MERSEN (MRN) AI Stock Analysis

• Market Cap: €650.07M
• Dividend Yield: 3.94%
• Average Volume (3M): 39.22K
• Price to Earnings (P/E): 41.3
• Beta (1Y): 1.25
• Revenue Growth: 0.23%
• EPS Growth: -35.65%
• Country: FR
• Employees: 7,066
• Sector: General
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.62
• Shares Outstanding: 24,418,312
• 10 Day Avg. Volume: 45,390
• 30 Day Avg. Volume: 39,223
• PEG Ratio: -0.54
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.45
• P/FCF Ratio: 14.81
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €27.00
• Price Target Upside: 1.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.48
• Revenue Forecast (FY): €1.23B

• Rating: 53 Neutral
• Price Target: €25.00 ▼(-6.30% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is driven primarily by weakening 2025 fundamentals (revenue decline and sharply lower net profitability) and inconsistent free cash flow, despite manageable leverage and steady operating cash flow. Technical indicators are mixed and do not provide a strong bullish signal, while valuation is a headwind due to the high P/E, only partly supported by the dividend yield.

Positive Factors

Diversified, critical product portfolio

Mersen’s dual-segment model (Electrical Power and Advanced Materials) supplies critical components across energy, transport, electronics and industrial markets. Diversified end markets, engineered products and recurring aftermarket demand provide resilience, steady replacement cycles and differentiated pricing power over time.

Negative Factors

Recent revenue decline / weakening top-line

A 2025 revenue decline after prior multi-year growth suggests demand softness or lost commercial momentum in key end markets. Reduced top-line growth limits operating leverage, makes margin recovery harder, and raises the risk that medium-term growth targets will be missed absent sustained demand improvement.

MERSEN Business Overview & Revenue Model

Company Description

Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. It operates through Advanced Materials and Electrical Power segments. The company of...

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Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally. It operates through Advanced Materials and Electrical Power segments. The company of...

How the Company Makes Money

Mersen makes money by selling engineered products and solutions to industrial and technology customers, generating revenue primarily through two major lines of business. (1) Electrical Power segment: Revenue comes from the sale of electrical prote...

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Mersen makes money by selling engineered products and solutions to industrial and technology customers, generating revenue primarily through two major lines of business. (1) Electrical Power segment: Revenue comes from the sale of electrical prote...

MERSEN Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.19B	1.24B	1.21B	1.11B	922.80M
Gross Profit	349.80M	385.80M	385.40M	348.00M	289.80M
EBITDA	109.10M	179.80M	191.40M	171.10M	141.50M
Net Income	12.80M	59.00M	81.60M	67.70M	54.40M
Balance Sheet
Total Assets	1.61B	1.80B	1.54B	1.44B	1.29B
Cash, Cash Equivalents and Short-Term Investments	86.30M	71.10M	64.50M	97.70M	83.50M
Total Debt	534.40M	477.50M	330.80M	393.80M	329.20M
Total Liabilities	896.00M	919.00M	717.80M	745.40M	660.30M
Stockholders Equity	782.80M	850.20M	788.20M	661.30M	602.30M
Cash Flow
Free Cash Flow	35.70M	-22.60M	-8.00M	8.20M	24.10M
Operating Cash Flow	165.00M	194.00M	179.30M	105.50M	116.80M
Investing Cash Flow	-144.10M	-279.90M	-183.70M	-96.30M	-93.90M
Financing Cash Flow	12.00M	96.70M	-17.10M	11.90M	-78.20M

MERSEN Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MRN, the sentiment is Positive. The current price of 26.68 is above the 20-day moving average (MA) of 23.51, above the 50-day MA of 25.24, and above the 200-day MA of 23.98, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 65.92 is Neutral, neither overbought nor oversold. The STOCH value of 91.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:MRN.

MERSEN Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SU	71 Outperform	€149.93B	31.72	15.76%	1.65%	7.89%	11.06%
HO	70 Outperform	€55.33B	28.20	22.17%	1.66%	11.16%	-50.57%
LR	67 Neutral	€38.68B	26.81	17.16%	1.73%	12.62%	17.18%
NEX	60 Neutral	€5.88B	15.79	25.83%	2.08%	12.65%	81.77%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
MRN	53 Neutral	€650.07M	41.31	6.02%	3.94%	0.23%	-35.65%
LAT	43 Neutral	€193.38M	-1.98	-22.05%	―	8.61%	-216.67%