Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Neinor Homes SA is a leading Spanish real estate company headquartered in Bilbao, specializing in the development, promotion, and management of residential properties. Founded in 2015 following the acquisition of Kutxabank's residential arm by Lone Star Funds, it went public in 2017 as the first Spanish residential developer to do so post-2008 crisis. The company operates across high-demand regions like Madrid, Catalonia, the Basque Country, Andalusia, and the Balearic Islands, with a substantial land bank supporting over 40,000 units as of early 2026. Neinor Homes has diversified into rentals, Build-to-Rent, and third-party asset management, bolstered by key mergers such as Quabit Inmobiliaria in 2021 and a majority stake in Aedas Homes in late 2025. Emphasizing sustainability through BREEAM certifications, high design standards, and urban regeneration, it manages over 13,000 delivered homes and 10,500 third-party units. Led by CEO Borja García-Egocheaga, Neinor Homes plays a pivotal role in addressing Spain's housing needs while generating value for stakeholders in the cyclical real estate development sector.
€16.34
+€0.07 (+0.43%)
EOD Jun 23, 2026 · Twelve Data
24.93% operating margin is above average. ROIC at 7.26%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 44.8% YoY with margins expanding 12.6pp.
Even for strong businesses, today's 11x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
11.1x earnings, 6.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€705M
▲ +44.8% YoY
Net Income (TTM)
€122M
▲ +95.3% YoY
Op. Margin
24.93%
▲ +12.6pp YoY
ROIC
7.26%
▲ +3.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€210M
▲ +107.9% YoY
Op. Cash Flow (TTM)
€457M
▲ +168.2% YoY
Net Debt
€791M
Cash & Equiv.
€747M
3Y CAGR: -2.6%
3Y CAGR: +61.3%
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