CBE0 Stock Overview

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. More details

CBE0 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 75% below our estimate of its fair value

Earnings are forecast to grow 13.8% per year

Earnings have grown 20.5% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Shares are highly illiquid

Dividend of 6.26% is not well covered by free cash flows

My Notes

Capture your thoughts, links and company narrative

Mersen S.A. Competitors

SGL Carbon

XTRA:SGL

€484.8m

SFC Energy

XTRA:F3C

€289.6m

2G Energy

XTRA:2GB

€409.9m

OSRAM Licht

HMSE:OSR

€4.9b

Price History & Performance

Summary of share price highs, lows and changes for Mersen
Historical stock prices
Current Share Price	€4.68
52 Week High	€7.65
52 Week Low	€4.58
Beta	1.48
1 Month Change	0%
3 Month Change	-6.02%
1 Year Change	-31.18%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-29.62%

Recent updates

Shareholder Returns

	CBE0	DE Electrical	DE Market
7D	0%	0.02%	-2.0%
1Y	-31.2%	141.6%	6.8%

Return vs Industry: CBE0 underperformed the German Electrical industry which returned 139.8% over the past year.

Return vs Market: CBE0 underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is CBE0's price volatile compared to industry and market?
CBE0 volatility
CBE0 Average Weekly Movement	n/a
Electrical Industry Average Movement	5.6%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.4%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: CBE0's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine CBE0's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1889	7,372	Luc Themelin	www.mersen.com

Mersen S.A. manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. The company offers electrical protection and control products, such as IEC and UL/CSA low voltage general purpose fuses and fuse gears, high and medium voltage fuses, surge protection, lightning protection and power monitoring, and power transfer solutions for rail vehicles; and power management solutions, including high speed fuses, DC protection for electric vehicles and battery, cooling solutions, bus bars, and aluminum electrolytic and film capacitors. It also provides anticorrosion equipment comprising heat exchangers; process technologies; columns, reactors, and pressure vessels; PTFE or PFA bellows, pipes, elbows, and fittings; graphite bursting discs; corrosion resistant materials; and after-sales and maintenance of anticorrosion equipment, as well as graphite specialties, such as isostatic graphite and extruded graphite, carbon insulation, carbon/carbon composites, silicon carbide, and flexible graphite.

Mersen S.A. Fundamentals Summary

How do Mersen's earnings and revenue compare to its market cap?
CBE0 fundamental statistics
Market cap	€486.70m
Earnings (TTM)	€76.60m
Revenue (TTM)	€1.23b

6.4x

P/E Ratio

0.4x

P/S Ratio

Is CBE0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CBE0 income statement (TTM)
Revenue	€1.23b
Cost of Revenue	€833.40m
Gross Profit	€393.80m
Other Expenses	€317.20m
Earnings	€76.60m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Mar 13, 2025

Earnings per share (EPS)	3.14
Gross Margin	32.09%
Net Profit Margin	6.24%
Debt/Equity Ratio	45.6%

How did CBE0 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

40%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 13:37
End of Day Share Price	2024/10/22 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mersen S.A. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexandre Koller	Arkeon Finance
Arindam Basu	Barclays
Rupesh Madlani	Barclays