Mercell Holding A (MRCEL.OL) Stock Price

Mercell Holding A Price

Delisted

Revenue has compounded at 66.9% per year over the past 4 years to 706.30 M NOK. Mercell Holding A's net margin stands at -16.0%, down from -11.7% several years earlier.

Mercell Holding A stock price

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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Mercell Holding A over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Mercell Holding A stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Mercell Holding A's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Mercell Holding A Stock Price History
DateMercell Holding A Price
Access this data via the Eulerpool API

Mercell Holding A Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
165.86 M NOK
-48.89 M NOK
-58.86 M NOK
Jan 1, 2020
311.91 M NOK
-75.74 M NOK
-146.25 M NOK
Jan 1, 2021
706.30 M NOK
-83.67 M NOK
-113.24 M NOK
Jan 1, 2022 (e)
860.00 M NOK
39.66 M NOK
0.00 NOK
Jan 1, 2023 (e)
986.00 M NOK
124.12 M NOK
0.00 NOK
Jan 1, 2024 (e)
1.17 B NOK
199.82 M NOK
67.32 M NOK
Jan 1, 2025 (e)
1.30 B NOK
459.76 M NOK
163.41 M NOK
Jan 1, 2026 (e)
1.49 B NOK
1.09 B NOK
408.52 M NOK

Mercell Holding A Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 7:48 AM
 
REVENUEB NOK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM NOK
EBITB NOK
EBIT MARGIN%
NET INCOMEM NOK
NET INCOME GROWTH%
SHARESM
201720182019202020212022e2023e2024e2025e2026e
0.090.100.170.310.710.860.991.171.301.49
14.2958.6588.48127.0121.8114.6518.2611.4114.70
35.1634.6221.8238.2663.7463.7463.7463.7463.7463.74
32.0036.0036.00119.00450.00548.16628.47743.20827.97949.72
-0.01-0.01-0.05-0.08-0.080.040.120.200.461.09
-10.99-5.77-29.09-24.12-11.764.5312.5817.0735.3373.09
-10.00-7.00-58.00-146.00-113.0067.00163.00408.00
-30.00728.57151.72-22.60143.28150.31
504.16504.16222.67445.54504.16504.16504.16504.16504.16504.16
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Mercell Holding A generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Mercell Holding A retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Mercell Holding A's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Mercell Holding A has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Mercell Holding A's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Mercell Holding A stock margins

The Mercell Holding A margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Mercell Holding A. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Mercell Holding A.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
36.19 %
-11.92 %
-11.67 %
Jan 1, 2018
35.07 %
-5.74 %
-7.16 %
Jan 1, 2019
22.02 %
-29.47 %
-35.49 %
Jan 1, 2020
38.26 %
-24.28 %
-46.89 %
Jan 1, 2021
63.83 %
-11.85 %
-16.03 %
Jan 1, 2022 (e)
63.83 %
4.61 %
0.00 %
Jan 1, 2023 (e)
63.83 %
12.59 %
0.00 %
Jan 1, 2024 (e)
63.83 %
17.12 %
5.77 %

Mercell Holding A Stock Revenue, EBIT, Earnings per Share

The Mercell Holding A earnings per share therefore indicates how much revenue Mercell Holding A has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
0.00 NOK
0.00 NOK
0.00 NOK
Jan 1, 2018
0.00 NOK
0.00 NOK
0.00 NOK
Jan 1, 2019
0.74 NOK
-0.22 NOK
-0.26 NOK
Jan 1, 2020
0.70 NOK
-0.17 NOK
-0.33 NOK
Jan 1, 2021
1.40 NOK
-0.17 NOK
-0.22 NOK
Jan 1, 2022 (e)
1.71 NOK
0.08 NOK
0.00 NOK
Jan 1, 2023 (e)
1.96 NOK
0.25 NOK
0.00 NOK
Jan 1, 2024 (e)
2.32 NOK
0.40 NOK
0.13 NOK

Mercell Holding A business model & stock analysis

Mercell Holding AS is a leading company for e-procurement solutions and public procurement management in Europe. The company was originally founded in 1999 as Destia, specializing in IT solutions for the public sector. In 2011, the company rebranded as Mercell and focused on e-procurement solutions. Since then, Mercell has grown steadily and become a European market leader in this segment. The company has locations in Norway, Denmark, Sweden, Germany, Austria, UK, France, Poland, the Netherlands, Belgium, Romania, and Spain. Mercell's business model is to streamline the entire procurement process, resulting in cost and time savings. The company offers a variety of tailored solutions to meet its customers' specific needs. Its main product is an e-procurement platform that allows organizations and companies to carry out their procurement processes digitally. This platform centralizes and automates the entire process, from tendering to awarding contracts, enabling customers to expedite and simplify their procurement processes and build relationships with existing and new suppliers. Mercell also provides additional solutions such as supplier management, contract management, tender management, risk management, and compliance management. The company operates in various industries, with a focus on the public sector, healthcare, construction, and banking and finance. Its customers include federal and local authorities, universities, hospitals, banks, and large enterprises. Mercell works closely with its customers, offering training and workshops, and continuously invests in research and development to enhance its solutions and meet changing customer needs. Overall, Mercell Holding AS is a strong and innovative company that enables its customers to make their procurement processes more efficient and cost-effective. With its wide range of solutions and presence throughout Europe, Mercell is well-positioned for future growth and customer acquisition.

Mercell Holding A SWOT Analysis

Strengths

Mercell Holding AS has a strong market presence in the industry, with a wide customer base and established relationships with suppliers.

The company has a robust and scalable technology platform, enabling efficient management of procurement processes for clients.

Mercell Holding AS has a team of experienced professionals, possessing deep industry knowledge and expertise.

Weaknesses

The company heavily relies on key clients for a significant portion of its revenue, which poses a risk if these clients reduce or terminate their contracts.

Mercell Holding AS may face challenges in expanding into new markets due to regulatory barriers and strong competition.

There is a need for continuous investment in research and development to keep up with rapidly changing technologies and customer preferences.

Opportunities

Mercell Holding AS can explore strategic partnerships or acquisitions to expand its product offerings and enter new markets.

The company can leverage emerging technologies, such as artificial intelligence and data analytics, to enhance its procurement solutions and generate new revenue streams.

Increasing demand for sustainable and socially responsible procurement practices presents an opportunity for Mercell Holding AS to differentiate itself in the market.

Threats

The industry is susceptible to economic downturns, which can impact client spending and reduce demand for procurement services.

The entry of new competitors into the market may intensify competition and erode Mercell Holding AS's market share.

Changes in government regulations or policies can affect the procurement landscape and create challenges for the company.

Mercell Holding A Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Mercell Holding A historical P/E ratio, EBIT multiple, and P/S ratio

Mercell Holding A annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Mercell Holding A shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
502.79 M Stocks
Jan 1, 2018
502.79 M Stocks
Jan 1, 2019
222.67 M Stocks
Jan 1, 2020
445.54 M Stocks
Jan 1, 2021
504.16 M Stocks
Jan 1, 2022 (e)
504.16 M Stocks
Jan 1, 2023 (e)
504.16 M Stocks
Jan 1, 2024 (e)
504.16 M Stocks
Price targets and forecasts for Mercell Holding A are not yet available.

Mercell Holding A Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
2/22/2023-0.03NOK-229.39 MNOK-2022 Q4
11/24/2022-0.04NOK-221.27 MNOK-2022 Q3
8/25/2022-0.05NOK-214.16 MNOK-2022 Q2
3/25/2022-0.10NOK-201.98 MNOK-2021 Q4
11/24/2021-0.09NOK-206.04 MNOK-2021 Q3
8/25/2021-0.04NOK-178.64 MNOK-2021 Q2
5/20/20210.01NOK-155.29 MNOK-2021 Q1

Mercell Holding A shareholder structure

% Name
9.38836%
Viking Venture Management AS
Viking Venture Management AS
8.41304%
Swedbank Robur Fonder AB
Swedbank Robur Fonder AB
4.20020%
Morgan Stanley Investment Management Ltd. (NL)
Morgan Stanley Investment Management Ltd. (NL)
4.02550%
DNB Asset Management AS
DNB Asset Management AS
3.49164%
Glenernie Capital Ltd
Glenernie Capital Ltd
1.98890%
MYRLID AS
MYRLID AS

Mercell Holding A Executives and Management Board

11 members · avg. age 58 · 27 % women

TW

Mr. Terje Wibe

Chief Executive Officer

5.41 M NOK

Management

AN

Mr. Arild Nilsen

Chief Technology and Product Officer

3.55 M NOK
GB

Ms. Guro Becker

Head of Human Resource

571,000.00 NOK
EH

Mr. Erik Hokholt

Interim Chief Financial Officer

JM

Mr. Jacob Moller (48)

Head of Mergers and Acquisitions

WR

Mr. Werner Risberg

Interim Chief Commercial Officer

Board of Directors

JW

Mr. Joar Welde

Independent Chairman of the Board

720,000.00 NOK
HN

Mr. Helge Nielsen (70)

Independent Member of the Board

460,000.00 NOK
HH

Hr. Erik Hagen (56)

Independent Member of the Board

300,000.00 NOK
BS

Ms. Berit Lid Scharff

Independent Member of the Board

227,000.00 NOK
AW

Ms. Anne Lise Waal

Independent Member of the Board

227,000.00 NOK

Frequently asked questions about Mercell Holding A

The main competitors of Mercell Holding AS in the market include companies such as Ariba, BravoSolution, and Proactis.

The business model of Mercell Holding AS is based on providing innovative digital solutions for public procurement. Mercell Holding AS offers a comprehensive software platform that streamlines and enhances the procurement process for public entities, suppliers, and buyers in various industries. With a focus on transparency, efficiency, and compliance, Mercell Holding AS enables organizations to manage tenders, contracts, and supplier relationships effectively. Through its user-friendly interfaces and advanced functionalities, Mercell Holding AS facilitates collaboration, increases competition, and supports the overall goal of improving public procurement outcomes.

Mercell Holding AS is primarily active in the e-procurement and tender management industry.

Mercell Holding AS is a leading provider of digital solutions for public procurement processes. Founded in 2013 and headquartered in Oslo, Norway, Mercell has quickly established a strong presence across Europe. The company offers a comprehensive platform that enables efficient and transparent procurement procedures for both public and private sector organizations. Mercell's user-friendly software offers tools for e-tendering, contract management, supplier management, and more. With a customer-centric focus, Mercell has successfully expanded its operations through a combination of organic growth and strategic acquisitions. Today, Mercell is trusted by thousands of organizations, driving innovation and excellence in the procurement industry.

Mercell Holding AS has achieved several significant milestones throughout its existence. Since its inception, the company has experienced exceptional growth, establishing itself as a leading provider of e-tendering and procurement solutions. Mercell has successfully expanded its operations across multiple countries and has consistently delivered innovative software and services to its clients. Notably, the company has been recognized and awarded for its contributions to the digital transformation of public procurement processes. With its commitment to excellence and continuous improvement, Mercell Holding AS continues to revolutionize the procurement industry, driving efficiency and transparency for organizations worldwide.

Mercell Holding AS is primarily present in several countries and regions. The company has a strong presence in Norway, where it is headquartered. It also operates in Sweden, Denmark, Finland, and Germany, catering to a diverse range of clients in these regions. With its innovative procurement solutions and digital platforms, Mercell Holding AS has established a significant market presence across these countries. As a leading stock in the European market, Mercell Holding AS continues to expand its reach and drive success in the public and private procurement sectors.

Mercell Holding AS represents a strong set of values and a clear corporate philosophy. The company believes in promoting transparency, trust, and innovation in the e-procurement and e-tendering sector. With a focus on delivering efficient and user-friendly solutions, Mercell Holding AS aims to create value for both buyers and suppliers. By fostering collaboration and providing advanced technology, the company enables organizations to streamline their procurement processes and achieve better outcomes. With a customer-centric approach, Mercell Holding AS is committed to delivering high-quality services and continuously improving its solutions to meet the evolving needs of the market.

8 analysts currently rate the Mercell Holding A stock: 0 recommend buying, 4 holding and 4 selling.

The Mercell Holding A share (MRCEL.OL) is listed on 6 stock exchanges, including: Frankfurt (1HD.F), London (0A3K.L).

The Mercell Holding AS is a Norwegian company specialized in providing e-procurement solutions for the public sector and businesses. They offer a wide range of products and services tailored to procurement and sales processes, providing innovative and customer-oriented solutions for purchasing needs. Their core business is the development and marketing of digital procurement tools and services, focusing on the needs of public institutions and companies to establish cost-effective procurement processes. They also offer services for information security, data protection compliance, and various services for the public sector, such as providing information on new tenders and managing procurement procedures. In summary, Mercell Holding AS is a leading provider of digital solutions for procurement, offering effective and efficient ways for organizations to optimize their procurement processes.

The revenue cannot currently be calculated for Mercell Holding A.

The profit cannot currently be calculated for Mercell Holding A.

The P/E ratio cannot be calculated for Mercell Holding A at the moment.

The P/S cannot be calculated for Mercell Holding A currently.

The Eulerpool Quality Score for Mercell Holding A is 3/10.

The ISIN of Mercell Holding A is NO0010307143. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Mercell Holding A is MRCEL.OL. The ticker symbol is used to trade Mercell Holding A shares on the stock exchange.

Mercell Holding A is assigned to the 'Information technology' sector.

The dividends of Mercell Holding A are distributed in NOK.

All fundamentals and in-depth analysis of Mercell Holding A

Our stock analysis for Mercell Holding A stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Mercell Holding A. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.