Added to YB: 2026-09-24
Pitch date: 2026-09-21
MRN.PA [bullish]
Mersen S.A.
+10.05%
current return
Author Info
No bio for this author
Company Info
Mersen S.A. manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.
Market Cap
EUR 904.1M
Pitch Price
EUR 38.20
Price Target
N/A
Dividend
2.42%
EV/EBITDA
7.60
P/E
59.80
EV/Sales
1.17
Sector
Electrical Equipment
Category
turnaround
Movements of French fund managers (August 2026) - Mersen S.A.
MRN.PA (overview): Mersen offers a post-investment-cycle recovery: free cash flow turned positive a year early, industrial investment is declining in 2026 after €135M in 2025, and H1 2026 organic growth of 3.9% prompted higher annual targets. Already-financed assets support the case, with strong operational leverage if silicon carbide lives up to expectations; gradual normalization of solar and silicon carbide remains the central issue. Data centers remain a 2%-of-revenue option rather than a current driver, while delayed recovery and a profit warning are the key risks.
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