BME:AEDAS

Stock Analysis Report

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Executive Summary

Aedas Homes, S.A. engages in the residential property development business in Spain. More Details


Snowflake Analysis

Solid track record and good value.


Similar Companies

Share Price & News

How has Aedas Homes's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AEDAS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

AEDAS

5.3%

ES Real Estate

0.9%

ES Market


1 Year Return

-16.2%

AEDAS

-9.3%

ES Real Estate

-20.2%

ES Market

Return vs Industry: AEDAS underperformed the Spanish Real Estate industry which returned -9.7% over the past year.

Return vs Market: AEDAS exceeded the Spanish Market which returned -22.3% over the past year.


Shareholder returns

AEDASIndustryMarket
7 Day-0.4%5.3%0.9%
30 Day-3.6%7.5%-2.1%
90 Day5.9%7.7%-7.4%
1 Year-16.2%-16.2%-9.0%-9.3%-17.5%-20.2%
3 Yearn/a-13.6%-16.0%-19.4%-26.8%
5 Yearn/a-9.7%-18.3%-15.8%-29.0%

Price Volatility Vs. Market

How volatile is Aedas Homes's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aedas Homes undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AEDAS (€18.32) is trading below our estimate of fair value (€52.83)

Significantly Below Fair Value: AEDAS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AEDAS is poor value based on its PE Ratio (22.2x) compared to the ES Real Estate industry average (21.6x).

PE vs Market: AEDAS is poor value based on its PE Ratio (22.2x) compared to the Spanish market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: AEDAS is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: AEDAS is good value based on its PB Ratio (0.9x) compared to the ES Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Aedas Homes forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

28.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEDAS's forecast earnings growth (28.3% per year) is above the savings rate (1.3%).

Earnings vs Market: AEDAS's earnings (28.3% per year) are forecast to grow slower than the Spanish market (31.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AEDAS's revenue (20.1% per year) is forecast to grow faster than the Spanish market (6.2% per year).

High Growth Revenue: AEDAS's revenue (20.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AEDAS's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

How has Aedas Homes performed over the past 5 years?

81.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AEDAS has high quality earnings.

Growing Profit Margin: AEDAS's current net profit margins (10.4%) are higher than last year (1.4%).


Past Earnings Growth Analysis

Earnings Trend: AEDAS has become profitable over the past 5 years, growing earnings by 81.3% per year.

Accelerating Growth: AEDAS's earnings growth over the past year (3081.2%) exceeds its 5-year average (81.3% per year).

Earnings vs Industry: AEDAS earnings growth over the past year (3081.2%) exceeded the Real Estate industry -4.3%.


Return on Equity

High ROE: AEDAS's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is Aedas Homes's financial position?


Financial Position Analysis

Short Term Liabilities: AEDAS's short term assets (€1.5B) exceed its short term liabilities (€645.1M).

Long Term Liabilities: AEDAS's short term assets (€1.5B) exceed its long term liabilities (€4.0M).


Debt to Equity History and Analysis

Debt Level: AEDAS's debt to equity ratio (37.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if AEDAS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AEDAS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AEDAS's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Aedas Homes's current dividend yield, its reliability and sustainability?

3.84%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AEDAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AEDAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AEDAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AEDAS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AEDAS's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

David Martínez Montero (49 yo)

3yrs

Tenure

Mr. David Martinez Montero has been the Chief Executive Officer at Aedas Homes, S.A.U. since September 11, 2017 and has been its Executive Director since June 30, 2017. Mr. Martínez has an extensive experi ...


Leadership Team

NamePositionTenureCompensationOwnership
David Martínez Montero
CEO & Executive Director3yrsno data0.17%
€ 1.4m
María Leal
Chief Financial Officerno datano datano data
Alberto Delgado Montero
Chief Operating Officer4.67yrsno datano data
José Sergio Gálvez Capó
Chief Strategy & Investment Officer4.67yrsno datano data
Óscar de la Torre
Chief Technology Officerno datano datano data
Hernando De Soto
Head of Investor Relationsno datano datano data
Luis Vega
Chief Legal Officer0.33yrno datano data
Pedro Javier Sánchez Gutiérrez
Chief Innovation & Brand Officer0.33yrno datano data
Esther Duarte Macarro
Director of Corporate Resourcesno datano datano data
Alfonso Benavides Grases
Secretaryno datano datano data

3.0yrs

Average Tenure

47yo

Average Age

Experienced Management: AEDAS's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Martínez Montero
CEO & Executive Director3yrsno data0.17%
€ 1.4m
Santiago Javier Fernández Valbuena
Independent Chairperson3yrsno data0.010%
€ 87.9k
Evan Carruthers
Proprietary Director3yrsno data0.062%
€ 527.3k
Emile Haddad
Independent Director3yrsno datano data
Cristina Alvarez Álvarez
Independent Director2.92yrsno datano data
Miguel Redondo
Independent Director3yrsno datano data
Eduardo Edmundo D'Alessandro Cishek
Proprietary Director3yrsno datano data
Javier Lapastora Turpín
Independent Director3yrsno datano data
Milagros Mendez Ureña
Board Directorno datano data0.00065%
€ 5.5k

3.0yrs

Average Tenure

51yo

Average Age

Experienced Board: AEDAS's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aedas Homes, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aedas Homes, S.A.
  • Ticker: AEDAS
  • Exchange: BME
  • Founded: 2016
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: €845.393m
  • Shares outstanding: 46.15m
  • Website: https://www.aedashomes.com

Number of Employees


Location

  • Aedas Homes, S.A.
  • Paseo de la Castellana, 42
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AEDASBME (Bolsas y Mercados Espanoles)YesShare CapitalESEUROct 2017
AEDASEBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEUROct 2017
0RV8LSE (London Stock Exchange)YesShare CapitalGBEUROct 2017
1QKDB (Deutsche Boerse AG)YesShare CapitalDEEUROct 2017

Biography

Aedas Homes, S.A. engages in the residential property development business in Spain. The company was founded in 2016 and is headquartered in Madrid, Spain. Aedas Homes, S.A. operates as a subsidiary of Cas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 22:11
End of Day Share Price2020/09/30 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.