Company Valuation: Mersen

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 766.3 778 851.6 501.8 580.7 1,010 - -
Change - 1.52% 9.47% -41.08% 15.72% 73.92% - -
Enterprise Value (EV) 1 1,012 1,074 1,064 872.1 963.2 1,423 1,392 1,343
Change - 6.12% -0.91% -18.05% 10.44% 47.78% -2.23% -3.48%
P/E 14.3x 11.8x 10.3x 8.69x 41.8x 17.7x 13.7x 11.5x
PBR 1.28x 1.19x 1.08x 0.61x 0.74x 1.25x 1.15x 1.1x
PEG - 0.5x 1.57x -0.3x -0.6x 0x 0.5x 0.6x
Capitalization / Revenue 0.83x 0.7x 0.7x 0.4x 0.49x 0.83x 0.77x 0.72x
EV / Revenue 1.1x 0.96x 0.88x 0.7x 0.81x 1.16x 1.06x 0.96x
EV / EBITDA 6.8x 5.76x 5.25x 4.24x 5.06x 7.37x 6.33x 5.54x
EV / EBIT 10.9x 8.83x 7.75x 6.65x 8.83x 13.3x 10.9x 9.18x
EV / FCF 42x 129x 355x -84.7x 161x 41.9x 22.6x 18.2x
FCF Yield 2.38% 0.77% 0.28% -1.18% 0.62% 2.39% 4.42% 5.49%
Dividend per Share 2 1 1.25 1.25 0.9 0.9 0.86 1.05 1.245
Rate of return 2.71% 3.31% 3.55% 4.37% 3.77% 2.06% 2.51% 2.98%
EPS 2 2.58 3.21 3.42 2.37 0.57 2.355 3.041 3.629
Distribution rate 38.8% 38.9% 36.5% 38% 158% 36.5% 34.5% 34.3%
Net sales 1 922.8 1,115 1,211 1,244 1,186 1,224 1,309 1,404
EBITDA 1 148.8 186.4 202.7 205.5 190.4 193.2 219.7 242.3
EBIT 1 92.6 121.6 137.3 131.1 109.1 106.7 128 146.4
Net income 1 54.4 67.7 81.6 59 14.1 55.62 69.82 80.67
Net Debt 1 245.7 296 212.5 370.3 382.5 413.5 381.8 333.3
Reference price 2 36.90 37.75 35.20 20.60 23.85 41.78 41.78 41.78
Nbr of stocks (in thousands) 20,768 20,608 24,194 24,360 24,347 24,172 - -
Announcement Date 16/03/22 14/03/23 12/03/24 13/03/25 31/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.12x2.49x10.97x2.82% 260B
26.78x3.12x16.9x1.98% 248B
30.2x3.88x17.9x1.64% 179B
50.87x6.81x29.33x0.86% 162B
34.47x5.31x22.62x1.08% 161B
102.51x14.33x74.26x0.29% 119B
51.57x8.26x33.6x0.08% 122B
28.54x4.69x16.39x1.59% 79.29B
37.3x5.86x24.93x1.07% 54.6B
Average 42.26x 6.08x 27.43x 1.27% 153.77B
Weighted average by Cap. 38.54x 5.40x 24.74x 1.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield