How does 1NN's PE Ratio compare to its peers?

1NN is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (20.8x).

How does 1NN's PE Ratio compare vs other companies in the European Consumer Durables Industry?

1NN is good value based on its Price-To-Earnings Ratio (12.3x) compared to the European Consumer Durables industry average (13.1x).

What is 1NN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1NN is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

What is the Fair Price of 1NN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1NN (€15.68) is trading below our estimate of [[fair value]] (€63.36)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

1NN Stock Overview

Develops, promotes, rental, and manages real estate properties in Spain. More details

1NN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	2/6

Rewards

Trading at 75.3% below our estimate of its fair value

Earnings grew by 51.2% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 4.3% per year for the next 3 years

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Neinor Homes, S.A. Competitors

Einhell Germany

XTRA:EIN3

€712.2m

Surteco Group

XTRA:SUR

€322.5m

Leifheit

XTRA:LEI

€151.7m

Hugo Boss

XTRA:BOSS

€3.0b

Price History & Performance

Summary of share price highs, lows and changes for Neinor Homes
Historical stock prices
Current Share Price	€15.68
52 Week High	€15.94
52 Week Low	€9.59
Beta	0.52
1 Month Change	2.89%
3 Month Change	10.89%
1 Year Change	52.23%
3 Year Change	48.77%
5 Year Change	45.32%
Change since IPO	-5.22%

Recent updates

Shareholder Returns

	1NN	DE Consumer Durables	DE Market
7D	-0.1%	-2.2%	-2.6%
1Y	52.2%	15.2%	7.1%

Return vs Industry: 1NN exceeded the German Consumer Durables industry which returned 15.2% over the past year.

Return vs Market: 1NN exceeded the German Market which returned 7.1% over the past year.

Price Volatility

Is 1NN's price volatile compared to industry and market?
1NN volatility
1NN Average Weekly Movement	3.5%
Consumer Durables Industry Average Movement	4.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 1NN has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 1NN's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	261	Francisco de Garcia-Egotxeaga Vergara	www.neinorhomes.com

Neinor Homes, S.A., together with its subsidiaries, develops, promotes, rental, and manages real estate properties in Spain. It operates through Development, Assets Management – Servicing, and Rental segments. The company’s land portfolio consists of lots with buildable units in Madrid, Guadalajara, Catalonia, the Basque Country, Valencia, Balearic, and Andalusia.

Neinor Homes, S.A. Fundamentals Summary

How do Neinor Homes's earnings and revenue compare to its market cap?
1NN fundamental statistics
Market cap	€1.18b
Earnings (TTM)	€95.88m
Revenue (TTM)	€581.48m

12.3x

P/E Ratio

2.0x

P/S Ratio

Is 1NN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1NN income statement (TTM)
Revenue	€581.48m
Cost of Revenue	€423.43m
Gross Profit	€158.06m
Other Expenses	€62.18m
Earnings	€95.88m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.29
Gross Margin	27.18%
Net Profit Margin	16.49%
Debt/Equity Ratio	42.2%

How did 1NN perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 09:02
End of Day Share Price	2024/12/19 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Neinor Homes, S.A. is covered by 20 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Filipe Leite	Banco BPI, S.A.
Ignacio Romero	Banco de Sabadell. S.A.
null null	Banco de Sabadell. S.A.

1NN Stock Overview

Rewards

Risk Analysis

Neinor Homes, S.A. Competitors

XTRA:EIN3

€712.2m

XTRA:SUR

€322.5m

XTRA:LEI

€151.7m

XTRA:BOSS

€3.0b

Price History & Performance

Recent News & Updates

Now 21% undervalued

Upcoming dividend of €0.50 per share

Neinor Homes, S.A. (BME:HOME) entered into an agreement to acquire 10% stake in Habitat Grupo Inmobiliario, S.A. from Bain Capital Credit, Ltd.

Round Hill Capital LLC acquired 147 Units Parla Homes in Parla, Madrid from Neinor Homes, S.A. (BME:HOME) for €29 million.

First half 2024 earnings released: EPS: €0.13 (vs €0.059 in 1H 2023)

Upcoming dividend of €0.50 per share

Recent updates

Now 21% undervalued

Upcoming dividend of €0.50 per share

Neinor Homes, S.A. (BME:HOME) entered into an agreement to acquire 10% stake in Habitat Grupo Inmobiliario, S.A. from Bain Capital Credit, Ltd.

Round Hill Capital LLC acquired 147 Units Parla Homes in Parla, Madrid from Neinor Homes, S.A. (BME:HOME) for €29 million.

First half 2024 earnings released: EPS: €0.13 (vs €0.059 in 1H 2023)

Upcoming dividend of €0.50 per share

Neinor Homes, S.A. to Report First Half, 2024 Results on Jul 25, 2024

Neinor Homes, S.A., Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: €1.32 (vs €1.59 in FY 2022)

Neinor Homes, S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024

First half 2023 earnings released: EPS: €0.06 (vs €0.47 in 1H 2022)

Neinor Homes, S.A. to Report Q2, 2023 Results on Jul 26, 2023

Now 21% undervalued after recent price drop

Savills Investment Management LLP acquired Two newly built residential properties in Valencia, Spain from Neinor Homes, S.A. (BME:HOME) for €66 million.

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: €1.59 (vs €1.35 in FY 2021)

An unknown German fund agreed to acquire Hacienda Homes In Malaga from Neinor Homes, S.A. (BME:HOME).

Less than half of directors are independent

Second quarter 2022 earnings released

Neinor Homes, S.A. to Report First Half, 2022 Results on Jul 27, 2022

Upcoming dividend of €0.63 per share

Neinor Starts Preliminary Talks for Strategic Options Regarding its Portfolio of Assets

Neinor Homes, S.A. to Report Nine Months, 2022 Results on Nov 09, 2022

Inaugural dividend of €0.57 per share

Less than half of directors are independent

Less than half of directors are independent

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Second quarter 2021 earnings released

Neinor Homes, S.A. (BME:HOME) completed the acquisition of Quabit Inmobiliaria, S.A. (BME:QBT).

Neinor Homes, S.A. (BME:HOME) acquired A portfolio of 400 units from Hadley Investments SOCIMI, S.A.U. (BME:YHLY).

Neinor Homes, S.A. (BME:HOME) agreed to acquire Quabit Inmobiliaria, S.A. (BME:QBT).

New 90-day high: €10.92

New 90-day low: €9.66

New 90-day low: €10.14

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

Neinor Homes, S.A. (BME:HOME) acquired 75% stake in Renta Garantizada, S.A.U.

New 90-day high - €10.72

Shareholder Returns

Price Volatility

About the Company

Neinor Homes, S.A. Fundamentals Summary

12.3x

2.0x

Earnings & Revenue

Dividends

3.4%

n/a

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources