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MERSEN
(MRN)
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Rating:59Neutral
Price Target:
€42.00
▲(16.86% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakening recent financial performance (sharp net-margin and ROE deterioration) and inconsistent free-cash-flow conversion, alongside a demanding valuation (P/E ~63). These are partly offset by a constructive technical trend with mildly positive momentum and a moderate dividend yield.
Positive Factors
Mission-critical product portfolio
Mersen supplies engineered materials and electrical protection components for demanding applications where reliability and safety matter. These requirements can support customer retention, technical differentiation and durable demand across multiple industrial end markets.
Negative Factors
Recent revenue contraction
The 2025 revenue decline interrupts the prior growth trajectory and signals weaker demand, customer activity or project timing. If persistent, lower volume would reduce operating leverage and make recovery in profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Mission-critical product portfolio
Mersen supplies engineered materials and electrical protection components for demanding applications where reliability and safety matter. These requirements can support customer retention, technical differentiation and durable demand across multiple industrial end markets.
Read all positive factors
MERSEN (MRN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€915.17M
Dividend Yield2.41%
Average Volume (3M)39.22K
Price to Earnings (P/E)57.4
Beta (1Y)1.27
Revenue Growth-3.46%
EPS Growth-68.33%
CountryFR
Employees7,575
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.65
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
€51.50Price Target Upside43.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.47
Revenue Forecast (FY)€1.23B
MERSEN Business Overview & Revenue Model
Company Description
Mersen S.A., an enterprise founded in Courbevoie, France, in 1889, is a global manufacturer and distributor of advanced materials and specialized electrical power products. Its operations span France, North America, Europe, the Asia-Pacific region...
How the Company Makes Money
Mersen makes money primarily by manufacturing and selling engineered products and systems to industrial and electrical customers. Revenue is generated through (1) product sales in its Advanced Materials segment, where Mersen supplies specialty gra...
MERSEN Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.19B | 1.19B | 1.24B | 1.21B | 1.11B | 922.80M |
| Gross Profit | 355.50M | 351.70M | 385.80M | 385.40M | 348.00M | 289.80M |
| EBITDA | 200.90M | 194.10M | 179.80M | 191.40M | 171.10M | 141.50M |
| Net Income | 15.60M | 14.10M | 59.00M | 81.60M | 67.70M | 54.40M |
Balance Sheet | ||||||
| Total Assets | 1.75B | 1.70B | 1.80B | 1.54B | 1.44B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 62.40M | 94.40M | 71.10M | 64.50M | 97.70M | 83.50M |
| Total Debt | 522.50M | 534.40M | 477.50M | 330.80M | 393.80M | 329.20M |
| Total Liabilities | 914.60M | 896.00M | 919.00M | 717.80M | 745.40M | 660.30M |
| Stockholders Equity | 808.30M | 782.80M | 850.20M | 788.20M | 661.30M | 602.30M |
Cash Flow | ||||||
| Free Cash Flow | 34.20M | 35.70M | -22.60M | -8.00M | 8.20M | 24.10M |
| Operating Cash Flow | 121.30M | 165.00M | 194.00M | 179.30M | 105.50M | 116.80M |
| Investing Cash Flow | -105.90M | -144.10M | -279.90M | -183.70M | -96.30M | -93.90M |
| Financing Cash Flow | -124.30M | 12.00M | 96.70M | -17.10M | 11.90M | -78.20M |
MERSEN Technical Analysis
Negative
35.94
Price Trends
39.02
Negative
36.20
Positive
29.82
Positive
Market Momentum
0.23
Positive
41.07
Neutral
2.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MRN, the sentiment is Negative. The current price of 35.94 is below the 20-day moving average (MA) of 39.08, below the 50-day MA of 39.02, and above the 200-day MA of 29.82, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 41.07 is Neutral, neither overbought nor oversold. The STOCH value of 2.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | €166.19B | 35.25 | 16.28% | 1.57% | 6.93% | 9.95% | |
70 Outperform | €52.63B | 34.77 | 18.73% | 1.65% | 6.89% | 118.90% | |
66 Neutral | €35.23B | 26.82 | 17.63% | 1.77% | 9.70% | 8.18% | |
60 Neutral | €6.06B | 74.24 | 10.96% | 2.19% | -12.95% | -145.02% | |
59 Neutral | €915.17M | 57.35 | 1.79% | 2.50% | -3.46% | -68.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €188.29M | -5.92 | -33.18% | ― | 7.21% | 47.92% |
* General Sector Average
FR:MRN
MERSEN
37.28
12.43
50.01%
FR:LAT
Latecoere
0.01
<0.01
7.69%
FR:LR
LEGRAND
134.65
6.29
4.90%
FR:NEX
Nexans
141.80
10.60
8.08%
FR:SU
Schneider Electric
296.80
86.84
41.36%
FR:HO
Thales
253.10
24.82
10.87%
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.