MERLIN Properties SOCIMI, S.A. MRL.MC
Real Estate · REIT - Office · Spain · IBEX 35
Based on the available data, MERLIN Properties SOCIMI, S.A. gets an algorithmic score of 49/100. It trades at 12.24 €, with a bearish technical trend (RSI 29.3) and 23.4% annual volatility.
Updated: 2026-09-30
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Strengths
- High net margin (141.7%): pricing power / competitive advantage.
- Attractive free-cash-flow yield (5.3%).
Weaknesses
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Fundamentals
| P/E | 8.33 |
| Forward P/E | 21.72 |
| PEG | 2.48 |
| P/B | 0.82 |
| EV/EBITDA | 25.82 |
| P/S | 12.60 |
| ROE % | 9.92 |
| ROA % | 1.85 |
| Gross margin % | 100.00 |
| Operating margin % | 69.85 |
| Net margin % | 141.68 |
| Revenue growth % (y/y) | 14.60 |
| Earnings growth % (y/y) | 16.60 |
| Revenue CAGR % | 7.07 |
| Earnings CAGR % | 44.03 |
| Debt/Equity % | 55.79 |
| Current ratio | 1.59 |
| FCF yield % | 5.34 |
| Dividend yield % | 1.76 |
| Payout % | 14.63 |
Returns
| 1 month | -8.3 % |
| 3 months | -20.7 % |
| 6 months | -15.6 % |
| YTD | -0.6 % |
| 1 year | -5.2 % |
| 3 years | +67.7 % |
| 5 years | +71.2 % |
| 10 years | +102.5 % |
Risk
| 1-year volatility | 23.4 % |
| Beta | 0.85 |
| 5-year max drawdown | -25.8 % |
| Sharpe 1A | -0.28 |
Macroeconomic context
Highly sensitive to mortgage and funding rates. Falling rates revalue assets; occupancy is tied to employment and the cycle. As a Spanish company, it depends on ECB policy, the Spanish risk premium, the eurozone cycle and, if it operates in Latin America, on emerging-market currencies (BRL, MXN).
How the score is calculated
The score combines profitability (ROE, ROA, net margin), growth (revenue and earnings), valuation (P/E, EV/EBITDA, free cash flow), financial strength (debt and liquidity; not applied to banks and insurers) and momentum (6 and 12-month returns and trend). It is an educational quantitative filter, not a buy or sell recommendation.