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Mersen S.A. (MRN.PA)

EUR37.12 -0.66 (-1.75%)
FR PAR Industrials Electrical Equipment & Parts
Address Tour EQHO 92400
Courbevoie, FR
CEO Luc Themelin
Website mersen.com
IPO 2000-01-03
ISIN FR0000039620

Explore sections of this company profile

Also trades on Euronext Paris · MRN.PA (EUR) Other OTC · CBLNF (USD) Other OTC · CBLNY (USD)
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, and other international markets, structured around two primary segments: Advanced Materials and Electrical Power. The Electrical Power segment provides a comprehensive suite of solutions, featuring electrical protection and control devices such as various low, medium, and high-voltage fuses (including general-purpose, high-speed, and DC protection for electric vehicles and batteries), power transfer systems for railway applications, surge and lightning protection, and power monitoring technologies. This division also supplies power management components like cooling solutions, bus bars, and aluminum electrolytic and film capacitors. Within its Advanced Materials segment, Mersen produces a wide array of anticorrosion equipment, encompassing heat exchangers, columns, reactors, pressure vessels, and various PTFE/PFA components (bellows, pipes, fittings), alongside graphite bursting discs and other corrosion-resistant materials, supported by after-sales and maintenance services. This segment also specializes in graphite products, including isostatic, extruded, and flexible graphite, carbon insulation, carbon/carbon composites, and silicon carbide. Furthermore, Mersen manufactures diverse carbon-based components crucial for power and signal transmission, such as carbon brushes, brush-holders, rotary joints, current collectors, and complete slip and electrical ring assemblies, in addition to wheel flange lubrication and carbon dust collection systems. Mersen's extensive product portfolio serves a broad spectrum of industries, including energy, electronics, transportation, corrosive chemicals, process industries, and specialized sectors such as building infrastructure, elevators, ski lifts, defense, HVAC, and outdoor LED lighting. The company previously operated as Groupe Carbone Lorraine SA before rebranding to Mersen SA in 2010.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR37.12 -0.66 (-1.75%)
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Volume Profile
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Liquidity & share structure
Average Volume
74.2K
Beta
1.64
Float Shares
21.21M
Free Float %
87.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.70% +6.47% +31.02% +50.16% +92.28% +75.35% +104.00% +17.64% +40.34% +196.81% +201.95%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
37.12
DCF (Levered) 22.28 -40.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.70
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    -4.6% Q4'25: -4.5% (vs Q4'23)
  • EPS growth Electrical Equipment & Parts: +22.4%
    -75.5% Q4'25: -141.1% (vs Q4'23)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +7.0% Q4'25: +5.5% (vs Q4'23)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +9.2% Q4'25: +8.9% (vs Q4'23)
  • ROIC Electrical Equipment & Parts: +6.4%
    +5.3% Q4'25: +16.4% (vs Q4'23)
  • Share dilution Electrical Equipment & Parts: +0.0%
    -11.1% Q4'25: -2.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    4.90× Q4'25: 2.60× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.59) × ERP
WACC = 63% × Ke + 37% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 37.12
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
5 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
803.70M
est: 820.69M (-2.1%)
720.90M
est: 735.47M (-2.0%)
629.40M
est: 649.25M (-3.1%)
636.00M
est: 645.62M (-1.5%)
583.40M
est: 648.54M (-10.0%)
639.80M
est: 649.50M (-1.5%)
693.70M
est: 704.18M (-1.5%)
661.90M
est: 742.08M (-10.8%)
587.30M
est: 600.87M (-2.3%)
741.20M
est: 734.17M (+1.0%)
829.60M
est: 841.00M (-1.4%)
810.70M
est: 833.52M (-2.7%)
738.80M
est: 752.77M (-1.9%)
726.10M
est: 741.84M (-2.1%)
767.60M
est: 777.85M (-1.3%)
759.00M
est: 767.80M (-1.1%)
809.20M
est: 809.00M (+0.0%)
878.50M
est: 877.47M (+0.1%)
950.20M
est: 950.86M (-0.1%)
847.20M
est: 839.68M (+0.9%)
922.80M
est: 922.88M (0.0%)
1.11B
est: 1.11B (0.0%)
1.21B
est: 1.23B (-1.3%)
1.24B
est: 1.24B (0.0%)
1.19B
est: 1.19B (-0.2%)
1.22B
1.21B – 1.23B
+2.8% YoY
1.30B
1.28B – 1.33B
+6.1% YoY
1.39B
1.38B – 1.40B
+7.2% YoY
1.51B
1.49B – 1.54B
+8.9% YoY
1.48B
1.46B – 1.51B
-2.2% YoY
EBITDA
111.90M
est: 34.26M (+226.7%)
93.10M
est: -14.34M (+749.3%)
69.30M
est: -10.42M (+765.3%)
57.70M
est: -41.07M (+240.5%)
74.60M
est: 15.07M (+395.1%)
81.20M
est: 47.27M (+71.8%)
67.50M
est: 63.10M (+7.0%)
118.40M
est: 49.53M (+139.0%)
77.00M
est: 54.90M (+40.3%)
110.30M
est: 55.80M (+97.7%)
134.60M
est: 97.11M (+38.6%)
103.30M
est: 113.43M (-8.9%)
49.50M
est: 45.01M (+10.0%)
57.80M
est: 23.95M (+141.4%)
77.80M
est: 41.18M (+88.9%)
67.60M
est: 50.50M (+33.9%)
102.50M
est: 45.24M (+126.6%)
122.40M
est: 90.30M (+35.6%)
140.00M
est: 111.19M (+25.9%)
120.50M
est: 103.71M (+16.2%)
141.50M
est: 108.69M (+30.2%)
171.10M
est: 116.90M (+46.4%)
191.40M
est: 172.16M (+11.2%)
179.80M
est: 174.49M (+3.0%)
109.10M
est: 166.75M (-34.6%)
171.38M
169.17M – 172.64M
+2.8% YoY
181.78M
179.44M – 186.76M
+6.1% YoY
194.85M
193.78M – 195.93M
+7.2% YoY
212.22M
209.49M – 215.98M
+8.9% YoY
207.62M
204.94M – 211.29M
-2.2% YoY
EBIT
76.00M
est: 91.54M (-17.0%)
59.60M
est: 29.93M (+99.1%)
39.30M
est: 14.65M (+168.2%)
34.90M
est: -21.08M (+265.5%)
53.50M
est: 37.77M (+41.6%)
59.60M
est: 53.58M (+11.2%)
42.70M
est: 66.14M (-35.4%)
93.30M
est: 45.00M (+107.3%)
45.60M
est: 75.55M (-39.6%)
73.70M
est: 55.56M (+32.7%)
97.40M
est: 83.99M (+16.0%)
63.60M
est: 97.56M (-34.8%)
8.10M
est: 58.41M (-86.1%)
20.30M
est: 9.17M (+121.5%)
37.00M
est: 22.99M (+61.0%)
29.20M
est: 37.68M (-22.5%)
63.00M
est: 32.56M (+93.5%)
84.90M
est: 69.20M (+22.7%)
88.80M
est: 95.71M (-7.2%)
67.60M
est: 81.76M (-17.3%)
86.80M
est: 85.69M (+1.3%)
106.30M
est: 92.17M (+15.3%)
126.00M
est: 115.38M (+9.2%)
105.30M
est: 116.95M (-10.0%)
109.10M
est: 111.76M (-2.4%)
114.86M
113.38M – 115.71M
+2.8% YoY
121.83M
120.26M – 125.17M
+6.1% YoY
130.59M
129.87M – 131.32M
+7.2% YoY
142.24M
140.40M – 144.75M
+8.9% YoY
139.15M
137.35M – 141.61M
-2.2% YoY
Net Income
-8.10M
est: 39.77M (-120.4%)
-10.80M
est: -7.26M (-48.8%)
-38.20M
est: -9.53M (-300.7%)
19.40M
est: -37.99M (+151.1%)
22.10M
est: 15.27M (+44.7%)
35.30M
est: 22.13M (+59.5%)
16.30M
est: 38.27M (-57.4%)
29.80M
est: 16.23M (+83.6%)
14.90M
est: 23.56M (-36.8%)
39.80M
est: 17.79M (+123.7%)
56.90M
est: 43.82M (+29.8%)
6.50M
est: 56.42M (-88.5%)
-29.20M
est: 5.10M (-672.3%)
2.10M
est: -28.78M (+107.3%)
1.30M
est: 2.23M (-41.8%)
1.80M
est: 1.28M (+40.4%)
37.60M
est: 1.90M (+1,876.2%)
56.50M
est: 40.47M (+39.6%)
57.30M
est: 61.59M (-7.0%)
-12.00M
est: 51.54M (-123.3%)
54.40M
est: 54.02M (+0.7%)
67.70M
est: 76.50M (-11.5%)
81.60M
est: 70.34M (+16.0%)
59.00M
est: 56.30M (+4.8%)
12.80M
est: 51.73M (-75.3%)
56.30M
42.37M – 58.53M
+8.8% YoY
71.40M
57.93M – 73.73M
+26.8% YoY
78.46M
77.74M – 79.18M
+9.9% YoY
94.79M
93.20M – 96.97M
+20.8% YoY
104.41M
102.66M – 106.81M
+10.2% YoY
SGA
127.50M
est: 133.35M (-4.4%)
125.00M
est: 114.26M (+9.4%)
117.60M
est: 110.35M (+6.6%)
58.80M
est: 116.94M (-49.7%)
54.80M
est: 114.62M (-52.2%)
62.90M
est: 114.67M (-45.1%)
132.60M
est: 136.93M (-3.2%)
131.00M
est: 139.74M (-6.3%)
121.60M
est: 106.07M (+14.6%)
148.10M
est: 109.90M (+34.8%)
156.20M
est: 127.24M (+22.8%)
163.20M
est: 154.87M (+5.4%)
153.90M
est: 148.71M (+3.5%)
159.90M
est: 151.67M (+5.4%)
169.30M
est: 170.16M (-0.5%)
169.80M
est: 166.98M (+1.7%)
179.40M
est: 179.48M (0.0%)
188.20M
est: 191.36M (-1.6%)
196.40M
est: 205.16M (-4.3%)
179.30M
est: 175.22M (+2.3%)
194.40M
est: 183.64M (+5.9%)
223.10M
est: 197.51M (+13.0%)
244.60M
est: 250.03M (-2.2%)
252.50M
est: 253.42M (-0.4%)
240.70M
est: 242.18M (-0.6%)
248.90M
245.69M – 250.74M
+2.8% YoY
264.01M
260.60M – 271.24M
+6.1% YoY
283.00M
281.44M – 284.56M
+7.2% YoY
308.22M
304.25M – 313.67M
+8.9% YoY
301.54M
297.65M – 306.87M
-2.2% YoY
EPS
-0.39
est: 2.20 (-117.8%)
-0.52
est: 1.02 (-151.2%)
-3.05
est: 0.62 (-590.3%)
1.48
est: 2.07 (-28.4%)
1.43
est: 2.10 (-32.0%)
2.26
est: 2.59 (-12.7%)
0.97
est: 2.46 (-60.6%)
1.96
est: 2.91 (-32.8%)
0.85
est: 1.41 (-39.8%)
1.86
est: 2.25 (-17.2%)
2.71
est: 2.98 (-9.1%)
0.31
est: 1.55 (-80.0%)
-1.37
est: 1.31 (-204.5%)
0.10
est: 1.16 (-91.8%)
0.07
est: 0.78 (-91.4%)
0.09
est: 0.94 (-90.9%)
1.75
est: 1.83 (-4.4%)
2.64
est: 2.64 (+0.2%)
2.65
est: 2.87 (-7.5%)
-0.56
est: 1.18 (-147.3%)
2.51
est: 2.60 (-3.6%)
3.14
est: 3.55 (-11.5%)
3.50
est: 3.16 (+10.7%)
2.43
est: 2.53 (-4.0%)
0.58
est: 2.34 (-75.2%)
2.30
1.91 – 2.64
-1.6% YoY
2.91
2.61 – 3.33
+26.6% YoY
3.54
3.51 – 3.57
+21.7% YoY
4.28
4.20 – 4.37
+20.7% YoY
4.71
4.63 – 4.82
+10.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-28 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-27 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-26 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-25 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-22 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-21 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-20 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-19 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-18 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-15 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-14 B- 3/5 3/5 2/5 3/5 2/5 1/5 4/5
2026-05-13 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-12 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-11 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-08 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-07 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-06 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-05 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-05-04 B+ 3/5 4/5 2/5 3/5 2/5 2/5 5/5
2026-04-30 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-29 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-28 B 3/5 4/5 2/5 3/5 1/5 2/5 5/5
2026-04-27 B 3/5 4/5 2/5 4/5 1/5 1/5 5/5
2026-04-24 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-23 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-21 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-20 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-17 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5
2026-04-16 B 3/5 4/5 2/5 4/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
87.53M
OE per share TTM
3.53
Owner's Yield
8.57%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
42.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 69 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X Rare Earth & Critical Materials ETF EART 0.50% 196.7K 0.59%
2 Global X - Disruptive Materials UCITS ETF DMAT.MI 0.50% 225.2K 0.50%
3 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.25% 234.2K 0.38%
4 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.25% 234.2K 0.38%
5 UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE 0.16% 1.20M 0.33%
6 iShares MSCI EMU Small Cap UCITS ETF CES1.L 0.16% 1.66M 0.58%
7 Avantis International Small Cap Value ETF AVDV 0.10% 19.48M 0.36%
8 WisdomTree International SmallCap Dividend Fund DLS 0.10% 1.03M 0.58%
9 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.10% 421.6K 0.48%
10 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.09% 710.4K 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
15.4K
Shares Outstanding
24.35M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Luc Themelin Chief Executive Officer & Director 919.9K male
Thomas Baumgartner Chief Financial Officer 324.1K male
Estelle Legrand Group Vice President of Human Resources female
Ferran Sacrest Executive Vice President of the Electrical Power segment male
Gilles Boisseau Executive Vice President of Mersen International male
Matthieu Elriz Executive Vice President of Advanced Materials male
Salvador Lamas CEO & Group COO male
Sylvie Guiganti Group Chief Information Officer female
Caroline Levy Chief Technology Officer female
Véronique Boca Vice President of Corporate & Financial Communication female
Delphine Jacquemont General Counsel & Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits