AEDAS Homes AEDAS.MC
SpainReal Estate · Real Estate - DevelopmentBolsa de Madrid (BME) · EUR
24.25 EUR (+6.1%)
2 analysts
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AEDAS Homes is a Spanish residential real estate developer focused on the development and sale of new-build homes in major cities and coastal areas of the country.
Listed on Bolsa de Madrid (BME) · Symbol AEDAS.MC · BME: AEDAS · Currency EUR
Key points
from its scores- ✓Very solid balance sheet7.5
- ✓Attractive valuation7.2
- ✕Weak growth0.0
- ✕Little competitive advantage4.7
- !Modest dividend5.4
AI analysis
bottom line, main risk, context and newsHold, awaiting signs of stabilization in housing demand and interest rates; the high dividend is not sustainable with current earnings.
AEDAS Homes shows reasonable financial health (ND/EBITDA 2.51) and attractive valuation (P/B 1.12, FCF yield 10.02%), but the business is in sharp contraction (revenue -38.6%, earnings -68.4%) and the dividend is not covered (payout 226.6%), reflecting an adverse cyclical moment for residential development in Spain.
The sharp decline in revenue and earnings (-38.6% and -68.4%) combined with a payout of 226.6% makes the dividend unsustainable, and the ECB's rate hike cycle could prolong weak housing demand in Spain.
Context and risks
AEDAS Homes operates in the Spanish residential real estate sector, a market with direct sensitivity to interest rates. The rise in long-term rates in Europe, with the ECB in a hiking cycle, makes mortgage financing more expensive and pressures housing demand, a factor that directly affects its main residential development activity. Additionally, domicile in Spain carries an elevated governance risk reflected in the country risk reference.
Is AEDAS Homes stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 23% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 16.4 | 21.6 | −24% |
| EV / EBITDA | 12.2 | 18.5 | −34% |
| Price / book | 1.1 | 1.4 | −22% |
| Price / sales | 1.1 | 6.3 | −82% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.2 out of 10 (median for Real Estate: 4.9).
Average analyst target: 24.25 EUR, +6.1% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.5 (sector 5.5), Growth 0.0 (sector 5.7).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 16.4
- Forward P/E
- 7.8
- EV / EBITDA
- 12.2
- Price / book
- 1.1
- Price / sales
- 1.1
- Market cap
- 991.3M EUR
- Enterprise value
- 1.3B EUR
Profitability
- ROE
- 6.5%
- ROA
- 2.8%
- ROIC (approx.)
- 6.6%
- Gross margin
- 26.1%
- Operating margin
- 11.7%
- Net margin
- 7.0%
- Free cash flow
- 99.3M EUR
- FCF yield
- 10.0%
- Cash conversion
- 96%
Solvency
- Total debt
- 660.5M EUR
- Net debt
- 258.2M EUR
- Cash
- 402.2M EUR
- EBITDA
- 103.0M EUR
- Net debt / EBITDA
- 2.51
- Debt / equity
- 74.04
- Current ratio
- 1.93
- Quick ratio
- 0.45
Growth
- Revenue growth
- −38.6%
- Earnings growth
- −68.4%
- EPS (TTM)
- 1.39 EUR
- EPS (forward)
- 2.91 EUR
Dividend
- Dividend yield
- 13.8%
- Payout
- 226.6%
Risk and market
- Beta
- 0.64
- Analyst consensus
- Sell (2)
- Target price
- 24.25 EUR
- 52-week range
- 20.80 – 24.10
Recent news
All AEDAS.MC news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about AEDAS Homes
Is AEDAS Homes stock cheap or expensive?
On P/E and Price / book, it trades 23% below the Real Estate median on average. Valuation score: 7.2 out of 10 (median for Real Estate: 4.9). Average analyst target: 24.25 EUR, +6.1% versus the price. This is not investment advice.
What score does AEDAS Homes get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,125 of 2,130 (better than 43% of the companies analysed). Its strongest category is Financial health (7.5) and its weakest, Growth (0.0). Analysis of 08/10/2026.
What is AEDAS Homes's P/E ratio?
Its P/E is 16.4: the share price equals 16.4 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 7.8.
How much is AEDAS Homes worth on the stock market?
Its market capitalisation is 991.3M EUR.
Does AEDAS Homes pay a dividend?
Yes: its dividend yield is 13.79% and it pays out 227% of its earnings.
How has AEDAS Homes stock performed over the last year?
It has risen 7.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 20.80 and 24.10 EUR. Past performance does not guarantee future results.
What do analysts think of AEDAS Homes?
2 analysts cover it; their average recommendation is “Sell” and their average target is 24.25 EUR (+6.1% versus the price). It is an estimate, not market data.