
Merus N.V. Financial Ratios 2024-2011 | MRUS
Brief overview of Merus N.V.'s multiples and efficiency
The review covers five available annual periods spanning 2020 to 2024.
Key multiples at the end of the period are P/S 82.45x (median 57.06x), P/B 4.6x (median 4.6x). The current ratio basket stands about 22.3% above the five-year base, increasing sensitivity to weak reports.
Returns on assets and capital are represented by ROE -33.2%, ROA -27.5%, ROCE -42%. Current return ratios are negative, materially weakening the fundamental profile.
The cash conversion cycle increased 12.6 days to 18.6 days, weakening working-capital efficiency.
Conclusion
Merus N.V.'s market premium is not yet supported by strong capital returns, raising valuation risk.
Annual Financial Ratios Merus N.V.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-13.8 | -16.2 | -6.5 | -14.2 | -9415.3 | -7.4 | -9.9 | -4.1 | -6.6 | - | - | - | - | - |
P/S |
82.5 | 57.1 | 20.4 | 19.4 | 26888.8 | 13.1 | 7.7 | 24.3 | 233.7 | - | - | - | - | - |
EPS |
-3.4 | -3 | -2.9 | -1.7 | -2.9 | -2.3 | -1.3 | - | - | - | - | - | - | - |
EV (Enterprise Value) |
2.82 B | 2.4 B | 831 M | 850 M | 805 B | 344 M | 254 M | 541 M | 368 M | 7.86 M | 8.63 M | 6.58 M | 3.32 M | - |
EBITDA per Share |
-4.2 | -2.99 | -3.54 | -2.3 | - | -2.38 | -1.96 | -2.71 | -2.18 | - | - | - | - | - |
EV/EBITDA |
-10.5 | -15.6 | -5.2 | -10449.8 | -8.6 | -3.7 | -2.5 | -3.5 | -9.3 | - | - | - | - | - |
PEG |
- | - | - | 923.37 | -0.34 | -0.09 | 0.14 | -0.19 | -0.05 | - | - | - | - | - |
P/B |
4.6 | 7.0 | 3.4 | 3.0 | 7873.1 | 3.1 | 2.6 | 6.3 | 9.1 | - | - | - | - | - |
P/CF |
-16.0 | -17.6 | -5.7 | -15.9 | -10076.6 | -6.2 | -5.4 | -7.9 | -11.9 | - | - | - | - | - |
ROE % |
-33.23 | -43.48 | -53.10 | -21.13 | -83.62 | -42.00 | -26.42 | -152.63 | -138.78 | - | - | - | - | - |
ROA % |
-27.51 | -34.02 | -34.84 | -14.63 | -36.98 | -20.94 | -11.11 | -37.14 | -65.31 | - | - | - | - | - |
ROCE % |
-41.99 | -43.93 | -64.78 | -28.46 | -74.20 | -25.89 | -20.49 | -24.49 | -42.87 | - | - | - | - | - |
Current Ratio |
5.8 | 4.6 | 2.9 | 3.3 | 1.8 | 6.7 | 6.8 | 10.0 | 9.2 | - | - | - | - | - |
DSO |
18.6 | 26.9 | 25.2 | 6.5 | 6.0 | 34.1 | 49.6 | 92.6 | 351.3 | - | - | - | - | - |
Operating Cycle |
18.6 | 26.9 | 25.2 | 6.5 | 6.0 | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
18.6 | 26.9 | 25.2 | 6.5 | 6.0 | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios Merus N.V.
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-1.26 | -2.23 | -1.4 | - | -1.46 | -0.81 | -0.59 | - | -0.43 | -0.66 | -0.86 | - | -0.53 | -0.13 | -0.43 | - | -0.39 | -0.71 | -0.28 | - | -0.64 | -0.54 | -0.68 | - | -0.55 | -0.52 | -0.38 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
-1.25 | -1.54 | -1.09 | - | - | - | -0.8 | - | - | - | -0.78 | - | -1.03 | - | - | - | -0.56 | -0.58 | -0.59 | - | -0.59 | -0.52 | -0.67 | - | -0.54 | -0.52 | -0.41 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
-61.51 | -55.89 | -46.95 | -30.77 | -36.62 | -34.86 | -46.42 | -36.56 | -44.80 | -40.70 | -34.61 | -16.34 | -23.56 | -27.82 | -30.36 | -24.01 | -46.58 | -56.93 | -60.57 | -56.28 | -63.33 | -50.96 | -38.77 | -22.64 | -7.06 | -10.19 | -5.39 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
-51.73 | -46.78 | -37.55 | -24.35 | -29.03 | -26.01 | -32.14 | -25.22 | -31.16 | -27.77 | -23.48 | -11.74 | -15.91 | -17.20 | -18.47 | -13.94 | -23.92 | -27.52 | -27.44 | -24.89 | -28.41 | -23.51 | -18.42 | -11.29 | -3.52 | -5.08 | -2.69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
-48.54 | -44.71 | -44.99 | -32.29 | -42.04 | -44.93 | -53.21 | -39.81 | -55.94 | -55.71 | -51.65 | -34.76 | -45.70 | -39.98 | -39.66 | -30.56 | -48.27 | -52.67 | -61.40 | -52.19 | -62.38 | -54.29 | -46.34 | -27.20 | -10.19 | -9.62 | -7.40 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
7.0 | 7.1 | 5.4 | 5.8 | 6.0 | 6.1 | 3.4 | 4.6 | 5.0 | 3.4 | 2.8 | 2.9 | 3.6 | 3.8 | 3.5 | 3.2 | 2.4 | 2.4 | 2.5 | 1.8 | 1.8 | 1.8 | 1.8 | 2.0 | 2.0 | 2.0 | 2.0 | 1.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DSO |
135.4 | 160.7 | 26.6 | - | 11.5 | 376.9 | 353.7 | - | 25.9 | 33.1 | 29.8 | - | 45.2 | 23.6 | 17.1 | - | 10.4 | 6.5 | 1.9 | - | 0.5 | 0.7 | 7.2 | - | 10.5 | 13.5 | 6.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
135.4 | 160.7 | 26.6 | - | 11.5 | 376.9 | 353.7 | - | 25.9 | 33.1 | 29.8 | - | 45.2 | 23.6 | 17.1 | - | 10.4 | 6.5 | 1.9 | - | 0.5 | 0.7 | 7.2 | - | 10.5 | 13.5 | 6.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
135.4 | 160.7 | 26.6 | - | 11.5 | 376.9 | 353.7 | - | 25.9 | 33.1 | 29.8 | - | 45.2 | 23.6 | 17.1 | - | 10.4 | 6.5 | 1.9 | - | 0.5 | 0.7 | 7.2 | - | 10.5 | 13.5 | 6.8 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Merus N.V., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.