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MERU

Merus Power Oyj HLSE:MERUS Stock Report

Last Price

€7.40

Market Cap

€56.6m

7D

0.7%

1Y

-12.9%

Updated

04 Aug, 2022

Data

Company Financials +
MERUS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MERUS Stock Overview

Merus Power Oyj designs, manufactures, and markets electricity storage, power quality solutions, and services in Finland and internationally.

Merus Power Oyj Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Merus Power Oyj
Historical stock prices
Current Share Price€7.40
52 Week High€9.97
52 Week Low€6.00
Beta0
1 Month Change14.55%
3 Month Change-1.33%
1 Year Change-12.94%
3 Year Changen/a
5 Year Changen/a
Change since IPO8.17%

Recent News & Updates

Shareholder Returns

MERUSFI ElectricalFI Market
7D0.7%0.09%-0.2%
1Y-12.9%-15.3%-19.6%

Return vs Industry: MERUS exceeded the Finnish Electrical industry which returned -16.5% over the past year.

Return vs Market: MERUS exceeded the Finnish Market which returned -20.2% over the past year.

Price Volatility

Is MERUS's price volatile compared to industry and market?
MERUS volatility
MERUS Average Weekly Movement5.3%
Electrical Industry Average Movement7.0%
Market Average Movement5.2%
10% most volatile stocks in FI Market9.2%
10% least volatile stocks in FI Market3.4%

Stable Share Price: MERUS is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MERUS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200857n/ahttps://www.meruspower.com

Merus Power Oyj designs, manufactures, and markets electricity storage, power quality solutions, and services in Finland and internationally. The company offers active harmonic filters, energy storage system, hybrid power quality products, uninterrupted power quality products, static synchronous compensators, and static var compensators (SVC). It also provides SVC modernization and power quality measurement services.

Merus Power Oyj Fundamentals Summary

How do Merus Power Oyj's earnings and revenue compare to its market cap?
MERUS fundamental statistics
Market Cap€56.57m
Earnings (TTM)-€994.00k
Revenue (TTM)€15.49m

3.7x

P/S Ratio

-56.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MERUS income statement (TTM)
Revenue€15.49m
Cost of Revenue€10.37m
Gross Profit€5.12m
Other Expenses€6.11m
Earnings-€994.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin33.06%
Net Profit Margin-6.42%
Debt/Equity Ratio22.4%

How did MERUS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MERUS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MERUS?

Other financial metrics that can be useful for relative valuation.

MERUS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA59.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MERUS's PS Ratio compare to its peers?

MERUS PS Ratio vs Peers
The above table shows the PS ratio for MERUS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average7.2x
REKA Reka Industrial Oyj
0.1x2.6%€23.5m
ENEDO Enedo Oyj
0.5x10.0%€18.0m
KEMPOWR Kempower Oyj
27.6x59.7%€754.7m
ROBIT Robit Oyj
0.5x6.6%€47.9m
MERUS Merus Power Oyj
3.7x26.9%€56.6m

Price-To-Sales vs Peers: MERUS is good value based on its Price-To-Sales Ratio (3.7x) compared to the peer average (7.2x).


Price to Earnings Ratio vs Industry

How does MERUS's PE Ratio compare vs other companies in the European Electrical Industry?

Price-To-Sales vs Industry: MERUS is expensive based on its Price-To-Sales Ratio (3.7x) compared to the European Electrical industry average (1.9x)


Price to Sales Ratio vs Fair Ratio

What is MERUS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MERUS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: MERUS is expensive based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


Share Price vs Fair Value

What is the Fair Price of MERUS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MERUS (€7.4) is trading below our estimate of fair value (€13.85)

Significantly Below Fair Value: MERUS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Merus Power Oyj forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


81.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MERUS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: MERUS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MERUS is expected to become profitable in the next 3 years.

Revenue vs Market: MERUS's revenue (26.9% per year) is forecast to grow faster than the Finnish market (1.4% per year).

High Growth Revenue: MERUS's revenue (26.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MERUS's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Merus Power Oyj performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-113.8%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: MERUS is currently unprofitable.

Growing Profit Margin: MERUS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MERUS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare MERUS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MERUS is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (30.8%).


Return on Equity

High ROE: MERUS has a negative Return on Equity (-7.65%), as it is currently unprofitable.


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Financial Health

How is Merus Power Oyj's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MERUS's short term assets (€19.1M) exceed its short term liabilities (€5.3M).

Long Term Liabilities: MERUS's short term assets (€19.1M) exceed its long term liabilities (€2.0M).


Debt to Equity History and Analysis

Debt Level: MERUS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MERUS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MERUS has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MERUS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Merus Power Oyj current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MERUS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MERUS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MERUS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MERUS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MERUS has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Merus Power Oyj has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Merus Power Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Merus Power Oyj
  • Ticker: MERUS
  • Exchange: HLSE
  • Founded: 2008
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: €56.573m
  • Shares outstanding: 7.64m
  • Website: https://www.meruspower.com

Number of Employees


Location

  • Merus Power Oyj
  • Pirkkalaistie 1
  • Nokia
  • Pirkanmaa
  • 37100
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/04 00:00
End of Day Share Price2022/08/04 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.