Neinor Homes S.A./€HOME

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About Neinor Homes S.A.

Ticker
€HOME
Primary listing
BME
Employees
549
Headquarters
Bilbao, Spain

HOME Metrics

BasicAdvanced
€1.5B
10.94
€1.39
0.31
€1.71
11.26%

Bulls say / Bears say

Neinor delivered record H1 2026 financial results, with gross profit of €187 million (+313% YoY) and EBITDA of €119 million (+577% YoY), reflecting robust operational performance. (GlobeNewswire)
The company’s order book reached €3.325 billion by end-June 2026, offering multi-year revenue visibility and underpinning future earnings potential. (GlobeNewswire)
Neinor successfully integrated its AEDAS Homes acquisition in just four months without disrupting operations, unlocking strategic synergies and expanding its residential platform. (Investing.com)
Net debt surged to €923.7 million at end-2025, with ND/EBITDA leaping to 10.3×, substantially above management’s ≤3× target and heightening refinancing risk amid a rising interest rate environment. (Neinor Homes Presentation)
Loan-to-Value rose to 35.9% at end-2025 versus a long-term target of ≤20%, exposing the company to property valuation volatility and potential covenant pressures. (Neinor Homes Presentation)
Housing transactions in Spain are forecast to decline 7.3% in 2026 as market normalization and price pressures emerge, risking lower sales volumes for a company deeply exposed to the Spanish residential market. (BBVA Research)
Data summarised monthly by Lightyear AI. Last updated on 25 Aug 2026.

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