Financials Meridia Real Estate III, SOCIMI, S.A.

Equities

YMRE

ES0105313003

Commercial REITs

Market Closed - BME 15:00:17 31/05/2024 BST 5-day change 1st Jan Change
0.835 EUR -.--% Intraday chart for Meridia Real Estate III, SOCIMI, S.A. -.--% +1.21%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14.21 134.7 144.5 146.9 103 101.2
Enterprise Value (EV) 1 120.2 226.6 274 235 186.9 196.9
P/E ratio -84.2 x -40.7 x 13.7 x 9.36 x 1.42 x -38.6 x
Yield - - 0.99% 35.3% 40.1% -
Capitalization / Revenue 0.89 x 7.82 x 9.24 x 15.5 x 16 x 16.7 x
EV / Revenue 7.55 x 13.2 x 17.5 x 24.8 x 29 x 32.4 x
EV / EBITDA 31.1 x 61.5 x 67 x -95.4 x -20.6 x -56.3 x
EV / FCF -5.53 x 16.1 x -27.6 x -26.2 x -5.05 x -171 x
FCF Yield -18.1% 6.2% -3.63% -3.81% -19.8% -0.58%
Price to Book 1.15 x 1.19 x 1.17 x 1.22 x 1.2 x 1.59 x
Nbr of stocks (in thousands) 13,036 122,444 122,450 122,458 122,608 122,678
Reference price 2 1.090 1.100 1.180 1.200 0.8400 0.8250
Announcement Date 30/04/19 20/05/20 30/04/21 29/04/22 27/04/23 29/04/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 15.92 17.22 15.63 9.486 6.447 6.072
EBITDA 1 3.866 3.685 4.092 -2.464 -9.058 -3.5
EBIT 1 0.8467 -0.0106 0.207 -6.802 -12.27 -7.809
Operating Margin 5.32% -0.06% 1.32% -71.7% -190.37% -128.59%
Earnings before Tax (EBT) 1 -1.78 -3.626 9.864 15.93 70.01 -2.239
Net income 1 -1.585 -3.307 10.58 15.71 72.32 -2.622
Net margin -9.96% -19.2% 67.7% 165.64% 1,121.82% -43.17%
EPS 2 -0.0129 -0.0270 0.0864 0.1282 0.5895 -0.0214
Free Cash Flow 1 -21.76 14.05 -9.94 -8.957 -37.01 -1.149
FCF margin -136.65% 81.55% -63.59% -94.43% -574.1% -18.92%
FCF Conversion (EBITDA) - 381.14% - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - 0.0117 0.4234 0.3369 -
Announcement Date 30/04/19 20/05/20 30/04/21 29/04/22 27/04/23 29/04/24
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 106 91.9 130 88.1 83.9 95.7
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 27.42 x 24.93 x 31.65 x -35.75 x -9.258 x -27.35 x
Free Cash Flow 1 -21.8 14 -9.94 -8.96 -37 -1.15
ROE (net income / shareholders' equity) -1.81% -2.96% 8.45% 11.5% 67% -3.36%
ROA (Net income/ Total Assets) 0.19% -0% 0.03% -1.13% -2.63% -2.41%
Assets 1 -834.3 174,060 30,405 -1,389 -2,754 108.8
Book Value Per Share 2 0.9500 0.9200 1.010 0.9900 0.7000 0.5200
Cash Flow per Share 2 0.1100 0.1300 0.1500 0.0100 0.1200 0.0500
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 30/04/19 20/05/20 30/04/21 29/04/22 27/04/23 29/04/24
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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