MERSEN (FR:MRN)
:MRN
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MERSEN
(MRN)
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Rating:61Neutral
Price Target:
€35.00
▲(25.54% Upside)
Action:ReiteratedDate:05/05/26
The score is driven primarily by weakened 2025 financial performance (profitability and ROE compression, uneven free cash flow) despite moderate leverage and steady operating cash flow. Technicals are a clear positive with a strong uptrend, but overbought signals temper it. Valuation is a headwind due to the elevated P/E, only partly offset by the dividend yield.
Positive Factors
Engineered products into critical end-markets
Mersen’s two-segment model (Electrical Power and Advanced Materials) supplies engineered, often customized components into critical industrial and tech end-markets. That creates durable, repeatable program and aftermarket demand, supports pricing differentiation versus commodities and underpins steady revenue streams over the medium term.
Negative Factors
Recent revenue decline
After multi-year growth, the top line softened in 2025. A sustained or recurring revenue contraction erodes scale benefits, reduces bargaining leverage with suppliers, and can pressure margins and planned investments, making recovery of prior profitability levels harder over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Engineered products into critical end-markets
Mersen’s two-segment model (Electrical Power and Advanced Materials) supplies engineered, often customized components into critical industrial and tech end-markets. That creates durable, repeatable program and aftermarket demand, supports pricing differentiation versus commodities and underpins steady revenue streams over the medium term.
Read all positive factors
MERSEN (MRN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€832.81M
Dividend Yield3.94%
Average Volume (3M)39.22K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-4.60%
EPS Growth-75.90%
CountryFR
Employees7,066
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.59
Shares Outstanding24,418,312
10 Day Avg. Volume45,390
30 Day Avg. Volume39,223
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.68
Price to Sales (P/S)0.45
P/FCF Ratio14.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€30.50Price Target Upside9.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.28
Revenue Forecast (FY)€1.22B
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...
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...
MERSEN Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| 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
Positive
27.88
Price Trends
25.30
Positive
24.38
Positive
24.04
Positive
Market Momentum
0.63
Negative
71.13
Negative
89.90
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 27.88 is above the 20-day moving average (MA) of 23.81, above the 50-day MA of 25.30, and above the 200-day MA of 24.04, indicating a bullish trend. The MACD of 0.63 indicates Negative momentum. The RSI at 71.13 is Negative, neither overbought nor oversold. The STOCH value of 89.90 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €7.12B | -8.74 | 25.83% | 2.08% | -8.61% | -80.32% | |
71 Outperform | €153.54B | 14.70 | 15.76% | 1.65% | 5.24% | -2.65% | |
70 Outperform | €46.84B | 11.68 | 22.17% | 1.66% | 7.58% | 61.83% | |
67 Neutral | €40.95B | 25.70 | 17.16% | 1.73% | 9.46% | 8.75% | |
61 Neutral | €832.81M | -8.72 | 6.02% | 3.94% | -4.60% | -75.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | €195.92M | -1.98 | -22.05% | ― | 7.21% | 47.92% |
* General Sector Average
FR:MRN
MERSEN
34.18
14.36
72.47%
FR:LAT
Latecoere
0.02
<0.01
7.14%
FR:LR
LEGRAND
156.50
55.53
54.99%
FR:NEX
Nexans
162.80
67.02
69.97%
FR:SU
Schneider Electric
272.60
61.59
29.19%
FR:HO
Thales
227.90
-14.57
-6.01%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.