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AM Locales Property SOCIMI, S.A (YAML) Fair Value & Analysis

Real Estate · ES · Market cap €109M

AL AM Locales Property SOCIMI, S.A YAML · MC
Price€21.80
Fair Value€2.90
Upside-86.7%
Quality49/100
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Mixed Growth
Highly profitable · 32.7% net margin
High debt · generates free cash flow
1.95% dividend yield
Trails peers (3/14)
Moderate moat 64/100
Evidence: High Range €0.9200 – €3.07 Share as image

Fair value as of: Jul 17, 2026

From 11 valuation models · updated 24 days ago

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€3.07). The favourable scenario is already priced in.
  • The model range is unusually wide (€0.9200 to €3.07). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • 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 (15 months)

€21.80 €21.80 Fair Value €2.90 Apr 2025 Jul 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

15‑month range €21.80 – €21.80 · fair‑value band €0.9200 – €3.07 · the €21.80 price screens above the €2.90 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

AM Locales Property SOCIMI, S.A (YAML) currently trades at €21.80, while our model-based Fair Value estimate is €2.90, implying the stock looks roughly 86.7% overvalued today. The Quality Score stands at 49/100 (below-average 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, AM Locales Property SOCIMI, S.A generated revenue of €8.1M at a net margin of 32.7%. Revenue grew 4.9% year over year. It earns a return on equity of 7.3%. Net debt stands at €50.9M. Fundamentals as of Jul 17, 2026

Our scenario range runs from €0.9200 (bear case) to €3.07 (bull case); at €21.80, 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -50% fair-value upside, at -87%, YAML 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
Residual Income €4.14 €3.69 €2.32 76
Rev-Margin DCF €2.13 74
P/S Multiple €0.9200 €1.23 €1.54 58
All 11 models by family
DCF Models
5Y Revenue Exit €2.83 39
5Y EBITDA Exit €2.90 €8.99 41
10Y EBITDA Exit €3.07 37
Multiples
P/S Multiple €0.9200 €1.23 €1.54 58
P/B Multiple €0.9200 €1.23 €1.54 55
EV/EBIT €4.55 €9.27 €14.00 53
EV/EBITDA €3.69 €8.13 €12.57 54
EV/Revenue €1.54 €4.89 43
Asset-Based
NCAV (Graham) €3.37 €4.51 €6.74 50
Growth DCF
Rev-Margin DCF €2.13 74
Economic Profit
Residual Income €4.14 €3.69 €2.32 76

Widest divergence: Asset-Based (€4.51) versus Multiples (€1.54). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) €8.1M
Revenue growth (YoY) +4.9%
Net margin 32.7%
Return on equity 7.3%
Free cash flow €1.1M FY2024
P/E ratio 43.6
More key figures
Operating margin 50.4%
EPS (TTM) €0.5000
Dividend yield 2.0%
EPS growth (YoY) +72.3%
Net debt €50.9M FY2024

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 44 · Market factors (momentum, volatility) 56

Profitability 17
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 84
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

AM Locales Property SOCIMI, S.A. operates as a real estate investment company in Spain. The company invests in commercial premises for leasing purpose. It is also involved in searching and management of tenants; and eventual future divestment and rotation of the property. The company was incorporated in 1990 and is based in Madrid, Spain.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

AM Locales Property SOCIMI, S.A reported revenue of €8.5M in FY2024 versus €6.3M in FY2020, a compound +7.8%/yr. Reported net income was €361K in FY2024, compounding −32.0%/yr from FY2020.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€8.5M
Latest YoY
+5.3%
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.
+8.7%
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.
+3.1%
Avg. growth/yr (6Y) 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.
+2.3%
Revenue +7.8%/yr
FY20 €6.3M
FY21 €6.6M
FY22 €7.7M
FY23 €8.1M
FY24 €8.5M
Net income −32.0%/yr
FY20 €1.7M
FY21 €1.9M
FY22 €1.9M
FY23 €2.6M
FY24 €361K

YAML screens 87% overvalued. Compare with Equinix, Inc →

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Cite: Fair Value Calculator (2026). "AM Locales Property SOCIMI, S.A Fair Value". https://www.fairvalue-calculator.com/stock/YAML

Peer Group

REIT - Specialty · 34 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 49 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Below median
Net margin (TTM) 33% · Below median
Operating margin (TTM) 50% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 2.0% · Bottom 25%
Debt / equity 1.57× · Higher than 75% of peers

Valuation Multiples vs REIT - Specialty median · lower = cheaper

P/E (TTM) 43.6× · Pricier than 75% of peers
P/B 3.77× · Pricier than 75% of peers
P/S (TTM) 15.63× · Pricier than 75% of peers
P/FCF 118.2× · Pricier than 75% of peers
EV/EBITDA 35.0× · Pricier than 75% of peers

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 5
FUTURE 25 · sector 25
PAST 29 · sector 28
HEALTH 22 · sector 76
DIVIDEND 39 · sector 99

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 REIT - Specialty stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Equinix, Inc EQIX $1,009 $232.70 -77%
American Tower Corporation AMT $164.65 $92.31 -44%
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Iron Mountain Incorporated IRM $128.31 $40.43 -68%
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SBA Communications Corporation SBAC $173.57 $143.83 -17%
Weyerhaeuser Company WY $23.94 $8.62 -64%
Lamar Advertising Company LAMR $159.46 $102.70 -36%
Gaming and Leisure Properties, Inc GLPI $45.17 $36.60 -19%
Rayonier Inc RYN $21.58 $9.96 -54%

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Frequently asked questions

Is AM Locales Property SOCIMI, S.A (YAML) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of €2.90 versus a price of €21.80, about −87% (overvalued).
What is the fair value of YAML?
Our model-based fair value for AM Locales Property SOCIMI, S.A is €2.90 (as of Jul 17, 2026), built from audited fundamentals. The current price is €21.80.
What is the quality score of YAML?
AM Locales Property SOCIMI, S.A has a Quality Score of 49/100. 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 AM Locales Property SOCIMI, S.A (YAML)?
AM Locales Property SOCIMI, S.A reported trailing-twelve-month revenue of about €8.1M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of YAML?
The net profit margin of AM Locales Property SOCIMI, S.A is about 32.7%, meaning it keeps roughly 32.7% of revenue as net income. Based on the latest reported figures.
Does AM Locales Property SOCIMI, S.A pay a dividend?
AM Locales Property SOCIMI, S.A currently shows a dividend yield of about 1.95% relative to its recent price (as of Jul 17, 2026).

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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