MERLIN Properties SOCIMI, S.A. / Fundamentals

    Income statement

    Net revenue
    €502.91M
    Cost of goods sold
    €34.37M
    Gross profit
    €476.55M
    SG&A expenses
    €40.78M
    R&D expenses
    €0.00
    EBITDA
    €414.55M
    D&A
    €4.88M
    EBIT
    €371.55M
    Interest expenses
    €67.53M
    EBT
    €314.80M
    Tax expenses
    €11.62M
    Net income
    €303.18M

    Cash flow statement

    Net deferred tax
    €0.00
    Non-cash items
    -€246.61M
    Changes in working capital
    €5.06M
    Operating cash flow
    €62.82M
    Capex
    €0.00
    Other investing cash flow
    -€57.69M
    Net investing cash flow
    -€57.69M
    Total cash dividends paid
    -€1.97M
    Issuance of common stock
    €0.00
    Debt repayment
    €0.00
    Other financing cash flow
    €128.90M
    Net financing cash flow
    €126.92M
    Foreign exchange effects
    €0.00
    Net change in cash
    €132.06M
    Cash at end of period
    €0.00
    Free cash flow
    €62.82M

    Balance sheet

    Cash and cash equivalents
    €1.59B
    Cash and short-term investments
    €1.60B
    Total receivables
    €72.97M
    Inventory
    €0.00
    Other current assets
    €74.03M
    Total current assets
    €1.74B
    Property, plant & equipment
    €23.44M
    Goodwill
    €0.00
    Intangible assets
    €1.24M
    Long-term investments
    €600.83M
    Other non-current assets
    €11.18B
    Total non-current assets
    €11.86B
    Total assets
    €13.60B
    Accounts payable
    €140.52M
    Short-term debt
    €650.56M
    Other current liabilities
    €22.08M
    Total current liabilities
    €813.16M
    Long-term debt
    €4.58B
    Deferred tax liabilities
    €607.56M
    Other non-current liabilities
    €7.84M
    Total non-current liabilities
    €5.20B
    Total liabilities
    €6.01B
    Common stock
    €563.73M
    Retained earnings
    €84.21M
    Other equity
    €0.00
    Total equity
    €7.59B
    Total liabilities and shareholders' equity
    €13.60B

    Company information

    Market capitalization
    €6.23B
    Employees
    282
    Enterprise Value
    €9.47B

    Company ratios

    Gross margin
    94.8% Much better than peer group: 64.0%
    EBITDA margin
    82.4% Even with peer group: 83.7%
    EBIT margin
    73.9% Better than peer group: 54.4%
    EBT margin
    62.6% Worse than peer group: 71.6%
    Net margin
    60.3% Even with peer group: 63.8%
    ROE
    4.0% Worse than peer group: 11.3%
    ROA
    2.2% Even with peer group: 5.6%
    Asset turnover
    3.7% Worse than peer group: 16.9%
    FCF margin
    12.5% Better than peer group: -2.7%
    FCF yield
    1.0%
    Efficiency ratio
    17.6%
    Net sales per employee
    €1.78M
    Net income per employee
    €1.08M

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