Merus N.V.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
-20.61-22.76-31.67-77.56
Price/Sales ratio
51.1625.499.766.05
Earnings per Share (EPS)
$-3.11$-2.82$-2.02$-0.82

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-6.03-5.61-5.33-2.98-9.80-6.18-5.99-18.38-5.29-9.15-14.86-6.18
Price/Sales ratio
135.2899.0792.7317.617.5610.9517.1225.0216.7032.2917.737.56
Price/Book Value ratio
-29.534.607.404.562.582.595.013.882.813.982.962.58
Price/Cash Flow ratio
-7.20-5.65-9.79-5.83-5.87-5.40-6.41-20.60-4.63-9.97-4.88-5.87
Price/Free Cash Flow ratio
-7.12-5.63-9.61-5.72-5.38-5.19-6.31-20.31-4.41-9.70-4.64-5.38
Price/Earnings Growth ratio
-0.11-0.27-0.04-0.130.13-0.07-0.210.45-0.07-3.34-0.06-0.07
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
-1869.37%100%48.98%100%99.37%-59.44%-91.47%-75.67%71.18%100%N/AN/A
Operating Profit Margin
-2241.95%-1752.01%-1017.72%-351.60%-123.52%-188.40%-253.40%-183.22%-384.83%-356.21%-257.82%-188.40%
Pretax Profit Margin
-2240.54%-1763.04%-1736.96%-587.18%-76.03%-176.52%-283.90%-135.57%-313.17%-345.29%-117.91%-117.91%
Net Profit Margin
-2240.54%-1763.04%-1736.96%-589.18%-77.17%-177.14%-285.58%-136.06%-315.47%-352.55%-119.30%-119.30%
Effective Tax Rate
-0.28%-0.21%0.30%-0.34%-1.48%-0.35%-0.59%-0.35%-0.73%-2.10%-1.17%-1.48%
Return on Assets
-491.77%-65.31%-65.31%-37.13%-11.10%-20.94%-36.98%-14.63%-34.84%-34.01%-13.07%-13.07%
Return On Equity
489.15%-81.91%-138.77%-152.62%-26.41%-42.00%-83.62%-21.13%-53.10%-43.48%-16.82%-26.41%
Return on Capital Employed
759.37%-78.96%-42.86%-24.49%-20.49%-25.88%-41.13%-23.38%-53.77%-40.51%-35.74%-25.88%
Liquidity Ratios
Current Ratio
N/AN/A9.1710.046.756.724.66N/AN/AN/A3.886.72
Quick Ratio
0.465.467.6410.046.846.724.505.833.765.333.726.72
Cash ratio
0.315.207.347.994.965.373.483.351.872.961.875.37
Days of Sales Outstanding
261.65N/A26.1692.6229.6734.1221.3249.5941.2333.0635.8329.67
Days of Inventory outstanding
0.00N/A3.11KN/A-5.18K0.0047.3020.75283.66N/AN/A-5.18K
Operating Cycle
261.65N/A3.14KN/A-5.15K34.1268.6270.35324.89N/AN/A-5.15K
Days of Payables Outstanding
47.25N/A575.00N/A5.27K22.2719.9056.00299.56N/AN/A22.27
Cash Conversion Cycle
214.39N/A2.56KN/A-10.42K11.8548.7214.3425.33N/AN/A-10.42K
Debt Ratios
Debt Ratio
0.230.010.00N/AN/AN/AN/AN/AN/AN/A0.34N/A
Debt Equity Ratio
-0.230.020.01N/AN/AN/AN/AN/AN/AN/A0.52N/A
Long-term Debt to Capitalization
-0.220.010.00N/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
-0.290.020.01N/AN/AN/AN/AN/AN/AN/AN/AN/A
Interest Coverage Ratio
N/AN/A-1.40-4.00-9.71KN/AN/AN/AN/AN/A-82.58-9.71K
Cash Flow to Debt Ratio
-17.81-35.26-52.94N/AN/AN/AN/AN/AN/AN/AN/AN/A
Company Equity Multiplier
-0.991.252.124.102.372.002.261.441.521.271.522.00
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-18.77-17.51-9.46-3.01-1.28-2.02-2.66-1.21-3.60-3.23-3.63-2.02
Free Cash Flow / Operating Cash Flow Ratio
1.011.001.011.011.091.041.011.011.051.021.051.05
Cash Flow Coverage Ratio
-17.81-35.26-52.94N/AN/AN/AN/AN/AN/AN/AN/AN/A
Short Term Coverage Ratio
-87.34-137.91-154.08N/AN/AN/AN/AN/AN/AN/A-89.01N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A