Valuation Merlin Properties SOCIMI, S.A.

Stocks

Market Closed - BME Other stock markets 11:35:04 2026-07-10 EDT			5-day change	1st Jan Change
15.05 ^EUR	+1.01%		-2.46%	+21.08%

06-05	Morningstar Begins Merlin Properties Coverage at Buy	MT
06-02	Merlin Properties strikes cautious tone over rising data center revenue share	RE

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	9,317	-	-
Change	-	-8.04%	14.67%	21.28%	22.43%	33.18%	-	-
Enterprise Value (EV) ¹	9,863	7,926	8,762	9,061	10,739	13,543	14,293	14,971
Change	-	-19.64%	10.54%	3.42%	18.51%	26.11%	5.54%	4.74%
P/E	8.86x	18.7x	-55.9x	20.3x	8.88x	7.95x	6.91x	6.33x
PBR	0.64x	0.6x	0.72x	0.76x	0.87x	0.95x	0.88x	0.77x
PEG	-	-0.3x	0x	-0x	0x	0.2x	0.5x	0.69x
Capitalization / Revenue	8.84x	9.07x	9.91x	11.4x	12.9x	15.5x	13.5x	11x
EV / Revenue	19.5x	17.5x	18.4x	18.1x	19.8x	22.5x	20.7x	17.7x
EV / EBITDA	27.2x	23.7x	24.2x	24.5x	26.9x	30.4x	28.3x	24.4x
EV / EBIT	18.1x	22.7x	25.4x	24.1x	26.6x	30.5x	28.4x	24.3x
EV / FCF	28.9x	-	-108x	376x	-41.6x	30.7x	28.7x	24.4x
FCF Yield	3.45%	-	-0.93%	0.27%	-2.4%	3.26%	3.48%	4.1%
Dividend per Share ²	0.1727	1.2	0.44	0.42	0.42	0.4218	0.4484	0.5179
Rate of return	1.8%	13.7%	4.37%	4.13%	3.38%	2.8%	2.98%	3.44%
EPS ²	1.08	0.47	-0.18	0.5	1.4	1.893	2.179	2.378
Distribution rate	16%	255%	-244%	84%	30%	22.3%	20.6%	21.8%
Net sales ¹	505.3	452.8	475.6	500.4	541.9	602.7	691	846
EBITDA ¹	363.1	334.7	361.4	370.3	399.4	445.2	505.8	613.3
EBIT ¹	543.5	348.9	344.9	376.6	403.7	444.7	502.6	617.2
Net income ¹	512.2	263.1	-83.5	283.8	786.1	889.9	1,048	1,226
Net Debt ¹	5,395	3,818	4,050	3,347	3,743	4,226	4,976	5,653
Reference price ²	9.57	8.78	10.06	10.16	12.43	15.05	15.05	15.05
Nbr of stocks (in thousands)	466,885	468,225	468,346	562,415	562,814	619,089	-	-
Announcement Date	2/24/22	2/27/23	2/28/24	2/27/25	2/25/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MERLIN PROPERTIES SOCIMI, S.A.	7.95x	22.47x	30.42x	2.8%	10.65B
REALTY INCOME CORPORATION	40.45x	15.69x	16.27x	5.17%	59.04B
UNIBAIL-RODAMCO-WESTFIELD SE	9.2x	12.59x	15.43x	5.36%	16.9B
SEGRO PLC	13.53x	22.51x	26.48x	3.81%	15.64B
CAPITALAND INTEGRATED COMMERCIAL TRUST	20.16x	17.01x	24.95x	4.91%	15.04B
KLÉPIERRE	10.16x	13.36x	16.08x	5.43%	11.83B
FEDERAL REALTY INVESTMENT TRUST	31.39x	11.29x	17.82x	3.76%	10.45B
CAPITALAND ASCENDAS REIT	16.13x	12.37x	19.33x	6.06%	9.75B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	22.96x	7.11x	11.65x	6.02%	8.34B
VORNADO REALTY TRUST	-1917.5x	8.17x	19.48x	1.96%	7.21B
Average	-174.56x	14.26x	19.79x	4.53%	16.49B
Weighted average by Cap.	-60.00x	15.17x	19.03x	4.77%