to the WACC, probably because it is not profitable.
MRSN has less shares outstanding than it did 1 year ago.
MRSN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MRSN is higher compared to a year ago.
MRSN Yearly Shares OutstandingMRSN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
MRSN Yearly Total Debt VS Total AssetsMRSN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

Based on the Altman-Z score of -17.55, we must say that MRSN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of MRSN (-17.55) is worse than 83.02% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -17.55
ROIC/WACCN/A
WACC12.17%
MRSN Yearly LT Debt VS Equity VS FCFMRSN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

2.3 Liquidity

MRSN has a Current Ratio of 1.35. This is a normal value and indicates that MRSN is financially healthy and should not expect problems in meeting its short term obligations.
MRSN has a Current ratio of 1.35. This is amonst the worse of the industry: MRSN underperforms 82.28% of its industry peers.
MRSN has a Quick Ratio of 1.35. This is a normal value and indicates that MRSN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MRSN (1.35) is worse than 81.53% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 1.35
MRSN Yearly Current Assets VS Current LiabilitesMRSN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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3. Growth

3.1 Past

The earnings per share for MRSN have decreased strongly by -161.54% in the last year.
The Revenue has grown by 16.13% in the past year. This is quite good.
The Revenue has been decreasing by -0.78% on average over the past years.
EPS 1Y (TTM)-161.54%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.6%
Revenue 1Y (TTM)16.13%
Revenue growth 3Y904.13%
Revenue growth 5Y-0.78%
Sales Q2Q%33.28%

3.2 Future

MRSN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.99% yearly.
The Revenue is expected to grow by 32.52% on average over the next years. This is a very strong growth
EPS Next Y12.56%
EPS Next 2Y-2.38%
EPS Next 3Y-1.03%
EPS Next 5Y7.99%
Revenue Next Year-18.41%
Revenue Next 2Y-20.28%
Revenue Next 3Y-28.78%
Revenue Next 5Y32.52%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MRSN Yearly Revenue VS EstimatesMRSN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 50M 100M 150M 200M
MRSN Yearly EPS VS EstimatesMRSN Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 50 -50

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4. Valuation

4.1 Price/Earnings Ratio

MRSN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for MRSN. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MRSN Price Earnings VS Forward Price EarningsMRSN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MRSN Per share dataMRSN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 -10 -15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.38%
EPS Next 3Y-1.03%

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5. Dividend

5.1 Amount

No dividends for MRSN!.
Industry RankSector Rank
Dividend Yield N/A

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MERSANA THERAPEUTICS INC

NASDAQ:MRSN (10/3/2025, 6:18:03 PM)

8.28

+0.28 (+3.5%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)08-13 2025-08-13/bmo
Earnings (Next)11-11 2025-11-11/bmo
Inst Owners61.93%
Inst Owner Change-10.24%
Ins Owners1.61%
Ins Owner Change0.01%
Market Cap41.32M
Analysts86.67
Price Target74.31 (797.46%)
Short Float %8.69%
Short Ratio0.84
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-8.78%
Min EPS beat(2)-21.54%
Max EPS beat(2)3.98%
EPS beat(4)3
Avg EPS beat(4)16.3%
Min EPS beat(4)-21.54%
Max EPS beat(4)49.71%
EPS beat(8)6
Avg EPS beat(8)11.95%
EPS beat(12)7
Avg EPS beat(12)-39.65%
EPS beat(16)8
Avg EPS beat(16)-35.45%
Revenue beat(2)0
Avg Revenue beat(2)-53.34%
Min Revenue beat(2)-53.77%
Max Revenue beat(2)-52.91%
Revenue beat(4)2
Avg Revenue beat(4)16.57%
Min Revenue beat(4)-53.77%
Max Revenue beat(4)108.93%
Revenue beat(8)3
Avg Revenue beat(8)-6.2%
Revenue beat(12)3
Avg Revenue beat(12)-18.12%
Revenue beat(16)5
Avg Revenue beat(16)-7.85%
PT rev (1m)-21.42%
PT rev (3m)1357.14%
EPS NQ rev (1m)-1.58%
EPS NQ rev (3m)-886.5%
EPS NY rev (1m)34.67%
EPS NY rev (3m)-1279.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)121.41%
Revenue NY rev (1m)0.85%
Revenue NY rev (3m)11.33%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.19
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-14.62
EYN/A
EPS(NY)-10.65
Fwd EYN/A
FCF(TTM)-15.98
FCFYN/A
OCF(TTM)-15.98
OCFYN/A
SpS6.97
BVpS-10.65
TBVpS-10.65
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -87.54%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-61.62%
ROA(5y)-59.91%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.35
Quick Ratio 1.35
Altman-Z -17.55
F-Score3
WACC12.17%
ROIC/WACCN/A
Cap/Depr(3y)129.19%
Cap/Depr(5y)101.94%
Cap/Sales(3y)4.83%
Cap/Sales(5y)339.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-161.54%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%2.6%
EPS Next Y12.56%
EPS Next 2Y-2.38%
EPS Next 3Y-1.03%
EPS Next 5Y7.99%
Revenue 1Y (TTM)16.13%
Revenue growth 3Y904.13%
Revenue growth 5Y-0.78%
Sales Q2Q%33.28%
Revenue Next Year-18.41%
Revenue Next 2Y-20.28%
Revenue Next 3Y-28.78%
Revenue Next 5Y32.52%
EBIT growth 1Y30.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-45.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y11.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y8.82%
OCF growth 3YN/A
OCF growth 5YN/A