MERLIN Properties SOCIMI Valuation
Is MRL N undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of MRL N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MRL N (MX$219.17) is trading above our estimate of fair value (MX$138.57)
Significantly Below Fair Value: MRL N is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MRL N?
Key metric: As MRL N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is MRL N's PE Ratio? | |
|---|---|
| PE Ratio | 45x |
| Earnings | €129.34m |
| Market Cap | €5.82b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 18.8x |
| Enterprise Value/EBITDA | 24.7x |
| PEG Ratio | 1.4x |
Price to Earnings Ratio vs Peers
How does MRL N's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.3x | ||
FUNO 11 Fibra UNO | 7x | -1.4% | Mex$81.0b |
DANHOS 13 Fibra Danhos | 10.1x | 7.9% | Mex$34.6b |
FNOVA 17 Fibra Nova | 8.5x | n/a | Mex$14.1b |
STORAGE 18 FIBRA Storage | 7.6x | n/a | Mex$4.5b |
MRL N MERLIN Properties SOCIMI | 45x | 33.2% | Mex$5.8b |
Price-To-Earnings vs Peers: MRL N is expensive based on its Price-To-Earnings Ratio (45x) compared to the peer average (8.3x).
Price to Earnings Ratio vs Industry
How does MRL N's PE Ratio compare vs other companies in the Global REITs Industry?
| 9 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 9 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: MRL N is expensive based on its Price-To-Earnings Ratio (45x) compared to the Global REITs industry average (16.2x).
Price to Earnings Ratio vs Fair Ratio
What is MRL N's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 45x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MRL N's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | Mex$275.92 0% | 14.1% | Mex$332.57 | Mex$160.32 | n/a | 18 |
| Nov ’25 | n/a | Mex$281.30 0% | 14.1% | Mex$338.83 | Mex$163.33 | n/a | 18 |
| Oct ’25 | n/a | Mex$275.82 0% | 13.7% | Mex$329.99 | Mex$165.43 | n/a | 19 |
| Sep ’25 | Mex$243.16 | Mex$266.58 +9.6% | 11.2% | Mex$315.78 | Mex$209.80 | n/a | 18 |
| Aug ’25 | Mex$208.78 | Mex$246.78 +18.2% | 11.0% | Mex$295.96 | Mex$196.63 | n/a | 17 |
| Jul ’25 | Mex$201.65 | Mex$238.15 +18.1% | 9.2% | Mex$287.68 | Mex$191.13 | n/a | 18 |
| Jun ’25 | n/a | Mex$215.03 0% | 9.7% | Mex$261.89 | Mex$177.65 | n/a | 17 |
| May ’25 | n/a | Mex$205.05 0% | 9.0% | Mex$237.85 | Mex$176.12 | n/a | 19 |
| Apr ’25 | n/a | Mex$192.37 0% | 12.9% | Mex$226.87 | Mex$114.33 | n/a | 20 |
| Mar ’25 | Mex$170.26 | Mex$197.86 +16.2% | 12.8% | Mex$234.22 | Mex$118.03 | n/a | 20 |
| Feb ’25 | Mex$177.45 | Mex$200.02 +12.7% | 12.5% | Mex$234.47 | Mex$120.05 | n/a | 20 |
| Jan ’25 | n/a | Mex$190.39 0% | 12.7% | Mex$234.10 | Mex$119.86 | n/a | 20 |
| Dec ’24 | n/a | Mex$190.33 0% | 13.0% | Mex$235.36 | Mex$120.50 | n/a | 20 |
| Nov ’24 | n/a | Mex$192.91 0% | 14.7% | Mex$242.04 | Mex$123.92 | n/a | 17 |
| Oct ’24 | n/a | Mex$183.66 0% | 15.6% | Mex$236.58 | Mex$116.47 | n/a | 17 |
| Sep ’24 | n/a | Mex$188.25 0% | 13.4% | Mex$239.07 | Mex$145.28 | Mex$243.16 | 17 |
| Aug ’24 | n/a | Mex$188.25 0% | 13.4% | Mex$239.07 | Mex$145.28 | Mex$208.78 | 17 |
| Jul ’24 | n/a | Mex$191.12 0% | 13.0% | Mex$243.56 | Mex$148.01 | Mex$201.65 | 17 |
| Jun ’24 | n/a | Mex$196.73 0% | 14.2% | Mex$252.03 | Mex$149.36 | n/a | 17 |
| May ’24 | n/a | Mex$209.59 0% | 13.5% | Mex$264.63 | Mex$156.83 | n/a | 17 |
| Apr ’24 | n/a | Mex$213.43 0% | 13.5% | Mex$268.73 | Mex$159.26 | n/a | 17 |
| Mar ’24 | n/a | Mex$206.33 0% | 13.5% | Mex$259.50 | Mex$153.79 | Mex$170.26 | 17 |
| Feb ’24 | Mex$182.40 | Mex$219.38 +20.3% | 14.3% | Mex$272.74 | Mex$161.64 | Mex$177.45 | 17 |
| Jan ’24 | n/a | Mex$225.34 0% | 14.3% | Mex$279.69 | Mex$163.66 | n/a | 17 |
| Dec ’23 | n/a | Mex$217.73 0% | 13.9% | Mex$268.33 | Mex$159.02 | n/a | 17 |
| Nov ’23 | n/a | Mex$216.65 0% | 13.1% | Mex$260.07 | Mex$154.13 | n/a | 18 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
Net Lease Office Properties
US$435.6m
Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis.
NLOP *
US$375.00
7D
0%
1Y
n/a
Unibail-Rodamco-Westfield
€10.7b
Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States.
URW N
€1,656.50
7D
0%
1Y
61.9%
Park Hotels & Resorts
US$3.2b
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value.
PK *
US$298.30
7D
0%
1Y
n/a