HOME Stock Analysis: Neinor Homes SLU | MC
Real Estate - Development | MC, Spain | Market Cap: 1.538m EUR | 12M Return: -5.2% | ES0105251005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.63M
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Neinor Homes, S.A. is a Spanish homebuilder engaged in developing, promoting, renting, and managing residential real estate in Spain. The company operates through three business segments: Development, Assets Management, and Rental, and pursues a land-banking strategy by acquiring residential land for future development. Founded in 1988, the company is headquartered in Bilbao, Spain, and is listed on the Madrid Stock Exchange under the ticker HOME. As a GICS-classified Homebuilding company, it operates in the Consumer Discretionary sector and is part of Spains residential property market, where developers typically generate revenue through the sale and, increasingly, the rental of newly built homes.
- ECB rate cuts lift Spanish mortgage demand and pre-sales
- Rental segment scales on build-to-rent pipeline expansion
- Construction cost inflation pressures gross margins across developments
| Net Income: 132.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 8.26 > 1.0 |
| NWC/Revenue: 11.41% < 20% (prev 513.9%; Δ -502.4% < -1%) |
| CFO/TA 0.08 > 3% & CFO 285.3m > Net Income 132.5m |
| Net Debt (991.0m) to EBITDA (137.8m): 7.19 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (97.3m) vs 12m ago 30.71% < -2% |
| Gross Margin: 24.10% > 18% (prev 37.21%; Δ -13.11% > 0.5%) |
| Asset Turnover: 46.63% > 50% (prev 12.07%; Δ 34.56% > 0%) |
| Interest Coverage Ratio: 2.09 > 6 (EBIT TTM 131.2m / Interest Expense TTM 62.8m) |
| A: 0.04 (Total Current Assets 679.9m - Total Current Liabilities 538.7m) / Total Assets 3.49b |
| B: 0.00 (Retained Earnings 12.4m / Total Assets 3.49b) |
| C: 0.05 (EBIT TTM 131.2m / Avg Total Assets 2.66b) |
| D: 0.43 (Book Value of Equity 1.05b / Total Liabilities 2.42b) |
| Altman-Z'' = 1.06 = BB |
| DSRI: 0.36 (Receivables 132.8m/64.7m, Revenue 1.24b/219.3m) |
| GMI: 1.54 (GM 37.21% / 24.10%) |
| AQI: 7.06 (AQ_t 0.80 / AQ_t-1 0.11) |
| SGI: 5.65 (Revenue 1.24b / 219.3m) |
| TATA: -0.04 (NI 132.5m - CFO 285.3m) / TA 3.49b) |
| Beneish M = 3.86 (Cap -4..+1) = D |
As of August 07, 2026, the stock is trading at EUR 15.55 with a total of 244,172 shares traded. Over the past week, the price has changed by -1.14%, over one month by -12.84%, over three months by -3.77% and over the past year by -5.21%.
Current recommended Stop Loss: 15.00 (which is 3.5% or 1.3 ATR below the current price).
Neinor Homes SLU has no consensus analysts rating.
P/E Trailing = 10.2129
P/E Forward = 7.7399
P/S = 1.2454
P/B = 1.3425
Revenue TTM = 1.24b EUR
EBIT TTM = 131.2m EUR
EBITDA TTM = 137.8m EUR
Long Term Debt = 988.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 538.7m EUR (from shortTermDebt, last quarter)
Debt = 1.54b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.38m
Net Debt = 991.0m EUR (calculated: Debt 1.54b - CCE 547.1m)
Enterprise Value = 2.53b EUR (1.54b + Debt 1.54b - CCE 547.1m)
Interest Coverage Ratio = 2.09 (Ebit TTM 131.2m / Interest Expense TTM 62.8m)
EV/FCF = 8.88x (Enterprise Value 2.53b / FCF TTM 284.9m)
FCF Yield = 11.26% (FCF TTM 284.9m / Enterprise Value 2.53b)
FCF Margin = 23.00% (FCF TTM 284.9m / Revenue TTM 1.24b)
Net Margin = 10.70% (Net Income TTM 132.5m / Revenue TTM 1.24b)
Gross Margin = 24.10% ((Revenue TTM 1.24b - Cost of Revenue TTM 939.8m) / Revenue TTM)
Gross Margin QoQ = 23.42% (prev 24.94%)
Tobins Q-Ratio = 0.72 (Enterprise Value 2.53b / Total Assets 3.49b)
Interest Expense / Debt = 4.09% (Interest Expense 62.8m / Debt 1.54b)
Taxrate = 18.42% (29.9m / 162.6m)
NOPAT = 107.1m (EBIT 131.2m * (1 - 18.42%))
Current Ratio = 1.26 (Total Current Assets 679.9m / Total Current Liabilities 538.7m)
Debt / Equity = 1.47 (Debt 1.54b / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = 7.19 (Net Debt 991.0m / EBITDA 137.8m)
Debt / FCF = 3.48 (Net Debt 991.0m / FCF TTM 284.9m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.99% (Net Income 132.5m / Total Assets 3.49b)
RoE = 12.65% (Net Income TTM 132.5m / Total Stockholder Equity 1.05b)
RoCE = 6.45% (EBIT 131.2m / Capital Employed (Equity 1.05b + L.T.Debt 988.4m))
RoIC = 3.12% (NOPAT 107.1m / Invested Capital 3.43b)
WACC = 4.85% (E(1.54b)/V(3.08b) * Re(6.36%) + D(1.54b)/V(3.08b) * Rd(4.09%) * (1-Tc(0.18)))
Discount Rate = 6.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.37 | Cagr: 12.45%
[DCF] Terminal Value 75.44% ; FCFF base≈284.9m ; Y1≈286.0m ; Y5≈303.0m
[DCF] Fair Price = 38.30 (EV 4.71b - Net Debt 991.0m = Equity 3.72b / Shares 97.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -10.64 | Revenue CAGR: -2.67% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=1.16 | Chg30d=-18.04% | Revisions=-25% | GrowthEPS=+65.7% | GrowthRev=+140.9%
EPS next Year (2027-12-31): EPS=1.51 | Chg30d=-10.23% | Revisions=-25% | GrowthEPS=+30.5% | GrowthRev=-7.8%
[Analyst] Revisions Ratio: -40% (up=0, down=2)