Mercell Holding AS provides eTendering, tender notification, and bid manager solutions through online marketplace in Nordic region. More Details
High growth potential and fair value.
Share Price & News
How has Mercell Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRCEL is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MRCEL's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MRCEL underperformed the Norwegian Software industry which returned 33.6% over the past year.
Return vs Market: MRCEL underperformed the Norwegian Market which returned 31.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Mercell Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhat Kind Of Investors Own Most Of Mercell Holding ASA (OB:MRCEL)?
2 months ago | Simply Wall StWe Might See A Profit From Mercell Holding ASA (OB:MRCEL) Soon
8 months ago | Simply Wall StA Look At The Intrinsic Value Of Mercell Holding AS (OB:MRCEL-ME)
Is Mercell Holding 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: MRCEL (NOK9.19) is trading below our estimate of fair value (NOK21.86)
Significantly Below Fair Value: MRCEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRCEL is unprofitable, so we can't compare its PE Ratio to the European Software industry average.
PE vs Market: MRCEL is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRCEL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRCEL is good value based on its PB Ratio (2.2x) compared to the NO Software industry average (3.6x).
How is Mercell Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRCEL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: MRCEL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MRCEL's is expected to become profitable in the next 3 years.
Revenue vs Market: MRCEL's revenue (20.8% per year) is forecast to grow faster than the Norwegian market (5.5% per year).
High Growth Revenue: MRCEL's revenue (20.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRCEL's Return on Equity is forecast to be low in 3 years time (2.5%).
How has Mercell Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRCEL is currently unprofitable.
Growing Profit Margin: MRCEL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRCEL is unprofitable, and losses have increased over the past 5 years at a rate of 39.9% per year.
Accelerating Growth: Unable to compare MRCEL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRCEL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.6%).
Return on Equity
High ROE: MRCEL has a negative Return on Equity (-3.89%), as it is currently unprofitable.
How is Mercell Holding's financial position?
Financial Position Analysis
Short Term Liabilities: MRCEL's short term assets (NOK453.9M) do not cover its short term liabilities (NOK471.3M).
Long Term Liabilities: MRCEL's short term assets (NOK453.9M) do not cover its long term liabilities (NOK1.2B).
Debt to Equity History and Analysis
Debt Level: MRCEL's debt to equity ratio (53.8%) is considered high.
Reducing Debt: Insufficient data to determine if MRCEL's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MRCEL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRCEL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.4% per year.
What is Mercell Holding current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRCEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRCEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MRCEL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRCEL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRCEL's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Terje Wibe is the Chief Executive Officer of Mercell Holding AS since 2014. Mr. Wibe serves as a Board Member at Orn Software Holding As. Mr. Wibe has industry background from various management (incl....
Experienced Management: MRCEL's management team is considered experienced (2.5 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 73.3%.
Mercell Holding ASA's company bio, employee growth, exchange listings and data sources
- Name: Mercell Holding ASA
- Ticker: MRCEL
- Exchange: OB
- Founded: 1999
- Industry: Application Software
- Sector: Software
- Market Cap: kr4.615b
- Shares outstanding: 502.12m
- Website: https://www.mercell.com
Number of Employees
- Mercell Holding ASA
- Askekroken 11
Mercell Holding AS provides eTendering, tender notification, and bid manager solutions through online marketplace in Nordic region. The company’s Software as a Service system allows public buyers to manage...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 05:02|
|End of Day Share Price||2021/07/30 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.