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XMAD
MRL
Market cap5.31bUSD
Apr 09, Last price  
8.61EUR
1D
-4.76%
1Q
-17.69%
Jan 2017
-16.65%
IPO
-3.04%
Name

MERLIN Properties SOCIMI SA

Chart & Performance

D1W1MN
P/E
17.07
P/S
9.79
EPS
0.50
Div Yield, %
2.79%
Shrs. gr., 5y
1.72%
Rev. gr., 5y
-0.80%
Revenues
495m
+6.41%
93,399,00056,616,000214,429,000351,646,000463,294,000590,431,000514,853,000446,132,000468,203,000439,038,000464,779,000494,572,000
Net income
284m
P
-25,736,00049,670,00049,078,000582,645,0001,100,418,000854,878,000563,639,00056,358,000512,217,00041,356,000-83,497,000283,759,000
CFO
317m
+38.96%
27,928,00067,299,000-81,466,000695,830,000254,437,000294,862,000134,660,000230,466,000222,155,000227,965,000316,784,000
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
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
494,572
6.41%
464,779
5.86%
439,038
-6.23%
Cost of revenue
13,614
55,830
61,711
Unusual Expense (Income)
NOPBT
480,958
408,949
377,327
NOPBT Margin
97.25%
87.99%
85.94%
Operating Taxes
12,195
8,505
6,800
Tax Rate
2.54%
2.08%
1.80%
NOPAT
468,763
400,444
370,527
Net income
283,759
-439.84%
(83,497)
-301.90%
41,356
-91.93%
Dividends
(105,171)
(207,023)
(455,429)
Dividend yield
2.03%
4.39%
11.09%
Proceeds from repurchase of equity
899,545
418
(142)
BB yield
-17.37%
-0.01%
0.00%
Debt
Debt current
625,766
25,494
777,831
Long-term debt
4,296,690
4,498,043
3,471,450
Deferred revenue
17,661
Other long-term liabilities
213,710
200,468
149,157
Net debt
2,774,336
3,519,865
3,315,061
Cash flow
Cash from operating activities
316,784
227,965
222,155
CAPEX
(18,768)
(2,007)
(1,715)
Cash from investing activities
(294,378)
(274,747)
1,184,254
Cash from financing activities
1,069,047
78,556
(1,700,436)
FCF
453,773
399,625
373,364
Balance
Cash
1,561,879
461,223
427,453
Long term investments
586,241
542,449
506,767
Excess cash
2,123,391
980,433
912,268
Stockholders' equity
847,484
2,929,572
7,372,261
Invested Capital
11,789,662
10,282,610
10,347,821
ROIC
4.25%
3.88%
3.30%
ROCE
3.63%
3.44%
3.18%
EV
Common stock shares outstanding
509,857
468,324
467,890
Price
10.16
0.99%
10.06
14.58%
8.78
-8.25%
Market cap
5,180,147
9.95%
4,711,339
14.68%
4,108,076
-7.96%
EV
7,954,483
8,231,204
11,207,300
EBITDA
485,308
411,024
379,212
EV/EBITDA
16.39
20.03
29.55
Interest
130,214
109,516
103,382
Interest/NOPBT
27.07%
26.78%
27.40%