Mercal Inmuebles Socimi SA
Mercal Inmuebles Socimi, S.A. engages in the acquisition and promotion of real estate properties of an urban nature for lease. Its portfolio consists of offices, hospitals, land, and garages. The company is based in Madrid, Spain.
Mercal Inmuebles Socimi SA (YMEI) - Net Assets
Latest net assets as of December 2024: €26.68 Million EUR
Based on the latest financial reports, Mercal Inmuebles Socimi SA (YMEI) has net assets worth €26.68 Million EUR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€48.90 Million) and total liabilities (€22.22 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €26.68 Million |
| % of Total Assets | 54.57% |
| Annual Growth Rate | 5.25% |
| 5-Year Change | 38.14% |
| 10-Year Change | 86.17% |
| Growth Volatility | 10.24 |
Mercal Inmuebles Socimi SA - Net Assets Trend (2010–2024)
This chart illustrates how Mercal Inmuebles Socimi SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mercal Inmuebles Socimi SA (2010–2024)
The table below shows the annual net assets of Mercal Inmuebles Socimi SA from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €26.68 Million | +4.30% |
| 2023-12-31 | €25.58 Million | +1.25% |
| 2022-12-31 | €25.26 Million | +0.85% |
| 2021-12-31 | €25.05 Million | +29.70% |
| 2020-12-31 | €19.31 Million | +1.45% |
| 2019-12-31 | €19.04 Million | +16.82% |
| 2017-12-31 | €16.30 Million | +4.82% |
| 2016-12-31 | €15.55 Million | +8.86% |
| 2015-12-31 | €14.28 Million | -0.34% |
| 2014-12-31 | €14.33 Million | +12.83% |
| 2013-12-31 | €12.70 Million | +3.53% |
| 2012-12-31 | €12.27 Million | +11.77% |
| 2011-12-31 | €10.98 Million | -15.79% |
| 2010-12-31 | €13.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercal Inmuebles Socimi SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 175.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.60 Million | 9.75% |
| Other Components | €24.08 Million | 90.25% |
| Total Equity | €26.68 Million | 100.00% |
Mercal Inmuebles Socimi SA Competitors by Market Cap
The table below lists competitors of Mercal Inmuebles Socimi SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Serinus Energy
PINK:SNUYF
|
$443.92K |
|
International Stem Cell Corp
OTCQB:ISCO
|
$444.06K |
|
PROPHECY DEFI INC.
F:V8M
|
$444.51K |
|
First Colombia Gold Corp
PINK:FCGD
|
$444.75K |
|
IND.VAERDEN -A- (IDVA.SG)
STU:IDVA
|
$443.49K |
|
Profithol S.A.
MC:SPH
|
$443.00K |
|
Avioane Craiova SA
RO:AVIO
|
$442.25K |
|
SODEXO
MU:SJ7
|
$442.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercal Inmuebles Socimi SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,581,362 to 26,682,090, a change of 1,100,728 (4.3%).
- Net income of 2,602,795 contributed positively to equity growth.
- Dividend payments of 1,500,012 reduced retained earnings.
- Share repurchases of 2,056 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.60 Million | +9.75% |
| Dividends Paid | €1.50 Million | -5.62% |
| Share Repurchases | €2.06K | -0.01% |
| Other Changes | €1.00 | +0.0% |
| Total Change | €- | 4.30% |
Book Value vs Market Value Analysis
This analysis compares Mercal Inmuebles Socimi SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.31x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €20.75 | €48.00 | x |
| 2020-12-31 | €21.02 | €48.00 | x |
| 2021-12-31 | €27.24 | €48.00 | x |
| 2022-12-31 | €27.50 | €48.00 | x |
| 2023-12-31 | €27.83 | €48.00 | x |
| 2024-12-31 | €29.03 | €48.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercal Inmuebles Socimi SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.25%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.83x
- Recent ROE (9.75%) is below the historical average (16.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.95% | 63.42% | 0.10x | 1.97x | €279.90K |
| 2015 | 13.97% | 85.26% | 0.08x | 1.93x | €566.70K |
| 2016 | 18.76% | 100.00% | 0.11x | 1.66x | €1.36 Million |
| 2017 | 14.82% | 81.53% | 0.11x | 1.59x | €785.20K |
| 2019 | 14.72% | 154.60% | 0.06x | 1.61x | €898.15K |
| 2020 | 11.65% | 140.73% | 0.05x | 1.70x | €318.37K |
| 2021 | 50.55% | 587.36% | 0.06x | 1.47x | €10.16 Million |
| 2022 | 7.32% | 73.75% | 0.06x | 1.54x | €-676.00K |
| 2023 | 7.11% | 71.07% | 0.07x | 1.49x | €-740.07K |
| 2024 | 9.75% | 96.25% | 0.06x | 1.83x | €-65.41K |
Industry Comparison
This section compares Mercal Inmuebles Socimi SA's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $115,373,515
- Average return on equity (ROE) among peers: -3.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercal Inmuebles Socimi SA (YMEI) | €26.68 Million | 11.95% | 0.83x | $443.83K |
| Jaba I Inversiones Inmobiliarias Socimi SA (YABA) | $35.53 Million | -0.01% | 0.20x | $267.38K |
| All Iron Re I Socimi Sa (YAI1) | $137.12 Million | 4.56% | 0.39x | $178.65 Million |
| Arrienda Rental Properties SOCIMI SA (YARP) | $22.45 Million | 0.26% | 0.39x | $27.41 Million |
| Azaria Rental SOCIMI S.A. (YAZR) | $43.74 Million | 5.46% | 1.79x | $7.98 Million |
| Entre Cua Socimi (YENT) | $55.12 Million | 0.00% | 0.72x | $4.20 Million |
| Euro Cervantes SOCIMI SA (YEUR) | $14.24 Million | -76.52% | 28.22x | $1.75 Million |
| GMP Property SOCIMI SA (YGMP) | $681.45 Million | 16.23% | 1.62x | $2.90 Million |
| Grupo Ortiz Properties Socimi (YGOP) | $93.22 Million | 12.01% | 0.96x | $55.96 Million |
| Hispanotels Inversiones SOCIMI SA (YHSP) | $48.80 Million | 1.77% | 0.48x | $54.06 Million |
| IBI Lion SOCIMI S.A. (YIBI) | $22.07 Million | -2.24% | 0.45x | $11.74K |