Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Mercialys SA is a leading French real estate investment trust (SIIC) specializing in the ownership, management, and transformation of retail properties. The company focuses on a portfolio of around thirty strategic shopping centers, branded as Shopping Parks, which blend the appeal of destination shopping centers with the cost efficiency of retail parks. These properties, spanning over 700,000 square meters across mainland France and select overseas territories, emphasize leading positions in their local catchment areas, optimal sizing aligned with market demands and consumer purchasing power, and enhanced experiential environments for everyday convenience. Mercialys SA leases spaces primarily to retailers, including shopping malls, self-service restaurants, and vendor locations, while prioritizing long-term asset maintenance, renovation, and rental operations with minimal development exposure. Governed by a Board of Directors featuring a majority of independent members, the company operates through subsidiaries like Mercialys Gestion and maintains a presence in key financial markets as a prominent player in commercial real estate. Headquartered in Paris, France, since 2005, Mercialys SA continues to shape the retail property landscape in France and Europe.
50.58% operating margin is above average. ROIC at 4.92%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 0.1%, essentially flat. This is a business that needs a catalyst.
Net debt of €1.24B represents 7.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€221M
Net Income (TTM)
€37M
▼ -35.0% YoY
Op. Margin
50.58%
▲ +2.0pp YoY
ROIC
4.92%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€157M
▼ -2.8% YoY
Op. Cash Flow (TTM)
€157M
▼ -2.8% YoY
Net Debt
€1.24B
Cash & Equiv.
€435M
3Y CAGR: +1.6%
3Y CAGR: +1.5%
Continue Research