Mersen produces materials and electrical components intended for alternative energies, chemicals and pharmaceuticals, rail transportation, electronics and process industries. Co. divides its operations into two segments: Advanced Materials and Technologies (AMT - Materials), and Electrical Components and Technologies (ECT - Electrical). In addition, Co. produces four types of products: Electrical Applications, Electrical Protection, High-Temperature Applications, and Anticorrosion Equipment. Co. also caters to the process industries, supporting their transition towards greater energy efficiency and boasts an efficient manufacturing base with plants employing the very latest technologies.
  • TickerMRN
  • ISINFR0000039620
  • ExchangeEuronext Paris
  • SectorElectronic & Electrical Equipment
  • CountryFrance

Thanks to a better fundamental star rating, MERSEN (EX LCL) sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MERSEN (EX LCL) (FR), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 26, 2020, the closing price was EUR 19.86 and its expected value was estimated at EUR 18.73.

Mersen: 1 director sold

A director at Mersen sold 7,711 shares at 18.000EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2020

...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 30/04/2020

...

Jean-François Granjon

Mersen : Extremely limited visibility - target price adjusted to € 20 vs € 21

>Q1 sales release in line - Following a trading update in early April, Mersen had communicated preliminary Q1 sales of € 225m, reflecting an organic drop of nearly 9%. The group confirmed this estimate with reported sales of € 225.2m. This organic decline reflects: i/ a high benchmark effect (+8.4%) more particularly for chemicals and electronics and ii/ the health crisis with an impact in China from February onwards, and in Europe from March.Sharp declin...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Matthieu DRIOL

Short term view - MERSEN (EX. CARBONE LORRAINE) : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €28.65. The next target is at €24.59, then €22.91. Passing €31.96 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - MERSEN (EX. CARBONE LORRAINE) : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 28,65 € prochainement. Le prochain objectif est à 24,59 €, puis 22,91 €. Le franchissement de 31,96 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - MERSEN (EX. CARBONE LORRAINE) : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €28.65. The next target is at €24.59, then €22.91. Passing €31.96 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - MERSEN (EX. CARBONE LORRAINE) : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 28,65 € prochainement. Le prochain objectif est à 24,59 €, puis 22,91 €. Le franchissement de 31,96 € remettrait en cause la suite de la baisse.

Mersen: 1 director sold

A director at Mersen sold 7,711 shares at 18.000EUR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Jean-François Granjon

Mersen : Extremely limited visibility - target price adjusted to € 20 vs € 21

>Q1 sales release in line - Following a trading update in early April, Mersen had communicated preliminary Q1 sales of € 225m, reflecting an organic drop of nearly 9%. The group confirmed this estimate with reported sales of € 225.2m. This organic decline reflects: i/ a high benchmark effect (+8.4%) more particularly for chemicals and electronics and ii/ the health crisis with an impact in China from February onwards, and in Europe from March.Sharp declin...

Jean-François Granjon

Mersen : Une visibilité extrêmement limitée – Objectif de cours ajusté à 20 € (vs 21 €)

>Publication du CA T1 2020 en ligne - Suite à un trading update début avril, Mersen avait communiqué sur un CA T1 préliminaire de 225 M€ traduisant une baisse organique de près de 9%. Le groupe confirme cette estimation avec un CA publié de 225.2 M€. Cette baisse organique est le reflet : i/ d’un effet de référence élevé (+8.4%) plus particulièrement pour la Chimie et l’Electronique et ii/ de la crise sanitaire avec un impact en Chine dès le mois de février puis en Eu...

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19: many seriously ill, few asymptomatic

A sector hard hit by COVID-19, with EPS estimates slashed by 35% and target prices by >25%; many high-risk stocks (e.g. Haulotte, Manitou, Exel Industries …) and few safe profiles (e.g. Albioma, Rubis and GTT). - >Serious problems ahead, at least in the short term - Almost all of our mid cap companies with an industrial focus are set to be badly hurt in the short term by the global coronavirus outbreak, especially if the health crisis is followed by severe economic re...

Emmanuel Matot ...
  • Jean-François Granjon

ODDO : COVID-19 : beaucoup de malades graves et peu d’asymptomatiques

Un secteur très impacté par COVID-19 avec une révision en baisse de ~35% des BPA et >25% de nos OC – De nombreux dossiers à risque élevé (Haulotte, Manitou, Exel Industries…) et rares sont les profils assez safe (Albioma, Rubis, GTT). - >Des sociétés face à de graves problèmes, du moins à court terme - La quasi-totalité de nos sociétés Midcap à connotation industrielle vont être lourdement touchées à court terme par la crise sanitaire mondiale du Coronavirus surtout si...

Jean-François Granjon

Mersen : 2019 results broadly in line but 2020 under pressure - Results revised down by 16% - Target price € 25 (vs € 37.5) - Neutral (vs Buy)

>Full-year results in line for underlying operating profit - Whilst full-year sales have already been reported (see our comments of 31 January 2020), the group reported full-year earnings that were in line with our forecasts and those of the consensus except for attributable net profit. Underlying operating profit came in at € 102.1m (€ 103.5m estimated and € 101m for the consensus) and € 100.6m before IFRS 16 vs € 91.6m y-o-y (+9.8%). The underlying operating margin ...

Fatma Agnès Hamdani ...
  • Nicolas David
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/31/2018

...

Fatma Agnès Hamdani ...
  • Nicolas David
  • Salma Bouraoui
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 31/05/2018

...

Mersen : Acquisition in the field of power electronics – Stock in our list of Top Picks for H1 2018

>Acquisition of FTCap - Mersen has announced the signing of a contract with a view to acquiring FTCap, a developer and producer of capacitors. Our takeaways from contact with the company are as follows:FTCap is based in Germany and Switzerland and specialises in producing capacitors with a variety of applications in industry. The product range is wide, from film capacitors to electrolytic capacitors. The company employs around 200 staff and generated in 2017 sale...

Mersen : Acquisition dans le domaine de l’électronique de puissance – Titre dans notre Top Pick List H1 2018

>Acquisition de la société FTCap - Mersen annonce la signature d’un contrat en vue de l’acquisition de FTCap, concepteur et fabricant de condensateurs. Après un contact avec la société, nous retiendrons les quelques éléments suivants :Basé en Allemagne et en Suisse, FTCap est spécialisé dans la fabrication de condensateurs avec de nombreuses applications dans l’industrie. La gamme de produits est large, allant des condensateurs à film aux condensateurs électrolyt...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 04/30/2020

...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Salma Bouraoui
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 30/04/2020

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 03/11/2020

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Fehmi Ben Naamane
  • Jean-François Granjon
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/03/2020

...

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 01/31/2020 Date Performance since listing Date Performance since listing

After a favourable winter season, we are expecting the summer season to be just as promising (despite the risks posed by oil and the coronavirus) with the positive capacity environment becoming ever-more manifest in the intra-European and transatlantic networks. This streamlined capacity coupled with resilient demand (UK) instils us with optimism about pricing, particularly for low-cost airlines and IAG. - Cf. report published today. - ...

Thanks to a better fundamental star rating, MERSEN (EX LCL) sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MERSEN (EX LCL) (FR), active in the Electrical Components & Equipment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 26, 2020, the closing price was EUR 19.86 and its expected value was estimated at EUR 18.73.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Florian Béchaz

Mersen - Assemblée Générale des actionnaires du 14 mai 2020

Proxinvest attire l'attention des investisseurs sur plusieurs points : - Tout d'abord, concernant les politiques de rémunération du Président du Conseil d'Administration et du Directeur Général pour l'exercice 2020, Proxinvest tient à saluer les efforts de transparence maintenus par la Société, ce qui justifie notre approbation. - S'agissant ensuite de la rémunération du Président du Conseil d'Administration pour l'exercice écoulé (résolution 10), il faut noter que bien que les montant en jeu restent supérieurs à nos préconisations et que la structure de la rémunération demeure perfectible, ...

Florian Béchaz

Mersen - Assemblée Générale des actionnaires du 17 Mai 2019

La précédente assemblée générale du 17 mai 2018 aura été marqué par une réelle prise de conscience par la société de la perfectibilité des rémunérations de ses dirigeants. Il est vrai que les résolutions relatives à l'approbation des éléments de rémunérations versés au Directeur Général pour l'exercice 2017 et à l'approbation de sa politique de rémunération pour l'exercice à suivre, ont connues un taux d'approbation particulièrement faible avec respectivement 72,54% et 65,03%. Ainsi, la communication de la rémunération du Président du Conseil d'Administration pour l'exercice écoulé (résolutio...

Proxy Report - 17/05/2018

L'exercice 2017 fût marqué par un changement dans la gouvernance de la société s'agissant du Président du Conseil : Olivier Legrain a succédé à Hervé Couffin dans l'exercice de ses fonctions. S'agissant de la rémunération des dirigeants, Proxinvest soutiendra la rémunération 2017 des dirigeants (Résolutions 6, 7 et 8), notamment en raison du caractère modéré des montants attribués et de la bonne communication de la société. Toutefois, Proxinvest s'opposera à la politique de rémunération pour 2018 (Résolutions 9 et 10) en raison du manque de transparence sur les montants attribuables (montant ...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

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