M.R.M. SA
MRM is a listed real estate company that owns and manages a portfolio of retail properties across several regions of France. Its majority shareholder is SCOR SE, which owns 72.48% of share capital. MRM is listed in Compartment C of Euronext Paris (ISIN: FR00140085W6 - Bloomberg code: MRM:FP -Reuters code: MRM.PA). MRM opted for SIIC status on 1 January 2008.
M.R.M. SA (MRM) - Net Assets
Latest net assets as of June 2024: €118.17 Million EUR
Based on the latest financial reports, M.R.M. SA (MRM) has net assets worth €118.17 Million EUR as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€250.66 Million) and total liabilities (€132.49 Million). 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 | €118.17 Million |
| % of Total Assets | 47.14% |
| Annual Growth Rate | 2.48% |
| 5-Year Change | 21.91% |
| 10-Year Change | -27.15% |
| Growth Volatility | 194.0 |
M.R.M. SA - Net Assets Trend (2000–2023)
This chart illustrates how M.R.M. SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for M.R.M. SA (2000–2023)
The table below shows the annual net assets of M.R.M. SA from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €123.21 Million | -11.33% |
| 2022-12-31 | €138.96 Million | +42.72% |
| 2021-12-31 | €97.36 Million | +3.70% |
| 2020-12-31 | €93.89 Million | -7.10% |
| 2019-12-31 | €101.06 Million | -1.54% |
| 2018-12-31 | €102.64 Million | -30.49% |
| 2017-12-31 | €147.67 Million | -14.10% |
| 2016-12-31 | €171.90 Million | +1.35% |
| 2015-12-31 | €169.60 Million | +0.29% |
| 2014-12-31 | €169.11 Million | +6.83% |
| 2013-12-31 | €158.31 Million | +838.62% |
| 2012-12-31 | €16.87 Million | -20.84% |
| 2011-12-31 | €21.30 Million | +13.32% |
| 2010-12-31 | €18.80 Million | -49.69% |
| 2009-12-31 | €37.37 Million | -47.58% |
| 2008-12-31 | €71.28 Million | -9.83% |
| 2007-12-31 | €79.05 Million | +442.19% |
| 2006-12-31 | €14.58 Million | -57.68% |
| 2005-12-31 | €34.45 Million | -5.54% |
| 2004-12-31 | €36.47 Million | -13.62% |
| 2003-12-31 | €42.22 Million | -28.16% |
| 2002-12-31 | €58.77 Million | -24.17% |
| 2001-12-31 | €77.51 Million | +10.59% |
| 2000-12-31 | €70.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M.R.M. 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 329.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €64.16 Million | 52.07% |
| Other Comprehensive Income | €26.54 Million | 21.54% |
| Other Components | €42.49 Million | 34.49% |
| Total Equity | €123.21 Million | 100.00% |
M.R.M. SA Competitors by Market Cap
The table below lists competitors of M.R.M. SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GTS Internasional Tbk PT
JK:GTSI
|
$31.86 Million |
|
Kian Shen Corp
TW:1525
|
$31.87 Million |
|
SEG International Bhd
KLSE:9792
|
$31.88 Million |
|
COMAL S.P.A.
F:9NM
|
$31.88 Million |
|
Panca Budi Idaman Tbk PT
JK:PBID
|
$31.84 Million |
|
Plus Therapeutics Inc
NASDAQ:PSTV
|
$31.83 Million |
|
Kopran Limited
NSE:KOPRAN
|
$31.83 Million |
|
DSAQU
PINK:DSAQU
|
$31.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M.R.M. SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 138,956,000 to 123,208,000, a change of -15,748,000 (-11.3%).
- Net loss of 9,987,000 reduced equity.
- Dividend payments of 5,761,000 reduced retained earnings.
- Share repurchases of 88,000 reduced equity.
- Other comprehensive income increased equity by 122,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-9.99 Million | -8.11% |
| Dividends Paid | €5.76 Million | -4.68% |
| Share Repurchases | €88.00K | -0.07% |
| Other Comprehensive Income | €122.00K | +0.1% |
| Other Changes | €-34.00K | -0.03% |
| Total Change | €- | -11.33% |
Book Value vs Market Value Analysis
This analysis compares M.R.M. 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: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.24x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | €15.86 | €35.50 | x |
| 2010-12-31 | €7.98 | €35.50 | x |
| 2011-12-31 | €9.04 | €35.50 | x |
| 2012-12-31 | €7.16 | €35.50 | x |
| 2013-12-31 | €57.30 | €35.50 | x |
| 2014-12-31 | €52.51 | €35.50 | x |
| 2015-12-31 | €53.75 | €35.50 | x |
| 2016-12-31 | €54.08 | €35.50 | x |
| 2017-12-31 | €50.06 | €35.50 | x |
| 2018-12-31 | €47.09 | €35.50 | x |
| 2019-12-31 | €42.90 | €35.50 | x |
| 2020-12-31 | €43.05 | €35.50 | x |
| 2021-12-31 | €44.64 | €35.50 | x |
| 2022-12-31 | €60.98 | €35.50 | x |
| 2023-12-31 | €38.50 | €35.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M.R.M. 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): -8.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.67%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.04x
- Recent ROE (-8.11%) is above the historical average (-11.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 14.40% | 75.87% | 0.03x | 6.55x | €3.48 Million |
| 2009 | -90.92% | -126.21% | 0.05x | 13.91x | €-37.72 Million |
| 2010 | -98.74% | -81.64% | 0.06x | 19.63x | €-20.44 Million |
| 2011 | 11.77% | 16.31% | 0.05x | 14.17x | €376.50K |
| 2012 | -26.12% | -26.77% | 0.06x | 16.76x | €-6.09 Million |
| 2013 | 28.34% | 240.35% | 0.05x | 2.16x | €24.76 Million |
| 2014 | -5.56% | -47.45% | 0.05x | 2.14x | €-19.25 Million |
| 2015 | 5.76% | 53.44% | 0.06x | 1.96x | €-5.37 Million |
| 2016 | 3.99% | 39.17% | 0.06x | 1.82x | €-7.65 Million |
| 2017 | -3.92% | -41.34% | 0.05x | 1.86x | €-16.42 Million |
| 2018 | -10.16% | -107.87% | 0.05x | 1.80x | €-20.69 Million |
| 2019 | 3.12% | 29.03% | 0.06x | 1.86x | €-6.95 Million |
| 2020 | -7.64% | -75.06% | 0.05x | 1.91x | €-16.56 Million |
| 2021 | 5.75% | 56.44% | 0.06x | 1.84x | €-4.13 Million |
| 2022 | -2.58% | -34.73% | 0.04x | 1.91x | €-17.48 Million |
| 2023 | -8.11% | -64.67% | 0.06x | 2.04x | €-22.31 Million |
Industry Comparison
This section compares M.R.M. SA's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $911,933,242
- Average return on equity (ROE) among peers: 5.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M.R.M. SA (MRM) | €118.17 Million | 14.40% | 1.12x | $31.86 Million |
| Carmila SA (CARM) | $3.27 Billion | -6.08% | 0.97x | $1.54 Billion |
| Frey SA (FREY) | $13.66 Million | 10.45% | 1.50x | $313.62 Million |
| Mercialys SA (MERY) | $895.12 Million | 9.59% | 2.04x | $1.05 Billion |
| Patrimoine et Commerce SA (PAT) | $317.40 Million | 8.39% | 1.20x | $135.14 Million |
| Selectirente (SELER) | $65.02 Million | 3.84% | 1.09x | $108.18 Million |