MERCIALYS (MERY.PA) Stock Fundamental Analysis
EPA:MERY - Euronext Paris - Matif - FR0010241638 - REIT - Currency: EUR
MERY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Diversified REITs industry. MERY has an average financial health and profitability rating. MERY has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MERY had positive earnings in the past year.
MERY had a positive operating cash flow in the past year.
MERY had positive earnings in each of the past 5 years.
In the past 5 years MERY always reported a positive cash flow from operatings.
1.2 Ratios
MERY's Return On Assets of 2.49% is in line compared to the rest of the industry. MERY outperforms 55.00% of its industry peers.
MERY has a better Return On Equity (8.52%) than 75.00% of its industry peers.
With a Return On Invested Capital value of 3.66%, MERY perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
MERY had an Average Return On Invested Capital over the past 3 years of 4.41%. This is in line with the industry average of 3.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.52% | ||
| ROIC | 3.66% |
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 (29.94%) is comparable to the rest of the industry.
MERY's Profit Margin has declined in the last couple of years.
The Operating Margin of MERY (56.89%) is worse than 70.00% of its industry peers.
In the last couple of years the Operating Margin of MERY has declined.
MERY has a Gross Margin of 95.98%. This is amongst the best in the industry. MERY outperforms 87.50% of its industry peers.
In the last couple of years the Gross Margin of MERY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.89% | ||
| PM (TTM) | 29.94% | ||
| GM | 95.98% |
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
MERY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
MERY has an Altman-Z score of 0.80. This is a bad value and indicates that MERY is not financially healthy and even has some risk of bankruptcy.
MERY's Altman-Z score of 0.80 is on the low side compared to the rest of the industry. MERY is outperformed by 65.00% of its industry peers.
The Debt to FCF ratio of MERY is 8.17, which is on the high side as it means it would take MERY, 8.17 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 8.17, MERY belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
MERY has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MERY (1.99) is worse than 92.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 8.17 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.67
WACC5.43%
2.3 Liquidity
MERY has a Current Ratio of 3.07. This indicates that MERY is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.07, MERY belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
MERY has a Quick Ratio of 3.07. This indicates that MERY is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.07, MERY belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 |
3. Growth
3.1 Past
MERY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.08%.
Measured over the past years, MERY shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.10% on average per year.
Looking at the last year, MERY shows a very negative growth in Revenue. The Revenue has decreased by -32.55% in the last year.
The Revenue has been decreasing by -1.32% on average over the past years.
EPS 1Y (TTM)-36.08%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-67.11%
Revenue 1Y (TTM)-32.55%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-50.58%
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 3.99% on average per year.
Based on estimates for the next years, MERY will show a small growth in Revenue. The Revenue will grow by 2.15% on average per year.
EPS Next Y12.32%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPS Next 5YN/A
Revenue Next Year1.71%
Revenue Next 2Y2.26%
Revenue Next 3Y2.15%
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.
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 18.66, which indicates a rather expensive current valuation of MERY.
MERY's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of MERY to the average of the S&P500 Index (27.30), we can say MERY is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 8.55, the valuation of MERY can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MERY indicates a rather cheap valuation: MERY is cheaper than 87.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, MERY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 8.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MERY is valued a bit cheaper than 65.00% of the companies in the same industry.
MERY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MERY is cheaper than 95.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.29 | ||
| EV/EBITDA | 15.95 |
4.3 Compensation for Growth
MERY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.51
PEG (5Y)N/A
EPS Next 2Y6.22%
EPS Next 3Y3.99%
5. Dividend
5.1 Amount
MERY has a Yearly Dividend Yield of 9.29%, which is a nice return.
MERY's Dividend Yield is rather good when compared to the industry average which is at 5.54. MERY pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, MERY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.29% |
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
172.33% of the earnings are spent on dividend by MERY. This is not a sustainable payout ratio.
DP172.33%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPA:MERY (7/9/2025, 3:35:00 PM)
10.82
+0.08 (+0.74%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners44.2%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap1.02B
Analysts75.71
Price Target12.76 (17.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.29% |
Yearly Dividend0.99
Dividend Growth(5Y)-1.82%
DP172.33%
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)1.01%
PT rev (3m)2.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 8.55 | ||
| P/S | 5.66 | ||
| P/FCF | 6.29 | ||
| P/OCF | 6.29 | ||
| P/B | 1.61 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 15.95 |
EPS(TTM)0.58
EY5.36%
EPS(NY)1.26
Fwd EY11.69%
FCF(TTM)1.72
FCFY15.9%
OCF(TTM)1.72
OCFY15.9%
SpS1.91
BVpS6.72
TBVpS6.68
PEG (NY)1.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.52% | ||
| ROCE | 4.99% | ||
| ROIC | 3.66% | ||
| ROICexc | 4.07% | ||
| ROICexgc | 4.08% | ||
| OM | 56.89% | ||
| PM (TTM) | 29.94% | ||
| GM | 95.98% | ||
| FCFM | 89.97% |
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-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 8.17 | ||
| Debt/EBITDA | 9.45 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.73 | ||
| Cash Conversion | 121.28% | ||
| Profit Quality | 300.48% | ||
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 | ||
| Altman-Z | 0.8 |
F-Score6
WACC5.43%
ROIC/WACC0.67
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)-36.08%
EPS 3Y-4.95%
EPS 5Y-10.1%
EPS Q2Q%-67.11%
EPS Next Y12.32%
EPS Next 2Y6.22%
EPS Next 3Y3.99%
EPS Next 5YN/A
Revenue 1Y (TTM)-32.55%
Revenue growth 3Y1.39%
Revenue growth 5Y-1.32%
Sales Q2Q%-50.58%
Revenue Next Year1.71%
Revenue Next 2Y2.26%
Revenue Next 3Y2.15%
Revenue Next 5YN/A
EBIT growth 1Y-17.42%
EBIT growth 3Y0.95%
EBIT growth 5Y-2.84%
EBIT Next Year32.15%
EBIT Next 3Y11.4%
EBIT Next 5YN/A
FCF growth 1Y20.31%
FCF growth 3Y5.97%
FCF growth 5Y0.83%
OCF growth 1Y20.31%
OCF growth 3Y5.97%
OCF growth 5Y0.83%