Mersen SA manufactures and sells electrical power products and advanced materials France, North America, rest of Europe, the Asia-Pacific, and internationally. More Details
Good value with adequate balance sheet.
Share Price & News
How has Mersen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MRN underperformed the French Electrical industry which returned 21.2% over the past year.
Return vs Market: MRN matched the French Market which returned -6.4% over the past year.
Price Volatility Vs. Market
How volatile is Mersen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhat Do The Returns On Capital At Mersen (EPA:MRN) Tell Us?
2 weeks ago | Simply Wall StIs It Time To Consider Buying Mersen SA (EPA:MRN)?
3 weeks ago | Simply Wall StDoes Mersen's (EPA:MRN) Statutory Profit Adequately Reflect Its Underlying Profit?
Is Mersen undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MRN (€25.5) is trading above our estimate of fair value (€11.62)
Significantly Below Fair Value: MRN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MRN is good value based on its PE Ratio (12.9x) compared to the FR Electrical industry average (26.5x).
PE vs Market: MRN is good value based on its PE Ratio (12.9x) compared to the French market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: MRN is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MRN is good value based on its PB Ratio (1x) compared to the FR Electrical industry average (2.6x).
How is Mersen forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRN's forecast earnings growth (19.5% per year) is above the savings rate (0.6%).
Earnings vs Market: MRN's earnings (19.5% per year) are forecast to grow slower than the French market (23.6% per year).
High Growth Earnings: MRN's earnings are forecast to grow, but not significantly.
Revenue vs Market: MRN's revenue (3.8% per year) is forecast to grow slower than the French market (6.7% per year).
High Growth Revenue: MRN's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRN's Return on Equity is forecast to be low in 3 years time (8.5%).
How has Mersen performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRN has high quality earnings.
Growing Profit Margin: MRN's current net profit margins (4.6%) are lower than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: MRN's earnings have grown significantly by 40.2% per year over the past 5 years.
Accelerating Growth: MRN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRN had negative earnings growth (-33.5%) over the past year, making it difficult to compare to the Electrical industry average (-13.1%).
Return on Equity
High ROE: MRN's Return on Equity (7.7%) is considered low.
How is Mersen's financial position?
Financial Position Analysis
Short Term Liabilities: MRN's short term assets (€509.3M) exceed its short term liabilities (€195.9M).
Long Term Liabilities: MRN's short term assets (€509.3M) exceed its long term liabilities (€490.7M).
Debt to Equity History and Analysis
Debt Level: MRN's debt to equity ratio (59.1%) is considered high.
Reducing Debt: MRN's debt to equity ratio has increased from 55% to 59.1% over the past 5 years.
Debt Coverage: MRN's debt is well covered by operating cash flow (39%).
Interest Coverage: MRN's interest payments on its debt are well covered by EBIT (7x coverage).
What is Mersen current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRN'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 MRN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MRN is not paying a notable dividend for the French market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRN's dividend in 3 years as they are not forecast to pay a notable one for the French market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Luc Themelin (59 yo)
Mr. Luc Themelin has been the Chief Executive Officer at Mersen S.A. since May 11, 2016. Mr. Themelin served as Chairman of the Management Board at Mersen S.A. since August 24, 2011 until May 2016 and its ...
CEO Compensation Analysis
Compensation vs Market: Luc's total compensation ($USD1.28M) is above average for companies of similar size in the French market ($USD638.20K).
Compensation vs Earnings: Luc's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||4.42yrs||€1.08m||no data|
|CFO and Group VP of Finance & Administration||10.58yrs||€359.05k||no data|
|Group VP of Technology||no data||€341.42k||no data|
|VP - Communication||9.08yrs||no data||no data|
|Group Vice President of Human Resources||10.42yrs||no data||no data|
Experienced Management: MRN's management team is seasoned and experienced (9.8 years average tenure).
|Independent Director||1.42yrs||€21.13k||0.0039% |
|Independent Chairman||3.42yrs||€105.66k||0.0068% |
|Independent Director||3.42yrs||€34.55k||0.0039% |
|Independent Director||7.42yrs||€29.73k||0.0040% |
|Independent Director||7.42yrs||€26.21k||0.0040% |
|Director||3yrs||no data||0.00097% |
Experienced Board: MRN's board of directors are considered experienced (4.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mersen SA's company bio, employee growth, exchange listings and data sources
- Name: Mersen SA
- Ticker: MRN
- Exchange: ENXTPA
- Founded: 1892
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: €524.298m
- Shares outstanding: 20.56m
- Website: https://www.mersen.com
Number of Employees
- Mersen SA
- Tour EQHO
- 2 avenue Gambetta
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRN||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|CBE||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0Q6Q||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|MRNP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|CBLN.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Oct 2008|
Mersen SA manufactures and sells electrical power products and advanced materials France, North America, rest of Europe, the Asia-Pacific, and internationally. It operates through Advanced Materials and El ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 21:30|
|End of Day Share Price||2020/10/21 00:00|
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.