Neinor Homes (HOME) AI Stock Analysis

• Market Cap: €1.56B
• Dividend Yield: 17.6%
• Average Volume (3M): 316.49K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.21
• Revenue Growth: -16.61%
• EPS Growth: -31.62%
• Country: ES
• Employees: 356
• Sector: Real Estate
• Sector Strength: 61
• Industry: Residential Construction
• EPS (TTM): N/A
• Shares Outstanding: 89,962,500
• 10 Day Avg. Volume: 180,851
• 30 Day Avg. Volume: 316,485
• PEG Ratio: 4.40
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.54
• 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: €18.45
• Price Target Upside: 5.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 70 Outperform
• Price Target: €19.50 ▲(11.81%Upside)

The stock benefits from strong technical momentum and an attractive dividend yield, despite a relatively high P/E ratio. Financial performance indicates stability with strong profit margins, though growth challenges persist. These factors suggest a cautious optimism for the stock's prospects.

Neinor Homes Business Overview & Revenue Model

Company Description

Neinor Homes, S.A., together with its subsidiaries, develops, promotes, rental, and manages real estate properties in Spain. The company operates through Legacy, Development, Assets Management-Servicing, and Rental segments. Its land portfolio consists of 160 lots with a total of 9.700 buildable units in Madrid, Catalonia, the Basque Country, Valencia, and Andalusia. Neinor Homes, S.A. was founded in 1988 and is headquartered in Bilbao, Spain.

How the Company Makes Money

Neinor Homes generates revenue through the development and sale of residential properties. The company's primary revenue stream comes from the sale of newly built homes, which involves acquiring land, developing residential projects, and selling these properties to individual buyers or investors. Additionally, Neinor Homes may engage in partnerships with financial institutions and other real estate developers to enhance their project offerings and expand their market presence. The company also benefits from favorable market conditions in Spain's real estate sector, such as increasing demand for new housing and supportive government policies, which contribute to its earnings.

Neinor Homes Financial Statement Overview

Summary

Overall financial stability is supported by strong profit margins and efficient cash generation. However, challenges include declining revenues and equity, which may affect growth and value retention. Low leverage provides a solid foundation to manage market fluctuations.

Income Statement

The income statement shows declining revenue over recent years, with a revenue decrease from 2023 to 2024. However, the company maintains a stable gross profit margin of approximately 31.5% in 2024. The net profit margin slightly improved to 12.7% in 2024, reflecting efficient cost management. However, the negative revenue growth and reduced EBIT margin indicate challenges in growing sales and maintaining operational efficiency.

Balance Sheet

The balance sheet is relatively strong with a low debt-to-equity ratio of 0.23 in 2024, reflecting conservative leverage. The equity ratio is also healthy at 49.8%, indicating a strong equity base compared to total assets. However, declining stockholders' equity from 2023 to 2024 suggests potential concerns in value retention.

Cash Flow

The cash flow statement indicates a significant improvement in free cash flow from 2023 to 2024, driven by strong operating cash flow. The operating cash flow to net income ratio is favorable, suggesting efficient cash generation from operations. However, the free cash flow growth rate is moderate, and the investing cash flow remains negative, which could impact future growth investments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	486.69M	590.63M	765.29M	914.30M	572.80M
Gross Profit	153.23M	181.19M	208.99M	242.99M	159.07M
EBITDA	104.12M	132.72M	120.68M	148.78M	101.92M
Net Income	62.01M	90.63M	96.27M	103.03M	70.12M
Balance Sheet
Total Assets	1.73B	1.65B	1.78B	1.97B	1.56B
Cash, Cash Equivalents and Short-Term Investments	375.17M	197.78M	227.82M	283.33M	272.41M
Total Debt	194.29M	387.89M	197.37M	557.07M	336.75M
Total Liabilities	863.59M	667.61M	850.97M	1.02B	698.06M
Stockholders Equity	858.74M	975.37M	927.17M	943.38M	860.61M
Cash Flow
Free Cash Flow	103.52M	9.88M	148.30M	224.46M	133.86M
Operating Cash Flow	105.04M	10.51M	151.56M	225.20M	134.67M
Investing Cash Flow	-24.00M	81.00M	-21.82M	-43.78M	-22.69M
Financing Cash Flow	92.31M	-130.69M	-211.85M	-141.99M	-15.18M

Neinor Homes Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.44
• 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:HOME, the sentiment is Positive. The current price of 17.44 is above the 20-day moving average (MA) of 16.96, above the 50-day MA of 15.60, and above the 200-day MA of 14.34, indicating a bullish trend. The MACD of 0.57 indicates Positive momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 42.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:HOME.

Neinor Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HOME	70 Outperform	€1.56B	21.03	6.76%	17.60%	-16.61%	-31.62%
Sector *	64 Neutral	$6.87B	17.44	-1.93%	6.95%	4.65%	-24.33%
0RID	―	€3.77B	11.40	5.79%	4.85%	―	―
0KBV	―	€1.38B	20.80	3.13%	5.35%	―	―
MRPRF	―	$7.84B	22.79	4.25%	0.21%	―	―
1QK	―	€882.91M	6.15	15.63%	34.13%	―	―
MVC	60 Neutral	€1.54B	97.81		7.78%	―	―

Neinor Homes Corporate Events

Neinor Homes Announces Voluntary Public Offer to Acquire Aedas Homes

Neinor DMP BidCo, S.A.U., a subsidiary of Neinor Homes, has announced a voluntary public offer to acquire 100% of the share capital of Aedas Homes, S.A. This acquisition is subject to approval by the National Securities Market Commission and involves significant shareholder commitments from major stakeholders in Neinor. The move is expected to strengthen Neinor’s position in the Spanish real estate market by expanding its portfolio and influence.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes Announces Transformational Corporate Transaction

Neinor Homes has announced a significant corporate transaction and scheduled a webcast and video conference to discuss the details. This move is expected to have a transformative impact on the company’s operations, potentially enhancing its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes in Talks for Potential Acquisition of Aedas Homes

Neinor Homes, a company in the real estate sector, is in discussions to potentially acquire all shares of Aedas Homes, as communicated by Aedas’ majority shareholder, Hipoteca 43 Lux. The negotiations are under a confidentiality agreement, and Aedas has provided limited access to its information for due diligence purposes. There is no certainty or decision yet regarding the offer or its terms.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes Engages in Strategic Discussions with Castlelake

Neinor Homes is in discussions with Castlelake, L.P. regarding a potential corporate operation involving AEDAS Homes, though no decisions have been made. The company remains committed to its growth strategy in Spain’s residential market, aiming to enhance shareholder value and solidify its leading position in the sector.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes Announces Share Capital Reduction

Neinor Homes has announced a reduction in share capital by approximately 30.7 million euros, decreasing the nominal value of its shares. This move, approved by the shareholders, adjusts the company’s share capital to 385.3 million euros, potentially impacting its financial structure and shareholder value.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR17.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes Announces Share Capital Reduction

Neinor Homes has announced a reduction in its share capital by 30,737,187.91 euros, which has been registered in the Commercial Registry of Bizkaia. This move, approved by the shareholders in March 2025, adjusts the nominal value of the company’s shares and sets the new share capital at 385,339,380.14 euros, potentially impacting shareholder value and market positioning.

The most recent analyst rating on (ES:HOME) stock is a Buy with a EUR13.00 price target. To see the full list of analyst forecasts on Neinor Homes stock, see the ES:HOME Stock Forecast page.

Neinor Homes Announces Strategic Asset Sales and Management Continuation

Neinor Homes has announced the sale of shares in Europa Rental Homes PropCo and Sundowner Holding Iberia to a company managed by Round Hill, involving properties in Guadalajara and Seville. Additionally, Neinor has agreed to sell three rental buildings in Málaga, Valencia, and Alicante to Global Hesperides, linked to 1810 Capital Investments, for up to 50 million euros, with the transaction expected to complete by December 2025. Despite these sales, Neinor will continue managing the properties under existing contracts, indicating a strategic shift while maintaining operational involvement.