Metrovacesa MVC.MC
SpainReal Estate · Real Estate - DevelopmentBolsa de Madrid (BME) · EUR
11.09 EUR (+5.6%)
4 analysts
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Metrovacesa is a Spanish residential real estate developer focused on the development and sale of homes, with a business model based on land acquisition, construction, and the marketing of developments in Spain.
Listed on Bolsa de Madrid (BME) · Symbol MVC.MC · BME: MVC · Currency EUR
Key points
from its scores- ✓Strong growth10.0
- ✓Very solid balance sheet8.8
- ✓Attractive valuation7.7
- ✕Little competitive advantage4.4
- !Modest dividend5.7
AI analysis
bottom line, main risk, context and newsHold only if seeking exposure to the Spanish real estate sector with a solid balance sheet; the unsustainable dividend and low profitability limit its appeal.
Metrovacesa has a solid balance sheet (Net Debt/EBITDA of 1.38) and an attractive valuation (FCF yield of 25.81%), but its profitability is low (ROE 6.42%) and the dividend is not covered by earnings (payout 521%), warranting caution.
The dividend, with a payout of 521%, is not backed by earnings and could be cut, negatively impacting shareholder returns.
Context and risks
Metrovacesa operates in Spain, a country with elevated governance risk according to the assigned profile, which introduces regulatory and legal uncertainty that can affect residential development activity. This governance risk is not captured by financial metrics and justifies a negative adjustment to the base risk.
Is Metrovacesa stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Real Estate median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 26.9 | 21.6 | +25% |
| EV / EBITDA | 11.0 | 18.5 | −41% |
| Price / book | 1.2 | 1.4 | −14% |
| Price / sales | 1.8 | 6.3 | −72% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.7 out of 10 (median for Real Estate: 4.9).
Average analyst target: 11.09 EUR, +5.6% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 26.9
- Forward P/E
- 23.3
- EV / EBITDA
- 11.0
- Price / book
- 1.2
- Price / sales
- 1.8
- Market cap
- 1.6B EUR
- Enterprise value
- 1.8B EUR
Profitability
- ROE
- 6.4%
- ROA
- 4.5%
- ROIC (approx.)
- 4.3%
- Gross margin
- 24.6%
- Operating margin
- 8.1%
- Net margin
- 10.1%
- Free cash flow
- 410.9M EUR
- FCF yield
- 25.8%
- Cash conversion
- 247%
Solvency
- Total debt
- 389.3M EUR
- Net debt
- 229.5M EUR
- Cash
- 159.8M EUR
- EBITDA
- 166.2M EUR
- Net debt / EBITDA
- 1.38
- Debt / equity
- 30.03
- Current ratio
- 3.28
- Quick ratio
- 0.47
Growth
- Revenue growth
- +139.5%
- EPS (TTM)
- 0.39 EUR
- EPS (forward)
- 0.45 EUR
Dividend
- Dividend yield
- 19.2%
- Payout
- 521.2%
Risk and market
- Beta
- 0.69
- Analyst consensus
- underperform (4)
- Target price
- 11.09 EUR
- 52-week range
- 8.82 – 13.50
Recent news
All MVC.MC news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Metrovacesa
Is Metrovacesa stock cheap or expensive?
On P/E and Price / book, it trades in line with the Real Estate median (within 15%). Valuation score: 7.7 out of 10 (median for Real Estate: 4.9). Average analyst target: 11.09 EUR, +5.6% versus the price. This is not investment advice.
What score does Metrovacesa get on MeridIAn Screener?
It scores 6.8 out of 10, rank 333 of 2,130 (better than 83% of the companies analysed). Its strongest category is Growth (10.0) and its weakest, Quality / Moat (4.4). Analysis of 08/10/2026.
What is Metrovacesa's P/E ratio?
Its P/E is 26.9: the share price equals 26.9 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 23.3.
How much is Metrovacesa worth on the stock market?
Its market capitalisation is 1.6B EUR.
Does Metrovacesa pay a dividend?
Yes: its dividend yield is 19.24% and it pays out 521% of its earnings.
How has Metrovacesa stock performed over the last year?
It has risen 24.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 8.82 and 13.50 EUR. Past performance does not guarantee future results.
What do analysts think of Metrovacesa?
4 analysts cover it; their average recommendation is “underperform” and their average target is 11.09 EUR (+5.6% versus the price). It is an estimate, not market data.