Loading...

Mercury Systems

DB:MCY
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCY
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Mercury Systems has significant price volatility in the past 3 months.
MCY Share Price and Events
7 Day Returns
-0.3%
DB:MCY
6.1%
Europe Aerospace & Defense
3%
DE Market
1 Year Returns
51.9%
DB:MCY
12.2%
Europe Aerospace & Defense
-12.1%
DE Market
MCY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mercury Systems (MCY) -0.3% 29.2% 26.8% 51.9% 261.8% 572.9%
Europe Aerospace & Defense 6.1% 11.5% 8.7% 12.2% 60.7% 66.1%
DE Market 3% 2.8% -0.7% -12.1% 11.8% 4.9%
1 Year Return vs Industry and Market
  • MCY outperformed the Aerospace & Defense industry which returned 12.2% over the past year.
  • MCY outperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
MCY
Industry
5yr Volatility vs Market

Value

 Is Mercury Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mercury Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mercury Systems.

DB:MCY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MCY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 21%) (7.7%))
0.793
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:MCY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mercury Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MCY DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 65.60 83.29 94.00 109.98 127.58
Source Analyst x5 Analyst x5 Analyst x2 Est @ 17%, capped from 23.11% Est @ 16%, capped from 23.11%
Present Value
Discounted (@ 8.05%)
60.71 71.34 74.53 80.70 86.64
Present value of next 5 years cash flows $373.93
DB:MCY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $127.58 × (1 + 0.23%) ÷ (8.05% – 0.23%)
$1,635.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,635.64 ÷ (1 + 8.05%)5
$1,110.84
DB:MCY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $373.93 + $1,110.84
$1,484.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,484.77 / 48.46
$26.24
DB:MCY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MCY represents 0.85652x of NasdaqGS:MRCY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85652x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 30.64 x 0.85652
€26.24
Value per share (EUR) From above. €26.24
Current discount Discount to share price of €55.10
= -1 x (€55.10 - €26.24) / €26.24
-110%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Mercury Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mercury Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mercury Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MCY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.72
NasdaqGS:MRCY Share Price ** NasdaqGS (2019-02-15) in USD $64.33
Europe Aerospace & Defense Industry PE Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 22.9x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mercury Systems.

DB:MCY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MRCY Share Price ÷ EPS (both in USD)

= 64.33 ÷ 0.72

89.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mercury Systems is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Mercury Systems is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Mercury Systems's expected growth come at a high price?
Raw Data
DB:MCY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 89.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
24.8%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.34x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:MCY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 89.69x ÷ 24.8%

3.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mercury Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Mercury Systems's assets?
Raw Data
DB:MCY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.85
NasdaqGS:MRCY Share Price * NasdaqGS (2019-02-15) in USD $64.33
Europe Aerospace & Defense Industry PB Ratio Median Figure of 42 Publicly-Listed Aerospace & Defense Companies 2.12x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
DB:MCY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MRCY Share Price ÷ Book Value per Share (both in USD)

= 64.33 ÷ 16.85

3.82x

* Primary Listing of Mercury Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mercury Systems is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Mercury Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Mercury Systems has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mercury Systems expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mercury Systems expected to grow at an attractive rate?
  • Mercury Systems's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mercury Systems's earnings growth is expected to exceed the Germany market average.
  • Mercury Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MCY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MCY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 24.8%
DB:MCY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 10.4%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MCY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MCY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 775 116 69 3
2020-06-30 706 109 58 8
2019-06-30 643 98 45 7
DB:MCY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 572 72 34
2018-09-30 531 55 30
2018-06-30 493 43 41
2018-03-31 456 27 40
2017-12-31 447 51 43
2017-09-30 427 57 39
2017-06-30 409 59 25
2017-03-31 378 63 24
2016-12-31 337 43 21
2016-09-30 299 41 21
2016-06-30 270 37 20
2016-03-31 249 36 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mercury Systems's earnings are expected to grow significantly at over 20% yearly.
  • Mercury Systems's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MCY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Mercury Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MCY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 1.36 1.44 1.27 2.00
2020-06-30 1.20 1.35 0.94 7.00
2019-06-30 0.94 0.99 0.88 7.00
DB:MCY Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.72
2018-09-30 0.65
2018-06-30 0.88
2018-03-31 0.85
2017-12-31 0.94
2017-09-30 0.89
2017-06-30 0.59
2017-03-31 0.59
2016-12-31 0.56
2016-09-30 0.58
2016-06-30 0.58
2016-03-31 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mercury Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mercury Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mercury Systems has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mercury Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mercury Systems's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mercury Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • Mercury Systems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mercury Systems's 1-year earnings growth is negative, it can't be compared to the Europe Aerospace & Defense industry average.
Earnings and Revenue History
Mercury Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mercury Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MCY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 572.35 33.66 99.14 61.02
2018-09-30 531.17 30.41 92.54 60.01
2018-06-30 493.18 40.88 88.37 58.81
2018-03-31 455.93 39.59 83.33 57.84
2017-12-31 446.91 42.94 81.42 57.02
2017-09-30 427.01 39.01 79.52 54.99
2017-06-30 408.59 24.88 76.49 54.09
2017-03-31 378.41 23.56 71.65 50.69
2016-12-31 336.99 20.87 65.11 44.67
2016-09-30 299.39 20.71 58.37 40.36
2016-06-30 270.15 19.74 52.95 36.39
2016-03-31 248.84 18.39 49.60 34.48
2015-12-31 242.52 18.72 48.75 34.42
2015-09-30 239.20 16.57 48.85 33.47
2015-06-30 234.85 14.43 49.01 36.54
2015-03-31 224.41 7.59 49.87 32.03
2014-12-31 218.22 2.62 50.39 32.09
2014-09-30 212.06 -1.05 51.65 34.33
2014-06-30 208.73 -4.07 53.69 35.69
2014-03-31 195.93 -5.95 52.37 35.09
2013-12-31 196.66 -4.89 53.92 34.43
2013-09-30 195.53 -8.89 54.55 31.88
2013-06-30 194.23 -13.78 54.76 32.60
2013-03-31 214.21 -5.52 56.90 36.07
2012-12-31 227.08 -1.06 58.20 40.02
2012-09-30 245.24 12.77 58.05 44.16
2012-06-30 237.07 22.32 55.63 45.98
2012-03-31 245.30 21.21 58.50 47.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mercury Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mercury Systems used its assets less efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Mercury Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mercury Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mercury Systems has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mercury Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mercury Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mercury Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mercury Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mercury Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mercury Systems Company Filings, last reported 1 month ago.

DB:MCY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 796.08 240.00 93.90
2018-09-30 776.62 240.00 72.87
2018-06-30 771.89 195.00 66.52
2018-03-31 755.80 195.00 44.22
2017-12-31 749.23 0.00 32.04
2017-09-30 734.27 0.00 26.07
2017-06-30 725.42 0.00 41.64
2017-03-31 711.38 186.14 270.24
2016-12-31 484.72 190.71 46.19
2016-09-30 474.54 190.25 77.31
2016-06-30 473.04 192.28 81.69
2016-03-31 367.74 0.00 84.25
2015-12-31 361.46 0.00 81.55
2015-09-30 352.63 0.00 79.07
2015-06-30 350.14 0.00 77.59
2015-03-31 340.67 0.00 66.52
2014-12-31 334.22 0.00 56.99
2014-09-30 330.44 0.00 48.88
2014-06-30 327.15 0.00 47.29
2014-03-31 332.26 0.00 45.71
2013-12-31 330.81 0.00 44.54
2013-09-30 329.22 0.00 40.11
2013-06-30 328.50 0.00 39.13
2013-03-31 328.42 0.00 35.15
2012-12-31 326.08 0.00 33.90
2012-09-30 328.55 0.00 30.57
2012-06-30 333.10 0.00 115.96
2012-03-31 325.10 0.00 114.85
  • Mercury Systems's level of debt (30.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 30.1% today).
  • Debt is well covered by operating cash flow (29.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess Mercury Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mercury Systems has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mercury Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mercury Systems dividends. Estimated to be 0% next year.
If you bought €2,000 of Mercury Systems shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mercury Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mercury Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MCY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MCY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 1.00
2020-06-30 0.00 2.00
2019-06-30 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mercury Systems has not reported any payouts.
  • Unable to verify if Mercury Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mercury Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mercury Systems has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Mercury Systems's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Mercury Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mercury Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mercury Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mercury Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Aslett
COMPENSATION $5,470,339
AGE 50
TENURE AS CEO 11.3 years
CEO Bio

Mr. Mark Aslett has been the President and Chief Executive Officer of Mercury Systems, Inc. (formerly, Mercury Computer Systems, Inc.) since November 19, 2007. Mr. Aslett joined Mercury in 2007. Mr. Aslett served as the Chief Executive Officer of Enterasys Networks, Inc., from February 2005 to April 25, 2006, Chief Operating Officer since July 28, 2004 to 2006 and also its President from April 2003 to April 25, 2006. He held various positions with Marconi plc and its affiliated companies, including Executive Vice President of Marketing and Vice President of Portfolio Management. He served as an Executive Vice President of Marketing for Marconi Networks from June 2001 to November 2002. From May 2000 to June 2001, he served as Managing Partner of Marconi Ventures LLC. He served as a Managing Partner at Marconi Ventures. He also served at Marconi Ventures, L.P. From September 1999 to May 2000, he served as Vice President of Portfolio Management and Development at Marconi Capital and Systems Group and from September 1998 to September 1999, he served as President of North America of Marconi Communications (formerly GEC Plessey Ltd.). Mr. Aslett has also held positions at GEC Plessey Telecommunications, as well as other telecommunications-related technology firms. His in-depth experience spans the technology industry, across a variety of markets that include telecommunications, data networking, security, defense and life sciences. Within these areas, he has held strategic-level positions or has been responsible for engineering, operations, marketing, business development, portfolio management and general executive management. He has been a Director of Mercury Commercial Electronics, Inc. since August 2012. He has been a Director of Mercury Systems, Inc. since 2007. Mr. Aslett served as a Director of Enterasys Networks, Inc. from July 28, 2004 to April 25, 2006. He served as a Director of Xcert International, Inc. Mr. Aslett has a Master's degree in Business Administration from the Harvard Business School and a First Class Honors Bachelor's degree in Digital Systems Engineering.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Mercury Systems management team in years:

2.8
Average Tenure
53.5
Average Age
  • The tenure for the Mercury Systems management team is about average.
Management Team

Mark Aslett

TITLE
President
COMPENSATION
$5M
AGE
50
TENURE
11.3 yrs

Mike Ruppert

TITLE
Executive VP
COMPENSATION
$3M
AGE
44
TENURE
1 yrs

Didier Thibaud

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
57
TENURE
3.1 yrs

Chris Cambria

TITLE
Executive VP
COMPENSATION
$1M
AGE
59
TENURE
2.5 yrs

Michelle McCarthy

TITLE
VP, Chief Accounting Officer & Controller
AGE
37
TENURE
1 yrs

Jamie Ryan

TITLE
Chief Information Officer & VP
AGE
59
TENURE
6.2 yrs

Bob McGrail

TITLE
Director of Corporate & Investor Communications
TENURE
4.3 yrs

Emma Woodthorpe

TITLE
Chief Human Resources Officer
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Mercury Systems board of directors in years:

9.1
Average Tenure
61
Average Age
  • The tenure for the Mercury Systems board of directors is about average.
Board of Directors

Vincent Vitto

TITLE
Chairman of the Board
COMPENSATION
$263K
AGE
77
TENURE
9.1 yrs

Mark Aslett

TITLE
President
COMPENSATION
$5M
AGE
50
TENURE
12.1 yrs

William O'Brien

TITLE
Director
COMPENSATION
$231K
AGE
73
TENURE
10.3 yrs

Mike Daniels

TITLE
Director
COMPENSATION
$226K
AGE
71
TENURE
9.1 yrs

Jim Bass

TITLE
Director
COMPENSATION
$206K
AGE
61
TENURE
9.1 yrs

Lisa Disbrow

TITLE
Director
COMPENSATION
$296K
AGE
55
TENURE
1.6 yrs

ML Krakauer

TITLE
Director
COMPENSATION
$296K
AGE
61
TENURE
1.6 yrs

Barry Nearhos

TITLE
Independent Director
AGE
60
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Aug 18 Sell William O'Brien Individual 12. Dec 16 13. Dec 16 -31,610 €29.70 €-938,835
07. May 18 Buy Michael Ruppert Individual 07. May 18 07. May 18 3,100 €27.39 €84,915
X
Management checks
We assess Mercury Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mercury Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Map
Description

Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company’s principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS. It also designs, markets, and licenses software and middleware environments under the MultiCore Plus name to enhance development and execution of signal and image processing applications on a range of heterogeneous and multi-computing platforms. In addition, the company offers hardware products, including components, such as power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; embedded processing modules and boards, switch fabric boards, high speed input/output boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was founded in 1981 and is headquartered in Andover, Massachusetts.

Details
Name: Mercury Systems, Inc.
MCY
Exchange: DB
Founded: 1981
$2,765,107,571
48,459,046
Website: http://www.mrcy.com
Address: Mercury Systems, Inc.
50 Minuteman Road,
Andover,
Massachusetts, 01810,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MRCY Common Stock Nasdaq Global Select US USD 30. Jan 1998
DB MCY Common Stock Deutsche Boerse AG DE EUR 30. Jan 1998
Number of employees
Current staff
Staff numbers
1,504
Mercury Systems employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/17 22:17
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/07
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.