BME:YMRE

Stock Analysis Report

Meridia Real Estate III SOCIMI

Executive Summary

Snowflake

Fundamentals

Fair value with worrying balance sheet.

Share Price & News

How has Meridia Real Estate III SOCIMI's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

YMRE

1.0%

ES REITs

2.0%

ES Market


1 Year Return

0.9%

YMRE

14.8%

ES REITs

4.8%

ES Market

Return vs Industry: YMRE underperformed the Spanish REITs industry which returned 14.8% over the past year.

Return vs Market: YMRE underperformed the Spanish Market which returned 4.8% over the past year.


Shareholder returns

YMREIndustryMarket
7 Day0%1.0%2.0%
30 Day0%5.0%2.7%
90 Day0%7.1%0.5%
1 Year0.9%0.9%18.6%14.8%8.3%4.8%
3 Yearn/a51.2%37.9%14.2%3.7%
5 Yearn/a105.5%61.7%8.9%-11.5%

Price Volatility Vs. Market

How volatile is Meridia Real Estate III SOCIMI's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Meridia Real Estate III SOCIMI undervalued compared to its fair value and its price relative to the market?

1.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: YMRE (€1.1) is trading above our estimate of fair value (€0.59)

Significantly Undervalued: YMRE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: YMRE is good value based on its PE Ratio (-85x) compared to the REITs industry average (17.7x).

PE vs Market: YMRE is good value based on its PE Ratio (-85x) compared to the Spanish market (16.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate YMRE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YMRE is good value based on its PB Ratio (1.2x) compared to the ES REITs industry average (1.2x).


Next Steps

Future Growth

How is Meridia Real Estate III SOCIMI forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-6.6%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Meridia Real Estate III SOCIMI has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine whether Meridia Real Estate III SOCIMI is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Meridia Real Estate III SOCIMI competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Meridia Real Estate III SOCIMI performed over the past 5 years?

47.1%

Last years revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if YMRE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: YMRE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: YMRE has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (39.9%).


Return on Equity

High ROE: YMRE's Return on Equity (1.9%) is considered low.


Return on Assets

ROA vs Industry: YMRE's Return on Assets is below or equal to the REITs industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate YMRE's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Meridia Real Estate III SOCIMI's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: YMRE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if YMRE's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: YMRE's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if YMRE has a sufficient allowance for bad loans.

Low Risk Liabilities: YMRE reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if YMRE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: YMRE has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if YMRE has an appropriate level of bad loans.


Next Steps

Dividend

What is Meridia Real Estate III SOCIMI's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.7%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate YMRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate YMRE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if YMRE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YMRE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YMRE's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

What is the CEO of Meridia Real Estate III SOCIMI's salary, the management and board of directors tenure and is there insider trading?


CEO

A dalberto Cordoncillo Antón 0

0yrs

Tenure

0

Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • A dalberto Cordoncillo Antón

    CEO & Director

    • Tenure: 0yrs
  • Elisabet Gómez Canalejo

    Secretary

    • Tenure: 0yrs

Board Members

  • C ristina Badenes Torrens

    Director

    • Tenure: 0yrs
  • A dalberto Cordoncillo Antón

    CEO & Director

    • Tenure: 0yrs
  • Javier Faus Santasusana

    President of the Board

    • Tenure: 0yrs

Company Information

Meridia Real Estate III, SOCIMI, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meridia Real Estate III, SOCIMI, S.A.
  • Ticker: YMRE
  • Exchange: BME
  • Founded:
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: €168.998m
  • Shares outstanding: 153.63m
  • Website: https://null

Number of Employees


Location

  • Meridia Real Estate III, SOCIMI, S.A.
  • Avda. Diagonal 640, Planta 5
  • Barcelona
  • Catalonia
  • 8017
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YMREBME (Bolsas y Mercados Espanoles)YesShare CapitalESEURDec 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 22:08
End of Day Share Price2019/10/17 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.