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Mercer International Inc.

Mercer International Inc.

NASDAQ•MERC
CEO: Mr. Juan Carlos Bueno
セクター: Basic Materials
業種: Paper, Lumber & Forest Products
上場日: 1988-07-20
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills. The company also manufactures, distributes, and sells lumber, cross-laminated timber, finger joint lumber, glue-laminated timber, wood pallets, electricity, biofuels, and wood residuals. In addition, it generates and sells green energy produced from biomass cogeneration power plant to third party. Further, it produces and sells NBSK pulp manufactured from softwood; green energy using carbon-neutral biofuels, such as black liquor and wood waste; tall oil from black liquor for use as a chemical additive and green energy source; bio extractives and biomaterials, including lignin, turpentine, cellulose filaments, and sandalwood oil; and biofuels; as well as provides transportation and logistics services. The company sells its pulp to pulp markets, integrated paper and paperboard manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.
連絡先情報
700 West Pender Street, Suite 1120, Vancouver, BC, V6C 1G8, Canada
604-684-1099
www.mercerint.com
時価総額
$139.99M
PER (TTM)
-0.3
20.8
配当利回り
7.2%
52週高値
$8.28
52週安値
$1.48
52週レンジ
9%
順位49Top 66.7%
3.2
F-Score
改良版 Piotroski 分析
10年ファンダメンタル
弱い • 3.2 / 9 ポイント
スコアレンジ (0-9)
8-9: 価値が優れている
6-7: 基礎体質が強い
4-5: 全体的に堅調
0-3: パフォーマンスが弱い
データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$449.50M+0.00%
直近4四半期の推移

EPS

-$4.61+0.00%
直近4四半期の推移

フリーCF

$32.00M+0.00%
直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Massive EBITDA Decline Operating EBITDA fell to $(22.0M) USD in 2025 from positive $243.7M USD in 2024, reflecting severe market pressures.
Significant Asset Impairment Recognized $215.7M USD non-cash impairment against long-lived assets at Peace River mill due to pricing weakness.
Pulp Revenue Contraction Pulp segment revenues dropped 11% to $1.30B USD, driven by lower sales realizations and volumes across all products.
Solid Wood Lumber Gains Lumber revenues rose 14% to $247.6M USD, driven by higher sales realizations partially offsetting lower volumes.

リスク要因

Fiber Cost Inflation Pulp segment fiber costs rose approximately 9% per unit due to constrained supply in Germany and Canada markets.
Net Loss Widens Net loss reached $(497.9M) USD in 2025, a substantial deterioration compared to the $(85.1M) USD loss reported in 2024.
Solid Wood Profitability Solid Wood Segment EBITDA was negative $(25.2M) USD, worsening from the $(4.4M) USD loss recorded in the prior year.
Currency Exchange Headwinds Weaker dollar caused negative $53.8M USD foreign exchange impact on operating loss compared to the prior year results.

見通し

2026 CapEx Moderation Expect 2026 capital expenditures to be approximately $60.0M to $80.0M USD, principally maintenance focused projects.
Pulp Price Recovery Expected Pulp prices forecast modest increase in H1 2026 due to stable demand and global supply constraints noted by management.
Mass Timber Growth Continued focus on growing mass timber order book, with production expected to ramp up significantly during 2026.
Carbon Capture Pilot Commissioned Peace River carbon capture demonstration unit in Q4 2025 to evaluate technology and carbon credit sales.

同業比較

売上高 (TTM)

Mercer International Inc.MERC
$1.87B
-8.6%
Lavoro LimitedLVRO
$1.75B
-3.7%
American Vanguard CorporationAVD
$530.07M
-4.3%

粗利益率 (最新四半期)

Bioceres Crop Solutions Corp.BIOX
40.9%
+0.8pp
Ascent Industries Co.ACNT
29.3%
+14.2pp
American Vanguard CorporationAVD
28.7%
+14.1pp

主要指標

銘柄コード
時価総額
PER (TTM)
ROE (TTM)
負債比率
SMID$174.89M14.925.0%5.5%
ACNT$165.56M188.31.0%17.9%
FF$163.82M-4.7-18.7%0.0%

長期トレンド

直近4四半期
売上高
純利益
営業キャッシュフロー
4四半期売上高CAGR
-3.9%
横ばい
4四半期純利益CAGR
N/M
収益構造の変化
キャッシュフロー安定性
25%
キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年2月19日
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EPS:-
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売上高:-
財務レポート
財務データ
ニュース
全年度
  • Form 10-K - FY 2025

    会計期末: 2025年12月31日|提出日: 2026年2月12日|
    売上高: $1.87B-8.6%
    |
    EPS: $-7.44-485.8%
    予想を下回る
  • Form 10-Q - Q3 2025

    会計期末: 2025年9月30日|提出日: 2025年11月6日|
    売上高: $458.07M-8.8%
    |
    EPS: $-1.21+364.2%
    予想を下回る
  • Form 10-Q - Q2 2025

    会計期末: 2025年6月30日|提出日: 2025年7月31日|
    売上高: $453.52M-9.2%
    |
    EPS: $-1.29+27.7%
    予想を下回る
  • Form 10-Q - Q1 2025

    会計期末: 2025年3月31日|提出日: 2025年5月1日|
    売上高: $506.97M-8.4%
    |
    EPS: $-0.33+32.0%
    予想を下回る
  • Form 10-K - FY 2024

    会計期末: 2024年12月31日|提出日: 2025年2月20日|
    売上高: $2.04B+2.5%
    |
    EPS: $-1.27+65.2%
    予想を下回る
  • Form 10-Q - Q3 2024

    会計期末: 2024年9月30日|提出日: 2024年10月31日|
    売上高: $502.14M+6.7%
    |
    EPS: $-0.26-33.3%
    予想を上回る
  • Form 10-Q - Q2 2024

    会計期末: 2024年6月30日|提出日: 2024年8月8日|
    売上高: $499.38M-5.8%
    |
    EPS: $-1.01-31.8%
    予想を下回る
  • Form 10-Q - Q1 2024

    会計期末: 2024年3月31日|提出日: 2024年5月9日|
    売上高: $553.43M+5.9%
    |
    EPS: $-0.25-45.7%
    予想を下回る