Comparison
Company
Score
Quality
Valuation
Financial
Technical
Why is Mersana Therapeutics, Inc. ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Operating profit has grown by an annual rate -0.32% of over the last 5 years
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -62.93
2
Flat results in Jun 25
- NET SALES(HY) At USD 5.81 MM has Grown at -49.64%
- CASH AND EQV(HY) Lowest at USD 180.06 MM
3
Risky - Negative EBITDA
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -45.19%, its profits have risen by 41.3%
4
Reducing Promoter Confidence
- Promoters have decreased their stake in the company by -8.29% over the previous quarter and currently hold 25.62% of the company
- Promoters decreasing their stake may signify reduced confidence in the future of the business
5
Underperformed the market in the last 1 year
- Even though the market (S&P 500) has generated returns of 12.33% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -45.19% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Pharmaceuticals & Biotechnology)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Mersana Therapeutics, Inc. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Mersana Therapeutics, Inc.
-53.64%
0.53
2147.53%
S&P 500
13.22%
0.61
20.17%
Quality key factors
Factor
Value
Sales Growth (5y)
83.09%
EBIT Growth (5y)
-0.32%
EBIT to Interest (avg)
-62.93
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
2.53
Sales to Capital Employed (avg)
0.03
Tax Ratio
0.57%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-1.56
EV to EBIT
0.39
EV to EBITDA
0.40
EV to Capital Employed
0.28
EV to Sales
-0.89
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
70.43%
ROE (Latest)
Negative BV
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Mildly Bearish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
Mildly Bullish
Technical Movement
9What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD -79.76 MM
NET PROFIT(HY)
Higher at USD -44.48 MM
ROCE(HY)
Highest at 0%
RAW MATERIAL COST(Y)
Fallen by -10.06% (YoY
NET SALES(Q)
At USD 3.06 MM has Grown at 33.28%
-5What is not working for the Company
NET SALES(HY)
At USD 5.81 MM has Grown at -49.64%
CASH AND EQV(HY)
Lowest at USD 180.06 MM
Here's what is working for Mersana Therapeutics, Inc.
Net Profit
Higher at USD -44.48 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Operating Cash Flow
Highest at USD -79.76 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Sales
At USD 3.06 MM has Grown at 33.28%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Raw Material Cost
Fallen by -10.06% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Mersana Therapeutics, Inc.
Cash and Eqv
Lowest at USD 180.06 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents






