Neinor Homes, S.A.

LSE:0RNU Stock Report

Market Cap: €1.2b

Neinor Homes Valuation

Is 0RNU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0RNU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0RNU (€15.82) is trading below our estimate of fair value (€60.35)

Significantly Below Fair Value: 0RNU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RNU?

Key metric: As 0RNU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RNU. This is calculated by dividing 0RNU's market cap by their current earnings.
What is 0RNU's PE Ratio?
PE Ratio12.3x
Earnings€95.88m
Market Cap€1.18b

Price to Earnings Ratio vs Peers

How does 0RNU's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RNU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.3x
CRN Cairn Homes
12.9x5.5%UK£1.2b
BWY Bellway
21.7x21.7%UK£2.8b
PSN Persimmon
15.1x18.5%UK£3.9b
GLE MJ Gleeson
15.4x14.5%UK£297.7m
0RNU Neinor Homes
12.3x-4.3%€1.2b

Price-To-Earnings vs Peers: 0RNU is good value based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

How does 0RNU's PE Ratio compare vs other companies in the European Consumer Durables Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0RNU 12.3xIndustry Avg. 13.1xNo. of Companies10PE0816243240+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0RNU is good value based on its Price-To-Earnings Ratio (12.3x) compared to the European Consumer Durables industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0RNU'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.

0RNU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio11x

Price-To-Earnings vs Fair Ratio: 0RNU is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (11x).

Analyst Price Targets

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

The above table shows the analyst 0RNU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.82
€14.97
-5.4%
13.6%€17.80€12.30n/a6
Dec ’25€15.16
€14.97
-1.2%
13.6%€17.80€12.30n/a6
Nov ’25€15.33
€15.06
-1.8%
13.8%€17.80€12.30n/a6
Oct ’25€14.90
€13.96
-6.3%
8.2%€15.90€12.30n/a6
Sep ’25€13.34
€13.96
+4.6%
8.2%€15.90€12.30n/a6
Aug ’25€13.00
€13.96
+7.3%
8.2%€15.90€12.30n/a6
Jul ’25€12.70
€13.19
+3.8%
5.0%€14.33€12.50n/a5
Jun ’25€11.66
€12.67
+8.7%
4.4%€13.50€11.77n/a5
May ’25€10.50
€12.61
+20.1%
4.2%€13.50€11.77n/a6
Apr ’25€10.16
€12.54
+23.4%
4.2%€13.50€11.77n/a7
Mar ’25€10.06
€12.54
+24.7%
4.2%€13.50€11.77n/a7
Feb ’25€10.50
€12.82
+22.2%
8.9%€15.50€11.77n/a7
Jan ’25€10.19
€12.46
+22.2%
11.9%€15.50€10.15n/a7
Dec ’24€10.53
€12.46
+18.3%
11.9%€15.50€10.15€15.167
Nov ’24€9.71
€12.22
+25.8%
12.5%€15.50€10.15€15.338
Oct ’24€9.43
€11.30
+19.9%
17.4%€15.50€8.20€14.909
Sep ’24€9.31
€10.94
+17.5%
17.8%€15.50€8.20€13.349
Aug ’24€9.01
€11.15
+23.7%
19.3%€15.50€8.20€13.009
Jul ’24€9.20
€10.50
+14.1%
15.4%€14.00€8.20€12.7010
Jun ’24€8.91
€11.29
+26.7%
19.8%€14.84€8.20€11.6610
May ’24€9.17
€11.34
+23.7%
19.5%€14.84€8.20€10.5010
Apr ’24€9.06
€11.42
+26.0%
19.2%€14.84€8.20€10.1610
Mar ’24€9.28
€11.40
+22.8%
19.4%€14.84€8.20€10.0610
Feb ’24€9.27
€11.41
+23.1%
19.4%€14.84€8.20€10.5010
Jan ’24€8.25
€11.32
+37.3%
19.7%€14.84€8.20€10.199
Dec ’23€8.88
€12.39
+39.6%
16.5%€14.84€8.20€10.539

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 08:36
End of Day Share Price 2024/12/19 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Filipe LeiteBanco BPI, S.A.
Ignacio RomeroBanco de Sabadell. S.A.
null nullBanco de Sabadell. S.A.