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Market Closed -
BME
10:05:05 09/11/2026 pm IST
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After hours 11:59:06 pm | |||
| 11.70 EUR | +0.86% |
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11.74 | +0.30% |
| 03/11 | Deutsche Bank Research Reduces Merlin Properties PT, Keeps at Buy | MT |
| 02/11 | Merlin Properties Bags EUR4 Billion Corporate Financing | MT |
Company Valuation: Merlin Properties SOCIMI, S.A.
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 4,468 | 4,109 | 4,712 | 5,714 | 6,996 | 7,183 | - | - |
| Change | - | -8.04% | 14.67% | 21.28% | 22.43% | 2.67% | - | - |
| Enterprise Value (EV) 1 | 9,863 | 7,926 | 8,762 | 9,061 | 10,739 | 11,334 | 12,078 | 12,886 |
| Change | - | -19.64% | 10.54% | 3.42% | 18.51% | 5.54% | 6.56% | 6.7% |
| P/E | 8.86x | 18.7x | -55.9x | 20.3x | 8.88x | 6.91x | 5.55x | 5.08x |
| PBR | 0.64x | 0.6x | 0.72x | 0.76x | 0.87x | 0.77x | 0.69x | 0.62x |
| PEG | - | -0.3x | 0x | -0x | 0x | 0.3x | 0.2x | 0.54x |
| Capitalization / Revenue | 8.84x | 9.07x | 9.91x | 11.4x | 12.9x | 11.8x | 10.3x | 8.52x |
| EV / Revenue | 19.5x | 17.5x | 18.4x | 18.1x | 19.8x | 18.6x | 17.4x | 15.3x |
| EV / EBITDA | 27.2x | 23.7x | 24.2x | 24.5x | 26.9x | 25.4x | 23.7x | 21.2x |
| EV / EBIT | 18.1x | 22.7x | 25.4x | 24.1x | 26.6x | 25.7x | 24.7x | 21.8x |
| EV / FCF | 28.9x | - | -108x | 376x | -41.6x | -23.8x | 98.2x | 42.8x |
| FCF Yield | 3.45% | - | -0.93% | 0.27% | -2.4% | -4.21% | 1.02% | 2.34% |
| Dividend per Share 2 | 0.1727 | 1.2 | 0.44 | 0.42 | 0.42 | 0.4217 | 0.4491 | 0.5066 |
| Rate of return | 1.8% | 13.7% | 4.37% | 4.13% | 3.38% | 3.64% | 3.87% | 4.37% |
| EPS 2 | 1.08 | 0.47 | -0.18 | 0.5 | 1.4 | 1.679 | 2.088 | 2.285 |
| Distribution rate | 16% | 255% | -244% | 84% | 30% | 25.1% | 21.5% | 22.2% |
| Net sales 1 | 505.3 | 452.8 | 475.6 | 500.4 | 541.9 | 608.4 | 695.3 | 843 |
| EBITDA 1 | 363.1 | 334.7 | 361.4 | 370.3 | 399.4 | 446.3 | 509.4 | 608.4 |
| EBIT 1 | 543.5 | 348.9 | 344.9 | 376.6 | 403.7 | 440.4 | 489.9 | 591.2 |
| Net income 1 | 512.2 | 263.1 | -83.5 | 283.8 | 786.1 | 972.1 | 1,106 | 1,179 |
| Net Debt 1 | 5,395 | 3,818 | 4,050 | 3,347 | 3,743 | 4,151 | 4,895 | 5,704 |
| Reference price 2 | 9.57 | 8.78 | 10.06 | 10.16 | 12.43 | 11.60 | 11.60 | 11.60 |
| Nbr of stocks (in thousands) | 4,66,885 | 4,68,225 | 4,68,346 | 5,62,415 | 5,62,814 | 6,19,183 | - | - |
| Announcement Date | 24/02/22 | 27/02/23 | 28/02/24 | 27/02/25 | 25/02/26 | - | - | - |
1EUR in Million2EUR
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
 | 6.91x | 18.63x | 25.39x | 3.64% | 800.82Cr | |
| 33x | 17.92x | 21.32x | 3.38% | 12TCr | |
| 38.52x | 15.09x | 19.39x | 3.94% | 7.37TCr | |
| 38.1x | 15.09x | 15.52x | 5.52% | 5.61TCr | |
| 19.06x | 16.11x | 18.36x | 1.08% | 3.91TCr | |
| 28.4x | 11.44x | 14.84x | 4.22% | 1.7TCr | |
| 14.02x | 22.73x | 27.46x | 3.58% | 1.65TCr | |
| 9.13x | 12.1x | 14.79x | 5.85% | 1.52TCr | |
| 18.53x | 16.55x | 24.28x | 5.13% | 1.45TCr | |
| 30.23x | 11.38x | 17.58x | 4.08% | 1.37TCr | |
| Average | 23.59x | 15.70x | 19.89x | 4.04% | 3.75TCr | |
| Weighted average by Cap. | 30.16x | 16.16x | 19.54x | 3.82% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
- Stock Market
- Stocks
- MRL Stock
- Valuation Merlin Properties SOCIMI, S.A.
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