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MARKETS CLOSED · LAST TRADE Thu 03:14 UTC
Companies/Energy/MERUS
MERUS$4.2559

Merus Power Oyj

Renewable Energy Equipment & ServicesVerified
Score breakdown
Valuation+19Sentiment+12Risk penalty-3Missing signals-1
Quality breakdown
Key fields100Profile38Conclusion97AI synthesis40Observations23

Merus Power Oyj has a market price of 4.25 EUR and a market cap of 34.92 million EUR, with a price-to-book ratio of 3.36 and a price-to-tangible-book ratio of 3.36. The company's enterprise value to EBITDA is 134.69, and its enterprise value to revenue is 0.78 [doc:HA-latest]. The company's liquidity is assessed as medium, with a current ratio of 1.76 and negative net cash after subtracting total debt [doc:HA-latest]. The company's profitability is weak, with a return on equity of -10.72% and a return on assets of -3.87%. Operating income is 318,000 EUR, while net income is -1.12 million EUR. Gross profit is 25.64 million EUR, but this is offset by high operating and net losses [doc:HA-latest]. The debt-to-equity ratio is 0.76, indicating moderate leverage [doc:HA-latest]. Merus Power Oyj operates in a global market, with business in 60 countries. The company's revenue is not segmented by geography or product in the provided data, but it serves renewable energy and industrial customers [doc:HA-latest]. The company's solutions are used in water and waste treatment plants, power stations, and renewable energy plants [doc:HA-latest]. The company's revenue for the latest period is 54.65 million EUR. Analysts have a mean price target of 4.85 EUR, with a median of 4.85 EUR and a range from 4.70 EUR to 5.00 EUR. The mean recommendation is 2.00, indicating a "buy" rating [doc:HA-latest]. The company's growth trajectory is not explicitly detailed in the provided data, but the industry's focus on renewable energy suggests potential for expansion [doc:verified market data]. The company's risk assessment indicates medium liquidity risk and low dilution risk. The key flag is negative net cash after subtracting total debt, which could impact short-term liquidity [doc:HA-latest]. The company has not issued additional shares recently, and there is no indication of dilution pressure in the near term [doc:HA-latest]. Recent events include the company's focus on renewable energy and power quality solutions, with operations in 60 countries. The company has worked with several industrial, electricity, infrastructure, and renewable energy customers [doc:HA-latest]. No recent filings or transcripts are provided in the data, so the narrative is based on the latest financial snapshot and classification [doc:HA-latest].

30-day price · MERUS+0.10 (+2.4%)
Low$4.08High$4.50Close$4.25As of4 May, 00:00 UTC
Profile
CompanyMerus Power Oyj
TickerMERUS.HE
SectorEnergy
BusinessRenewable Energy
Industry groupRenewable Energy
IndustryRenewable Energy Equipment & Services
AI analysis

Business. Merus Power Oyj designs, manufactures, and sells electrical energy storage and power quality systems, targeting renewable energy and industrial customers globally [doc:HA-latest].

Classification. Merus Power Oyj is classified in the Renewable Energy Equipment & Services industry under the Energy economic sector, with a confidence level of 0.92 [doc:verified market data].

Merus Power Oyj has a market price of 4.25 EUR and a market cap of 34.92 million EUR, with a price-to-book ratio of 3.36 and a price-to-tangible-book ratio of 3.36. The company's enterprise value to EBITDA is 134.69, and its enterprise value to revenue is 0.78 [doc:HA-latest]. The company's liquidity is assessed as medium, with a current ratio of 1.76 and negative net cash after subtracting total debt [doc:HA-latest]. The company's profitability is weak, with a return on equity of -10.72% and a return on assets of -3.87%. Operating income is 318,000 EUR, while net income is -1.12 million EUR. Gross profit is 25.64 million EUR, but this is offset by high operating and net losses [doc:HA-latest]. The debt-to-equity ratio is 0.76, indicating moderate leverage [doc:HA-latest]. Merus Power Oyj operates in a global market, with business in 60 countries. The company's revenue is not segmented by geography or product in the provided data, but it serves renewable energy and industrial customers [doc:HA-latest]. The company's solutions are used in water and waste treatment plants, power stations, and renewable energy plants [doc:HA-latest]. The company's revenue for the latest period is 54.65 million EUR. Analysts have a mean price target of 4.85 EUR, with a median of 4.85 EUR and a range from 4.70 EUR to 5.00 EUR. The mean recommendation is 2.00, indicating a "buy" rating [doc:HA-latest]. The company's growth trajectory is not explicitly detailed in the provided data, but the industry's focus on renewable energy suggests potential for expansion [doc:verified market data]. The company's risk assessment indicates medium liquidity risk and low dilution risk. The key flag is negative net cash after subtracting total debt, which could impact short-term liquidity [doc:HA-latest]. The company has not issued additional shares recently, and there is no indication of dilution pressure in the near term [doc:HA-latest]. Recent events include the company's focus on renewable energy and power quality solutions, with operations in 60 countries. The company has worked with several industrial, electricity, infrastructure, and renewable energy customers [doc:HA-latest]. No recent filings or transcripts are provided in the data, so the narrative is based on the latest financial snapshot and classification [doc:HA-latest].
Key takeaways
  • Merus Power Oyj has a high price-to-book ratio of 3.36, indicating potential overvaluation relative to its book value.
  • The company's profitability is weak, with a negative return on equity of -10.72% and a negative return on assets of -3.87%.
  • The company's liquidity is assessed as medium, with a current ratio of 1.76 and negative net cash after subtracting total debt.
  • Analysts have a mean price target of 4.85 EUR, with a median of 4.85 EUR and a range from 4.70 EUR to 5.00 EUR.
  • The company operates in a global market, with business in 60 countries, and serves renewable energy and industrial customers.
  • --
  • ## RATIONALES
  • ```json
Financial snapshot
PeriodHA-latest
CurrencyEUR
Revenue$54.6M
Gross profit$25.6M
Operating income$318.0k
Net income-$1.1M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow-$3.0M
CapEx-$3.0M
Free cash flow-$2.6M
Total assets$28.8M
Total liabilities$18.4M
Total equity$10.4M
Cash & equivalents—
Long-term debt$7.9M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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Quarterly history (last 4)
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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Valuation
Market price$4.25
Market cap$34.9M
Enterprise value$42.8M
P/E—
Reported non-GAAP P/E—
EV/Revenue0.8
EV/Op income134.7
EV/OCF—
P/B3.4
P/Tangible book3.4
Tangible book$10.4M
Net cash-$7.9M
Current ratio1.8
Debt/Equity0.8
ROA-3.9%
ROE-10.7%
Cash conversion2.7%
CapEx/Revenue-5.5%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Renewable Energy · cohort 99 companies
MetricMERUSActivity
Op margin0.6%1.8% medp25 -56.6% · p75 10.9%below median
Net margin-2.0%-2.0% medp25 -60.9% · p75 6.5%above median
Gross margin46.9%19.3% medp25 7.6% · p75 33.8%top quartile
CapEx / revenue-5.5%-6.2% medp25 -23.3% · p75 -1.3%above median
Debt / equity76.0%25.9% medp25 4.4% · p75 73.8%top quartile
Observations
IR observations
Mean price target4.85 EUR
Median price target4.85 EUR
High price target5.00 EUR
Low price target4.70 EUR
Mean recommendation2.00 (1=strong buy, 5=strong sell)
Strong-buy count0.00
Buy count2.00
Hold count0.00
Sell count0.00
Strong-sell count0.00
Mean EPS estimate0.06 EUR
Last actual EPS-0.14 EUR
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 03:47 UTC#ae6c5683
Market quoteclose EUR 4.25 · shares 0.01B diluted
no public URL
2026-05-05 03:47 UTC#db7ed2b8
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 03:49 UTCJob: 29de2737