Mercer International (MERC)
Makes pulp, lumber, and engineered wood products.
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Kraft Pulp and Solid Wood are the two reportable segments, spanning kraft pulp, lumber, engineered mass timber, pallets, biofuels, and electricity. Operations span Germany, Canada, and the United States, while fibre costs and pulp and lumber market prices shape operating conditions.
Kraft Pulp and Solid Wood are the two reportable segments. The Kraft Pulp segment makes kraft pulp, while Solid Wood produces lumber, cross-laminated timber, glulam, pallets, biofuels, and electricity. The pulp business is a multi-mill platform built through construction and acquisitions.
Operations span Germany, Canada, and the United States, with most employees in Germany. The business broadened from pulp into solid wood through mill and facility acquisitions. The workforce is split between the two segments. Fibre costs and pulp and lumber market prices shape operating conditions, and most employees are covered by collective agreements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 21, 2026 | CIBC | Reiterate | Rating: —Target: $1.50 | Target: $1 |
| May 11, 2026 | CIBC | Target | Target: $5 | Target: $1.50 |
| Apr 16, 2026 | RBC Capital | Reiterate | Rating: —Target: $8 | Target: $1.25 |
| Jan 21, 2026 | TD Securities | Target | Target: — | Target: $2.25 |
| Jan 21, 2026 | TD Cowen | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $78.8M · Total debt $1.64B · Total assets $1.87B · Shareholders' equity −$98.0M
- Revenue
- $460.3M
- Operating income
- −$59.0M
- Net income
- −$76.0M
HistoryDividendAnnual yield
| Institutions | 64.14% | 42.98M shares | |
|---|---|---|---|
| 71 holders · as of Jun 30, 2026 | |||
| Insiders | 40.96% | 27.45M shares | |
| 11 holders · as of Jul 31, 2026 | |||
| Adds to | 105.10% | ||
67.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.10%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Peter R. Kellogg1,2Insider10 percent owner | 40.21% | 26.95M | filed Jul 31, 2026 |
Iat Reinsurance Co Ltd.Institution | 27.19% | 18.22M | as of Jun 30, 2026 |
Redwood Capital Management, LLCInstitution | 6.94% | 4.65M | as of Jun 30, 2026 |
Barclays PLCInstitution | 5.90% | 3.95M | as of Jun 30, 2026 |
Toronto Dominion BankInstitution | 4.92% | 3.30M | as of Jun 30, 2026 |
- Peter R. Kellogg's transaction reports restate only vehicles that traded; the 2026 ownership statement (26.95M) is used instead.
- Peter R. Kellogg reports a block also reported by Dimensional Fund Advisors LP; it is counted once, under Dimensional Fund Advisors LP.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Peter R. Kellogg | 10 percent owner | +64,885 | $0.9006 |
| Jun 2, 2026 | Peter R. Kellogg | 10 percent owner | +1,047 | $0.9155 |
| Jun 4, 2026 | Peter R. Kellogg | 10 percent owner | +36,000 | $0.8894 |
| Jun 5, 2026 | Peter R. Kellogg | 10 percent owner | +36,000 | $0.8498 |
| Jun 8, 2026 | Peter R. Kellogg | 10 percent owner | +34,733 | $0.7984 |
- West Fraser Timber
Broad overlap in lumber, NBSK pulp and wood residuals
- Suncor Energy
Large global market-pulp producer with NYSE-listed ADRs
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mercer International | $0.3368 | −1.66% | $22.9M | — | — | 0.0 | +1.5% |
| West Fraser Timber | $74.24 | +2.96% | $5.48B | — | 823.4 | 1.1 | −7.9% |
| Suncor Energy | $66.93 | −0.46% | $79.39B | 12.6 | 12.1 | 1.9 | +31.9% |
| Median | 12.6 | 417.8 | 1.5 | +12.0% |