(HOME) Neinor Homes SLU - Overview
Exchange: MC •
Country: Spain •
Currency: EUR •
Type: Common Stock •
ISIN: ES0105251005
Stock: Residential, Development, Rental, Land
Total Rating 47
Risk 61
Buy Signal -0.32
| Risk 5d forecast | |
|---|---|
| Volatility | 24.1% |
| Relative Tail Risk | -10.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.11 |
| Alpha | 35.38 |
| Character TTM | |
|---|---|
| Beta | -0.100 |
| Beta Downside | -0.050 |
| Drawdowns 3y | |
|---|---|
| Max DD | 19.84% |
| CAGR/Max DD | 2.18 |
Description: HOME Neinor Homes SLU February 18, 2026
Neinor Homes S.A. (ticker HOME) is a Spanish residential developer that designs, builds, sells, rents, and manages housing across eight regions-including Madrid, Catalonia, and the Basque Country-through its Development, Asset Management, Servicing, and Rental business lines.
In FY 2023 the group generated €1.22 billion of revenue and €118 million of net profit, underpinned by a land bank of roughly 1.5 million sqm and a pipeline of about 7,000 units slated for delivery through 2025. The average selling price of its new homes was €255 k, while its rental portfolio delivered a weighted occupancy of 94% and a net rental yield of 5.2%.
Key macro drivers remain strong: Spain’s residential price index rose 3.1% YoY in Q1 2024, and mortgage rates have stabilized around 3.5% after a 2022-23 peak, supporting buyer affordability. At the same time, construction-material inflation is easing to ~4% YoY, improving margin outlook for homebuilders.
For a deeper, data-rich assessment of HOME’s valuation dynamics, a quick look at ValueRay’s analytics can help surface any hidden risk or upside.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 55.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.57 > 1.0 |
| NWC/Revenue: 243.7% < 20% (prev 161.4%; Δ 82.21% < -1%) |
| CFO/TA 0.04 > 3% & CFO 65.6m > Net Income 55.5m |
| Net Debt (-272.1m) to EBITDA (65.0m): -4.18 < 3 |
| Current Ratio: 3.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (74.7m) vs 12m ago -0.05% < -2% |
| Gross Margin: 32.56% > 18% (prev 0.27%; Δ 3229 % > 0.5%) |
| Asset Turnover: 26.68% > 50% (prev 35.22%; Δ -8.55% > 0%) |
| Interest Coverage Ratio: 3.93 > 6 (EBITDA TTM 65.0m / Interest Expense TTM 15.8m) |
Altman Z'' 4.91
| A: 0.62 (Total Current Assets 1.60b - Total Current Liabilities 477.5m) / Total Assets 1.82b |
| B: 0.00 (Retained Earnings 3.19m / Total Assets 1.82b) |
| C: 0.04 (EBIT TTM 62.2m / Avg Total Assets 1.73b) |
| D: 0.56 (Book Value of Equity 465.6m / Total Liabilities 824.4m) |
| Altman-Z'' Score: 4.91 = AAA |
Beneish M -1.79
| DSRI: 2.96 (Receivables 68.9m/29.3m, Revenue 462.5m/581.5m) |
| GMI: 0.83 (GM 32.56% / 27.02%) |
| AQI: 0.89 (AQ_t 0.11 / AQ_t-1 0.13) |
| SGI: 0.80 (Revenue 462.5m / 581.5m) |
| TATA: -0.01 (NI 55.5m - CFO 65.6m) / TA 1.82b) |
| Beneish M-Score: -1.79 (Cap -4..+1) = B |
What is the price of HOME shares?
As of February 18, 2026, the stock is trading at EUR 19.30 with a total of 155,791 shares traded.
Over the past week, the price has changed by -1.03%, over one month by +5.36%, over three months by +17.61% and over the past year by +37.35%.
Over the past week, the price has changed by -1.03%, over one month by +5.36%, over three months by +17.61% and over the past year by +37.35%.
Is HOME a buy, sell or hold?
Neinor Homes SLU has no consensus analysts rating.
What are the forecasts/targets for the HOME price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 19.9 | 3.2% |
| Analysts Target Price | - | - |
HOME Fundamental Data Overview February 18, 2026
Market Cap USD = 2.24b (1.89b EUR * 1.1867 EUR.USD)
P/E Trailing = 25.8919
P/E Forward = 7.9936
P/S = 4.0818
P/B = 1.9214
Revenue TTM = 462.5m EUR
EBIT TTM = 62.2m EUR
EBITDA TTM = 65.0m EUR
Long Term Debt = 15.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 158.9m EUR (from shortTermDebt, last quarter)
Debt = 174.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -272.1m EUR (from netDebt column, last quarter)
Enterprise Value = 1.59b EUR (1.89b + Debt 174.0m - CCE 469.6m)
Interest Coverage Ratio = 3.93 (Ebit TTM 62.2m / Interest Expense TTM 15.8m)
EV/FCF = 25.12x (Enterprise Value 1.59b / FCF TTM 63.4m)
FCF Yield = 3.98% (FCF TTM 63.4m / Enterprise Value 1.59b)
FCF Margin = 13.70% (FCF TTM 63.4m / Revenue TTM 462.5m)
Net Margin = 12.00% (Net Income TTM 55.5m / Revenue TTM 462.5m)
Gross Margin = 32.56% ((Revenue TTM 462.5m - Cost of Revenue TTM 311.9m) / Revenue TTM)
Gross Margin QoQ = 37.68% (prev 37.68%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.59b / Total Assets 1.82b)
Interest Expense / Debt = 2.40% (Interest Expense 4.18m / Debt 174.0m)
Taxrate = 18.70% (14.4m / 76.7m)
NOPAT = 50.6m (EBIT 62.2m * (1 - 18.70%))
Current Ratio = 3.36 (Total Current Assets 1.60b / Total Current Liabilities 477.5m)
Debt / Equity = 0.18 (Debt 174.0m / totalStockholderEquity, last quarter 989.8m)
Debt / EBITDA = -4.18 (Net Debt -272.1m / EBITDA 65.0m)
Debt / FCF = -4.29 (Net Debt -272.1m / FCF TTM 63.4m)
Total Stockholder Equity = 924.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.20% (Net Income 55.5m / Total Assets 1.82b)
RoE = 6.00% (Net Income TTM 55.5m / Total Stockholder Equity 924.3m)
RoCE = 6.63% (EBIT 62.2m / Capital Employed (Equity 924.3m + L.T.Debt 15.1m))
RoIC = 4.56% (NOPAT 50.6m / Invested Capital 1.11b)
WACC = 5.25% (E(1.89b)/V(2.06b) * Re(5.55%) + D(174.0m)/V(2.06b) * Rd(2.40%) * (1-Tc(0.19)))
Discount Rate = 5.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.03%
[DCF Debug] Terminal Value 83.50% ; FCFF base≈84.7m ; Y1≈66.4m ; Y5≈43.2m
Fair Price DCF = 16.28 (EV 1.33b - Net Debt -272.1m = Equity 1.60b / Shares 98.5m; r=5.90% [WACC]; 5y FCF grow -25.77% → 2.90% )
EPS Correlation: -5.70 | EPS CAGR: 4.90% | SUE: -0.99 | # QB: 0
Revenue Correlation: -62.69 | Revenue CAGR: -22.24% | SUE: -2.27 | # QB: 0
EPS next Year (2026-12-31): EPS=1.01 | Chg30d=+0.128 | Revisions Net=+0 | Growth EPS=+14.2% | Growth Revenue=+0.1%
P/E Trailing = 25.8919
P/E Forward = 7.9936
P/S = 4.0818
P/B = 1.9214
Revenue TTM = 462.5m EUR
EBIT TTM = 62.2m EUR
EBITDA TTM = 65.0m EUR
Long Term Debt = 15.1m EUR (from longTermDebt, last quarter)
Short Term Debt = 158.9m EUR (from shortTermDebt, last quarter)
Debt = 174.0m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -272.1m EUR (from netDebt column, last quarter)
Enterprise Value = 1.59b EUR (1.89b + Debt 174.0m - CCE 469.6m)
Interest Coverage Ratio = 3.93 (Ebit TTM 62.2m / Interest Expense TTM 15.8m)
EV/FCF = 25.12x (Enterprise Value 1.59b / FCF TTM 63.4m)
FCF Yield = 3.98% (FCF TTM 63.4m / Enterprise Value 1.59b)
FCF Margin = 13.70% (FCF TTM 63.4m / Revenue TTM 462.5m)
Net Margin = 12.00% (Net Income TTM 55.5m / Revenue TTM 462.5m)
Gross Margin = 32.56% ((Revenue TTM 462.5m - Cost of Revenue TTM 311.9m) / Revenue TTM)
Gross Margin QoQ = 37.68% (prev 37.68%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.59b / Total Assets 1.82b)
Interest Expense / Debt = 2.40% (Interest Expense 4.18m / Debt 174.0m)
Taxrate = 18.70% (14.4m / 76.7m)
NOPAT = 50.6m (EBIT 62.2m * (1 - 18.70%))
Current Ratio = 3.36 (Total Current Assets 1.60b / Total Current Liabilities 477.5m)
Debt / Equity = 0.18 (Debt 174.0m / totalStockholderEquity, last quarter 989.8m)
Debt / EBITDA = -4.18 (Net Debt -272.1m / EBITDA 65.0m)
Debt / FCF = -4.29 (Net Debt -272.1m / FCF TTM 63.4m)
Total Stockholder Equity = 924.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.20% (Net Income 55.5m / Total Assets 1.82b)
RoE = 6.00% (Net Income TTM 55.5m / Total Stockholder Equity 924.3m)
RoCE = 6.63% (EBIT 62.2m / Capital Employed (Equity 924.3m + L.T.Debt 15.1m))
RoIC = 4.56% (NOPAT 50.6m / Invested Capital 1.11b)
WACC = 5.25% (E(1.89b)/V(2.06b) * Re(5.55%) + D(174.0m)/V(2.06b) * Rd(2.40%) * (1-Tc(0.19)))
Discount Rate = 5.55% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.03%
[DCF Debug] Terminal Value 83.50% ; FCFF base≈84.7m ; Y1≈66.4m ; Y5≈43.2m
Fair Price DCF = 16.28 (EV 1.33b - Net Debt -272.1m = Equity 1.60b / Shares 98.5m; r=5.90% [WACC]; 5y FCF grow -25.77% → 2.90% )
EPS Correlation: -5.70 | EPS CAGR: 4.90% | SUE: -0.99 | # QB: 0
Revenue Correlation: -62.69 | Revenue CAGR: -22.24% | SUE: -2.27 | # QB: 0
EPS next Year (2026-12-31): EPS=1.01 | Chg30d=+0.128 | Revisions Net=+0 | Growth EPS=+14.2% | Growth Revenue=+0.1%