A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
MERCER INTERNATIONAL INC.
MERC
$45M
Mkt Cap
$0.67
-2.75%
MERCER INTERNATIONAL INC. (MERC) has a 5-year average return on invested capital (ROIC) of -1.3%. This is below average and may indicate limited pricing power.
MERCER INTERNATIONAL INC. (MERC) has a market capitalization of $45M. It is classified as a small-cap stock.
Yes, MERCER INTERNATIONAL INC. (MERC) pays a dividend with a trailing twelve-month yield of 22.35%.
MERCER INTERNATIONAL INC. (MERC) operates in the Pulp Mills industry, within the Materials sector.
MERCER INTERNATIONAL INC. (MERC) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
MERCER INTERNATIONAL INC. (MERC) has a net profit margin of -26.7%. The company is currently unprofitable.
MERCER INTERNATIONAL INC. (MERC) generated $-80 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
In this document, please note the following: •references to “we”, “our”, “us”, the “Company” or “Mercer” mean Mercer International Inc. and its subsidiaries, unless the context clearly suggests otherwise, and references to “Mercer Inc.” mean Mercer International Inc. excluding its subsidiaries; •references to “$” or “dollars” are to U.S. dollars, which is our reporting currency, unless otherwise stated; “€” are to euros; and “C$” are to Canadian dollars; •references to “ADMTs” mean air-dried metric tonnes; •references to “CLT” mean cross-laminated timber; •references to “glulam” mean glue-laminated timber; •references to “m3” mean cubic meters; •references to “Mfbm” mean thousand board feet; •references to “MMfbm” mean million board feet; •references to “MW” mean megawatts and “MWh” mean megawatt hours; •references to “NBHK” mean northern bleached hardwood kraft; •references to “NBSK” mean northern bleached softwood kraft; •references to “tonnes” mean metric tonnes; and •our lumber met
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 2.0B | 2.0B | 2.3B | 1.8B |
| Net Income | -528M | -498M | -85M | -242M | 247M | 171M |
| EPS | $-7.88 | $-7.44 | $-1.27 | $-3.65 | $3.71 | $2.58 |
| Free Cash Flow | -156M | -80M | 5.9M | -205M | 182M | 23M |
| ROIC | -22.6% | -27.8% | 0.8% | -10.9% | 16.6% | 15.0% |
| Gross Margin | - | 91.4% | 15.1% | 5.7% | 29.2% | 30.0% |
| Debt/Equity | 0.00 | 23.89 | 3.47 | 2.56 | 1.63 | 1.81 |
| Dividends/Share | $0.00 | $0.15 | $0.30 | $0.30 | $0.30 | $0.26 |
| Operating Income | -437M | -398M | 15M | -189M | 392M | 347M |
| Operating Margin | -23.6% | -21.3% | 0.7% | -9.5% | 17.2% | 19.2% |
| ROE | 0.0% | -200.0% | -16.0% | -32.8% | 32.2% | 26.4% |
| Shares Outstanding | 67M | 67M | 67M | 66M | 67M | 66M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.2B | 1.0B | 932M | 1.2B | 1.5B | 1.6B | 1.4B | 1.8B | 2.3B | 2.0B | 2.0B | 1.9B | 1.9B |
| Gross Margin | 24.5% | 26.5% | 24.4% | 25.1% | 26.5% | 17.6% | 18.6% | 30.0% | 29.2% | 5.7% | 15.1% | 91.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 48M | 46M | 45M | 50M | 61M | 74M | 67M | 79M | 106M | 123M | 116M | 114M | 113M |
| EBIT | 162M | 166M | 115M | 169M | 268M | 84M | 64M | 347M | 392M | -189M | 15M | -398M | -437M |
| Op. Margin | 13.8% | 16.0% | 12.4% | 14.4% | 18.4% | 5.2% | 4.5% | 19.2% | 17.2% | -9.5% | 0.7% | -21.3% | -23.6% |
| Net Income | 113M | 76M | 35M | 70M | 129M | -9.6M | -17M | 171M | 247M | -242M | -85M | -498M | -528M |
| Net Margin | 9.6% | 7.3% | 3.8% | 6.0% | 8.8% | -0.6% | -1.2% | 9.5% | 10.8% | -12.1% | -4.2% | -26.7% | -28.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 9.2M | 26M | 0 | 0 | 0 | 34M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 14.4% | 12.0% | 7.8% | 10.3% | 14.1% | 3.7% | 4.7% | 15.0% | 16.6% | -10.9% | 0.8% | -27.8% | -22.6% |
| ROE | 28.4% | 18.4% | 9.2% | 15.2% | 22.7% | -1.7% | -3.0% | 26.4% | 32.2% | -32.8% | -16.0% | -200.0% | 0.0% |
| ROA | 7.9% | 6.1% | 3.0% | 4.9% | 6.9% | -0.5% | -0.8% | 7.6% | 9.7% | -9.0% | -3.5% | -23.1% | -26.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 145M | 159M | 141M | 142M | 237M | 244M | 42M | 182M | 361M | -69M | 90M | 8.6M | -74M |
| Free Cash Flow | 110M | 113M | 98M | 84M | 150M | 112M | -37M | 23M | 182M | -205M | 5.9M | -80M | -156M |
| Owner Earnings | 65M | 88M | 64M | 54M | 136M | 115M | -88M | 48M | 210M | -247M | -84M | -154M | -237M |
| CapEx | 35M | 47M | 43M | 58M | 87M | 132M | 79M | 159M | 179M | 136M | 84M | 89M | 82M |
| Maint. CapEx | 78M | 68M | 72M | 85M | 97M | 126M | 129M | 132M | 144M | 173M | 171M | 160M | 160M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 5.6M | 0 | 27M | 35M | 0 | 0 | 0 | 0 |
| D&A | 78M | 68M | 72M | 85M | 97M | 126M | 129M | 132M | 144M | 173M | 171M | 160M | 160M |
| CapEx/OCF | 23.9% | 29.2% | 30.2% | 40.8% | 36.8% | 54.0% | 188.9% | 87.5% | 49.6% | N/A | 93.5% | 1031.6% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 7.4M | 30M | 30M | 41M | 35M | 22M | 17M | 20M | 20M | 20M | 10M | 0 |
| Dividend Yield | N/A | 1.4% | 7.6% | 5.1% | 5.4% | 5.1% | 4.6% | 2.4% | 2.4% | 3.5% | 4.0% | 3.8% | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 754K | 162K | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.1% | 0.0% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.6M | 2.4M | 4.7M | 2.9M | 3.9M | 3.0M | 928K | 2.4M | 6.7M | 5.9M | 3.9M | 2.3M | 2.1M |
| Debt Repayment | 891M | 11M | 23M | 235M | 317M | 104M | 0 | 825M | 0 | 0 | 300M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 620M | 538M | 481M | 816M | 806M | 753M | 844M | 910M | 940M | 1.3B | 1.3B | 1.4B | 1.5B |
| Cash & Equiv. | 53M | 100M | 137M | 143M | 240M | 351M | 361M | 346M | 354M | 314M | 185M | 187M | 85M |
| Long-Term Debt | 662M | 638M | 618M | 663M | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.6B | 1.5B | 1.6B | 1.5B |
| Debt/Equity | 1.53 | 1.67 | 1.63 | 1.74 | 1.80 | 2.01 | 2.01 | 1.81 | 1.63 | 2.56 | 3.47 | 23.89 | 0.00 |
| Interest Coverage | 2.4 | 3.1 | 2.2 | 3.1 | 5.2 | 1.1 | 0.8 | 4.9 | 5.5 | -2.1 | 0.1 | -3.5 | -3.5 |
| Equity | 439M | 383M | 379M | 551M | 581M | 550M | 601M | 694M | 839M | 635M | 430M | 68M | -5.5M |
| Total Assets | 1.3B | 1.2B | 1.2B | 1.7B | 2.0B | 2.1B | 2.1B | 2.4B | 2.7B | 2.7B | 2.3B | 2.0B | 2.0B |
| Total Liabilities | 867M | 800M | 780M | 1.2B | 1.4B | 1.5B | 1.5B | 1.7B | 1.9B | 2.0B | 1.8B | 2.0B | 2.0B |
| Intangibles | 5.4M | N/A | N/A | 25M | 54M | 53M | 52M | 48M | 61M | 53M | 50M | 26M | 26M |
| Retained Earnings | 100M | 161M | 166M | 206M | 302M | 256M | 217M | 371M | 598M | 336M | 231M | -277M | -329M |
| Working Capital | 242M | 284M | 309M | 422M | 615M | 588M | 663M | 781M | 800M | 806M | 653M | 582M | 450M |
| Current Assets | 358M | 389M | 402M | 852M | 811M | 845M | 875M | 1.1B | 1.2B | 1.1B | 910M | 866M | 835M |
| Current Liabilities | 116M | 104M | 93M | 430M | 195M | 256M | 212M | 283M | 378M | 286M | 257M | 284M | 385M |
| Per Share Data | |||||||||||||
| EPS | 1.81 | 1.17 | 0.54 | 1.08 | 1.96 | -0.15 | -0.26 | 2.58 | 3.71 | -3.65 | -1.27 | -7.44 | -7.88 |
| Owner EPS | 1.04 | 1.37 | 0.99 | 0.82 | 2.07 | 1.79 | -1.33 | 0.72 | 3.15 | -3.73 | -1.26 | -2.30 | -3.53 |
| Book Value | 7.02 | 5.93 | 5.86 | 8.44 | 8.86 | 8.57 | 9.07 | 10.47 | 12.60 | 9.58 | 6.41 | 1.02 | -0.08 |
| Cash Flow/Share | 2.31 | 2.47 | 2.18 | 2.17 | 3.61 | 3.80 | 0.63 | 2.75 | 5.42 | -1.04 | 1.35 | 0.13 | -5.48 |
| Dividends/Share | 0.00 | 0.11 | 0.46 | 0.47 | 0.50 | 0.54 | 0.33 | 0.26 | 0.30 | 0.30 | 0.30 | 0.15 | 0.00 |
| Shares Out. | 62.5M | 64.5M | 64.7M | 65.3M | 65.6M | 64.3M | 66.3M | 66.3M | 66.6M | 66.3M | 67.0M | 66.9M | 67.0M |
| Valuation | |||||||||||||
| P/E Ratio | 4.8 | 5.4 | 14.1 | 10.0 | 4.2 | N/A | N/A | 3.9 | 2.8 | N/A | N/A | N/A | -0.1 |
| P/FCF | 4.9 | 3.6 | 5.0 | 8.4 | 3.6 | 5.9 | N/A | 29.5 | 3.8 | N/A | 71.4 | N/A | N/A |
| EV/EBIT | 6.9 | 5.1 | 7.4 | 9.9 | 4.1 | 12.5 | 16.3 | 3.5 | 3.4 | N/A | 101.6 | N/A | N/A |
| Price/Book | 1.2 | 1.1 | 1.3 | 1.3 | 0.9 | 1.2 | 1.0 | 1.0 | 0.8 | 0.9 | 1.0 | 2.0 | N/A |
| Price/Sales | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.4 | 0.3 | 0.2 | 0.1 | 0.0 |
| FCF Yield | 20.2% | 27.6% | 20.0% | 11.9% | 28.0% | 17.0% | -6.5% | 3.4% | 26.4% | -34.9% | 1.4% | -58.3% | -346.5% |
| Market Cap | 543M | 409M | 492M | 708M | 534M | 661M | 573M | 672M | 690M | 588M | 420M | 137M | 45M |
| Avg. Price | 6.81 | 8.48 | 6.08 | 8.96 | 11.57 | 10.71 | 7.13 | 10.95 | 12.33 | 8.65 | 7.54 | 3.99 | 0.67 |
| Year-End Price | 8.69 | 6.33 | 7.61 | 10.84 | 8.15 | 10.29 | 8.64 | 10.13 | 10.37 | 8.86 | 6.27 | 2.05 | 0.67 |
MERCER INTERNATIONAL INC. passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 34.3%. Total shareholder yield (dividends) is 22.4%. At current prices, the estimated annualized return to fair value is -20.8%.
MERCER INTERNATIONAL INC. (MERC) has a debt-to-equity ratio of 23.89. This indicates higher leverage, which may increase financial risk.
MERCER INTERNATIONAL INC. (MERC) reported earnings per share (EPS) of $-7.44 in its most recent fiscal year.
MERCER INTERNATIONAL INC. (MERC) has a return on equity (ROE) of -200.0%. A negative ROE may indicate losses or negative equity.
MERCER INTERNATIONAL INC. (MERC) has a 5-year average gross margin of 34.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for MERCER INTERNATIONAL INC. (MERC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MERCER INTERNATIONAL INC. (MERC) has a book value per share of $1.02, based on its most recent annual SEC filing.