(MRN) Mersen - Ratings and Ratios
Fuses, Graphite, Surge Protection, Switchgear, Capacitors
Description: MRN Mersen
Mersen S.A. is a global provider of electrical power products and advanced materials, operating across multiple regions including France, North America, Europe, Asia-Pacific, and internationally. The companys diverse product portfolio is organized into two main segments: Advanced Materials (AM) and Electrical Power (EP), catering to a wide range of industries such as semiconductors, electric vehicles, renewable energy, aerospace, and chemicals.
The companys product offerings include specialized components like fuses, surge protection, power distribution blocks, and graphite products, as well as more complex systems such as power transfer for rail, cooling, and heat exchangers. Additionally, Mersen provides engineered panels, carbon brushes, and brush-holders, as well as process technologies and slip rings, serving various markets including energy production, transmission, and distribution, and energy conversion.
With a history dating back to 1889, Mersen has evolved significantly, having changed its name from Groupe Carb/one Lorraine SA to Mersen S.A. in 2010. Headquartered in Courbevoie, France, the company has established itself as a key player in the electrical components and equipment industry, with a global presence and a diverse customer base.
Analyzing the companys technical data, we observe that the stock price is currently at 22.60 EUR, with a 20-day simple moving average (SMA) of 20.66 EUR, indicating a positive trend. The 50-day SMA is at 20.21 EUR, and the 200-day SMA is at 21.32 EUR, further supporting the bullish sentiment. The average true range (ATR) is 0.55, corresponding to a volatility of 2.43%. Considering the fundamental data, Mersens market capitalization stands at 493.99M EUR, with a price-to-earnings (P/E) ratio of 8.46 and a forward P/E of 8.68, indicating a relatively undervalued stock. The return on equity (RoE) is 17.54%, demonstrating the companys ability to generate profits.
Based on the technical and fundamental analysis, our forecast suggests that Mersens stock price is likely to continue its upward trend, driven by the companys strong product portfolio, diversified industry exposure, and improving financial performance. We anticipate that the stock price will reach 25 EUR in the short term, representing a potential upside of 10.6% from the current level. However, it is essential to monitor the companys future performance and adjust the forecast accordingly.
MRN Stock Overview
| Market Cap in USD | 736m |
| Sub-Industry | Electrical Components & Equipment |
| IPO / Inception |
MRN Stock Ratings
| Growth Rating | 11.4% |
| Fundamental | 74.8% |
| Dividend Rating | 58.6% |
| Return 12m vs S&P 500 | -5.59% |
| Analyst Rating | - |
MRN Dividends
| Dividend Yield 12m | 3.53% |
| Yield on Cost 5y | 4.41% |
| Annual Growth 5y | 26.13% |
| Payout Consistency | 76.2% |
| Payout Ratio | 45.2% |
MRN Growth Ratios
| Growth Correlation 3m | 57.6% |
| Growth Correlation 12m | 56.3% |
| Growth Correlation 5y | -0.1% |
| CAGR 5y | -4.94% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.08 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.19 |
| Sharpe Ratio 12m | -0.11 |
| Alpha | -11.44 |
| Beta | 1.227 |
| Volatility | 28.58% |
| Current Volume | 34.6k |
| Average Volume 20d | 33.8k |
| Stop Loss | 24.5 (-3.4%) |
| Signal | 0.23 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (126.0m TTM) > 0 and > 6% of Revenue (6% = 147.4m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 3.54pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 7.57% (prev 17.42%; Δ -9.86pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.21 (>3.0%) and CFO 378.9m > Net Income 126.0m (YES >=105%, WARN >=100%) |
| Net Debt (447.6m) to EBITDA (380.7m) ratio: 1.18 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.39 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (24.9m) change vs 12m ago 8.14% (target <= -2.0% for YES) |
| Gross Margin 30.86% (prev 31.52%; Δ -0.67pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 146.8% (prev 113.5%; Δ 33.31pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 5.26 (EBITDA TTM 380.7m / Interest Expense TTM 46.6m) >= 6 (WARN >= 3) |
Altman Z'' 1.73
| (A) 0.10 = (Total Current Assets 663.9m - Total Current Liabilities 478.0m) / Total Assets 1.83b |
| (B) 0.02 = Retained Earnings (Balance) 29.3m / Total Assets 1.83b |
| (C) 0.15 = EBIT TTM 245.3m / Avg Total Assets 1.67b |
| (D) 0.02 = Book Value of Equity 20.8m / Total Liabilities 1.01b |
| Total Rating: 1.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 74.75
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 1.56% = 0.78 |
| 3. FCF Margin 0.69% = 0.17 |
| 4. Debt/Equity 0.77 = 2.21 |
| 5. Debt/Ebitda 1.18 = 1.51 |
| 6. ROIC - WACC (= 9.37)% = 11.71 |
| 7. RoE 15.54% = 1.29 |
| 8. Rev. Trend 94.23% = 7.07 |
| 10. EPS Trend data missing |
What is the price of MRN shares?
Over the past week, the price has changed by -0.97%, over one month by +6.92%, over three months by +18.33% and over the past year by +8.44%.
Is Mersen a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MRN is around 24.60 EUR . This means that MRN is currently overvalued and has a potential downside of -2.96%.
Is MRN a buy, sell or hold?
What are the forecasts/targets for the MRN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 28.4 | 11.9% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.9 | 6% |
MRN Fundamental Data Overview
Market Cap EUR = 634.2m (634.2m EUR * 1.0 EUR.EUR)
P/E Trailing = 13.0905
P/E Forward = 8.6806
P/S = 0.5156
P/B = 0.7883
Beta = 1.227
Revenue TTM = 2.46b EUR
EBIT TTM = 245.3m EUR
EBITDA TTM = 380.7m EUR
Long Term Debt = 399.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 166.0m EUR (from shortTermDebt, last quarter)
Debt = 609.2m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 447.6m EUR (from netDebt column, last quarter)
Enterprise Value = 1.08b EUR (634.2m + Debt 609.2m - CCE 161.6m)
Interest Coverage Ratio = 5.26 (Ebit TTM 245.3m / Interest Expense TTM 46.6m)
FCF Yield = 1.56% (FCF TTM 16.9m / Enterprise Value 1.08b)
FCF Margin = 0.69% (FCF TTM 16.9m / Revenue TTM 2.46b)
Net Margin = 5.13% (Net Income TTM 126.0m / Revenue TTM 2.46b)
Gross Margin = 30.86% ((Revenue TTM 2.46b - Cost of Revenue TTM 1.70b) / Revenue TTM)
Gross Margin QoQ = 29.82% (prev 29.44%)
Tobins Q-Ratio = 0.59 (Enterprise Value 1.08b / Total Assets 1.83b)
Interest Expense / Debt = 2.27% (Interest Expense 13.8m / Debt 609.2m)
Taxrate = 25.19% (9.90m / 39.3m)
NOPAT = 183.5m (EBIT 245.3m * (1 - 25.19%))
Current Ratio = 1.39 (Total Current Assets 663.9m / Total Current Liabilities 478.0m)
Debt / Equity = 0.77 (Debt 609.2m / totalStockholderEquity, last quarter 792.2m)
Debt / EBITDA = 1.18 (Net Debt 447.6m / EBITDA 380.7m)
Debt / FCF = 26.49 (Net Debt 447.6m / FCF TTM 16.9m)
Total Stockholder Equity = 811.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.89% (Net Income 126.0m / Total Assets 1.83b)
RoE = 15.54% (Net Income TTM 126.0m / Total Stockholder Equity 811.0m)
RoCE = 20.27% (EBIT 245.3m / Capital Employed (Equity 811.0m + L.T.Debt 399.1m))
RoIC = 15.58% (NOPAT 183.5m / Invested Capital 1.18b)
WACC = 6.21% (E(634.2m)/V(1.24b) * Re(10.54%) + D(609.2m)/V(1.24b) * Rd(2.27%) * (1-Tc(0.25)))
Discount Rate = 10.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.21%
[DCF Debug] Terminal Value 64.27% ; FCFE base≈16.9m ; Y1≈13.1m ; Y5≈8.31m
Fair Price DCF = 4.40 (DCF Value 107.0m / Shares Outstanding 24.3m; 5y FCF grow -26.90% → 3.0% )
Revenue Correlation: 94.23 | Revenue CAGR: 16.35% | SUE: 0.96 | # QB: 1