Mercialys SA (MERY) - Net Assets

Latest as of December 2025: €666.52 Million EUR ≈ $779.24 Million USD

Based on the latest financial reports, Mercialys SA (MERY) has net assets worth €666.52 Million EUR (≈ $779.24 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 (€2.43 Billion ≈ $2.84 Billion USD) and total liabilities (€1.77 Billion ≈ $2.07 Billion USD). 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. Check financial resilience of Mercialys SA to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€666.52 Million
% of Total Assets	27.39%
Annual Growth Rate	1.31%
5-Year Change	-29.48%
10-Year Change	-28.65%
Growth Volatility	29.42

Mercialys SA - Net Assets Trend (2002–2025)

This chart illustrates how Mercialys SA's net assets have evolved over time, based on quarterly financial data. Also explore Mercialys SA assets under control for the complete picture of this company's asset base.

Annual Net Assets for Mercialys SA (2002–2025)

The table below shows the annual net assets of Mercialys SA from 2002 to 2025. For live valuation and market cap data, see MERY stock market capitalisation.

Year	Net Assets	Change
2025-12-31	€666.52 Million ≈ $779.24 Million	-12.53%
2024-12-31	€762.02 Million ≈ $890.88 Million	-12.02%
2023-12-31	€866.10 Million ≈ $1.01 Billion	-6.91%
2022-12-31	€930.43 Million ≈ $1.09 Billion	-1.56%
2021-12-31	€945.13 Million ≈ $1.10 Billion	+5.59%
2020-12-31	€895.12 Million ≈ $1.05 Billion	+4.08%
2019-12-31	€860.03 Million ≈ $1.01 Billion	-2.22%
2018-12-31	€879.54 Million ≈ $1.03 Billion	-4.45%
2017-12-31	€920.54 Million ≈ $1.08 Billion	-1.46%
2016-12-31	€934.22 Million ≈ $1.09 Billion	+1.97%
2015-12-31	€916.18 Million ≈ $1.07 Billion	+16.93%
2014-12-31	€783.53 Million ≈ $916.03 Million	+5.83%
2013-12-31	€740.36 Million ≈ $865.56 Million	+0.33%
2012-12-31	€737.94 Million ≈ $862.73 Million	-56.07%
2011-12-31	€1.68 Billion ≈ $1.96 Billion	+1.93%
2010-12-31	€1.65 Billion ≈ $1.93 Billion	+2.56%
2009-12-31	€1.61 Billion ≈ $1.88 Billion	+33.16%
2008-12-31	€1.21 Billion ≈ $1.41 Billion	+1.30%
2007-12-31	€1.19 Billion ≈ $1.39 Billion	+6.94%
2006-12-31	€1.11 Billion ≈ $1.30 Billion	-0.63%
2005-12-31	€1.12 Billion ≈ $1.31 Billion	+123.92%
2004-12-31	€500.63 Million ≈ $585.29 Million	+0.26%
2003-12-31	€499.32 Million ≈ $583.76 Million	+1.15%
2002-12-31	€493.66 Million ≈ $577.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mercialys SA'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 52.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€15.78 Million	2.65%
Common Stock	€93.89 Million	15.78%
Other Comprehensive Income	€490.93 Million	82.50%
Total Equity	€595.09 Million	100.00%

Mercialys SA Competitors by Market Cap

The table below lists competitors of Mercialys SA ranked by their market capitalization.

Company	Market Cap
Electro Optic Systems Holdings Ltd AU:EOS	$1.09 Billion
Amoy Diagnostics Co Ltd SHE:300685	$1.10 Billion
SFL Corporation Ltd NYSE:SFL	$1.10 Billion
Beijing Strong Biotechnologies Inc SHE:300406	$1.10 Billion
Plejd AB (publ) F:3CA	$1.09 Billion
Elemental Royalty Corporation Common Stock NASDAQ:ELE	$1.09 Billion
Beijing Kingee Culture Development Co Ltd SHE:002721	$1.09 Billion
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd SHE:300403	$1.09 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mercialys SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 631,065,000 to 595,089,000, a change of -35,976,000 (-5.7%).
Net income of 33,965,000 contributed positively to equity growth.
Dividend payments of 93,462,000 reduced retained earnings.
Share repurchases of 29,561,000 reduced equity.
Other comprehensive income increased equity by 116,000.
Other factors increased equity by 52,966,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€33.97 Million	+5.71%
Dividends Paid	€93.46 Million	-15.71%
Share Repurchases	€29.56 Million	-4.97%
Other Comprehensive Income	€116.00K	+0.02%
Other Changes	€52.97 Million	+8.9%
Total Change	€-	-5.70%

Book Value vs Market Value Analysis

This analysis compares Mercialys SA'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: 1.89x
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 0.78x to 1.89x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	€15.36	€11.96	x
2006-12-31	€15.27	€11.96	x
2007-12-31	€16.31	€11.96	x
2008-12-31	€16.05	€11.96	x
2009-12-31	€18.80	€11.96	x
2010-12-31	€17.94	€11.96	x
2011-12-31	€18.28	€11.96	x
2012-12-31	€8.02	€11.96	x
2013-12-31	€8.05	€11.96	x
2014-12-31	€8.53	€11.96	x
2015-12-31	€7.74	€11.96	x
2016-12-31	€7.93	€11.96	x
2017-12-31	€7.82	€11.96	x
2018-12-31	€7.41	€11.96	x
2019-12-31	€7.17	€11.96	x
2020-12-31	€7.57	€11.96	x
2021-12-31	€8.00	€11.96	x
2022-12-31	€7.77	€11.96	x
2023-12-31	€7.26	€11.96	x
2024-12-31	€6.75	€11.96	x
2025-12-31	€6.34	€11.96	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mercialys SA 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): 5.71%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.36%
• Asset Turnover: 0.10x
• Equity Multiplier: 4.09x
Recent ROE (5.71%) is below the historical average (9.69%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	6.71%	56.65%	0.11x	1.05x	€-16.21 Million
2003	7.77%	57.78%	0.13x	1.05x	€-11.11 Million
2004	8.02%	58.89%	0.13x	1.05x	€-9.93 Million
2005	0.70%	67.04%	0.01x	1.03x	€-104.17 Million
2006	5.43%	73.46%	0.07x	1.04x	€-50.86 Million
2007	6.02%	71.96%	0.08x	1.06x	€-47.39 Million
2008	6.72%	69.67%	0.09x	1.05x	€-39.60 Million
2009	5.79%	69.33%	0.08x	1.04x	€-67.57 Million
2010	8.12%	89.43%	0.09x	1.05x	€-31.04 Million
2011	8.78%	91.57%	0.09x	1.05x	€-20.51 Million
2012	19.45%	89.40%	0.09x	2.50x	€69.66 Million
2013	16.67%	82.81%	0.09x	2.13x	€49.36 Million
2014	19.46%	99.74%	0.08x	2.58x	€74.08 Million
2015	11.21%	47.12%	0.07x	3.38x	€8.61 Million
2016	15.10%	57.98%	0.07x	3.55x	€37.19 Million
2017	12.06%	46.77%	0.07x	3.70x	€14.81 Million
2018	11.90%	43.17%	0.07x	4.21x	€12.89 Million
2019	13.73%	38.59%	0.10x	3.73x	€24.54 Million
2020	12.39%	48.92%	0.06x	3.93x	€16.54 Million
2021	8.37%	30.28%	0.08x	3.28x	€-12.13 Million
2022	5.94%	24.36%	0.08x	3.16x	€-29.42 Million
2023	7.88%	29.98%	0.08x	3.18x	€-14.35 Million
2024	8.52%	24.31%	0.10x	3.42x	€-9.35 Million
2025	5.71%	14.36%	0.10x	4.09x	€-25.54 Million

Industry Comparison

This section compares Mercialys SA's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $4,551,975,987
Average return on equity (ROE) among peers: 4.14%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mercialys SA (MERY)	€666.52 Million	6.71%	2.65x	$1.09 Billion
Carmila SA (CARM)	$39.04 Million	4.23%	0.06x	$2.32 Billion
Frey SA (FREY)	$1.15 Billion	6.76%	1.81x	$1.09 Billion
Klepierre SA (LI)	$3.62 Billion	4.60%	2.57x	$9.92 Billion
Patrimoine et Commerce SA (PAT)	$64.90 Million	7.97%	1.77x	$382.37 Million
Selectirente (SELER)	$67.79 Million	5.61%	1.19x	$351.62 Million
Unibail-Rodamco-Westfield (URW)	$22.37 Billion	-4.34%	1.45x	$14.42 Billion

About Mercialys SA

PA:MERY France REIT - Retail

Market Cap

$1.31 Billion

€1.12 Billion EUR

Market Cap Rank

#8781 Global

#137 in France

Share Price

€11.96

Change (1 day)

-0.17%

52-Week Range

€10.48 - €12.86

All Time High

€12.86