Merlin Properties

Valuation Analysis

About the Company

Merlin Properties en bref

Merlin Properties (MRL.MC) is currently trading at 15,27 € with a market capitalization of 8,2 Md €. The trailing P/E ratio stands at 11.15x, with a forward P/E of 26.47x. The 52-week range spans from 10,84 € to 15,57 €; the current price is 1.9% below the yearly high. Year-over-year revenue growth stands at +10.3%. The net profit margin stands at 134.1%.

💰 Dividende

Merlin Properties pays an annual dividend of 0,22 € per share, representing a yield of 1.44%. The payout ratio stands at 30.66%.

📊 Avis des analystes

21 analystes évaluent Merlin Properties (MRL.MC) au consensus : Achat Fort. L'objectif de cours moyen est de 17,38 €, soit un potentiel de +13.79% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 13,90 € à 20,85 €.

Merlin Properties : la thèse d'investissement en détail

Merlin Properties (MRL.MC) operates in the Real Estate — specifically REIT - Office — and is headquartered in Spain. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 10.3% pace year-over-year, suggesting the business model continues to find new customers and pricing power. With a gross margin near 99.74%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.

Valorisation en contexte

The PEG ratio at 1.36 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 30.02x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The share is trading at 93.7% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to relatively defensive market behavior.

Trading Data

💵 Dividend Info

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