Mercialys stock
MERY.PAPARReal EstateISIN FR0010241638
54Score 54 out of 100, Neutral
Price and trend
55 / 100
Price history
−7.5% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 12% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Overheated: the price has risen very quickly lately (RSI 73).
The price is 23% below its 52-week high. Largest decline in 20 years: 88% (June 2008 to October 2020).
Chart figures for advanced users
- SMA 50$11.06
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$12.57
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)73
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$10.41
- The lowest closing price of the last twelve months.
- Resistance$14.31
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Mercialys belongs to the REIT (Retail) industry (France) and, with a market value of $1.03B, is number 27 of 37 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $263.25M (up 7% year on year) and earnings of $37.79M (down 36.8%).
- MEQIRI Score 54 out of 100 (Neutral): rank 180 of 327 in Real Estate, median 55.
Show more
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $18.01, with the price 38% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High dividend yieldDividend yield 10.03%, REIT (Retail) median 5.04%.Capital allocation 55
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 70
Weaknesses
- Interest barely coveredOperating profit covers interest only 1.7 times.Stability 53
- Earnings per share fallingDown 17.5% a year since 2020.Growth 24
- Margin fallingOperating margin 33.3%, average of the prior years 50.4% (to 2024).Profitability 60
Its standout strengths are valuation and fundamentals, while momentum and growth hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- low growth grade (crashed less often in the backtest)
Valuation
Valuation signal
Possible value trapClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $15.01 and expensive above $22.52 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $23.57 (cash-flow model) and $12.45 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.8%. At 8.8% the fair value would be $16.04, at 6.8% it would be $20.97.
Possible value trap: looks cheap, but weak growth.
Valuation metrics
Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (13.8). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Jun 2026, revenue rose 8.5% on the twelve months before. Revenue has grown solidly since 2006, at about 6% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 46%, operating 33%, net 14%. Last 12 months: net 23%.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 11 Feb 2027in 91 days
- Last reported
- 28 Jul 2026EPS reported $0.77
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $1.44−1.1%
- Revenue
- $210.43M−0.5%
- Earnings per share
- $1.46−0.7%
- Revenue
- $216.32M−0.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Mercialys
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 54
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- CBL & Associates PropertiesCBL $1.65B66
- Alexander'sALX $1.27B64
- FreyFREY.PA $1.19B60
- Retail EstatesRET.BR $1.07B62
- WereldhaveWHA.AS $955.97M57
- Saul CentersBFS $705.92M55
- Wereldhave BelgiumWEHB.BR $661.58M66
- Vastned BelgiumVASTB.BR $485.91M60
ETFs that hold Mercialys
Held by 22 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares European Property Yield UCITS ETFIQQP | 0.76% | 0.40% | €762.78M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 0.69% | 0.30% | €113.99M |
| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 0.69% | 0.33% | €18.23M |
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| Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF DISTLGWU | 0.47% | 0.40% | €575.19M |
| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 0.47% | 0.33% | €639.74M |
| iShares MSCI EMU Small Cap UCITS ETFSXRJ | 0.17% | 0.58% | €834.67M |
| Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF DistX026 | 0.17% | 0.23% | €319.31M |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1CXXSC | 0.07% | 0.30% | €3.43B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = €0.8987)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.