Metrovacesa S.A. (MVC.MC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-113.4%

-€1.48

vs €11.04 price

Levered DCF

€34.53

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.44

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	24.63×	87.8×	-57.71×	-42.47×	59.33×	-5.59×	-294.61×	-184.53×
P/B	1×	0.87×	0.71×	0.53×	0.52×	0.42×	0.57×	0.7×
P/S	2×	2.13×	2.05×	1.86×	2.11×	6.54×	8.2×	8.82×
EV / EBITDA	18.03×	32.44×	127.89×	-908.29×	42.69×	-8.02×	281.16×	183.81×
Gross margin	23.1%	28.2%	99.0%	18.7%	100.3%	16.5%	12.4%	15.6%
Operating margin	11.4%	7.8%	2.4%	-1.5%	7.3%	-102.1%	2.7%	3.7%
Net margin	8.0%	2.4%	-3.6%	-4.5%	3.6%	-116.9%	-2.8%	-4.8%
Current ratio	2.48×	4×	0.35×	5.51×	6.05×	5.06×	9.97×	18.79×
Debt / equity	0.26×	0.22×	0.26×	0.19×	0.19×	0.19×	0.06×	0.03×
Interest coverage	3.7×	1.69×	0.61×	-0.7×	2.43×	-13.41×	0.64×	0.87×
Dividend yield	16.9%	7.5%	8.3%	23.8%	11.2%	0.0%	3.8%	0.0%
Payout ratio	421.2%	658.4%	-479.8%	-979.2%	652.5%	0.0%	-1111.5%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.0%	1.0%	-1.2%	-1.3%	0.9%	-7.5%	-0.2%	-0.4%
Return on invested capital	2.8%	1.6%	0.6%	-0.4%	1.2%	-5.4%	0.2%	-5.9%
Return on assets	2.5%	0.7%	-0.8%	-0.9%	0.7%	-5.6%	-0.2%	-0.4%
Free cash flow yield	15.3%	6.8%	2.6%	21.9%	12.8%	-8.6%	-2.2%	2.0%
Earnings yield	4.0%	1.1%	-1.7%	-2.4%	1.7%	-17.9%	-0.3%	-0.5%
Enterprise value	€1.7B	€1.6B	€1.6B	€1.2B	€1.2B	€997.8M	€1.3B	€1.6B
Net debt / EBITDA	3.19×	3.51×	29.84×	-170.83×	3.3×	-0.67×	1.85×	-7.5×
Cash conversion cycle (days)	1,045	1,338	1,433	1,556	1,633	5,909	4,795	4,115