BME:AEDAS

Stock Analysis Report

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Market Cap

€1.1b

Last Updated

2021/07/31 19:38 UTC

Data Sources

Company Financials +

Executive Summary

Aedas Homes, S.A. engages in the development of residential homes in Spain. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.


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 is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

-3.0%

AEDAS

1.6%

ES Real Estate

-0.7%

ES Market


1 Year Return

41.8%

AEDAS

23.6%

ES Real Estate

22.7%

ES Market

Return vs Industry: AEDAS exceeded the Spanish Real Estate industry which returned 23.5% over the past year.

Return vs Market: AEDAS exceeded the Spanish Market which returned 22.6% over the past year.


Shareholder returns

AEDASIndustryMarket
7 Day-3.0%1.6%-0.7%
30 Day6.7%4.9%-3.1%
90 Day18.6%3.7%-1.9%
1 Year48.1%41.8%26.6%23.6%27.4%22.7%
3 Year-11.7%-15.5%-19.5%-23.8%1.5%-7.8%
5 Yearn/a2.0%-3.8%23.4%4.8%

Long-Term 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?

14.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AEDAS (€25.5) is trading above our estimate of fair value (€22.69)

Significantly Below Fair Value: AEDAS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AEDAS is good value based on its PE Ratio (14.4x) compared to the Spanish Real Estate industry average (18.3x).

PE vs Market: AEDAS is good value based on its PE Ratio (14.4x) compared to the Spanish market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: AEDAS is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AEDAS's PB Ratio (1.1x) is in line with the ES Real Estate industry average.


Future Growth

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

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEDAS's forecast earnings growth (14.5% per year) is above the savings rate (1%).

Earnings vs Market: AEDAS's earnings (14.5% per year) are forecast to grow slower than the Spanish market (20.4% per year).

High Growth Earnings: AEDAS's earnings are forecast to grow, but not significantly.

Revenue vs Market: AEDAS's revenue (13.5% per year) is forecast to grow faster than the Spanish market (6.6% per year).

High Growth Revenue: AEDAS's revenue (13.5% per year) is forecast to grow slower 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 (13.8%).


Past Performance

How has Aedas Homes performed over the past 5 years?

81.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AEDAS has high quality earnings.

Growing Profit Margin: AEDAS's current net profit margins (12.7%) are higher than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: AEDAS's earnings have grown significantly by 81.6% per year over the past 5 years.

Accelerating Growth: AEDAS's earnings growth over the past year (123%) exceeds its 5-year average (81.6% per year).

Earnings vs Industry: AEDAS earnings growth over the past year (123%) exceeded the Real Estate industry -4.5%.


Return on Equity

High ROE: AEDAS's Return on Equity (8.6%) is considered low.


Financial Health

How is Aedas Homes's financial position?


Financial Position Analysis

Short Term Liabilities: AEDAS's short term assets (€1.7B) exceed its short term liabilities (€603.2M).

Long Term Liabilities: AEDAS's short term assets (€1.7B) exceed its long term liabilities (€89.5M).


Debt to Equity History and Analysis

Debt Level: AEDAS's debt to equity ratio (35.5%) 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 well covered by EBIT (8.8x coverage).


Balance Sheet


Dividend

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

3.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AEDAS's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Spanish market (1.46%).

High Dividend: AEDAS's dividend (3.53%) is low compared to the top 25% of dividend payers in the Spanish market (4.74%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether AEDAS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AEDAS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.7%), AEDAS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AEDAS's dividends in 3 years are forecast to be covered by earnings (66.4% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

David Martínez Montero (50 yo)

3.75yrs

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

Experienced Management: AEDAS's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: AEDAS's board of directors are considered experienced (3.8 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: €1.138b
  • Shares outstanding: 44.64m
  • Website: https://www.aedashomes.com

Number of Employees


Location

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

Listings


Biography

Aedas Homes, S.A. engages in the development of residential homes in Spain. It focuses on multi- and single-family homes. The company was incorporated in 2016 and is based in Madrid, Spain. Aedas Homes, S....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 19:38
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.