How does MERYP's PE Ratio compare to its peers?

MERYP is good value based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (63.9x).

How does MERYP's PE Ratio compare vs other companies in the European Retail REITs Industry?

MERYP is good value based on its Price-To-Earnings Ratio (16.8x) compared to the European Retail REITs industry average (22.5x).

What is MERYP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate MERYP's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of MERYP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MERYP (€10.54) is trading below our estimate of [[fair value]] (€16.61)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Mercialys (BATS-CHIXE:MERYP) - Stock Price, News & Analysis

MERYP Stock Overview

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

MERYP fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	1/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 36.5% below our estimate of its fair value

Earnings are forecast to grow 13.53% per year

Analysts in good agreement that stock price will rise by 21.2%

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Unstable dividend track record

Mercialys SA Competitors

NewRiver REIT

LSE:NRR

UK£287.8m

Capital & Regional

LSE:CAL

UK£146.7m

Shaftesbury Capital

LSE:SHC

UK£2.4b

UK Commercial Property REIT

LSE:UKCM

UK£947.3m

Price History & Performance

Summary of all time highs, changes and price drops for Mercialys
Historical stock prices
Current Share Price	€10.54
52 Week High	€12.72
52 Week Low	€9.87
Beta	1.64
11 Month Change	-9.80%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	9.96%
5 Year Change	-12.24%
Change since IPO	-30.04%

Recent updates

Shareholder Returns

	MERYP	GB Retail REITs	GB Market
7D	0%	1.3%	2.2%
1Y	n/a	4.8%	8.0%

Return vs Industry: Insufficient data to determine how MERYP performed against the UK Retail REITs industry.

Return vs Market: Insufficient data to determine how MERYP performed against the UK Market.

Price Volatility

Is MERYP's price volatile compared to industry and market?
MERYP volatility
MERYP Average Weekly Movement	n/a
Retail REITs Industry Average Movement	3.4%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: MERYP's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine MERYP's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1999	165	Vincent Ravat	www.mercialys.com

Mercialys is one of France’s leading real estate companies. It is specialized in the holding, management and transformation of retail spaces, anticipating consumer trends, on its own behalf and for third parties. At December 31, 2023, Mercialys had a real estate portfolio valued at Euro 2.9 billion (including transfer taxes).

Mercialys SA Fundamentals Summary

How do Mercialys's earnings and revenue compare to its market cap?
MERYP fundamental statistics
Market cap	€996.16m
Earnings (TTM)	€59.18m
Revenue (TTM)	€181.41m

16.8x

P/E Ratio

5.5x

P/S Ratio

Is MERYP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MERYP income statement (TTM)
Revenue	€181.41m
Cost of Revenue	€5.64m
Gross Profit	€175.77m
Other Expenses	€116.59m
Earnings	€59.18m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 12, 2025

Earnings per share (EPS)	0.63
Gross Margin	96.89%
Net Profit Margin	32.62%
Debt/Equity Ratio	146.3%

How did MERYP perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

84%

Payout Ratio

MERYP Stock Overview

Rewards

Risk Analysis

Mercialys SA Competitors

LSE:NRR

UK£287.8m

LSE:CAL

UK£146.7m

LSE:SHC

UK£2.4b

LSE:UKCM

UK£947.3m

Price History & Performance

Recent News & Updates

Mercialys SA to Report Fiscal Year 2024 Results on Feb 12, 2025

Mercialys SA to Report Nine Months, 2024 Results on Oct 24, 2024

Mercialys SA, Annual General Meeting, Apr 29, 2025

Dividend increased to €0.99

Dividend increased to €0.99

Mercialys SA Proposes Dividend for the Year 2023, Payable on May 2, 2024

Recent updates

Mercialys SA to Report Fiscal Year 2024 Results on Feb 12, 2025

Mercialys SA to Report Nine Months, 2024 Results on Oct 24, 2024

Mercialys SA, Annual General Meeting, Apr 29, 2025

Dividend increased to €0.99

Dividend increased to €0.99

Mercialys SA Proposes Dividend for the Year 2023, Payable on May 2, 2024

Mercialys SA to Report First Half, 2024 Results on Jul 24, 2024

Mercialys SA to Report First Half, 2024 Results on Jul 24, 2024

Mercialys (ENXTPA:MERY) signed an agreement to acquire 30% stake in Imocom Partners for €7 million.

Mercialys (ENXTPA:MERY) signed an agreement to acquire 30% stake in Imocom Partners for €7 million.

Mercialys, Annual General Meeting, Apr 25, 2024

Upcoming dividend of €0.96 per share at 11% yield

Mercialys (ENXTPA:MERY) acquired the remaining 70% stake in SCI Rennes Anglet from L'Immobilière Groupe Casino SAS for €4.9 million.

Full year 2022 earnings released: EPS: €0.46 (vs €0.67 in FY 2021)

A private investor acquired Two Shopping Centers in Marseille from Mercialys (ENXTPA:MERY) for €10.1 million.

Mercialys Announces Executive Changes

Insufficient new directors

Mercialys to Report Q2, 2023 Results on Jul 26, 2023

First half 2022 earnings released

Insufficient new directors

Mercialys, Annual General Meeting, Apr 27, 2023

Insufficient new directors

Insufficient new directors

Cristal Rente managed by Inter-Gestion acquired Two Géant Casino Hypermarkets from Mercialys (ENXTPA:MERY).

Mercialys Announces Resignation of Michel Savart as Director

Insufficient new directors

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Mercialys Proposes Dividend for the Year 2021 At the General Meeting on April 28, 2022, Payable on May 5, 2022

Insufficient new directors

An unknown buyer acquired Marseille Canebière Monoprix store and the Carré Duparc retail park from Mercialys (ENXTPA:MERY) for €96.6 million.

Insufficient new directors

An unknown buyer acquired 3% stake in Mercialys (ENXTPA:MERY) from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO) for €24 million.

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Insufficient new directors

Upcoming dividend of €0.43 per share

Investor sentiment improved over the past week

Full year 2020 earnings released: FFO €1.04 per share (vs €1.35 in FY 2019)

Revenue beats expectations

New 90-day high: €8.09

Mercialys (ENXTPA:MERY) acquired remaining 60.1% stake in Montauban and Valence 2 Shopping Centers in France from SCI AMR.

An unknown buyer acquired Asnières Monoprix site from Mercialys (ENXTPA:MERY) for €30.8 million.

Mercialys Suspends Guidance for Full Year 2020

An undisclosed buyer acquired 5% stake in Mercialys (ENXTPA:MERY) from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO) for €26 million.

Shareholder Returns

Price Volatility

About the Company

Mercialys SA Fundamentals Summary

16.8x

5.5x

Earnings & Revenue

Dividends

9.3%

84%