MCR.WAR Mercor S.A.
- Market cap
- PLN 125M
- P/E
- -
- P/B
- 0.44x
- ROE
- 37.4%
- Dividend yield
- 21.72%
- Fundamental score
- 3.2/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is MCR.WAR undervalued?
Graham numberThe Graham number of Mercor S.A. cannot be estimated reliably (it needs positive earnings and book value).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Mercor S.A. fundamental analysis
14 of 22 checks passedROE 2/2
High return on equity (37.4%), above 20%.
ROA 1/1
Return on assets (26.8%) is above the industry median (2.4%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (2,226.6%) is above the 5-year average (70.2% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (2,226.6%) is above the industry median (5.1%).
Revenue Growth 0/2
Revenue shrank 33.9% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (11.5%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 0/1
Operating cash flow does not cover 20% of total debt.
Interest Coverage 0/1
EBIT is negative, against interest expense, below 5x.
PE vs Market 0/1
PE is negative or not available.
PE vs Industry 0/1
PE is negative or not available.
PBV 1/1
Price to book (0.4x) is below the industry median (1.5x).
Graham Number 0/1
Graham number needs positive earnings and book value.
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 2/2
Dividend yield (21.7%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 12.3%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Mercor S.A. stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Mercor S.A.
mcr Spolka Akcyjna produces, sells, installs, and services passive fire protection systems in Poland, the Czech Republic, Slovakia, Spain, Romania, Hungary, the United Kingdom, and internationally. It provides active extinguishing, including water mist fire extinguishing; construction security, which includes panel systems, spray systems, installation penetration systems, intumescent coating systems, and sprayed acoustic plasters; and building systems integration, industrial…
Full company profileMercor S.A. financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Mercor S.A. annual financial statements (PLN; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 269M | 318M | 371M | 396M | 386M | 496M | 628M | 587M | 507M | 181M | -159M |
| Gross Profit | 69.1M | 76.6M | 94.4M | 107M | 105M | 117M | 156M | 153M | 118M | 31.5M | -64.4M |
| Operating Income | 11.5M | 18.3M | 25.0M | 35.3M | 38.0M | 44.0M | 68.8M | 57.1M | 20.5M | -16.7M | 9.24M |
| EBITDA | 20.4M | 28.7M | 36.0M | 46.5M | 51.2M | 58.1M | 87.1M | 84.2M | 45.0M | 4.01M | -11.8M |
| Net Income | 3.05M | 10.2M | 15.0M | 21.6M | 26.9M | 29.8M | 41.7M | 49.3M | 16.1M | 222M | 105M |
| EPS | 0.19 | 0.65 | 0.96 | 1.38 | 1.72 | 1.91 | 2.68 | 3.19 | 1.06 | 25 | 12 |
| Balance Sheet | |||||||||||
| Total Assets | 292M | 322M | 346M | 354M | 347M | 434M | 447M | 432M | 405M | 383M | 392M |
| Total Liabilities | 170M | 185M | 197M | 182M | 175M | 243M | 222M | 193M | 186M | 94.7M | 106M |
| Shareholders' Equity | 116M | 132M | 145M | 167M | 165M | 185M | 213M | 227M | 216M | 283M | 280M |
| Cash & Short-term Investments | 11.2M | 12.7M | 13.5M | 12.8M | 24.2M | 19.9M | 29.2M | 15.6M | 18.2M | 149M | 140M |
| Total Debt | 98.6M | 104M | 110M | 95.1M | 90.3M | 117M | 96.3M | 88.1M | 101M | 33.4M | 32.1M |
| Cash Flow | |||||||||||
| Operating Cash Flow | 12.3M | 7.86M | 14.0M | 44.7M | 44.9M | 6.57M | 64.0M | 50.4M | 27.0M | -118M | -125M |
| Capital Expenditure | 24.8M | 12.9M | 11.7M | 18.3M | 20.0M | 13.2M | 10.9M | 11.6M | 13.9M | 39.7M | 50.0M |
| Free Cash Flow | -12.5M | -5.02M | 2.30M | 26.4M | 24.9M | -6.58M | 53.1M | 38.8M | 13.1M | -158M | -175M |
| Ratios | |||||||||||
| ROE | 2.6% | 7.8% | 10.3% | 12.9% | 16.3% | 16.1% | 19.6% | 21.7% | 7.5% | 78.4% | 37.4% |
| ROA | 1.0% | 3.2% | 4.3% | 6.1% | 7.7% | 6.9% | 9.3% | 11.4% | 4.0% | 57.9% | 26.8% |
| Net Profit Margin | 1.1% | 3.2% | 4.0% | 5.4% | 7.0% | 6.0% | 6.6% | 8.4% | 3.2% | 122.4% | - |
| Debt to Equity | 0.85x | 0.79x | 0.76x | 0.57x | 0.55x | 0.63x | 0.45x | 0.39x | 0.47x | 0.12x | 0.11x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Mercor S.A. dividends
- Dividend yield
- 21.72%
- Forward dividend
- 1.78 PLN
- Payout ratio
- 12.3%
- Ex-dividend date
- Nov 4, 2025
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | PLN 27.2M | 3.02 | 12.3% |
| 2024 | PLN 11.8M | 0.77 | 73.0% |
| 2023 | PLN 24.0M | 1.55 | 48.6% |
| 2022 | PLN 10.2M | 0.66 | 24.5% |
| 2021 | PLN 10.7M | 0.69 | 36.0% |
| 2020 | PLN 3.91M | 0.25 | 14.6% |
| 2019 | PLN 332K | 0.02 | 1.5% |
| 2018 | PLN 594K | 0.04 | 4.0% |
| 2017 | PLN 514K | 0.03 | 5.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Mercor S.A.
- Insiders 53.28%
- Institutions 30.04%
- Public & others 16.68%
- Shares outstanding 9.02M
- Free float 1.24M
Mercor S.A. company profile
- Company name
- Mercor S.A.
- Ticker
- MCR.WAR
- ISIN
- PLMRCOR00016
- Exchange
- Warsaw Stock Exchange
- Sector
- Industrials
- Industry
- Electronic Equipment, Instruments & Components
- Fiscal year end
- December
- Address
- Slowackiego Street 224, Gdansk, Poland, 80-298
- Phone
- 48 58 573 0073
- Website
- mcrsa.pl
About Mercor S.A.
mcr Spolka Akcyjna produces, sells, installs, and services passive fire protection systems in Poland, the Czech Republic, Slovakia, Spain, Romania, Hungary, the United Kingdom, and internationally. It provides active extinguishing, including water mist fire extinguishing; construction security, which includes panel systems, spray systems, installation penetration systems, intumescent coating systems, and sprayed acoustic plasters; and building systems integration, industrial energy storage, and fire partitions. It serves industrial buildings, professional energy, server rooms, high-rise buildings, cultural heritage buildings, industry and energy, public buildings, and commercial and logistics facilities. The company was formerly known as Mercor S.A. and changed its name to mcr Spolka Akcyjna in December 2025. The company was founded in 1988 and is headquartered in Gdansk, Poland.
Mercor S.A. management
5- Mr. Krzysztof KrempecChairman of the Management Board
- Mr. Jakub LipinskiCFO & First Vice President of the Management Board
- Mr. Tomasz KaminskiMember of the Management Board
- Mr. Tomasz RutowskiSecretary & Member of Supervisory Board
- Mr. Jaroslaw RompcaManaging Director of Smoke & Heat Exhaust Systems Department