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XMADMRL
Market cap5.84bUSD
Dec 20, Last price  
9.95EUR
1D
1.95%
1Q
-13.10%
Jan 2017
-3.68%
IPO
12.05%
Name

MERLIN Properties SOCIMI SA

Chart & Performance

D1W1MN
XMAD:MRL chart
P/E
—
P/S
12.04
EPS
—
Div Yield, %
3.70%
Shrs. gr., 5y
-0.06%
Rev. gr., 5y
-4.67%
Revenues
465m
+5.86%
93,399,00056,616,000214,429,000351,646,000463,294,000590,431,000514,853,000446,132,000468,203,000439,038,000464,779,000
Net income
-83m
L
-25,736,00049,670,00049,078,000582,645,0001,100,418,000854,878,000563,639,00056,358,000512,217,00041,356,000-83,497,000
CFO
228m
+2.62%
27,928,00067,299,000-81,466,000695,830,000254,437,000294,862,000134,660,000230,466,000222,155,000227,965,000
Dividend
May 17, 20240.24002 EUR/sh

Profile

MERLIN Properties SOCIMI, SA, one of the main real estate companies listed on the Spanish Stock Exchange (IBEX-35), has as its main activity the acquisition and management of tertiary real estate assets in the Iberian Peninsula. The Company is a public limited company incorporated as a SOCIMI. The main activity of the Company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the investment segment “Core” and “Core Plus”, mainly in Spain and, to a lesser extent, in Portugal. The Company focuses on the office, retail and logistics market.
URL
https://www.merlinproperties.com/
IPO date
Jun 30, 2014
Employees
256
Domiciled in
ES
Incorporated in
ES

Valuation

Title
EUR in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
464,779
5.86%
439,038
-6.23%
468,203
4.95%
Cost of revenue
55,830
61,711
57,243
Unusual Expense (Income)
NOPBT
408,949
377,327
410,960
NOPBT Margin
87.99%
85.94%
87.77%
Operating Taxes
8,505
6,800
6,581
Tax Rate
2.08%
1.80%
1.60%
NOPAT
400,444
370,527
404,379
Net income
(83,497)
-301.90%
41,356
-91.93%
512,217
808.86%
Dividends
(207,023)
(455,429)
(70,033)
Dividend yield
4.39%
11.09%
1.57%
Proceeds from repurchase of equity
418
(142)
494,641
BB yield
-0.01%
0.00%
-11.08%
Debt
Debt current
25,494
777,831
601,719
Long-term debt
4,498,043
3,471,450
5,584,294
Deferred revenue
17,661
197,844
Other long-term liabilities
200,468
149,157
46,134
Net debt
3,519,865
3,315,061
4,836,246
Cash flow
Cash from operating activities
227,965
222,155
230,466
CAPEX
(2,007)
(1,715)
(3,674)
Cash from investing activities
(274,747)
1,184,254
110,230
Cash from financing activities
78,556
(1,700,436)
274,003
FCF
399,625
373,364
427,575
Balance
Cash
461,223
427,453
942,868
Long term investments
542,449
506,767
406,899
Excess cash
980,433
912,268
1,326,357
Stockholders' equity
2,929,572
7,372,261
9,276,418
Invested Capital
10,282,610
10,347,821
12,126,621
ROIC
3.88%
3.30%
3.37%
ROCE
3.44%
3.18%
2.91%
EV
Common stock shares outstanding
468,324
467,890
466,397
Price
10.06
14.58%
8.78
-8.25%
9.57
23.01%
Market cap
4,711,339
14.68%
4,108,076
-7.96%
4,463,415
22.07%
EV
8,231,204
11,207,300
14,652,511
EBITDA
411,024
379,212
412,818
EV/EBITDA
20.03
29.55
35.49
Interest
109,516
103,382
132,949
Interest/NOPBT
26.78%
27.40%
32.35%