Mercialys is one of the top real estate companies in France and Europe, specializing in the enhancement, transformation and promotion of shopping centers.
Established dividend payer and fair value.
Share Price & News
How has Mercialys's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
MERY underperformed the REITs industry which returned -3.4% over the past year.
MERY underperformed the Market in France which returned -0.3% over the past year.
Share holder returns
Price Volatility Vs. Market
How volatile is Mercialys's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall StHow Good Is Mercialys (EPA:MERY), When It Comes To ROE?
1 year ago | Simply Wall StIs Mercialys (EPA:MERY) Thriving Or Barely Surviving?
1 year ago | Simply Wall StWhat You Must Know About Mercialys's (EPA:MERY) Major Investors
Is Mercialys undervalued based on future cash flows and its price relative to the stock market?
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Mercialys's share price is below the future cash flow value, and at a moderate discount (> 20%).
Mercialys's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Mercialys is overvalued based on earnings compared to the FR REITs industry average.
Mercialys is good value based on earnings compared to the France market.
Price Based on Expected Growth
Mercialys is poor value based on expected growth next year.
Price Based on Value of Assets
Mercialys is overvalued based on assets compared to the FR REITs industry average.
How is Mercialys expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Mercialys's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Mercialys's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Mercialys's revenue growth is positive but not above the France market average.
Mercialys's earnings growth is positive but not above the France market average.
Mercialys's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Mercialys is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
How has Mercialys performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Mercialys's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
Mercialys's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Mercialys's 1-year earnings growth is negative, it can't be compared to the FR REITs industry average.
Return on Equity
Mercialys has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Mercialys used its assets less efficiently than the FR REITs industry average last year based on Return on Assets.
Return on Capital Employed
Mercialys's use of capital has not improved over the past 3 years (Return on Capital Employed).
How is Mercialys's financial position?
Financial Position Analysis
Mercialys's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Mercialys's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Mercialys's level of debt (193.9%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (110.6% vs 193.9% today).
Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.
What is Mercialys's current dividend yield, its reliability and sustainability?
Expected Dividend Yield
Dividend Yield and Payments Analysis
Mercialys's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.55%).
Mercialys's dividend is above the markets top 25% of dividend payers in France (4.53%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be thoroughly covered by earnings (207x coverage).
What is the CEO of Mercialys's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Vincent Ravat (45yo)
Mr. Vincent Ravat has been the Chief Executive Officer at Mercialys since February 13, 2019. He was Chief Operating Officer and MD of Mercialys until February 13, 2019. He joined Mercialys in January 2014 ...
CEO Compensation Analysis
Vincent's remuneration is about average for companies of similar size in France.
Vincent's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
The tenure for the Mercialys management team is about average.
Board Age and Tenure
The tenure for the Mercialys board of directors is about average.
No 3 month open market individual insider trading information.
Élizabeth Blaise (43yo)
- Tenure: 4.9yrs
Human Resources Director
- Tenure: 0.9yrs
Vincent Ravat (45yo)
Chief Executive Officer
- Tenure: 0.5yrs
- Compensation: €703.40k
Deputy Director-General & Executive VP
- Tenure: 2.9yrs
Director of Asset Management
- Tenure: 3.6yrs
Investor Relations Manager
- Tenure: 0.0yrs
Jacques Dumas (67yo)
- Tenure: 14.0yrs
- Compensation: €12.50k
Michel Savart (57yo)
- Tenure: 9.3yrs
- Compensation: €20.00k
Éric Le Gentil (59yo)
- Tenure: 6.5yrs
- Compensation: €4.32m
Victoire Boissier (52yo)
- Tenure: 3.3yrs
- Compensation: €24.09k
Élisabeth Cunin-Diéterlé (59yo)
- Tenure: 7.2yrs
- Compensation: €25.95k
Bruno Servant (59yo)
- Tenure: 5.3yrs
- Compensation: €14.09k
Ingrid Nappi-Choulet (53yo)
- Tenure: 5.3yrs
- Compensation: €23.18k
Pascale Roque (58yo)
- Tenure: 1.8yrs
- Compensation: €24.20k
Dominique Dudan (65yo)
- Tenure: 1.3yrs
- Compensation: €25.64k
Stéphanie Bensimon (43yo)
- Tenure: 1.2yrs
- Compensation: €12.65k
Mercialys's company bio, employee growth, exchange listings and data sources
- Name: Mercialys
- Ticker: MERY
- Exchange: ENXTPA
- Founded: 1999
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €970.903m
- Shares outstanding: 91.68m
- Website: https://www.mercialys.com
Number of Employees
- 148, rue de l’Université
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MERY||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Oct 2005|
|M8Y||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2005|
|0IQU||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Oct 2005|
|MEIY.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 2005|
|MERYP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Oct 2005|
Mercialys is one of the top real estate companies in France and Europe, specializing in the enhancement, transformation and promotion of shopping centers. Mercialys owns a real estate portfolio of 56 sites ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/08/22 20:53|
|End of Day Share Price||2019/08/22 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.