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AEDAS Homes SA
(BME:AEDAS)
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Rating:62Neutral
Price Target:
€23.00
▲(4.78% Upside)
Action:Reiterated
Date:08/30/26
The score is primarily driven by solid but deteriorating financial performance—sharp 2026 revenue/earnings contraction, rising debt over time, and weaker/volatile cash generation. Valuation helps offset this (mid P/E and very high dividend yield), but technicals remain mixed with the stock below key longer-term moving averages and only neutral momentum.
Positive Factors
Sustained profitability
Consistent profitability and historically healthy margins indicate that AEDAS can generate value across development cycles. This provides an earnings base to absorb project timing variability, although maintaining margins depends on demand and cost control.
Negative Factors
Sharp revenue contraction
The latest contraction signals weaker home volumes, demand, project timing or a combination of these factors. If sustained, lower revenue can reduce operating leverage, pressure margins and delay recovery in earnings across future reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained profitability
Consistent profitability and historically healthy margins indicate that AEDAS can generate value across development cycles. This provides an earnings base to absorb project timing variability, although maintaining margins depends on demand and cost control.
Read all positive factors
AEDAS Homes SA (AEDAS) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€868.51M
Dividend Yield9.9%
Average Volume (3M)2.32K
Price to Earnings (P/E)15.2
Beta (1Y)0.40
Revenue Growth-24.85%
EPS Growth-59.67%
CountryES
Employees283
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)3.46
Shares Outstanding43,700,000
10 Day Avg. Volume2,850
30 Day Avg. Volume2,318
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)1.13
Price to Sales (P/S)1.16
P/FCF Ratio12.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.61
Revenue Forecast (FY)€1.19B
AEDAS Homes SA Business Overview & Revenue Model
Company Description
Aedas Homes, S.A. is a Spanish real estate developer specializing in the construction of residential properties. The company's focus encompasses both multi-unit apartment buildings and individual family residences. Established in 2016, Aedas Homes...
How the Company Makes Money
AEDAS primarily makes money by developing and selling newly built residential units. Its core revenue stream is recognized from the sale and delivery of homes to customers, with cash inflows typically supported by reservation deposits and staged c...
AEDAS Homes SA Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16B | 868.84M | 1.16B | 1.14B | 919.81M | 765.62M |
| Gross Profit | 248.85M | 233.35M | 248.85M | 256.49M | 241.33M | 222.25M |
| EBITDA | 161.55M | 105.85M | 206.02M | 193.31M | 176.01M | 149.96M |
| Net Income | 149.72M | 60.86M | 149.72M | 108.88M | 105.07M | 93.13M |
Balance Sheet | ||||||
| Total Assets | 2.23B | 2.09B | 2.23B | 2.01B | 1.97B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 360.01M | 345.64M | 360.01M | 241.42M | 197.66M | 189.01M |
| Total Debt | 618.56M | 660.48M | 618.56M | 558.64M | 505.59M | 467.23M |
| Total Liabilities | 1.24B | 1.20B | 1.24B | 1.08B | 999.32M | 922.37M |
| Stockholders Equity | 985.10M | 889.72M | 985.10M | 930.52M | 969.10M | 975.92M |
Cash Flow | ||||||
| Free Cash Flow | 176.72M | 79.62M | 176.72M | 232.75M | -26.03M | 7.04M |
| Operating Cash Flow | 191.32M | 80.72M | 191.32M | 236.30M | -20.16M | 9.95M |
| Investing Cash Flow | -57.91M | 29.10M | -57.91M | -91.23M | 4.11M | -42.41M |
| Financing Cash Flow | -79.22M | -74.53M | -79.22M | -100.01M | 20.77M | 86.31M |
AEDAS Homes SA Technical Analysis
Negative
21.95
Price Trends
21.98
Negative
22.64
Negative
23.11
Negative
Market Momentum
-0.10
Positive
39.85
Neutral
29.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:AEDAS, the sentiment is Negative. The current price of 21.95 is above the 20-day moving average (MA) of 21.57, below the 50-day MA of 21.98, and below the 200-day MA of 23.11, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.85 is Neutral, neither overbought nor oversold. The STOCH value of 29.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:AEDAS.
AEDAS Homes SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €1.60B | 27.85 | 3.89% | 18.33% | 57.91% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | €868.51M | 15.22 | 6.49% | 9.65% | -24.85% | -59.67% | |
61 Neutral | €1.52B | 10.85 | 11.99% | 10.67% | 165.35% | 80.40% | |
54 Neutral | €239.48M | 30.88 | 2.82% | ― | 127.69% | ― |
* Real Estate Sector Average
ES:AEDAS
AEDAS Homes SA
21.15
0.15
0.71%
ES:HOME
Neinor Homes
15.41
-0.27
-1.71%
ES:ARM
Arima Real Estate SOCIMI SA
10.50
0.55
5.58%
ES:MVC
Metrovacesa SA
10.52
1.90
22.11%
ES:YEPSA
Emperador Properties SOCIMI SA
10.40
4.18
67.26%
ES:YTCH
TECHO HOGAR SOCIMI, S.A.
1.12
0.10
10.02%
AEDAS Homes SA Corporate Events
AEDAS Homes shareholders back 2026 accounts and renew board powers
Jul 9, 2026
AEDAS Homes’ Ordinary General Shareholders’ Meeting, held in Madrid, approved the company’s individual and consolidated financial statements, management reports and consolidated non‑financial information for the year ended ...
AEDAS Homes Files Second Half-Year Financial Report for 2025/2026
Jun 5, 2026
AEDAS Homes, S.A. has filed its second half-year financial report for the 2025/2026 fiscal year, covering the period ended 31 March 2026, with Spain’s securities regulator. The company states that its summarized annual accounts have been pre...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.