olivLaw · European equity research
NYESA VALORES CORPORACIÓN, S.A. NYE.MC
Spain · BME Madrid · ISIN ES0150480194 · Vertical: Listed companies from Spain
NYESA VALORES CORPORACIÓN is a listed Spanish group whose annual report for fiscal 2025 shows activity concentrated in Costa Rica and Russia and a strained financial position, marked by a convenio de acreedores and asset impairments. Its relevance now lies in its ability to meet commitments to creditors, the trajectory of real estate asset values, and its exposure to the Ukraine conflict through subsidiary Marma, S.A.
At the close of 05 Nov 2026, NYESA VALORES CORPORACIÓN, S.A. (NYE.MC) stock was 0.00 EUR (−3.57% on the day), with beta 0.48, 52-week range 0.00–0.01 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 33.3
- weak (30–45)
- Bollinger (20, 2)
- 0.00 – 0.00
- in the lower half of the band · %B 0.02 · band width 14.7%
- SMA 50 / 200
- 0.00 / 0.00
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.9% | −0.6% | −6.2 pp | — |
| 3 months | −32.5% | −4.2% | −28.3 pp | — |
| 6 months | −47.1% | +4.3% | −51.4 pp | — |
| Year to date | −65.4% | +7.5% | −72.9 pp | — |
| 1 year | −67.9% | +9.9% | −77.8 pp | +6.7% |
| 3 years | −46.0% | +49.8% | −95.8 pp | +31.5% |
| 5 years | −95.6% | +42.8% | −138.5 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3.0 m | 4.6 m | 6.7 m |
| Revenue YoY | unavailable | +54.2% | +45.6% |
| Net income | -13.7 m | -5.9 m | 330.0 k |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | 0.00 | 0.00 | 0.00 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -458.5% | -129.4% | 4.9% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 98.7 k EUR
- Financial debt
- 5.0 m EUR
- Net debt
- 4.9 m EUR
- Equity
- 19.2 m EUR
- Total assets
- 50.1 m EUR
- Debt / equity
- 0.26x
- Current ratio
- 0.76x
- ROE
- unavailable
- ROA
- 0.7%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 3.0 m | 4.6 m | 6.7 m | esef· 20 Oct 2026verified |
| Operating income | -13.2 m | -4.3 m | 519.1 k | esef· 20 Oct 2026verified |
| Depreciation & amortisation | 153.8 k | 118.4 k | 221.6 k | esef· 20 Oct 2026verified |
| EBITDA | -13.0 m ≈ | -4.2 m ≈ | 740.6 k ≈ | esef· 20 Oct 2026derived |
| Interest expense | 2.1 m | 1.4 m | 2.5 m | esef· 20 Oct 2026verified |
| Pre-tax income | -15.2 m | -5.7 m | 1.1 m | esef· 20 Oct 2026verified |
| Income tax | -1.5 m | 210.9 k | 478.1 k | esef· 20 Oct 2026verified |
| Net income | -13.7 m | -5.9 m | 330.0 k | esef· 20 Oct 2026verified |
| Diluted EPS | 0.00 | 0.00 | 0.00 | esef· 20 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 139.9 k | 102.3 k | 98.7 k | esef· 20 Oct 2026verified |
| Receivables | 2.9 m | 4.4 m | 2.1 m | esef· 20 Oct 2026verified |
| Inventories | 8.4 m | 9.0 m | 10.6 m | esef· 20 Oct 2026verified |
| Current assets | 12.3 m | 15.8 m | 14.8 m | esef· 20 Oct 2026verified |
| Property, plant & equipment, net | 3.5 m | 3.7 m | 13.1 m | esef· 20 Oct 2026verified |
| Intangibles (excl. goodwill) | 2.6 m | 2.6 m | 3 | esef· 20 Oct 2026verified |
| Total assets | 39.4 m | 39.9 m | 50.1 m | esef· 20 Oct 2026verified |
| Accounts payable | 1.8 m | 2.1 m | 622.1 k | esef· 20 Oct 2026verified |
| Short-term debt | 281.0 k | 13.4 m | — | esef· 08 May 2025verified |
| Long-term debt | 16.1 m | 5.3 m | 5.0 m | esef· 20 Oct 2026verified |
| Current liabilities | 15.1 m | 33.4 m | 19.6 m | esef· 20 Oct 2026verified |
| Equity | 665.5 k | -4.0 m | 19.2 m | esef· 20 Oct 2026verified |
Cash flow · EUR
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 1.5% | 14 (vs peers) | 28% |
| Net margin · Quality | 4.9% | 51 (vs peers) | 17% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 6.6x | 0 (on a fixed band) | 28% |
| Interest coverage · Balance sheet | 0.2x | 0 (on a fixed band) | 17% |
| Current ratio · Balance sheet | 0.8x | 0 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality28/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NYESA VALORES CORPORACION SA (NYE.MC). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 6.7 m EUR in 2025; YoY growth 45.6%; net margin 4.9%; ROE 5.2%; net debt/EBITDA 6.6x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: 1.5%
- Net debt / EBITDA: 6.6x
- Interest coverage: 0.2x
- Current ratio: 0.8x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Spain · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ELE.MCEndesa SA | 46.9 bn | 21.4 | 26.4% | 10.5% | +0.5% | +43% / +134% |
| AENA.MCAena S.m.e. SA | 42.6 bn | 19.9 | 24.2% | 34.0% | +8.9% | +21% / +79% |
| AMS.MCAmadeus It Group Sociedad Anonima | 26.2 bn | 19.8 | 26.9% | 20.5% | +6.1% | −6% / −5% |
| ACS.MCAcs Actividades De Construccion Y Servicios, S.A. | 21.9 bn | 23.0 | 19.9% | 1.9% | +19.7% | +7% / +134% |
| ANA.MCAcciona SA | 11.7 bn | 14.5 | 16.9% | 4.0% | +5.5% | +24% / +66% |
| FCC.MCFomento De Construcciones Y Contratas S.A. | 5.0 bn | 30.3 | 5.3% | 1.7% | +6.9% | −8% / −14% |
| DIA.MCDistribuidora Internacional De Alimentacion SA | 2.7 bn | 20.6 | 165.6% | 2.2% | −2.7% | +51% / +380,733% |
| CMO.MCCementos Molins S.A. | 2.5 bn | 13.6 | 14.3% | 18.0% | −3.1% | +31% / unavailable |
| ENO.MCElecnor SA | 2.4 bn | 21.9 | 10.5% | 2.5% | +15.1% | −3% / +58% |
| ALM.MCAlmirall S.A. | 2.4 bn | 51.1 | 3.1% | 4.2% | +12.4% | −11% / +32% |
| FAE.MCFaes Farma SA | 1.5 bn | 19.3 | 10.8% | 13.0% | +23.7% | +3% / +57% |
| AEDAS.MCAedas Homes SA | 1.0 bn | 17.1 | 57.8% | 7.0% | −24.8% | +0% / +38% |
| EDR.MCEdreams Odigeo SA | 574.4 m | 11.5 | 21.0% | 7.8% | −0.4% | +40% / −24% |
| EAT.MCAmRest Holdings SE | 506.0 m | 31.4 | 4.3% | 0.6% | +0.1% | −34% / −61% |
| ADX.MCAudax Renovables S.A. | 468.5 m | 23.9 | 9.3% | 1.0% | −5.4% | −23% / −18% |
| ATRY.MCAtrys Health, S.A. | 200.4 m | — | -49.5% | -71.1% | +8.5% | −3% / −29% |
| ENER.MCEcoener, S.A. | 175.6 m | 32.2 | 4.2% | 6.4% | +3.6% | −34% / −6% |
| ADZ.MCAdolfo Dominguez SA | 62.9 m | 38.3 | 9.0% | 1.2% | +1.8% | +39% / +40% |
| DESA.MCDesarrollos Especiales De Sistemas De Anclaje S.A. | 44.8 m | 9.2 | 152.3% | 10.0% | +2.2% | +19% / unavailable |
| EZE.MCGrupo Ezentis SA | 29.0 m | — | — | -9.3% | +147.2% | −30% / −37% |
| CLEO.MCCompañia Levantina De Edificacion Y Obras Publicas SA | 17.3 m | 14.4 | 4.1% | 3.4% | +13.4% | unavailable / unavailable |
| AYC.MCAyco Grupo Inmobiliario, S.A. | 16.4 m | — | -33.8% | — | −100.0% | unavailable / unavailable |
| EBRO.MCEbro Foods, S.A. | 3.0 m | 0.0 | 10.0% | 7.7% | −4.0% | −0% / +19% |
| A3M.MCAtresmedia Corporacion De Medios De Comunicacion, S.A. | — | — | 7.9% | 6.9% | −2.7% | +13% / +60% |
| ACX.MCAcerinox SA | — | — | -1.7% | -0.7% | +6.8% | +27% / +54% |
1- and 3-year price returns: for NYE.MC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
NYESA VALORES CORPORACIÓN is a listed Spanish group whose annual report for fiscal 2025 shows activity concentrated in Costa Rica and Russia and a strained financial position, marked by a convenio de acreedores and asset impairments. Its relevance now lies in its ability to meet commitments to creditors, the trajectory of real estate asset values, and its exposure to the Ukraine conflict through subsidiary Marma, S.A. 1
SWOT
Strengths
- The group holds real estate assets valued periodically by independent experts, giving a documented valuation basis 1.
- The cost of financing is stable, held at the same reference rate as the prior year 1.
- The internal control and governance system is organised through committees and documented procedures 1.
Weaknesses
Opportunities
- Revaluation of certain assets and property sales could generate cash to reduce debt, if transactions are completed 1.
- Compliance with the convenio de acreedores could strengthen creditor confidence and access to financing 1.
- Geographic diversification could reduce dependence on Russia and Costa Rica, if achieved 1.
Threats
Risks
- Breach of the convenio de acreedoreshigh
Non-compliance with the convenio de acreedores could compromise the company's viability, according to the assessment in the report 1.
- Overdue debt and negative working capitalhigh
Overdue unpaid debt and negative working capital could limit repayment capacity in the coming period 1.
- Exposure to Russiahigh
Sanctions and sale rules could reduce recovery of the Russian investment and could generate further losses 1.
- Decline in real estate asset valuesmedium
A further fall in real estate values could lead to additional value corrections in the financial statements 1.
- Interest rate and exchange rate variationmedium
Changes in interest rates and exchange rates could affect the cost of debt and consolidated results 1.
Investment thesis
What would need to be true (bull case)
- If the convenio de acreedores is respected and asset sales are completed, the group could reduce debt and stabilise its financial position 1.
- Real estate assets valued periodically by experts could support asset value, if the market holds its level 1.
- The limited effect of the conflict on the Russian subsidiary's operations, according to the board's estimate, could allow activity there to continue 1.
What to watch
- Compliance with the convenio de acreedores and the overdue debt position2026
- Evolution of sanctions and the value of Russian investments2026
- Outcome of annual real estate asset valuationsnext annual report
- Completion or resolution of the Hotel Cala Real sale2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
According to the annual report for the year ended 31 December 2025, NYESA VALORES CORPORACIÓN, S.A. and its subsidiaries form a group consolidated by full integration. Its activities include a portfolio of real estate assets, including investment properties measured at fair value by independent experts 1. The group also mentions a hotel activity and the risk of possible resolution of the sale of the Hotel Cala Real 1.
The financing structure is shaped by a cost of capital and a leverage target intended to keep the desired credit rating, taking into account country risk, tax efficiency and volatility of cash generation 1. The company has a convenio de acreedores, and the risk of its non-compliance is identified as capable of compromising the company's viability 1.
On governance, the Board of Directors has delegated to the Audit and Compliance Committee the supervision of the financial reporting process, while the Board remains ultimately responsible for the internal control over financial reporting (SCIIF) 1.
Segments
Real estate investments and hotel assets
Real estate assets are valued annually by independent experts, and the group recorded impairment adjustments linked to a fall in the value of certain properties in fiscal 2025 1. The hotel activity is tied to an asset under sale, whose risks are described in the report 1.
Russian subsidiary Marma, S.A.
Subsidiary Marma, S.A. has been affected by the conflict between Ukraine and the Russian Federation and by sanctions imposed on investments by companies from countries considered unfriendly; the board estimates that the operational effect remains very limited, apart from a significant impairment of the Russia investment 1.
Activity in Costa Rica
The report identifies the concentration of activity in Costa Rica and Russia as a specific risk of the company, without detailing in the source a separate contribution of this area to results 1.
Market context
The source provided does not contain data on the size of the real estate or hotel market in which the group operates; the analysis is limited to information in the annual report 1.
The reference rate used for financial liabilities and for the financial effect of waiting is 7.73%, the same value as the prior year, ratified by an independent expert 1.
Trends
- Sanctions and restrictions in Russiaheadwind
Russian rules on the sale of assets owned by companies from unfriendly countries could reduce the recoverable value of investments, which has already led to a significant impairment 1.
- Revaluation of the roubletailwind
The revaluation of the rouble increased the value of investments in Moscow, a limited positive effect in fiscal 2025 1.
- Decline in real estate valuesheadwind
The fall in the value of certain real estate assets led to value corrections, and a further annual valuation could lead to additional adjustments 1.
- Access to financing and restructuringmixed
Financial support from creditor entities and compliance with the convenio de acreedores could underpin business continuity if conditions hold 1.
Competitive position
The source provided does not identify the group's competitors and gives no comparative market data; any comparison would require additional documents 1.
Competitive positioning cannot be assessed from the annual report, which focuses on financial position and the company's risks 1.
- No competitors identified in the source
The source does not mention comparable companies.
- Other Spanish real estate groups
Not mentioned in the source; positioning cannot be verified.
- Hotel operators in Costa Rica
Not identified in the report; including them would require additional sources.
- Investors in Russia
Not mentioned in the source and cannot be evaluated from it.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202520 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / NYESA VALORES CORPORACIÓN, S.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.