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Techo Hogar SOCIMI, S.A. (YTCH) Fair Value & Analysis

Real Estate · ES · Market cap €53.5M · ISIN ES0105775003

What is Techo Hogar SOCIMI, S.A. really worth?

TH Techo Hogar SOCIMI, S.A. YTCH · MC
Price€1.12
Fair Value€0.2200
Upside−80.4%
Quality72/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 409% above our fair value of €0.2200.

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Risks

!Mixed Growth (revenue YoY +441.3 %/yr)
!Thin margins · 0.0% net margin
!Trails peers (1/10)
!Moderate moat 60/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range €0.1600 – €0.2700

Fair value as of: Aug 28, 2026

From 7 valuation models · updated 5 days ago

Share price +0.9% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (€0.2700). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (2 years)

€1.12 €0.9881 Fair Value €0.2200 Apr 2024 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

28‑month range €0.9881 – €1.12 · fair‑value band €0.1600 – €0.2700 · the €1.12 price screens above the €0.2200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

Full chart & analysis →

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Analysis

Techo Hogar SOCIMI, S.A. (YTCH) currently trades at €1.12, while our model-based Fair Value estimate is €0.2200, implying the stock looks roughly 409.2% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Real Estate sector. Bull case: the Asset-Based group reads highest at a median of €0.5600 per share, and 0 of the 7 models we run sit above the €1.12 price. Bear case: the Multiples group reads lowest at €0.3200, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

The stock trades on a trailing P/E of 56.0. Fundamentals as of Aug 28, 2026

Our scenario range runs from €0.1600 (bear case) to €0.2700 (bull case); at €1.12, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 8% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −80%, YTCH screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA €0.3400 €0.4000 €0.4500 64
Residual Income €0.5200 €0.4700 €0.3100 64
EV/EBIT €0.3600 €0.4200 €0.4800 63
All 7 models by family
Multiples
P/S Multiple €0.1400 €0.1900 €0.2300 58
P/B Multiple €0.1700 €0.2200 €0.2800 55
EV/EBIT €0.3600 €0.4200 €0.4800 63
EV/EBITDA €0.3400 €0.4000 €0.4500 64
EV/Revenue €0.2800 €0.3200 €0.3600 52
Asset-Based
NCAV (Graham) €0.4200 €0.5600 €0.8400 51
Economic Profit
Residual Income €0.5200 €0.4700 €0.3100 64

Widest divergence: Asset-Based (€0.5600) versus Multiples (€0.3200). Highest evidence: EV/EBITDA (64).

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Key figures & financial health

P/E ratio 56.0
P/S ratio 25.7 P/E × margin
EPS (TTM) €0.0200 price ÷ EPS = P/E 56.0
Net margin 45.9% FY2024
Return on assets (EBIT) −112% avg 3y
Net debt €1.3K FY2021

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 68

Profitability 31
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TECHO HOGAR SOCIMI Sociedad de Beneficio e Interés Común, SA engages in the acquisition and development of urban real estate for lease in Spain. It acquires, renovates, and rents properties to social entities; and creates homes to accommodate individuals. The company was incorporated in 2018 and is based in Madrid, Spain.

Full company description

TECHO HOGAR SOCIMI Sociedad de Beneficio e Interés Común, SA engages in the acquisition and development of urban real estate for lease in Spain. It acquires, renovates, and rents properties to social entities; and creates homes to accommodate individuals. The company was incorporated in 2018 and is based in Madrid, Spain. The company was formerly known as Techo Hogar SOCIMI, S.A. and changed its name to TECHO HOGAR SOCIMI Sociedad de Beneficio e Interés Común, SA in March 2026. The company was incorporated in 2018 and is headquartered in Madrid, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2024 · reported fiscal years

Techo Hogar SOCIMI, S.A. reported revenue of €1.4M in FY2024 versus €0 in FY2021. Reported net income was €626K in FY2024.

Growth Quality 52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
€1.4M
Latest YoY
+441.3%
Value creation/yr We only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Revenue
FY21 €0
FY23 €252K
FY24 €1.4M
Net income
FY21 −€195
FY23 −€4.9K
FY24 €626K

YTCH screens 409% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "Techo Hogar SOCIMI, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/YTCH

Peer Group

Real Estate Services · 546 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside −80% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 56.0× · Pricier than 75% of peers
P/B 1.54× · Pricier than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is Techo Hogar SOCIMI, S.A. (YTCH) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of €0.2200 versus a price of €1.12, about −80% upside (overvalued).
What is the fair value of YTCH?
Our model-based fair value for Techo Hogar SOCIMI, S.A. is €0.2200 (as of Aug 28, 2026), built from audited fundamentals. The current price: €1.12.
What is the quality score of YTCH?
Techo Hogar SOCIMI, S.A. has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of YTCH?
The net profit margin of Techo Hogar SOCIMI, S.A. is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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