Merlin Properties (MRL) | Financial Analysis & Statements
Merlin Properties Socimi S.A. | Large-cap | Real Estate
Merlin Properties Socimi S.A. | Large-cap | Real Estate
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
494.6M
Operating Income
377.5M
76.33%
Net Income
283.8M
57.37%
EPS (Diluted)
€0.56
Balance Sheet Metrics
Total Assets
13.5B
Total Liabilities
6.0B
Shareholders Equity
7.5B
Debt to Equity
0.79
Cash Flow Metrics
Operating Cash Flow
392.1M
Free Cash Flow
297.3M
Revenue & Profitability Trend
Merlin Properties Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 494.6M | 464.8M | 439.0M | 382.8M | 446.1M |
| Cost of Goods Sold | - | 43.8M | 49.1M | 46.3M | 45.5M |
| Gross Profit | - | 421.0M | 389.9M | 336.5M | 400.7M |
| Operating Expenses | 85.0M | 78.6M | 71.4M | 62.7M | 60.2M |
| Operating Income | 377.5M | 354.1M | 328.8M | 281.8M | 346.1M |
| Pre-tax Income | 296.0M | -75.0M | 48.2M | 403.2M | 55.6M |
| Income Tax | 12.2M | 8.5M | 6.8M | 7.8M | -746.0K |
| Net Income | 283.8M | -83.5M | 263.1M | 512.2M | 56.4M |
| EPS (Diluted) | €0.56 | -€0.18 | €0.56 | €1.10 | €0.12 |
Income Statement Trend
Merlin Properties Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.7B | 600.0M | 539.2M | 1.0B | 415.9M |
| Non-Current Assets | 11.8B | 11.5B | 11.5B | 13.2B | 13.1B |
| Total Assets | 13.5B | 12.1B | 12.1B | 14.3B | 13.5B |
| Liabilities | |||||
| Current Liabilities | 840.3M | 214.7M | 950.5M | 736.6M | 179.3M |
| Non-Current Liabilities | 5.1B | 5.3B | 4.3B | 6.5B | 6.6B |
| Total Liabilities | 6.0B | 5.5B | 5.2B | 7.2B | 6.8B |
| Equity | |||||
| Total Shareholders Equity | 7.5B | 6.5B | 6.8B | 7.0B | 6.7B |
Balance Sheet Composition
Merlin Properties Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 296.0M | -75.0M | 48.2M | 403.2M | 55.6M |
| Operating Cash Flow | 392.1M | 2.1M | 124.2M | 523.1M | 155.0M |
| Investing Activities | |||||
| Capital Expenditures | -18.8M | -1.1M | -644.0K | -2.3M | -2.0M |
| Investing Cash Flow | -72.2M | -6.4M | 1.4B | 81.9M | -3.5M |
| Financing Activities | |||||
| Dividends Paid | -105.2M | -207.0M | -455.4M | -70.0M | -68.5M |
| Financing Cash Flow | 1.1B | 78.6M | -1.7B | 335.4M | 93.2M |
| Free Cash Flow | 297.3M | 226.0M | 220.4M | 158.8M | 132.1M |
Cash Flow Trend
Merlin Properties Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
19.57
Forward P/E
19.57
Price to Book
0.81
Price to Sales
11.93
PEG Ratio
19.57
Profitability Ratios
Profit Margin
58.66%
Operating Margin
76.90%
Return on Equity
4.29%
Return on Assets
2.11%
Financial Health
Current Ratio
2.14
Debt to Equity
68.93
Beta
1.26
Per Share Data
EPS (TTM)
€0.56
Book Value per Share
€13.47
Revenue per Share
€0.97
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| mrl | 6.2B | 19.57 | 0.81 | 4.29% | 58.66% | 68.93 |
| Prosegur Compañía de | 1.5B | 57.50 | 0.96 | 12.27% | 1.78% | 253.20 |
| Airbus SE | 131.2B | 29.70 | 5.96 | 21.07% | 6.33% | 64.60 |
| Aena S.M.E., S.A | 34.2B | 17.25 | 3.97 | 24.69% | 33.55% | 83.40 |
| Ferrovial SE | 31.2B | 9.79 | 5.18 | 49.66% | 35.41% | 142.78 |
| Acciona S.A | 8.0B | 18.91 | 1.66 | 9.28% | 2.02% | 197.49 |
Financial data is updated regularly. All figures are in the company's reporting currency.