Neinor Homes (HOME) AI Stock Analysis

29 Followers

Neinor Homes

(BME:HOME)

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Rating:70Outperform

Price Target:EUR 20.50▲(9.04% Upside)

Action:upgraded

Date:11/07/26

The score is driven primarily by mixed financial fundamentals: strong profitability and cash flow are meaningfully offset by the 2025 step-up in leverage. Technically, the trend is positive with price above major moving averages, but overbought signals add near-term risk. Valuation also supports the score, with a reasonable P/E and a high dividend yield.

Positive Factors

Sustained profitabilityHealthy gross margins and improving net margins indicate that Neinor retains meaningful profitability across its development model. If these margins remain resilient, they can support internal reinvestment, absorb some cost pressure, and preserve earnings power through the next housing cycle.

Negative Factors

Higher leverageThe sharp increase in debt relative to equity materially raises financial risk and makes the business more sensitive to housing-cycle weakness. Higher leverage can constrain investment choices, increase the importance of project cash timing, and reduce flexibility if sales or deliveries slow.

Neinor Homes (HOME) vs. iShares MSCI Spain ETF (EWP)

Market Cap: EUR 1.87B
Dividend Yield: 9.11%
Average Volume (3M): 259.64K
Price to Earnings (P/E): 13.2
Beta (1Y): 0.37
Revenue Growth: 165.35%
EPS Growth: 80.40%
Country: Spain
Employees: 549
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Neinor Homes Business Overview & Revenue Model

Company Description

Neinor Homes, S.A., along with its affiliated companies, is engaged in various real estate activities across Spain, including property development, promotion, leasing, and management services. The firm's operations are structured into four key divisi...

How the Company Makes Money

Neinor Homes primarily makes money by developing and selling newly built residential units in Spain. Its core revenue stream is the sale of completed homes to end customers, with revenue typically recognized upon delivery/hand-over of the property (i...

Neinor Homes Financial Statement Overview

Summary

Income statement strength (78) and solid cash generation (69) are offset by a materially weaker balance sheet (46) due to a sharp leverage increase in 2025. Overall, profitability and the 2025 rebound are positives, but higher debt raises cycle risk and reduces financial flexibility.

Income Statement

78Positive

Balance Sheet

46Neutral

Cash Flow

69Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.24B	709.13M	486.69M	590.63M	765.29M	914.30M
Gross Profit	298.47M	197.95M	153.23M	185.96M	208.99M	242.99M
EBITDA	139.08M	169.24M	104.12M	132.72M	120.68M	148.78M
Net Income	132.48M	123.25M	62.01M	90.63M	96.27M	103.03M
Balance Sheet
Total Assets	3.49B	3.93B	1.73B	1.65B	1.78B	1.97B
Cash, Cash Equivalents and Short-Term Investments	586.74M	802.74M	375.17M	188.70M	227.82M	283.33M
Total Debt	1.53B	1.54B	518.22M	387.89M	470.37M	557.07M
Total Liabilities	2.42B	2.55B	863.59M	667.61M	850.97M	1.02B
Stockholders Equity	1.05B	1.16B	858.74M	975.37M	927.17M	943.38M
Cash Flow
Free Cash Flow	284.86M	208.83M	101.10M	9.88M	148.30M	224.46M
Operating Cash Flow	285.34M	209.14M	102.58M	10.51M	151.56M	225.20M
Investing Cash Flow	-634.78M	-695.28M	-24.00M	81.00M	-21.82M	-43.78M
Financing Cash Flow	216.65M	692.44M	92.31M	-130.69M	-211.85M	-141.99M

Neinor Homes Technical Analysis

Technical Analysis SentimentPositive

Last Price18.80

Price Trends

50DMA16.55Positive

100DMA16.29Positive

200DMA16.52Positive

Market Momentum

MACD0.64Negative

RSI73.52Negative

STOCH90.92Negative

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 18.80 is above the 20-day moving average (MA) of 17.50, above the 50-day MA of 16.55, and above the 200-day MA of 16.52, indicating a bullish trend. The MACD of 0.64 indicates Negative momentum. The RSI at 73.52 is Negative, neither overbought nor oversold. The STOCH value of 90.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:HOME.

Neinor Homes Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

ES:HOME against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ES:MVC	82Outperform	EUR 1.77B	27.05	4.47%	17.41%	57.91%	―
ES:HOME	70Outperform	EUR 1.87B	13.24	11.99%	9.11%	165.35%	80.40%
ES:AEDAS	62Neutral	EUR 977.58M	17.02	6.95%	8.80%	-24.85%	-59.67%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

ES:HOME and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
ES:HOME	Neinor Homes	18.80	2.92	18.37%
ES:AEDAS	AEDAS Homes SA	23.75	2.40	11.24%
ES:MVC	Metrovacesa SA	11.60	2.12	22.31%

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.

Date of analysis: Nov 07, 2026

Neinor Homes AI Stock Analysis