Mersen
Market Cap
€621.9m
Last Updated
2021/04/11 18:26 UTC
Data Sources
Company Financials +
Executive Summary
Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet with moderate growth potential.
Similar Companies
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 is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MRN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.3%
MRN
1.7%
FR Electrical
1.4%
FR Market
1 Year Return
63.0%
MRN
62.4%
FR Electrical
39.2%
FR Market
Return vs Industry: MRN matched the French Electrical industry which returned 64% over the past year.
Return vs Market: MRN exceeded the French Market which returned 39.4% over the past year.
Shareholder returns
| MRN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 1.7% | 1.4% |
| 30 Day | 1.5% | 6.1% | 2.7% |
| 90 Day | 16.6% | 5.5% | 8.9% |
| 1 Year | 63.0%63.0% | 67.1%62.4% | 42.0%39.2% |
| 3 Year | -14.3%-18.6% | 83.7%69.7% | 29.4%18.8% |
| 5 Year | 152.6%126.9% | 139.7%110.3% | 71.8%47.0% |
Long-Term 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
1 week ago | Simply Wall St
Here's Why Mersen (EPA:MRN) Has A Meaningful Debt Burden4 weeks ago | Simply Wall St
Mersen SA (EPA:MRN) Released Earnings Last Week And Analysts Lifted Their Price Target To €31.381 month ago | Simply Wall St
What You Need To Know About Mersen SA's (EPA:MRN) Investor CompositionValuation
Is Mersen undervalued compared to its fair value and its price relative to the market?
1.22x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MRN (€30.15) is trading above our estimate of fair value (€10.27)
Significantly Below Fair Value: MRN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MRN is unprofitable, so we can't compare its PE Ratio to the FR Electrical industry average.
PE vs Market: MRN is unprofitable, so we can't compare its PE Ratio to the French market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRN is good value based on its PB Ratio (1.2x) compared to the FR Electrical industry average (3.5x).
Future Growth
How is Mersen forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
67.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.4%).
Earnings vs Market: MRN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MRN's is expected to become profitable in the next 3 years.
Revenue vs Market: MRN's revenue (4.3% per year) is forecast to grow slower than the French market (6.9% per year).
High Growth Revenue: MRN's revenue (4.3% 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 (9.1%).
Past Performance
How has Mersen performed over the past 5 years?
28.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRN is currently unprofitable.
Growing Profit Margin: MRN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRN is unprofitable, but has reduced losses over the past 5 years at a rate of 28.7% per year.
Accelerating Growth: Unable to compare MRN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRN is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-14.6%).
Return on Equity
High ROE: MRN has a negative Return on Equity (-1.65%), as it is currently unprofitable.
Financial Health
How is Mersen's financial position?
Financial Position Analysis
Short Term Liabilities: MRN's short term assets (€479.4M) exceed its short term liabilities (€278.8M).
Long Term Liabilities: MRN's short term assets (€479.4M) exceed its long term liabilities (€383.2M).
Debt to Equity History and Analysis
Debt Level: MRN's debt to equity ratio (59.4%) is considered high.
Reducing Debt: MRN's debt to equity ratio has increased from 56.2% to 59.4% over the past 5 years.
Debt Coverage: MRN's debt is well covered by operating cash flow (41.9%).
Interest Coverage: MRN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Mersen current dividend yield, its reliability and sustainability?
2.16%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MRN's dividend (2.16%) is higher than the bottom 25% of dividend payers in the French market (1.28%).
High Dividend: MRN's dividend (2.16%) is low compared to the top 25% of dividend payers in the French market (4.02%).
Stability and Growth of Payments
Stable Dividend: MRN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MRN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: MRN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: MRN's dividends in 3 years are forecast to be well covered by earnings (23.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.3yrs
Average management tenure
CEO
Luc Themelin (59 yo)
4.92yrs
Tenure
€1,076,335
Compensation
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 ($USD1.28M) is above average for companies of similar size in the French market ($USD546.95K).
Compensation vs Earnings: Luc's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: MRN's management team is seasoned and experienced (10.3 years average tenure).
Board Members
Experienced Board: MRN's board of directors are considered experienced (5.4 years average tenure).
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
Mersen SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mersen SA
- Ticker: MRN
- Exchange: ENXTPA
- Founded: 1889
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: €621.910m
- Shares outstanding: 20.63m
- Website: https://www.mersen.com
Number of Employees
Location
- Mersen SA
- Tour EQHO
- 2 avenue Gambetta
- Paris
- Ile-de-France
- 92066
- France
Listings
Biography
Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. It operates through Advanced Materials and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 18:26 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.