Mersen SA (MRN) - Net Assets

Latest as of December 2025: €712.50 Million EUR ≈ $832.99 Million USD

Based on the latest financial reports, Mersen SA (MRN) has net assets worth €712.50 Million EUR (≈ $832.99 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 (€1.61 Billion ≈ $1.88 Billion USD) and total liabilities (€896.00 Million ≈ $1.05 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 Mersen SA (MRN) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€712.50 Million
% of Total Assets	44.3%
Annual Growth Rate	3.74%
5-Year Change	12.84%
10-Year Change	44.64%
Growth Volatility	14.95

Mersen SA - Net Assets Trend (2001–2025)

This chart illustrates how Mersen SA's net assets have evolved over time, based on quarterly financial data. See MRN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Mersen SA (2001–2025)

The table below shows the annual net assets of Mersen SA from 2001 to 2025. For live valuation and market cap data, see MRN market cap.

Year	Net Assets	Change
2025-12-31	€712.50 Million ≈ $832.99 Million	-19.25%
2024-12-31	€882.40 Million ≈ $1.03 Billion	+7.91%
2023-12-31	€817.70 Million ≈ $955.98 Million	+17.82%
2022-12-31	€694.00 Million ≈ $811.36 Million	+9.91%
2021-12-31	€631.40 Million ≈ $738.17 Million	+18.31%
2020-12-31	€533.70 Million ≈ $623.95 Million	-6.47%
2019-12-31	€570.60 Million ≈ $667.09 Million	+8.05%
2018-12-31	€528.10 Million ≈ $617.40 Million	+9.11%
2017-12-31	€484.00 Million ≈ $565.85 Million	-1.75%
2016-12-31	€492.60 Million ≈ $575.90 Million	+0.53%
2015-12-31	€490.00 Million ≈ $572.86 Million	+4.95%
2014-12-31	€466.90 Million ≈ $545.86 Million	+3.11%
2013-12-31	€452.80 Million ≈ $529.37 Million	-9.29%
2012-12-31	€499.20 Million ≈ $583.62 Million	-8.05%
2011-12-31	€542.90 Million ≈ $634.71 Million	+9.97%
2010-12-31	€493.70 Million ≈ $577.19 Million	+16.19%
2009-12-31	€424.90 Million ≈ $496.75 Million	+30.66%
2008-12-31	€325.20 Million ≈ $380.19 Million	+5.93%
2007-12-31	€307.00 Million ≈ $358.92 Million	-0.32%
2006-12-31	€308.00 Million ≈ $360.08 Million	+4.55%
2005-12-31	€294.60 Million ≈ $344.42 Million	+15.67%
2004-12-31	€254.70 Million ≈ $297.77 Million	+41.82%
2003-12-31	€179.60 Million ≈ $209.97 Million	-27.08%
2002-12-31	€246.30 Million ≈ $287.95 Million	-16.59%
2001-12-31	€295.30 Million ≈ $345.24 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mersen 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 grown by 80100000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€792.90 Million	101.29%
Common Stock	€48.80 Million	6.23%
Other Comprehensive Income	€-58.90 Million	-7.52%
Total Equity	€782.80 Million	100.00%

Mersen SA Competitors by Market Cap

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

Company	Market Cap
Focused Photonics Hangzhou Inc SHE:300203	$856.92 Million
Xvivo Perfusion AB ST:XVIVO	$856.95 Million
TeamViewer AG F:TMV	$857.02 Million
KSB SE & Co. KGaA F:KSB3	$857.28 Million
Chongqing Wangbian Electric (Group) Corp. Ltd. SHG:603191	$856.44 Million
BioAge Labs, Inc NASDAQ:BIOA	$856.34 Million
Guangdong Champion Asia Electronics Co Ltd SHG:603386	$855.70 Million
Delixi Xinjiang Transp Co Ltd SHG:603032	$855.29 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 850,200,000 to 782,800,000, a change of -67,400,000 (-7.9%).
Net income of 12,800,000 contributed positively to equity growth.
Dividend payments of 21,900,000 reduced retained earnings.
Share repurchases of 3,200,000 reduced equity.
Other comprehensive income decreased equity by 68,700,000.
Other factors increased equity by 13,600,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€12.80 Million	+1.64%
Dividends Paid	€21.90 Million	-2.8%
Share Repurchases	€3.20 Million	-0.41%
Other Comprehensive Income	€-68.70 Million	-8.78%
Other Changes	€13.60 Million	+1.74%
Total Change	€-	-7.93%

Book Value vs Market Value Analysis

This analysis compares Mersen 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: 1.20x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.04x to 1.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	€13.88	€42.20	x
2002-12-31	€11.46	€42.20	x
2003-12-31	€13.48	€42.20	x
2004-12-31	€18.07	€42.20	x
2005-12-31	€17.95	€42.20	x
2006-12-31	€18.81	€42.20	x
2007-12-31	€18.50	€42.20	x
2008-12-31	€21.02	€42.20	x
2009-12-31	€23.37	€42.20	x
2010-12-31	€22.56	€42.20	x
2011-12-31	€24.51	€42.20	x
2012-12-31	€23.58	€42.20	x
2013-12-31	€20.12	€42.20	x
2014-12-31	€20.50	€42.20	x
2015-12-31	€21.45	€42.20	x
2016-12-31	€21.33	€42.20	x
2017-12-31	€20.94	€42.20	x
2018-12-31	€22.86	€42.20	x
2019-12-31	€24.61	€42.20	x
2020-12-31	€23.65	€42.20	x
2021-12-31	€27.33	€42.20	x
2022-12-31	€30.08	€42.20	x
2023-12-31	€33.01	€42.20	x
2024-12-31	€34.09	€42.20	x
2025-12-31	€35.31	€42.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mersen 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): 1.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.08%
• Asset Turnover: 0.74x
• Equity Multiplier: 2.05x
Recent ROE (1.64%) is below the historical average (3.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	-2.82%	-1.01%	0.92x	3.03x	€-36.87 Million
2002	-4.55%	-1.50%	0.97x	3.14x	€-34.55 Million
2003	-22.63%	-6.07%	0.99x	3.76x	€-55.08 Million
2004	7.79%	3.05%	0.98x	2.60x	€-5.50 Million
2005	7.66%	3.79%	0.80x	2.52x	€-6.77 Million
2006	11.63%	5.52%	0.88x	2.39x	€4.94 Million
2007	5.38%	2.35%	0.90x	2.55x	€-13.99 Million
2008	9.28%	4.50%	0.70x	2.94x	€-2.32 Million
2009	3.54%	2.54%	0.67x	2.08x	€-27.16 Million
2010	8.28%	5.37%	0.75x	2.06x	€-8.28 Million
2011	10.69%	6.86%	0.79x	1.97x	€3.65 Million
2012	1.26%	0.80%	0.80x	1.96x	€-45.21 Million
2013	-6.59%	-3.95%	0.79x	2.11x	€-73.48 Million
2014	0.46%	0.29%	0.72x	2.20x	€-43.42 Million
2015	0.27%	0.17%	0.75x	2.14x	€-46.37 Million
2016	0.38%	0.24%	0.76x	2.11x	€-45.66 Million
2017	8.06%	4.65%	0.85x	2.04x	€-9.04 Million
2018	11.16%	6.43%	0.81x	2.14x	€5.87 Million
2019	10.44%	6.03%	0.79x	2.19x	€2.44 Million
2020	-2.36%	-1.42%	0.71x	2.35x	€-62.92 Million
2021	9.03%	5.90%	0.71x	2.14x	€-5.83 Million
2022	10.24%	6.07%	0.77x	2.18x	€1.57 Million
2023	10.35%	6.74%	0.79x	1.95x	€2.78 Million
2024	6.94%	4.74%	0.69x	2.12x	€-26.02 Million
2025	1.64%	1.08%	0.74x	2.05x	€-65.48 Million

Industry Comparison

This section compares Mersen SA's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $838,002,107
Average return on equity (ROE) among peers: -0.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mersen SA (MRN)	€712.50 Million	-2.82%	1.26x	$856.60 Million
i2S SA (ALI2S)	$6.10 Million	-5.09%	0.69x	$11.14 Million
Altheora SA (ALORA)	$8.86 Million	-2.57%	2.96x	$6.00 Million
Lucibel (ALUCI)	$12.15 Million	-8.10%	1.33x	$1.09 Million
EXOSENS PROM (EXENS)	$412.60 Million	7.44%	0.98x	$3.12 Billion
Legrand SA (LR)	$4.60 Billion	16.79%	1.24x	$40.29 Billion
Italy Innovazioni SpA (MLITN)	$3.99 Million	-6.91%	0.24x	$30.78 Million
Nexans S.A. (NEX)	$1.60 Billion	-20.81%	2.41x	$6.01 Billion
Gérard Perrier Industrie S.A. (PERR)	$63.21 Million	19.00%	1.22x	$320.92 Million

About Mersen SA

PA:MRN France Electrical Equipment & Parts

Market Cap

$1.20 Billion

€1.02 Billion EUR

Market Cap Rank

#9753 Global

#151 in France

Share Price

€42.20

Change (1 day)

-2.36%

52-Week Range

€20.05 - €44.84

All Time High

€44.84