View Future GrowthMersen 過去の業績過去 基準チェック /16Mersenは、平均年間14.1%の収益成長を遂げていますが、 Electrical業界の収益は、年間 成長しています。収益は、平均年間39.6% 7.9%収益成長率で 成長しています。 Mersenの自己資本利益率は1.6%であり、純利益率は1.2%です。主要情報14.12%収益成長率11.62%EPS成長率Electrical 業界の成長30.25%収益成長率7.94%株主資本利益率1.59%ネット・マージン1.19%次回の業績アップデート30 Jul 2026最近の業績更新お知らせ • Nov 26+ 1 more updateMersen S.A. to Report First Half, 2026 Results on Jul 30, 2026Mersen S.A. announced that they will report first half, 2026 results on Jul 30, 2026お知らせ • Dec 10+ 1 more updateMersen S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Mersen S.A. announced that they will report fiscal year 2024 results on Mar 13, 2025お知らせ • Oct 23Mersen S.A. to Report Fiscal Year 2024 Results on Jan 29, 2025Mersen S.A. announced that they will report fiscal year 2024 results After-Market on Jan 29, 2025Reported Earnings • Jul 31First half 2024 earnings releasedFirst half 2024 results: Revenue: €624.0m (up 2.7% from 1H 2023). Net income: €38.9m (down 11% from 1H 2023). Profit margin: 6.2% (down from 7.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany.Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.21b (up 8.6% from FY 2022). Net income: €81.6m (up 21% from FY 2022). Profit margin: 6.7% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany.お知らせ • Nov 09Mersen S.A. to Report First Half, 2024 Results on Jul 30, 2024Mersen S.A. announced that they will report first half, 2024 results on Jul 30, 2024すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €41.26, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the Electrical industry in Germany. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €48.93 per share.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Florence Lambert was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 16Terra Innovatum Global N.V. and Mersen Achieve Graphite Prototype Manufacturing and Validation Milestone to Support First Deployment of Solo Micro-ReactorTerra Innovatum Global N.V. and Mersen announced the successful production of a graphite reactor core prototype marking an important step in manufacturing readiness for its FOAK reactor deployment. The milestone highlights the companies’ collaboration in advancing next-generation nuclear technologies. It demonstrates also Terra Innovatum’s progress in converting supply chain preparation into manufacturing execution as it advances toward FOAK deployment and NOAK commercialization. The milestone builds on Terra Innovatum’s previously announced agreement with Mersen securing nuclear-grade graphite and procurement of critical materials required for SOLO FOAK deployment targeted for 2027 and NOAK commercialization beginning in 2028. Leveraging Mersen’s expertise in nuclear-grade materials, the companies successfully produced a graphite prototype (i.e. an engineering prototype) to support SOLO FOAK development. The graphite engineering prototype has been successfully manufactured to required tolerances, validating reactor system integration and readiness for scalable, serialized production. The development of this graphite engineering prototype represents a meaningful technical milestone in the realization of the SOLO reactor core. These components are designed to host critical systems and core elements that influence thermal performance, and overall system reliability. This work also establishes the procedures and quality standards required for repeatable manufacturing and scalable deployment. SOLO will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment.お知らせ • Apr 07Mersen S.A., Annual General Meeting, May 12, 2026Mersen S.A., Annual General Meeting, May 12, 2026. Location: 112 avenue kleber, paris Franceお知らせ • Mar 20Mersen S.A. announces Annual dividend, payable on July 09, 2026Mersen S.A. announced Annual dividend of EUR 0.9000 per share payable on July 09, 2026, ex-date on July 07, 2026 and record date on July 08, 2026.お知らせ • Nov 26+ 1 more updateMersen S.A. to Report First Half, 2026 Results on Jul 30, 2026Mersen S.A. announced that they will report first half, 2026 results on Jul 30, 2026お知らせ • Apr 08Mersen S.A. announces Annual dividend, payable on July 09, 2025Mersen S.A. announced Annual dividend of EUR 0.9000 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.お知らせ • Mar 14Mersen S.A., Annual General Meeting, May 16, 2025Mersen S.A., Annual General Meeting, May 16, 2025.お知らせ • Dec 10+ 1 more updateMersen S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Mersen S.A. announced that they will report fiscal year 2024 results on Mar 13, 2025お知らせ • Oct 23Mersen S.A. to Report Fiscal Year 2024 Results on Jan 29, 2025Mersen S.A. announced that they will report fiscal year 2024 results After-Market on Jan 29, 2025Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €23.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Electrical industry in Germany. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.41 per share.Reported Earnings • Jul 31First half 2024 earnings releasedFirst half 2024 results: Revenue: €624.0m (up 2.7% from 1H 2023). Net income: €38.9m (down 11% from 1H 2023). Profit margin: 6.2% (down from 7.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany.Declared Dividend • Mar 31Dividend of €1.25 announcedShareholders will receive a dividend of €1.25. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.21b (up 8.6% from FY 2022). Net income: €81.6m (up 21% from FY 2022). Profit margin: 6.7% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany.お知らせ • Feb 06Mersen S.A., Annual General Meeting, May 16, 2024Mersen S.A., Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time. Location: Trinity Tower Auditorium 1 Place de la Défense, 92400 Courbevoie, France Courbevoie FranceBoard Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Representative Director Emmanuel Blot was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 09Mersen S.A. to Report First Half, 2024 Results on Jul 30, 2024Mersen S.A. announced that they will report first half, 2024 results on Jul 30, 2024お知らせ • Sep 08Mersen S.A. to Report Fiscal Year 2023 Results on Mar 13, 2024Mersen S.A. announced that they will report fiscal year 2023 results Pre-Market on Mar 13, 2024Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.96 (vs €1.62 in 1H 2022)First half 2023 results: EPS: €1.96 (up from €1.62 in 1H 2022). Revenue: €607.7m (up 16% from 1H 2022). Net income: €43.9m (up 25% from 1H 2022). Profit margin: 7.2% (up from 6.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share). Shareholders have been diluted in the past year (17% increase in shares outstanding).Upcoming Dividend • Jun 27Upcoming dividend of €1.25 per share at 3.2% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.1%).Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.11b (up 21% from FY 2021). Net income: €67.7m (up 24% from FY 2021). Profit margin: 6.1% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in Germany.お知らせ • Nov 21+ 2 more updatesMersen S.A. to Report First Half, 2023 Results on Jul 28, 2023Mersen S.A. announced that they will report first half, 2023 results on Jul 28, 2023Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. CEO & Director Luc Themelin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €25.5m from profit in 1H 2021). Profit margin: (down from 5.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 6.0%, compared to a 16% growth forecast for the industry in Germany.Upcoming Dividend • Jun 28Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.1%).Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. CEO & Director Luc Themelin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 17Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €922.8m (up 8.9% from FY 2020). Net income: €54.4m (up €66.4m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.1%, compared to a 16% growth forecast for the industry in Germany.Reported Earnings • Aug 02First half 2021 earnings released: EPS €1.23 (vs €0.79 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €450.9m (up 4.9% from 1H 2020). Net income: €25.5m (up 56% from 1H 2020). Profit margin: 5.7% (up from 3.8% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Jun 29Upcoming dividend of €0.65 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 08 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.5%).Reported Earnings • Mar 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €847.2m (down 11% from FY 2019). Net loss: €12.0m (down 121% from profit in FY 2019).Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 4.6%, compared to a 15% growth forecast for the Electrical industry in Germany.Is New 90 Day High Low • Feb 24New 90-day high: €29.40The company is up 15% from its price of €25.50 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.29 per share.お知らせ • Feb 17Mersen SA (ENXTPA:MRN) acquired 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited for approximately €4 million.Mersen SA (ENXTPA:MRN) acquired 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited for approximately €4 million on February 15, 2021. The consideration is of approximately €4 million, excluding any future earn-out payments. Post completion, Mersen SA gains full control of Fusetech. Mersen SA (ENXTPA:MRN) completed the acquisition of 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited on February 15, 2021.Is New 90 Day High Low • Feb 06New 90-day high: €26.55The company is up 13% from its price of €23.55 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.41 per share.Is New 90 Day High Low • Jan 11New 90-day high: €26.20The company is up 1.0% from its price of €25.90 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.80 per share.お知らせ • Nov 05+ 2 more updatesMersen SA to Report Fiscal Year 2020 Results on Mar 11, 2021Mersen SA announced that they will report fiscal year 2020 results at 9:00 AM, Romance Standard Time on Mar 11, 2021Is New 90 Day High Low • Nov 01New 90-day low: €20.85The company is down 8.0% from its price of €22.55 on 03 August 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.44 per share.Valuation Update With 7 Day Price Move • Oct 31Market pulls back on stock over the past weekAfter last week's 17% share price decline to €20.85, the stock is trading at a trailing P/E ratio of 11.3x, down from the previous P/E ratio of 13.5x. This compares to an average P/E of 29x in the Electrical industry in Germany. Total return to shareholders over the past three years is a loss of 44%.お知らせ • Jul 30Mersen S.A. (ENXTPA:MRN) completed the acquisition of Gab Neumann GmbH from a family.Mersen S.A. (ENXTPA:MRN) signed a binding agreement to acquire Gab Neumann GmbH from a family on November 28, 2019. Post the acquisition, GAB Neumann's existing management and its entire team in Maulburg, Germany will continue to run and expand its business. GAB Neumann will become Mersen Group's competence center for the annular-groove technology and silicon carbide heat exchangers. Gab Neumann becomes part of the Advanced Materials segment of the Mersen Group. The transaction is subject to the approval of the German anti-trust authorities and expected to be finalized in early 2020. Heiko Wiechers, Andreas Lohbeck, Kai-Guido Schic, Carsten Domke, Rolf Hempel, Martin Mohr and Kai-Oliver Giesa of CMS Hasche Sigle PG v. RA u. STB mbH acted as legal advisors for Mersen. Mersen S.A. (ENXTPA:MRN) completed the acquisition of Gab Neumann GmbH from a family on February 28, 2020.収支内訳Mersen の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:CBE 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 251,18614240030 Sep 251,20832241030 Jun 251,23049243031 Mar 251,23754249031 Dec 241,24459254030 Sep 241,23568255030 Jun 241,22777255031 Mar 241,21979251031 Dec 231,21182246030 Sep 231,20579244030 Jun 231,19877242031 Mar 231,15772233031 Dec 221,11568224030 Sep 221,05566215030 Jun 2299664207031 Mar 2295959201031 Dec 2192354195030 Sep 2189526189030 Jun 21868-3182031 Mar 21858-7181031 Dec 20847-12180030 Jun 2089741192031 Mar 2092349194031 Dec 1995057196030 Jun 1993261195031 Mar 1990559192031 Dec 1887957190030 Sep 1885451185030 Jun 1883046181031 Mar 1882042180031 Dec 1780937179030 Sep 1779525178030 Jun 1778113176031 Mar 1777010174031 Dec 167597172030 Sep 167604172030 Jun 167612171031 Mar 167643172031 Dec 157685172030 Sep 1576313169030 Jun 15758201650質の高い収益: CBEには€52.8M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st December, 2025に影響を及ぼしています。利益率の向上: CBEの現在の純利益率 (1.2%)は、昨年(4.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: CBE過去 5 年間で収益を上げており、収益は年間14.1%増加しています。成長の加速: CBEは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: CBEは過去 1 年間で収益成長率がマイナス ( -76.1% ) となったため、 Electrical業界平均 ( 81.5% ) と比較することが困難です。株主資本利益率高いROE: CBEの 自己資本利益率 ( 1.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YCapital-goods 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/26 04:58終値2026/06/26 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Mersen S.A. 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関Arindam BasuBarclaysRupesh MadlaniBarclaysThomas JunghannsBerenberg14 その他のアナリストを表示
お知らせ • Nov 26+ 1 more updateMersen S.A. to Report First Half, 2026 Results on Jul 30, 2026Mersen S.A. announced that they will report first half, 2026 results on Jul 30, 2026
お知らせ • Dec 10+ 1 more updateMersen S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Mersen S.A. announced that they will report fiscal year 2024 results on Mar 13, 2025
お知らせ • Oct 23Mersen S.A. to Report Fiscal Year 2024 Results on Jan 29, 2025Mersen S.A. announced that they will report fiscal year 2024 results After-Market on Jan 29, 2025
Reported Earnings • Jul 31First half 2024 earnings releasedFirst half 2024 results: Revenue: €624.0m (up 2.7% from 1H 2023). Net income: €38.9m (down 11% from 1H 2023). Profit margin: 6.2% (down from 7.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany.
Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.21b (up 8.6% from FY 2022). Net income: €81.6m (up 21% from FY 2022). Profit margin: 6.7% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany.
お知らせ • Nov 09Mersen S.A. to Report First Half, 2024 Results on Jul 30, 2024Mersen S.A. announced that they will report first half, 2024 results on Jul 30, 2024
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €41.26, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the Electrical industry in Germany. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €48.93 per share.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Florence Lambert was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 16Terra Innovatum Global N.V. and Mersen Achieve Graphite Prototype Manufacturing and Validation Milestone to Support First Deployment of Solo Micro-ReactorTerra Innovatum Global N.V. and Mersen announced the successful production of a graphite reactor core prototype marking an important step in manufacturing readiness for its FOAK reactor deployment. The milestone highlights the companies’ collaboration in advancing next-generation nuclear technologies. It demonstrates also Terra Innovatum’s progress in converting supply chain preparation into manufacturing execution as it advances toward FOAK deployment and NOAK commercialization. The milestone builds on Terra Innovatum’s previously announced agreement with Mersen securing nuclear-grade graphite and procurement of critical materials required for SOLO FOAK deployment targeted for 2027 and NOAK commercialization beginning in 2028. Leveraging Mersen’s expertise in nuclear-grade materials, the companies successfully produced a graphite prototype (i.e. an engineering prototype) to support SOLO FOAK development. The graphite engineering prototype has been successfully manufactured to required tolerances, validating reactor system integration and readiness for scalable, serialized production. The development of this graphite engineering prototype represents a meaningful technical milestone in the realization of the SOLO reactor core. These components are designed to host critical systems and core elements that influence thermal performance, and overall system reliability. This work also establishes the procedures and quality standards required for repeatable manufacturing and scalable deployment. SOLO will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment.
お知らせ • Apr 07Mersen S.A., Annual General Meeting, May 12, 2026Mersen S.A., Annual General Meeting, May 12, 2026. Location: 112 avenue kleber, paris France
お知らせ • Mar 20Mersen S.A. announces Annual dividend, payable on July 09, 2026Mersen S.A. announced Annual dividend of EUR 0.9000 per share payable on July 09, 2026, ex-date on July 07, 2026 and record date on July 08, 2026.
お知らせ • Nov 26+ 1 more updateMersen S.A. to Report First Half, 2026 Results on Jul 30, 2026Mersen S.A. announced that they will report first half, 2026 results on Jul 30, 2026
お知らせ • Apr 08Mersen S.A. announces Annual dividend, payable on July 09, 2025Mersen S.A. announced Annual dividend of EUR 0.9000 per share payable on July 09, 2025, ex-date on July 07, 2025 and record date on July 08, 2025.
お知らせ • Mar 14Mersen S.A., Annual General Meeting, May 16, 2025Mersen S.A., Annual General Meeting, May 16, 2025.
お知らせ • Dec 10+ 1 more updateMersen S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Mersen S.A. announced that they will report fiscal year 2024 results on Mar 13, 2025
お知らせ • Oct 23Mersen S.A. to Report Fiscal Year 2024 Results on Jan 29, 2025Mersen S.A. announced that they will report fiscal year 2024 results After-Market on Jan 29, 2025
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €23.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Electrical industry in Germany. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.41 per share.
Reported Earnings • Jul 31First half 2024 earnings releasedFirst half 2024 results: Revenue: €624.0m (up 2.7% from 1H 2023). Net income: €38.9m (down 11% from 1H 2023). Profit margin: 6.2% (down from 7.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany.
Declared Dividend • Mar 31Dividend of €1.25 announcedShareholders will receive a dividend of €1.25. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 14Full year 2023 earnings releasedFull year 2023 results: Revenue: €1.21b (up 8.6% from FY 2022). Net income: €81.6m (up 21% from FY 2022). Profit margin: 6.7% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany.
お知らせ • Feb 06Mersen S.A., Annual General Meeting, May 16, 2024Mersen S.A., Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time. Location: Trinity Tower Auditorium 1 Place de la Défense, 92400 Courbevoie, France Courbevoie France
Board Change • Dec 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Representative Director Emmanuel Blot was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 09Mersen S.A. to Report First Half, 2024 Results on Jul 30, 2024Mersen S.A. announced that they will report first half, 2024 results on Jul 30, 2024
お知らせ • Sep 08Mersen S.A. to Report Fiscal Year 2023 Results on Mar 13, 2024Mersen S.A. announced that they will report fiscal year 2023 results Pre-Market on Mar 13, 2024
Reported Earnings • Jul 31First half 2023 earnings released: EPS: €1.96 (vs €1.62 in 1H 2022)First half 2023 results: EPS: €1.96 (up from €1.62 in 1H 2022). Revenue: €607.7m (up 16% from 1H 2022). Net income: €43.9m (up 25% from 1H 2022). Profit margin: 7.2% (up from 6.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share). Shareholders have been diluted in the past year (17% increase in shares outstanding).
Upcoming Dividend • Jun 27Upcoming dividend of €1.25 per share at 3.2% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.1%).
Reported Earnings • Mar 17Full year 2022 earnings releasedFull year 2022 results: Revenue: €1.11b (up 21% from FY 2021). Net income: €67.7m (up 24% from FY 2021). Profit margin: 6.1% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electrical industry in Germany.
お知らせ • Nov 21+ 2 more updatesMersen S.A. to Report First Half, 2023 Results on Jul 28, 2023Mersen S.A. announced that they will report first half, 2023 results on Jul 28, 2023
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. CEO & Director Luc Themelin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jul 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €25.5m from profit in 1H 2021). Profit margin: (down from 5.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 6.0%, compared to a 16% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 28Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.1%).
Board Change • Jun 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. CEO & Director Luc Themelin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 17Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €922.8m (up 8.9% from FY 2020). Net income: €54.4m (up €66.4m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.1%, compared to a 16% growth forecast for the industry in Germany.
Reported Earnings • Aug 02First half 2021 earnings released: EPS €1.23 (vs €0.79 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €450.9m (up 4.9% from 1H 2020). Net income: €25.5m (up 56% from 1H 2020). Profit margin: 5.7% (up from 3.8% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Jun 29Upcoming dividend of €0.65 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 08 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.5%).
Reported Earnings • Mar 13Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €847.2m (down 11% from FY 2019). Net loss: €12.0m (down 121% from profit in FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 13Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 4.6%, compared to a 15% growth forecast for the Electrical industry in Germany.
Is New 90 Day High Low • Feb 24New 90-day high: €29.40The company is up 15% from its price of €25.50 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.29 per share.
お知らせ • Feb 17Mersen SA (ENXTPA:MRN) acquired 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited for approximately €4 million.Mersen SA (ENXTPA:MRN) acquired 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited for approximately €4 million on February 15, 2021. The consideration is of approximately €4 million, excluding any future earn-out payments. Post completion, Mersen SA gains full control of Fusetech. Mersen SA (ENXTPA:MRN) completed the acquisition of 50% stake in Fusetech Elektrotechnikai Alkatresz Gyarto Es Kereskedelmi Korlatolt Felelossegu Tarsasag from Hager Uk Limited on February 15, 2021.
Is New 90 Day High Low • Feb 06New 90-day high: €26.55The company is up 13% from its price of €23.55 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 43% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.41 per share.
Is New 90 Day High Low • Jan 11New 90-day high: €26.20The company is up 1.0% from its price of €25.90 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.80 per share.
お知らせ • Nov 05+ 2 more updatesMersen SA to Report Fiscal Year 2020 Results on Mar 11, 2021Mersen SA announced that they will report fiscal year 2020 results at 9:00 AM, Romance Standard Time on Mar 11, 2021
Is New 90 Day High Low • Nov 01New 90-day low: €20.85The company is down 8.0% from its price of €22.55 on 03 August 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.44 per share.
Valuation Update With 7 Day Price Move • Oct 31Market pulls back on stock over the past weekAfter last week's 17% share price decline to €20.85, the stock is trading at a trailing P/E ratio of 11.3x, down from the previous P/E ratio of 13.5x. This compares to an average P/E of 29x in the Electrical industry in Germany. Total return to shareholders over the past three years is a loss of 44%.
お知らせ • Jul 30Mersen S.A. (ENXTPA:MRN) completed the acquisition of Gab Neumann GmbH from a family.Mersen S.A. (ENXTPA:MRN) signed a binding agreement to acquire Gab Neumann GmbH from a family on November 28, 2019. Post the acquisition, GAB Neumann's existing management and its entire team in Maulburg, Germany will continue to run and expand its business. GAB Neumann will become Mersen Group's competence center for the annular-groove technology and silicon carbide heat exchangers. Gab Neumann becomes part of the Advanced Materials segment of the Mersen Group. The transaction is subject to the approval of the German anti-trust authorities and expected to be finalized in early 2020. Heiko Wiechers, Andreas Lohbeck, Kai-Guido Schic, Carsten Domke, Rolf Hempel, Martin Mohr and Kai-Oliver Giesa of CMS Hasche Sigle PG v. RA u. STB mbH acted as legal advisors for Mersen. Mersen S.A. (ENXTPA:MRN) completed the acquisition of Gab Neumann GmbH from a family on February 28, 2020.