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LON/0QVM (LON/0QVM)

London Stock Exchange: LON/0QVM · EUR

€11.5

-0.03 (-0.3%)· Recorded snapshot

Market cap	6B
Revenue (ttm)	517.9M
Net income (ttm)	733.8M
EPS (ttm)	€1.24
P/E (trailing)	7.8x
P/E (forward)	20.7x
Dividend	€0.33 (3.44%)
Volume	246,893
Beta	0.93

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	GBP
Country	Spain
Country code	UK
Earnings date	2026-11-12
Employees	296
Employees change	4
Employees growth	1.37%
Enterprise value	EUR 9B
Exchange	London 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	2026-10-28
Market cap	EUR 6B
Next earnings date	2026-11-12
Price	EUR 11.48
Price currency	EUR
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	lon/0QVM
Website	https://www.merlinproperties.com

Metric

Value

Amount currency

GBP

Country

Spain

Country code

Earnings date

2026-11-12

Employees

296

Employees change

Employees growth

1.37%

Enterprise value

EUR 9B

Exchange

London 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

ISIN number

ES0105025003

Last earnings date

2026-07-28

Last refreshed

2026-10-28

Market cap

EUR 6B

Next earnings date

2026-11-12

Price

EUR 11.48

Price currency

EUR

Sector

Real Estate

SIC code

6798

Stock price date

2026-10-28

Symbol

lon/0QVM

Website

https://www.merlinproperties.com

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	12.86%
EV/Earnings	12.27x
EV/EBIT	25.15x
EV/EBITDA	24.81x
EV/FCF	24.29x
EV/Sales	17.88x
FCF / EV yield	4.12%
FCF yield	6.2%
Forward P/E	20.73x
Graham number	22.05639
Graham upside	92.21%
Industry forward P/E	19.16x
Lynch fair value	EUR 35.21
Lynch upside	206.87%
P/B ratio	0.75x
P/E ratio	7.78x
P/FCF ratio	16.12x
P/OCF ratio	16.39x
P/S ratio	11.54x
Price / tangible book value	0.75x
Price/EBITDA ratio	16.01x
Sector forward P/E	15.76x
Sector P/E	21.94x

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

12.86%

EV/Earnings

12.27x

EV/EBIT

25.15x

EV/EBITDA

24.81x

EV/FCF

24.29x

EV/Sales

17.88x

FCF / EV yield

4.12%

FCF yield

6.2%

Forward P/E

20.73x

Graham number

22.05639

Graham upside

92.21%

Industry forward P/E

19.16x

Lynch fair value

EUR 35.21

Lynch upside

206.87%

P/B ratio

0.75x

P/E ratio

7.78x

P/FCF ratio

16.12x

P/OCF ratio

16.39x

P/S ratio

11.54x

Price / tangible book value

0.75x

Price/EBITDA ratio

16.01x

Sector forward P/E

15.76x

Sector P/E

21.94x

Metric	Value
EBIT margin	71.11%
EBITDA margin	72.1%
Effective tax rate	6.88%
FCF margin	73.61%
Gross margin	100%
Operating margin	71.11%
Pretax margin	152.15%
Profit margin	141.68%
Profit per employee	EUR 2.5M
Profitable quarters	10
Profitable years	2
Revenue per employee	EUR 1.7M
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%

Metric

Value

EBIT margin

71.11%

EBITDA margin

72.1%

Effective tax rate

6.88%

FCF margin

73.61%

Gross margin

100%

Operating margin

71.11%

Pretax margin

152.15%

Profit margin

141.68%

Profit per employee

EUR 2.5M

Profitable quarters

Profitable years

Revenue per employee

EUR 1.7M

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%

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

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

EPS growth years

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

Net income growth years

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

Revenue growth years

Metric	Value
Capital expenditures	EUR 6M
Depreciation and amortization	EUR 5M
EBIT	EUR 368.3M
EBITDA	EUR 373.4M
EPS	EUR 1.24
Financing cash flow	EUR 924.9M
Free cash flow	EUR 370.7M
Funds from operations (FFO)	EUR 11.5M
Gross profit	EUR 517.9M
Income taxes	EUR 54.2M
Investing cash flow	EUR -667.6M
Net cash flow	EUR 622.1M
Net income	EUR 733.8M
Operating income	EUR 368.3M
Revenue	EUR 517.9M

Metric

Value

Capital expenditures

EUR 6M

Depreciation and amortization

EUR 5M

EBIT

EUR 368.3M

EBITDA

EUR 373.4M

EPS

EUR 1.24

Financing cash flow

EUR 924.9M

Free cash flow

EUR 370.7M

Funds from operations (FFO)

EUR 11.5M

Gross profit

EUR 517.9M

Income taxes

EUR 54.2M

Investing cash flow

EUR -667.6M

Net cash flow

EUR 622.1M

Net income

EUR 733.8M

Operating income

EUR 368.3M

Revenue

EUR 517.9M

Metric	Value
Book value per share	EUR 12.91
Debt / EBITDA	11.95
Debt / equity	0.56
Debt / FCF	12.03
Interest coverage	3.01
Net cash (debt)	EUR -3.1B
Net cash / market cap	-52.1%
Net debt / EBITDA	8.34
Net debt / equity	0.39
Net debt / FCF	8.4
Piotroski F-Score	3
Property, plant and equipment	EUR 10.8B
Shareholders' equity	EUR 8B
Tangible book value	EUR 8B
Tangible book value per share	EUR 12.91
Total assets	EUR 13.4B
Total cash	EUR 1.3B
Total debt	EUR 4.5B
Total liabilities	EUR 5.4B
WACC	6.47%

Metric

Value

Book value per share

EUR 12.91

Debt / EBITDA

11.95

Debt / equity

0.56

Debt / FCF

12.03

Interest coverage

3.01

Net cash (debt)

EUR -3.1B

Net cash / market cap

-52.1%

Net debt / EBITDA

8.34

Net debt / equity

0.39

Net debt / FCF

8.4

Piotroski F-Score

Property, plant and equipment

EUR 10.8B

Shareholders' equity

EUR 8B

Tangible book value

EUR 8B

Tangible book value per share

EUR 12.91

Total assets

EUR 13.4B

Total cash

EUR 1.3B

Total debt

EUR 4.5B

Total liabilities

EUR 5.4B

WACC

6.47%

Metric	Value
Asset turnover	0.04
Current ratio	1.59
Net working capital	EUR -57.4M
Quick ratio	1.51
Working capital	EUR 552.4M

Metric

Value

Asset turnover

0.04

Current ratio

1.59

Net working capital

EUR -57.4M

Quick ratio

1.51

Working capital

EUR 552.4M

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	12
Dividend payout frequency	Semi-Annual
Dividend per share	EUR 0.33
Dividend yield	3.44%
Ex-dividend date	2026-05-07
Last dividend	EUR 0.22
Payout ratio	14.31%
Shareholder yield	-0.28%

Metric

Value

Buyback yield / dilution

-3.72%

Dividend growth

4.69%

Dividend growth (3Y)

-26.77%

Dividend growth (5Y)

4.79%

Dividend growth years

Dividend payment date

2026-05-25

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

EUR 0.33

Dividend yield

3.44%

Ex-dividend date

2026-05-07

Last dividend

EUR 0.22

Payout ratio

14.31%

Shareholder yield

-0.28%

Metric	Value
10Y price change	11.78%
10Y return CAGR	5.18%
10Y total return	65.68%
150-day SMA	EUR 14.15
1D price change	-0.3%
1M price change	-6.12%
1M total return	-6.12%
1W price change	0.44%
1W total return	0.44%
1Y price change	-16.22%
1Y return CAGR	-13.9%
1Y total return	-13.9%
20-day SMA	EUR 11.82
200-day SMA	EUR 13.98
3M price change	-25.11%
3M total return	-25.11%
3Y price change	51.95%
3Y return CAGR	19%
3Y total return	68.54%
50-day SMA	EUR 12.58
50-day SMA vs 200-day SMA	50under200
52-week high	EUR 17.00
52-week high date	2026-06-22
52-week low	EUR 11.14
52-week low date	2026-10-23
5Y price change	22.98%
5Y return CAGR	9.43%
5Y total return	56.93%
6M price change	-23.37%
6M total return	-22.25%
All-time high	EUR 17.00
All-time high date	2026-06-22
All-time low	EUR 5.56
All-time low date	2020-10-29
Average true range (ATR)	EUR 0.33
Average volume	295.6K
Beta (5Y)	0.93
Change from 52-week high	-32.5%
Change from 52-week low	3.01%
Change from all-time high	-32.29%
Change from all-time low	107.01%
Change from open	-0.65%
Day's gap	0.35%
Dollar volume	EUR 2.8M
High price	EUR 11.55
Low price	EUR 11.33
Monthly RSI	45.07
Open price	EUR 11.55
Position in 52-week range	65.91%
Previous close	EUR 11.51
Price vs 150-day SMA	-18.68%
Price vs 20-day SMA	-2.64%
Price vs 200-day SMA	-17.68%
Price vs 50-day SMA	-8.51%
Relative volume	0.84
RSI	38.6
Sharpe ratio	-0.59
Sharpe ratio (3Y)	0.52
Sharpe ratio (5Y)	0.27
Sortino ratio	-0.58
Sortino ratio (3Y)	0.99
Sortino ratio (5Y)	0.62
Volume	246.9K
Weekly RSI	28.3
YTD price change	-6.88%
YTD total return	-5.51%

Metric

Value

10Y price change

11.78%

10Y return CAGR

5.18%

10Y total return

65.68%

150-day SMA

EUR 14.15

1D price change

-0.3%

1M price change

-6.12%

1M total return

-6.12%

1W price change

0.44%

1W total return

0.44%

1Y price change

-16.22%

1Y return CAGR

-13.9%

1Y total return

-13.9%

20-day SMA

EUR 11.82

200-day SMA

EUR 13.98

3M price change

-25.11%

3M total return

-25.11%

3Y price change

51.95%

3Y return CAGR

19%

3Y total return

68.54%

50-day SMA

EUR 12.58

50-day SMA vs 200-day SMA

50under200

52-week high

EUR 17.00

52-week high date

2026-06-22

52-week low

EUR 11.14

52-week low date

2026-10-23

5Y price change

22.98%

5Y return CAGR

9.43%

5Y total return

56.93%

6M price change

-23.37%

6M total return

-22.25%

All-time high

EUR 17.00

All-time high date

2026-06-22

All-time low

EUR 5.56

All-time low date

2020-10-29

Average true range (ATR)

EUR 0.33

Average volume

295.6K

Beta (5Y)

0.93

Change from 52-week high

-32.5%

Change from 52-week low

3.01%

Change from all-time high

-32.29%

Change from all-time low

107.01%

Change from open

-0.65%

Day's gap

0.35%

Dollar volume

EUR 2.8M

High price

EUR 11.55

Low price

EUR 11.33

Monthly RSI

45.07

Open price

EUR 11.55

Position in 52-week range

65.91%

Previous close

EUR 11.51

Price vs 150-day SMA

-18.68%

Price vs 20-day SMA

-2.64%

Price vs 200-day SMA

-17.68%

Price vs 50-day SMA

-8.51%

Relative volume

0.84

RSI

38.6

Sharpe ratio

-0.59

Sharpe ratio (3Y)

0.52

Sharpe ratio (5Y)

0.27

Sortino ratio

-0.58

Sortino ratio (3Y)

0.99

Sortino ratio (5Y)

0.62

Volume

246.9K

Weekly RSI

28.3

YTD price change

-6.88%

YTD total return

-5.51%

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%

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%

LON/0QVM (LON/0QVM)

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