(MERY) Mercialys - Ratings and Ratios
Retail Properties, Shopping Centers, Commercial Real Estate
MERY EPS (Earnings per Share)
MERY Revenue
Description: MERY Mercialys
Mercialys SA is a French real estate investment trust (REIT) specializing in retail properties. As a Retail REIT, the companys performance is closely tied to the overall health of the retail sector, consumer spending, and the French economy.
The companys market capitalization stands at approximately €1.062 billion, with a price-to-earnings (P/E) ratio of 33.47, indicating a relatively high valuation compared to its current earnings. However, the forward P/E ratio is significantly lower at 8.98, suggesting expected growth in earnings. The return on equity (RoE) is 13.99%, indicating a decent return for shareholders.
Key drivers for Mercialys SAs performance include occupancy rates, rental income growth, and the overall condition of its retail property portfolio. The companys ability to adapt to changing consumer behaviors, such as the shift towards e-commerce, will be crucial. Key performance indicators (KPIs) to watch include same-store sales growth, occupancy rates, and the ratio of debt to equity.
Economic drivers influencing Mercialys SA include French consumer spending, interest rates, and the overall state of the European retail market. As a REIT, the company is sensitive to interest rate changes, which can affect its cost of capital and attractiveness relative to other income-generating investments. The companys beta of 1.494 indicates that its stock price is more volatile than the overall market, suggesting a higher risk profile.
To evaluate Mercialys SAs investment potential, its essential to analyze its financial health, including its debt profile, interest coverage ratio, and cash flow generation capabilities. Additionally, comparing its valuation multiples with those of its peers in the Retail REITs sector can provide insights into whether the stock is undervalued or overvalued.
MERY Stock Overview
| Market Cap in USD | 1,174m |
| Sub-Industry | Retail REITs |
| IPO / Inception | 2005-10-12 |
MERY Stock Ratings
| Growth Rating | 78.3% |
| Fundamental | 69.1% |
| Dividend Rating | 94.1% |
| Return 12m vs S&P 500 | -10.8% |
| Analyst Rating | - |
MERY Dividends
| Dividend Yield 12m | 9.28% |
| Yield on Cost 5y | 35.97% |
| Annual Growth 5y | 19.84% |
| Payout Consistency | 92.3% |
| Payout Ratio | 2.9% |
MERY Growth Ratios
| Growth Correlation 3m | -37.8% |
| Growth Correlation 12m | 87.1% |
| Growth Correlation 5y | 88.1% |
| CAGR 5y | 16.15% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.78 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.09 |
| Sharpe Ratio 12m | 0.94 |
| Alpha | -18.46 |
| Beta | 1.528 |
| Volatility | 20.24% |
| Current Volume | 246.9k |
| Average Volume 20d | 132k |
| Stop Loss | 10.4 (-3.5%) |
| Signal | -1.22 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (85.8m TTM) > 0 and > 6% of Revenue (6% = 21.3m TTM) |
| FCFTA 0.10 (>2.0%) and ΔFCFTA 0.25pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 14.27% (prev 26.77%; Δ -12.50pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 237.7m > Net Income 85.8m (YES >=105%, WARN >=100%) |
| Net Debt (1.27b) to EBITDA (253.3m) ratio: 5.01 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.11 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (93.3m) change vs 12m ago 0.03% (target <= -2.0% for YES) |
| Gross Margin 90.63% (prev 82.49%; Δ 8.14pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 15.41% (prev 13.05%; Δ 2.36pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.99 (EBITDA TTM 253.3m / Interest Expense TTM 37.9m) >= 6 (WARN >= 3) |
Altman Z'' 1.02
| (A) 0.02 = (Total Current Assets 517.0m - Total Current Liabilities 466.3m) / Total Assets 2.46b |
| (B) -0.00 = Retained Earnings (Balance) -3.60m / Total Assets 2.46b |
| (C) 0.08 = EBIT TTM 189.3m / Avg Total Assets 2.31b |
| (D) 0.32 = Book Value of Equity 581.2m / Total Liabilities 1.82b |
| Total Rating: 1.02 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.10
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 10.07% = 5.0 |
| 3. FCF Margin 66.62% = 7.50 |
| 4. Debt/Equity 2.97 = -0.73 |
| 5. Debt/Ebitda 5.01 = -2.50 |
| 6. ROIC - WACC (= 6.17)% = 7.72 |
| 7. RoE 13.99% = 1.17 |
| 8. Rev. Trend 35.43% = 2.66 |
| 9. EPS Trend -24.08% = -1.20 |
What is the price of MERY shares?
Over the past week, the price has changed by -0.55%, over one month by -2.00%, over three months by -2.88% and over the past year by +2.77%.
Is Mercialys a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MERY is around 12.22 EUR . This means that MERY is currently undervalued and has a potential upside of +13.36% (Margin of Safety).
Is MERY a buy, sell or hold?
What are the forecasts/targets for the MERY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.2 | 22.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 13.3 | 23.2% |
MERY Fundamental Data Overview
Market Cap EUR = 1.01b (1.01b EUR * 1.0 EUR.EUR)
P/E Trailing = 31.7059
P/E Forward = 8.547
P/S = 5.6959
P/B = 1.7758
Beta = 1.528
Revenue TTM = 355.7m EUR
EBIT TTM = 189.3m EUR
EBITDA TTM = 253.3m EUR
Long Term Debt = 1.24b EUR (from longTermDebt, last quarter)
Short Term Debt = 395.2m EUR (from shortTermDebt, last quarter)
Debt = 1.71b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.27b EUR (from netDebt column, last quarter)
Enterprise Value = 2.35b EUR (1.01b + Debt 1.71b - CCE 364.5m)
Interest Coverage Ratio = 4.99 (Ebit TTM 189.3m / Interest Expense TTM 37.9m)
FCF Yield = 10.07% (FCF TTM 237.0m / Enterprise Value 2.35b)
FCF Margin = 66.62% (FCF TTM 237.0m / Revenue TTM 355.7m)
Net Margin = 24.13% (Net Income TTM 85.8m / Revenue TTM 355.7m)
Gross Margin = 90.63% ((Revenue TTM 355.7m - Cost of Revenue TTM 33.3m) / Revenue TTM)
Gross Margin QoQ = 94.02% (prev 83.18%)
Tobins Q-Ratio = 0.95 (Enterprise Value 2.35b / Total Assets 2.46b)
Interest Expense / Debt = 2.22% (Interest Expense 37.9m / Debt 1.71b)
Taxrate = 2.87% (457.0k / 15.9m)
NOPAT = 183.9m (EBIT 189.3m * (1 - 2.87%))
Current Ratio = 1.11 (Total Current Assets 517.0m / Total Current Liabilities 466.3m)
Debt / Equity = 2.97 (Debt 1.71b / totalStockholderEquity, last quarter 575.4m)
Debt / EBITDA = 5.01 (Net Debt 1.27b / EBITDA 253.3m)
Debt / FCF = 5.35 (Net Debt 1.27b / FCF TTM 237.0m)
Total Stockholder Equity = 613.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.48% (Net Income 85.8m / Total Assets 2.46b)
RoE = 13.99% (Net Income TTM 85.8m / Total Stockholder Equity 613.4m)
RoCE = 10.20% (EBIT 189.3m / Capital Employed (Equity 613.4m + L.T.Debt 1.24b))
RoIC = 11.84% (NOPAT 183.9m / Invested Capital 1.55b)
WACC = 5.67% (E(1.01b)/V(2.72b) * Re(11.65%) + D(1.71b)/V(2.72b) * Rd(2.22%) * (1-Tc(0.03)))
Discount Rate = 11.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.02%
[DCF Debug] Terminal Value 66.61% ; FCFE base≈222.7m ; Y1≈227.1m ; Y5≈250.3m
Fair Price DCF = 27.62 (DCF Value 2.58b / Shares Outstanding 93.4m; 5y FCF grow 1.73% → 3.0% )
EPS Correlation: -24.08 | EPS CAGR: -58.19% | SUE: 0.0 | # QB: 0
Revenue Correlation: 35.43 | Revenue CAGR: 29.89% | SUE: 1.18 | # QB: 2