Neinor Homes HOME.MC
Neinor Homes is a Spanish residential real estate developer that builds and sells homes, primarily on the Mediterranean coast and in Madrid. Neinor Homes shows explosive growth (revenue +362.8%) and a net dividend yield of 13.44%, but its high leverage (Net Debt/EBITDA 7.46) and negative cash conversion (-655.85%) create significant risks in a rising rate environment.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Neinor Homes is a Spanish residential real estate developer that builds and sells homes, primarily on the Mediterranean coast and in Madrid. Neinor Homes shows explosive growth (revenue +362.8%) and a net dividend yield of 13.44%, but its high leverage (Net Debt/EBITDA 7.46) and negative cash conversion (-655.85%) create significant risks in a rising rate environment.
Score by category
| Category | Score |
|---|---|
| Financial health | 4.6 |
| Quality / Moat | 2.9 |
| Valuation | 3.9 |
| Growth | 10.0 |
| Dividend | 7.1 |
| Momentum | 5.1 |
| Risk & Context | 6.6 |
OVERALL SCORE: 5.4/10
Context and risks
High exposure to interest rates: Net Debt/EBITDA of 7.46 and long-duration real estate sector. The rise in the 10-year bond to 5.17% makes refinancing more expensive and pressures asset valuations. Additionally, regulatory and governance risk in Spain.
News considered in the analysis
- Neorar Homes SA (STU:1NN) (H1 2026) Earnings Call Highlights: Record Deliveries and Strategic ... — Resultados récord en entregas y cartera de pedidos, refuerza la visibilidad de ingresos a corto plazo.
- Neinor Homes SA (STU:1NN) (H1 2026) Earnings Call Highlights: Record Deliveries and Order Book ... — Confirmación de la solidez operativa y del pipeline de proyectos, impacto positivo en crecimiento y salud.
- Neinor Homes Maps 2027 CEO Handover As Capital Allocation Stays In Focus — Plan de sucesión del CEO para 2027; reduce incertidumbre de gobernanza, aunque el foco en asignación de capital es clave.
- Neinor Acquisition Puts Aedas Homes Valuation And Earnings Outlook In Focus — La posible adquisición de Aedas Homes podría ser transformadora, aumentando escala y valoración, pero con riesgo de integración y financiación.
- Is It Too Late To Consider Buying Neinor Homes (BME:HOME) After Strong 1-Year Share Gains? — Artículo de opinión sobre el momento de compra, sin información nueva relevante.
Verdict: Hold; growth and dividend potential are offset by high debt and sensitivity to interest rates.
Main risk: Extreme leverage (Net Debt/EBITDA 7.46) and dependence on high interest rates for refinancing, which could erode financial health and dividend capacity.
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