1. Spain Stocks

  2. •

    Consumer Cyclical

  3. •

    Residential Construction
Neinor Homes, S.A.

Neinor Homes, S.A.

HOME.MC
Neinor Homes, S.A.ES flagMadrid Stock Exchange
17.84
EUR
+0.29
- -
1.76BMarket Cap
Neinor Homes, S.A.
HOME.MC
(Madrid Stock Exchange)

Recent

price

17.84

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.25
2.89
1.21
4.87
6.43
7.53
11.93
10.26
7.93
6.53
8.39
10.03
Revenue per Share
-1.04
0.01
-0.14
0.59
0.84
0.92
1.34
1.29
1.22
0.83
1.47
1.27
Basic EPS, GAAP
-0.65
0.38
-1.03
1.07
1.89
1.75
2.93
0.67
0.12
1.34
2.49
2.27
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.49
1.28
0.47
1.53
1.84
- -
Dividend per Share
11
9.24
4.18
10.71
11.23
11.31
11.79
11.19
10.01
7.24
6.42
10.95
Book Value per Share
10.64
7.98
3.95
9.88
10.36
11.24
12.15
12.32
13
11.45
16.21
12.05
Tangible Book Value per Share
79
79
183
78
76
76
77
74
75
75
84
76
Basic Weighted Avg Shares
257
229
220
380
489
573
914
763
591
487
705
763
Sales/Revenue/Turnover
-31.48
-11.18
-36.26
14.25
20.72
17.42
14.18
15.47
16.84
12.34
11.64
7.39
Operating Margin (%)
- -
1
1
1
4
4
5
4
7
4
5
2
Depreciation Expense
-82
1
-26
46
64
70
103
96
91
62
123
96
Net Income, GAAP
- -
74.39
- -
- -
21.58
22.69
16.48
19.17
8.19
18.7
11.18
19.17
Effective Tax Rate (%)
-31.99
0.46
-11.77
12.1
13.04
12.24
11.27
12.61
15.34
12.74
17.49
12.61
Profit Margin (%)
828
642
735
739
803
889
1,053
996
852
943
1,761
996
Working Capital
- -
27
18
- -
52
73
340
340
168
363
741
340
LT Debt
841
631
722
773
789
861
944
930
978
862
1,380
930
Total Equity
- -
-0.71
- -
- -
6.65
6.31
7.78
6.47
6.49
3.48
3.33
3.09
Return on Invested Capital (%)
- -
0.24
- -
- -
5.81
6.2
9.07
8.25
9.29
7.3
8.86
8.27
Return on Capital (%)
- -
0.13
-3.47
5.75
7.54
8.18
11.69
11.09
11.48
9.64
22.83
11.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
168
166
130
LT Borrowings
43
63
339
LT Finance Leases
- -
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
74
74
74
Market Capitalization
910
710
622

Working Capital

FRC

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
1,584
1,548
1,486
Cash, Cash Equivalents & STI
315
175
227
Accounts Receivable, Net
17
- -
12
Inventories
1,182
1,272
1,129
Total Current Liabilities
562
557
489
Payables & Accruals
- -
- -
- -
ST Debt
168
166
130
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.94%
12.33%
60.2%
Free Cash Flow
2.41%
199.17%
109.81%
Net Income, GAAP
-278.19%
20.34%
98.76%
Sales/Revenue/Turnover
15.14%
9.53%
44.78%
Total Cash Common Dividend
- -
- -
35.65%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
591
2024
- -
- -
- -
- -
487
2025
- -
- -
- -
- -
705

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.22
2024
- -
- -
- -
- -
0.83
2025
- -
- -
- -
- -
1.47

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.47
2024
- -
- -
- -
- -
1.53
2025
- -
- -
- -
- -
1.84
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Business
Neinor Homes SA (HOME.MC) develops, promotes, constructs, rents, and manages residential real estate properties in Spain. The company offers newly built flats, houses, chalets, and multifamily homes targeting medium- to high-end segments; provides build-to-rent (BTR) solutions, including coliving, senior living, microliving, and affordable housing options; and delivers asset management services for third-party units, alongside urban regeneration projects with high standards of design, quality, sustainability, and innovation, featuring amenities such as pools, gyms, gardens, and garages. Operations span key regions including Madrid, Barcelona, Valencia, Malaga, Alicante, Seville, Bilbao, and others across Álava, Almería, Balearic Islands, Burgos, Córdoba, Gerona, Guipúzcoa, Tarragona, and Vizcaya, supported by a fully owned landbank of approximately 11,900-15,500 units and management of over 10,500 third-party homes. Founded with roots tracing back over 35 years and restructured in 2015 under new investors, Neinor Homes is headquartered in Bilbao, Spain, and employs around 284 professionals across multiple offices. Recent developments include a September 2024 €700mn joint venture with Bain Capital, acquiring a 10% stake in Promociones Habitat while providing development services; a January 2025 JV with Ameris Capital targeting €50mn in build-to-sell investments starting with a Valencia plot; a €140mn asset-backed borrowing facility completed in October 2025; a €100mn green bond issuance in October 2025 ahead of the AEDAS Homes transaction; approval in November 2025 for a second tender offer to AEDAS minority shareholders at €24.00 per share, up 12.5%; and ongoing co-investment partnerships since 2023 with AXA IM Alts, Orion Capital, Urbanitae, Avenue Capital, and Octopus Real Estate, deploying nearly €1bn toward nearly 7,000 homes.