View ValuationMersen 향후 성장Future 기준 점검 3/6Mersen (는) 각각 연간 40.6% 및 4.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 40.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 9% 로 예상됩니다.핵심 정보40.6%이익 성장률40.44%EPS 성장률Electrical 이익 성장27.0%매출 성장률4.9%향후 자기자본이익률8.95%애널리스트 커버리지Low마지막 업데이트22 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard 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.공시 • 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.공시 • Apr 07Mersen S.A., Annual General Meeting, May 12, 2026Mersen S.A., Annual General Meeting, May 12, 2026. Location: 112 avenue kleber, paris France공시 • 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.공시 • 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, 2026공시 • 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.공시 • Mar 14Mersen S.A., Annual General Meeting, May 16, 2025Mersen S.A., Annual General Meeting, May 16, 2025.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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%.공시 • 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.이익 및 매출 성장 예측DB:CBE - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,3748083169312/31/20271,2987164160512/31/20261,2245638134512/31/20251,1861443186N/A9/30/20251,2083231202N/A6/30/20251,2304919218N/A3/31/20251,23754-2206N/A12/31/20241,24459-23194N/A9/30/20241,23568-19194N/A6/30/20241,22777-15195N/A3/31/20241,21979-11187N/A12/31/20231,21182-8179N/A9/30/20231,20579-1159N/A6/30/20231,198776139N/A3/31/20231,157724122N/A12/31/20221,115682106N/A9/30/20221,05566-891N/A6/30/202299664-1976N/A3/31/202295959396N/A12/31/20219235424117N/A9/30/20218952649131N/A6/30/2021868-374144N/A3/31/2021858-771138N/A12/31/2020847-1269133N/A6/30/20208974157132N/A3/31/20209234955127N/A12/31/20199505753123N/A6/30/201993261N/A100N/A3/31/201990559N/A95N/A12/31/201887957N/A91N/A9/30/201885451N/A79N/A6/30/201883046N/A66N/A3/31/201882042N/A65N/A12/31/201780937N/A64N/A9/30/201779525N/A66N/A6/30/201778113N/A68N/A3/31/201777010N/A74N/A12/31/20167597N/A81N/A9/30/20167604N/A77N/A6/30/20167612N/A73N/A3/31/20167643N/A60N/A12/31/20157685N/A47N/A9/30/201576313N/A51N/A6/30/201575820N/A55N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CBE 의 연간 예상 수익 증가율(40.6%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: CBE 의 연간 수익(40.6%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: CBE 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: CBE 의 수익(연간 4.9%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: CBE 의 수익(연간 4.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CBE의 자본 수익률은 3년 후 9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 09:49종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Mersen S.A.는 17명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Arindam BasuBarclaysRupesh MadlaniBarclaysThomas JunghannsBerenberg14명의 분석가 더 보기
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.
공시 • 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.
공시 • Apr 07Mersen S.A., Annual General Meeting, May 12, 2026Mersen S.A., Annual General Meeting, May 12, 2026. Location: 112 avenue kleber, paris France
공시 • 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.
공시 • 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
공시 • 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.
공시 • Mar 14Mersen S.A., Annual General Meeting, May 16, 2025Mersen S.A., Annual General Meeting, May 16, 2025.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%.
공시 • 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.