€11.82
0.84%
Madrid, Oct 01, 05:35 pm CEST. Closed.
ISIN
ES0105025003
Symbol
MRL

Merlin Properties Target price 2026 - Analyst rating & recommendation

Merlin Properties Classifications & Recommendation

Buy
85%
Hold
15%

Merlin Properties Price Target

Target Price €17.60
Price €11.82
Potential
Number of Estimates 24
24 Analysts have issued a price target Merlin Properties 2027 . The average Merlin Properties target price is €17.60. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 27 analysts: 23 Analysts recommend Merlin Properties to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Merlin Properties stock has an average upside potential 2027 of . Most analysts recommend the Merlin Properties stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2032

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Million € 538.96 596.69
8.98% 10.71%
EBITDA Margin 74.26% 76.45%
2.24% 2.94%
Net Margin 145.86% 56.32%
154.22% 61.39%

22 Analysts have issued a sales forecast Merlin Properties 2026 . The average Merlin Properties sales estimate is

€597m
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. This is
4.82% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
€660m 16.02%
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, the lowest is
€442m 22.34%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 €539m 8.98%
2026
€597m 10.71%
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2027
€683m 14.46%
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2028
€849m 24.26%
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2029
€991m 16.80%
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2030
€1.3b 29.33%
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2031
€1.4b 7.41%
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2032
€1.6b 15.25%
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21 Analysts have issued an Merlin Properties EBITDA forecast 2026. The average Merlin Properties EBITDA estimate is

€456m
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. This is
15.98% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
€551m 40.01%
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, the lowest is
€411m 4.40%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 €400m 6.53%
2026
€456m 13.96%
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2027
€520m 14.09%
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2028
€633m 21.58%
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2029
€718m 13.41%
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2030
€958m 33.56%
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EBITDA Margin

2025 74.26% 2.24%
2026
76.45% 2.94%
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2027
76.20% 0.33%
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2028
74.56% 2.15%
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2029
72.39% 2.91%
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2030
74.76% 3.27%
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23 Merlin Properties Analysts have issued a net profit forecast 2026. The average Merlin Properties net profit estimate is

€336m
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. This is
60.56% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
€366m 57.05%
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, the lowest is
€303m 64.40%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 €786m 177.04%
2026
€336m 57.25%
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2027
€354m 5.45%
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2028
€404m 13.97%
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2029
€424m 5.02%
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2030
€677m 59.69%
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Net Margin

2025 145.86% 154.22%
2026
56.32% 61.39%
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2027
51.89% 7.87%
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2028
47.59% 8.29%
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2029
42.79% 10.09%
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2030
52.84% 23.49%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2032

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share € 1.40 0.54
150.00% 61.43%
P/E 21.96
EV/Sales 18.13

23 Analysts have issued a Merlin Properties forecast for earnings per share. The average Merlin Properties EPS is

€0.54
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. This is
65.38% lower
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than earnings per share in the financial year 2025. The highest EPS forecast is
€0.59 62.18%
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, the lowest is
€0.49 68.59%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 €1.40 150.00%
2026
€0.54 61.43%
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2027
€0.57 5.56%
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2028
€0.65 14.04%
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2029
€0.69 6.15%
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2030
€1.09 57.97%
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P/E ratio

Current 7.64 29.88%
2026
21.96 187.40%
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2027
20.83 5.15%
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2028
18.27 12.29%
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2029
17.40 4.76%
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2030
10.90 37.36%
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Based on analysts' sales estimates for 2026, the Merlin Properties stock is valued at an EV/Sales of

18.13
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and an P/S ratio of
12.39
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 19.00 8.74%
2026
18.13 4.58%
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2027
15.84 12.63%
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2028
12.75 19.53%
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2029
10.91 14.38%
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2030
8.44 22.68%
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2031
7.86 6.90%
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2032
6.82 13.23%
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P/S ratio

Current 12.98 6.11%
2026
12.39 4.60%
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2027
10.82 12.63%
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2028
8.71 19.53%
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2029
7.46 14.39%
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2030
5.76 22.68%
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2031
5.37 6.90%
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2032
4.66 13.23%
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Current Merlin Properties Upgrades & Downgrades

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Analyst Rating Action Date
BNP PARIBAS
Locked
➜
Locked
Locked Sep 23 2026
ALANTRA EQUITIES
Locked
➜
Locked
Locked Sep 22 2026
ESN/GVC GAESCO BEKA
Locked
➜
Locked
Locked Sep 10 2026
BESTINVER SECURITIES
Locked
➜
Locked
Locked Sep 02 2026
KUTXABANK INVESTMENT
Locked
➜
Locked
Locked Jul 29 2026
ODDO BHF
Locked
➜
Locked
Locked Jul 28 2026
JEFFERIES
Locked
➜
Locked
Locked Jul 28 2026
Analyst Rating Date
Locked
BNP PARIBAS:
Locked
➜
Locked
Sep 23 2026
Locked
ALANTRA EQUITIES:
Locked
➜
Locked
Sep 22 2026
Locked
ESN/GVC GAESCO BEKA:
Locked
➜
Locked
Sep 10 2026
Locked
BESTINVER SECURITIES:
Locked
➜
Locked
Sep 02 2026
Locked
KUTXABANK INVESTMENT:
Locked
➜
Locked
Jul 29 2026
Locked
ODDO BHF:
Locked
➜
Locked
Jul 28 2026
Locked
JEFFERIES:
Locked
➜
Locked
Jul 28 2026

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