AEDAS Homes SA (AEDAS) AI Stock Analysis

• Market Cap: €983.76M
• Dividend Yield: 16.98%
• Average Volume (3M): 50.75K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.52
• Revenue Growth: -1.95%
• EPS Growth: 11.63%
• Country: ES
• Employees: 322
• Sector: Real Estate
• Sector Strength: 53
• Industry: Residential Construction
• EPS (TTM): 0.47
• 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: 0.42% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: €26.00 ▲(8.79% Upside)

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 has showcased robust financial performance with strong revenue and profit growth, efficient cost management, and outstanding cash flow generation. The company's income statement and cash flow scores are particularly strong, indicating excellent operational performance and liquidity. The balance sheet is stable, though there is room for optimizing leverage.

Income Statement

AEDAS Homes SA demonstrated strong revenue growth, with a notable increase of 24.43% from the previous year. The company maintained a healthy gross profit margin of 22.41% and a net profit margin of 9.51%, indicating efficient cost management and profitability. The EBIT margin stood at 14.97%, showcasing operational efficiency, and the EBITDA margin was 16.89%, highlighting strong earnings before interest, taxes, depreciation, and amortization. Overall, the income statement reflects robust profitability and growth trajectory.

Balance Sheet

The balance sheet of AEDAS Homes SA shows a moderate debt-to-equity ratio of 0.60, suggesting a balanced approach to leverage. The return on equity (ROE) was 11.70%, indicating effective use of equity to generate profits. The equity ratio of 46.22% implies a stable financial position, with a significant portion of assets financed by equity. While the company has a solid equity base, there is room for improvement in optimizing debt levels further.

Cash Flow

AEDAS Homes SA exhibited impressive cash flow management, with a significant turnaround in operating cash flow from negative in the previous year to a positive €236.3 million. The free cash flow showed a substantial growth rate, reflecting improved cash generation capabilities. The operating cash flow to net income ratio of 2.17 indicates strong cash flow relative to net income, while the free cash flow to net income ratio of 2.14 further underscores the company's strong cash flow performance. Overall, the cash flow statement highlights excellent liquidity and operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.16B	1.16B	1.14B	919.81M	765.62M	671.95M
Gross Profit	248.85M	248.85M	256.49M	241.33M	222.25M	188.97M
EBITDA	161.55M	206.02M	193.31M	176.01M	149.96M	133.21M
Net Income	149.72M	149.72M	108.88M	105.07M	93.13M	85.10M
Balance Sheet
Total Assets	2.23B	2.23B	2.01B	1.97B	1.90B	1.69B
Cash, Cash Equivalents and Short-Term Investments	360.01M	360.01M	241.42M	197.66M	189.01M	138.62M
Total Debt	618.56M	618.56M	558.64M	505.59M	467.23M	355.34M
Total Liabilities	1.24B	1.24B	1.08B	999.32M	922.37M	692.68M
Stockholders Equity	985.10M	985.10M	930.52M	969.10M	975.92M	992.42M
Cash Flow
Free Cash Flow	176.72M	176.72M	232.75M	-26.03M	7.04M	-55.59M
Operating Cash Flow	191.32M	191.32M	236.30M	-20.16M	9.95M	-54.49M
Investing Cash Flow	-57.91M	-57.91M	-91.23M	4.11M	-42.41M	-4.33M
Financing Cash Flow	-79.22M	-79.22M	-100.01M	20.77M	86.31M	108.88M

AEDAS Homes SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:AEDAS, the sentiment is Positive. The current price of 23.9 is above the 20-day moving average (MA) of 23.89, above the 50-day MA of 23.13, and above the 200-day MA of 22.64, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 66.12 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	€983.76M	7.11	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	€1.91B	26.11	5.74%	16.56%	-19.93%	-42.19%
MVC	56 Neutral	€1.52B	95.90	―	17.21%	―	―