BME:YMRE

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Meridia Real Estate III SOCIMI

Executive Summary

Rewards

Revenue grew by 8.2% over the past year

Risk Analysis

No risks detected for YMRE from our risk checks.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

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

Stable Share Price: YMRE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

YMRE

-2.3%

ES REITs

-3.8%

ES Market


1 Year Return

10.0%

YMRE

-26.4%

ES REITs

-23.2%

ES Market

Return vs Industry: YMRE exceeded the Spanish REITs industry which returned -26.6% over the past year.

Return vs Market: YMRE exceeded the Spanish Market which returned -22.8% over the past year.


Shareholder returns

YMREIndustryMarket
7 Day0%-2.3%-3.8%
30 Day2.5%-5.1%-4.8%
90 Day2.5%-6.8%-4.9%
1 Year10.0%10.0%-23.7%-26.4%-20.7%-23.2%
3 Yearn/a-5.0%-14.2%-23.5%-30.6%
5 Yearn/a-9.5%-22.3%-11.8%-25.6%

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?

1.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate YMRE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate YMRE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: YMRE is unprofitable, so we can't compare its PE Ratio to the ES REITs industry average.

PE vs Market: YMRE is unprofitable, so we can't compare its PE Ratio to the Spanish market.


Price to Earnings Growth Ratio

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 overvalued based on its PB Ratio (1.3x) compared to the ES REITs industry average (1.1x).


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?

33.1%

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

Past Performance

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

-108.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: YMRE is currently unprofitable.

Growing Profit Margin: YMRE is currently unprofitable.


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: Unable to compare YMRE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YMRE is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (6.1%).


Return on Equity

High ROE: YMRE has a negative Return on Equity (-3.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Meridia Real Estate III SOCIMI's financial position?


Financial Position Analysis

Short Term Liabilities: YMRE's short term assets (€56.2M) do not cover its short term liabilities (€59.7M).

Long Term Liabilities: YMRE's short term assets (€56.2M) do not cover its long term liabilities (€179.1M).


Debt to Equity History and Analysis

Debt Level: YMRE's debt to equity ratio (89%) is considered high.

Reducing Debt: Insufficient data to determine if YMRE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: YMRE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: YMRE has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 54.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?


CEO

Javier Faus Santasusana

no data

Tenure

Mr. Javier Faus Santasusana serves as President of the Board, President and CEO at Meridia Real Estate III, SOCIMI, S.A.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €148.165m
  • Shares outstanding: 122.45m

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 Analysis2020/09/26 04:38
End of Day Share Price2020/09/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.