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Neinor Homes, S.A (HOME) Fair Value & Analysis

Real Estate · ES · Market cap €1.6B

NH Neinor Homes, S.A HOME · MC
Price€16.34
Fair Value€11.57
Upside-29.2%
Quality87/100
Evidence: Medium Range €11.57 – €15.99

Fair value as of: Jun 25, 2026

From 26 valuation models · updated 4 days ago

Share price +5.9% over the past month.

Price vs Fair Value (12 months)

€19.15 €14.62 Fair Value €11.57 Jul 2025 Jun 2026

12‑month range €14.62 – €19.15 · fair‑value band €11.57 – €15.99 · the €16.34 price screens above the €11.57 fair value. As of Jun 25, 2026.

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Analysis

Neinor Homes, S.A (HOME) currently trades at €16.34, while our model-based Fair Value estimate is €11.57 — implying the stock looks roughly 29.2% overvalued today. We read business quality at 87/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Neinor Homes, S.A generated revenue of €705M at a net margin of 17.5%. Revenue grew 76.5% year over year. It earns a return on equity of 10.9%. Net debt stands at €734M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) €705M
Revenue growth (YoY) +76.5%
Net margin 17.5%
Return on equity 10.9%
Free cash flow €209M FY2025
P/E ratio 10.8
More key figures
Operating margin 10.3%
EPS (TTM) €1.47
EPS growth (YoY) +83.1%
Net debt €734M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Neinor Homes, S.A., together with its subsidiaries, develops, promotes, rental, and manages real estate properties in Spain. It operates through Development, Assets Management, and Rental segments. The company is involved in the acquisition of residential land for subsequent development. Neinor Homes, S.A. was founded in 1988 and is based in Bilbao, Spain.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Neinor Homes, S.A reported revenue of €709M in FY2025 versus €914M in FY2021, a compound −6.2%/yr. Reported net income was €123M in FY2025, compounding +4.6%/yr from FY2021.

Revenue −6.2%/yr
FY21 €914M
FY22 €765M
FY23 €591M
FY24 €487M
FY25 €709M
Net income +4.6%/yr
FY21 €103M
FY22 €96.3M
FY23 €90.6M
FY24 €62.0M
FY25 €123M

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 148,549 VND +1%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,650 IDR 1,330 IDR -80%
Lodha Developers Limited LODHA ₹862.00 ₹721.45 -16%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,790 ₹1,044 -42%

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Frequently asked questions

Is Neinor Homes, S.A (HOME) undervalued?
As of Jun 25, 2026, our model estimates a fair value of €11.57 versus a price of €16.34 — about −29% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HOME?
Our 21-model fair value for Neinor Homes, S.A is €11.57 (as of Jun 25, 2026), built from audited fundamentals. The current price is €16.34.
What is the quality score of HOME?
Neinor Homes, S.A has a Quality Score of 87/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Neinor Homes, S.A (HOME)?
Neinor Homes, S.A reported trailing-twelve-month revenue of about €705M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of HOME?
The net profit margin of Neinor Homes, S.A is about 17.5%, meaning it keeps roughly 17.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.