Merck

Valuation Analysis

About the Company

Merck en bref

Merck (MRK) is currently trading at 99,46 € with a market capitalization of 245,6 Md €. The trailing P/E ratio stands at 32.1x, with a forward P/E of 11.92x. The 52-week range spans from 66,90 € to 109,21 €; the current price is 8.9% below the yearly high. Year-over-year revenue growth stands at +4.9%. The net profit margin stands at 13.59%.

💰 Dividende

Merck pays an annual dividend of 2,97 € per share, representing a yield of 2.98%. The payout ratio stands at 93.52%. The elevated payout ratio reflects a mature dividend policy.

📊 Avis des analystes

27 analystes évaluent Merck (MRK) au consensus : Acheter. L'objectif de cours moyen est de 113,22 €, soit un potentiel de +13.84% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 87,27 € à 130,90 €.

Merck : la thèse d'investissement en détail

Merck (MRK) operates in the Healthcare — specifically Drug Manufacturers - General — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

With a gross margin near 76.73%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns.

Le scénario baissier

Revenue growth has slowed to just 4.9%, which is below nominal GDP — the business is no longer outgrowing the broader economy.

Valorisation en contexte

At a PEG of 5.36, investors are paying more than three times the growth rate for each unit of earnings — that pricing assumes growth not only continues but accelerates from here.

À surveiller

• The forward P/E of 11.92x is meaningfully below the trailing 32.1x — analysts expect earnings to step up; the next earnings release is the test.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price shows short-term weakness (below 50d MA) but is still in a longer-term uptrend (above 200d MA).

Profil de risque

The data points to relatively defensive market behavior, higher leverage relative to equity.

Trading Data

💵 Dividend Info

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