Mercialys SA

Mercialys SA

9.53
EUR
-0.02
(-0.26%)
1.10BMarket Cap
Feb 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.62
1.66
1.84
2.07
2.02
2.48
2.55
2.34
2.27
2.26
2.39
2.37
2.37
- -
Basic EPS, GAAP
1.34
1.66
0.87
1.2
0.94
0.88
0.98
0.94
0.67
0.46
0.57
0.58
0.36
- -
Free Cash Flow per Basic Share
1.16
1.27
1.45
1.64
1.79
1.81
1.69
1.47
1.46
1.61
1.44
1.73
1.68
- -
Dividend per Share
1.31
1.18
1.64
1
1.04
1.18
1.09
0.48
0.24
0.92
0.96
0.99
1
- -
Book Value per Share
8.06
8.53
7.73
7.93
7.82
7.41
7.17
7.57
7.96
7.77
7.26
6.78
6.37
16.59
Tangible Book Value per Share
8.05
8.52
7.72
7.9
7.79
7.38
7.13
7.53
7.9
7.74
7.23
6.74
6.12
16.33
Basic Weighted Avg Shares
92
92
92
92
92
92
92
92
93
93
93
93
93
93
Sales/Revenue/Turnover
149
153
169
190
185
228
234
214
211
211
223
221
221
- -
Operating Margin (%)
-11.54
-61.69
64.45
79.9
67.34
54.35
50.3
42.14
48.37
11.91
47.36
48.62
50.58
- -
Depreciation Expense
28
24
28
37
44
42
54
53
49
46
64
31
71
- -
Net Income, GAAP
123
152
80
110
87
81
90
86
62
43
53
54
34
- -
Effective Tax Rate (%)
- -
0.69
3.72
2.27
0.69
2.64
3.26
2.02
1.22
1.41
1.09
1.49
3.04
- -
Profit Margin (%)
82.81
99.79
47.12
57.98
46.77
35.47
38.59
40.11
29.51
20.41
23.91
24.31
15.35
- -
Working Capital
42
21
-121
-224
-62
-294
-186
119
175
87
75
230
78
6
LT Debt
746
1,018
1,205
1,209
1,362
1,185
1,199
1,317
1,245
1,141
1,141
1,252
1,309
1,309
Total Equity
740
784
916
934
921
880
860
895
945
930
866
762
667
1,611
Return on Invested Capital (%)
- -
10.09
5.1
6.23
4.94
4.54
4.76
5.01
4.19
4.63
3.99
4.89
3.47
- -
Return on Capital (%)
- -
13.09
6.29
7.43
4.67
3.87
4.39
4.66
3.8
4.15
4.44
4.7
3.3
- -
Return on Common Equity (%)
16.7
20.02
10.66
15.3
11.98
11.57
13.51
12.71
8.66
5.87
7.61
8.22
5.54
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
395
367
59
LT Borrowings
1,242
1,235
1,237
LT Finance Leases
78
75
71
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
93
93
94
Market Capitalization
991
1,020
1,098

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
517
499
124
Cash, Cash Equivalents & STI
442
435
45
Accounts Receivable, Net
29
28
34
Inventories
5
8
13
Total Current Liabilities
466
421
119
Payables & Accruals
- -
- -
- -
ST Debt
395
367
59
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.95%
-5.49%
-12.53%
Free Cash Flow
2.16%
3.64%
-2.79%
Net Income, GAAP
-5.35%
-14.1%
-36.82%
Sales/Revenue/Turnover
3.06%
0.71%
0.07%
Total Cash Common Dividend
15.82%
48.69%
0.88%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
221
2025
- -
- -
221
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.58
2025
- -
- -
0.36
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.99
2025
- -
- -
1
2026
- -
- -
- -

Company Description

CEO
Vincent Ravat
Full Time Employees
199
Sector
Finance
Industry
Real estate development
Address
16-18 rue du Quatre Septembre Paris IF France 75002
IPO Date
Oct 13, 2005
Business
Mercialys SA Mercialys SA (MERY.PA) is a leading French real estate investment trust (SIIC) specializing in the ownership, management, enhancement, and transformation of retail properties, including around thirty strategic shopping centers known as Shopping Parks that blend broad retail offerings with cost-efficient retail park models under the SHOP.PARK brand; these encompass large neighborhood centers, self-service restaurants, specialty shops adjacent to hypermarkets or supermarkets primarily affiliated with Groupe Casino, and modular assets totaling over 700,000 sqm of gross leasable area focused on everyday needs at affordable prices for diverse customer segments. The company generates revenue mainly through leasing space to national branded stores, chain retailers, franchises, and independent merchants hosting leading food brands such as Auchan, Leclerc, Grand Frais, Lidl, and Carrefour alongside non-food tenants, while outsourcing support functions like property management, finance, legal affairs, and IT to Groupe Casino units; it operates across mainland France and select overseas territories from its headquarters in Paris, Ile-de-France, where it employs approximately 177 staff and maintains a portfolio valued at €2.8 billion as of December 31, 2024. Founded in 2005 as a spin-off from Groupe Casino and listed on Euronext Paris that year, Mercialys emphasizes dynamic asset management, commercial innovation via casual leasing and coworking spaces, digital ecosystems including the Le Shop/Ocitô marketplace for click-and-collect logistics, and sustainability initiatives such as a SBTi-validated decarbonization trajectory targeting Net Zero by 2050. In recent developments, the company completed the acquisition of the remaining 49% stake in Hyperthétis Participations for €28 million in July 2025, securing full control over 66,000 sqm across five sites in Angers, Brest, Niort, Narbonne, and Le Puy with immediately accretive returns; it acquired an additional 70% stake in Imocom Partners in March 2025 to bolster retail park capabilities, purchased the Saint-Genis 2 shopping center near Lyon in June 2025, secured key leases like Lidl at Niort and Leclerc/Grand Frais at Brest, disposed of four hypermarkets for €117.5 million in 2024, introduced the SHOP.PARK identity to mark its 20th anniversary in 2025, achieved Net-Zero SBTi certification, and strengthened governance with appointments including Sarah Leroy as General Secretary and Philippine Manuel de Bruyn as Deputy Managing Director.

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