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Financial Analysis

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MRN.PA$42.20+1.00%
Fair $42.20+0.0%

MRN.PA

Mersen S.A.

Industrials / Electrical Equipment & PartsParis

$42.20

+0.42 (+1.00%)

Fairly Valued+0.0%Fair Value $42.20Fund rank 25/100 · Data gapFallback financials|
SA 50/C
F-Score: 4/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 19%

FCF escenarios

weak_data · normalized FCF $-8.0M · quality 41.3/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 15/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

50/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: yahooPeriods: 5Warnings: 1yahoo: 5
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 1.8%, below the 5% threshold
Thesis & Journal · MRN.PALocal privado en este navegador · Mersen S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.0B

P/E

74.0x

↑

EV/EBITDA

10.6x

↑

ROE

1.8%

↓

Gross Margin

29.6%

↑

Debt/Equity

0.58

↑
52-Week Range$42
$20$43

TradingView lightweight chart

MRN.PA price, volumen y niveles de valoración

Último $42.24Periodo +3.6%
Fair value: $42.20

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2025 · 4 años de histórico normalizado

Revenue CAGR

+6.5%

FCF CAGR

+15.8%

FCF margin

3.6%

FCF / Net income

3.07x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.19B · net income $14.1M · FCF $43.3M

2021-FY → 2025-FY

Gross margin

29.6%-1.8% pts

Operating margin

9.2%-0.8% pts

Net margin

1.2%-4.7% pts

FCF margin

3.6%+1.0% pts
MetricTTM
2025
2024
2023
2022
2021
Income Statement
Revenue$1.19B$1.19B$1.24B$1.21B$1.11B$922.8M
Net Income$14.1M$14.1M$59.0M$81.6M$67.7M$54.4M
EBITDA$133.6M$133.6M$176.5M$191.4M$171.1M$142.1M
EPS0.570.572.373.423.082.47
Gross Margin29.6%29.6%31.0%31.8%31.2%31.4%
Operating Margin9.2%9.2%10.5%11.3%10.9%10.0%
Net Margin1.2%1.2%4.7%6.7%6.1%5.9%
Balance Sheet
Debt/Equity0.580.580.560.410.600.53
Current Ratio1.471.47————
Cash Flow
Free Cash Flow$43.3M$43.3M$-22.6M$-8.0M$2.0M$24.1M
Returns
ROE1.8%1.8%6.9%10.4%10.2%9.0%
Valuation
P/E74.0474.048.719.8412.0414.26
EV/EBITDA10.5910.595.335.696.727.39
P/B1.341.340.611.021.231.29
Growth & Yield
Revenue Growth-4.6%-4.6%2.7%8.6%——
EPS Growth-75.9%-75.9%-30.7%11.0%——
Dividend Yield2.1%2.1%————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

87.3%

muy exigente

EPS terminal req.

$3.74

Spread vs growth

-163.2%

5Y implied EPS CAGR

51.4%

muy exigente

EPS terminal req.

$4.53

Spread vs growth

-127.3%

10Y implied EPS CAGR

29.0%

muy exigente

EPS terminal req.

$7.30

Spread vs growth

-105.0%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +112.3%

Total return

+112.3%

Start / end P/E

8.5x → 74.1x

EPS bridge

2.37 → 0.57

Residual

-587.7%

EPS growth-75.9%
Multiple rerating+773.8%
Dividend+2.1%
Residual / FX / buybacks / cross-term-587.7%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.