MERCER INTERNATIONAL INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.92 USD | -4.29% |
|
-6.11% | -5.91% |
| May. 13 | RBC Raises Price Target on Mercer International to $11 From $10, Keeps Sector Perform Rating | MT |
| May. 10 | Transcript : Mercer International Inc., Q1 2024 Earnings Call, May 10, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 806.9 | 674.4 | 791.2 | 769.8 | 630.1 | 595.8 | - | - |
| Enterprise Value (EV) 1 | 1,544 | 1,500 | 1,683 | 1,762 | 1,926 | 1,870 | 1,840 | 595.8 |
| P/E ratio | -82 x | -39.4 x | 4.65 x | 3.14 x | -2.6 x | -15.9 x | 17.8 x | - |
| Yield | 4.37% | 3.24% | 2.17% | 2.58% | 3.16% | 3.36% | 3.45% | - |
| Capitalization / Revenue | 0.5 x | 0.47 x | 0.44 x | 0.34 x | 0.32 x | 0.29 x | 0.28 x | - |
| EV / Revenue | 0.95 x | 1.05 x | 0.93 x | 0.77 x | 0.97 x | 0.92 x | 0.87 x | - |
| EV / EBITDA | 7.34 x | 7.79 x | 3.52 x | 3.28 x | 110 x | 7.24 x | 5.62 x | 3.66 x |
| EV / FCF | 13,752,532 x | -40,591,412 x | 73,906,007 x | 9,687,102 x | -9,377,997 x | - | 29,674,448 x | - |
| FCF Yield | 0% | -0% | 0% | 0% | -0% | - | 0% | - |
| Price to Book | 1.46 x | 1.12 x | 1.14 x | 0.92 x | 0.99 x | 1.09 x | 1.1 x | - |
| Nbr of stocks (in thousands) | 65,598 | 65,800 | 65,988 | 66,132 | 66,471 | 66,795 | - | - |
| Reference price 2 | 12.30 | 10.25 | 11.99 | 11.64 | 9.480 | 8.920 | 8.920 | 8.920 |
| Announcement Date | 2/13/20 | 2/16/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,624 | 1,423 | 1,803 | 2,281 | 1,994 | 2,036 | 2,121 | - |
| EBITDA 1 | 210.4 | 192.6 | 478.8 | 536.5 | 17.46 | 258.3 | 327.3 | 163 |
| EBIT 1 | 84 | 63.73 | 346.6 | 392.4 | -188.8 | 102 | 157 | - |
| Operating Margin | 5.17% | 4.48% | 19.22% | 17.2% | -9.47% | 5.01% | 7.4% | - |
| Earnings before Tax (EBT) 1 | 9.587 | -11.14 | 260.6 | 345.3 | - | -15 | 55 | - |
| Net income 1 | -9.639 | -17.24 | 171 | 247 | - | -11 | 39 | - |
| Net margin | -0.59% | -1.21% | 9.48% | 10.83% | - | -0.54% | 1.84% | - |
| EPS 2 | -0.1500 | -0.2600 | 2.580 | 3.710 | -3.650 | -0.5600 | 0.5000 | - |
| Free Cash Flow | 112.2 | -36.95 | 22.77 | 181.9 | -205.3 | - | 62 | - |
| FCF margin | 6.91% | -2.6% | 1.26% | 7.98% | -10.3% | - | 2.92% | - |
| FCF Conversion (EBITDA) | 53.35% | - | 4.76% | 33.91% | - | - | 18.94% | - |
| FCF Conversion (Net income) | - | - | 13.32% | 73.64% | - | - | 158.97% | - |
| Dividend per Share 2 | 0.5375 | 0.3325 | 0.2600 | 0.3000 | 0.3000 | 0.3000 | 0.3075 | - |
| Announcement Date | 2/13/20 | 2/16/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 519 | 592.7 | 572.3 | 532.8 | 583.1 | 522.7 | 529.9 | 470.8 | 470.5 | 553.4 | 473.1 | 506.9 | 502.3 |
| EBITDA 1 | 164.9 | 154.5 | 145.1 | 140.9 | 96.13 | 27.47 | -68.68 | 37.53 | 21.14 | 63.6 | 46.8 | 70.4 | 77.77 |
| EBIT 1 | 130 | 122.4 | 114 | 108.7 | 47.26 | -20.12 | -108.8 | -3.426 | -56.4 | 23.2 | 17 | 29 | 33 |
| Operating Margin | 25.04% | 20.64% | 19.92% | 20.41% | 8.11% | -3.85% | -20.54% | -0.73% | -11.99% | 4.19% | 3.59% | 5.72% | 6.57% |
| Earnings before Tax (EBT) 1 | - | 113.1 | 105.5 | 98.04 | 28.63 | -35.93 | -125.8 | - | - | - | -8 | 6 | 10 |
| Net income 1 | 74.52 | 88.9 | 71.37 | 66.75 | 20.02 | -30.58 | -98.31 | - | - | - | -6 | 4 | 7 |
| Net margin | 14.36% | 15% | 12.47% | 12.53% | 3.43% | -5.85% | -18.55% | - | - | - | -1.27% | 0.79% | 1.39% |
| EPS | 1.120 | 1.340 | 1.070 | 1.000 | 0.3000 | -0.4600 | -1.480 | -0.3900 | -1.310 | -0.2500 | - | - | - |
| Dividend per Share 2 | 0.0650 | 0.0750 | 0.0750 | 0.0750 | 0.0750 | 0.0750 | 0.0750 | 0.0750 | 0.0750 | - | 0.0775 | 0.0775 | 0.0775 |
| Announcement Date | 2/17/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/16/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/15/24 | 5/9/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 737 | 826 | 892 | 992 | 1,295 | 1,274 | 1,244 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.502 x | 4.285 x | 1.863 x | 1.85 x | 74.19 x | 4.932 x | 3.801 x | - |
| Free Cash Flow | 112 | -37 | 22.8 | 182 | -205 | - | 62 | - |
| ROE (net income / shareholders' equity) | -1.7% | -2.99% | 29.5% | 32.2% | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 8.400 | 9.120 | 10.50 | 12.70 | 9.550 | 8.170 | 8.150 | - |
| Cash Flow per Share | - | 1.800 | 5.090 | 5.830 | - | - | - | - |
| Capex 1 | 132 | 78.5 | 159 | 179 | 136 | 110 | 120 | - |
| Capex / Sales | 8.13% | 5.52% | 8.84% | 7.84% | 6.84% | 5.4% | 5.66% | - |
| Announcement Date | 2/13/20 | 2/16/21 | 2/17/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
8.92
USD
Average target price
10.88
USD
Spread / Average Target
+21.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.91% | 596M | |
| +11.71% | 3.14B | |
| -0.66% | 175M | |
| -16.67% | 71.14M |
- Stock Market
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- MERC Stock
- Financials Mercer International Inc.
