VIE/MERL (VIE/MERL)

Vienna Stock Exchange: VIE/MERL · EUR

€11.5

+0.01 (+0.1%)· Recorded snapshot

Market cap	7.1B
Revenue (ttm)	601.5M
Net income (ttm)	852.2M
EPS (ttm)	€1.48
P/E (trailing)	7.8x
P/E (forward)	20.7x
Dividend	€0.38 (3.29%)

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 601.5M
Net income (ttm): 852.2M
EPS (ttm): €1.48
P/E (trailing): 7.8x
P/E (forward): 20.7x
Market cap: 7.1B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E20.7

P25 n/aP50 n/aP75 n/a

Trailing P/E7.8

P25 n/aP50 n/aP75 n/a

ROE9.9

P25 n/aP50 n/aP75 n/a

ROIC2.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All VIE/MERL indicators

Market & fundamental data

Available fields

214

Groups with data

Currency

EUR

Showing 214 of 214 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Spain
Country code	AT
Earnings date	2026-11-12
Employees	296
Employees change	1
Employees growth	0.34%
Enterprise value	EUR 10.8B
Exchange	Vienna Stock Exchange
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2014
Industry	REIT - Office
Is primary listing	No
ISIN number	ES0105025003
Last earnings date	2026-07-28
Last refreshed	2026-10-29
Market cap	EUR 7.1B
Next earnings date	2026-11-12
Price	EUR 11.52
Price currency	EUR
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	vie/MERL
Website	https://www.merlinproperties.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	14.87x
Average P/E ratio (3Y)	21.11x
Average P/E ratio (5Y)	16.87x
Earnings yield	12.8%
EV/Earnings	12.62x
EV/EBIT	25.15x
EV/EBITDA	24.81x
EV/FCF	24.98x
EV/Sales	17.88x
FCF / EV yield	4%
FCF yield	6.03%
Forward P/E	20.73x
Graham number	21.53217
Graham upside	86.91%
Lynch fair value	EUR 34.38
Lynch upside	198.41%
P/B ratio	0.77x
P/E ratio	7.81x
P/FCF ratio	16.58x
P/OCF ratio	16.85x
P/S ratio	11.87x
Price / tangible book value	0.77x
Price/EBITDA ratio	16.46x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	71.11%
EBITDA margin	72.1%
Effective tax rate	6.88%
FCF margin	71.59%
Gross margin	100%
Operating margin	71.11%
Pretax margin	152.15%
Profit margin	141.68%
Profit per employee	EUR 2.9M
Profitable quarters	10
Profitable years	2
Revenue per employee	EUR 2M
ROA	1.85%
ROA (5Y)	1.78%
ROCE	2.95%
ROE	9.92%
ROE (5Y)	3.85%
ROIC	2.78%
ROIC (5Y)	2.94%
Tax / revenue	10.47%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	23.76%
EPS growth (Q)	16.58%
EPS growth (QoQ)	615.4%
EPS growth 10Y	12.68%
EPS growth 5Y	31.37%
EPS growth quarters	1
EPS growth years	2
Net income growth	28.36%
Net income growth (Q)	17.09%
Net income growth (QoQ)	552.06%
Net income growth 5Y	37.13%
Net income growth quarters	1
Net income growth years	2
OCF growth	29.77%
OCF growth 10Y	12.12%
OCF growth 3Y	2.07%
OCF growth 5Y	12.62%
Revenue growth	11.55%
Revenue growth (Q)	14.6%
Revenue growth (QoQ)	8.73%
Revenue growth 10Y	6.93%
Revenue growth 3Y	6.13%
Revenue growth 5Y	7.38%
Revenue growth quarters	3
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR 7M
Depreciation and amortization	EUR 6M
EBIT	EUR 427.7M
EBITDA	EUR 433.6M
EPS	EUR 1.48
Financing cash flow	EUR 1.1B
Free cash flow	EUR 430.6M
Funds from operations (FFO)	EUR 13.4M
Gross profit	EUR 601.5M
Income taxes	EUR 63M
Investing cash flow	EUR -775.3M
Net cash flow	EUR 722.5M
Net income	EUR 852.2M
Operating income	EUR 427.7M
Revenue	EUR 601.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	EUR 15.00
Debt / EBITDA	11.95
Debt / equity	0.56
Debt / FCF	12.03
Interest coverage	3.01
Net cash (debt)	EUR -3.6B
Net cash / market cap	-50.67%
Net debt / EBITDA	8.34
Net debt / equity	0.39
Net debt / FCF	8.4
Piotroski F-Score	3
Property, plant and equipment	EUR 12.9B
Shareholders' equity	EUR 9.3B
Tangible book value	EUR 9.3B
Tangible book value per share	EUR 14.99
Total assets	EUR 15.6B
Total cash	EUR 1.6B
Total debt	EUR 5.2B
Total liabilities	EUR 6.3B

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.04
Current ratio	1.59
Net working capital	EUR -66.6M
Quick ratio	1.51
Working capital	EUR 641.5M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-3.72%
Dividend growth	4.69%
Dividend growth (3Y)	-26.77%
Dividend growth (5Y)	4.79%
Dividend growth years	0
Dividend payment date	2026-05-25
Dividend payment years	11
Dividend payout frequency	Semi-Annual
Dividend per share	EUR 0.38
Dividend yield	3.29%
Ex-dividend date	2026-05-07
Last dividend	EUR 0.22
Payout ratio	14.31%
Shareholder yield	-0.43%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	EUR 14.14
1D price change	0.09%
1M price change	-6.04%
1M total return	-6.04%
1W price change	1.95%
1W total return	1.95%
1Y price change	-16.46%
1Y return CAGR	-14.15%
1Y total return	-14.14%
20-day SMA	EUR 11.81
200-day SMA	EUR 13.98
3M price change	-25.1%
3M total return	-25.1%
3Y price change	50.2%
3Y return CAGR	18.54%
3Y total return	66.57%
50-day SMA	EUR 12.56
50-day SMA vs 200-day SMA	50under200
52-week high	EUR 15.88
52-week high date	2026-06-24
52-week low	EUR 11.14
52-week low date	2026-10-23
5Y price change	22.35%
5Y return CAGR	9.3%
5Y total return	56.01%
6M price change	-23.66%
6M total return	-22.54%
All-time high	EUR 15.88
All-time high date	2026-06-24
All-time low	EUR 5.73
All-time low date	2020-10-29
Average true range (ATR)	EUR 0.26
Average volume	0
Change from 52-week high	-27.46%
Change from 52-week low	3.41%
Change from all-time high	-27.46%
Change from all-time low	101.05%
Change from open	0.96%
Day's gap	-0.87%
High price	EUR 11.52
Low price	EUR 11.41
Monthly RSI	44.94
Open price	EUR 11.41
Position in 52-week range	100%
Previous close	EUR 11.51
Price vs 150-day SMA	-18.55%
Price vs 20-day SMA	-2.46%
Price vs 200-day SMA	-17.57%
Price vs 50-day SMA	-8.3%
Relative volume	1,000
RSI	41.08
Sharpe ratio	-0.62
Sharpe ratio (3Y)	0.64
Sharpe ratio (5Y)	0.34
Sortino ratio	-0.62
Sortino ratio (3Y)	1.18
Sortino ratio (5Y)	0.71
Weekly RSI	29.23
YTD price change	-7.1%
YTD total return	-5.74%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	432.1M
Shares change (QoQ)	-8.85%
Shares change (YoY)	3.72%
Shares held by insiders	7.75%
Shares held by institutions	32.74%

Deeper analysis on VIE/MERL

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this VIE/MERL report

Is a complete VIE/MERL research report available?

No complete published report is available for vie/MERL (VIE/MERL) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

VIE/MERL (VIE/MERL)

Price

Financial snapshot

Fair-value bridge

Latest news · VIE/MERL

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All VIE/MERL indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on VIE/MERL

Frequently asked questions