MERCIALYS (MERY.PA) Stock Fundamental Analysis
EPA:MERY - Euronext Paris - Matif - FR0010241638 - REIT - Currency: EUR
MERY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 industry peers in the Diversified REITs industry. MERY has an excellent profitability rating, but there are some minor concerns on its financial health. MERY is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, MERY could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year MERY was profitable.
In the past year MERY had a positive cash flow from operations.
Each year in the past 5 years MERY has been profitable.
Each year in the past 5 years MERY had a positive operating cash flow.
1.2 Ratios
MERY has a better Return On Assets (4.25%) than 85.00% of its industry peers.
Looking at the Return On Equity, with a value of 14.37%, MERY belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
MERY has a Return On Invested Capital of 5.34%. This is amongst the best in the industry. MERY outperforms 87.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MERY is in line with the industry average of 3.65%.
The 3 year average ROIC (4.23%) for MERY is below the current ROIC(5.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 14.37% | ||
| ROIC | 5.34% |
ROA(3y)2.31%
ROA(5y)2.75%
ROE(3y)7.4%
ROE(5y)9.66%
ROIC(3y)4.23%
ROIC(5y)4.6%
1.3 Margins
With a decent Profit Margin value of 33.25%, MERY is doing good in the industry, outperforming 70.00% of the companies in the same industry.
MERY's Profit Margin has declined in the last couple of years.
MERY has a worse Operating Margin (53.75%) than 72.50% of its industry peers.
MERY's Operating Margin has declined in the last couple of years.
The Gross Margin of MERY (95.83%) is better than 87.50% of its industry peers.
MERY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.75% | ||
| PM (TTM) | 33.25% | ||
| GM | 95.83% |
OM growth 3Y-15.98%
OM growth 5Y-10.78%
PM growth 3Y-15.06%
PM growth 5Y-7.03%
GM growth 3Y4.56%
GM growth 5Y0.5%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MERY is still creating some value.
MERY has about the same amout of shares outstanding than it did 1 year ago.
MERY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MERY has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.91, we must say that MERY is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.91, MERY is in line with its industry, outperforming 55.00% of the companies in the same industry.
The Debt to FCF ratio of MERY is 7.67, which is on the high side as it means it would take MERY, 7.67 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.67, MERY belongs to the top of the industry, outperforming 92.50% of the companies in the same industry.
MERY has a Debt/Equity ratio of 1.85. This is a high value indicating a heavy dependency on external financing.
MERY has a worse Debt to Equity ratio (1.85) than 97.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 7.67 | ||
| Altman-Z | 0.91 |
ROIC/WACC1.09
WACC4.9%
2.3 Liquidity
A Current Ratio of 2.38 indicates that MERY has no problem at all paying its short term obligations.
The Current ratio of MERY (2.38) is better than 97.50% of its industry peers.
MERY has a Quick Ratio of 2.38. This indicates that MERY is financially healthy and has no problem in meeting its short term obligations.
MERY has a better Quick ratio (2.38) than 97.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.38 | ||
| Quick Ratio | 2.38 |
3. Growth
3.1 Past
MERY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.12%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.32% on average over the past years.
Looking at the last year, MERY shows a very strong growth in Revenue. The Revenue has grown by 54.05%.
Measured over the past years, MERY shows a decrease in Revenue. The Revenue has been decreasing by -1.01% on average per year.
EPS 1Y (TTM)45.12%
EPS 3Y-15.36%
EPS 5Y-8.32%
EPS Q2Q%17.51%
Revenue 1Y (TTM)54.05%
Revenue growth 3Y0.49%
Revenue growth 5Y-1.01%
Sales Q2Q%3.85%
3.2 Future
The Earnings Per Share is expected to grow by 6.27% on average over the next years.
Based on estimates for the next years, MERY will show a small growth in Revenue. The Revenue will grow by 2.12% on average per year.
EPS Next Y10.4%
EPS Next 2Y7.52%
EPS Next 3Y6.27%
EPS Next 5YN/A
Revenue Next Year2.48%
Revenue Next 2Y2.36%
Revenue Next 3Y2.12%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
MERY is valuated reasonably with a Price/Earnings ratio of 11.15.
Compared to the rest of the industry, the Price/Earnings ratio of MERY indicates a somewhat cheap valuation: MERY is cheaper than 77.50% of the companies listed in the same industry.
MERY is valuated cheaply when we compare the Price/Earnings ratio to 28.58, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.07 indicates a reasonable valuation of MERY.
Based on the Price/Forward Earnings ratio, MERY is valued a bit cheaper than the industry average as 72.50% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 95.03. MERY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.15 | ||
| Fwd PE | 9.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued cheaper than 87.50% of the companies in the same industry.
100.00% 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 | 6.34 | ||
| EV/EBITDA | 11.12 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of MERY may justify a higher PE ratio.
PEG (NY)1.07
PEG (5Y)N/A
EPS Next 2Y7.52%
EPS Next 3Y6.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.46%, MERY is a good candidate for dividend investing.
MERY's Dividend Yield is rather good when compared to the industry average which is at 7.06. MERY pays more dividend than 90.00% of the companies in the same industry.
MERY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.46% |
5.2 History
The dividend of MERY decreases each year by -4.03%.
Dividend Growth(5Y)-4.03%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
MERY pays out 103.37% of its income as dividend. This is not a sustainable payout ratio.
DP103.37%
EPS Next 2Y7.52%
EPS Next 3Y6.27%
MERCIALYS
EPA:MERY (2/5/2025, 5:29:52 PM)
10.7
+0.15 (+1.42%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners44.24%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap1.00B
Analysts70
Price Target12.37 (15.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.46% |
Yearly Dividend0.96
Dividend Growth(5Y)-4.03%
DP103.37%
Div Incr Years3
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)-1.52%
PT rev (3m)-7.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.64%
EPS NY rev (3m)4.64%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.15 | ||
| Fwd PE | 9.07 | ||
| P/S | 3.73 | ||
| P/FCF | 6.34 | ||
| P/OCF | 6.34 | ||
| P/B | 1.61 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 11.12 |
EPS(TTM)0.96
EY8.97%
EPS(NY)1.18
Fwd EY11.02%
FCF(TTM)1.69
FCFY15.76%
OCF(TTM)1.69
OCFY15.76%
SpS2.87
BVpS6.64
TBVpS6.61
PEG (NY)1.07
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 14.37% | ||
| ROCE | 7.27% | ||
| ROIC | 5.34% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 5.6% | ||
| OM | 53.75% | ||
| PM (TTM) | 33.25% | ||
| GM | 95.83% | ||
| FCFM | 58.74% |
ROA(3y)2.31%
ROA(5y)2.75%
ROE(3y)7.4%
ROE(5y)9.66%
ROIC(3y)4.23%
ROIC(5y)4.6%
ROICexc(3y)4.68%
ROICexc(5y)5.15%
ROICexgc(3y)4.69%
ROICexgc(5y)5.16%
ROCE(3y)5.75%
ROCE(5y)6.26%
ROICexcg growth 3Y-16.87%
ROICexcg growth 5Y-13.42%
ROICexc growth 3Y-16.85%
ROICexc growth 5Y-13.42%
OM growth 3Y-15.98%
OM growth 5Y-10.78%
PM growth 3Y-15.06%
PM growth 5Y-7.03%
GM growth 3Y4.56%
GM growth 5Y0.5%
F-Score7
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 7.67 | ||
| Debt/EBITDA | 6.07 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.22 | ||
| Cash Conversion | 83.22% | ||
| Profit Quality | 176.67% | ||
| Current Ratio | 2.38 | ||
| Quick Ratio | 2.38 | ||
| Altman-Z | 0.91 |
F-Score7
WACC4.9%
ROIC/WACC1.09
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)272.74%
Profit Quality(5y)229.38%
High Growth Momentum
Growth
EPS 1Y (TTM)45.12%
EPS 3Y-15.36%
EPS 5Y-8.32%
EPS Q2Q%17.51%
EPS Next Y10.4%
EPS Next 2Y7.52%
EPS Next 3Y6.27%
EPS Next 5YN/A
Revenue 1Y (TTM)54.05%
Revenue growth 3Y0.49%
Revenue growth 5Y-1.01%
Sales Q2Q%3.85%
Revenue Next Year2.48%
Revenue Next 2Y2.36%
Revenue Next 3Y2.12%
Revenue Next 5YN/A
EBIT growth 1Y65.27%
EBIT growth 3Y-15.57%
EBIT growth 5Y-11.68%
EBIT Next Year26.35%
EBIT Next 3Y9.85%
EBIT Next 5YN/A
FCF growth 1Y0.38%
FCF growth 3Y-0.15%
FCF growth 5Y-4.17%
OCF growth 1Y0.38%
OCF growth 3Y-0.15%
OCF growth 5Y-4.17%