Mercialys SA/€MERY
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09:10
12:45
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About Mercialys SA
Mercialys SA is a French real estate investment company specializing in the ownership, management, and transformation of retail properties. As of December 31, 2023, its portfolio comprised 2,038 leases, generating an annualized rental income of €175.5 million, with assets valued at €2.9 billion, including transfer taxes. The company was established in 2005 as a subsidiary of Groupe Casino and is headquartered in Paris, France. Mercialys operates shopping centers across metropolitan France and certain overseas territories, focusing on adapting to evolving consumer behaviors through strategic merchandising and service platforms. Its competitive strengths include a diversified tenant base and a commitment to corporate social responsibility, as evidenced by its inclusion in the Carbon Disclosure Project’s Climate A List for six consecutive years.
Ticker
€MERY
Sector
Primary listing
PAR
Employees
176
Headquarters
Website
Mercialys SA Metrics
BasicAdvanced
€1B
32.01
€0.34
1.48
€1.00
9.29%
Price and volume
Market cap
€1B
Beta
1.48
52-week high
€11.66
52-week low
€9.04
Average daily volume
176K
Dividend rate
€1.00
Financial strength
Current ratio
1.109
Quick ratio
1.009
Long term debt to equity
203.763
Total debt to equity
264.988
Dividend payout ratio (TTM)
297.27%
Interest coverage (TTM)
2.80%
Profitability
EBITDA (TTM)
136.408
Gross margin (TTM)
95.26%
Net profit margin (TTM)
17.79%
Operating margin (TTM)
58.02%
Effective tax rate (TTM)
2.69%
Revenue per employee (TTM)
€1,000,000
Management effectiveness
Return on assets (TTM)
2.80%
Return on equity (TTM)
4.22%
Valuation
Price to earnings (TTM)
32.007
Price to revenue (TTM)
5.695
Price to book
1.74
Price to tangible book (TTM)
1.81
Price to free cash flow (TTM)
6.638
Free cash flow yield (TTM)
15.06%
Free cash flow per share (TTM)
1.622
Dividend yield (TTM)
9.29%
Forward dividend yield
9.29%
Growth
Revenue change (TTM)
-2.59%
Earnings per share change (TTM)
-46.59%
3-year revenue growth (CAGR)
0.51%
10-year revenue growth (CAGR)
1.20%
3-year earnings per share growth (CAGR)
-9.90%
10-year earnings per share growth (CAGR)
-10.32%
3-year dividend per share growth (CAGR)
2.82%
10-year dividend per share growth (CAGR)
-4.83%
Bulls say / Bears say
Mercialys achieved like-for-like organic rental income growth of 2.7% in Q1 2025, highlighting the resilience of its portfolio and supporting its ability to meet full-year objectives.
The acquisition of the remaining 70% of ImocomPartners in March 2025 will add fee income and is expected to boost results from 2025 onward, diversifying revenue streams.
Footfall at Mercialys’ sites increased by 3.4% in H1 2025, outperforming the national panel by 240 basis points. Retailer sales rose 1.7%, signaling robust consumer engagement and supporting sustainable rental growth.
Q1 2025 invoiced rents declined by 3.7% on a current basis, reflecting the disposals completed in July 2024. This points to Mercialys’ reliance on asset sales, which could put pressure on near-term income stability.
As of December 31, 2024, the loan-to-value ratio with transfer taxes was 35.7%, a relatively high figure. This could limit Mercialys’ financial flexibility and raise refinancing costs, especially as interest rates increase.
The proportion of food-anchored tenants dropped from 20.9% to 17.3% of the rental base by end-2024, reducing exposure to defensive, essential retail and potentially making earnings more volatile if discretionary segments underperform.
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for Mercialys SA stock?
Mercialys SA (MERY) has a market cap of €1B as of September 05, 2025.
What is the P/E ratio for Mercialys SA stock?
The price to earnings (P/E) ratio for Mercialys SA (MERY) stock is 32.01 as of September 05, 2025.
Does Mercialys SA stock pay dividends?
Yes, the Mercialys SA (MERY) stock pays dividends to shareholders. As of September 05, 2025, the dividend rate is €1 and the yield is 9.29%. Mercialys SA has a payout ratio of 297.27% on a trailing twelve-month basis.
When is the next Mercialys SA dividend payment date?
The next Mercialys SA (MERY) dividend payment date is unconfirmed.
What is the beta indicator for Mercialys SA?
Mercialys SA (MERY) has a beta rating of 1.48. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.