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MCR

Mercor WSE:MCR Stock Report

Last Price

zł13.00

Market Cap

zł202.5m

7D

-5.8%

1Y

-21.7%

Updated

27 Sep, 2022

Data

Company Financials
MCR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends1/6

MCR Stock Overview

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

Mercor Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mercor
Historical stock prices
Current Share Pricezł13.00
52 Week Highzł17.35
52 Week Lowzł9.80
Beta1.15
1 Month Change4.00%
3 Month Change22.07%
1 Year Change-21.69%
3 Year Change72.41%
5 Year Change30.00%
Change since IPO-76.79%

Recent News & Updates

Jun 04
Mercor's (WSE:MCR) Returns On Capital Are Heading Higher

Mercor's (WSE:MCR) Returns On Capital Are Heading Higher

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Feb 28
Mercor (WSE:MCR) Might Have The Makings Of A Multi-Bagger

Mercor (WSE:MCR) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

MCRPL BuildingPL Market
7D-5.8%-6.3%-2.9%
1Y-21.7%-33.0%-32.0%

Return vs Industry: MCR exceeded the Polish Building industry which returned -34.1% over the past year.

Return vs Market: MCR exceeded the Polish Market which returned -33.4% over the past year.

Price Volatility

Is MCR's price volatile compared to industry and market?
MCR volatility
MCR Average Weekly Movement6.6%
Building Industry Average Movement5.6%
Market Average Movement6.1%
10% most volatile stocks in PL Market11.7%
10% least volatile stocks in PL Market3.8%

Stable Share Price: MCR is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MCR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988846Krzysztof Krempechttps://www.mercor.com.pl

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 hatches, smoke exhaust flaps, ventilation flaps, continuous roof lights, smoke curtains, smoke and ventilation louvre dampers, electric control systems, pneumatic control systems and staircase smoke extraction systems; and fire ventilation systems, such as shut-off valves, fire dampers, smoke exhaust fans, household fans, intake and exhaust fans, power supply and control units, jet ventilation systems for garages, and explosion-proof technology products. It also offers structure protections, including plate systems, spray systems, installation transition systems, intumescent coating systems, and spraying acoustic plasters.

Mercor Fundamentals Summary

How do Mercor's earnings and revenue compare to its market cap?
MCR fundamental statistics
Market Capzł202.51m
Earnings (TTM)zł25.38m
Revenue (TTM)zł451.97m

8.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCR income statement (TTM)
Revenuezł451.97m
Cost of Revenuezł343.92m
Gross Profitzł108.05m
Other Expenseszł82.67m
Earningszł25.38m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Dec 05, 2022

Earnings per share (EPS)1.63
Gross Margin23.91%
Net Profit Margin5.62%
Debt/Equity Ratio48.6%

How did MCR perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MCR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MCR?

Other financial metrics that can be useful for relative valuation.

MCR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA7.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

MCR PE Ratio vs Peers
The above table shows the PE ratio for MCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.8x
CPR Compremum
3.9xn/azł98.4m
TRR Termo-Rex
43xn/azł71.5m
FRO FERRO
6.8xn/azł492.8m
PJP PJP Makrum
5.4xn/azł47.9m
MCR Mercor
8xn/azł202.5m

Price-To-Earnings vs Peers: MCR is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (14.8x).


Price to Earnings Ratio vs Industry

How does MCR's PE Ratio compare vs other companies in the European Building Industry?

Price-To-Earnings vs Industry: MCR is good value based on its Price-To-Earnings Ratio (8x) compared to the European Building industry average (12.3x)


Price to Earnings Ratio vs Fair Ratio

What is MCR'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.

MCR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MCR (PLN13) is trading above our estimate of fair value (PLN8.67)

Significantly Below Fair Value: MCR is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.8%

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.


Discover growth companies

  • Examine Mercor's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Mercor competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mercor performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCR has high quality earnings.

Growing Profit Margin: MCR's current net profit margins (5.6%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: MCR's earnings have grown significantly by 33.1% per year over the past 5 years.

Accelerating Growth: MCR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MCR had negative earnings growth (-11.3%) over the past year, making it difficult to compare to the Building industry average (-16.9%).


Return on Equity

High ROE: MCR's Return on Equity (14.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Mercor's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MCR's short term assets (PLN211.9M) exceed its short term liabilities (PLN120.4M).

Long Term Liabilities: MCR's short term assets (PLN211.9M) exceed its long term liabilities (PLN100.3M).


Debt to Equity History and Analysis

Debt Level: MCR's net debt to equity ratio (34.9%) is considered satisfactory.

Reducing Debt: MCR's debt to equity ratio has reduced from 62.7% to 48.6% over the past 5 years.

Debt Coverage: MCR's debt is well covered by operating cash flow (20.1%).

Interest Coverage: MCR's interest payments on its debt are well covered by EBIT (16.5x coverage).


Balance Sheet


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Dividend

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

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.38%

Current Dividend Yield

Dividend Yield vs Market

Mercor Dividend Yield vs Market
How does Mercor dividend yield compare to the market?
SegmentDividend Yield
Company (Mercor)4.4%
Market Bottom 25% (PL)3.0%
Market Top 25% (PL)9.4%
Industry Average (Building)2.5%
Analyst forecast in 3 Years (Mercor)n/a

Notable Dividend: MCR's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Polish market (3.02%).

High Dividend: MCR's dividend (4.38%) is low compared to the top 25% of dividend payers in the Polish market (9.44%).


Stability and Growth of Payments

Stable Dividend: MCR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MCR has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MCR is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

zł785k

CEO Compensation


CEO

Krzysztof Krempec

no data

Tenure

zł785,000

Compensation

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

What is the ownership structure of MCR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders535,3573.4%
General Public1,517,5879.7%
Institutions4,495,11728.9%
Private Companies9,029,34958.0%

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


Top Shareholders

Top 15 shareholders own 90.26% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
26.34%
Permag Sp. Z O.O.
4,102,994PLN53.3m0%no data
25.2%
Bangtino Limited
3,925,502PLN51.0m0%no data
9.34%
NN Investment Partners Holdings N.V.
1,454,465PLN18.9m-7.17%0.01%
9.32%
Powszechne Towarzystwo Emerytalne PZU SA
1,452,000PLN18.9m0%0.17%
6.43%
N50 Cyprus Limited
1,000,853PLN13.0m0%no data
5.08%
Allianz Asset Management AG
791,018PLN10.3m0%no data
3.34%
Eryk Karski
519,749PLN6.8m69.34%no data
1.97%
Copernicus Capital Towarzystwo Funduszy Inwestycyjnych S.A.
306,933PLN4.0m0%9.04%
1.88%
Norges Bank Investment Management
292,979PLN3.8m0%no data
0.66%
BNPP Asset Management Holding
102,916PLN1.3m-31.28%no data
0.44%
Millennium Towarzystwo Funduszy Inwestycyjnych SA
68,722PLN893.4k-4.1%0.2%
0.1%
Krzysztof Krempec
15,608PLN202.9k0%no data
0.089%
AgioFunds Towarzystwo Funduszy Inwestycyjnych S.A.
13,894PLN180.6k-30.9%0.03%
0.059%
Towarzystwo Funduszy Inwestycyjnych BGZ BNP Paribas S.A.
9,190PLN119.5k-46.97%0.09%
0.019%
Esaliens TFI S.A.
3,000PLN39.0k-80%no data

Company Information

Mercor S.A.'s 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
  • Implied Market Cap: zł202.506m
  • Shares outstanding: 15.58m
  • Website: https://www.mercor.com.pl

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCRWSE (Warsaw Stock Exchange)YesCommon StockPLPLNJul 2007

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2021/12/31
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.