Valuation Merlin Properties SOCIMI, S.A. Euronext Lisbonne

Stocks

Real-time Euronext Lisbonne Other stock markets 07:37:01 2026-07-31 EDT			5-day change	1st Jan Change
15.24 ^EUR	+5.69%		-0.65%	+22.90%

07-28	MERLIN Properties SOCIMI, S.A., H1 2026 Earnings Call, Jul 28, 2026
07-28	Spanish stocks - Factors to watch on July 28	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	9,201	-	-
Change	-	-8.04%	14.67%	21.28%	22.43%	31.52%	-	-
Enterprise Value (EV) ¹	9,863	7,926	8,762	9,061	10,739	13,300	14,211	14,923
Change	-	-19.64%	10.54%	3.42%	18.51%	23.85%	6.85%	5.01%
P/E	8.86x	18.7x	-55.9x	20.3x	8.88x	9.87x	6.75x	6.2x
PBR	0.64x	0.6x	0.72x	0.76x	0.87x	0.94x	0.86x	0.76x
PEG	-	-0.3x	0x	-0x	0x	1.3x	0.1x	0.7x
Capitalization / Revenue	8.84x	9.07x	9.91x	11.4x	12.9x	15.2x	13.3x	10.8x
EV / Revenue	19.5x	17.5x	18.4x	18.1x	19.8x	22x	20.5x	17.6x
EV / EBITDA	27.2x	23.7x	24.2x	24.5x	26.9x	29.7x	28x	24.3x
EV / EBIT	18.1x	22.7x	25.4x	24.1x	26.6x	29.9x	28.3x	24.2x
EV / FCF	28.9x	-	-108x	376x	-41.6x	30.2x	28.5x	24.3x
FCF Yield	3.45%	-	-0.93%	0.27%	-2.4%	3.32%	3.5%	4.11%
Dividend per Share ²	0.1727	1.2	0.44	0.42	0.42	0.4221	0.4484	0.5179
Rate of return	1.8%	13.7%	4.37%	4.13%	3.38%	2.84%	3.02%	3.49%
EPS ²	1.08	0.47	-0.18	0.5	1.4	1.506	2.202	2.396
Distribution rate	16%	255%	-244%	84%	30%	28%	20.4%	21.6%
Net sales ¹	505.3	452.8	475.6	500.4	541.9	605.8	693.3	849.6
EBITDA ¹	363.1	334.7	361.4	370.3	399.4	447.6	506.9	614.7
EBIT ¹	543.5	348.9	344.9	376.6	403.7	444.7	502.7	616.3
Net income ¹	512.2	263.1	-83.5	283.8	786.1	777.8	1,058	1,235
Net Debt ¹	5,395	3,818	4,050	3,347	3,743	4,099	5,010	5,722
Reference price ²	9.57	8.78	10.06	10.16	12.43	14.86	14.86	14.86
Nbr of stocks (in thousands)	466,885	468,225	468,346	562,415	562,814	619,183	-	-
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.($)
REALTY INCOME CORPORATION	41.27x	15.87x	16.45x	5.08%	60.08B
SEGRO PLC	17.05x	23.8x	28.03x	3.38%	17.58B
UNIBAIL-RODAMCO-WESTFIELD SE	9.56x	13.34x	16.2x	5.25%	17.35B
CAPITALAND INTEGRATED COMMERCIAL TRUST	20.57x	17.25x	25.68x	4.82%	15.44B
KLÉPIERRE	11.2x	14.13x	16.9x	4.98%	13.04B
FEDERAL REALTY INVESTMENT TRUST	30.72x	11.49x	18.13x	3.66%	10.72B
CAPITALAND ASCENDAS REIT	16.42x	12.58x	19.69x	5.89%	10.05B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	25.45x	7.43x	12.17x	5.49%	9.15B
VORNADO REALTY TRUST	-160.6x	8.22x	19.84x	1.87%	7.55B
Average	1.29x	13.79x	19.23x	4.49%	17.88B
Weighted average by Cap.	18.16x	15.12x	18.84x	4.71%