1. Spain Stocks

  2. •

    Finance

  3. •

    Real estate development
Neinor Homes SA

Neinor Homes SA

16.77
EUR
-0.02
(-0.12%)
686.94MMarket Cap
Feb 24Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.25
2.89
1.21
4.87
6.43
7.53
11.93
10.26
7.93
6.53
8.39
- -
Basic EPS, GAAP
-1.04
0.01
-0.14
0.59
0.84
0.92
1.34
1.29
1.22
0.83
1.47
- -
Free Cash Flow per Basic Share
-0.65
0.38
-1.03
1.07
1.89
1.75
2.93
0.67
0.12
1.34
2.49
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.49
1.28
0.47
1.53
1.84
- -
Book Value per Share
10.64
7.99
9.17
9.82
10.62
11.57
12.35
12.47
13.09
11.51
11.77
12.53
Tangible Book Value per Share
10.64
7.98
9.16
9.8
10.6
11.49
12.18
12.29
12.97
11.41
11.58
12.36
Basic Weighted Avg Shares
79
79
183
78
76
76
77
74
75
75
84
75
Sales/Revenue/Turnover
257
229
220
380
489
573
914
763
591
487
705
- -
Operating Margin (%)
-31.48
-11.18
-36.26
14.25
20.72
17.42
14.18
15.47
16.84
12.34
11.64
- -
Depreciation Expense
- -
1
1
1
4
4
5
4
7
4
5
- -
Net Income, GAAP
-82
1
-26
46
64
70
103
96
91
62
123
- -
Effective Tax Rate (%)
- -
74.39
- -
- -
21.58
22.69
16.48
19.17
8.19
18.7
11.18
- -
Profit Margin (%)
-31.99
0.46
-11.77
12.1
13.04
12.24
11.27
12.61
15.34
12.74
17.49
- -
Working Capital
828
642
735
739
803
889
1,053
996
852
943
1,761
896
LT Debt
- -
27
18
- -
52
73
340
340
168
363
741
164
Total Equity
841
631
722
773
789
861
944
930
978
862
1,380
937
Return on Invested Capital (%)
- -
0.25
- -
- -
5.93
6.11
8.51
7.62
7.26
3.86
6.68
- -
Return on Capital (%)
- -
0.25
- -
- -
6.13
6.37
8.93
7.87
8.21
5.85
6.92
- -
Return on Common Equity (%)
- -
0.14
-3.83
6.15
8.16
8.5
11.42
10.29
9.53
6.76
12.21
- -

Capital Structure

EUR

•

in mil. unless spec.
Sep'22
Dec'22
Jun'23
ST Debt
166
130
253
LT Borrowings
63
339
164
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
74
74
75
Market Capitalization
682
613
687

Working Capital

EUR

•

in mil. unless spec.
Sep'22
Dec'22
Jun'23
Total Current Assets
1,548
1,486
1,495
Cash, Cash Equivalents & STI
175
227
158
Accounts Receivable, Net
- -
12
54
Inventories
1,272
1,129
1,200
Total Current Liabilities
557
489
599
Payables & Accruals
- -
- -
- -
ST Debt
166
130
253
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

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%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
487
2025
- -
- -
705
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.83
2025
- -
- -
1.47
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.53
2025
- -
- -
1.84
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Francisco de Borja García-Egocheaga
Full Time Employees
841
Sector
Finance
Industry
Real estate development
Address
Calle Ercilla 24 Madrid MA Spain 48009
IPO Date
Mar 29, 2017
Website
neinorhomes.com
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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.