Mercialys
Mercialys is one of France's leading real estate companies. It is specialized in the holding, management and transformation of retail spaces, anticipating consumer trends, on its own behalf and for third parties. At June 30, 2025, Mercialys had a real estate portfolio valued at Euro 2.9 billion (including transfer taxes). Its portfolio of 1,985 leases represents an annualized rental base of Euro … Read more
Mercialys (MEIYF) - Net Assets
Latest net assets as of June 2025: $645.48 Million USD
Based on the latest financial reports, Mercialys (MEIYF) has net assets worth $645.48 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.46 Billion) and total liabilities ($1.82 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 | $645.48 Million |
| % of Total Assets | 26.19% |
| Annual Growth Rate | -2.01% |
| 5-Year Change | -14.87% |
| 10-Year Change | -16.83% |
| Growth Volatility | 16.05 |
Mercialys - Net Assets Trend (2005–2024)
This chart illustrates how Mercialys's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercialys (2005–2024)
The table below shows the annual net assets of Mercialys from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $762.02 Million | -12.02% |
| 2023-12-31 | $866.10 Million | -6.91% |
| 2022-12-31 | $930.43 Million | -1.56% |
| 2021-12-31 | $945.13 Million | +5.59% |
| 2020-12-31 | $895.12 Million | +4.08% |
| 2019-12-31 | $860.03 Million | -2.22% |
| 2018-12-31 | $879.54 Million | -4.45% |
| 2017-12-31 | $920.54 Million | -1.46% |
| 2016-12-31 | $934.22 Million | +1.97% |
| 2015-12-31 | $916.18 Million | +16.93% |
| 2014-12-31 | $783.53 Million | +5.83% |
| 2013-12-31 | $740.36 Million | +0.33% |
| 2012-12-31 | $737.94 Million | -56.07% |
| 2011-12-31 | $1.68 Billion | +1.93% |
| 2010-12-31 | $1.65 Billion | +2.56% |
| 2009-12-31 | $1.61 Billion | +33.16% |
| 2008-12-31 | $1.21 Billion | +1.30% |
| 2007-12-31 | $1.19 Billion | +6.94% |
| 2006-12-31 | $1.11 Billion | -0.63% |
| 2005-12-31 | $1.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercialys'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $93.89 Million | 14.88% |
| Other Comprehensive Income | $545.15 Million | 86.39% |
| Total Equity | $631.07 Million | 100.00% |
Mercialys Competitors by Market Cap
The table below lists competitors of Mercialys ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SHG:600116
|
$955.67 Million |
|
InterRent Real Estate Investment Trust
PINK:IIPZF
|
$955.74 Million |
|
Shandong Dongyue Organosilicon Mat
SHE:300821
|
$955.84 Million |
|
Boai NKY Pharmaceuticals Ltd
SHE:300109
|
$955.94 Million |
|
UNIPHAR PLC EO -08
F:0NR
|
$954.96 Million |
|
Ninety One Group
PINK:NINTF
|
$954.35 Million |
|
Guodian Nanjing Automation Co Ltd
SHG:600268
|
$954.10 Million |
|
Shaanxi Lighte Optoelectronics Material Co. Ltd. A
SHG:688150
|
$953.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercialys's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 677,224,000 to 631,065,000, a change of -46,159,000 (-6.8%).
- Net income of 53,759,000 contributed positively to equity growth.
- Dividend payments of 92,643,000 reduced retained earnings.
- Share repurchases of 3,408,000 reduced equity.
- Other comprehensive income decreased equity by 43,508,000.
- Other factors increased equity by 39,641,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $53.76 Million | +8.52% |
| Dividends Paid | $92.64 Million | -14.68% |
| Share Repurchases | $3.41 Million | -0.54% |
| Other Comprehensive Income | $-43.51 Million | -6.89% |
| Other Changes | $39.64 Million | +6.28% |
| Total Change | $- | -6.82% |
Book Value vs Market Value Analysis
This analysis compares Mercialys'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: 1.52x
- 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 0.67x to 1.52x 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 | $10.26 | x |
| 2006-12-31 | $15.27 | $10.26 | x |
| 2007-12-31 | $16.31 | $10.26 | x |
| 2008-12-31 | $16.05 | $10.26 | x |
| 2009-12-31 | $18.80 | $10.26 | x |
| 2010-12-31 | $17.94 | $10.26 | x |
| 2011-12-31 | $18.28 | $10.26 | x |
| 2012-12-31 | $8.02 | $10.26 | x |
| 2013-12-31 | $8.05 | $10.26 | x |
| 2014-12-31 | $8.53 | $10.26 | x |
| 2015-12-31 | $7.74 | $10.26 | x |
| 2016-12-31 | $7.93 | $10.26 | x |
| 2017-12-31 | $7.82 | $10.26 | x |
| 2018-12-31 | $7.41 | $10.26 | x |
| 2019-12-31 | $7.17 | $10.26 | x |
| 2020-12-31 | $7.57 | $10.26 | x |
| 2021-12-31 | $8.00 | $10.26 | x |
| 2022-12-31 | $7.77 | $10.26 | x |
| 2023-12-31 | $7.26 | $10.26 | x |
| 2024-12-31 | $6.75 | $10.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercialys 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): 8.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.31%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 3.42x
- Recent ROE (8.52%) is below the historical average (10.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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% | 36.10% | 0.07x | 3.28x | $-12.13 Million |
| 2022 | 5.94% | 20.41% | 0.09x | 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 |
Industry Comparison
This section compares Mercialys's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercialys (MEIYF) | $645.48 Million | 0.70% | 2.82x | $955.20 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |