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Metrovacesa S.A (MVC) Fair Value & Analysis

Real Estate · ES · Market cap €1.7B

MS Metrovacesa S.A MVC · MC
Price€10.74
Fair Value€6.76
Upside-37.1%
Quality70/100
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Mixed Growth
Thin margins · 8.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/14)
Moderate moat 49/100
Evidence: High Range €6.76 – €7.97 Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from €6.74 to €6.76 (+0.3%) since Jun 26, 2026. Share price −3.8% over the past month.

A solid business, but screening 37% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€7.97). The favourable scenario is already priced in.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

€12.22 €3.20 Fair Value €6.76 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range €3.20 – €12.22 · fair‑value band €6.76 – €7.97 · the €10.74 price screens above the €6.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Metrovacesa S.A (MVC) currently trades at €10.74, while our model-based Fair Value estimate is €6.76, implying the stock looks roughly 37.1% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Metrovacesa S.A generated revenue of €708M at a net margin of 8.0%. Revenue grew 36.2% year over year. It earns a return on equity of 3.8%. Net debt stands at €305M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €6.76 (bear case) to €7.97 (bull case); at €10.74, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at -37%, MVC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €15.36 €29.03 €50.51 80
Residual Income €6.62 €6.54 €5.61 76
Rev-Margin DCF €7.89 €13.56 €21.65 74
All 16 models by family
DCF Models
FCF DCF €16.07 €27.18 €53.94 38
5Y Revenue Exit €7.89 €13.35 €21.24 39
5Y EBITDA Exit €8.95 €15.73 €25.07 41
10Y Revenue Exit €10.49 €17.14 €26.10 36
10Y EBITDA Exit €11.32 €18.86 €30.79 37
Dividend Discount
Gordon GGM €12.27 €22.11 €30.44 70
DDM Multi-Stage €12.27 €20.20 €23.62 61
Multiples
P/S Multiple €4.78 €6.38 €7.97 58
P/B Multiple €4.78 €6.38 €7.97 55
EV/EBIT €7.55 €10.49 €13.42 53
EV/EBITDA €5.66 €7.96 €10.26 54
EV/Revenue €3.60 €5.69 €7.77 43
Asset-Based
NCAV (Graham) €4.66 €6.25 €9.33 50
Growth DCF
Growth DCF €15.36 €29.03 €50.51 80
Rev-Margin DCF €7.89 €13.56 €21.65 74
Economic Profit
Residual Income €6.62 €6.54 €5.61 76

Widest divergence: Dividend Discount (€20.20) versus Asset-Based (€6.25). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €708M
Revenue growth (YoY) +36.2%
Net margin 8.0%
Return on equity 3.8%
Free cash flow €217M FY2025
P/E ratio 27.8
More key figures
Operating margin 24.3%
EPS (TTM) €0.3800
EPS growth (YoY) +500%
Net debt €305M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 64

Profitability 25
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Metrovacesa S.A. operates as a real estate development company in Spain. The company develops and sells residential and commercial premises, as well as selling land. Metrovacesa S.A. was founded in 1918 and is based in Madrid, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metrovacesa S.A reported revenue of €708M in FY2025 versus €511M in FY2021, a compound +8.5%/yr. Reported net income was €56.9M in FY2025, compounding +32.5%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€708M
Latest YoY
+8.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+38.3%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.8%
Revenue +8.5%/yr
FY21 €511M
FY22 €519M
FY23 €586M
FY24 €654M
FY25 €708M
Net income +32.5%/yr
FY21 €18.5M
FY22 −€23.5M
FY23 −€20.8M
FY24 €15.9M
FY25 €56.9M

MVC screens 37% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Metrovacesa S.A Fair Value". https://www.fairvalue-calculator.com/stock/MVC

Peer Group

Real Estate - Development · 588 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 71 · Top 25%
Fair Value upside −37% · Bottom 25%
Return on equity (TTM) 4% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth 36% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.18× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 29.2× · Pricier than 75% of peers
P/B 1.37× · Pricier than 75% of peers
P/S (TTM) 2.74× · Pricier than 75% of peers
P/FCF 8.9× · Pricier than 75% of peers
EV/EBITDA 16.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 48
FUTURE 100 · sector 0
PAST 15 · sector 10
HEALTH 91 · sector 84
DIVIDEND 0 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Metrovacesa S.A (MVC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €6.76 versus a price of €10.74, about −37% (overvalued).
What is the fair value of MVC?
Our model-based fair value for Metrovacesa S.A is €6.76 (as of Jul 17, 2026), built from audited fundamentals. The current price is €10.74.
What is the quality score of MVC?
Metrovacesa S.A has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Metrovacesa S.A (MVC)?
Metrovacesa S.A reported trailing-twelve-month revenue of about €708M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MVC?
The net profit margin of Metrovacesa S.A is about 8.0%, meaning it keeps roughly 8.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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