Mercer International Inc
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp in the United States, Germany, China, and internationally. It operates through two segments, Pulp and Solid Wood. The company manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills. It also manu… Read more
Mercer International Inc (MERC) - Net Assets
Latest net assets as of December 2025: $68.06 Million USD
Based on the latest financial reports, Mercer International Inc (MERC) has net assets worth $68.06 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.04 Billion) and total liabilities ($1.97 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $68.06 Million |
| % of Total Assets | 3.33% |
| Annual Growth Rate | 1.84% |
| 5-Year Change | -90.19% |
| 10-Year Change | -82.05% |
| Growth Volatility | 40.77 |
Mercer International Inc - Net Assets Trend (1989–2025)
This chart illustrates how Mercer International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercer International Inc (1989–2025)
The table below shows the annual net assets of Mercer International Inc from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $68.06 Million | -84.16% |
| 2024-12-31 | $429.77 Million | -32.36% |
| 2023-12-31 | $635.41 Million | -24.25% |
| 2022-12-31 | $838.78 Million | +20.86% |
| 2021-12-31 | $694.02 Million | +15.47% |
| 2020-12-31 | $601.03 Million | +9.20% |
| 2019-12-31 | $550.40 Million | -5.34% |
| 2018-12-31 | $581.43 Million | +5.59% |
| 2017-12-31 | $550.67 Million | +45.25% |
| 2016-12-31 | $379.13 Million | -1.00% |
| 2015-12-31 | $382.98 Million | -12.74% |
| 2014-12-31 | $438.88 Million | +26.00% |
| 2013-12-31 | $348.32 Million | -5.57% |
| 2012-12-31 | $368.88 Million | +0.38% |
| 2011-12-31 | $367.50 Million | +29.39% |
| 2010-12-31 | $284.03 Million | +130.59% |
| 2009-12-31 | $123.18 Million | -33.02% |
| 2008-12-31 | $183.90 Million | -54.48% |
| 2007-12-31 | $404.01 Million | +39.91% |
| 2006-12-31 | $288.77 Million | +64.04% |
| 2005-12-31 | $176.04 Million | -20.15% |
| 2004-12-31 | $220.45 Million | +31.99% |
| 2003-12-31 | $167.03 Million | +27.25% |
| 2002-12-31 | $131.25 Million | +11.96% |
| 2001-12-31 | $117.23 Million | -6.52% |
| 2000-12-31 | $125.41 Million | +21.73% |
| 1999-12-31 | $103.02 Million | -32.67% |
| 1998-12-31 | $153.00 Million | +12.92% |
| 1997-12-31 | $135.50 Million | -30.33% |
| 1996-12-31 | $194.50 Million | -14.32% |
| 1995-12-31 | $227.00 Million | +62.84% |
| 1994-12-31 | $139.40 Million | +74.69% |
| 1993-12-31 | $79.80 Million | +90.91% |
| 1992-12-31 | $41.80 Million | -10.11% |
| 1991-12-31 | $46.50 Million | +3.79% |
| 1990-12-31 | $44.80 Million | +26.91% |
| 1989-12-31 | $35.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercer International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2763.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $66.87 Million | 98.25% |
| Other Comprehensive Income | $-87.15 Million | -128.05% |
| Other Components | $365.36 Million | 536.82% |
| Total Equity | $68.06 Million | 100.00% |
Mercer International Inc Competitors by Market Cap
The table below lists competitors of Mercer International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sutro Biopharma
NASDAQ:STRO
|
$79.09 Million |
|
Currenc Group Inc. Ordinary Shares
NASDAQ:CURR
|
$79.09 Million |
|
Cardiol Therapeutics Inc Class A
NASDAQ:CRDL
|
$79.10 Million |
|
Alpha Cognition Inc
NASDAQ:ACOG
|
$79.11 Million |
|
American Lithium Corp. Common Stock
NASDAQ:AMLI
|
$79.01 Million |
|
Kerevitas Gida Sanayi ve Ticaret AS
IS:KERVT
|
$79.01 Million |
|
Townsquare Media Inc
NYSE:TSQ
|
$79.00 Million |
|
Tenax Therapeutics Inc
NASDAQ:TENX
|
$78.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercer International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 429,775,000 to 68,060,000, a change of -361,715,000 (-84.2%).
- Net loss of 497,889,000 reduced equity.
- Dividend payments of 10,039,000 reduced retained earnings.
- Other comprehensive income increased equity by 143,617,000.
- Other factors increased equity by 2,596,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-497.89 Million | -731.54% |
| Dividends Paid | $10.04 Million | -14.75% |
| Other Comprehensive Income | $143.62 Million | +211.02% |
| Other Changes | $2.60 Million | +3.81% |
| Total Change | $- | -84.16% |
Book Value vs Market Value Analysis
This analysis compares Mercer International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.36x to 1.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $4.03 | $1.44 | x |
| 1990-12-31 | $3.76 | $1.44 | x |
| 1991-12-31 | $3.70 | $1.44 | x |
| 1992-12-31 | $3.72 | $1.44 | x |
| 1993-12-31 | $7.39 | $1.44 | x |
| 1994-12-31 | $9.92 | $1.44 | x |
| 1995-12-31 | $17.74 | $1.44 | x |
| 1996-12-31 | $13.89 | $1.44 | x |
| 1997-12-31 | $9.06 | $1.44 | x |
| 1998-12-31 | $10.00 | $1.44 | x |
| 1999-12-31 | $6.30 | $1.44 | x |
| 2000-12-31 | $7.96 | $1.44 | x |
| 2001-12-31 | $7.05 | $1.44 | x |
| 2002-12-31 | $7.88 | $1.44 | x |
| 2003-12-31 | $9.79 | $1.44 | x |
| 2004-12-31 | $12.73 | $1.44 | x |
| 2005-12-31 | $5.62 | $1.44 | x |
| 2006-12-31 | $7.21 | $1.44 | x |
| 2007-12-31 | $8.92 | $1.44 | x |
| 2008-12-31 | $6.38 | $1.44 | x |
| 2009-12-31 | $4.86 | $1.44 | x |
| 2010-12-31 | $5.51 | $1.44 | x |
| 2011-12-31 | $6.87 | $1.44 | x |
| 2012-12-31 | $7.04 | $1.44 | x |
| 2013-12-31 | $6.45 | $1.44 | x |
| 2014-12-31 | $7.02 | $1.44 | x |
| 2015-12-31 | $5.91 | $1.44 | x |
| 2016-12-31 | $5.82 | $1.44 | x |
| 2017-12-31 | $8.42 | $1.44 | x |
| 2018-12-31 | $8.84 | $1.44 | x |
| 2019-12-31 | $8.40 | $1.44 | x |
| 2020-12-31 | $9.14 | $1.44 | x |
| 2021-12-31 | $10.47 | $1.44 | x |
| 2022-12-31 | $12.59 | $1.44 | x |
| 2023-12-31 | $9.57 | $1.44 | x |
| 2024-12-31 | $6.43 | $1.44 | x |
| 2025-12-31 | $1.02 | $1.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercer International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -731.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.65%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 29.99x
- Recent ROE (-731.54%) is below the historical average (-16.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 15.86% | 34.36% | 0.27x | 1.70x | $2.07 Million |
| 1990 | 12.24% | 21.72% | 0.37x | 1.53x | $880.00K |
| 1991 | 17.59% | 12.05% | 0.43x | 3.38x | $3.15 Million |
| 1992 | 20.94% | 14.16% | 0.49x | 3.02x | $4.18 Million |
| 1993 | 21.79% | 14.89% | 0.53x | 2.75x | $9.09 Million |
| 1994 | 41.35% | 22.09% | 0.79x | 2.36x | $34.95 Million |
| 1995 | 28.24% | 23.28% | 0.84x | 1.45x | $41.40 Million |
| 1996 | 8.28% | 8.62% | 0.67x | 1.44x | $-3.35 Million |
| 1997 | -24.06% | -17.71% | 0.88x | 1.55x | $-46.15 Million |
| 1998 | 5.88% | 5.15% | 0.52x | 2.18x | $-6.30 Million |
| 1999 | -36.99% | -29.80% | 0.28x | 4.42x | $-48.41 Million |
| 2000 | 23.50% | 12.48% | 0.59x | 3.22x | $16.93 Million |
| 2001 | -2.16% | -1.34% | 0.49x | 3.26x | $-14.25 Million |
| 2002 | -5.06% | -2.64% | 0.40x | 4.80x | $-19.77 Million |
| 2003 | -2.70% | -1.85% | 0.21x | 7.04x | $-21.22 Million |
| 2004 | 12.28% | 8.06% | 0.20x | 7.72x | $5.02 Million |
| 2005 | -78.76% | -22.80% | 0.37x | 9.37x | $-156.25 Million |
| 2006 | 28.89% | 10.13% | 0.48x | 5.95x | $54.55 Million |
| 2007 | 8.02% | 3.15% | 0.55x | 4.64x | $-8.01 Million |
| 2008 | -43.59% | -10.06% | 0.63x | 6.93x | $-124.02 Million |
| 2009 | -50.47% | -10.03% | 0.57x | 8.80x | $-106.76 Million |
| 2010 | 36.55% | 9.58% | 0.74x | 5.15x | $83.35 Million |
| 2011 | 16.57% | 5.63% | 0.73x | 4.03x | $25.74 Million |
| 2012 | -4.12% | -1.46% | 0.70x | 4.00x | $-55.24 Million |
| 2013 | -7.35% | -2.42% | 0.70x | 4.31x | $-62.28 Million |
| 2014 | 25.78% | 9.63% | 0.89x | 3.02x | $69.27 Million |
| 2015 | 19.71% | 7.31% | 0.87x | 3.09x | $37.20 Million |
| 2016 | 9.22% | 3.75% | 0.80x | 3.06x | $-2.97 Million |
| 2017 | 12.80% | 6.03% | 0.68x | 3.13x | $15.42 Million |
| 2018 | 22.12% | 8.82% | 0.74x | 3.40x | $70.45 Million |
| 2019 | -1.75% | -0.59% | 0.79x | 3.75x | $-64.68 Million |
| 2020 | -2.87% | -1.21% | 0.67x | 3.54x | $-77.34 Million |
| 2021 | 24.64% | 9.48% | 0.77x | 3.39x | $101.59 Million |
| 2022 | 29.45% | 10.83% | 0.84x | 3.25x | $163.16 Million |
| 2023 | -38.09% | -12.14% | 0.75x | 4.19x | $-305.60 Million |
| 2024 | -19.81% | -4.17% | 0.90x | 5.27x | $-128.12 Million |
| 2025 | -731.54% | -26.65% | 0.92x | 29.99x | $-504.69 Million |
Industry Comparison
This section compares Mercer International Inc's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $20,343,017,369
- Average return on equity (ROE) among peers: 1.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercer International Inc (MERC) | $68.06 Million | 15.86% | 28.99x | $79.08 Million |
| BillerudKorsnäs AB (publ) (BLRDF) | $28.98 Billion | 6.03% | 0.73x | $2.08 Billion |
| Canfor Pulp Products Inc (CFPUF) | $427.40 Million | -18.51% | 0.77x | $14.25 Million |
| Clearwater Paper Corporation (CLW) | $854.40 Million | -12.98% | 0.97x | $207.12 Million |
| Glatfelter (GLT) | $371.43 Million | 3.41% | 1.77x | $59.22 Million |
| Holmen AB (publ) (HLMMF) | $56.92 Billion | 6.49% | 0.40x | $3.34 Billion |
| IT Tech Packaging Inc (ITP) | $156.05 Million | -6.31% | 0.14x | $3.10 Million |
| JPPPF (JPPPF) | $89.87 Billion | 4.06% | 2.58x | $339.45 Million |
| Klabin Sa A (KLBAY) | $2.17 Billion | 21.02% | 1.02x | $7.37 Billion |
| Mondi plc (MNODF) | $3.34 Billion | 6.98% | 1.06x | $5.78 Billion |