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Updated 5h ago
MERY logo

Mercialys SAENXTPA:MERY Stock Report

Market Cap €1.0b
Updated 5h ago
Share Price
n/a
1Y-4.7%
7D-0.6%
1D-2.2%
Portfolio Value
​
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Mercialys SA

ENXTPA:MERY Stock Report

Market Cap: €1.0b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Mercialys (MERY) Stock Overview

Mercialys SA is one of France’s leading real estate companies. More details

MERY fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 49.2% below our estimate of its fair value

Earnings are forecast to grow 39.4% per year

Analysts in good agreement that stock price will rise by 29.9%

Risk Analysis

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (11.4%) are lower than last year (36.4%)

Unstable dividend track record


MERY Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
24.0% undervalued intrinsic discount
AnalystConsensusTarget
•3mo ago

French Urban Expansion And Digital Retail Integration Will Reshape Markets

86
0
6

Top Analyst Narratives

MERY logo
Mercialys
24.0% undervalued intrinsic discount

French Urban Expansion And Digital Retail Integration Will Reshape Markets

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 16 Jun
Read Narrative
View all narratives

Mercialys SA Competitors

Frey

Symbol: ENXTPA:FREY
Market cap: €1.1b

Carmila

Symbol: ENXTPA:CARM
Market cap: €2.1b

Selectirente

Symbol: ENXTPA:SELER
Market cap: €357.9m

Klépierre

Symbol: ENXTPA:LI
Market cap: €10.5b

Price History & Performance

Summary of share price highs, lows and changes for Mercialys
Historical stock prices
Current Share Price€10.48
52 Week High€12.98
52 Week Low€10.36
Beta0.84
1 Month Change-7.75%
3 Month Change-10.12%
1 Year Change-4.73%
3 Year Change22.14%
5 Year Change10.37%
Change since IPO-50.45%

Recent News & Updates

User avatar
Narrative Update • Jun 16

MERY: Full Ownership Of Toulouse Retail Hub Will Support Future Income Resilience

Analysts have trimmed their price target on Mercialys to €13.78, reflecting updated assumptions around discount rates, revenue growth and profit margins following the recent downgrade highlighted in Street research. What's in the News Mercialys acquired a retail park of more than 8,200 sqm of GLA, including six mid-sized retail units fully let to brands such as Nike, Picard, Centrakor and Maxi Zoo, adjacent to its Shop•Park Toulouse Fenouillet site for €18.0 million including transfer tax.
User avatar
Narrative Update • Jun 01

MERY: Higher Yielding Retail Parks Will Support Future Footfall And Income Resilience

Narrative Update: Mercialys The analyst price target for Mercialys has been trimmed by about €0.08 per share as analysts factor in slightly higher discount rate assumptions, while still pointing to support from higher yielding retail exposure in a higher rate setting. Analyst Commentary Recent research on Mercialys reflects a mix of optimism around its retail exposure and caution around valuation and execution risks, especially as funding costs and discount rate assumptions adjust.

Recent updates

User avatar
Narrative Update • Jun 16

MERY: Full Ownership Of Toulouse Retail Hub Will Support Future Income Resilience

Analysts have trimmed their price target on Mercialys to €13.78, reflecting updated assumptions around discount rates, revenue growth and profit margins following the recent downgrade highlighted in Street research. What's in the News Mercialys acquired a retail park of more than 8,200 sqm of GLA, including six mid-sized retail units fully let to brands such as Nike, Picard, Centrakor and Maxi Zoo, adjacent to its Shop•Park Toulouse Fenouillet site for €18.0 million including transfer tax.
User avatar
Narrative Update • Jun 01

MERY: Higher Yielding Retail Parks Will Support Future Footfall And Income Resilience

Narrative Update: Mercialys The analyst price target for Mercialys has been trimmed by about €0.08 per share as analysts factor in slightly higher discount rate assumptions, while still pointing to support from higher yielding retail exposure in a higher rate setting. Analyst Commentary Recent research on Mercialys reflects a mix of optimism around its retail exposure and caution around valuation and execution risks, especially as funding costs and discount rate assumptions adjust.
User avatar
Narrative Update • May 02

MERY: Higher Yielding Retail Assets Will Support Future Footfall And Margin Resilience

Analysts have lifted their price target on Mercialys from about €12.62 to around €13.87. They cite expectations for higher profit margins, a slightly stronger revenue profile and a lower assumed forward P/E multiple, supported by views that higher yielding retail real estate can offer some protection against elevated rates and inflation.
User avatar
Narrative Update • Mar 02

MERY: Food Anchors And Footfall Gains Will Support A Balanced Outlook

Narrative Update Analysts have trimmed their price target on Mercialys from €13.20 to €12.62, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Leclerc hypermarket has opened at the Phare de l'Europe SHOP*PARK in Brest, which the company says should strengthen the site's position within a key regional hub (Client Announcements).
User avatar
New Narrative • Feb 23

Suburban Retail Focus And ESG Leadership Will Strengthen Future Prospects

Strategic focus on suburban retail locations enhances revenue through increased demand driven by population shifts and preference for convenience.
Analysis Article • Feb 02

What Is The Ownership Structure Like For Mercialys (EPA:MERY)?

If you want to know who really controls Mercialys ( EPA:MERY ), then you'll have to look at the makeup of its share...

Shareholder Returns

MERYFR Retail REITsFR Market
7D-0.6%0.9%0.8%
1Y-4.7%7.5%-1.2%

Return vs Industry: MERY underperformed the French Retail REITs industry which returned 7.5% over the past year.

Return vs Market: MERY underperformed the French Market which returned -1.2% over the past year.

Price Volatility

Is MERY's price volatile compared to industry and market?
MERY volatility
MERY Average Weekly Movement2.2%
Retail REITs Industry Average Movement1.8%
Market Average Movement4.3%
10% most volatile stocks in FR Market8.8%
10% least volatile stocks in FR Market2.2%

Stable Share Price: MERY has not had significant price volatility in the past 3 months compared to the French market.

Volatility Over Time: MERY's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999180Vincent Ravatwww.mercialys.com

Mercialys SA is one of France’s leading real estate companies. It specializes in the holding, management and transformation of retail spaces, anticipating consumer trends, on its own behalf and for third parties. At June 30, 2026, the Company had a real estate portfolio valued at Euro 3.2 billion including transfer taxes.

Mercialys SA Fundamentals Summary

How do Mercialys's earnings and revenue compare to its market cap?
MERY fundamental statistics
Market cap€1.00b
Earnings (TTM)€20.92m
Revenue (TTM)€184.05m
46.7x
P/E Ratio
5.3x
P/S Ratio

Is MERY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MERY income statement (TTM)
Revenue€184.05m
Cost of Revenue€9.83m
Gross Profit€174.22m
Other Expenses€153.31m
Earnings€20.92m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Feb 11, 2027

Earnings per share (EPS)0.22
Gross Margin94.66%
Net Profit Margin11.36%
Debt/Equity Ratio80.0%

How did MERY perform over the long term?

See historical performance and comparison

Dividends

9.5%
Current Dividend Yield
78%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 17:32
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mercialys SA is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai KloseBerenberg
Valerie Jacob GueziBernstein
Valerie Jacob GueziBNP Paribas

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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