WSE:MCR

Stock Analysis Report

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Market Cap

zł295.7m

Last Updated

2021/07/28 22:02 UTC

Data Sources

Company Financials

Executive Summary

Mercor S.A. manufactures, sells, installs, and maintains passive fire protection systems. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Mercor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MCR is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MCR's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

5.0%

MCR

3.0%

PL Building

-0.2%

PL Market


1 Year Return

113.9%

MCR

82.0%

PL Building

23.5%

PL Market

Return vs Industry: MCR exceeded the Polish Building industry which returned 82% over the past year.

Return vs Market: MCR exceeded the Polish Market which returned 23.5% over the past year.


Shareholder returns

MCRIndustryMarket
7 Day5.0%3.0%-0.2%
30 Day-4.3%0.2%-2.2%
90 Day1.1%11.7%6.9%
1 Year119.0%113.9%85.2%82.0%25.9%23.5%
3 Year94.0%89.5%81.5%71.0%11.3%5.2%
5 Year121.2%116.1%91.0%79.4%32.3%19.7%

Long-Term Price Volatility Vs. Market

How volatile is Mercor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mercor undervalued compared to its fair value and its price relative to the market?

30.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MCR (PLN18.95) is trading below our estimate of fair value (PLN27.18)

Significantly Below Fair Value: MCR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MCR is good value based on its PE Ratio (11x) compared to the Polish Building industry average (12.2x).

PE vs Market: MCR is good value based on its PE Ratio (11x) compared to the Polish market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCR is good value based on its PB Ratio (1.8x) compared to the PL Building industry average (2.3x).


Future Growth

How is Mercor forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mercor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Mercor performed over the past 5 years?

35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCR has high quality earnings.

Growing Profit Margin: MCR's current net profit margins (7%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: MCR's earnings have grown significantly by 35.5% per year over the past 5 years.

Accelerating Growth: MCR's earnings growth over the past year (24.5%) is below its 5-year average (35.5% per year).

Earnings vs Industry: MCR earnings growth over the past year (24.5%) underperformed the Building industry 67%.


Return on Equity

High ROE: MCR's Return on Equity (17.2%) is considered low.


Financial Health

How is Mercor's financial position?


Financial Position Analysis

Short Term Liabilities: MCR's short term assets (PLN158.8M) exceed its short term liabilities (PLN98.9M).

Long Term Liabilities: MCR's short term assets (PLN158.8M) exceed its long term liabilities (PLN76.5M).


Debt to Equity History and Analysis

Debt Level: MCR's debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: MCR's debt to equity ratio has reduced from 39.8% to 34.8% over the past 5 years.

Debt Coverage: MCR's debt is well covered by operating cash flow (75.3%).

Interest Coverage: MCR's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


Dividend

What is Mercor current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MCR's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.05%).

High Dividend: MCR's dividend (1.32%) is low compared to the top 25% of dividend payers in the Polish market (5.95%).


Stability and Growth of Payments

Stable Dividend: MCR's dividend payments have been volatile in the past 10 years.

Growing Dividend: MCR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.5%), MCR's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Krzysztof Krempec

no data

Tenure

Mr. Krzysztof Krempec serves as the Chairman of the Management Board of Mercor S.a. and served as its Vice-Chairman.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mercor S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mercor S.A.
  • Ticker: MCR
  • Exchange: WSE
  • Founded: 1988
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: zł295.743m
  • Shares outstanding: 15.61m
  • Website: https://www.mercor.com.pl

Number of Employees


Location

  • Mercor S.A.
  • ul. Grzegorz from Sanok 2
  • Gdansk
  • 80-408
  • Poland

Listings


Biography

Mercor S.A. manufactures, sells, installs, and maintains passive fire protection systems. The company provides natural smoke exhausting systems comprising smoke exhaust vents and windows, skylights, roof h...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 22:02
End of Day Share Price2021/07/28 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.