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 slightly overvalued.
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
Return vs Industry: MERY underperformed the French REITs industry which returned 10.7% over the past year.
Return vs Market: MERY underperformed the French Market which returned 10.4% over the past year.
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
11 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 compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MERY (€12.37) is trading below our estimate of fair value (€20.37)
Significantly Below Fair Value: MERY is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MERY is poor value based on its PE Ratio (15.3x) compared to the REITs industry average (10.3x).
PE vs Market: MERY is good value based on its PE Ratio (15.3x) compared to the French market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: MERY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MERY is overvalued based on its PB Ratio (1.8x) compared to the FR REITs industry average (1x).
How is Mercialys forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MERY's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: MERY's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: MERY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MERY's revenue (1.4% per year) is forecast to grow slower than the French market (4.4% per year).
High Growth Revenue: MERY's revenue (1.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MERY's Return on Equity is forecast to be low in 3 years time (15.1%).
How has Mercialys performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MERY's earnings have declined by -10.8% per year over the past 5 years.
Accelerating Growth: MERY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MERY had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the REITs industry average (13.7%).
Return on Equity
High ROE: MERY's Return on Equity (9.8%) is considered low.
Return on Assets
ROA vs Industry: MERY's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: MERY has not improved its Return on Capital Employed over the past 3 years.
How is Mercialys's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MERY has a high level of physical assets or inventory.
Debt Coverage by Assets: MERY's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: MERY's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MERY has a sufficient allowance for bad loans.
Low Risk Liabilities: MERY reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MERY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MERY has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MERY has an appropriate level of bad loans.
What is Mercialys's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MERY's dividend (9.05%) is higher than the bottom 25% of dividend payers in the French market (1.54%).
High Dividend: MERY's dividend (9.05%) is in the top 25% of dividend payers in the French market (4.72%)
Stable Dividend: MERY's dividend payments have been volatile in the past 10 years.
Growing Dividend: MERY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.8%), MERY's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MERY's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
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
Compensation vs. Market: Vincent has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the French market.
Compensation vs Earnings: Vincent's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: MERY's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
Experienced Board: MERY's board of directors are considered experienced (5.5 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Élizabeth Blaise (43yo)
- Tenure: 5.1yrs
Human Resources Director
- Tenure: 1.1yrs
Vincent Ravat (45yo)
Chief Executive Officer
- Tenure: 0.7yrs
- Compensation: €703.40k
Deputy Director-General & Executive VP
- Tenure: 3.1yrs
Director of Asset Management
- Tenure: 3.8yrs
Investor Relations Manager
- Tenure: 0yrs
Jacques Dumas (67yo)
- Tenure: 14.2yrs
- Compensation: €12.50k
Michel Savart (57yo)
- Tenure: 9.4yrs
- Compensation: €20.00k
Éric Le Gentil (59yo)
- Tenure: 6.7yrs
- Compensation: €1.47m
Victoire Boissier (52yo)
- Tenure: 3.5yrs
- Compensation: €24.09k
Élisabeth Cunin-Diéterlé (59yo)
- Tenure: 7.3yrs
- Compensation: €25.95k
Bruno Servant (59yo)
- Tenure: 5.5yrs
- Compensation: €14.09k
Ingrid Nappi-Choulet (53yo)
- Tenure: 5.5yrs
- Compensation: €23.18k
Pascale Roque (58yo)
- Tenure: 2yrs
- Compensation: €24.20k
Dominique Dudan (65yo)
- Tenure: 1.5yrs
- Compensation: €25.64k
Stéphanie Bensimon (43yo)
- Tenure: 1.3yrs
- 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: €1.134b
- Shares outstanding: 91.70m
- 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||2019/10/21 20:46|
|End of Day Share Price||2019/10/21 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.