Meliá Hotels (MEL): analysis in plain words
Is Meliá Hotels cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Meliá Hotels (MEL) is listed on the Madrid Stock Exchange and we classify it in travel, leisure and gaming. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Meliá Hotels according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Meliá Hotels (MEL) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €10.67 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 14.0x | Price over earnings per share |
| Revenue growth | +8.7% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 4.1% | Profit for every 100 of sales |
| Net debt / EBITDA | 4.1x | Years of operating profit to repay debt |
| Dividend yield | 1.65% | Annual dividend over price |
| Market cap | €2.4 billion | What the stock market values it at |
The Meliá Hotels figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any MEL figure that is not available shows as N/A: we do not estimate it.
How Meliá Hotels makes money
Meliá Hotels earns from hotels it owns or leases, keeping room and food revenue, and from third-party hotels it manages or franchises for fees. Its brands include Gran Meliá, ME by Meliá, Paradisus, Meliá, INNSiDE and Sol, with Spain and the Caribbean as key regions.
Over the last 12 months, Meliá Hotels brought in revenue of €2.1 billion. For every 100 it sells, Meliá Hotels keeps 53.3 after the direct cost of what it sells (gross margin) and 17.2 after all operating costs (operating margin).
Meliá Hotels against its sector
To know whether a Meliá Hotels figure is high or low you have to put it next to similar companies. This table compares Meliá Hotels with the median of the 13 travel, leisure and gaming companies Fintols covers, with data as of November 4, 2026.
| Figure | Meliá Hotels | travel, leisure and gaming median |
|---|---|---|
| P/E | 14.0x | 17.8x (13) |
| Revenue growth | +8.7% | +8.8% (14) |
| Net margin | 4.1% | 11.6% (14) |
| Dividend yield | 1.65% | 1.31% (14) |
| Net debt / EBITDA | 4.1x | 2.8x (14) |
In short, against the typical travel, leisure and gaming company, Meliá Hotels trades on a lower P/E, earns a thinner margin and pays a higher dividend yield. By size, Meliá Hotels ranks number 3 of 3 travel, leisure and gaming companies quoted in EUR on Fintols.
The bull case for Meliá Hotels
What works in favour of Meliá Hotels, according to its figures as of November 4, 2026:
- Meliá Hotels generates real cash: €190 million of free cash flow over 12 months, 8.1% of its stock market value.
- Meliá Hotels earns 17.1% a year on its shareholders' money (return on equity).
The main risk for Meliá Hotels
Debt is heavy: Meliá Hotels carries net debt equal to 4.1x its annual EBITDA. With high interest rates or a weak year, interest payments eat into what it can invest or pay out.
And, like the rest of travel, leisure and gaming, Meliá Hotels is exposed to people travelling and spending less on leisure if the economy worsens, plus fuel prices.
Frequently asked questions about Meliá Hotels
Is it a good time to buy Meliá Hotels stock?
Fintols does not tell you whether to buy or sell Meliá Hotels, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Meliá Hotels stock trades at €10.67, 15% below its 52-week high (€12.53) and 58% above its low (€6.74). Its P/E is 14.0x against a travel, leisure and gaming median of 17.8x, and 13.1x on the earnings analysts expect over the next 12 months. With Meliá Hotels, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Meliá Hotels pay a dividend?
Yes. As of November 4, 2026, Meliá Hotels pays €0.17 per share a year, which at today's price is a yield of 1.65%. It uses 23% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is Meliá Hotels stock expensive?
It depends on what you compare it with. On P/E, Meliá Hotels trades at 14.0x its last 12 months of earnings: cheaper than the travel, leisure and gaming median (17.8x). A high P/E alone does not make Meliá Hotels expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Meliá Hotels's competitors?
On Fintols we compare Meliá Hotels with Delta Air Lines, United Airlines and Carnival, which are also in travel, leisure and gaming. As of November 4, 2026, Delta Air Lines is worth $58.7 billion and trades on a P/E of 17.8; United Airlines is worth $37.6 billion and trades on a P/E of 10.6; Carnival is worth $42.1 billion and trades on a P/E of 13.8. Each has a side-by-side comparison with Meliá Hotels below.
Meliá Hotels competitors
- Delta Air Lines (DAL) analysis · Meliá Hotels vs Delta Air Lines comparison
- United Airlines (UAL) analysis · Meliá Hotels vs United Airlines comparison
- Carnival (CCL) analysis · Meliá Hotels vs Carnival comparison
To understand Meliá Hotels better
- How to Read a Balance Sheet: A Beginner's Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Meliá Hotels: travel, leisure and gaming stocks and IBEX 35 companies. Open the full MEL analysis with its valuation and scenarios. Educational content about Meliá Hotels, not investment advice.