AEDAS Homes SA (AEDAS) AI Stock Analysis

• Market Cap: €965.24M
• Dividend Yield: 16.98%
• Average Volume (3M): 50.75K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.54
• Revenue Growth: -1.95%
• EPS Growth: 11.63%
• Country: ES
• Employees: 322
• Sector: Real Estate
• Sector Strength: 53
• Industry: Residential Construction
• EPS (TTM): N/A
• Shares Outstanding: 43,700,000
• 10 Day Avg. Volume: 105,752
• 30 Day Avg. Volume: 50,749
• PEG Ratio: 0.19
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 6.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €24.00
• Price Target Upside: 2.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 2.04
• Revenue Forecast (FY): €1.02B

• Rating: 72 Outperform
• Price Target: €26.00 ▲(10.87% Upside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

AEDAS Homes SA's stock is supported by strong valuation metrics, including a low P/E ratio and high dividend yield, which are significant positives. Technical indicators are generally favorable, although the high RSI suggests caution. Financial performance is solid in terms of profitability but is offset by declining revenue and cash flow challenges.

Positive Factors

Profitability

Strong profitability margins indicate efficient operations and the ability to maintain healthy earnings, supporting long-term business sustainability.

Market Position

AEDAS's focus on diverse residential projects across major Spanish cities strengthens its market position and aligns with urbanization trends.

Economies of Scale

Economies of scale enable AEDAS to reduce costs and enhance margins, providing a competitive advantage in the residential construction industry.

Negative Factors

Revenue Decline

A significant decline in revenue growth could indicate weakening demand or market saturation, potentially impacting future earnings.

Cash Flow Management

Poor cash flow conversion can hinder liquidity and limit the company's ability to reinvest in growth opportunities or manage debt effectively.

Rising Costs

Decreasing gross margins may reflect rising costs or pricing pressures, which could erode profitability if not managed effectively.

AEDAS Homes SA Business Overview & Revenue Model

Company Description

Aedas Homes, S.A. engages in the development of residential homes in Spain. It focuses on multi- and single-family homes. The company was incorporated in 2016 and is based in Madrid, Spain. Aedas Homes, S.A. operates as a subsidiary of Hipoteca 43 Lux S.a.R.L.

How the Company Makes Money

AEDAS generates revenue primarily through the sale of residential properties, which includes both new constructions and developments. The company's revenue model is supported by several key revenue streams, including the sale of homes, commercial leases, and land development projects. AEDAS strategically identifies high-demand areas for residential developments, ensuring that their projects align with market trends and customer preferences. Additionally, partnerships with financial institutions and real estate agencies enhance their market reach and facilitate sales processes. The company also benefits from economies of scale in construction, allowing them to optimize costs while maintaining quality, which contributes positively to their profit margins.

AEDAS Homes SA Financial Statement Overview

Summary

AEDAS Homes SA demonstrates strong profitability with a net profit margin of 12.95% and an EBIT margin of 17.37%. However, the company faces challenges in revenue growth with a decline of -19.24% and cash flow management issues, as indicated by a low operating cash flow to net income ratio of 0.21.

Income Statement

AEDAS Homes SA has shown a decline in revenue growth with a negative rate of -19.24% in the latest year, indicating a potential slowdown in sales. However, the company maintains a healthy net profit margin of 12.95% and an EBIT margin of 17.37%, reflecting strong operational efficiency. The gross profit margin has slightly decreased over the years, which could suggest rising costs or pricing pressures.

Balance Sheet

The company's debt-to-equity ratio stands at 0.63, indicating a moderate level of leverage which is typical for the industry. Return on equity is solid at 15.20%, showing effective use of shareholder funds to generate profits. The equity ratio is stable, suggesting a balanced approach to financing assets through equity.

Cash Flow

AEDAS Homes SA faces challenges in cash flow management, with a significant drop in free cash flow growth. The operating cash flow to net income ratio is low at 0.21, indicating potential issues in converting profits into cash. However, the free cash flow to net income ratio is relatively high at 0.92, suggesting that the company is still able to generate cash relative to its net income.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.16B	1.14B	919.81M	765.62M	671.95M
Gross Profit	248.85M	256.49M	241.33M	222.25M	188.97M
EBITDA	206.02M	193.31M	176.01M	149.96M	133.21M
Net Income	149.72M	108.88M	105.07M	93.13M	85.10M
Balance Sheet
Total Assets	2.23B	2.01B	1.97B	1.90B	1.69B
Cash, Cash Equivalents and Short-Term Investments	360.01M	241.42M	197.66M	189.01M	138.62M
Total Debt	618.56M	558.64M	505.59M	467.23M	355.34M
Total Liabilities	1.24B	1.08B	999.32M	922.37M	692.68M
Stockholders Equity	985.10M	930.52M	969.10M	975.92M	992.42M
Cash Flow
Free Cash Flow	176.72M	232.75M	-26.03M	7.04M	-55.59M
Operating Cash Flow	191.32M	236.30M	-20.16M	9.95M	-54.49M
Investing Cash Flow	-57.91M	-91.23M	4.11M	-42.41M	-4.33M
Financing Cash Flow	-79.22M	-100.01M	20.77M	86.31M	108.88M

AEDAS Homes SA Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 23.45
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:AEDAS, the sentiment is Neutral. The current price of 23.45 is below the 20-day moving average (MA) of 23.94, below the 50-day MA of 23.92, and above the 200-day MA of 22.55, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 29.57 is Positive, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:AEDAS.

AEDAS Homes SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEDAS	72 Outperform	€965.24M	7.10	16.56%	16.98%	-1.95%	11.63%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HOME	62 Neutral	€1.79B	12.99	5.74%	16.56%	-19.93%	-42.19%
MVC	56 Neutral	€1.87B	34.66	―	17.21%	―	―